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Lin Rui-siang stands accused of running a $100 million dark web drug market, attempting to blackmail its users, and instructing others on how to evade anti-money-laundering investigators. Federal prosecutors say that he owned and operated Incognito Market, a dark web drug market selling heroin, cocaine, oxycodone, and other illicit substances. The DoJ said Lin used the pseudonyms "Pharoah" and "faro." The indictment claims that Lin closed the drug marketplace in or around March, and that he refused to return money stored in the "bank" to vendors and customers. The outlet said that "Pharoah" posted on a dark web market forum that its aim was to help users evade anti-money-laundering investigators.
Persons: , Lin Rui, siang, Lin, John F, Lucia, Edward A, Caban Organizations: Service, Business, Department of Justice, Kennedy, WIRED, St, Lucia Police, Lucia Police Force, DoJ, Justice Department, FBI, Homeland Security Investigations, Drug Enforcement Administration, Food, Drug, Criminal Investigations, New York Police Department, NYPD Locations: Royal, faro
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ's Doha Mekki on suing Live Nation over exerting 'monopoly power' on live music industryDoha Mekki, DOJ principal deputy assistant attorney general for the antitrust division, joins 'Squawk Box' to discuss how much prices would come down if the DOJ is successful in its lawsuit against Live Nation, how much of the case is focused on the fan or artist, and more.
Organizations: Doha Mekki, DOJ, Live
“It is time to break it up.”It is difficult to overstate just how thoroughly Live Nation, which acquired Ticketmaster more than a decade ago, controls live entertainment in America. Through Ticketmaster, Live Nation controls 80% of venues’ primary ticketing for concerts. There’s a fine line between vertical integration and all-out monopoly, and Live Nation is, at minimum, very clearly toeing it. Artists, fans and venues have been complaining about Live Nation and Ticketmaster pretty much since they agreed to merge in 2009. Live Nation, Wolfson said, is likely to come out swinging.
Persons: CNN Business ’, Caitlin Clark, wasn’t, General Merrick Garland, Swift, Taylor, Sen, Richard Blumenthal, Garland, Swiftie, ” Adam Wolfson, Quinn Emanuel, Eventbrite, Wolfson, … we’re, there’s Organizations: CNN Business, New York CNN, Justice Department, Ticketmaster, DOJ, Artists, Senate, Democrats Locations: New York, United States, America, North America,
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Over a year after Ticketmaster crashed, preventing rabid Taylor Swift fans from purchasing tickets to her concert tour, the DOJ has announced an antitrust lawsuit against Ticketmaster's parent company, Live Nation Entertainment. Advertisement"This has given Live Nation and Ticketmaster the opportunity to freeze innovation and bend the industry to their own benefit. The lawsuit comes after Ticketmaster fumbled a pre-sale event in late 2022 for Taylor Swift's Eras Tour as fans competed with bots for a limited number of tickets. AdvertisementIn response to the antitrust suit, Live Nation said that "calling Ticketmaster a monopoly may be a PR win for the DOJ in the short term, but it will lose in court."
Persons: , Taylor Swift, Merrick Garland, Taylor, Swift Organizations: Service, Ticketmaster, DOJ, Entertainment, Business, Justice Department, Department
What the major Ticketmaster lawsuit means for you
  + stars: | 2024-05-23 | by ( Brian Fung | ) edition.cnn.com   time to read: +4 min
But the Department of Justice says those complaints are just the symptom of a more fundamental problem with Live Nation. Live Nation, for its part, says even if the lawsuit succeeds, it won’t lead to cheaper ticket prices. An uncertain path forwardTo fix the issue, regulators say Live Nation must be broken up. But based on past criticism of Live Nation, one possible outcome at a minimum could be a spinoff of Ticketmaster. Better customer serviceComplaints about Ticketmaster and Live Nation are nothing new.
Persons: , , General Merrick Garland, General Merrick Garland Kent Nishimura, haven’t, Taylor Swift, Swift Organizations: CNN, Ticketmaster, of Justice, U.S, Antitrust, Justice, , DOJ, Consumer, Nation Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWashington D.C. Attorney General explains why he's joining the DOJ suit against Live NationHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: he's, Brian Sullivan, Organizations: Washington, DOJ, CNBC
Snowflake : The data cloud company shares fell nearly 3% despite a revenue beat and a good guide. However, the revenue guidance was a little light. Live Nation : The Justice Department and 30 states are suing Live Nation, looking to break up Live Nation and Ticketmaster. Cramer countered that, saying VF Corp is selling a lot of products and clearing lots of inventory. He added the story at the company is not as negative as the stock, which has dropped 36% in 2024.
Persons: Jim Cramer's, Jim Cramer, Ralph Lauren, Cramer, That's, Taylor, Williams Organizations: CNBC, Club, Nvidia, Paris, The Justice Department, Ticketmaster, DOJ, VF Corp
Washington CNN —The US government and dozens of states sued Live Nation in a groundbreaking antitrust lawsuit on Thursday, alleging that for years the parent company of Ticketmaster abused its industry dominance to harm concertgoers nationwide. It is time to break up Live Nation-Ticketmaster.”In a statement, Live Nation called the DOJ’s allegations “baseless.”“The DOJ’s lawsuit won’t solve the issues fans care about relating to ticket prices, service fees, and access to in-demand shows,” Live Nation said in a statement. The lawsuit highlights how regulators now believe, more than a decade on, that the behavioral modifications Live Nation agreed to have failed. According to the lawsuit, Live Nation directly manages more than 400 artists, controls around 60% of concert promotions at major concert venues across the country, and controls more than 265 concert venues in North America. And through Ticketmaster, the suit says, Live Nation controls roughly 80% or more of major concert venues’ primary ticketing for concerts.
Persons: Taylor Swift’s, , General Merrick Garland, Swift, Robert Smith, Zach Bryan, Minnesota Democratic Sen, Amy Klobuchar, Connecticut Democratic Sen, Richard Blumenthal, Klobuchar, Blumenthal, John Cornyn, Ted Cruz, Biden, ramping Organizations: Washington CNN, Ticketmaster, Justice Department, Prosecutors, , , DOJ, Regulators, Minnesota Democratic, Connecticut Democratic, Texas Republican, District of Columbia, Court, Southern, of Locations: New York, United States, Texas Republican Sens, North America, Arizona , Arkansas , California , Colorado , Connecticut, Florida , Illinois, Maryland , Massachusetts, Michigan, Minnesota , Nevada , New Hampshire , New Jersey , New York, North Carolina , Ohio , Oklahoma , Oregon , Pennsylvania, Rhode Island , South Carolina , Tennessee , Texas, Virginia, Washington, West Virginia , Wisconsin , Wyoming, of New York
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLive Nation President Berchtold: We don't see enough profitability to sustain a monopoly as DOJ saysLive Nation President Joe Berchtold and CNBC's Julia Boorstin join 'Closing Bell' to discuss the DOJ's lawsuit against the company.
Persons: Berchtold, Joe Berchtold, Julia Boorstin Organizations: DOJ
CNN —A doping case involving 23 Chinese swimmers took a diplomatic twist on Wednesday after US lawmakers called on the US Department of Justice and the International Olympic Committee to launch inquiries into the controversy. The Chinese swimmers tested positive for trimetazidine, a banned performance-enhancing substance, several months before the Tokyo Olympics – a tournament at which they were allowed to compete in, and went on to win medals at, according to a report from the New York Times released in coordination with German public broadcaster ARD. In a statement released Wednesday, the lawmakers called for an assessment as to whether the alleged doping was “state-sponsored,” adding that could warrant further diplomatic measures by the United States and the international community. CNN has reached out to the Department of Justice, the IOC and WADA for comment. Trimetazidine has the potential to boost endurance and has been banned by WADA since 2014.
Persons: , Raja Krishnamoorthi, John Moolenaar, WADA, , ” WADA, Sarah Hirshland, Witold Banka, , Trimetazidine, CHINADA Organizations: CNN, US Department of Justice, International Olympic Committee, Tokyo, New York Times, ARD, Olympic, Chinese Communist Party, Doping Agency, Department of Justice, IOC, European Medicines Agency, EMA, Canadian Olympic Committee, Paralympic, , CHINADA, Xinhua Locations: People’s Republic of China, Russia, United States, Paris, China, , trimetazidine
Scottie Scheffler arrives to the course during the second round of the PGA Championship at Valhalla Golf Club in Louisville, Kentucky, on May 17, 2024. Detective Bryan Gillis "should have turned on his body-worn camera but did not," Louisville Metro Police Department Chief Jacquelyn Gwinn-Villaroel said at a press conference. The footage came from a pole camera and a police car dashboard camera. Some legal analysts expected the press conference to announce the reduction of felony charges against Scheffler. Scheffler's lawyer, Steven Romines, after the press conference said, "Scottie Scheffler didn't do anything wrong."
Persons: Scottie Scheffler, Ben Jared, Bryan Gillis, Jacquelyn Gwinn, Villaroel, Craig Greenberg, Gillis, Greenberg, Timothy D, Steven Romines, Romines, it'll, Scottie, Breonna Taylor, Taylor's, George Floyd, LMPD, Scheffler, , abrasions, Ted Scott Organizations: PGA, Valhalla Golf Club, Louisville Metro Police Department, Louisville, Louisville Police, Easley, AP Louisville, Scheffler, Police, of Justice, Louisville police, DOJ, Valhalla Golf Locations: Louisville , Kentucky, Louisville, Ky, Minneapolis
The U.S. Department of Justice is suing to break up Live Nation, the parent company of Ticketmaster, over alleged antitrust violations. "The DOJ's complaint attempts to portray Live Nation and Ticketmaster as the cause of fan frustration with the live entertainment industry. Live Nation and Ticketmaster merged in 2010, creating a dominant entity in the live event industry. Through Ticketmaster, Live Nation controls roughly 80% or more of major concert venues' primary ticketing for concerts, the complaint said. Live Nation earlier this month reported its "biggest Q1 ever," citing first-quarter revenue that was up 21% from the prior-year period.
Persons: Taylor, General Merrick Garland, Dan Wall, Taylor Swift Organizations: U.S . Department of Justice, Ticketmaster, DOJ, The Justice Department, Southern, of, Oak View, Nation, Live Locations: United States, North America, U.S, of New York
Julia Nikhinson | ReutersDischarging student debt in bankruptcy is now easierThe new guidance has already led to changes. In the first 10 months of the Biden administration's more lenient process, student borrowers filed more than 630 bankruptcy cases, a "significant increase" from recent years, it reported last year. Many borrowers are 'not aware' of changesYet Warren says more work still needs to be done. "More than 43 million borrowers in the United States carry a total of $1.6 trillion in student loan debt, and more than 2 million borrowers have been repaying those loans for at least 20 years," Warren and Whitehouse wrote. "DOJ and ED must work harder to encourage borrowers to seek relief — and deliver on that relief when requested," they added.
Persons: Elizabeth Warren, Julia Nikhinson, Biden, I've, Neu, Warren, Whitehouse Organizations: Intelligence, U.S, Capitol, CNBC, DOJ, The, of Justice and Education Department Locations: Washington, Seattle, United States
The company was responding to a civil lawsuit filed against American Airlines claiming the girl, listed as Mary Doe, was “secretly filmed while using the airplane toilet” during an American Airlines flight in January 2023. A former American Airlines flight attendant, Estes Carter Thompson, 37, who federal investigators say secretly recorded several minors while they used the bathroom on different American Airlines flights last year, is also named in the lawsuit filed in Texas. American Airlines initially argued that the girl was at fault and negligent because she used a lavatory “she knew or should have known contained a visible and illuminated recording device.”In response to CNN’s request for comment on Monday’s filing, American Airlines said the filing was made in error by outside counsel retained by the airline’s insurance company. “The included defense is not representative of our airline, and we have directed it be amended this morning,” American Airlines said in a statement Wednesday. “They should never have taken such an outrageous position in the first place.”Llewellyn called American Airlines’ legal strategy “depraved” and “shocking.”“Instead of taking responsibility for this awful event, American Airlines is actually blaming our daughter for being filmed,” the child’s mother said in a statement.
Persons: Mary Doe, , Estes Carter Thompson, Paul Llewellyn, ” Llewellyn, , Thompson, Jane Doe Organizations: CNN, American Airlines, Airlines, DOJ, Department of Justice, Plaintiff Locations: Texas, Austin , Texas, Los Angeles , California, Massachusetts, Boston, North Carolina, Charlotte , North Carolina, Boston , Massachusetts
This Trump fundraising email will shock you
  + stars: | 2024-05-22 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +6 min
CNN —Followers of former President Donald Trump were meant to be startled when they were sent an email Tuesday, addressed from “President Trump,” with this arresting subject line:“They were authorized to shoot me!”The preview line in the email did not back down. The judge, Beryl Howell, cited the discovery of additional documents with classified markings found in Trump’s Mar-a-Lago bedroom months after the FBI search. Trump is a master sensationalist, so place the email subject line where he says he’s in physical harm within his oeuvre of over-the-top and untrue allegations. How to get people to open fundraising emailsThe email address where I get fundraising pitches from politicians received seven such messages from Trump on Tuesday. Trump’s allegations about the FBI document were not just contained in the fundraising email.
Persons: Donald Trump, “ President Trump, Trump, Trump’s, Tierney Sneed, Katelyn Polantz, Holmes Lybrand, Hannah Rabinowitz, Stephen D’Antuono, , ” D’Antuono, ” Trump, Beryl Howell, “ I’ve, Rudy Giuliani, Joe Biden, Biden’s, Hunt, Joe Biden’s, JOE BIDEN, Juan Merchan Organizations: CNN, , DOJ, Mar, Trump, Justice Department, FBI, Secret Service, Capitol, Service, Biden, Joe Biden’s DOJ, FORCE, New Locations: Lago, Washington, Washington ,, Trump’s Mar, Las Vegas, London, Manhattan, Mar, New York
CNN —House Republicans will take their first step towards holding Attorney General Merrick Garland in contempt of Congress on Thursday for refusing to turn over the audio recordings of special counsel Robert Hur’s interviews with President Joe Biden. The House Oversight and Judiciary committees will each hold markups on their respective reports recommending a contempt of Congress resolution against Garland for failing to comply with a congressional subpoena. If passed out of the committees, the resolutions would next go to the House floor for a vote by the whole chamber. While Hur’s probe led to no charges against the president, Republicans have seized on Hur’s description of Biden as a “well-meaning, elderly man with a poor memory” in his final report. DOJ has also outlined distinct privacy concerns related to an audio recording of an interview compared to a written transcript, and how the release of such an audio file could dissuade cooperation from future witnesses in criminal investigations.
Persons: General Merrick Garland, Robert Hur’s, Joe Biden, Garland, Hur, Biden, Mark Zwonitzer, Carlos Uriarte, ” Uriarte, , , Donald Trump Organizations: CNN — House Republicans, of Justice, Republicans, CNN, DOJ, House Republicans, Republican, ” Republicans Locations: New York City
The Department of Justice on Wednesday announced the indictment of two brothers for allegedly stealing $25 million in cryptocurrency within roughly 12 seconds. DOJ called it a "first-of-its kind" fraud, detailing the seconds-long scheme where the brothers allegedly manipulated the Ethereum blockchain to redirect pending transactions and steal $25 million. "As we allege, the defendants' scheme calls the very integrity of the blockchain into question," said U.S. Attorney Damian Williams for the Southern District of New York in a statement. Anton Peraire-Bueno, 24, and James Pepaire-Bueno, 28, were arrested on Tuesday for charges of wire fraud and money laundering. The Pepaire-Bueno brothers studied math and computer science "at one of the most prestigious universities in the country," according to the DOJ.
Persons: Damian Williams, Anton Peraire, James Pepaire, Bueno Organizations: Justice, Wednesday, DOJ, Southern, of Locations: cryptocurrency, of New York
Read previewBoeing could face criminal charges after the Justice Department determined the planemaker violated a deferred prosecution agreement (DPA). The DPA, reached in 2021, meant Boeing didn't face charges related to the deaths of 346 people in two 737 Max 8 crashes in 2018 and 2019. AdvertisementIt added: "For failing to fulfill completely the terms of and obligations under the DPA, Boeing is subject to prosecution by the United States." AdvertisementThe Justice Department is continuing to meet with the families of victims of the 2018 and 2019 crashes, as it determines whether to bring charges against Boeing. The Justice Department told the court it will decide whether to prosecute Boeing by July 7.
Persons: , Max, Robert Clifford Organizations: Service, Justice Department, DPA, Boeing, Business, Alaska Airlines, DoJ, BI, Department, Ethiopian Locations: United States, Alaska
Two brothers were arrested and charged with pulling off a $25 million crypto heist in seconds. The DOJ said the Peraire-Bueno brothers tampered with the ethereum blockchain and funneled money to private accounts. AdvertisementTwo brothers were arrested and charged with a major crypto heist, the Department of Justice said on Wednesday. The pair stole around $25 million worth of crypto in a heist that took about 12 seconds. The Peraire-Bueno brothers were arrested on Tuesday and are set to appear in two separate courts Wednesday afternoon.
Persons: Bueno, , Anton Peraire, James Peraire, Damian Williams, they've Organizations: DOJ, Service, Department of Justice, New, IRS, Southern, Justice Department Locations: Boston, New York
CNN —The US Justice Department on Tuesday notified Boeing that it breached terms of its 2021 agreement in which the company avoided criminal charges for two fatal 737 Max crashes. The notification comes as the Justice Department conducts a new investigation into Boeing’s operations in the wake the door plug incident. The earlier deal had resolved a fraud investigation related to the company’s development of its 737 Max aircraft. Under its deferred prosecution agreement from January 2021, Boeing paid $2.5 billion in penalties and promised to improve its safety and compliance protocols. In March, the FAA identified more potential safety issues with the engines of the 737 Max and 787 Dreamliner.
Persons: Max, , Reed O’Connor, Biden, Paul Cassell, ” Cassell, Organizations: CNN, US Justice Department, Boeing, Alaska Airlines, Department of Justice, Justice Department, Max, Lion, Justice, Air Force, Transportation Safety Board, Federal Aviation Administration, FAA Locations: United States, Fort Worth , Texas
CNN —Former Trump adviser Steve Bannon should begin serving a four-month prison sentence now that a federal appeals court has upheld his contempt-of-Congress conviction, the Justice Department told a federal judge Tuesday. US District Judge Carl Nichols, who presided over Bannon’s trial, had paused Bannon’s sentence while an appeal of his conviction played out. He has given Bannon until Thursday to respond to the DOJ’s request. Circuit rejected defendant’s appeal on all grounds, including the primary argument on appeal: the requisite mental state required for a contempt of Congress violation,” the Justice Department wrote. The timing of when Bannon will be expected to report to prison is still unclear.
Persons: Steve Bannon, Carl Nichols, Bannon Organizations: CNN, Trump, Justice Department, Capitol, The Justice Department, Congress
"Big Short" investor Danny Moses is still betting against Tesla stock and expects it to fall to $50. Tesla's focus on Robotaxis and AI is a distraction from its "falling apart" core business, he told CNBC. AdvertisementTesla's stock is cruising toward a steep correction, and will see a drop-off that even new tech initiatives can't steer around, investor Danny Moses told CNBC. The Moses Ventures founder revealed a Tesla short last year, sparked by a frustration over CEO Elon Musk's purchase of X, formerly Twitter. While Moses holds Tesla as his primary short, he touted a separate autonomous driving firm called Wayve.
Persons: Danny Moses, Moses, , Tesla, Elon Musk's, Bill Gates Organizations: CNBC, DOJ, Service, Moses Ventures, Elon, Department of Justice, Nvidia
“This case here is about the why — the why matters,” Linker had argued to the jury. “This case is about whether David acted because of, on account of, Nancy Pelosi’s duties as a member of Congress. He didn’t, and he only struck Paul Pelosi in a quick moment of despair because the police arrived and his larger plan was thwarted.”CNN has reached out to Linker for comment. In his testimony, Paul Pelosi recounted how he awoke the night of the attack to see a man with a hammer in his home. He later came to in a pool of blood after being violently struck in the head following a struggle with DePape, Pelosi said.
Persons: Nancy Pelosi’s, Paul, David DePape, DePape’s, , , Jodi, Paul Pelosi, David, didn’t, DePape, Nancy Pelosi, “ She’s, ” Pelosi, Pelosi, “ I’ve, Veronica Miracle, Jeffrey Kopp, Piper Hudspeth Blackburn Organizations: CNN — Prosecutors, San Francisco, Department of Justice, DOJ, ” CNN, Justice Department Locations: San, Washington, California
Resorts World Las Vegas President Scott Sibella speaks during the opening of Resorts World Las Vegas on June 24, 2021 in Las Vegas, Nevada. The former president of the MGM Grand casino in Las Vegas is set to be sentenced Wednesday afternoon on a federal criminal charge related to his failure to report millions of dollars in wagers by an illegal bookmaker at his casino. Sibella's lawyers have asked that he be sentenced to probation, as have prosecutors. Sibella admitted knowing that a patron of his casino, Wayne Nix, ran an illegal bookmaking business, according to the Department of Justice. "Despite this knowledge, Sibella allowed Nix to gamble at MGM Grand and affiliated properties with illicit proceeds generated from the illegal gambling business without notifying the casino's compliance department," the DOJ said in January.
Persons: Scott Sibella, Sibella, Wayne Nix, Nix Organizations: Vegas, Resorts, MGM, Court, Department of Justice, MGM Grand, DOJ Locations: Vegas, Las Vegas , Nevada, Las Vegas, U.S, Los Angeles
The Department of Justice is investigating potential securities or wire fraud by Tesla, Reuters reported. The probe reportedly centers on Tesla's promotion of its driver assist software. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Department of Justice is looking into potential securities or wire fraud connected with Tesla's efforts to promote its driver assist software, according to a report by Reuters that cited unnamed sources. In 2022, the news agency first reported that the DoJ had launched a criminal probe into Tesla and its self-driving claims, but further details regarding the scope of the investigation were previously unknown.
Persons: Tesla, Organizations: Justice, Reuters, Service, DoJ, Tesla, Business
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