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☆ American Airlines traveler was restrained with duct tape after trying to open emergency exit door mid-flight: passengers
▼ + stars: | 2024-02-21 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

Read previewAn American Airlines flight descended into chaos on Tuesday when a traveler tried to open an emergency exit door mid-air, forcing other passengers to restrain him before he was duct-taped and zip-tied, witnesses said. "He ripped down the handle where it exposed some of the emergency exit and all the wind came rushing down," Ritz told the news outlet. Blaze Ward, one of the fliers who helped subdue the man, told KOAT-TV that the man "was resisting, but there were no punches, at least not to me." This guy opened the emergency exit door. "This guy opened the emergency exit door.

Persons: —, Zach Etkind, Etkind, …, Don, @DonnieDoesWorld, Emma Ritz, Daniel Lewis, Blaze Ward, Ward, we’ve, we've Organizations: Service, American Airlines, Business, Boeing, Albuquerque, CNN, Panda, Sports, Twitter, Fox News Digital, Ritz, KOAT, Federal Aviation Administration, United States Attorney's Office, District Locations: Chicago, Albuquerque , New Mexico, Albuquerque, ABQ, New Mexico

☆ Mongolia urges Russia, other nations to return cultural artefacts
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

Two Gallimimus dinosaur skeletons are on display during a repatriation ceremony at the United States Attorney's Office of Southern District in New York July 10, 2014. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsBEIJING, Nov 20 (Reuters) - Mongolia on Monday called for more support from Russia, Britain and other countries to repatriate hundreds of cultural artefacts, some dating back over two millennia. In recent decades, many countries, including former colonies of European empires, have requested the return of cultural and historical artefacts taken away years ago, many of which are housed in museums reluctant to surrender their collections. Mongolia has made some headway in claiming back its cultural artefacts. Earlier this year, the United States returned dinosaur fossils taken out of Mongolia, including the skull of an alioramus, a smaller version of a tyrannosaurus rex that lived 70 million years ago.

Persons: Eduardo Munoz, Mongolia's, Rashid al, Din, Nomin Chinbat, Pyotr Kozlov, Chinbat, Ryan Woo, Miral Organizations: United States Attorney's Office, Southern, REUTERS, Rights, British Library, Museum of Edinburgh, Mongolia's, Thomson Locations: Southern District, New York, Rights BEIJING, Mongolia, Russia, Britain, China's, London, Persian, Persia, United States, Russian

☆ This Morgan Stanley veteran is ready to be CEO — it just might be somewhere else
▼ + stars: | 2023-10-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +16 min

Morgan Stanley CEO James Gorman plans to retire by May 2024. "Cross-pollinating key leaders across our major businesses further knits the Morgan Stanley culture," Gorman wrote in a memo at the time. Morgan Stanley, which was the lead underwriter, had to step in to prop up the stock. In 2010, Morgan Stanley was picked as one of two lead underwriters — the other being JPMorgan — for the IPO of General Motors. With Morgan Stanley at the top of its game, breaking up this well-oiled team could be disastrous.

Persons: Morgan Stanley, James Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, He's, Simkowitz, Eaton Vance, Pick, Morgan, Getty, Dan, doesn't, Gorman, Morgan Stanley's, Saperstein, executive's protégé, Andy, Alex, Brown, Ted, she'd, Simkowitz's, Dean Witter Reynolds, Eaton, Calvert, Ruth Porat, Bob Scully, Fannie Mae, Freddie Mac, Will Dotson, Dan Akerson, TIMOTHY A, CLARY, Erik Gordon, Dodd, Frank, David Bieri, Gonzalo Marroquin, Patrick McMullan, Paul Taubman, Colm Kelleher, coheads, John Mack, Phil Purcell, Hayley Cuccinello Organizations: Disney, Harvard, McKinsey, Columbia Business School, Maccabiah Games, Team USA, Maccabi USA, Trenton Almgren, Davis, Lucent, Verizon, Mesa West Capital, JPMorgan, Calvert Research, Management, Facebook, Massachusetts Securities Division, Treasury, JPMorgan —, General Motors, Government Motors, General, New York Stock Exchange, Getty, University of Michigan's Ross School of Business, Citigroup, Virginia Tech, US Securities and Exchange Commission, United States Attorney's Office, Southern, of Locations: Bloomington , Indiana, Trenton, New York, Tokyo and Hong Kong, Boston, Washington, Switzerland, of New York, hcuccinello@insider.com

☆ The $8 billion Sam Bankman-Fried criminal trial starts today — here's what's at stake and how we got here
▼ + stars: | 2023-10-03 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

In the first trial, Bankman-Fried faces seven criminal counts related to the collapse of the crypto empire he built, including wire fraud, securities fraud and money laundering. Alameda, FTX and a host of subsidiaries Bankman-Fried founded filed for bankruptcy protection in Delaware. FTX's own terms of use specifically forbade him, or Alameda, from using customer money for anything — unless the customer allowed it. And from FTX's inception, there was a lot of customer money. Bankman-Fried and other executives admitted to each other that "FTX customer funds were irrevocably lost because Alameda had appropriated them."

Persons: Sam Bankman, Fried, Caroline Ellison, Gary Wang, Ellison, FTX, Wang, Judge Lewis Kaplan, Samuel Bankman, MacKenzie Sigalos, San Francisco —, SBF, Wang —, Nishad Singh —, Goldman Sachs, Binance, Damian Williams, Rehypothecation, —, Crypto, Solana, Zhao, he'd, Cromwell, John J, Ray, John Ray's, — CNBC's Rohan Goswami Organizations: Alameda Research, Southern, of, Stanford, MIT, U.S, New York Times, Bankman, That's, CNBC, Jane, Capital, University of California, Formula, Democratic, Twitter, Securities Exchange Commission, SEC, Futures Trading, United States Attorney's Office, CFTC, Alameda, Alameda didn't, Voyager, BlockFi, FTX, Industry, Investors, Zhao, Publicly, Sullivan, Enron Locations: Bahamas, Manhattan, New York, Alameda, of New York, FTX, Brooklyn , New York, San Francisco, South Korea, Alameda , California, Fried's Alameda, Berkeley, Miami, Washington, Delaware, California, Federal, Solana, Fried

Hunter Biden arrives at Hancock Field Air National Guard Base after disembarking from Air Force One with his father, U.S. President Joe Biden, in Syracuse, New York, Feb. 4, 2023. Hunter Biden, the son of President Joe Biden, has agreed to plead guilty to two federal misdemeanor crimes of willfully failing to pay federal income taxes, a court filing Tuesday revealed. The corrupt Biden DOJ just cleared up hundreds of years of criminal liability by giving Hunter Biden a mere 'traffic ticket,'" Trump wrote. Trump later wrote on Truth Social: "People are going wild over the Hunter Biden Scam with the DOJ!" "These charges against Hunter Biden and sweetheart plea deal have no impact on the Oversight Committee's investigation.

Persons: Hunter Biden, Joe Biden, Chris Clark, Hunter's, Delaware David Weiss, Weiss, Donald Trump, Joe Biden's, Hunter —, Hunter, Ian Sams, Merrick Garland, Clark, Trump, James Comer, Biden, Biden's, Comer Organizations: Hancock Field Air National Guard Base, Air Force, CNBC, NBC, U.S, Attorney, Prosecutors, Department, Justice, United States Attorney's Office, District of, Government, White, Biden DOJ, Hunter, DOJ, Kentucky Republican Locations: Syracuse , New York, U.S, Delaware, Malibu , California, District of Delaware

☆ Abuses Proliferate in Police Squads Like Memphis's Scorpion Unit
▼ + stars: | 2023-01-28 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +27 min

Street Crime Unit. Jon Naso/NY Daily News Archive via Getty ImagesMemphis police chief Davis also has prior experience with special street crime units. Street crime squads are popular among politicians who say only aggressive policing will reduce violent crime. In the late 1990s, the Street Crime Unit tripled in size, amid a panic over a rising number of homicides. In a city grappling with violent crime, authorities touted the Street Crime Unit as a bright spot.

☆ The timeline of Tyre Nichols' death, from being stopped by Memphis cops to officers being charged with his murder
▼ + stars: | 2023-01-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +8 min

Tyre Nichols died after he was beaten by Memphis police officers, his family's attorneys say. The Memphis Police Department has not released many details about the case, but Police Chief Cerelyn Davis condemned the incident as "heinous, reckless, and inhumane." January 10: Nichols diesThe Tennessee Bureau of Investigation announced that Nichols had "succumbed to his injuries." January 20: Memphis Police says five officers firedMemphis police officers Demetrius Haley, Tadarrius Dean, Justin Smith, Emmitt Martin, and Desmond Mills Jr. are facing murder charges. Wells added that the footage showed Nichols repeatedly calling out for his mother, according to The Washington Post.

☆ U.S. prosecutors launch website for Bankman-Fried alleged fraud victims
▼ + stars: | 2023-01-06 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +1 min

NEW YORK, Jan 6 (Reuters) - The U.S. government plans to launch a website for victims of FTX cryptocurrency exchange founder Sam Bankman-Fried's alleged fraud to communicate with law enforcement. In court papers filed on Friday, federal prosecutors in Manhattan asked U.S. District Judge Lewis Kaplan for permission to use the website to notify victims, rather than contacting each individually. Federal law requires prosecutors to contact possible crime victims to inform them of their rights, including the rights to obtain restitution, be heard in court and be protected from defendants. Kaplan has yet to rule on the request, but the website had gone live by Friday afternoon. Bankman-Fried, 30, has pleaded not guilty to eight counts of wire fraud and conspiracy over November's collapse of FTX.

A passenger disturbance on a Southwest Airlines flight prompted its diversion to Little Rock, Arkansas, on Saturday on one of the year's busiest travel weekends. "The FBI is the primary federal agency authorized to investigate potential assault aboard aircraft violations," Hagan said by email. The exact nature of the disturbance on board the Columbus, Ohio-bound flight from Houston wasn't entirely revealed. The disturbance came amid one of the year's busiest travel weekends, when many Americans partook in Thanksgiving reunions following the end of pandemic isolation. On Monday, authorities alleged, a Utah man held a straight-edge razor near another passenger’s throat on a New York City-to-Salt Lake City flight.

☆ An ex-Apple employee faces as long as 20 years in jail after admitting to defrauding the tech giant of over $17 million
▼ + stars: | 2022-11-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

A former Apple employee has admitted to defrauding the company out of $17 million. The ex-worker, Dhirendra Prasad, admitted to running multiple fraud schemes. In one of the schemes, Prasad and a co-conspirator arranged to have Apple pay for its own components. He admitted that these actions cost Apple more than $17 million, according to the release. In one of the schemes, Prasad and Baker arranged to have Apple pay for its own property.

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