DIRS.INFO The most relevant business & tech news

☆ Ringleader of NBA health care fraud gets 10 years prison
▼ + stars: | 2023-08-03 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

U.S. District Judge Valerie Caproni in Manhattan federal court also sentenced him to pay $2.5 million in restitution to the NBA Players' Health and Welfare Benefit Plan, and forfeit $653,673, in accordance with his plea agreement. Prosecutors had sought a 10- to 12-year prison term, while Williams sought no more than 50 months. He was also accused of impersonating a health plan manager who questioned a reimbursement in order to "frighten" another player, who had not paid a kickback, into re-engaging with him. Prosecutors said at least $5 million of false claims were submitted, with the defendants receiving $2.5 million in fraudulent proceeds. Prosecutors recommended a prison term shorter than 21 months, citing his acceptance of responsibility and desire to make amends.

Persons: New Jersey Nets Terrence Williams, Shannon Stapleton, Terrence Williams, Valerie Caproni, Williams, Prosecutors, Tony Allen, Allen, Jonathan Stempel, Diane Craft Organizations: New Jersey Nets, Dallas Mavericks, NBA, REUTERS, UNITED STATES, National Basketball Association, NBA Players ' Health, Welfare, Boston Celtics, Prosecutors, Thomson Locations: East Rutherford , New Jersey, Manhattan, Seattle, Brooklyn, New York

☆ A Federal Food Safety Case Reveals Latest New York City Rat Horror Story
▼ + stars: | 2023-07-30 | by ( William K. Rashbaum | More About William K. Rashbaum | ) www.nytimes.com time to read: +1 min

The details of the case, made public on Friday, immediately entered the pantheon of New York City rat tales. This year, Mayor Eric Adams appointed the city’s first rat czar to confront the long-running rodent problem. Perhaps most famous was Pizza Rat, a large brown rat that went viral after video emerged showing it dragging a large slice of pizza down the stairs to an L line station in Manhattan in 2015. But it was Meat Rats — and several instances of selling misbranded chicken gizzards, pork spareribs and other meat — that put an end to Ya Feng, which ceased operations at the end of 2022. The lawsuit accused the company; its owner and president, Linmin Yang; and the warehouse manager, Kong Ping Ni, of violating the Federal Meat Inspection Act and the Poultry Products Inspection Act.

Persons: Eric Adams, Ya Feng, Linmin Yang, Kong Ping, Valerie Caproni Organizations: Inspection, Poultry, U.S Locations: New York City, Bronx, Manhattan

☆ Adidas says Kanye West 'mishandled' $75 million of funds that were supposed to be used for marketing the Yeezy collection
▼ + stars: | 2023-07-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Adidas is now asking West to return $75 million of marketing funds, per Bloomberg. The rapper previously said he spent $50 million of marketing money on his gospel choir tour. It relates to a marketing fund that was worth $100 million a year, according to court documents seen by Insider. Adidas says $75 million was paid into two Yeezy bank accounts, but Ye and the companies "mishandled virtually all of the marketing funds," by failing to keep it separate and spending on unauthorized purposes, per Bloomberg. In a 2020 interview on Nick Cannon's podcast, Ye said that he spent $50 million of Yeezy marketing funds on Sunday Service — his gospel choir tour that included flights to Jamaica for 120 people.

Persons: Kanye, West, Ye, Nick Cannon's, Valerie Caproni, — Organizations: Kanye West, Adidas, Bloomberg, Service Locations: Wall, Silicon, Jamaica

NEW YORK, May 22 (Reuters) - A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc (HSBA.L) and Bank of Nova Scotia (BNS.TO) of conspiring to fix silver prices. U.S. District Judge Valerie Caproni in Manhattan said the investors lacked legal standing to pursue federal antitrust claims under the Sherman Act, or claims under the federal Commodity Exchange Act. Investors had accused HSBC, Scotiabank and Deutsche Bank AG (DBKGn.DE) of manipulating silver prices from 2007 to 2013, saying they had "smoking gun" evidence of a price-fixing conspiracy among those banks and several other silver market makers. The judge also said the investors were not "efficient enforcers" of their private antitrust claims, unlike people who might have sold silver at the Fix price. The cases is In re London Silver Fixing Ltd Antitrust Litigation, U.S. District Court, Southern District of New York, No.

U.S. District Judge Valerie Caproni ruled that the NFL, the Denver Broncos, New York Giants and Houston Texans must face Flores' claims of systematic discrimination against Black coaches in the league. Caproni sent Flores' retaliation claim against the Dolphins to private arbitration, along with claims by two other coaches who joined Flores in the suit. Lawyers for the NFL and representatives of the other teams did not immediately respond to requests for comment. The NFL has denied claims of racial discrimination and said it is committed to diversity and equitable employment practices. The league has argued the case should be dismissed because the claims lacked merit, or be sent to arbitration pursuant to the coaches' employment contracts.

Search resuls for: "Valerie Caproni"

5 mentions found