DIRS.INFO The most relevant business & tech news

CNN Business —Two victims injured when a car drove into an Apple store filed lawsuits Tuesday morning claiming various development companies failed to protect people by not installing barriers near the store. One person died and at least 19 others were injured after an SUV drove through an Apple store in Hingham, Massachusetts, on November 21, according to the Plymouth County District Attorney’s Office. Sheff showed pictures of barriers at different Apple store locations and other areas in the Hingham shopping complex, arguing they should have been at the Hingham Apple store as well. The lawsuits accuse several property development entities of negligence, claiming they “failed to reasonably protect occupants” by not installing barricades near the store. One lawsuit filed by a non-employee accuses Apple of negligence, alleging it failed to reasonably protect the store’s occupants.

☆ Guilty: Oath Keepers founder Stewart Rhodes was convicted of seditious conspiracy in the most significant January 6 case yet
▼ + stars: | 2022-11-29 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +5 min

A jury found Oath Keepers founder Elmer Stewart Rhodes guilty of engaging in a seditious conspiracy. Three other members of the far-right group were found not guilty of joining in that conspiracy. Rhodes was convicted of seditious conspiracy alongside Kelly Meggs, another member of the Oath Keepers. "Now, going forward, there are people higher up than the Oath Keepers who were potentially involved in the conspiracy," he told Insider. Just as he distanced himself from Oath Keepers who entered the Capitol, Rhodes sought to downplay the far-right group's references to quick reaction forces, or QRFs, in his testimony before jurors.

☆ Many of Donald Trump's legal problems are coming to an end as he launches his 3rd presidential run — but the biggest risks remain
▼ + stars: | 2022-11-27 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Donald Trump has steadfastly settled a number of major legal headaches in the lead-up to his 2024 run. In the lead-up to his announcement this month announcing a third presidential run, he cleared many of them away. Some of Trump's legal headaches he just can't get rid of, no matter how hard he rages. ...with a few major exceptionsTrump's most severe legal problems are also the ones he will have the most difficulty getting rid of. Trump's efforts to stay in power despite the will of American voters have also drawn scrutiny in Georgia.

The Supreme Court in recent years has hemmed in prosecutors in political corruption cases including a 2020 decision to toss the convictions of two aides to Republican former New Jersey Governor Chris Christie relating to the "Bridgegate" political scandal. The charges against Percoco and Ciminelli were brought in 2016 by then-Manhattan U.S. Attorney Preet Bharara, who also pursued corruption cases against top state lawmakers including former Assembly Speaker Sheldon Silver. They also have asked the Supreme Court to reverse their convictions. A judge in July allowed all four to be released from prison on bail after the Supreme Court agreed to hear the case. Ciminelli's lawyers said such intangible information could not qualify as a "property fraud" under Supreme Court's precedents.

☆ Elon Musk says Twitter's ban on Trump after Capitol attack was 'grave mistake'
▼ + stars: | 2022-11-26 | by ( Kanishka Singh | ) www.reuters.com time to read: +3 min

The important thing is that Twitter correct a grave mistake in banning his account, despite no violation of the law or terms of service," Musk said in a tweet. He added he would stick with his own social media site Truth Social, the app developed by Trump Media & Technology Group. At the time, Twitter said it permanently suspended him because of the risk of further incitement of violence following the storming of the Capitol. Trump repeatedly used Twitter and other sites to falsely claim there had been widespread voter fraud, and had urged supporters to march on the Capitol in Washington to protest. He has fired top managers and it was announced that senior officials in charge of security and privacy had quit.

☆ ABB Nears Deal to Resolve Third U.S. Bribery Case Against Company
▼ + stars: | 2022-11-25 | by ( Dylan Tokar | ) www.wsj.com time to read: +7 min

Photo: Waldo Swiegers/Bloomberg NewsIn the U.S., the ABB deal is an early test of a pledge by the Biden administration to take a tougher stance on corporate repeat offenders. An ABB spokesman said the company continues to fully cooperate with authorities and hopes to reach a final settlement soon. Exactly how U.S. authorities, including the Justice Department, will frame the ABB deal in relation to the new stance on repeat offenders remains to be seen. Allowing the ABB parent company to avoid a guilty plea will in theory help shield much of its business globally from those risks. The ABB deal would also mark the second time the Swiss company has settled FCPA offenses with a deferred-prosecution agreement.

☆ U.S. Prosecutors Target Russian Assets, but Legal Hurdles Loom
▼ + stars: | 2022-11-24 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

Western authorities have frozen about $300 billion in reserves of Russia’s central bank, pictured in Moscow. WASHINGTON—Federal prosecutors have issued a stream of subpoenas in recent months in an effort to uncover Russian oligarchs‘ assets hidden in the U.S., laying the groundwork to seize real estate, cash accounts and trust funds, say people familiar with the matter. Many of the subpoenas seek business, bank and trust records they say would help prosecutors cut through layers of complex ownership structures meant to obscure oligarchs’ holdings.

☆ Explainer: Trump's Supreme Court loss the latest failure to keep tax returns secret
▼ + stars: | 2022-11-23 | 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: +4 min

Prosecutors have accused the Trump Organization of paying executives through off-the-books perks including bonuses as if they were freelancers. WHY DOES CONGRESS WANT TRUMP'S TAX RETURNS? DO OTHER OFFICIALS HAVE TRUMP'S TAX RETURNS? The Manhattan district attorney in February 2021 said it obtained eight years of Trump's tax returns in the investigation that led to the Trump Organization's tax fraud trial. The Supreme Court's decision on Tuesday to allow the panel to obtain the tax returns came a week after Trump announced his latest presidential run.

Nov 22 (Reuters) - The suspect in the mass shooting that killed five people and wounded 17 at a Colorado Springs LGBTQ nightclub has been transferred to jail from the hospital where he was in police custody, police said on Tuesday. "CSPD has turned over custody of the Club Q suspect to the El Paso County Sheriff's Office at the jail," the Colorado Springs Police Department said on Twitter. Prosecutors said that once he was out of the hospital, they expected to file formal criminal charges that may differ. James, a Navy information systems technician second class, was injured in the Colorado Springs shooting and was hospitalized in stable condition Tuesday, the Navy said in a statement. James is an 11-year-Navy veteran stationed in Colorado Springs, the Navy said, asking that his privacy be respected.

☆ U.S. prosecutors opened probe of FTX months before its collapse - Bloomberg News
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

Nov 21 (Reuters) - Crypto exchange FTX was on the radar of federal prosecutors in Manhattan months before its collapse, Bloomberg News reported on Monday citing people familiar with the investigation. FTX and the concerned U.S. Attorney's Office did not immediately respond to Reuters' requests for comment. It has fanned fears about the future of the crypto industry after FTX outlined a "severe liquidity crisis". Several crypto firms have since been bracing for a fallout from the FTX collapse, with many counting their exposure in millions to the beleaguered exchange. Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Guilty: Capitol rioter who breached Speaker Nancy Pelosi's office was convicted at trial
▼ + stars: | 2022-11-21 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +5 min

A judge ordered Riley Williams detained ahead of her sentencing in February on January 6 charges. The jury failed to reach a unanimous verdict on a charge Williams helped steal a laptop from Pelosi. In previous jury trials, Capitol rioters have been found guilty on all charges they faced, including obstruction of an official proceeding. Williams "led an army" to Pelosi's office suite, prosecutors said, where she encouraged fellow rioters to steal a laptop the speaker used for Zoom meetings. The trial featured images of rioters ransacking Pelosi's office, with some suggesting that they steal a pair of pink boxing gloves that the House speaker kept on a table.

NASSAU, Bahamas— Sam Bankman -Fried’s $32 billion crypto-trading empire collapsed in an incandescent bankruptcy last week, prompting irate customers, crypto acolytes and Silicon Valley bigwigs to ask how something that seemed so promising could have imploded so fast. The emerging picture suggests FTX wasn’t simply felled by a rival, or undone by a bad trade or the relentless fall this year in the value of cryptocurrencies. Instead, it had long been a chaotic mess. No one could say exactly what belonged to whom. Prosecutors are now investigating its collapse.

“For these defendants, the attack on the Capitol was a means to an end,” Assistant U.S. Attorney Kathryn Rakoczy told jurors. Manuel Balce Ceneta / AP fileBright told jurors there was not evidence of a "meeting of the minds" on seditious conspiracy. “We’ve had 50 witnesses in this case, not one person has testified to you there was a plan,” Bright said. Oath Keepers were upset about the results of the 2020 election, but them venting their frustrations to each other doesn’t constitute a conspiracy, Bright argued. Rhodes told you in his own words he was prepared to start a rebellion the day that president Biden took office,” Rakoczy said, referring back to Rhodes’ testimony in his own defense.

☆ Ramesh ‘Sunny’ Balwani: Who Is the Former Theranos President and What Was He Convicted of in His Trial?
▼ + stars: | 2022-11-18 | by ( Heather Somerville | ) www.wsj.com time to read: 1 min

Ramesh ‘Sunny’ Balwani leaving federal court after the verdict was read in San Jose, Calif., on Thursday. A federal jury convicted Ramesh “ Sunny” Balwani , the former top lieutenant to Theranos Inc. founder Elizabeth Holmes , on all 12 charges that he helped perpetuate a yearslong fraud scheme at defunct blood-testing startup Theranos Inc.Mr. Balwani was on trial for more than three months in federal court in San Jose, Calif. Prosecutors argued that he defrauded Theranos investors and patients by lying about the capabilities of Theranos’s finger-prick blood-testing technology.

☆ Disgraced Theranos founder Elizabeth Holmes has been sentenced to 11.25 years in prison with 3 years of supervised release
▼ + stars: | 2022-11-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +6 min

Disgraced Theranos founder Elizabeth Holmes has been sentenced to 11.25 years in prison with 3 years of supervised release. On Friday, federal judge Edward Davila handed down a prison sentence of 135 months, or 11.25 years, with 3 years of supervised release for the 38-year-old founder and former CEO of Theranos. Davila concluded the loss to investors in share value was $121 million, saying Theranos' stock would have been cheaper by that much if not for Holmes' fraud. Prosecutors, meanwhile, wanted a 15-year prison sentence and $800 million in restitution. Balwani was convicted in July on all 12 counts brought against him.

☆ MH17 verdict: 2 Russians, 1 Ukrainian convicted of murders
▼ + stars: | 2022-11-17 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

A Dutch court on Thursday convicted two Russians and a pro-Moscow Ukrainian separatist in absentia of the murders of 298 people who died in the 2014 downing of Malaysia Airlines flight MH17 over Ukraine. None of the defendants appeared for the trial that began in March 2020 and if they are convicted, it’s unlikely they will serve any sentence anytime soon. “The truth on the table — that is the most important thing,” said Anton Kotte, who lost his son, daughter-in-law and his 6-year-old grandson when MH17 was shot down. The most senior defendant convicted is Igor Girkin, a 51-year-old former colonel in Russia’s Federal Security Service, or FSB. Oleg Pulatovis the only one of the suspects who was acquited represented by defense lawyers at the trial.

☆ Top Employee of Crypto Exchange BitMEX Sentenced Over U.S. Charge
▼ + stars: | 2022-11-17 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

A top employee at cryptocurrency derivatives trading exchange BitMEX was sentenced to 12 months probation Wednesday in federal court in Manhattan after pleading guilty to violating U.S. anti-money-laundering rules. U.S. prosecutors alleged Mr. Dwyer and the exchange’s founders failed to implement anti-money-laundering and know-your-customer programs, as required by U.S. law. Under the plea agreement, Mr. Dwyer also agreed to pay $150,000 in fines. “The government’s heavy-handed approach with respect to the prosecution of Mr. Dwyer is regrettable, and Mr. Dwyer is relieved to have this matter behind him and looks forward to getting on with his life, both personally and professionally,” a spokesperson for Mr. Dwyer said in an email Thursday. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance.

A Chinese intelligence officer convicted of conspiring and attempting to steal sensitive trade secrets from a U.S. company was sentenced Wednesday to 20 years in federal prison. The Justice Department had asked that Yanjun Xu, 42, get 25 years behind bars for his "very extensive" yearslong scheme to steal secrets from U.S. aviation companies. Luke Sharrett / Bloomberg via Getty Images fileXu is the first Chinese intelligence officer to be extradited to the U.S. to face criminal charges, Justice Department officials said. "Xu targeted multiple employees at multiple international aviation companies over multiple years. They noted that his scheme to steal secrets from GE wasn’t successful and said he was just following his country's orders.

☆ Dutch court convicts 2 Russians, 1 Ukrainian of murder in 2014 Malaysian jet downing over Ukraine
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: +4 min

President of the court Steenhuis (2ndL) talks prior to verdict in the trial of four men prosecuted for their involvement in the MH17 downing case, in Badhoevedorp on November 17, 2022. A Dutch court on Thursday convicted two Russians and a pro-Moscow Ukrainian separatist in absentia of the murders of 298 people who died in the 2014 downing of Malaysia Airlines flight MH17 over Ukraine and sentenced them to life imprisonment. Outside the court, planes could be heard taking off and landing nearby on a cold, gray day. Oleg Pulatovis the only one of the suspects who was acquited represented by defense lawyers at the trial. They accused prosecutors of "tunnel vision" in basing their case on the findings of an international investigation into the downing while ignoring other possible causes.

☆ Former Italian PM Berlusconi acquitted in bribery case
▼ + stars: | 2022-11-17 | by ( Marco Carta | ) www.reuters.com time to read: +2 min

ROME, Nov 17 (Reuters) - An Italian court on Thursday acquitted former prime minister Silvio Berlusconi of bribing a witness in a 2013 underage prostitution case, giving a boost to the veteran politician weeks after his return to parliament. party that is backing Prime Minister Giorgia Meloni's newly installed government, was eventually acquitted in that case. Berlusconi was eventually excluded from parliament in 2013 after his conviction in a tax fraud case. In a separate case pending at a Milan court, Berlusconi is accused of bribing 24 witnesses, mostly young guests at his evening parties. Last year a court in Siena acquitted Berlusconi of allegedly bribing another witness to his parties.

☆ Far-right extremist guided 'army' of rioters to Pelosi's office on Jan. 6 , prosecutors tell jury
▼ + stars: | 2022-11-16 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

WASHINGTON — A far-right extremist charged with aiding and abetting the theft of a laptop from Nancy Pelosi's office during the Jan. 6 Capitol attack, "led an army" towards the House Speaker's suite, prosecutors told jurors during closing arguments on Wednesday. Video features her encouraging rioters to take a laptop inside Pelosi's office, and urging the mob to push up against officers inside the Capitol rotunda. Williams, both prosecutors and the defense agreed, was obsessed with Nick Fuentes and his group the "Groypers," a far-right, white nationalist movement. To prosecutors, Williams was a leader who directed the mob. Williams was "surprised to be where she was" in Pelosi's office, Ulrich said.

When she arrived, Weinstein had no interest in discussing her projects, Siebel Newsom said. Siebel Newsom said Weinstein got her onto a bed, though she cannot recall if he carried or dragged her there. Siebel Newsom's attorney confirmed in October that Siebel Newsom would testify in the case. At the time of the meeting with Siebel Newsom, she had not met her future husband, current California Gov. In cross-examination, Weinstein attorney Mark Werksman questioned Siebel Newsom about why her husband had accepted campaign donations from the producer.

Rudy Giuliani will not face criminal charges in a grand jury investigation that looked into whether he violated U.S. lobbying laws in his dealings with Ukraine, prosecutors said Monday. Ambassador to Ukraine Marie Yovanovitch and whether he ran afoul of the Foreign Agents Registration Act. Robert Costello, Giuliani’s attorney, told NBC News that he and his client are pleased with the formal decision not to bring charges in that investigation is now public. Costello, a former U.S. attorney in the office Giuliani once led, said Monday that it was unusual for prosecutors to release letters like the court filing revealing no charges against Giuliani. The judge presiding over that case, Arthur Engoron, said a decision outlining her specific "duties, powers and fees will be "forthcoming shortly."

☆ FTX, Sam Bankman-Fried Sit in the Crosshairs of U.S. Prosecutors
▼ + stars: | 2022-11-14 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

FTX’s offshore status and its willingness to keep American traders off its Bahamas-based exchange in large part shielded the company from strict U.S. laws that govern trading and how investments can be sold to the public. But FTX’s implosion last week and reports that it used customer funds to back an affiliate’s risky venture investments have exposed the company and its founder to potential criminal liability, according to attorneys who specialize in white-collar criminal law.

Under federal law, a president can retain personal records after leaving office, but these must be unrelated to official work. It is not clear from the redacted court filings exactly which documents Trump is claiming as personal. The department said Trump cannot assert executive privilege over any documents he has claimed as personal records because any such records must be unrelated to official duties. The Justice Department is appealing Cannon's decision to appoint a special master, telling the Atlanta-based 11th U.S. Cannon initially barred the department from using all of the seized records for its criminal investigation until Dearie's review is complete.

Search resuls for: ". Prosecutors"

25 mentions found