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☆ How scammers used 'social engineering' to steal over $1 million from an Idaho town of less than 4,000 people
▼ + stars: | 2024-06-08 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Scammers tricked Gooding, Idaho employees into sending over $1 million to fake contractors. The payment was intended for a wastewater project but was diverted into the criminal's account. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Officials in Gooding said this week that an employee sent a payment of $1,092,519 meant for contractors working on a wastewater project, but it went to scammers instead. According to a city press release, the scammers impersonated representatives of a contractor hired by city officials, using a tactic called "social engineering" to gain the employee's trust.

Persons: Scammers, Gooding Organizations: FBI, Service, Business Locations: Gooding, Idaho, scammers

☆ Caitlin Clark: Iowa’s NCAA record-breaking basketball supernova who everyone is talking about
▼ + stars: | 2024-02-28 | by ( Ben Morse | ) edition.cnn.com time to read: +10 min

In her third season with the team, Iowa reached its first ever NCAA women’s basketball national championship game, though the Hawkeyes eventually lost to LSU. Jensen remembers Clark saying, “Now, what else can we do?” moments after becoming the all-time top scorer in collegiate women’s basketball. I would love to see that.”Clark signs an autograph after becoming the all-time NCAA women's college basketball top scorer. Matthew Putney/APWhat is undeniable are the eyeballs Clark has brought to college women’s basketball. Reese's gesture toward Clark during the second half of the 2023 NCAA women’s basketball national championship game became one of the biggest talking points of the college basketball season.

Persons: CNN — Clark, Caitlin Clark, ’, She’s, Clark, Pete Maravich, Pete ’ –, Maravich’s, Angel Reese, –, Kelsey Plum's, Matthew Putney, Christyn Williams, Carmen Mandato, Steph Curry, Sabrina Ionescu, skillset, Jan Jensen, Jensen, Joseph Cress, Zion Williamson, Kelsey Plum, Anthony Davis, Maya Moore, Allen Iverson, Brittney Griner, Shaquille O’Neal, – Clark, ‘ Stephen, Sabrina ’ –, “ Let’s, Reggie Miller, Damian Lillard, Steph, Sabrina, who’s, Dame, ” Clark, Caitlin, ” Jensen, she’s, Matthew Holst, LSU’s Reese, Reese, John Cena, Tony Gutierrez, Sheryl Swoopes –, Swoopes –, ”, Sheryl Swoopes, Jay Williams, “, “ I’m, doesn’t, WILT, … — Dick Vitale, @DickieV, Dick Vitale, Wilt Chamberlain Organizations: CNN, NCAA, Clark’s University of Iowa, Gatorade, Nike, State Farm, Louisiana State, LSU Tigers, Hawkeyes, Iowa, LSU, UConn Huskies, NBA, WNBA, Michigan, Iowa City Press, Citizen, USA, Indiana Fever, Hall of Famer, Carver, WWE, ESPN, Duke Blue Devils, FAIR Locations: men’s, Des Moines , Iowa, Iowa, ‘

A jury found Sam Bankman-Fried guilty of financial crimes in his five-week Manhattan trial. The defense said Bankman-Fried simply didn't know and his executives were to blame. AdvertisementAdvertisementA jury found Sam Bankman-Fried guilty of seven counts of fraud and conspiracy in his criminal trial in Manhattan federal court after deliberating for about four and a half hours on Thursday. AdvertisementAdvertisementCharges against Bankman-Fried included wire fraud, conspiracy to commit wire fraud, conspiracy to commit securities fraud, conspiracy to commit commodities fraud, and conspiracy to commit money laundering. Ellison – along with execs Gary Wang and Nishad Singh – pleaded guilty to wire fraud and conspiracy charges and testified against Bankman-Fried at the trial, each emphasizing how they committed crimes at Bankman-Fried's direction.

Persons: Sam Bankman, —, Caroline Ellison, Ellison –, execs Gary Wang, Nishad Singh –, Fried Organizations: Prosecutors, Service, Inner City Press, Alameda Research, Washington , D.C, Bankman, Alameda Locations: Manhattan, Bahamas, Washington ,, FTX, Alameda, Bankman

Caroline Ellison got into the wrong car as she departed from the courthouse on Tuesday. A picture from the scene shows her shocked and panicked expression as she realized her mistake. The blunder illustrates the media circus around Sam Bankman-Fried's criminal trial. AdvertisementAdvertisementCaroline Ellison has had a chaotic few days since she began testifying in the criminal trial of her ex-boyfriend Sam Bankman-Fried. A picture from the scene shows Ellison's seemingly panicked expression as she realized she'd gotten into the wrong vehicle.

Persons: Caroline Ellison, Sam Bankman, —, Ellison, she'd, Ellison's, Eduardo Munoz Alvarez, Fried Organizations: Service, InnerCity Press, Alameda Research, Prosecutors Locations: Manhattan

OKLAHOMA CITY (AP) — Oklahoma City Mayor David Holt unveiled a proposal Tuesday for a new $900 million downtown arena that would keep the NBA’s Thunder in the city through at least 2050 if approved by voters. The deal calls for at least $900 million to be spent constructing the new arena. According to a city press release, the proposal will be presented to the nine-member Oklahoma City Council on Sept. 26. If approved, Holt says the Thunder will play in the new arena for at least 25 years. “For a generation, we will retain the economic impact and quality-of-life benefits we have enjoyed as a big-league city.”Political Cartoons View All 1154 ImagesThe NBA franchise moved to Oklahoma City in 2008 from Seattle.

Persons: David Holt, Holt Organizations: OKLAHOMA CITY, Oklahoma City, Thunder, Oklahoma City Council, NBA Locations: Oklahoma, Seattle

☆ The lawyer who used ChatGPT's fake legal cases in court said he was 'duped' by the AI, but a judge questioned how he didn't spot the 'legal gibberish'
▼ + stars: | 2023-06-08 | by ( Paul Squire | ) www.businessinsider.com time to read: +3 min

A lawyer used ChatGPT to help search for legal cases to write an affidavit backing his lawsuit. The AI hallucinated six fake cases, per a federal judge, which the lawyer included in the filing. US District Court Judge P. Kevin Castel asked lawyer Steven Schwartz of personal injury law firm Levidow, Levidow & Oberman, according to Inner City Press. The court filing included six court cases that were "bogus judicial decisions with bogus quotes and bogus internal citations," Castel wrote in a previous court order. "I have worked with Mr. Schwartz for 27 years," LoDuca said in court, Inner City Press reported.

Persons: —, didn't, Matthew Russell Lee, P, Kevin Castel, Steven Schwartz, Levidow, Schwartz, Peter LoDuca, Castel, Varghese, LoDuca Organizations: Service, Inner City Press, Google, City Press, Mr Locations: New York

☆ A history of Mike Pence's Harley-Davidson motorcycle rides
▼ + stars: | 2023-06-04 | by ( Rebecca Harrington | ) www.businessinsider.com time to read: +3 min

Former VP Mike Pence rode a Harley-Davidson for the "Roast and Ride" event in Iowa on Saturday. US Sen. Joni Ernst, R-Iowa, right, and former Vice President Mike Pence ride motorcycles on the way to the Iowa State Fairgrounds in Des Moines, Iowa., Saturday, June 3, 2023, during Ernst's Roast and Ride. Former Vice President Mike Pence rides a motorcycle during US Sen. Joni Ernst's Roast and Ride, Saturday, June 3, 2023, in Des Moines, Iowa. Mike Pence participates in the Annual Governor's Motorcycle Ride to benefit the Indiana National Guard Relief Fund in Fountaintown, Ind., Friday, July 29, 2016. Trump and Pence stand next to a Harley Davidson motorcycle on the South Lawn of the White House after meeting with company executives, February 2, 2017.

Persons: Mike Pence, Davidson, He's, Pence, —, Sen, Joni Ernst, Ron DeSantis, US Sen, Joseph Cress, Harley, Joni Ernst's, Michael Conroy, Donald Trump's, Trump, Harley Davidson, Pablo Martinez Monsivais, Pence didn't Organizations: White, Service, Florida Gov, US, Iowa State Fairgrounds, Iowa City Press, Citizen, AP, Harley, Indianapolis Star, Indiana cornfields, Republican, Indiana Gov, Indiana National Guard Relief Locations: Iowa, Indiana, Des Moines , Iowa, Fountaintown, Ind, Milwaukee , Wisconsin, America

☆ Who are the two people who helped bail out Sam Bankman-Fried? Insider and other media organizations are asking a judge to unveil the secret
▼ + stars: | 2023-01-12 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

News organizations, including Insider, are asking a court to unveil Sam Bankman-Fried's bail backers. Bankman-Fried's lawyers told the court earlier this month that the backers of his release should stay secret for their "privacy and safety." At Bankman-Fried's January 3 arraignment hearing, Kaplan had granted a request from Bankman-Fried's lawyers to keep the names and addresses of those two people under seal. Christian Everdell, one of Bankman-Fried's lawyers, also represented Maxwell in her criminal case. But lawyers representing the media organizations said the cases were significantly different.

☆ Who are the 2 people who helped bail out Sam Bankman-Fried? Insider and other news organizations asked a judge to unseal their names.
▼ + stars: | 2023-01-12 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

News organizations, including Insider, are asking a court to unveil Sam Bankman-Fried's bail backers. Bankman-Fried's lawyers told the court earlier this month that the backers of his release should stay secret for their "privacy and safety." The two other backers sponsored "separate bonds in lesser amounts," according to a court filing earlier this month by Bankman-Fried's lawyers. At Bankman-Fried's January 3 arraignment hearing, Kaplan had granted a request from Bankman-Fried's lawyers to keep the names and addresses of those two people under seal. Christian Everdell, one of Bankman-Fried's lawyers, also represented Maxwell in her criminal case.

☆ FTX lawyers have recovered $5 billion in assets
▼ + stars: | 2023-01-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —FTX officials overseeing its bankruptcy have recovered more than $5 billion in cash and other liquid assets that may be used to help repay creditors, a lawyer for the failed crypto firm said during a bankruptcy court hearing Wednesday. That disclosure significantly raises the estimated amount of funds FTX claims to hold. Last month, FTX lawyers submitted filings that showed the company and its affiliates had a total of $1.2 billion in cash. The lawyers also said they had identified more than 9 million creditors — far more than earlier estimates of around 1 million. FTX founder Sam Bankman-Fried arrives pleaded not guilty to fraud and conspiracy charges in Manhattan on January 3.

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