Business

Apple’s former securities lawyer pleads for securities fraud for insider trading

A former Apple lawyer who was in charge of preventing insider trading has pleaded guilty to six counts of securities fraud for insider trading, according to a Department of Justice (DOJ) press release. Gene Levoff, once the company’s former corporate secretary and director of corporate law, “misappropriated material, nonpublic information about Apple’s financial results and …

Apple’s former securities lawyer pleads for securities fraud for insider trading Read More »

Justice Department Announces Enforcement Action Charging Six Individuals with Cryptocurrency Fraud Offenses in Cases Involving Over $100 Million in Intended Losses | OPA

The Department of Justice, together with federal law enforcement partners, today announced criminal charges against six defendants in four separate cases for their alleged involvement in cryptocurrency-related fraud, including the largest known Non-Fungible Token (NFT) scheme charged to date, a fraudulent investment fund that purportedly traded on cryptocurrency exchanges, a global Ponzi scheme involving the …

Justice Department Announces Enforcement Action Charging Six Individuals with Cryptocurrency Fraud Offenses in Cases Involving Over $100 Million in Intended Losses | OPA Read More »

CFTC Cites $1.7 Billion MLM In Its ‘Largest Fraud Scheme Case Involving Bitcoin’

The Commodity Futures Trading Commission filed a lawsuit today against Cornelius Johannes Steynberg and Mirror Trading International Proprietary Limited (MTI), charging them with fraud and registration violations. The complaints Steynberg of engaging in an international fraudulent multilevel marketing (MLM) scheme that brought in 29,421 BTC, worth over $1.7 billion. The agency says Steynberg also used …

CFTC Cites $1.7 Billion MLM In Its ‘Largest Fraud Scheme Case Involving Bitcoin’ Read More »

American Airlines offers pilots nearly 17% raises in new contract proposal

Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters American Airlines CEO Robert Isom on Thursday said the carrier has offered its pilots pay raises totaling nearly 17% under a new contract, according to an internal video seen by CNBC. The latest proposal to the pilots’ union, …

American Airlines offers pilots nearly 17% raises in new contract proposal Read More »

More than 1,200 Delta pilots picket at 7 major airports to call for higher pay : NPR

Delta pilots engaged in demonstrations at seven airports around the US on Thursday calling for higher pay, among other things. This photo was taken at Salt Lake City International Airport. Reed Donoghue hide caption toggle caption Reed Donoghue Delta pilots engaged in demonstrations at seven airports around the US on Thursday calling for higher pay, …

More than 1,200 Delta pilots picket at 7 major airports to call for higher pay : NPR Read More »

Uber Safety Report Says Sexual Assaults Down but Rate of Traffic Deaths Up

Uber said in a safety report on Thursday that sexual assaults in its ride-hailing vehicles were down significantly since its last report but that the rate of fatal car crashes had increased. The company said 3,824 sexual assaults were reported on its US platform in 2019 and 2020, while 20 people were killed in assaults …

Uber Safety Report Says Sexual Assaults Down but Rate of Traffic Deaths Up Read More »

The FCC authorizes SpaceX’s Starlink system to be used on vehicles in motion

Today, the Federal Communications Commission (FCC) granted SpaceX authorization to use its Starlink satellite internet system on vehicles in motion — including cars, trucks, boats, and aircraft. It’s a big win for SpaceX’s Starlink system, potentially opening up the service to a more diverse range of use cases and customers. SpaceX requested regulatory approval from …

The FCC authorizes SpaceX’s Starlink system to be used on vehicles in motion Read More »

You may want to rethink your summer travel plans. Here’s why.

Anyone looking for a summer getaway is likely to find themselves caught in a chaotic web of canceled flights, pricey rental cars or fully booked hotels. The prospect of getting from point A to point B without an expensive headache may seem all but impossible. Consider this: On Wednesday, 639 flights within, into, or out …

You may want to rethink your summer travel plans. Here’s why. Read More »

Internal Facebook me warnsmo company must be disciplined, prioritize

Chris Cox, Chief Product Officer, Meta, speaking the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Facebook-parent Meta has warned employees to expect a tough second half of the year as the company continues to weather challenges related to its core online advertising business amid a weakening economy. Meta chief product …

Internal Facebook me warnsmo company must be disciplined, prioritize Read More »