Rajat Gupta, a consummate business insider who once sat on the board of Goldman Sachs Group Inc, was convicted on Friday of leaking secrets about the investment bank at the height of the financial crisis, a major victory for prosecutors seeking to root out illicit trading on Wall Street.
A Manhattan federal court jury delivered the verdict on its second day of deliberations, finding Gupta fed stock tips to his hedge fund manager friend Raj Rajaratnam gleaned from confidential Goldman board meetings. He was found guilty of four of six criminal counts and could face a prison term of up to 25 years.
Ex-business titan Gupta guilty of insider trading
Indiana legalizes shooting cops
Governor Mitch Daniels, a Republican, has authorized changes to a 2006 legislation that legalizes the use of deadly force on a public servant — including an officer of the law — in cases of “unlawful intrusion.” Proponents of both the Second and Fourth Amendments — those that allow for the ownership of firearms and the security against unlawful searches, respectively — are celebrating the update by saying it ensures that residents are protected from authorities that abuse the powers of the badge.
Alabama Adopts First Official State Ban on UN Agenda 21
Alabama became the first state to adopt a tough law protecting private property and due process by prohibiting any government involvement with or participation in a controversial United Nations scheme known as Agenda 21. Activists from across the political spectrum celebrated the measure’s approval as a significant victory against the UN “sustainability” plot, expressing hope that similar sovereignty-preserving measures would be adopted in other states as the nationwide battle heats up.
High court backs Secret Service in case involving Cheney
The Supreme Court said today that Secret Service agents cannot be sued over a 2006 arrest of a man who had heckled then-Vice President Dick Cheney. In a unanimous ruling, the justices said the law on alleged retaliatory arrests is too vague to permit a lawsuit to go forward.
The narrow ruling would appear to affect only this case stemming from a 2006 incident in Beaver Creek, Colorado.
Teen expelled for using stun gun against bullies
A gay teenager who pulled a stun gun on students he said bullied him has been expelled from his Indianapolis high school until January.
Darnell "Dynasty" Young's mother sent her 17-year-old son to school with a stun gun because, she said, administrators didn't do enough to stop the bullying against him.
His mother, Chelisa Grimes, sent her son to school with the stun gun after he said he was taunted and bullied for months.
The Vegas sting: A cunning FBI trap set by a cocaine-addicted stool pigeon ensnared this British businessman and destroyed his life. The only problem? He was innocent
The project had been set up as a fake $15 million deal to arm the presidential guard of the Omar Bongo regime in the West African nation of Gabon. It had been created by the American Department of Justice (DoJ) and run by the FBI (unbeknown to Bongo). They designed it to be a deadly weapon in their arsenal against corruption but the biggest investigation of its type in DoJ-FBI history brought only humiliation, controversy and complete legal defeat.
In February this year the DoJ asked a judge to dismiss all charges made against him with prejudice, which means they can never be revisited. The same was true of his 21 co-accused. In the end, nobody ensnared by the fictitious Gabon deal was convicted.
Spy agency seeks cyber-ops curriculum
The National Security Agency is trying to expand U.S. cyber expertise needed for secret intelligence operations against adversaries on computer networks through a new cyber-ops program at selected universities.
The cyber-ops curriculum is geared to providing the basic education for jobs in intelligence, military and law enforcement that are so secret they will only be revealed to some students and faculty, who need to pass security clearance requirements, during special summer seminars offered by NSA.
More Articles...
Page 123 of 227