Monthly Archives: March 2014

New exchange leaves Bitcoin regulation up to Wall Street bankers

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“Mere hours after the Japan-based Mt. Gox seemingly vanished from the Internet, a new exchange was unexpectedly announced. SecondMarket, an alternative online marketplace currently operating the world’s largest Bitcoin investment vehicle, declared its intention to introduce a fully regulated Bitcoin trading hub. The decision to announce, according to founder and CEO Barry Silbert, was directly influenced by the turmoil surrounding Mt. Gox.  The new company will reportedly be governed by regulators and major banks, will provide clearing services, and include a self-regulatory organization, similar to the Financial Industry Regulatory Authority (FINRA).”

http://www.dailydot.com/news/secondmarket-bitcoin-trading-mt-gox-wall-street/

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Target’s Big Credit Card Hack Might Involve Even More Retailers

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“The Wall Street Journal reports that Verizon Communications is investigating similar security breaches at two more as-yet-unnamed retailers that occurred around the same time as the massive Target credit card hack late last year. The two retailers affected by the newly-discovered attack have not yet announced the event to customers.  Verizon’s Bryan Sartin did not directly link the newly-discovered hacking events to the Target breach. But in an interview with WSJ, he hinted that the same entity might have been involved in all three retailers’ attacks.”

http://gizmodo.com/report-targets-big-credit-card-hack-might-involve-eve-1531837565

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Man poses as relative, orders friend off life support

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“A Central Florida Navy veteran’s death raises serious questions about whether a local hospital verified the identity of a man who authorized doctors to discontinue his life support.  The MacKinnon family attorney showed WESH 2 News a ‘do not resuscitate’ order Leclair signed, identifying himself as MacKinnon’s stepbrother. And on a ‘withdrawal of life support’ order, Leclair claimed to be MacKinnon’s brother. Partridge says the hospital never asked for proof of Leclair’s identity.  DeLand police say Leclair had been named beneficiary to MacKinnon’s bank account, and after the widower’s death, he collected $106,000.”

http://www.wesh.com/news/central-florida/tonight-at-6-pm-man-poses-as-buddys-brother-orders-friend-off-life-support/24677924

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Citigroup Victim Of $400 Million Mexican Fraud

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“Not for the first time, Citigroup has stepped into a mess. The problem is that the lender has been cheated out of the cash in one of the most basic businesses in banking. That should worry Citigroup’s rivals, too.  Citigroup’s latest slip emerges from the usually sleepy world of accounts receivable. This is the unit that makes short-term loans while clients wait for money owed to them by other companies to arrive. In this case, by the end of 2013, Citigroup thought it had lent Oceanografia, a Mexican oil-services firm, $585 million to cover any shortfalls while it waited for the state oil company Pemex to pay some bills.  Citigroup has now worked out that only $185 million of the invoices were valid.”

http://dealbook.nytimes.com/2014/02/28/a-maelstrom-of-fraud-without-early-warning/?_php=true&_type=blogs&_r=0

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Notices Drafted For Connecticut Owners of Newly ‘Illegal’ Firearms

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“A spokesperson with the Special Licensing and Firearms Unit of the Connecticut Department of Emergency Services and Public Protection told TheBlaze that a letter has been drafted to send to gun owners who are found to be in possession of unregistered semi-automatic rifles deemed illegal by the state’s new gun control law. The spokesperson, who didn’t want to identify herself, refused to comment on the content of the draft letter.  State officials did accept some gun registration applications that were submitted after the Jan. 4 deadline, however, not all late applications were accepted and are now on the state’s radar for owning guns that became illegal overnight.”

http://www.theblaze.com/stories/2014/02/26/is-gun-confiscation-on-the-way-in-connecticut-see-the-notices-the-state-is-reportedly-sending-to-owners-of-illegal-firearms/

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Federal Judge Removes U.S. Muslims from Constitution

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“A reported by the Associated Press’ Tom Hays on Feb 21, a federal judge in Newark, N.J., decided that the New York Police Department has been within its constitutional bounds spying on Muslims at mosques, restaurants, colleges and grade schools in New Jersey since 2002.  Not surprisingly, most of the national media ignored this shocking ruling.  U.S. District Judge William Martini explained that police officers, who also infiltrated the locations they spied on, were trying ‘to locate budding terrorist conspiracies’.  They were tracked only because they were Muslims, and, of course, the surveillance was done without a warrant.”

http://www.cato.org/publications/commentary/federal-judge-removes-us-muslims-constitution

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Dashcam catches cops in unbelievable lies in man’s false arrest

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“Police charged a New Jersey man with resisting arrest and assaulting an officer, but recently revealed footage from a dashboard camera told a different story: Not only did the officers start beating the man for no apparent reason, but they actually crashed one of their vehicles into the man’s car.  Then they allegedly lied about what transpired and suppressed the evidence, but were somehow found innocent during an internal investigation.  Prosecutors, however, dropped all charges against 30-year-old Marcus Jeter, a black man, once they saw the incredible video footage, which fully corroborates Jeter’s side of the story.”

http://dailycaller.com/2014/02/27/dashboard-cam-catches-cops-in-unbelievable-series-of-lies-that-led-to-mans-false-arrest/

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Infuriated Taxpayers Berate School Superintendent for $663,365 Salary

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“Earlier this week, unfortunate residents of the Centinela Valley School District (amid the suburban sprawl of Los Angeles) absolutely reamed district superintendent Jose Fernandez for his laughably exorbitant, perk-filled salary package.  On the backs of local taxpayers, the paper-pushing boss “earns” an annual salary of $665,365, reports KTLA.  In addition to the lucrative paycheck, the school board has also provided a sweetheart mortgage deal to help Fernandez buy his suburban home.  This mortgage benefit – a $910,000 loan at just 2 percent interest – was especially helpful for Fernandez, given his financial troubles. Fernandez recently emerged from bankruptcy.”

http://dailycaller.com/2014/02/27/watch-infuriated-taxpayers-berate-school-superintendent-for-absurd-663365-salary-video/

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Get Positioned to Profit With Cannabis

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“Is there an exciting investment opportunity with medicinal and recreational marijuana? High Alert’s Director of Institutional Research Joseph Hogue, CFA gives an in-depth review of the investment realities of the cannabis sector.”

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Should You Invest in the Marijuana Boom?

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“Legalization is gaining steam across the US, and that’s unlikely to change—if only because, other than citing fake facts, opponents of legalization have no argument.  One thing’s for sure: the investment world is enamored with the idea of a brand-new green industry. So, should you put some speculative money into the hottest cannabis stock? Let’s take a quick tour around the burgeoning industry to get a picture of its investment prospects, focusing on five factors.”

http://www.caseyresearch.com/cdd/should-you-invest-in-the-marijuana-boomi

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