Tag Archives: Grabfest

Drone drops drugs into Ohio prison yard, inmate brawl ensues

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“It’s not quite the drone-delivery business model that Amazon is planning to offer.  But a drone carrying heroin, marijuana, and tobacco dropped its payload over a prison yard crowded with inmates, causing a brief melee before authorities stamped out the brawl with pepper spray, according to ODRC.  Local media reported Tuesday that the July 29 melee at the Mansfield Correctional Institution began moments after a drone let loose with the goods. At least nine inmates began fighting over the package while other inmates rushed toward the brawl.  None of the inmates are believed to have gotten away with the 65.4 grams of marijuana, 6.6 grams of heroin and 144.5 grams of tobacco.”

http://arstechnica.com/tech-policy/2015/08/drone-drops-drugs-into-ohio-prison-yard-inmate-brawl-ensues/

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There’s a Good Chance Your Bank Is Committing a Major Crime Right Now

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“You probably will be very surprised to learn who aided and abetted the drug operation: it was US banking giant Wachovia.  After an investigation that took years, Wells Fargo, which now owns Wachovia, paid a $160 million fine to settle the case. You might also be surprised to hear that Wachovia’s fine wasn’t an isolated case.  Citibank was caught laundering money for a Mexican drug kingpin in 2001.  American Express Bank admitted to laundering $55 million in drug money in 2007.  And the FBI accused Bank of America of helping a Mexican drug cartel hide money in 2012.  You’ve probably never heard these stories before. The big banks pay a lot of money to keep it that way.”

http://www.caseyresearch.com/articles/theres-a-good-chance-your-bank-is-committing-a-major-crime-right-now

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Bloomberg Calls for a US Exit Tax

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“Why should the rich get to take all that wealth with them when they move? Why should they be able to walk out of the country with resources that they have accumulated largely by dint of their history in the U.S.? We don’t let them walk out with a share of the mineral wealth of public lands or a piece of the interstate system. Exiting the country with all that property should surely count as theft.  … The rate of the exit tax would reflect the proportion of wealth that is due to the lottery of birth. Of course, rich people have already paid some taxes on that wealth—so, in fairness, the top rate probably wouldn’t go above 50 percent.”

http://www.thedailybell.com/news-analysis/35859/Bloomberg-Calls-for-a-US-Exit-Tax-on-the-Horizon/

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Merck Has Some Explaining To Do Over Its MMR Vaccine Claims

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“Merck, the pharmaceutical giant, is facing a slew of controversies over its Measles-Mumps-Rubella (MMR) vaccine following numerous allegations of wrongdoing from different parties in the medical field, including two former Merck scientists-turned-whistleblowers. A third whistleblower, this one a scientist at the Centers for Disease Control, also promises to bring Merck grief following his confession of misconduct involving the same MMR vaccine.  The controversies will find Merck defending itself and its vaccine in at least two federal court cases after a U.S. District judge earlier this month threw out Merck’s attempts at dismissal.”

http://www.huffingtonpost.ca/lawrence-solomon/merck-whistleblowers_b_5881914.html

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GlaxoSmithKline fined $490m by China for bribery

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“China has fined UK pharmaceuticals firm GlaxoSmithKline $490m (£297m) after a court found it guilty of bribery.  The record penalty follows allegations the drug giant paid out bribes to doctors and hospitals in order to have their products promoted.  The court gave GSK’s former head of Chinese operations, Mark Reilly, a suspended three-year prison sentence and he is set to be deported.  Other GSK executives have also been given suspended jail sentences. Chinese authorities first announced they were investigating GSK in July last year, in what has become the biggest corruption scandal to hit a foreign firm in years.”

http://www.bbc.com/news/business-29274822

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GlaxoSmithKline fined $3bn for bribing doctors to increase drugs sales [2012]

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“The company encouraged sales reps in the US to mis-sell three drugs to doctors and lavished hospitality and kickbacks on those who agreed to write extra prescriptions, including trips to resorts in Bermuda, Jamaica and California.  Psychiatrists and their partners were flown to five-star hotels, on all-expenses-paid trips where speakers, paid up to $2,500 to attend, gave presentations on the drugs. They could enjoy diving, golf, fishing and other extra activities arranged by the company.  GSK also paid for articles on its drugs to appear in medical journals and ‘independent’ doctors were hired by the company to promote the treatments, according to court documents.”

http://www.theguardian.com/business/2012/jul/03/glaxosmithkline-fined-bribing-doctors-pharmaceuticals

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Marriott fined $600K for jamming guests’ Wi-Fi for cybersecurity

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“Marriott agreed to the fine and has instructed its hotels not to use the jamming technology in the way it was used at Opryland, according to the FCC. But the company on Friday defended the blocking of guests’ own Wi-Fi networks in the interest of network security. The company said it is legal to use FCC-approved technology to protect its Wi-Fi service against ‘rogue wireless hotspots that can cause degraded service, insidious cyber-attacks and identity theft,’ adding that hospitals and universities employee similar jamming practices.  At the four Gaylord hotels in the U.S., Marriott today monitors for hotspots causing interference but does not automatically block such connections.”

https://news.yahoo.com/marriott-fined-600-000-jamming-175025789.html

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BitInstant Founder to Forfeit $950K to US Government in Plea Bargain

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“Further details have emerged of former BitInstant CEO Charlie Shrem’s plea bargain with US authorities, which saw him plead guilty to aiding and abetting an unlicensed money-transmitting business on 4th Sept. Shrem and Robert Faiella’s plea bargains, [with the government’s decision to drop a charge of money-laundering,] provide for jail terms of up to 60 months. The guidelines also include a maximum fine of $250,000 or twice the amount of money derived from the crime or double the loss to the victim, whichever is greatest. The Manhattan US Attorney, Preet Bharara, said that Shrem and Faiella sold $1m in bitcoin to ‘outlaws’ on Silk Road.”

http://www.coindesk.com/charlie-shrem-forfeit-950000-us-government-plea-bargain/

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BP found ‘grossly negligent’ in 2010 U.S. spill, facing $18 billion fine

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“A U.S. judge has decided that BP Plc was ‘grossly negligent’ and ‘reckless’ in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $ 18 billion in fines to more than $ 42 billion in charges the company took for the worst offshore environmental disaster in U.S. history. Barbier ruled that BP was mostly at fault and that two other companies in the case, Transocean Ltd and Halliburton, were not as much to blame. The amount is far more than the $ 4.5 billion maximum fine that could have been levied under a simple ‘negligence’ ruling. BP has set aside only $ 3.5 billion for fines under the Clean Water Act.”

http://thebostonjournal.com/2014/09/05/bp-grossly-negligent-in-2010-u-s-spill-fines-could-be-18-billion-2/

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Union Pensions Win, Homeowners Lose in “Victory” Against Banks

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“Perhaps the biggest winners in the largely tax-deductible $16.5 billion U.S. settlement against Bank of America was B of A itself, public employee pension funds, state bureaucrats and political hacks. The State’s CalPERS and CalSTRS public pension funds get a $300 million bailout, making these pension funds whole–despite the pension funds’ own irresponsible investments.  Previously Citibank and JP Morgan Chase gave $299 million and $300 million to CalPERS and CalSTRS. Some unknown portion of $500 million from of B of A will go for direct ‘consumer relief’ such as loan modifications, the rest to low income housing programs run by state bureaucrats and community organizers.”

http://www.highlandnews.net/news/political/article_3b1448dc-31ec-11e4-8df5-0019bb2963f4.html

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