All Posts Tagged Tag: ‘Department of Justice’

Netflix Was a Big Part of Why Regulators Hated Comcast/TWC Merger

By now you’ve probably heard that Comcast has abandoned its push to acquire Time Warner Cable, due to looming concerns that both the Department of Justice’s antitrust division and the Federal Communications Commission were poised to recommend it blocked. “Today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured …

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Comcast / Time Warner Cable Merger Is Dead, Officially

It’s official. Comcast has announced it has abandoned its efforts to acquire Time Warner Cable, in a deal that would’ve been valued at around $45 billion. This follows reports on Thursday that said the Department of Justice and Federal Communications Commission were both gearing up to recommend against the deal. If the merger had been approved, the Comcast-TWC behemoth would’ve …

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Comcast Is Giving Up on Its TWC Deal: Report

Comcast is planning to kill its proposed acquisition of Time Warner Cable before the feds can kill it first. Bloomberg is quoting sources who say that Comcast is ready to back away from the merger, which would be valued at around $45 billion. This comes on the heels of reports that the FCC had proposed a “hearing designation order” for …

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Elizabeth Warren, Al Franken Among Six Senators Urging a Swift Death for the Comcast/Time Warner Merger

In a letter addressed to Federal Communications Commission Chairman Tom Wheeler and Attorney General Eric Holder, six Senators are urging the blockage of Comcast’s proposed merger with Time Warner Cable. The letter comes just one day before representatives from Comcast and Time Warner Cable are set to meet with DoJ antitrust officials in the hopes of saving a deal that …

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Comcast, TWC Will Meet with Regulators to Try to Save Deal

With their proposed merger on shaky ground, representatives from Comcast and Time Warner Cable are planning to meet with Justice Department officials in the hopes of negotiating a pathway for the deal to proceed. This will be the first such meeting between the cable companies and regulators since the merger was announced. The Wall Street Journal Reports that Comcast will …

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Regulators Ready to Kill Comcast / TWC Merger: Report

One of the regulatory agencies looking over the proposed Comcast / Time Warner Cable merger may be about to give it the thumbs down, citing concerns over potential harm to customers. Bloomberg cites the ubiquitous “people familiar with the matter” in saying that antitrust lawyers at the Department of Justice are poised to recommend against the merger. From Bloomberg: Attorneys …

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Antitrust Prosecution Comes To E-Commerce

The U.S. Department of Justice announced that it has charged a former e-commerce executive with price fixing, in what would be the DoJ’s antitrust division’s first online marketplace prosecution. The defendant is charged with price fixing in violation of the Sherman Act, which carries a maximum sentence of 10 years and a fine of $1 million for individuals. David Topkins, …

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Three Men Charged in Biggest Email Data Breach in History

An unsealed indictment reveals that the US Justice Department has charged three men in what it is calling “one of the largest reported data breaches in US history. It is, in fact, that biggest email data breach ever. “These men — operating from Vietnam, the Netherlands, and Canada — are accused of carrying out the largest data breach of names …

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Al Franken Pens Letter To DOJ On ISIS Recruitment

Al Franken has taken a bit of a stand recently to bring attention to ISIS (also known as ISIL or the Islamic state) efforts to recruit members inside the US and to disallow those who have associations with the terror group to return to the US, according to CBS. He stated, “In my experience, no one is more upset about …

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Amber Alerts: Do They Save Lives?

In 1996, nine-year-old Amber Hagerman was abducted while riding her bicycle in Arlington, Texas. Her body was found four days later in a storm drainage ditch. Her murder has never been solved. In the years that followed, Amber’s family and friends worked tirelessly, not only to try to find her murderer, but to help ensure that such a thing never …

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Credit Suisse Pleads Guilty to U.S. Tax Evasion

Swiss banking firm Credit Suisse this week pleaded guilty to U.S. tax evasion charges. According to the U.S. Department of Justice, Credit Suisse is the largest bank to plead guilty to such charges in over two decades. The case surrounds a years-long investigation by the U.S. government into a conspiracy to aid U.S. taxpayers in avoiding taxes. The charges allege …

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Student Loans: Sallie Mae To Refund Military Members Who Paid Too Much Interest

Student loans are already bad enough, but the interest rates are what kills most graduates trying to pay it all back. With interest rates capped at 6 percen for military members, it’s not as bad as it could be. Unfortunately for some, their interest rates were not capped at the federal maximum. For those suffering under the burden of high …

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Bridgestone Executive Jailed For Price Fixing

Bridgestone executive Yusuke Shimasaki this week pleaded guilty to charges related to an international car part price-fixing and bid-rigging conspiracy. Two other Bridgestone executives, Yasuo Tyuto and Isao Yoshida, were also indicted this week for their roles in the conspiracy. Shimasaki will serve one year and six months in prison and pay a $20,000 fine. As part of the plea …

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App Pirates Guilty of Copyright Infringement

Back in January the U.S. charged four people in connection with pirate app stores developed for Android devices. Now all four of these defendants has pleaded guilty to charges of conspiracy to commit criminal copyright infringement. The cases represent the U.S. Justice Department’s first cases against alleged mobile app pirates, and now appear to have been a success. Thomas Pace …

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HP to Pay $108 Million Over Bribery and Money Laundering Charges

Hewlett-Packard this week agreed to pay $108 million to the U.S. Securities and Exchange Commission and the U.S. Department of Justice to settle money laundering and bribery charges. The charges were brought against HP for violations of the Foreign Corrupt Practices Act. According to the charges, the company’s subsidiaries provided substantial bribes to officials in foreign countries to secure IT …

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Alabama Sheriff Guilty of Beating Door-to-Door Salesman

An Alabama county sheriff has pleaded guilty to beating an unarmed, handcuffed man. According to the U.S. Department of Justice, Keith McCray, a criminal investigator at the Macon County, Alabama Sheriff’s Office, admitted to violating the civil rights of the prisoner on Independence Day last year. McCray has been found guilty of one felony count of deprivation of rights under …

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Albuquerque Protests Turn Violent

Earlier this month, James Boyd, age 38, was confronted by police officers for illegally camping in the Sandia Foothills in Albuquerque, New Mexico. After a somewhat brief standoff, Boyd and the officers had come to a peaceful agreement of sorts. “All right, don’t change up the agreement,” stated Boyd as he began to gather his belongings. “I’m going to try …

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Texas County Commissioner Charged For Bribery

The saying goes that all politics are local. Whether or not this is true, it is clear that all politicians, from the U.S. congress down to the mayors of small towns, are susceptible to corruption. With so much money riding on political decisions, the most common type of corruption is undoubtedly bribery. While taking a little extra on the side …

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Toyota Settlement Pays $1.2 Billion to the U.S.

The U.S. Department of Justice today announced that Toyota Motor Corporation has agreed to pay $1.2 billion to the U.S. to settle a criminal wire fraud charge. It is the largest financial penalty of this kind imposed by the U.S. on a vehicle manufacturer. The settlement surrounds the well-publicized recall of Toyota and Lexus vehicles over manufacturing errors that could …

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Another Soldier Sentenced For Afghanistan Fuel Theft

U.S. Army Sergeant Kevin Bilal Abdullah has been sentenced to one year, one day in prison for his role in fuel thefts at Forward Operating Base (FOB) Fenty in Afghanistan. Abdullah pleaded guilty to bribery and conspiracy to commit bribery in August 2013 for receiving bribes in exchange for helping to steal fuel during his time in Afghanistan. Abdullah is …

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Sex Pic Extortion Lands Man in Prison

A federal court today sentenced 23-year-old John Bryan Villegas of Kittery, Maine to two years, nine months in prison for what has become known colloquially as “sextortion.” Villegas pleaded guilty last year to cyber stalking for using sexually explicit material to extort a Dover, New Hampshire woman. The matter was escalated to a federal matter due to the fact that …

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Attorney General Calls For Lower Drug Sentences

Attorney General Eric Holder today testified before the U.S. Sentencing Commission and endorsed less strict sentencing for most drug offenders. A proposal by the commission outlined in January and would lower the base offense matched to drug trafficking quantities by two levels. The commission is expected to vote on the proposal sometime in April. The commission estimates that the proposal …

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Swiss Banker Found Guilty of IRS Fraud

The Swiss banking system, and Swiss bankers in particular, were portrayed in the 2013 Oscar-nominated Scorsese movie The Wolf of Wall Street as outright corrupt. Though the movie, its events, and its characters are based on real-life events, Jean Dujardin’s Swiss banker in the movie (based on real-life banker Jean-Jacques Handali) matches the long-held Hollywood stereotype of a Swiss banker. …

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Religious Discrimination Lawsuit Filed Over Teacher’s Beard

The U.S. Department of Justice this week announced that it has filed a lawsuit against the School District of Philadelphia over a religious discrimination claim. According to the Justice Department, the school district violated Title VII of the Civil Rights Act by requiring Siddiq Abu-Bakr to cut or shave his beard. Abu-Bakr has been a school police officer in the …

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$458 Million of Former Nigerian Dictator’s Funds Frozen

The U.S. Department of Justice today announced that it has frozen over $458 million in funds linked to the corrupt Sani Abacha leadership of Nigeria. The department is referring to the seizure as the “largest kleptocracy forfeiture action” in the history of the Justice Department. Abacha was the dictator of Nigeria from 1993 until his death in 1998. During his …

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Three Men Sentenced For Smuggling Grenade Launchers

Three men were sentenced this week in a California District Court for illegally importing high-powered military hardware into the U.S. The smuggled items included grenade launchers, machine guns, and ballistic vests. The three men, Sergio Syjuco, Cesar Ubaldo, and Arjyl Revereza, are all Philippine nationals from Manila. According to court documents, the men conspired to smuggle the powerful weaponry into …

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Another Soldier Found Guilty of Afghanistan Fuel Theft

U.S. Army Sergeant Alber Kelly III today pleaded guilty to charges related to the theft of fuel from the U.S. Army in Afghanistan. Kelly was stationed at Forward Operating Base Salerno in Afghanistan from 2011 until 2012, assigned to oversee the delivery of fuel into the base. Kelly was in charge of verifying and documenting the total amounts of fuel …

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Vector Settles Inflated Navy Contract Claims For $6.5 Million

The U.S. Department of Justice today announced yet another settlement for a military contractor caught inflating or falsifying U.S. military contract claims. Vector Planning and Services Inc. (VPSI), an IT and consulting firm based in Virginia today agreed to pay $6.5 million to settle violations of the False Claims Act. The company was accused of submitting inflated claims for contracts …

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Man Convicted of Narwhal Tusk Smuggling

A federal jury has found Andrew Zarauskas of Union, New Jersey guilty on a variety of charges associated with smuggling narwhal tusks. Zarauskas was found guilty of conspiracy, money laundering, and smuggling for illegally importing narwhal tusks into the U.S. Narwhals are a protected endangered species, making their tusks and other parts illegal for import into the U.S. without the …

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Bridgestone fined $425 Million For Price Fixing

The U.S. Department of Justice today announced that Bridgestone Corp has agreed to plead guilty to charges related to automotive industry price fixing. The company will pay a $425 million fine for colluding to artificially raise prices on certain rubber vehicle parts. In agreeing to plead guilty, Bridgestone has admitted that it was part of a conspiracy to rig bids …

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