Emily's Feed
Jan 9, 2015

In poor New York neighborhoods, residents ask: Where are the police?

NEW YORK (Reuters) – On the sidewalk of a public housing development in Brooklyn, New York notorious for gang violence and drug activity, the words “Fascist pig, go home!” in black spray paint are fading but still legible.

These are the Marcy Houses, 27 brick H-block buildings, each six stories high, that are home to nearly 4,300 people, many of whom are black or Latino. The rapper Jay-Z, who grew up in the complex, described Marcy as “a block away from hell,” the place where “news cameras never come,” in a song called “Where I’m From.”

Jan 7, 2015

FBI says Sony hackers ‘got sloppy,’ posted from N.Korea addresses

NEW YORK/WASHINGTON, Jan 7 (Reuters) – FBI Director James
Comey said on Wednesday that hackers behind the cyberattack on
Sony Pictures Entertainment provided key clues to their
identity by sometimes posting material from IP addresses used
exclusively by the North Korean government.

The hackers, who called themselves “Guardians of Peace,”
sometimes “got sloppy” and failed to use proxy servers that
would hide their identity, Comey said at the International
Conference on Cyber Security in New York.

Dec 30, 2014

Special Report: How Ameriprise shaped deals so it could sell more securities

NEW YORK (Reuters) – Ameriprise Financial Inc, the third-largest independent U.S. brokerage firm, is using its size and reach to shape risky securities it sells, sometimes in ways that make them riskier.

At least three times in the past two years, the broker-dealer asked issuers of private real estate investment funds to change the structure of their deals so it could sell more of the securities, according to interviews with multiple sources with direct knowledge of Ameriprise’s practices and a review of testimony in an arbitration hearing involving Ameriprise.

Dec 30, 2014

How Ameriprise shaped deals so it could sell more securities

NEW YORK, Dec 30 (Reuters) – Ameriprise Financial Inc
, the third-largest independent U.S. brokerage firm, is
using its size and reach to shape risky securities it sells,
sometimes in ways that make them riskier.

At least three times in the past two years, the
broker-dealer asked issuers of private real estate investment
funds to change the structure of their deals so it could sell
more of the securities, according to interviews with multiple
sources with direct knowledge of Ameriprise’s practices and a
review of testimony in an arbitration hearing involving
Ameriprise.

Dec 19, 2014

Man allegedly used Ponzi scheme proceeds to freeze deceased wife

NEW YORK (Reuters) – A man U.S. prosecutors say bilked investors out of $5 million by telling them he would invest it in commodities and currencies allegedly used some of the money to have his wife cryogenically frozen after she died, according to a court filing on Friday.

A federal grand jury in Manhattan indicted Whileon Chay, 38, with three counts of fraud for soliciting investor funds he said he would manage through a number of businesses, including New York-based 4X Solutions, according to the filing.

Dec 10, 2014

Insider trading cases face uphill path after convictions tossed

NEW YORK, Dec 10 (Reuters) – Insider trading cases may get
much tougher to prosecute after a U.S. appeals court overturned
the convictions of two former hedge fund managers, rocking the
foundations of Manhattan U.S. Attorney Preet Bharara’s Wall
Street crackdown.

The 2nd U.S. Circuit Court of Appeals in New York said
prosecutors presented insufficient evidence to convict Todd
Newman, a former portfolio manager at Diamondback Capital
Management, and Anthony Chiasson, co-founder of Level Global
Investors.

Dec 10, 2014

U.S. court reverses fund managers’ insider trading convictions

NEW YORK (Reuters) – A U.S. appeals court dealt federal
prosecutors a blow in their crackdown on insider trading on Wall
Street on Wednesday, overturning the convictions of two former
hedge fund managers charged with making illegal trades in
technology stocks.

The 2nd U.S. Circuit Court of Appeals in New York said
prosecutors presented insufficient evidence to convict Todd
Newman, a former portfolio manager at Diamondback Capital
Management, and Anthony Chiasson, co-founder of Level Global
Investors.

Dec 3, 2014

Exclusive: Lead prosecutor in ‘London Whale’ cases leaves U.S. government

NEW YORK (Reuters) – The lead prosecutor on pending criminal cases against two former JPMorgan Chase & Co traders involved in the “London Whale” scandal is leaving Manhattan U.S. Attorney Preet Bharara’s office to join a prominent defense firm, according to a statement from the firm viewed by Reuters in advance of its public release.

Eugene Ingoglia will become a partner at Morvillo Law on Thursday. His fraud cases against Javier Martin-Artajo and Julien Grout, two former London-based JPMorgan employees who allegedly tried to cover up trading positions that eventually cost the bank $6.2 billion, have both been slowed by extradition proceedings against Martin-Artajo, who is in Spain. Grout, who is living in France, is not subject to extradition and has so far not come to New York voluntarily.

Dec 3, 2014

Lead prosecutor in ‘London Whale’ cases leaves U.S. government

NEW YORK, Dec 3 (Reuters) – The lead prosecutor on pending
criminal cases against two former JPMorgan Chase & Co
traders involved in the “London Whale” scandal is leaving
Manhattan U.S. Attorney Preet Bharara’s office to join a
prominent defense firm, according to a statement from the firm
viewed by Reuters in advance of its public release.

Eugene Ingoglia will become a partner at Morvillo Law on
Thursday. His fraud cases against Javier Martin-Artajo and
Julien Grout, two former London-based JPMorgan employees who
allegedly tried to cover up trading positions that eventually
cost the bank $6.2 billion, have both been slowed by extradition
proceedings against Martin-Artajo, who is in Spain. Grout, who
is living in France, is not subject to extradition and has so
far not come to New York voluntarily.

Dec 2, 2014

Some Ferguson residents accuse police of aggressive arrest tactics

By Emily Flitter

FERGUSON, MO. (Reuters) – Some Ferguson-area residents arrested during racially charged protests in the Missouri town last week told Reuters they were unlawfully arrested by police and were just trying to get home when they were picked up and taken to jail.

    Reuters was not able to independently verify the allegations from the six individuals interviewed. Their accusations come amid an investigation by U.S. Attorney General Eric Holder into potential civil rights abuses by police in Ferguson during protests that first erupted over the summer following the police shooting of an unarmed black teenager.