Assistant Attorney General Leslie R. Caldwell Rides Again

Saturday, June 26, 2015

Former Senior Executive of Qualcomm Sentenced to 18 Months and Fined $500,000 for Insider Trading and Money Laundering

The former Executive Vice President and President of Global Business Operations for Qualcomm Inc., was sentenced today to 18 months in prison and fined $500,000 for his role in a three-year insider trading scheme.

Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division and U.S. Attorney Laura E. Duffy of the Southern District of California made the announcement.

“Through his position as a high-ranking executive at Qualcomm, Jing Wang gained unique access to information about the company’s earnings and intended acquisitions and illegally exploited that inside information for personal gain,” said Assistant Attorney General Caldwell.  “He then enlisted the services of others – his stock broker and his brother – to cover up the scheme. 

This prosecution demonstrates the Criminal Division’s commitment to holding accountable corporate executives who would undermine the integrity of the financial marketplace.”

“Jing Wang was a powerful insider at one of the world’s top corporations – but he threw it all away to make a few hundred thousand dollars,” said U.S. Attorney Duffy.

 “While Wang has lost his power, his position and his freedom, the real losers here are investors who play by the rules, and our nation’s financial system, which is diminished with every one of these schemes.”

Jing Wang, 52, of Del Mar, California, pleaded guilty in July 2014 to insider trading, money laundering and obstruction of justice for orchestrating a multi-year scheme to trade on the confidential information of Qualcomm and cover up his criminal conduct. 

The sentence was imposed by U.S. District Judge William Q. Hayes of the Southern District of California. 

In connection with his plea, Wang admitted that he made three, separate insider trades using a brokerage account in the name of his British Virgin Island (BVI) shell company, Unicorn Global Enterprises.  First, in early 2010, prior to Qualcomm’s announcement of a dividend increase and stock repurchase, Wang bought company stock valued at approximately $277,000. 

 He also admitted that, in December 2010, while attending Qualcomm’s Board of Directors meeting in Hong Kong, and hours after the Board approved a non-public offer to purchase Atheros, a developer of semiconductors for wireless communications, Wang purchased stock in Atheros.  Wang further admitted that, just a few weeks later, he directed his stockbroker, Gary Yin, to sell the Atheros stock, for approximately $481,000, and purchase Qualcomm stock one day before the company announced record earnings.

Wang also pleaded guilty to money laundering for transferring the illegal proceeds from Unicorn’s account to an account of a new BVI shell company he controlled. 

He further admitted to obstructing justice by creating a false cover story in which he and co-conspirator Yin would blame Wang’s brother Bing Wang, who resides in rural China, for the insider trading and ownership of the Unicorn Account.

 Among other acts, Wang collected incriminating evidence and provided it to Yin to take to China, and arranged meetings between Yin and Bing Wang during which the two rehearsed the false account.                                                                                                

Yin pleaded guilty to conspiring to obstruct justice and launder money, and currently is scheduled to be sentenced on July 17, 2015.  Bing Wang has been charged in connection with the scheme, and is wanted on an international arrest warrant. 

This case was investigated by the FBI’s San Diego Field Office and the Internal Revenue Service-Criminal Investigation’s San Diego Field Division.

 The SEC’s Los Angeles Regional Office provided substantial assistance.  The case is being prosecuted by Trial Attorney James P. McDonald of the Criminal Division’s Fraud Section and Assistant U.S. Attorney Eric J. Beste of the Southern District of California.

LIGEIRINHO DO JARDIM CHOVE BALAS . Senta a pua, desça a lenha: Comente este post ou dê um link do seu site. Since Blogger was launched in 1999, blogs have reshaped the web, impacted politics, shaken up journalism, and enabled millions of people to have a voice and connect with others.

"(...) The earth is a school of blessings where the pain teaches spiritual development and gives rise in the course of fulfillment.
No one there, passing through physical experience without the contribution of cutters sufferings of moral edges. "

LIGEIRINHO DO JARDIM CHOVE BALAS . Senta a pua, desça a lenha: Comente este post ou dê um link do seu site. Since Blogger was launched in 1999, blogs have reshaped the web, impacted politics, shaken up journalism, and enabled millions of people to have a voice and connect with others.

Alcohol, the babies and parents (irresponsible)

Police: Baby dies after left alone in crib for 16 hours

 Saturday 18th October, 2014

(CNN) — A 9-month-old Virginia baby died after she was left alone in her crib for 16 hours while her parents drank, police said.

Prince William Police said Avarice Alexander was put in her crib by her father, Adam Alexander, around 8:30 p.m. on October 4 at the family’s home in Nokesville.

The baby rolled onto her stomach immediately, and no one checked on the infant for over 16 hours, authorities said.

Avarice’s mother, Jasmyne Alexander, returned from work to the home she shared with Adam, his mother and sister around 11:30 p.m.

 Authorities said both parents started drinking, leaving their baby alone in her crib the entire night into the following afternoon.

Jasmyne went to bed around 3 a.m. and Adam stayed up until 9 a.m., authorities said.

When Jasmyne Alexander checked on her daughter the afternoon of October 5, the baby wasn’t responsive, police said.

 Avarice was declared dead at the scene.

A few hours later, Jasmyne Alexander posted online asking for money to help bury her child, according to CNN affiliate WJLA.

Police said the parents had not taken Avarice to a doctor for the past seven months, even after noticing Avarice had problems breathing.

Jasmyne and Adam Alexander have been charged with felony child neglect.

 If convicted they could face 10 years in prison.

Police said the investigation into Avarice’s death is ongoing.

HLN reached out to Jasmyne and Adam Alexander for a comment, but calls were not returned.

MAIS DO MESMO…

(CNN) — A 9-month-old Virginia baby died after she was left alone in her crib for 16 hours while her parents drank, police said.

Prince William Police said Avarice Alexander was put in her crib by her father, Adam Alexander, around 8:30 p.m. on October 4 at the family’s home in Nokesville.

The baby rolled onto her stomach immediately, and no one checked on the infant for over 16 hours, authorities said.

Avarice’s mother, Jasmyne Alexander, returned from work to the home she shared with Adam, his mother and sister around 11:30 p.m.

Authorities said both parents started drinking, leaving their baby alone in her crib the entire night into the following afternoon.

Jasmyne went to bed around 3 a.m. and Adam stayed up until 9 a.m., authorities said.

When Jasmyne Alexander checked on her daughter the afternoon of October 5, the baby wasn’t responsive, police said. Avarice was declared dead at the scene.

A few hours later, Jasmyne Alexander posted online asking for money to help bury her child, according to CNN affiliate WJLA.

Police said the parents had not taken Avarice to a doctor for the past seven months, even after noticing Avarice had problems breathing.

Jasmyne and Adam Alexander have been charged with felony child neglect. If convicted they could face 10 years in prison.

Police said the investigation into Avarice’s death is ongoing.

HLN reached out to Jasmyne and Adam Alexander for a comment, but calls were not returned.

LIGEIRINHO DO JARDIM CHOVE BALAS . Senta a pua, desça a lenha: Comente este post ou dê um link do seu site. Since Blogger was launched in 1999, blogs have reshaped the web, impacted politics, shaken up journalism, and enabled millions of people to have a voice and connect with others.

PLACAS DE AUTOS DEVERÃO MUDAR EM BREVE EM TODA AMÉRICA DO SUL.

Veja aqui em primeira mão o novo sistema de emplacamento válido para todo o MERCOSUL estima-se que já em meados de 2016 será implantado no MERCOSUL.

Novo modelo terá pequenas variações entre os países que compõem o bloco do MERCOSUL

Todos os países que compõem o MERCOSUL (Mercado Comum do Sul) aprovaram o modelo único de emplacamento para carros novos do Brasil, Argentina, Paraguai, Venezuela e Uruguai.

A medida, aprovada em 2010 tem o  objetivo de aprofundar a integração entre os países do bloco, este modelo de emplacamento de veículos já esta regulamentado e poderá passar a valer já a partir de 2016.

O novo modelo apresentado nesta quarta-feira (8), em Buenos Aires (Argentina) pelos coordenadores nacionais do MERCOSUL.

O objetivo é aumentar a segurança na circulação dos veículos entre as nações que compõem o bloco.

Mas a medida ainda precisa ser regulamentada pelos países que compõem o bloco.

O tamanho das placas permanecerá idêntico ao atual no Brasil: 40 cm X 13 cm.

Em outros países, porém, este tamanho sofrerá alterações, como na Argentina.

Este é o padrão utilizado na União Europeia. O novo modelo terá fundo branco com letras pretas.

Na parte superior haverá uma tarja azul, com o emblema do MERCOSUL junto ao nome e bandeira do País ao qual o veículo pertence. A combinação entre números e letras continuará a ser feita por cada nação, de acordo com as suas necessidades. No Brasil, o sistema permanece o de três letras seguidas por quatro números — ABC 1234. Na Argentina, será adotado um novo modelo, formado por duas letras, três números e duas letras — AB 123 CD — pois o sistema atual se esgotaria já no próximo ano.

Os primeiros veículos a adotarem o novo modelo devem ser os veículos de transporte de passageiros e os de carga.

 Todos terão de circular com um Certificado de Inspeção Técnica Veicular, CITC , para atestar o cumprimento das condições de segurança estabelecidas por cada País.

A iniciativa deverá impactar positivamente na circulação de veículos no MERCOSUL.

 A placa tem a finalidade de aumentar a segurança jurídica dos deslocamentos realizados fora do estado.

Além do mais, vale ressaltar o caráter simbólico da placa, em razão da importância do transporte rodoviário em todos os Países do Bloco, particularmente no comércio regional.

Atualmente, os veículos de carga e passageiros (caminhões e ônibus) habilitados ao transporte internacional no âmbito do MERCOSUL são obrigados a circular com o Certificado de Inspeção Técnica Veicular (CITV), que atesta o cumprimento das condições de segurança estabelecida pelos países do bloco para o deslocamento na região.

 Os veículos que possuem esse documento serão os primeiros a serem identificados com a placa do Bloco, a partir de meados de 2016.

Os outros veículos de todas as marcas e categorias que saírem de fábrica devem começar a utilizar este modelo de placa a partir de 2018.

Mais do site...

As placas terão (7) sete caracteres, sendo quatro letras e três números, e a identificação do país de origem com sua bandeira, além do emblema do MERCOSUL, a tarjeta terá tamanho único e algumas artinhas de segurança para evitar que sejam falsificadas.

A grande vantagem desse novo modelo favorece mais o Brasil do que os outros integrantes do bloco, pois ninguém, (Quase ninguém) rouba ou furta veículos naqueles países e os trazem para o Brasil, mas sim ao inverso, furtam e roubam veículos do Brasil e os levam para os nossos vizinhos, já que todos os dados dos registros destes veículos em circulação no MERCOSUL passam a ser compartilhada entre todos os países do bloco, evitando assim toda sorte de crimes e fraudes.

Este esquema de novo emplacamento garante 450 milhões de combinações, o que é muito satisfatório, pois se estima de que o tamanho da frota não ultrapasse o total de 110 milhões de veículos nos cinco países, com população que soma 280 milhões de pessoas.

Resultando assim 2.54,454545555 moradores por veiculo.

O arranjo e o rearranjo aliada a combinação de placa com letras e números dispostos em, três números e duas letras também evita o cancelamento de muitas sequências por formar palavras desagradáveis.

Tipo... ( %$#@*&#@)  CENSURADO – Deixa pra lá.

Enquanto o Brasil tem combinações suficientes até 2030, na Argentina restam apenas 2 milhões de combinações.

Mesmo assim, o principal argumento da unificação das placas é a segurança jurídica dos deslocamentos fora do país de origem do veículo.

 A placa unificada facilita os controles das autoridades de trânsito locais, e justamente por isso ônibus e caminhões receberão primeiro.

Facilitando assim a cobrança das multas e infrações de transito praticadas por estes veículos.

LIGEIRINHO DO JARDIM CHOVE BALAS . Senta a pua, desça a lenha: Comente este post ou dê um link do seu site. Since Blogger was launched in 1999, blogs have reshaped the web, impacted politics, shaken up journalism, and enabled millions of people to have a voice and connect with others.