Jail
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FILE PHOTO – A video statement made by the former Nissan Motor chairman Carlos Ghosn is shown on a screen during a news conference by his lawyers at Foreign Correspondents’ Club of Japan in Tokyo, Japan April 9, 2019. REUTERS/Issei Kato
April 12, 2019
TOKYO (Reuters) – The Tokyo District Court said on Friday it had extended Carlos Ghosn’s detention period by eight days, giving prosecutors until April 22 to bring formal charges against the former Nissan Motor boss or let him go.
Ghosn was arrested for the fourth time last week on suspicion that he had tried to enrich himself at Nissan’s expense, to the tune of $5 million.
He is awaiting trial on other charges including financial misconduct. Ghosn, who had been released on $9 million bail in early March after spending 108 days in jail, has denied any wrongdoing.
(Reporting by Tokyo Newsroom)
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FILE PHOTO: A logo is seen at a branch office of private Bank J. Safra Sarasin in Basel October 26, 2014. REUTERS/Arnd Wiegmann/File Photo
April 11, 2019
By John Miller
ZURICH (Reuters) – Three Germans on trial in Switzerland for helping expose a tax-stripping scheme that cost European governments billions of euros will likely avoid prison after a verdict on Thursday that fell well short of prosecutors’ demands.
The men, Stuttgart-based lawyer Eckart Seith and two former employees of Basel-based Bank J. Safra Sarasin, had faced up to 3-1/2 years in prison for numerous charges. Instead, they got suspended fines and jail terms for violating banking secrecy.
“The Zurich District Court condemns three persons, accused of transferring a bank customer list to a German lawyer, for multiple violations of the banking law,” the court said in a statement, adding one banker was also found guilty of industrial espionage and coercion.
The defendants were acquitted of all other charges, the court said.
Seith could not be reached immediately for comment. He told German newspaper FAZ he would lodge an appeal.
The case, in which prosecutors said the accused passed secret Swiss bank documents to German authorities, is linked to the border-crossing fraud investigation into so-called “cum-ex trades” in which financial powerhouses including BlackRock, Spain’s Santander and Deutsche Bank are under scrutiny.
In the 2001-2011 scheme, European governments were duped into believing a stock had multiple owners, each entitled to a dividend and a tax credit. Germany, Denmark, Austria, Belgium and other countries lost tax revenue that instead benefited wealthy investors.
The Zurich trial was linked to German drug chain billionaire Erich Mueller, a Bank Sarasin client who lost around 50 million euros ($56 million) in 2012 on cum-ex trades after German tax officials balked at paying him a tax credit.
Mueller, seeking to recoup his money from Sarasin, hired Seith and worked with the two German bankers, both of whom spent time in investigative custody in Switzerland.
In 2017, a German court ruled Bank Sarasin had to pay 45 million euros to Mueller. Sarasin’s ex-deputy chief executive, Eric Sarasin, in 2016 also paid a settlement in Germany.
Switzerland, the world’s largest offshore wealth center, last year began sharing bank data with many foreign tax authorities, bowing to international pressure to help crack down on tax cheats.
Still, the Zurich case shows the nation continues to move aggressively against people who pass on bank information to foreign individuals or governments.
Meanwhile, German media have celebrated Seith for helping expose the cum-ex scheme.
(Reporting by John Miller; Editing by David Holmes)
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U.S. investor and founder of the Baring Vostok private equity group Michael Calvey, who was detained on suspicion of fraud, leaves the court after his hearing in Moscow, Russia April 11, 2019. REUTERS/Maxim Shemetov
April 11, 2019
MOSCOW (Reuters) – A Russian court on Thursday released U.S. investor Michael Calvey after two months in jail and placed him under house arrest until Saturday, softening his treatment in a fraud case that has rattled investors.
It was not immediately clear what would happen after Saturday.
Calvey, founder of the Baring Vostok private equity group, was detained in February on embezzlement charges that he denies and that he says are being used to put pressure on him in a corporate dispute over control of a Russian bank.
(Reporting by Gabrielle Tétrault-Farber; Writing by Tom Balmforth; Editing by Christian Lowe)
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Reuters journalist Wa Lone arrives at Insein court in Yangon, Myanmar September 3, 2018. REUTERS/Ann Wang
April 11, 2019
By Simon Lewis
NAYPYITAW (Reuters) – Myanmar’s Supreme Court heard the appeal on Tuesday of two Reuters journalists imprisoned for breaking a colonial-era official secrets law, in a case that has raised questions about Myanmar’s progress towards democracy.
Reporters Wa Lone and Kyaw Soe Oo have spent more than 15 months in detention since they were arrested in December 2017, while investigating a massacre of Rohingya Muslim civilians involving Myanmar soldiers.
Law officer Ko Ko Maung, representing the government, said they had been found in possession of secret documents that could have harmed national security.
Outlining their grounds of appeal, the reporters’ lawyer, Khin Maung Zaw, cited lack of proof of a crime and evidence that the pair were set up by police. A policeman had told a lower court last year that officers had planted secret documents on the two reporters.
A district court judge in Yangon found the two journalists guilty under the Official Secrets Act last September and sentenced them to seven years in prison. The Yangon High Court rejected an earlier appeal in January.
Both remain separated from their young daughters. The wife of 32-year-old Wa Lone gave birth to their first child last year while Wa Lone was behind bars. Kyaw Soe Oo celebrated his 29th birthday in Yangon’s Insein jail this month.
The journalists were not present at Tuesday’s hearing, but their families had traveled to the capital Naypyitaw, about 370 km (230 miles) north of Yangon, to attend.
“We are expecting to reunite as a family as soon as possible,” Kyaw Soe Oo’s wife, Chit Su Win, told reporters outside the Supreme Court compound.
The reporters’ convictions were heavily criticized by press freedom advocates and Western diplomats, putting additional pressure on Myanmar leader Aung San Suu Kyi, the Nobel laureate who took power in 2016 amid a transition from military rule.
Suu Kyi said in September, the week after their conviction, that the reporters’ case had nothing to do with press freedom as the men had been jailed for handling official secrets, not because they were journalists.
“Myanmar’s Supreme Court has the opportunity to correct the serious miscarriage of justice inflicted on Wa Lone and Kyaw Soe Oo for the last 15 months,” Reuters Editor-in-Chief Stephen J. Adler said in a statement.
“They are honest, admirable journalists who did not break the law, and they should be freed as a matter of urgency.”
‘DANGEROUS FOR THE COUNTRY’
Khin Maung Zaw, the reporters’ lawyer, told the Supreme Court on Tuesday that the trial court had wrongly placed the burden of proof on the reporters, and the prosecution failed to prove they broke the official secrets act.
“The police planted the documents on Wa Lone and Kyaw Soe Oo so their investigation of the massacre would be stopped,” he said.
Before their arrest, Wa Lone and Kyaw Soe Oo had been working on a Reuters investigation into the killing of 10 Rohingya Muslim men and boys by security forces and Buddhist civilians in western Myanmar’s Rakhine State during an army crackdown that began in August 2017.
The operation sent more than 730,000 Rohingya fleeing to Bangladesh, according to United Nations estimates.
During eight months of hearings prior to their conviction, Wa Lone and Kyaw Soe Oo testified that two policemen they had not met before handed them papers rolled up in a newspaper during a meeting at a Yangon restaurant on Dec. 12, 2017. Almost immediately afterwards, they said, they were bundled into a car by plainclothes officers.
A police captain, Moe Yan Naing, testified that, prior to the restaurant meeting, a senior officer had ordered subordinates to plant documents on Wa Lone to “trap” the reporter.
Ko Ko Maung, the government law officer, told the Supreme Court the police officer the reporters said handed them the papers, Lance Corporal Naing Lin, had denied doing so. He said the reporters were caught holding secret documents at a routine traffic stop.
“If these documents were received by an opponent or enemy of Myanmar, it could be dangerous for the country,” he said.
Supreme Court Justice Soe Naing adjourned the case at the end of Tuesday’s hearing, without giving a date for a ruling.
(Additional reporting by Shoon Naing, Editing by Alex Richardson and Sam Holmes)
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FILE PHOTO: Sen. Ron Wyden (D-OR) speaks during a markup on the “Tax Cuts and Jobs Act” on Capitol Hill in Washington, U.S., November 15, 2017. REUTERS/Aaron P. Bernstein
April 10, 2019
By Jeffrey Dastin
(Reuters) – U.S. lawmakers proposed a bill on Wednesday that would require major tech companies to detect and remove any discriminatory biases embedded in their computer models, underscoring Washington’s growing interest in regulating Silicon Valley.
The bill, entitled the Algorithmic Accountability Act of 2019, would grant new power to the U.S. Federal Trade Commission (FTC) and force companies to study if race, gender or other biases underpin their technology. The rules would apply to companies with annual revenue above $50 million as well as to data brokers and businesses with over a million consumers’ data.
“Computers are increasingly involved in the most important decisions affecting Americans’ lives – whether or not someone can buy a home, get a job or even go to jail,” Democratic Senator Ron Wyden said in a press release announcing the bill. “But instead of eliminating bias, too often these algorithms depend on biased assumptions or data that can actually reinforce discrimination against women and people of color.”
The press release cited as examples a Reuters report that Amazon.com Inc had scrapped an automated recruiting engine it had found to be biased against women, and U.S. charges that Facebook Inc let advertisers discriminate by race in alleged violation of the Fair Housing Act.
Senator Cory Booker and Representative Yvette Clarke, both Democrats, joined Wyden in introducing the bill, which could face an uphill battle in the Republican-controlled Senate.
“To hold algorithms to a higher standard than human decisions implies that automated decisions are inherently less trustworthy or more dangerous than human ones, which is not the case,” said Daniel Castro, vice president of the Information Technology & Innovation Foundation, a Washington-based non-profit that includes industry representatives on its board.
“This would only serve to stigmatize and discourage AI use, which could reduce its beneficial social and economic impacts,” Castro said.
The Internet Association, which counts Amazon, Facebook, Alphabet Inc’s Google and other top tech companies as members, had no immediate comment.
(Reporting By Jeffrey Dastin in Las Vegas; Editing by Tom Brown)
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Jack Shepherd, who went on the run last year after killing a woman in a speedboat crash on the River Thames, is escorted during his extradition in Tbilisi, Georgia April 10, 2019. The Ministry of Internal Affairs of Georgia/Handout via REUTERS
April 10, 2019
LONDON (Reuters) – A British man who went on the run last year after killing a woman in a speedboat crash on the River Thames has returned to Britain after being extradited from the former Soviet state of Georgia, UK prosecutors said on Wednesday.
Jack Shepherd, 31, was convicted in his absence last July of the manslaughter by gross negligence of Charlotte Brown, 24, and sentenced to six years in jail.
He will appear in court in London on Thursday to be sentenced in person for the death of Brown.
“Jack Shepherd has returned to the UK to face justice,” Angela Deal, head of extradition at the Crown Prosecution Service, said.
“He will first appear at the Old Bailey to be sentenced for the gross negligence manslaughter conviction in connection with the death of Charlotte Brown, and then at a later date in the south west over the grievous bodily harm charge.”
After months on the run, Shepherd turned himself in to police in Georgia earlier this year, telling a court he was agreeing to extradition so he could take part in an appeal process.
Shepherd took Brown for a ride on a speedboat in December, 2015 during a first date.
Shortly before midnight, the boat hit floating debris and both were thrown into the water. Shepherd was found clinging to the hull but Brown was pulled from the water unconscious and died from cold water immersion.
Prosecutors said Shepherd was drunk and that neither he nor Brown was wearing a life-jacket.
(Reporting by Alistair Smout; Editing by Alistair Bell)
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Firebrand freshman Rep. Alexandria Ocasio-Cortez, D-N.Y., grilled banking bigwigs Wednesday on whether more industry chieftains should have gone to jail for the 2007 financial crisis.
In a House Financial Services Committee hearing, Ocasio-Cortez expressed “concerns about how much things have really changed” since the recession, The Hill reported.
The progressive lawmaker pointed to fines and penalties like Bank of America’s $16.5 billion settlement in 2014 over misconduct related to mortgage-backed securities, as well as a $20 million and another $720 million in consumer relief.
She questioned whether they were viewed merely as “the cost of doing business,” The Hill reported.
“I represent kids that go to jail for jumping a turnstile because they can’t afford a MetroCard,” Ocasio-Cortez told Morgan CEO Jamie Dimon. “Do you think that more folks should have gone to jail for their role in a financial crisis that led to 7.8 million foreclosures in the 10 years between 2007 and 2016?”
Dimon demurred, saying it was a question for “legal experts,” while asserting no one should be imprisoned for jumping a turnstile, The Hill reported.
The committee summoned CEOs of the nation’s largest banks as a group for the first time since 2009 for the hearing — all claiming their companies have become safer and more responsible since they were bailed out during the crisis, The Hill reported.
Source: NewsMax Politics

FILE PHOTO: Jan 20, 2019; Kansas City, MO, USA; New England Patriots quarterback Tom Brady (12) celebrates while leaving the field after defeating the Kansas City Chiefs during overtime in the AFC Championship game at Arrowhead Stadium. Mandatory Credit: Mark Rebilas-USA TODAY Sports
April 10, 2019
A 64-year-old Missouri man was cited for allegedly aiming a laser pointer at New England quarterback Tom Brady’s face during the AFC Championship game at Kansas City’s Arrowhead Stadium.
Dwyan Morgan of Lee’s Summit was ticketed for disturbing the peace and faces up to a year in jail or a fine up to $1,000, Jackson County prosecutor Jean Peters Baker said Tuesday in a news release.
The incident happened in the fourth quarter of the Patriots’ 37-31 overtime win against the Chiefs on Jan. 20.
A photographer for KMBC in Kansas City recorded evidence of a green laser shining in Brady’s face. Prosecutors did not say how investigators were able to determine that Morgan was allegedly involved.
Morgan has already been banned for life from the stadium, ESPN reported in February.
–Field Level Media
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