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Member since: Fri Nov 12, 2004, 07:39 AM
Number of posts: 44,861

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Ex-JP Morgan Broker Pleads Guilty in Theft of $20 Million

Source: Bloomberg News

Ex-JP Morgan Broker Pleads Guilty in Theft of $20 Million

A former JPMorgan Chase & Co. broker admitted he stole more than $20 million from customer accounts and used the money to pay his bills, gamble online and to trade his own stocks.

Michael Oppenheim, 49, pleaded guilty Thursday in Manhattan federal court to securities fraud and embezzlement, part of a scam that targeted 10 of his wealthiest clients beginning in 2008.

Under the plea deal, Oppenheim seeks a sentence of eight to 10 years in prison. U.S. District Judge Judge Analisa Torres isn’t bound by the recommendation. She set the sentencing for Feb. 15. The two charges carry a total maximum prison term of 50 years.

Read more: http://www.bloomberg.com/news/articles/2015-11-05/ex-jpmorgan-broker-pleads-guilty-in-theft-of-20-million

Official Says Illinois Cop Who Killed Himself Sought to Have Village Administrator Killed

Source: Associated Press

@AP: BREAKING: Official says Illinois cop who killed himself sought to have village administrator killed.

The Latest: Official says disgraced cop tried to set up hit

NOV. 5, 2015 1:58 PM EST

FOX LAKE, Ill. (AP) — The latest developments in the investigation into the September shooting death of an Illinois police officer (all times local):

12:30 p.m.

An official says an Illinois police officer who killed himself tried to arrange for a gang member "to put a hit" on a village administrator because he feared she would discover he had been embezzling money.

Lake County Sheriff's Office spokesman Christopher Covelli also said Thursday that investigators found packets of cocaine in Fox Lake Police Lt. Charles Joseph Gliniewicz's desk after his Sept. 1 death.

Covelli says investigators recovered deleted text messages in which Gliniewicz mentioned the possibility of planting something on the administrator, Anne Marrin, although he says they don't know if that's why he had the cocaine.

Read more: http://bigstory.ap.org/c4cb45ecc01a4c02b623d384553060dd

AP: Ahmad Chalabi, Leading Voice Behind 2003 Invasion, Dies of Heart Attack

Source: Associated Press

Iraq state TV: Ahmad Chalabi, leading voice behind 2003 invasion, dies of heart attack

By the Associated Press | November 3, 2015 | 3:25 AM EST
BAGHDAD (AP) — Iraq state TV: Ahmad Chalabi, leading voice behind 2003 invasion, dies of heart attack.

Read more: http://cnsnews.com/news/article/iraq-state-tv-ahmad-chalabi-leading-voice-behind-2003-invasion-dies-heart-attack

Just a reminder: He wasn't a "leading voice." He was a liar, warmonger and fraud.


TOM TOMORROW: Wing-Nut Perspectives

DAILY KOS LINK: http://www.dailykos.com/story/2015/11/02/1442867/-Cartoon-Wingnut-perspectives

‘Pharma bro’ Shkreli Gets ‘Schooled by a Real F*cking Doctor’ During Disastrous Reddit Interview


- snip -

The pharmaceutical company CEO got absolutely destroyed by a physician who exposed his limited understanding of how the drugs he sells actually work.

“Medically speaking I haven’t yet heard of why your drug’s worth $749 more than my pyrimethamine,” said a Reddit user identified himself or herself as Anandya, a doctor who works for a charity. “Does it improve on the nausea, vomiting and (diarrhea)? Does it have a folate sparing effect? Can it be used in pregnant women and in epileptics?”

- snip -

“The mechanism of the drug is folate inhibition,” Anandya reminded the CEO, adding that what Shkreli had proposed might not even be scientifically possible.

“The entire mechanism of the drug is to stop the production of folic acid in the first place and the bulk of its side effects are tied up with that,” Anandya said. “It’s kind of counter-intuitive to say that you are going to solve this problem when it’s not a problem as much as the whole raison d’etre of the drug. This I find is the main problem with your plan. That the solution is not worth $749.”

“One cannot suggest such a monsterous increase in the price of a drug which by your own admission does nothing better while telling me your plan is to (because this is the only way it would work) create an entirely new drug not related to pyrimethamine at all because it would require a new structure,” the self-described phsycican continued. “Which in turn would give you a big hassle since you would require testing and FDA approval from scratch anyway. I think your plan is flawed.”

Other Reddit users stood back and applauded in awe, saying that’s what happens when “overblown salespeople run into people who actually know what they’re talking about.”

“Dude you just got schooled by a real f*cking doctor,” said Reddit user ixora7. “Go f*ck yourself with your pills.”


TOM TOMORROW: The Campaign Season of the Damned! Bwah Ha Ha Ha!

DAILY KOS LINK: http://www.dailykos.com/story/2015/10/26/1437581/-Cartoon-Campaign-season-of-the-damned

"Hey! If you missed the Kickstarter for my hardcover, two-volume compilation, 25 Years of Tomorrow, you can still pre-order a set!"

"Mrs. Clinton Just Called..."

Bernie Sanders Coming Up on Jimmy Kimmel Now

Heads Up

"Of the Half-Billion Poorest Adults in the World, One Out of Ten is an American"

1. At the Bottom: Of the Half-Billion Poorest Adults in the World, One out of Ten is an American

That seems impossible, with so many extremely poor countries, and it requires a second look at the data, and then a third look. But it's true. In the world's poorest decile (bottom 10%), one out of ten are Americans, many of whom are burdened with so much debt that any remnant of tangible wealth is negated. Other nations have high debt, most notably in Europe, but without an excessive burden on their poorest citizens.

- edit -

3. In the Middle: The US is the Only Region Where the Middle-Class Does Not Own Its Equivalent Share of Wealth

The North American middle class, as defined by Credit Suisse, and of which the U.S. is by far the largest part, has 39% of the people but only 21 percent of national wealth. Every other region of the world shows the reverse phenomenon, with the middle class owning an oversized portion of national wealth.


Wealth Data: U.S. Inequality at Its Ugliest


Former Sen. Jim Webb Announces Withdrawal from Democratic Presidential Race

Source: NBC News

@BreakingNews: Former Sen. Jim Webb announces he is withdrawing from Democratic presidential race, will think about all his options https://t.co/NcZswOHV0t/s/DhZN

Former Sen. Jim Webb: 'I fully accept that my views on many issues are not compatible with the power structure and nominating base of the Democratic party' - @frankthorpNBC

Read more: http://www.breakingnews.com/topic/2016-us-elections/
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