Posted by Rafaela Andrade. Costco wholesale store is now using new Visa credit cards and no longer American Express after fifteen years. Under a new contract, Citigroup, Inc. will now be the issuer for their credit cards along with Visa, Inc. Early this year, Costco reported that their earnings were not met and the stock price …
Monthly Archives: December 2016
New York Investment Banker Convicted of Embezzlement
Posted by Aliyah Ponton. A former executive, Andrew Caspersen, at a New York investment bank admitted swindling investors of more than $38 Million. As a result, he was sentenced to four years in prison. During court he told the U.S. District Judge, Jed Rakoff, “I chose gambling over everything.” The Judge cited his gambling as …
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McDonald’s’ Lawsuit
Posted by Nick Farkas. A McDonald’s’ franchise in California has repeatedly gotten into legal trouble throughout the past few years because they were not paying and recording the overtime of their employees correctly. The Smith family owns the franchise and have around 800 employees working for them. They initially settled the claims for $700,000 but …
Florida Death Penalty
Posted by James Awad. Florida’s death penalty law has been slightly changed after their Supreme Court ruled that there needs to be unanimous support from the jury to sentence someone to death. This means that in Florida you now need ten or more jury member’s consent to use the death penalty. The issue had been …
Gambling Addiction Leads to Embezzlement
Posted by Anas Khalil. A former executive at a New York investment bank who admitted defrauding investors of more than $38 million was sentenced to four years in prison by a judge who cited his gambling addiction as reason for leniency. Caspersen is a gambler and an alcoholic who put his family members and friends …
Naked Juice is Not as ‘Naked’ as it Claims
Posted by Navjoat Aulakh. PepsiCo’s famous ‘healthy’ beverage line, Naked Juice, is being stripped down and exposed for it’s misleading marketing tactics. The line of beverages features images of various fruits and vegetables, and claims to be ‘all natural’. The CSPI (Center for Science in the Public Interest) has argued that “a single 15.2-ounce container …
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