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 …
Continue reading “New York Investment Banker Convicted of Embezzlement”
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 …
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 …
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 …
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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Posted by Kieran Tonero. Throughout the last four years many scammers have taken advantage of homeowners and business owners who lost properties during Superstorm Sandy. State officials have reported that scams that relate to Superstorm Sandy total $20 million. Many residents in Ocean County have been affected by Sandy-related fraud. The Ocean County Prosecutor’s Office …
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The Justice Department charged fourteen people, including nine current or former FIFA figures and five sports marketing professionals, for allegedly “‘foster[ing] a culture of corruption and greed that created an uneven playing field for the biggest sport in the world,’” FBI Director James Comey said. The government alleged racketeering and corruption involving more than $150 million in bribes …
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Cell phone video capability is commonplace now, and police in New Jersey are getting used to it. Experts claim that under the First Amendment recording police in plain view is protected. A police officer may not seize a cell phone, delete anything on it, or even demand that the person turn it over to him …
Posted by Robert Santos. Usually when people go on vacation, they come home with a souvenir of some sort such as a hat or refrigerator magnet. Lauren Guerra will be going home with a little more than a silly souvenir–in fact she will be going home with 3.5 million dollars. This will be a trip …
Posted by Robert Santos. Usually when people go on vacation, they come home with a souvenir of some sort such as a hat or refrigerator magnet. Lauren Guerra will be going home with a little more than a silly souvenir–in fact she will be going home with 3.5 million dollars. This will be a trip …
Continue reading “2015 – Page 2 of 18 – Blog Business Law – a resource for business law students”
