Posted by Amber Piskunov. GNC is a widely known and trusted nutritional health retailer that is now being sued for allegedly selling products known to contain an illegal amphetamine-like stimulant. The two chemicals are called Picamilon and BMPEA. In addition to selling the illegal drug, GNC clearly intended for it to be hidden because the …
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Volkswagen Emissions Scandal
Posted by Amber Piskunov. The well known German car maker, Volkswagen, has made headlines regarding a scandal involving software that cheats diesel emissions testing. This software has affected over 11 million diesel fueled cars creating many lawsuits. The cheating software covered up nitrogen oxide emissions and underestimated greenhouse gas emissions and also fuel consumption. This scandal …
Cyber Fraud Targets JP Morgan, Others
Posted by Kirill Ivanov. This article discusses a team of cyber criminals accused of cyber fraud for targeting various companies within the United States. Gery Shalon, Joshua Aaron, and Ziv Orenstein were charged in a 23-count indictment alongside crimes targeting 12 different companies. Their unlawful behavior is stated to be traced as far back as 2007. These …
Business Law Blogs Archives
Both sides of the political isle are pressuring the Fed to be more transparent regarding its monetary policy and cease “cozying up” to the banks it oversees. There are several legislative proposals that some prior Presidents of the Fed consider to be a threat to its independence. If any one of them are passed, it would be …
Facebook to Appeal a Belgian Court’s Ruling on Data Privacy
Posted by Wing Sze Yu. In this article, Facebook intends to appeal a data privacy ruling in Belgium. This privacy ruling forces social media to stop collecting digital information from people who are not its users. There is a tough line about how American technology companies, such as Facebook, gain access to, manage and use people’s …
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Mark Cuban Cleared of Insider Trading
Posted by Emmanuel Martinez. Mark Cuban who is well known for his high profile lifestyle has recently been acquitted from the charges against him for insider trading. The SEC brought a “civil lawsuit against Cuban in November 2008. A judge dismissed the suit in 2009 but an appeals court revived the case the following year.” Cuban …
Former General Counsel of South Florida Law Firm Sentenced for Fraud
Posted by Connie Huang. According to Merriam Webster dictionary, fraud is “the crime of using dishonest methods to take something valuable from another person; a person who pretends to be what he or she is not in order to trick people; [or] a copy of something that is meant to look like the real thing in …
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HSBC Offices Raided Over Money Laundering Allegations
Posted by Connie Huang. HSBC is a bank with locations in Europe. Two branches raided on or about February 18, 2015 by Swiss authorities are located in Geneva. They raided the banks, because the banks are accused of money laundering. Money laundering is “a financial transaction scheme that aims to conceal the identity, source, and …
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Thieves Advance in ATM Scams
The European ATM Security Team (EAST) discovered that ATM hackers are now drilling holes in ATM machines near the card reader and installing electronic devices which tap into the “read head” of the magnetic strip reader to steal information. Normally, thieves would “skim” the information on the magnetic strip through an “overlay” device that would actually …
New FDA Rules Will Change How You Choose Whether to Buy That Bag of Movie Popcorn
Under new FDA rules, movie theaters, chain restaurants, and supermarkets with 20 or more locations will have to provide calorie counts on the foods they sell. The stores have until November 2015 to comply and provide calorie information on their menus. Amusement parks, vending machines, bakeries, coffee shops, and convenience stores must also comply with …
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