Whistleblower News: Boeing, 1MDB, Ponzi Scheme, Facebook11/07/2019
Boeing whistleblower raises doubts over 787 oxygen system
John Barnett says tests suggest up to a quarter of the oxygen systems could be faulty and might not work when needed.
Former Goldman Sachs executive to stand trial in Malaysia next year
Former Goldman Sachs banker Roger Ng will face trial in Malaysia in April for allegedly abetting the sale of $6.5 billion in bonds tied to troubled state fund 1Malaysia Development Berhad (1MDB), a judicial official said on Wednesday.
Malaysia had temporarily surrendered Ng for 10 months to the United States, where he has been charged for conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi through bond offerings that Goldman Sachs Group Inc (GS.N) had handled. read more »
SEC Charges Adviser for Running Ponzi Scheme Targeting Haitian Community
The Securities and Exchange Commission today filed charges against a New York investment adviser for operating a multimillion-dollar investment club that was actually a fraudulent Ponzi scheme targeting members of the local Haitian community as well as his family and friends. read more »
California Sues Facebook for Documents in Privacy Investigation
The state said Facebook had resisted or ignored dozens of requests for documents and internal correspondence about the company’s handling of personal data.
In a lawsuit filed by the attorney general, Xavier Becerra, the state said that over an 18-month period, Facebook had resisted or ignored dozens of questions and requests for documents, including email correspondence between executives like Mark Zuckerberg and Sheryl Sandberg, the company’s top two leaders. Mr. Becerra filed the lawsuit in the California Superior Court to obtain the communications. read more »