Whistleblower News: Capital One, GE, Sacklers, Kraft08/15/2019
Capital One hack suspect may have breached more than 30 organizations
Federal prosecutors say the suspect charged in a massive data breach at Capital One may have hacked more than 30 other organizations. Paige A. Thompson, a 33-year-old former Amazon employee from Seattle, was arrested last month after the FBI said she obtained personal information from more than 100 million Capital One credit applications. There is no evidence the data was sold or distributed to others.
In a memorandum filed ahead of a detention hearing, rescheduled from Thursday to Aug. 22, the U.S. Attorney's Office in Seattle said servers found in Thompson's bedroom contained data stolen from more than 30 unnamed companies, educational institutions and other entities. read more »
GE Is New Target of Madoff Whistleblower
In a research report posted online Thursday, Harry Markopolos alleges the struggling conglomerate has masked the depths of its problems, resulting in inaccurate and fraudulent financial filings with regulators. The report, which numbers more than 170 pages and was reviewed by The Wall Street Journal, is a mixture of detailed financial analysis and sweeping claims. read more »
New York Subpoenas Banks, Financial Advisers for Sackler Records
The state claims that the Purdue Pharma owners transferred billions of dollars from the company and hid them in offshore partnerships and other entities.
The New York state attorney general has begun issuing subpoenas to 33 financial institutions and investment advisers with ties to the Sackler family, part of an aggressive effort to track billions of dollars that prosecutors claim the family siphoned out of Purdue Pharma to hide profits gained from the company’s opioid painkillers. read more »
Kraft and Mondelēz Global to Pay $16 Million in Wheat Manipulation Case
The U.S. Commodity Futures Trading Commission today announced that it obtained a $16 million penalty and injunction pursuant to a federal court’s entry of a consent order against defendants Kraft Foods Group, Inc. and Mondelēz Global LLC. The order, entered on August 14, 2019 by the Honorable Judge John Robert Blakey of the U.S. District Court for the Northern District of Illinois, resolves the CFTC’s complaint alleging, among other things, manipulation of the wheat market.
The $16 million penalty is approximately three times defendants’ alleged gain. The order also enjoins Kraft and Mondelēz from engaging in future violations of the manipulation, wash trade, and position limit provisions of the Commodity Exchange Act and CFTC regulations charged in the complaint. read more »