businesscrime1.47 min read
Ozy Media CEO Carlos Watson Convicted of Fraud
1 year ago•Source: The Verge
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1.92 min•1 year ago
Ex-Tech Exec Admits to Getty Images Stock Fraud Scheme
Former 3Com CEO Robert Scott Murray has pleaded guilty to securities fraud for attempting to inflate Getty Images' share price through misleading announcements and a false acquisition bid, allowing him to sell his shares for a profit.
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"Sam Bankman-Fried's Vegan Diet Dilemma in 25-Year Prison Sentence"
Business Insider•1 year ago
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Oakland Taco Bell Restaurants Close Indoor Dining Due to Crime Concerns
New York Post •1 year ago
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San Francisco Store Implements Customer Escorts to Combat Shoplifting
Originally Published 1 year ago — by Yahoo! Voices
Fredericksen’s Hardware and Paint in San Francisco is implementing a one-on-one shopping experience to combat rampant shoplifting, with certain hours dedicated to individual customer assistance and a blocked-off entrance to deter thieves. The store's manager cites significant losses and safety concerns for employees and customers, with little help from city leaders or police. San Francisco supervisor Catherine Stefani acknowledges the crisis and calls for urgent action to address the police staffing shortage, while Mayor London Breed reports declines in certain crime rates for January.
San Francisco Store Implements Employee Escorts to Combat Shoplifting
Originally Published 1 year ago — by Yahoo News
Fredericksen’s Hardware and Paint in San Francisco is implementing a one-on-one shopping experience to combat rampant shoplifting, with specific hours for individual customer assistance and a blocked-off entrance to deter thieves. The store's manager cites significant losses and dangerous snatch-and-grab incidents, expressing frustration at the lack of support from city leaders and police. The initiative has been in place for three weeks, with plans to review its effectiveness after a month, while a city supervisor emphasizes the need to address the police staffing crisis.
Seattle Restaurant Faces 5 Break-Ins in 6 Months
Originally Published 1 year ago — by KOMO News
Seattle restaurant Sandia has been broken into five times in six months, causing significant damage and financial loss. The owner, Nathan Yeager, expressed frustration and concern, stating that if the break-ins continue, the business may not survive. He called for community support and urged residents to contact city officials for action.
"Denny's Shuts Down Oakland Location After 54 Years Due to Soaring Crime"
Originally Published 1 year ago — by Daily Mail
Denny's, a 54-year-old branch in Oakland, has closed due to soaring crime rates, including a 37% increase in robbery, 24% in burglary, and 45% in motor vehicle theft. The closure follows that of other businesses like Subway, Starbucks, and In-N-Out Burger, all of which have become targets for car burglaries. The city's mayor is facing a recall campaign, and businesses and residents are expressing concern over the safety and wellbeing of the community amidst the crime surge.
"In-N-Out Closure: A Solution to Oakland's Crime Problem?"
Originally Published 1 year ago — by Los Angeles Times
In-N-Out's decision to close its Oakland location due to increasing crime has sparked debate about the city's public safety issues. Some blame Mayor Sheng Thao for not addressing the crime problem, while others point to state and local laws that impede enforcement. The closure has drawn attention to the broader crime issues in Oakland, with calls for a regional interagency public safety task force. Despite efforts to address the problem, crime rates have risen, and the city's police department has been operating without a permanent chief since last February.
"Former Tottenham Owner Joe Lewis Pleads Guilty to Insider Trading Charges"
Originally Published 1 year ago — by BBC.com
UK billionaire Joe Lewis, owner of Tottenham Hotspur football club, has pleaded guilty to insider trading in a US court, admitting to passing on information about his companies to various contacts. The fraud netted millions of dollars in profit, and Lewis pleaded guilty to conspiracy and two counts of securities fraud as part of a deal with prosecutors. He faces a maximum sentence of 20 years for each securities fraud count, but the plea agreement allows him to appeal if sentenced to prison time.