A judge has ruled that money laundering charges can be brought against the creators of a website that California prosecutors label an online brothel. The Associated Press reported that the ruling came months after another judge threw out the case as violating free speech and...
The ousted CEO of Uber called a lawsuit filed against him by one of the company’s top investors a “public and personal attack” without merit. Reuters reported that venture capital firm Benchmark Capital, which says it owns 13 percent of Uber and controls 20 percent...
A group of marketers swiped more than $40 million from the bank accounts of customers for “discount club” memberships they never agreed to join, according to a complaint filed by the Federal Trade Commission (FTC). According to news from AJC.com, the companies contacted consumers through websites...
Marcus Hutchins, a 23-year-old British cybersecurity researcher and employee of L.A.-based Kryptos Logic, was arrested earlier this month in Las Vegas for building and selling malicious code known as “Kronos,” which was used to hack into and steal banking credentials between July 2014 and 2015....
A federal judge has decided that Costco owes Tiffany & Co. $19.4 million in damages over the warehouse club chain’s illegal sale of counterfeit diamond engagement rings bearing the “Tiffany” name. According to Reuters, although the case concerned only about 2,500 rings, U.S. District Judge...
Wells Fargo is facing a fresh lawsuit contending the bank’s Merchant Services Unit overcharged small businesses for the payment processing of their credit card transactions. According to a news report on CNN.com, citing a lawsuit filed in U.S. District Court, Wells Fargo also hit business...
In what seems to be an 180-degree turn, the Department of Justice (DOJ) is asking the Supreme Court not to weigh in on American Express’ (Amex) merchant contracts and “steering” activity. News from Bloomberg stated that the DOJ made its decision not to appeal a decision from...
FBI documents have revealed a global financial network run by a senior Islamic State official that funneled money to an alleged ISIS operative in the U.S. through fake eBay transactions. The Wall Street Journal reported news that a recently unsealed FBI affidavit shows that the...
Apple has been engaging in anti-competitive behavior in China, its largest mobile applications market, according to a lawsuit filed with regulators in that country. The antitrust suit, which comes on behalf of more than two dozen developers, was filed Tuesday by Dare and Sure, a...
