The Securities and Exchange Commission (SEC) charged Billionaire Phillip Frost with participating in a classic pump-and-dump scheme. The Miami resident and founder of the Phillip and Patricia Frost Museum of Science made his billions through his large pharmaceutical company OPKO Health. The charge suggests that Frost and 9 other investors participated in the scheme from 2013 to 2018 and accuses the participants of manipulating stock prices of three companies. Once they managed to raise the prices, they would sell off their shares and leave a loss for the resident investors. Sanjar Wadhwa, the senior associate director of the SEC’s Division…
Author: Peter Boyer
Kerry Perry recently left her position as the head of USA gymnastics after she was asked to resign. Perry was hired as the CEO and president of the national gymnastics team, despite her lack of experience with the sport. When she was hired, Perry stated that her main focus was “on creating an environment of empowerment where all have a strong voice and we are dedicated every single day to athlete safety.” The ex-CEO will no longer have a say within the organization. Her resignation has come at an interesting time. Former team doctor Larry Nassar was accused and convicted…
Monica Lewinsky walked out of an interview in Jerusalem after she was asked a question regarding her relationship with former U.S. president Bill Clinton. The interview was conducted by famed Israeli news anchor Yonit Levi. Levi asked Lewinsky the following question: “Now recently in an interview with ABC News, former president Clinton was rather irate when he was asked if he ever apologized to you personally and he said I apologized publicly, do you still expect that apology? That personal apology?” After soaking in the question, Lewinsky stood up and began to walk away, saying “I’m so sorry, I’m not…
Colin Kaepernick is the face of a new Nike Campaign titled “Believe in something. Even if it means sacrificing everything”. The ad is obviously controversial and relates to the on-going National Anthem protest going on throughout the NFL. Some are praising Nike for their courage regarding the heated topic, and others are criticizing their choice to pick a side of the debate. Kaepernick is an ex-NFL-quarterback who took a stand against the National Anthem and eventually started a player movement that fights racism and police brutality in America. Kaepernick has since started a funding campaign called “Know Your Rights”. Nike…
Google just released a new AI tool that aids companies and organizations when searching for inappropriate images of child sexual abuse. The tool was released on Monday and is gaining recognition within the internet policing community. Lead Engineer Nikola Todorovic issued the following statement: “Quick identification of new images means that children who are being sexually abused today are much more likely to be identified and protected from further abuse. We’re making this available for free to NGOs and industry partners via our Content Safety API, a toolkit to increase the capacity to review content in a way that requires…
In Los Angeles, tensions are rising as the teachers strike gains nationwide attention. The main thing that teachers are fighting for are contract negotiations between the union and the school district. The union is claiming that there is illegal activity going on. Los Angeles Unified School District officials issued the following statement: “Students and families will bear the brunt of a strike. We hope our shared responsibility to put students first will prevent a strike and lead to a common-sense resolution that recognizes the hard work of our employees while addressing the safety and instructional needs of students and the…
After a man masturbated next to a woman passenger on a United Airlines flight, the company paid her $75 to keep the incident quiet. Mikaela Dixon, 21, since came out on Twitter about her encounter. Dixon Twitter posts read: “I just spent hours next to a guy who was masturbating on this flight. My bf was asleep in the window seat, I’m in the middle, and the man is in the aisle. I had no idea what to do, I couldn’t get up bc I didn’t want to go anywhere near him…” “I couldn’t call an attendant over because he’s…
A couple from Philadelphia set up a GoFundMe page for a homeless man who bought them gas with his life savings, $20. The campaign has been active for 9-months and has raised over $400,000. Recently, a court case has been filed because the homeless man did not receive a large portion of the campaign money. The GoFundMe reads: “This is Johnny. Driving into Philly one night, I made the mistake of thinking that I would be able to make it all the way down I- 95 with my gas light on. Needless to say, I was wrong. I never ran out of…
Electronic Arts CEO, Andrew Wilson, announced that three upcoming Madden tournaments are canceled as a result of the shooting this past weekend. Taylor Robertson, 28, and Elijah Clayton, 22, were killed while participating in a gaming event in Jacksonville Florida. David Katz of Baltimore Maryland is the identified shooter. Katz ended his own life after his rampage. Katz was a well-known player at these kinds of tournaments and even was featured on the Bills twitter page after winning one of their competitions. It has been reported that Katz previously was hospitalized for mental illness. His illness fell short of Maryland’s…
Foxconn Technology Group, the Taiwanese electronics company that specializes in multinational manufacturing, plans to invest $100 million into the engineering research program at the University of Wisconsin. The partnership will establish the Foxconn Institute for Research and Technology, an organization whose mission is to educate. A large amount of the money will go towards a new facility that will replace the current 1410 Engineering Dr. building. UW-Madison plans to raise $100 million as a part of the All Ways Forward program. Engineering, data, and computer science research will be the areas that will be the most affected by the movement.…
As the United States and Mexico work towards a trade agreement that, in theory, replaces NAFTA, the Asian markets are rising. Both the United States and Asia have been in a bull market since Monday afternoon and the upward trend continued into Tuesday evening. Japan’s Nikkei 225 stayed relatively flat, ending the day at 22,813.47. Japan’s shipping sector increased by 2.3%. South Korea’s Kospi increased 0.17% and ended the day at 2,303.12. Samsung Electronics increased by an impressive 0.54%. Australia’s ASX 200 ended up 0.57% and closed at 6,304.7. The increase comes after the political dilemma last week. Blackmores’ stock increased…
John Schnatter, also known as Papa John, resigned earlier this year for using the n-word during a conference call. The call was with a marketing agency and soon after the news broke, Schnatter left the pizza empire. Now, Schnatter is running a website called savepapajohns.com. Schnatter is using the platform to speak freely about his life’s work and about his ongoing legal battles with the company. Schnatter’s site issue the following statement: “As I said in a recent letter, I miss you all very much. More than words can express! Papa John’s is our life’s work and we will all…