New York Congressman Chris Collins Indicted on Insider Trading Charges
Chris Collins has been indicted on insider trading charges, federal prosecutors announced Wednesday.
The indictment also names his son, Cameron Collins, and Stephen Zarsky, the father of his son’s fiancée. The fraud counts relate to securities of an Australian biotechnology company called Innate Immunotherapeutics, where the congressman served on the board.
“Christopher Collins, the defendent, violated the duties he owed to Innate by passing material; nonpublic information regarding the Drug Trial results to his son, Cameron Collins, the defendent, so that he could use that information to make timely trades in Innate stock and tip others,” the indictment states. “Cameron Collins traded on the inside information and passed it to Stephen Zarsky.”
Among the charges, the defendants are accused of multiple counts of securities fraud, along with one count of wire fraud, one count of conspiracy to commit wire fraud and one count each of making false statements.
The Republican congressman, who has served New York’s 27th District since 2013, surrendered to federal agents in Manhattan on Wednesday morning and is expected to appear in federal court in lower Manhattan later in the day.
The U.S. attorney for the Southern District of New York plans to hold a press conference at noon to detail the charges against Collins and the two others.
Tornado warnings issued for Monroe and Wayne counties
- A severe thunderstorm with 60 mile per hour winds capable of producing a tornado was located heading into southern Wayne County.
A Severe Thunderstorm Warning has been issued for Macomb and Wayne County until 1:45 a.m.
Ability to print guns ‘critical issue’ for law enforcement around the world: Goodale
Minister Ralph Goodale said local police forces, the RCMP, their counterparts in the U.S. and Interpol are all troubled by the potential to photocopy a weapon presumably meaning to create one using 3D printing that would be usable to cause harm to other people.
“PCs plan to scrap Ontario basic income pilot project called shameful by NDP leader”
The project was expensive and clearly not the answer for Ontario families said by MacLeod on Tuesday.
The province will also wind down Ontario basic income pilot project, which provided payments to 4,000 low-income people in communities including Hamilton, Brantford, Thunder Bay and Lindsay. Single participants receive up to $16,989 a year while couples receive up to $24,027, less 50 per cent of any earned income.
During the announcement, MacLeod was asked what data the province was citing when it said the program wasn’t working. MacLeod didn’t offer any examples, and instead just said it was “not sustainable.”
She said her government will end the program “ethically” for anyone who is currently enrolled. She did not say how long participants could expect their payments to continue.
The announcement prompted shock and anger among many who rely on the the project and felt they’d been lied to.
Dave Cherkewski is one of about 1,000 Hamiltonians who received guaranteed income.
Don’t drink the water if you live in parts of Northeast and Northwest Washington
D. C. Residents living in parts of the northwest and northeast should not drink the water until further notice, officials said after a problem occurred in a pumping station.
The warning came from D.C. Water on Friday, as officials at the agency said residents should “cook their water and drink until further notice” if they live in certain areas.
The Warning applies to thoseliving in theareabounded by:
North through Western Avenue to Massachusetts Avenue to Nebraska Avenue to Military Road to Missouri to New Hampshire Avenue.
to the east from Eastern Avenue.
South from New York Avenue to K Street to Whitehurst Freeway.
In the west through the Canal Road to the Clara Barton Parkway.
Residents are advised to boil their water when they have little water pressure or after 20:30 no water left. on the 12th of July. Those who have no water service are advised to cook the water when service is restored, authorities said.
If customers do not have low water pressure and do not live in the affected areas, they do not have to cook their water, officials said.
Officials said the advice to boil the water is reversed when determining “the water is safe.” It was not immediately clear if that would, but DC Water said in a statement that customers would be “notified immediately if the notice is lifted.”
The problem occurred at 20:30. Thursday, when an open valve at pumping station Bryant Street caused a pressure drop in parts of the distribution system for about an hour, DC Water said in a statement.
This pressure loss has “made it possible for impurities to get into the water.” As a precaution, officials said the residents should boil their water.
OYO Acquires AblePlus to Strengthen Technology Portfolio
OYO has acquired Mumbai-based Internet of Things (IoT) technology company, AblePlus to enhance and strengthen its technology portfolio. With this partnership, OYO aims to create a sustainable ecosystem powered by technology and artificial intelligence for managing hotels and assets.
With the introduction of IoT into the basic precincts of hotel management, OYO aims to enhance customer and partner experiences by roping in the best of technology capabilities that are changing how India sees hospitality today.
The company claims that with the implementation of IoT-enabled operations, customers will be able to experience highlights such as self-check-ins supported by the Digital Arrival and Departure Register, Self KYC with Aadhar and IoT server managed smart locks. With this, it plans to achieve improved operational efficiency, thus creating a superior stakeholder experience.
AblePlus was founded in 2016 by Akash Goel and Bonish Gandhi. It develops IoT systems for the hospitality industry.
The startup has created and deployed a slew of solutions such as internet-managed smart access control for properties, remote monitoring and control of utilities and asset fencing to detect theft of items in real time.
OYO said the implementation of IoT-enabled operations will help customers to check-in by themselves.
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Tesla Sharing Technology With China Is ‘Subject to Negotiation
A Tesla Inc. Model S electric vehicle sits on display at the company’s showroom in Beijing, China, on Saturday, July 7, 2018.
partner as part of its expansion in the world’s largest electric-car market is a matter that’s “subject to negotiation,” a Shanghai government official said.
The Chinese government has identified electric vehicles as one of the industries it wants to dominate in this century.
Chinese firms are encouraged to borrow ideas from their foreign partners seeking to expand in the nation.
About one in fiveU.S. companies in China have been asked to transfer technology, according to a survey last year.
Mumbai sinking, Delhi being buried under garbage, but govt does nothing: SC
The Supreme Court on Tuesday asked the Delhi government to file an affidavit fixing accountability on the authority responsible for the Capital’s garbage problem.
The court was hearing a petition on garbage management, and wanted to know who was responsible.The bench said it was dismayed that more than two years after the Solid Waste Management Rules were incorporated, a majority of the state governments were yet to comply with the rules.
The Solid Waste Management Rules came into force on or about April 8, 2016. We are two years down the line, but we are shocked to know that more than two-third of the States/UTs in the country have not yet complied with the basic requirement of the Solid Waste Management Rules, 2016,” the bench said.
The top court slapped a fine of Rs one lakh each on Bihar, Chhattisgarh, Goa, Himachal Pradesh, Jammu and Kashmir, West Bengal, Kerala, Karnataka, Meghalaya, Punjab, Lakshadweep and Puducherry for not filing the affidavit despite earlier directions.
The bench also slapped a fine of Rs two lakh each on “remaining defaulting states/UTs” whose lawyers were also not present in the court room during the hearing, without naming these states.
“One final opportunity is given to these States/UTs to comply with the laws governing India, failing which we may have to call the Chief Secretary of the concerned States/UTs to inform us why the laws governing India are not applicable to these States/UTs,” it said and posted the matter for further hearing on August 7.
It said that the costs should be deposited within two weeks from today with the Supreme Court Legal Services Committee for being used on juvenile justice issues.
The tragedy is that more than two-thirds of the States/UTs in the country have neither bothered to comply with the orders passed by the court, nor bothered to comply with the directions given by the ministry of environment, forests and climate change.
This is not only a tragic state of affairs but a shocking state of affairs, particularly since solid waste management is a huge problem in this country,” the bench said.
Every second day, we are attacked for judicial activism. Every now and then there is a statement that courts are resorting to judicial activism or encroaching upon the powers of the executive or the legislature. What should be do when nobody is working, it said.
The court observed that when the state governments do not obey the laws framed by Parliament, how will they care about the rules.