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Thread: News and Other Nonsense

  1. #1771
    Strangerer Rum 509's Avatar
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    Martin Shkreli Is Found Guilty of Fraud

    Martin Shkreli, accused of defrauding his hedge fund investors and a pharmaceutical company, was convicted on three of eight counts on Friday, after a five-week trial in the Federal District Court in Brooklyn.

    Mr. Shkreli was convicted of securities fraud in connection with his hedge fund MSMB Capital; of securities fraud in connection with another hedge fund he ran, MSMB Healthcare; and of conspiracy to commit securities fraud, related to a scheme in which he tried to secretly control a huge portion of shares of Retrophin, a drug company he started.

    He faces up to 20 years on each of the first two counts, and up to five years on the final count.

    ...

    He became widely known after raising the price of a drug called Daraprim to $750 a pill from $13.50 overnight. He courted controversy, defending the price increase, then bragging that he had bought the sole copy of a Wu-Tang Clan album for a reported $1 million.

  2. #1772
    Why is this happening to me? beanstew's Avatar
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    How a fish tank helped hack a casino
    Hackers are constantly looking for new ways to access people’s data. Most recently, the way was as simple as a fish tank.

    The hackers attempted to acquire data from a North American casino by using an Internet-connected fish tank, according to a report released Thursday by cybersecurity firm Darktrace.

    The fish tank had sensors connected to a PC that regulated the temperature, food and cleanliness of the tank.

    “Somebody got into the fish tank and used it to move around into other areas (of the network) and sent out data,” said Justin Fier, Darktrace’s director of cyber intelligence.

    The casino’s name and the type of data stolen were not disclosed in the report for security reasons, Darktrace said. The report said 10 GB of data were sent out to a device in Finland.

    “This one is the most entertaining and clever thinking by hackers I’ve seen,” said Hemu Nigam, a former federal prosecutor for computer crimes and current chief executive of SSP Blue, a cybersecurity company.
    As an infosec guy this makes me .
    Maybe for once, someone will call me "Sir" without adding, "You're making a scene."

  3. #1773
    Why is this happening to me? beanstew's Avatar
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    Quote Originally Posted by Rum 509 View Post
    The piece of shit is off to jail.

    Martin Shkreli to be jailed after bail is revoked
    A judge sided with a government demand to jail Shkreli following his provocative online antics.

    A defence attorney had argued in court papers that Shkreli's recent offer to pay a $5,000 bounty for securing a Hillary Clinton hair with a follicle while she's on a book tour was merely a tasteless joke comparable to some of President Donald Trump's derisive comments, not a threat worthy of putting him behind bars.

    “Indeed, in the current political climate, dissent has unfortunately often taken the form of political satire, hyperbole, parody or sarcasm,” wrote the lawyer, Ben Brafman. “There is a difference, however, between comments that are intended to threaten or harass and comments — albeit offensive ones — that are intended as political satire or strained humor.”

    The attorney was responding to government filings last week that argued Shkreli's behaviour was threatening enough to jail him while he awaits sentencing for his securities fraud conviction. Prosecutors said the posting prompted the Secret Service to use more resources because it ran the risk that many of Shkreli's social media followers would think he was serious.

    The judge said the offer for Ms Clinton hair was “solicitation of an assault” that is not protected by the First Amendment, and there was “a risk someone may take” Shkreli up on his offer.
    Potentially lethal levels of schadenfreude here.
    Maybe for once, someone will call me "Sir" without adding, "You're making a scene."

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