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| China court jails 24 over $1.5 bln financial fraud - Xinhua | | | A court in southern China has jailed 24 people for fraudulently raising nearly 10 billion yuan ($1.5 billion) in one of the country's biggest financial scams, the official Xinhua news agency said. Guangdong Bangjia Leasing Co set up four firms in the southern province and many branches and subsidiaries across China, luring retail investors to buy memberships and fund nonexistent loans by promising returns of as much as 47 percent. The case spotlights growing risks in a loosely regulated wealth management products industry, which lures millions of unsophisticated retail investors to high-yield products offered by opaque online finance firms and privately run exchanges. |
| Cambodians admit to raping French tourists in Thailand - foreign ministry | | | Five Cambodian fisherman have confessed to raping and assaulting French tourists on an isolated Thai beach, Cambodia's foreign ministry said in a statement on Tuesday. Thai police said four French tourists were attacked late on Saturday on Koh Kood, a remote island near Thailand's maritime border with Cambodia known for its untamed jungle and pristine beaches. Thai police investigators said the attackers swam from their fishing boat to assault the group and raped two women at knifepoint. |
| China court jails 24 over $1.5-billion financial fraud - Xinhua | | | A court in southern China has jailed 24 people for fraudulently raising nearly 10 billion yuan ($1.5 billion) in one of the country's biggest financial scams, the official Xinhua news agency said. Guangdong Bangjia Leasing Co set up four firms in the southern province and many branches and subsidiaries across China, luring retail investors to buy memberships and fund nonexistent loans by promising returns of as much as 47 percent. The case spotlights growing risks in a loosely regulated wealth management products industry, which lures millions of unsophisticated retail investors to high-yield products offered by opaque online finance firms and privately run exchanges. |
| U.S. sportscaster Erin Andrews tells of shock after nude video posted | |  By Tim Ghianni NASHVILLE, Tenn. (Reuters) - Sports broadcaster Erin Andrews tearfully told a Tennessee jury on Monday of her shock and humiliation after learning that a nude video of her taken by a stalker was posted on the Internet. Andrews, a former ESPN sportscaster who has since moved to Fox Sports, has sued the Marriott Nashville at Vanderbilt University for $75 million over the 2008 incident, in which a man in a neighbouring room, Michael David Barrett, rigged a peep hole and shot the video of Andrews changing. Andrews has blamed former hotel employees for giving out Andrews' room number, which led to Barrett booking the room next door.
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| N.Y. judge backs Apple in encryption fight with government | |  By Julia Harte, Julia Edwards and Julia Love REUTERS - The U.S. government cannot force Apple Inc to unlock an iPhone in a New York drug case, a federal judge in Brooklyn said on Monday, a ruling that bolsters the company's arguments in its landmark legal showdown with the Justice Department over encryption and privacy. The government sought access to the phone in the Brooklyn case in October, months before a judge in California ordered Apple to take special measures to give the government access to the phone used by one of the shooters in the San Bernardino, California, attacks. U.S. ...
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| More than $1 billion was transferred into Malaysia PM's accounts - WSJ | |  Deposits into Malaysian Prime Minister Najib Razak's bank accounts ran to hundreds of millions of dollars more than previously identified by probes into state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal reported on Monday. Citing two unnamed people familiar with flows into Najib's accounts and a person familiar with one overseas investigation, the report said that more than $1 billion was deposited from 2011 to 2013, far more than the $681 million earlier identified. The report contradicts a conclusion reached recently by Malaysia's chief law officer.
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| U.S. State Department releases final batch of Clinton emails | |  By Jonathan Allen NEW YORK (Reuters) - The U.S. State Department released the final batch of Hillary Clinton's emails on Monday from her time at the agency's helm, bringing the final tally of emails it says contain classified information to more than 2,000. Republican rivals in the battle for the Nov. 8 election have cited the email controversy in saying Clinton, the Democratic front-runner, is unfit for the presidency. Clinton, secretary of state from 2009 to 2013, has said her email arrangement broke no rules and that she will be vindicated.
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| Missing Hong Kong bookseller to give up British passport, denies being kidnapped | |  By James Pomfret and Farah Master HONG KONG (Reuters) - A Hong Kong bookseller and British passport holder who disappeared last year has said he will renounce his British citizenship, adding that he had not been kidnapped by Chinese authorities as suspected, but had sneaked into China illegally. Lee Bo, a dual British and Hong Kong citizen, and four associates had gone missing over the past half-year, sparking fears that Chinese authorities had abducted some of the men and taken them back to China.
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| Top Vatican cardinal says senior clergy lied about child sexual abuse | |  By Philip Pullella and Jane Wardell ROME/SYDNEY (Reuters) - Australian Cardinal George Pell, the highest-ranking Vatican official to testify on systemic sexual abuse of children by clergy in the Roman Catholic Church, on Monday said senior clergy lied to him to cover up abuse in the 1970s. The Vatican's treasurer told Australia's Royal Commission into Institutional Response to Child Sexual Abuse that he was deceived about why abusive priests were moved from parish to parish. Pell's testimony to the Australian inquiry into sexual abuse cases that occurred decades ago has taken on wider implications about the accountability of church leaders given his high rank within the church.
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| N.Y. brokers lose SEC insider trading trial over IBM deal tip | | | By Nate Raymond NEW YORK (Reuters) - A federal jury on Monday found two former New York stockbrokers liable for trading on confidential tips about an IBM Corp acquisition, despite a major appeals court ruling that made insider trading cases harder to pursue. In a victory for the U.S. Securities and Exchange Commission, a federal jury in Manhattan found former Euro Pacific Capital Inc brokers Daryl Payton and Benjamin Durant liable for engaging in insider trading. The trial came after a 2014 appellate ruling limiting the scope of insider trading laws forced prosecutors to drop criminal charges against Payton, Durant and three others. |
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