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Fed Judge Dismisses SEC Insider Trading Suit Against NBA Team Owner Mark Cuban

Well, Mark Cuban caught a big break. Now let’s see if he can concentrate more to make his disappointing NBA team better by making an above-board trade.

Mark Cuban/60 mins.
Mark Cuban/60 mins.

By ERIC TORBENSON and BRENDAN CASE
The Dallas Morning News
DALLAS — A federal judge has tossed out the Securities and Exchange Commission’s insider-trading suit against Dallas Mavericks owner Mark Cuban, dealing a stunning defeat to the nation’s securities cop in one of its highest-profile civil actions.

Chief Judge Sidney Fitzwater of Dallas said in a 35-page ruling released Friday that the SEC had failed to prove that Cuban entered into a legal agreement not to trade stock in the search engine firm Mamma.com Inc. after learning nonpublic information about the company’s plans to raise more money.

For Full Story

Read Ruling

The Story When Cuban Was Charged Last Year

httpv://www.youtube.com/watch?v=eWs40vi1LOk

Calif. Postal Worker Stole Money From Kids’ Birthday Cards

istock photo

istock photo

By Allan Lengel
ticklethewire.com

Ok. So this may not be the federal crime of the century, but it may rank as one of the lowlier ones.

Postal worker Dean Hudson, 29, of Marysville,  Calif. pleaded guilty in May to stealing money from childrens’ birthday cards at a postal facility  in northern California, according to court records.

He was sentenced Friday to five months in prison and five months of home detention after his release. He was also ordered to pay $3,000 in restitution.

According to an affidavit by Shani Lee, a special agent with the U.S. Postal Service, homes and local post offices serviced by the distribution center Hudson worked at complained about tampered mail and missing money.

The agent also found that in 2008 Hudson was caught shoplifting at a Target department store.

Read U.S. Postal Agent’s Affidavit

Secret Service Agents Spotted in Nantucket

Rahm Emanuel

Rahm Emanuel

By Allan Lengel
ticklethewire.com

The presence of U.S. Secret Service agents, particularly outside of Washington, often creates a buzz and plenty speculation.

Over the weekend, the Boston Globe reports, agents  were spotted  in Nantucket outside the American Seasons restaurant, which  promotes itself as offering “some of the island’s most creative food, along with a one-of-a-kind boutique wine  list”.

The reason? White House chief of staff Rahm Emanuel was dining there.

A great place to vacation. And not a bad place for Secret Service agents to be working, if you have to be working.

MORE STORIES OF INTEREST

Ex-U.S. Atty. Pat Meehan Speaks Out Against ex-State Sen. Fumo’s Sentence: “A Shame Judge Didn’t Share Jurors’ Disgust”

Pat Meehan is thinking of running for governor. And this is as good as any issue to show how tough he is on crime.  He leaves no doubt that he is sincerely disgusted with what he sees as a lenient sentence.

EX-U.S. Atty. Pat Meehan/facebook photo

EX-U.S. Atty. Pat Meehan/facebook photo

The U.S. Attorney’s Office filed papers on Friday indicating that it planned to appeal the sentence. For more see posting below.

By Pat Meehan
Ex-U.S. Attorney For Eastern District of Pa.
The Philadelphia Inquirer

Pennsylvanians listened for cannon fire. The intended target was the state legislature in Harrisburg, where all 253 members of the General Assembly waited with hands cupped over their ears. They heard nothing.

That’s because when U.S. District Judge Ronald Buckwalter sentenced former State Sen. Vince Fumo to only 55 months’ imprisonment, the discharge was too weak to travel much farther than the courthouse steps.

Fumo, once Pennsylvania’s most powerful Democrat, had been convicted of all 137 criminal counts he faced. He had defrauded the state Senate and two nonprofit organizations, and he treated the commonwealth like his fiefdom. And for this, he received four years and seven months.

After the verdict in March, jurors expressed outrage at Fumo’s disregard for spending, as he called it, “OPM,” or “Other People’s Money.” They couldn’t believe that a public servant would think nothing of using state funds to pay staffers to work on his farm or to hire a private investigator to track his ex-girlfriend. It’s a shame the judge didn’t share the jurors’ disgust.

To Read More

U.S. Attorney’s Office Plans to Appeal Pa. ex-Sen. Vince Fumo’s Lenient Sentence

Outrage has been pouring in since ex-Sen. Vince Fumo, a first-rate shakedown artist was sentenced to 55-months in prison, a sentence that fell short of what he could have gotten under a plea agreement. The government filed papers Friday indicating it plans to appeal the sentencing. This should be interesting.

Ex-Sen. Vincent Fumo/whtm.com photo

Ex-Sen. Vincent Fumo/whtm.com photo

By Brad Bumsted
Pittsburg Tribune Review
HARRISBURG, Pa. – At about $14 apiece, the 91 lobster tails Anthony Jones stole from the kitchen of Bally’s Atlantic City cost the casino $1,275. The theft cost Jones four years in prison.

When U.S. District Judge Ronald Buckwalter imposed a prison sentence of four years and seven months on former Pennsylvania Sen. Vincent Fumo on Tuesday, it drew immediate comparisons to the time behind bars an Atlantic City Superior Court judge gave Jones, 38, just four days earlier.

For a pervasive corruption scheme that prosecutors claim involved more than $4 million in fraud, Buckwalter gave Fumo, 66, a sharply reduced sentence from the 10 to 15 years prosecutors sought, citing his good works as a Democratic senator from Philadelphia. The judge deviated from federal sentencing guidelines and a probation report that recommended 21 to 27 years.

When Philadelphia news outlets reported Jones’ sentence last week, a poster identified only as “Louie45” wrote on a Daily News blog: “this guy should be a state senator in pa. He would have gotten off free and they would have given him the lobsters. This poor guy got 7 months less than the thief FUMO.”

“Scorpio27” wrote: “never steal anything small.”

For Full Story

Fed Judge Gives NPR Science Editor Probation for Downloading Child Porn

The judge says the defendant was a victim of rape himself at the age of 9,  and spared him a prison sentence. Was it right?

npr-logo

By Scott McCabe
Washington Examiner
WASHINGTON — The former NPR science editor who pleaded guilty to downloading videos of young children being raped will not have to spend any time in prison, a federal D.C. judge ruled Thursday.

Cheers, tears and claps erupted in the packed courtroom when U.S. District Court Judge Ellen Huvelle announced she was going to spare David Malakoff from the six to eight years in prison that he was facing based on federal guidelines.

“I say, ‘What further pound of flesh is needed to achieve the goal of punishment?'” asked Huvelle.

In explaining the exceptional step of sentencing below the guidelines, the judge said Malakoff had already thrown away a successful career and has to live with the stigma of being a sex offender for most of the rest of his life. But the strongest argument for the lesser sentence, Huvelle said, was that Malakoff had been raped as a 9-year-old boy and he had looked at the child pornography over five hours last year to relive his own rape.

For Full Story

Read Sentencing Memorandum

FBI Probing D.C. Area Police For Allegedly Protecting Gambling Rings Frequented by Dope Dealers

Historically, as it goes, the Washington area police departments have had relatively little police corruption compared to cities like Chicago, New York and Detroit. But obviously, it hasn’t been non-existent.

dice

By Aaron C. Davis
Washington Post Staff Writer
WASHINGTON –– Federal authorities are investigating whether a group of Washington area police officers took money to protect a high-stakes gambling ring frequented by some of the region’s most powerful drug dealers over the past two years, according to internal police documents and law enforcement sources.

The officers include five veterans in Prince George’s County, a District police official and a former D.C. Housing Authority officer.

Two under investigation have been spotted on police surveillance outside gambling sites, including one providing security in tactical gear. Witnesses have alleged that others wore police uniforms and drove marked cruisers to gatherings. One was arrested in a police raid outside a game with a handgun.

For Full Story

A Fond Farewell to America’s Most Trusted Man: Walter Cronkite Dead at Age 92

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