Category Archives: Business Law

Information about legal issues affecting small businesses, including big business. The latest news, videos, and discussion topics on Legal Issues involving business and money.

Inside the Sinaloa Cartel’s Move Toward Europe

Police agencies have long known that Mexican drug cartels help supply Europe’s nearly US$10 billion annual cocaine habit, but acknowledge they have little idea about the workings of these highly organized and well-financed operations.

But now, a recent Italian police investigation, code-named Operation Halcon, has provided the most in-depth look yet into how Mexico’s leading drug traffickers, the Sinaloa Cartel, do business in Europe. IrpiMedia, OCCRP’s Italian partner, obtained access to police files and surveillance reports that show the cartel’s methods in unprecedented detail.About This ReportThis article was produced in collaboration with “The Cartel Project,” an investigation coordinated by Paris-based Forbidden Stories. It involves 60 journalists from 25 organizations in 18 countries and involves various aspects of Mexican cartel violence, including the murders of journalists in Veracruz state. Forbidden Stories is a nonprofit group dedicated to continuing the work of journalists silenced by homicide.Read more

Operation Halcon started in early 2019, at a time when Europe was being flooded with cocaine from Latin America. The Sinaloa Cartel, a global leader in cocaine sales with operations in at least 50 countries, was looking for new routes into Italy as a way to

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Biggest mafia trial in 30 years sees 350 mobsters and corrupt politicians packed into call centre converted into court

SECRETS of Italy’s richest mafia are about to be revealed as hundreds of suspected gangsters are to face justice in the biggest mob trial in more than 30 years.

Alleged members of the ‘NDrangheta – including corrupt politicians – will be locked in cages during hearings, due to take place at a huge call centre in Calabria that has been converted into a courtroom.

It will now seat almost 1,000 lawyers, judges, prosecutors and spectators taking part in the trial which will expose the inner workings of Italy’s most secretive mafia – due to start on Wednesday.

Investigators will reveal 24,000 wiretaps and bugged conversations to back up charges of murder, extortion and drug dealing.

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Federal Court Declares Genetically Engineered Salmon Unlawful

Victory: Court rules U.S. Food and Drug Administration failed to analyze the risk escaped engineered salmon pose to endangered wild salmon

SAN FRANCISCO, CA — Today, the U.S. District Court for the Northern District of California ruled the Food and Drug Administration (FDA) violated core environmental laws in approving the genetically engineered (GE) salmon. The Court ruled that FDA ignored the serious environmental consequences of approving genetically engineered salmon and the full extent of plans to grow and commercialize the salmon in the U.S. and around the world, violating the National Environmental Policy Act.

The Court also ruled that FDA’s unilateral decision that genetically engineered salmon could have no possible effect on highly-endangered, wild Atlantic salmon was wrong, in violation of the Endangered Species Act. The Court ordered FDA to go back to the drawing board and FDA must now thoroughly analyze the environmental consequences of an escape of genetically engineered salmon into the wild.

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Jeff Epstein Money and his role in the 2008 financial collapse

1970’s

 
Takes a teaching job with no experience at a rich kids school, most likely to become close to students parents. He had parent teacher conferences and grew close to CEO of Bear Stearns. Later got a job at Bear Stearns with no experience. Met very powerful and rich clients of the company. Eventually became the the companies advisor to the wealthiest clients on tax avoidance. He was close to the heads of Stearns until they folded and closed shop than distance himself.
 

1980’s

 
in August 1981, Epstein founded his own consulting firm, Intercontinental Assets Group Inc. (IAG) which assisted clients in recovering stolen money from fraudulent brokers and lawyers. Epstein described his work at this time as being a high-level bounty hunter. He told friends that he worked sometimes as a consultant for governments and the very wealthy to recover embezzled funds, while at other times he worked for clients who had embezzled funds.  Ana Obregón was one such wealthy Spanish client, who Epstein helped in 1982 to recover her father’s millions in lost investments, which had disappeared when Drysdale Government Securities collapsed because of fraud. Not sure where he learned this process or how he recovered ppls funds. 
During this period, one of Epstein’s clients was the Saudi Arabian businessman Adnan Khashoggi (his nephew journalist was recently killed by the saudi gov…same prince in epsteins black book), who was the middleman in transferring American weapons from Israel to Iran, as part of the Iran–Contra affair in the 1980s. Khashoggi was one of several defense contractors that he knew. In the mid-1980s, Epstein traveled multiple times between the United States, Europe and Southwest Asia. While in London, Epstein met Steven Hoffenberg. They had been introduced through Douglas Leese, a defense contractor, and John Mitchell, the former U.S. Attorney General. (prob got under the table money organizing iran contra affair as the middle man was worth 4 billion dollars)

Late 1980’s

Steven Hoffenberg hired Epstein in 1987, as a consultant for Tower Financial Corporation a collection agency that bought debts people owed to hospitals, banks, and phone companies. Hoffenberg set Epstein up in offices in the Villard House and paid him US$25,000 per month for his consulting work (equivalent to $55,000 in 2018).  (why would epstein get paid that much a month for being a debt collector for phone bills). Hoffenberg and Epstein then refashioned themselves as corporate raiders using Tower Financial as their raiding vessel. One of Epstein’s first assignments for Hoffenberg was to implement what turned out to be an unsuccessful bid to take over Pan American World Airways in 1987. A similar unsuccessful bid in 1988 was made to take over Emery Air Freight Corp. During this period, Hoffenberg and Epstein worked closely together and traveled everywhere on Hoffenberg’s private jet.

In 1993, Tower Financial Corporation imploded as one of the biggest Ponzi schemes in American history which lost its investors over US$450 million. In court documents, Hoffenberg claimed that Epstein was intimately involved in the scheme. Epstein left the company by 1989 before it collapsed and was never charged for being involved with the massive investor fraud committed. It is unknown if Epstein acquired any stolen funds from the Tower Ponzi scheme.  —- Epstein was never charged but the Hoffenberg got 20 years in jail…and only 60 million was paid back…about 400 million went missing…..
Where did his money come from?  hm hm hm Where did this money go from one of the biggest ponzi schemes ever in history? He was never charged either?

The 1990’s

Basically laid low and hustled the owner of Victoria’s Secret for million’s and housed models for fashion shows and shoots.

Early 2000’s

Went back to his old boss he met from being a teacher at a parent conference. His old company Bear Stearns to front 40% and partner with him on a creating a new financial market…the repo debt market. Epstein was creating this “industry” — This created Bear Stearn holding a large amount of collateral in regards for possible money to be paid back…which they were the first to crash during the 2008 financial collapse …but he also got Stearns to go in on another fund to invest 17 dollars for every 1 dollar he invested…. which killed Stearns over 1 billion dollars they lost from him which spiraled the entire american economy …but when this was going on…epstein quietly was making a deal for his arrest in 2008 for sex with minors…and in no way bear stearns would at the time admit to taking financial advise from not only a child rapist and accused ponzi schemer ….if that had come out that the due diligence of one of the biggest financial firms was non existent…at the same time as Bernie Madoff being arrested
 

2015’s

 
Starts a security agency in Israel with the Former Prime Minister (after he already was arrested and served time for having sex with children)
 

Conclusion

 
This man just isn’t this smooth at selling smart and powerful people…and for them to give him money. A con man from the start..and in various industries too none the less…even owned various magazines and papers and real estate companies. (clearly to launder money hence his carribean island life) — Tax havens. 

The dark side of Japan’s anime industry

Anime brings in more than $19 billion a year. Its artists are earning barely enough to survive.

Pikachu’s thunderbolt struck America in 1998 and changed the lives of a generation.

The US anime craze started at the turn of the century with Sailor Moon’s middle-school magical girls out to save faraway planets; One Piece’s pirates, cyborgs, and fish people seeking a legendary treasure; and Pokémon’s Ash Ketchum on a noble quest to “catch ’em all.”

These classic shows and many others led the charge; between 2002 and 2017, the Japanese animation industry doubled in size to more than $19 billion annually. One of the most influential and renowned anime, Neon Genesis Evangelion, finally debuted on Netflix this month, marking the end of years of anticipation and a new pinnacle in anime’s global reach.

But anime’s outward success conceals a disturbing underlying economic reality: Many of the animators behind the onscreen magic are broke and face working conditions that can lead to burnout and even suicide.

The tension between a ruthless industry structure and anime’s artistic idealism forces animators to suffer exploitation for the sake of art, with no solution in sight.

Anime’s slave labor problem

Anime is almost entirely drawn by hand. It takes skill to create hand-drawn animation and experience to do it quickly.

Shingo Adachi, an animator and character designer for Sword Art Online, a popular anime TV series, said the talent shortage is a serious ongoing problem — with nearly 200 animated TV series alone made in Japan each year, there aren’t enough skilled animators to go around. Instead, studios rely on a large pool of essentially unpaid freelancers who are passionate about anime.

At the entry level are “in-between animators,” who are usually freelancers. They’re the ones who make all the individual drawings after the top-level directors come up with the storyboards and the middle-tier “key animators” draw the important frames in each scene.

In-between animators earn around 200 yen per drawing — less than $2. That wouldn’t be so bad if each artist could crank out 200 drawings a day, but a single drawing can take more than an hour. That’s not to mention anime’s meticulous attention to details that are by and large ignored by animation in the West, like food, architecture, and landscape, which can take four or five times longer than average to draw.

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