New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea
Technology

New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea

A man involved in a brazen plot to manipulate the stock price of a New Jersey deli’s parent company pleaded guilty to securities fraud on Wednesday.James T. Patten, 64, of North Carolina, admitted to orchestrating a series of misleading trades in an apparent bid to enrich himself and two co-defendants in U.S. District Court in Camden, N.J.Mr. Patten faces up to 20 years in prison and a fine of up to $5 million for securities fraud. He also pleaded guilty to a charge of conspiracy to commit securities fraud, which carries a maximum sentence of five years in prison and a fine of up to $250,000.Mr. Patten’s lawyer, Ira Lee Sorkin, said in an interview on Wednesday that attention on the case “was exaggerated beyond any perception — that this was some $100 million fraud involving a delicatessen...
U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up
Business

U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up

The Biden administration is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has begun urgent discussions with allies about using the funds to aid Ukraine’s war effort at a moment when financial support is waning, according to senior American and European officials.Until recently, Treasury Secretary Janet L. Yellen had argued that without action by Congress, seizing the funds was “not something that is legally permissible in the United States.” There has also been concern among some top American officials that nations around the world would hesitate to keep their funds at the New York Federal Reserve, or in dollars, if the United States established a precedent for seizing the money.But the administration, in coo...
Ukraine Aid Bill Delayed as Border Talks Drag On
World

Ukraine Aid Bill Delayed as Border Talks Drag On

The prospects for passing legislation to speed military aid to Ukraine this year are fading, as Republicans balk at striking a quick deal on immigration policy changes they have demanded in exchange for allowing the bill to move forward.After a weekend of intensive bipartisan border talks yielded progress but no breakthrough, Senator Chuck Schumer, Democrat of New York and the majority leader, acknowledged on Monday that negotiators were still far from completing a deal.“It’s going to take some more time to get it done,” he said on the Senate floor on Monday afternoon, laying out plans for the week that made no mention of any votes on the aid package for Ukraine.That was a reversal from last week, when Mr. Schumer announced he would delay the Senate’s holiday break and keep the chamber in ...
New Hope — and an Old Hurdle — for a Terrible Disease With Terrible Treatments
Health

New Hope — and an Old Hurdle — for a Terrible Disease With Terrible Treatments

Three years ago, Jesús Tilano went to a hospital in a thickly forested valley in Colombia with large open lesions on his nose, right arm and left hand. He was diagnosed with leishmaniasis, a parasitic disease that is spread in the bite of a female sand fly and which plagues poor people who work in fields or forests across developing countries.He was prescribed a drug that required three injections a day for 20 days, each one agonizingly painful. Mr. Tilano, 85, had to make repeated expensive bus trips to town to get them. Then his kidneys started to fail, which is a common side effect of the drug, as are heart failure and liver damage.“The cure was worse than what I had before,” Mr. Tilano said.Leishmaniasis is a terrible disease, with terrible treatments that have hardly changed in a cent...
Sean Payton’s flare-up at Russell Wilson puts coach-QB relationship back in spotlight
Sports

Sean Payton’s flare-up at Russell Wilson puts coach-QB relationship back in spotlight

(Editor’s note: This is excerpted from Mike Sando’s Pick Six of Dec. 18, 2023.)Sean Payton blasting quarterback Russell Wilson on the sideline, then suggesting he was merely upset about officiating, invited all sorts of speculation.It’s hard to fault Payton for losing his cool when officials wiped out a Broncos touchdown with an offensive offside call that seemed indefensible. As one former head coach put it, officials have “lost their minds” searching for penalties associated with Philadelphia’s tush-push plays.It’s just difficult to understand why Payton would funnel any of that rage toward his quarterback.GO DEEPERSean Payton downplays sideline flare up with Russell WilsonThe nature of Payton’s relationship with Wilson faded into the background during a five-game winning streak fueled b...
NASA Streams Cat Video From Deep, Deep Space
Technology

NASA Streams Cat Video From Deep, Deep Space

On Dec. 11, NASA engineers anxiously gathered at the Jet Propulsion Laboratory in Pasadena, Calif., to view a cat video, wondering if it would be in the pristine high definition for which they had hoped.To their relief, it was. For the first time, high-definition video — this one of a lab employee’s cat named Taters — was streamed from 18.6 million miles away, or roughly 80 times the distance from the Earth to the moon, the farthest ever.The demonstration was part of NASA’s Deep Space Optical Communications experiment, aimed at improving the infrastructure for communication beyond the Earth’s orbit. As one example, if humans are to go to Mars, the need exists for larger amounts of data to be transmitted over a longer distance. This demonstration marked another step toward such a possibilit...