Billion? (6)

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HOUSTON (KSAT) – A Houston woman has been awarded $1.2 billion after her ex-boyfriend distributed intimate images and videos of her online without her permission — a crime known as “revenge porn.”

The victim was awarded $200 million for past and future mental anguish (compensatory damages) & $1 billion in exemplary damages.

The victim’s ex-boyfriend, Marques Jamal Jackson, has been ordered to pay the damages.

“We are grateful the jury took a strong stand against the defendant’s abhorrent behavior & against imaged-based sexual abuse. While a judgment in this case is unlikely to be recovered, the compensatory verdict gives [the victim] back her good name,” said trial lawyer Bradford Gilde.

Court documents reveal that the former couple initially ended their relationship in 2020 but tried to reconcile several times & didn’t fully separate until the fall of 2021.

During that time, the victim moved back in with her mother & Jackson would log on to the victim’s mother’s home security system to spy on the victim.

Jackson hacked the victim’s work computer, emailed loan officers claiming the victim was submitting fraudulent applications & shared intimate material of the victim on multiple social media websites.

Gilde said Jackson intended to inflict a combination of psychological abuse, domestic violence & sexual abuse.

Trial evidence revealed that Jackson told the victim, “You will spend the rest of your life trying and failing to wipe yourself off the internet. Everyone you ever meet will hear the story & go looking. Happy Hunting.”

“We will forever admire [the victim’s] courage in fighting back. We hope the staggering amount of this verdict sends a message of deterrence and prevents others from this engaging in this despicable activity,” said Gilde.

#revenge #revengeporn #texas #MarquesJamalJackson #MarquesJackson #1billiondollars #sued #lawsuit #ibilliondollarsrevengepornlawsuit #fail #failure #holdthisl #welldamn #girlfriend #boyfriend #boyfriendandgirlfriend #exgirlfriend #exboyfriend #ihatethatiloveyou

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WASHINGTON (AP) — Consumer banking giant Wells Fargo was ordered to pay $3.7 billion in fines & refunds to customers by U.S. government regulators, the largest fine to date against the bank, which has spent years trying to rehabilitate itself after a series of scandals tied to its sales practices.

The amount is nearly quadruple the previous $1 billion penalty that Wells Fargo paid in 2018 to cover widespread consumer law violations.

The Consumer Financial Protection Bureau on Tuesday ordered Wells to repay $2 billion to consumers & enacted a $1.7 billion penalty against the bank. The bureau spelled out a laundry list of consumer financial law violations, from illegal fees & interest on auto loans & mortgages, as well as incorrectly applied overdraft fees against savings & checking accounts.

The bureau says the bad behavior by the bank impacted more than 16 million customers.

Wells Fargo has been repeatedly sanctioned by U.S. regulators for violations of consumer protections law going back to 2016, when Wells employees were found to have opened millions of accounts illegally in order to meet unrealistic sales goals. Since then, Wells has spent its time saying it’s cleaning up its act, only to be repeatedly fined for additional violations of consumer protection law.

The bank remains under a Federal Reserve order forbidding it from growing any larger until the Fed deems that its corporate culture problems are resolved. That order, originally enacted in 2018, was expected to last only a year or 2.

#wellsfargo #wellsfargobank #wellsfargo3billiondollarfine #illegalactivity #forclosure #loans #overdraftfee #mortgage #car #carloan #violation #wellsfargoviolations #wellsfargofined3billiondollars #wellsfargofine #cutthecheck #payup #customers #consumers #violations #bankloan #sanctions

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NEW YORK (Reuters) - A former heavyweight boxer from Montenegro was charged by the U.S. Department of Justice on Monday with trafficking in 22 tons of cocaine worth over $1 billion, most of which was part of 1 of the largest cocaine seizures in American history.

Goran Gogic, 43, was arrested on Sunday night while trying to board a flight to Zurich from Miami International Airport, after being indicted by a grand jury in New York.

Prosecutors charged Gogic with 3 counts of violating the federal Maritime Drug Law Enforcement Act & 1 count of conspiracy. Each count carries a mandatory minimum 10-year prison term & possible life sentence.

The charges stem from the seizures of 22 tons of cocaine from 3 commercial cargo ships in 2019, including 19.8 tons from the MSC Gayane while it was docked at Philadelphia's Packer Avenue Marine Terminal.

Prosecutors said the conspirators transported cocaine to Europe from Colombia through American ports, using cranes & nets at night to hoist drugs onto cargo ships from approaching speedboats along the ships' routes.

The complex operation required knowledge of each ship's crew, route & location data & that there was room to store drugs in shipping containers that were already aboard.

Gogic oversaw the logistics, coordinating with crew members, Colombian traffickers & European dockworkers to benefit himself & his Balkan-based cartels.

At least 8 Gayane crew members have pleaded guilty to conspiracy charges.

Gogic was a boxer from 2001 to 2012, winning 21 bouts & losing 4 with 2 draws.

#cartel #drugcartel #gorangocic #gorangocicdrugtrafficking #gorangocicboxer #gorangociccocaine #dopeman #dopedealer #boxing #boxer #heavyweightboxing #thehurtbusiness #thesweetscience #MaritimeDrugLawEnforcementAct #fbi #feds #usa #america #europe #colombia #doj #departmentofjustice

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WASHINGTON (AP) — Purdue Pharma, the company that makes OxyContin, the powerful prescription painkiller that experts say helped touch off an opioid epidemic, will plead guilty to three federal criminal charges as part of a settlement of more than $8 billion, Justice Department officials told The Associated Press.

The company will plead guilty to three counts, including conspiracy to defraud the United States and violating federal anti-kickback laws, the officials said. The resolution will be detailed in a bankruptcy court filing in federal court.

The deal does not release any of the company’s executives or owners — members of the wealthy Sackler family — from criminal liability. A criminal investigation is ongoing.

The officials were not authorized to discuss the investigation publicly and spoke on condition of anonymity.

The settlement is the highest-profile display yet of the federal government seeking to hold a major drugmaker responsible for an opioid addiction and overdose crisis linked to more than 470,000 deaths in the country since 2000.

As part of the resolution, Purdue will admit that it impeded the Drug Enforcement Administration by falsely representing that it had maintained an effective program to avoid drug diversion and by reporting misleading information to the agency to boost the company’s manufacturing quotas, the officials said.

A Justice Department official said Purdue had been representing to the DEA that it had “robust controls” to avoid opioid diversion but instead had been “disregarding red flags their own systems were sending up.”

Purdue will also admit to violating federal anti-kickback laws by paying doctors, through a speaking program, to induce them to write more prescriptions for the company’s opioids and for using electronic health records software to influence the prescription of pain medication, according to the officials.

Purdue will make a direct payment to the government of $225 million, which is part of a larger $2 billion criminal forfeiture. In addition to that forfeiture, Purdue also faces a $3.54 billion criminal fine, though that money probably will not be fully collected because it will be taken through a bankruptcy, which includes a large number of other creditors. Purdue will also agree to $2.8 billion in damages to resolve its civil liability.

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NEW YORK (AP) — The universe belongs to Marvel. “Avengers: Endgame” shattered the record for biggest opening weekend with an estimated $350 million in ticket sales domestically and $1.2 billion globally, reaching a new pinnacle in the blockbuster era that the comic-book studio has come to dominate.

The “Avengers” finale far exceeded even its own gargantuan expectations, according to studio estimates Sunday. The movie had been forecast to open between $260 million and $300 million in U.S. and Canadian theaters, but moviegoers turned out in such droves that “Endgame” blew past the previous record of $257.7 million, set last year by “Avengers: Infinity War” when it narrowly surpassed “The Force Awakens.”

“Endgame” was just as enormous overseas. Worldwide, it obliterated the previous record of $640.5 million, also set by “Infinity War.” (“Infinity War” didn’t open in China, the world’s second largest movie market, until two weeks after its debut.) “Endgame” set a new weekend record in China, too, where it made $330.5 million.

In one fell swoop, “Endgame” has already made more than movies like “Skyfall,” ″Aquaman” and “The Dark Knight Rises” grossed in their entire runs, not accounting for inflation.

Alan Horn, Disney chairman, credited Marvel Studios and its president, Kevin Feige, for challenging “notions of what is possible at the movie theater.”

“This weekend’s monumental success is a testament to the world they’ve envisioned, the talent involved, and their collective passion, matched by the irrepressible enthusiasm of fans around the world,” Horn said in a statement.

To accommodate demand, the Walt Disney Co. released “Endgame” in more theaters — 4,662 in the U.S. and Canada — than any opening before. Advance ticketing services set new records. Early ticket buyers crashed AMC’s website. And starting Thursday, some theaters even stayed open 72 hours straight.

“We’ve got some really tired staff,” said John Fithian, president and chief executive of the National Association of Theater Owners. “I talked to an exhibitor in Kansas who said, ‘I’ve never sold out a 7 a.m. show on Saturday morning before,’ and they were doing it all across their circuit.”

Not working in the film’s favor was its lengthy running time: 161 minutes. But theaters dedicated more screens to “Endgame” than any movie before it to satiate the frenzy around Joe and Anthony Russo’s film, one which ties together the “Avengers” storyline as well as the previous 21 releases of the Marvel “cinematic universe” begun with 2008′s “Iron Man.”

For an industry dogged by uncertainty over the growing role of streaming, the weekend was a mammoth display of the movie theater’s lucrative potency. Fithian called it possibly “the most significant moment in the modern history of the movie business.”

“We’re looking at more than 30 million American and more than 100 million global guests that experienced ‘Endgame’ on the big screen in one weekend,” Fithian said. “The numbers are just staggering.”

Further boosting the results for “Endgame” were good reviews; it currently ranks as 96% fresh on Rotten Tomatoes, the best rating for any Marvel movie aside from “Black Panther.”

If there was any shadow to the weekend for the theatrical business, it was in just how reliant theaters have grown on one studio: Disney.

Disney now holds all but one of the top 12 box-office openings of all time. (Universal’s “Jurassic World” is the lone exception.) The studio is poised for a record-breaking year, with releases including “Aladdin,” ″Toy Story 2,” ″The Lion King,” ″Star Wars: The Rise of Skywalker” and “Frozen 2” on the horizon.

Following its acquisition of 20th Century Fox, Disney is expected to account for at least 40% of domestic box-office revenue in 2019, a new record of market share. The company’s “Captain Marvel” — positioned as a kind of Marvel lead-in to “Endgame” — also rose to No. 2 on the weekend, eight weeks after it opened.

But theater owners regularly speak of a “halo effect” around a movie like “Endgame.” Such sensations draw in new moviegoers and expose millions to a barrage of movie trailers.

An enormous hit was much needed for a box office that, coming into the weekend, was lagging 16% of the pace of last year’s ticket sales, according to Comscore. “Endgame” moved the needle a little, but the boost was less since “Infinity War” opened on the same weekend in 2018.

No other new wide release dared to open against “Endgame.” The guessing game will now shift to just how much higher “Endgame” can go. Given its start, it’s likely to rival the top three worldwide grossers: “The Force Awakens” ($2.068 billion in 2015), “Titanic ($2.187 billion in 1997) and “Avatar” ($2.788 in 2009).

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Facebook To Buy Instagram For $1 billion

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MSNBC

 

If a picture is worth a thousand words, a website with a boatload of pictures is now worth $1 billion.

 

That is the price Facebook agreed to pay for Instagram, a less-than two-year-old company that makes a wildly popular mobile photography application.

 

"I'm excited to share the news that we've agreed to acquire Instagram and that their talented team will be joining Facebook," Facebook's head honcho Mark Zuckerberg said in a posting on Facebook (where else?) Monday.

 

Facebook, which is busy planning an initial public offering that could value the social networking at more than $100 billion, will pay a combination of cash and stock for Instagram, Reuters reported. Based in San Francisco, Instagram has about a dozen employees. The deal is expected to close by June 30.

 

"For years, we've focused on building the best experience for sharing photos with your friends and family. Now, we'll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests," Zuckerberg said in his Facebook post.

 

Facebook is expected to raise up to $10 billion in its IPO, which could come in May or June.

 

Last year, Facebook reportedly was planning to add filters and other tools to its mobile photography app to match Instagram's popular filters, which allow users to manipulate images to make them look old-timey and add other kinds of effects. The aim was to attract Instagram users and meet a competitive threat.

 

"We’re psyched to be joining Facebook and are excited to build a better Instagram for everyone," Instagram CEO Kevin Systrom said in a statement.

 

He also promised the acquisition would not alter the Instagram experience for its approximately 30 million users.

 

"The Instagram app will still be the same one you know and love. You’ll still have all the same people you follow and that follow you. You’ll still be able to share to other social networks. And you’ll still have all the other features that make the app so fun and unique," Systrom said.

 

Last week, Instagram made the long-awaited announcement that its app was available for users who run Google's Android on their smartphones. Prior to that it was only available on iPhones. The Android app reportedly nabbed about 1 million downloads in the first 24 hours.

 

The acquisition was a strategic departure for Facebook, which until now has been content with buying startups on the cheap for their talent. Instagram will run as an independent app with its own brand.

 

"This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users," Zuckerberg said. "We don't plan on doing many more of these, if any at all."

 

Since Instagram's founding in the autumn of 2010, it has gathered about $50 million in venture funding. That includes about $500,000 in seed investment in March 2010 from Andreesen Horowitz and Baseline Ventures, according to the website Crunchbase.

 

Last year the company raised another $7 million, and this year the company just closed a $50 million round of funding that valued the company at $500 million, according to TechCrunch, meaning those investors virtually doubled their money overnight.



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