April 2024 - cypherpunks - lists.cpunks.org

Attys In Google Maps Case Chided For Wordy Footnotes
by Gunnar Larson 16 Apr '24

16 Apr '24

Attys In Google Maps Case Chided For Wordy Footnotes <https://www.law360.com/competition/articles/1825324?nl_pk=6416fd97-1dc4-4e0…> By Rose Krebs A California federal judge has flagged attorneys representing Google Maps customers in an antitrust action for submitting a filing with "numerous excessively long footnotes," and threatening sanctions if they don't provide a reasonable explanation to the court. 2 documents attached | Read full article » <https://www.law360.com/competition/articles/1825324?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1825324?nl_pk=6416fd97-1dc4-4e0…>

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BREAKING: Justices Decline To Limit Army Vet's Education Benefits
by Gunnar Larson 16 Apr '24

16 Apr '24

BREAKING: Justices Decline To Limit Army Vet's Education Benefits <https://www.law360.com/governmentcontracts/articles/1794876?nl_pk=4126fe73-…> By Kellie Mejdrich An Army veteran who sought additional education benefits to attend Yale Divinity School is owed more federal assistance, the U.S. Supreme Court ruled Tuesday, upending an en banc Federal Circuit ruling that took a narrower view of what he is entitled to based on his multiple tours of duty. Read full article » <https://www.law360.com/governmentcontracts/articles/1794876?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1794876?nl_pk=4126fe73-…>

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An NYDFS-Regulated Bank's Guide To Proper Internal Audits
by Gunnar Larson 16 Apr '24

16 Apr '24

An NYDFS-Regulated Bank's Guide To Proper Internal Audits <https://www.law360.com/cybersecurity-privacy/articles/1819909?nl_pk=3dfd2fd…> As certification deadlines for compliance with the New York State Department of Financial Services’ transaction monitoring and cybersecurity regulations loom, lawyers should remember that the NYDFS offers no leeway for best efforts — and should ensure robust auditing and recordkeeping processes for clients, say attorneys at Arnall Golden. Read full article » <https://www.law360.com/cybersecurity-privacy/articles/1819909?nl_pk=3dfd2fd…> | Save to favorites » <https://www.law360.com/cybersecurity-privacy/articles/1819909?nl_pk=3dfd2fd…>

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Office of Public Affairs | Delaware Woman Arrested for International Sextortion and Money Laundering Scheme | United States Department of Justice
by Gunnar Larson 16 Apr '24

16 Apr '24

https://www.justice.gov/opa/pr/delaware-woman-arrested-international-sextor… A Delaware woman was arrested today in Delaware on criminal charges related to her role in an international sextortion scheme that targeted thousands of victims throughout the United States, Canada, and the United Kingdom. According to an indictment unsealed today, from May 2020 through December 2022, Hadja Kone, 28, of Wilmington, and Siaka Ouattara, 22, of Abidjan, Cote d’Ivoire, and other co-conspirators allegedly operated an international, financially motivated sextortion and money laundering scheme in which the conspirators engaged in cyberstalking, interstate threats, money laundering, and wire fraud. Through the scheme, Kone, Outtara, and others attempted to extort approximately $6 million from thousands of potential victims and successfully extorted approximately $1.7 million from those victims, using CashApp and ApplePay accounts alone. As alleged in the indictment, Ouattara and others posed as young, attractive females online and initiated communications with thousands of potential victims, who were primarily young men and included minors from the United States, Canada, and the United Kingdom. Ouattara and others allegedly offered to provide and/or provided victims with sexual photographs, video recordings, and/or “web cam” or “live video chat” sessions of what they falsely portrayed to be an attractive young female, when in fact they were the ones operating the accounts. Unbeknownst to the victims, during the web cam/live video chats, Ouattara and others surreptitiously recorded the victims as they exposed their genitals and/or engaged in sexual activity. Ouattara and others sent the victims copies of the victims’ fraudulently obtained sexual images and threatened to distribute the victims’ sexual images to the victims’ friends, family members, significant others, employers, and co-workers and to publish the victims’ sexual images widely online, unless the victims transferred funds to designated recipients. Ouattara, Kone, and others also operated infrastructure to transfer the funds illegally obtained from the victims to Ouattara and others located in Côte d’Ivoire and elsewhere overseas. On Feb. 24, Ivoirian authorities separately arrested Ouattara in Abidjan, Cote d’Ivoire, on Ivoirian charges stemming from the same scheme. Kone and Ouattara are each charged with conspiracy to commit cyberstalking and to send interstate threats, conspiracy to engage in money laundering, money laundering, and wire fraud. If convicted, Kone and Ouattara each face a maximum penalty of 20 years in prison for each conspiracy count and money laundering count, and a maximum penalty of 20 years in prison for each wire fraud count. Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division; U.S. Attorney David C. Weiss for the District of Delaware; and Assistant Director Michael Nordwall of the FBI’s Criminal Investigative Division made the announcement. The FBI is investigating the case, with assistance from the government of Cote d’Ivoire. Trial Attorney Austin Berry of the Criminal Division’s Child Exploitation and Obscenity Section, Senior Trial Attorney Mona Sedky of the Criminal Division’s Computer Crime and Intellectual Property Section, and Assistant U.S. Attorney Briana Knox for the District of Delaware are prosecuting the case.

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Do New Yorkers need earthquake insurance?
by Gunnar Larson 16 Apr '24

16 Apr '24

https://www.brickunderground.com/live/ask-an-expert-new-yorkers-earthquake-… Do New Yorkers need earthquake insurance? Earthquake insurance is a supplemental policy that kicks in after building damage exceeds your deductible Deductibles range from 2 to 20 percent of your building's value, depending on location, age, and condition BY JENNIFER WHITE KARP | APRIL 15, 2024 - 3:45PM Lower Manhattan skyline and Chinatown The recent quake in New Jersey that rattled NYC should be a wake-up call to learn about the insurance coverage your building has and what it may be missing, our experts said. I never really thought about an earthquake happening in the NYC area, so the recent quake in New Jersey shook me up for multiple reasons! What do New Yorkers need for earthquake insurance? Major earthquakes are rare for New York City, but small ones do occur and some researchers think NYC is due for a magnitude 5 or higher. It’s important to know that earthquakes are not covered by standard insurance policies. For that reason, the recent quake in New Jersey that rattled NYC should be a wake-up call to learn about your building's insurance coverage and what may be missing, our experts said. Earthquake insurance covers damage from shaking and cracking and coverage is usually done as a supplemental policy that kicks in after damage to a building exceeds your policy’s deductible. These policies often have high deductibles, said Loretta L. Worters, vice president of media relations for the Insurance Information Institute. She said deductibles range from 2 percent to as high as 20 percent of the value of your building, depending on its location, age, and condition. A property may have to be inspected and upgraded before qualifying for earthquake insurance, for example, the structure may need to be bolted to its foundation, chimneys and walls braced, or other improvements. Unreinforced masonry buildings are most vulnerable Worters pointed to a 2003 report from The New York City Area Consortium for Earthquake Loss Mitigation that said unreinforced masonry buildings, which are predominant in NYC, are the most vulnerable to an earthquake because the material is brittle and does not absorb motion, making the walls likely to collapse out (among the many fearsome scenarios outlined). NYC has some of the toughest building codes in the country, but there are also older buildings that went up before the codes were enacted. If you live in a building that went up in the late 1800s and has not undergone a major renovation, it can be vulnerable. Co-op and condo boards should read their policies The recent earthquake is a reminder for co-op and condo boards to read their master insurance policies, said Philip Maltaghati, co-CEO of United Public Adjusters & Appraisers, which helps buildings file insurance claims. Most New Yorkers are not very familiar or don’t understand insurance terminology and most apartment buildings are “grossly under-insured,” he said. “Conversations about earthquake insurance should be happening without a doubt,” he told Brick. And they should be part of a larger discussion about how NYC residential buildings can be protected when significant damage occurs. Following the earthquake, Maltaghati did a random survey of some New York building insurance policies. He found a wide range of coverage and deductibles, and even where there was additional coverage for earthquakes, it was not adequate. He said that one Manhattan condo building had a master policy with a $100,000 deductible for earthquakes under the "earth movement" category, without explicitly excluding earthquake damages—meaning owners would have to eat the cost of the first $100,000 for damaged property. He also found policies for co-op buildings with earthquake coverage that had significant deductibles relative to the properties’ value. At the same time, NYC buildings are grappling with rising premiums, so a higher premium or deductible is not an easy case to make to a board. Another area where cutting costs can hurt: Maltaghati pointed out that many management companies don’t hire risk managers who can spot gaps in insurance coverage. “It’s expensive,” he said. Code upgrade and replacement cost coverage Here are some solutions that he highly recommends to condo and co-op boards: Maltaghati recommends buildings have ordinance or law coverage, also known as code upgrade coverage. This pays for expenses that occur when you have to bring your building up to code after a claim. He also recommends buildings have replacement cost coverage to reimburse the cost of rebuilding “if God forbid something terrible happens.” If you don’t know how to determine the replacement value of your building, he said to hire an experienced commercial appraiser—that may set you back $10,000 or more—then give that cost to the insurance broker. “You want to be able to say, ‘we did an appraisal and it said we should be insured for this amount,’” he said. His firm will review your building’s insurance policy for free to identify gaps in coverage, he added. What property owners can do about insurance Your concern can be put to good use if it prompts you to investigate what sort of insurance coverage you have, said Dawn David, a broker at Corcoran. Even though the earthquake shook up a lot of New Yorkers, “many have already forgotten about it,” she said. “When you’re living in NYC, you’re not thinking about earthquakes the way Californians do,” she said. Standard owners and renters insurance policies do not cover earthquake damage, as this Forbes article explains. One exception is if there is a fire sparked by an earthquake, your policy will cover fire-related damage. David said another event changed her approach to insurance. When she was part of the management team for a condo building, a flood occurred in one of the units. That prompted her to start collecting insurance information from other unit owners to make sure that owners were adequately insured as required by the building. She found out something interesting: Owners who live in their apartments were carrying more coverage for personal items compared to owners who used their units as a pied-à-terre or rented them out—a curious approach since leaks and fires can happen whether you’re in town or not. To keep track of owners and renters’ insurance documents, she uses BuildingLink’s property management portal, which last year added an insurance compliance module. Residents can use the site to submit their policy information to management for approval, and management can keep track of when a policy is going to expire, for example.

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Your Freedom of Information Law Request FOIL-2023-096828-022052 - (LendingClub.com September 11 Board of Directors resignation)
by Gunnar Larson 16 Apr '24

16 Apr '24

---------- Forwarded message --------- From: <Carmen.Garrett(a)dfs.ny.gov> Date: Tue, Apr 16, 2024, 12:40 PM Subject: Your Freedom of Information Law Request FOIL-2023-096828-022052 To: <G(a)xny.io> Good afternoon: Attached, please find correspondence from the New York State Department of Financial Services pertaining to your FOIL request. Thank you. Tracking Number:FOIL-2023-096828-022052 SENT VIA EMAIL G(a)xny.io April 16, 2024 Mr. Gunnar D Larson xNY.io - Bank.org 406 West 25th Street New York, NY 10001 Re: Freedom of Information Law (“FOIL”) Tracking No. 2023-096828 Dear Mr. Gunnar D Larson: I write in response to the FOIL request that you submitted to The New York State Department of Financial Services (“Department”), which has been assigned tracking number 2023-096828. The Department requires additional time to respond to your FOIL request because we are still working on your request. The Department intends to provide its determination of your request by May 15, 2024. Thank you. 2024-096828: 3/13/24: Please submit any and all records related to the LendingClub.com September 11 Board of Directors resignation below. The date of the resignation is in question. You may understand the sensitive nature of the date of the resignation Gunnar Larson Sun, Oct 24, 2021, 5:06 PM to Anuj, Investor, Press Hello there: Thank you very much for the reply. Gunnar On Sun, Oct 24, 2021, 11:36 AM Anuj Nayar wrote: Hi Gunnar On September 11, 2021, in connection with her nomination to serve as superintendent of the New York State Department of Financial Services, Adrienne Harris notified us of her resignation, effective September 12, 2021, from the Company’s Board. Details can be found in the 8k filed on 9/15/21 (below) https://d18rn0p25nwr6d.cloudfront.net/CIK- 0001409970/bbc437e4-2920-4d5d-8e0d-86bca622f0ca.pdf From: Gunnar Larson Date: Saturday, October 23, 2021 at 9:37 AM To: Investor Relations , Press Cc: Gunnar Larson Subject: [EXT] LendingClub: Current Board of Directors CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Dear Madam or Sir: Good day to you. Surveying market research, I was wondering if you can kindly confirm, from LendingClub's July 15, 2021 press release: Is Ms. Adrienne Harris currently a member of LendingClub's board of directors? https://www.prnewswire.com/news-releases/lendingclub-appoints-adrienne-harr… board-of-directors-301335198.html#financial-modal [prnewswire.com] Reviewing your website, Ms. Harris is not referenced: https://www.lendingclub.com/company/leadership Bloomberg and other sources do not reference Ms. Harris as a LendingClub board member: https://www.bloomberg.com/quote/LC:US [bloomberg.com] Sending you the very best regards. Thank you, Gunnar -- Gunnar Larson - xNY.io [xny.io] | Bank.org [bank.org] MSc [unic.ac.cy] - Digital Currency MBA [unic.ac.cy] - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454- 9107 New York, New York 10001

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Your Freedom of Information Law Request FOIL-2023-096848-022051 - (2022 New York City Pension/Investment Management Asset Performance)
by Gunnar Larson 16 Apr '24

16 Apr '24

---------- Forwarded message --------- From: <Carmen.Garrett(a)dfs.ny.gov> Date: Tue, Apr 16, 2024, 12:33 PM Subject: Your Freedom of Information Law Request FOIL-2023-096848-022051 To: <G(a)xny.io> Good afternoon: Attached, please find correspondence from the New York State Department of Financial Services pertaining to your FOIL request. Thank you. Tracking Number:FOIL-2023-096848-022051 SENT VIA EMAIL G(a)xny.io April 16, 2024 Mr. Gunnar D Larson xNY.io - Bank.org 406 West 25th Street New York, NY 10001 Re: Freedom of Information Law (“FOIL”) Tracking No. 2023-096848 Dear Mr. Gunnar D Larson: I write in response to the FOIL request that you submitted to The New York State Department of Financial Services (“Department”), which has been assigned tracking number 2023-096848. The Department requires additional time to respond to your FOIL request because we are still working on your request. The Department intends to provide its determination of your request by May 15, 2024. Thank you. 2024-096848: 3/13/24: While surveying 2022 New York City Pension/Investment Management Asset Performance, xNY.io - Bank.org noticed an overall negative return for the five systems referenced here: https://comptroller.nyc.gov/services/financial-matters/pension/asset-perfor…. xNY.io - Bank.org seeks access to any and all records explaing 2022 New York City Pension/Investment Management Asset Performance as a loss for all five funds. Comprehensively, the mechanisms for garnering public equity are easily understood and easy to execute. An advantage for public equity is its liquidity as most publicly traded stocks are available and easily traded daily through public market exchanges. Related to New York City Pension/Investment Management Asset Performance, public equity investments do not include individual stocks under "asset type" and "asset name." xNY.io - Bank.org would like to receive record if the five systems owned PayPal (PYPL) as an individual investment as part of fund investment across the systems between FY 2020 and 2022. Additionally, xNY.io - Bank.org seeks trading history ststements of PYPL across the five systems between FY 2020 and 2022.

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Justice Thomas Misses Monday's Supreme Court Arguments
by Gunnar Larson 16 Apr '24

16 Apr '24

Justice Thomas Misses Monday's Supreme Court Arguments <https://www.law360.com/competition/articles/1825327?nl_pk=6416fd97-1dc4-4e0…> By Katie Buehler U.S. Supreme Court Justice Clarence Thomas was absent Monday for oral arguments examining disputes over whether accepting illegal gratuities without a quid pro quo is prohibited under a federal bribery statute and what test courts should apply when determining whether malicious prosecution claims can proceed. Read full article » <https://www.law360.com/competition/articles/1825327?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1825327?nl_pk=6416fd97-1dc4-4e0…>

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Apple Faces Two Suits Over IPhone Market Dominance
by Gunnar Larson 16 Apr '24

16 Apr '24

Apple Faces Two Suits Over IPhone Market Dominance <https://www.law360.com/competition/articles/1825216?nl_pk=6416fd97-1dc4-4e0…> By Katryna Perera Apple has been hit with a pair of suits alleging it has unfairly stifled competition in the smartphone market and that its practices and iPhone sales have violated federal securities and antitrust laws. 2 documents attached | Read full article » <https://www.law360.com/competition/articles/1825216?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1825216?nl_pk=6416fd97-1dc4-4e0…>

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AML Exec Loses Bid For Interim Pay In Whistleblowing Case
by Gunnar Larson 16 Apr '24

16 Apr '24

AML Exec Loses Bid For Interim Pay In Whistleblowing Case <https://www.law360.co.uk/financial-services-uk/articles/1824685?nl_pk=a94fc…> By Tabitha Burbidge The co-founder of a London-based payments platform provider has lost his bid to be paid his £190,000 ($237,000) salary while he pursues a whistleblowing and unfair dismissal claim against the company. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/1824685?nl_pk=a94fc…> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/1824685?nl_pk=a94fc…>

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