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BREAKING: Glenmark Will Pay $25M To End Feds' Price-Fixing Suit
by Gunnar Larson 04 Sep '24

04 Sep '24

BREAKING: Glenmark Will Pay $25M To End Feds' Price-Fixing Suit <https://www.law360.com/competition/articles/1876584?nl_pk=6416fd97-1dc4-4e0…> By Travis Bland Glenmark Pharmaceuticals USA will pay $25 million to resolve allegations that it violated the False Claims Act by conspiring to fix the price of a generic high cholesterol drug, federal prosecutors announced Wednesday. Read full article » <https://www.law360.com/competition/articles/1876584?nl_pk=6416fd97-1dc4-4e0…> | Save to favorites » <https://www.law360.com/competition/articles/1876584?nl_pk=6416fd97-1dc4-4e0…>

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After JPMorgan Threatens to Sue, the Fed Cuts Its Capital Requirement on the 5-Count Felon from a Planned 25 Percent Hike to Less than 8 Percent
by Gunnar Larson 04 Sep '24

04 Sep '24

https://wallstreetonparade.com/2024/09/after-jpmorgan-threatens-to-sue-the-… By Pam Martens and Russ Martens: September 4, 2024 ~ Jerome Powell, July 14, 2021It appears that Senator Elizabeth Warren was spot on in her assessment of the lack of a backbone for Federal Reserve Chairman Jerome Powell when it comes to raising capital requirements on the powerful megabanks on Wall Street. At a March 7 Senate Banking Committee hearing in which Powell was appearing as a witness, Warren said this: “Despite all you said last year when the banks failed [in the spring banking crisis of 2023] about supporting Vice Chair Barr’s recommendations to strengthen rules for big banks, public reporting now says that you are driving efforts inside the Fed to weaken the capital rule. You even told the House Financial Services Committee representatives yesterday that you think it’s ‘very plausible’ that you withdraw the rule.” The capital rule that Senator Warren is referring to was proposed more than a year ago by federal banking agencies but has yet to be enacted. It is formally known as the Basel III (or Basel Endgame) rule. Jamie Dimon, the Chairman and CEO of JPMorgan Chase, has been leading the charge to stop federal bank regulators from implementing the rule. (See Jamie Dimon Hires Dodd-Frank Hatchet Man to Weigh Suing the Fed Over Proposed Capital Rules.) Warren concluded her comments to Powell at the March hearing with this: “You are the leader of the Fed and when the heat was on last year, you talked a lot about getting tougher on the banks. But now the giant banks are unhappy about that and you’ve gone weak-kneed on this. The American people need a leader at the Fed who has the courage to stand up to these banks and protect our financial system.” Dimon is aggressively fighting the rule change most likely because higher capital requirements could restrict the bank’s ability to prop up its share price with multi-billion-dollar stock buybacks each year, increase its dividend to appease its shareholders that this multi-felon bank is on the right course and lavish multi-million dollar bonuses on Dimon. Powell has now demonstrated Senator Warren’s ability to correctly read the tea leaves. Quietly, at 5 p.m. last Wednesday, before the long Labor Day weekend, the Fed released its new capital requirements for the megabanks that will become effective on October 1, 2024. We know that federal banking regulators had originally planned to increase JPMorgan Chase’s capital by 25 percent because Dimon stated that fact in his April letter to shareholders, writing that if the capital rules proposed by the FDIC, Office of the Comptroller of the Currency and the Federal Reserve are implemented, they “would increase our firm’s required capital by 25%.” But instead of 25 percent, the Fed raised JPMorgan Chase’s capital requirement by just 7.89 percent from the 2023 level, taking it from a total capital requirement of 11.4 in 2023 to just 12.3 in 2024. Had the 25 percent increase been imposed, JPMorgan Chase’s capital requirement would have totaled 14.25. JPMorgan Chase is the largest U.S. bank and has for years been ranked by its regulators as – by far – the riskiest bank in the United States. The U.S. Treasury’s Office of Financial Research, which was created under the Dodd-Frank financial reform legislation of 2010 to provide federal regulators with up-to-date research on threats to financial stability, has created a “Bank Systemic Risk Monitor” that provides an overall score to show the systemic risk a particular bank represents to U.S. financial stability. The current chart is shown in the graph at the top of this article. JPMorgan Chase’s score of 857 is 23 percent higher than the next riskiest bank on the list, Citigroup, which has a systemic risk score of 697. (Citigroup is the bank that blew itself up in the financial crash of 2008 and received over $2.5 trillion in secret revolving loans from the Fed from December 2007 through July of 2010 according to the eventual audit released by the Government Accountability Office.) But of particular note, JPMorgan Chase’s score is twice that of Deutsche Bank USA (DB USA), which has a systemic risk score of 422. And yet, here is what the Fed did last Wednesday. It raised Deutsche Bank USA’s capital requirement from 13.8 in 2023 to 18.4 currently – an increase of a whopping 33 percent versus an increase of 7.89 percent for JPMorgan Chase. Jamie Dimon has been personally making the rounds in Washington in an effort to stop the implementation of the proposed capital rules. Internal government documents show that Dimon and his Chief of Staff, Judith Miller, met separately with the following Fed Governors on December 15 of last year: Fed Governor Adriana Kugler; Fed Vice Chair Philip Jefferson; and Fed Governor Christopher Waller. Financial Times reporters Joshua Franklin and James Politi reported that in mid March, Dimon met in a one-on-one meeting with Vice President Kamala Harris and separately with President Biden’s Chief of Staff, Jeff Zients. In a July 2 letter to Powell, Senator Warren described a “culture of corruption” that has taken root at the Fed since Powell became Chair. Among numerous issues, Warren cited the following: “I am particularly concerned about reports that you have met or had private conversations with Jamie Dimon, the CEO of JPMorgan Chase, at least 19 times since becoming Chair of the Federal Reserve in February 2018. You have also reportedly met ten times with BlackRock CEO Larry Fink, seven times with Goldman Sachs CEO David Solomon, and at least nine times with the heads of other major banks. This is an astonishing amount of your time to give to the CEOs of the nation’s largest banks and financial firms.” In addition to Warren, the watchdog group, Better Markets, has pushed back hard on the lies and fictions that the Wall Street megabanks are spreading in hopes of killing the more stringent capital rules. The YouTube video below features Better Markets’ Director of Banking Policy, Shayna Olesiuk, addressing those misleading claims.

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Fwd: [EXTERNAL EMAIL] - Fwd: Complaint Referral Form Internet Crime Complaint Center - New York State's Notary Verification System
by Gunnar Larson 04 Sep '24

04 Sep '24

---------- Forwarded message --------- From: FOIPAQUESTIONS(a)FBI.GOV <FOIPAQUESTIONS(a)fbi.gov> Date: Fri, Aug 23, 2024, 2:40 PM Subject: RE: [EXTERNAL EMAIL] - Fwd: Complaint Referral Form Internet Crime Complaint Center - New York State's Notary Verification System To: Gunnar Larson <g(a)xny.io> Thank you for contacting foipaquestions(a)fbi.gov. The foipaquestions(a)fbi.gov email address is not the proper submission method for new Freedom of Information/Privacy Act (FOIPA) requests. You may submit your request electronically at https://efoia.fbi.gov (available 24 hours a day), or mail it to FBI, Attn: FOIPA Request, 200 Constitution Drive, Winchester, VA 22602-4843 <https://www.google.com/maps/search/200+Constitution+Drive,+Winchester,+VA+2…>. Please be sure to include your contact information, to include complete mailing address, on any correspondence. Additional information about the FOIPA can be found at http://www.fbi.gov/foia. Should you have questions about preparing or submitting your request, please feel free to reach out. Respectfully, Public Information Officer FBI - Information Management Division 200 Constitution Drive <https://www.google.com/maps/search/200+Constitution+Drive?entry=gmail&sourc…> Winchester, VA 22602 O: (540) 868-4593 E: foipaquestions(a)fbi.gov Do you have further questions about the FOI/PA process? Visit us at http://www.fbi.gov/foia Please check the status of your request online at https://vault.fbi.gov/fdps-1/@@search-fdps Status updates are performed on a weekly basis. Note: This is a non-emergency email address. If this is an emergency, please call 911 directly. If you need to report a tip for immediate action, please contact FBI Tips at http://tips.fbi.gov/ or reach out to your local field office. *From:* Gunnar Larson <g(a)xny.io> *Sent:* Thursday, August 22, 2024 7:56 PM *To:* FOIPAQUESTIONS <FOIPAQUESTIONS(a)FBI.GOV> *Cc:* cypherpunks <cypherpunks(a)lists.cpunks.org> *Subject:* Re: [EXTERNAL EMAIL] - Fwd: Complaint Referral Form Internet Crime Complaint Center - New York State's Notary Verification System Dear FBI Public Information Officer: The FOIA allows requesters to file an administrative appeal with the agency for any information that was denied in response to a FOIA request. Can you please advise if thr FOIA request should be appealed one of the following reason(s): - the refusal to release a record, either in whole or in part - the determination that a record does not exist or cannot be found - the determination that the record you sought was not subject to the FOIA - the denial of a request for expedited processing the denial of a fee waiver request. Thank you, Gunnar Larson On Thu, Aug 22, 2024, 2:15 PM FOIPAQUESTIONS(a)FBI.GOV <FOIPAQUESTIONS(a)fbi.gov> wrote: The Record/Information Dissemination Section is not an investigative section of the FBI and only processes Freedom of Information/Privacy Act (FOIPA) requests. To report criminal activities please access the FBI’s homepage on the internet at http://www.fbi.gov/. Option 1-Access the ‘CONTACT US’ link at the top and then select the “Submit a Tip on Crime/Terrorism”. The direct link is: http://tips.fbi.gov/. Option 2-Access the ‘CONTACT US’ link at the top and then select the “Report Internet Crime” link, which connects to the ‘Internet Crime Complaint Center’. The direct link is: http://www.ic3.gov/default.aspx. You also have the option of contacting the FBI’s local field office in your area and their contact information is available on the FBI’s homepage which is listed above. Public Information Officer FBI - Information Management Division 200 Constitution Drive <https://www.google.com/maps/search/200+Constitution+Drive?entry=gmail&sourc…> Winchester, VA 22602 O: (540) 868-4593 E: foipaquestions(a)fbi.gov Do you have further questions about the FOI/PA process? Visit us at http://www.fbi.gov/foia Please check the status of your request online at https://vault.fbi.gov/fdps-1/@@search-fdps Status updates are performed on a weekly basis. Note: This is a non-emergency email address. If this is an emergency, please call 911 directly. If you need to report a tip for immediate action, please contact FBI Tips at http://tips.fbi.gov/ or reach out to your local field office. *From:* Gunnar Larson <g(a)xny.io> *Sent:* Thursday, August 22, 2024 10:52 AM *To:* FOIPAQUESTIONS <FOIPAQUESTIONS(a)FBI.GOV> *Cc:* cypherpunks <cypherpunks(a)lists.cpunks.org> *Subject:* [EXTERNAL EMAIL] - Fwd: Complaint Referral Form Internet Crime Complaint Center - New York State's Notary Verification System Dear Madam or Sir: My name is Gunnar Larson and I am a co-founder at xNY.io - Bank.org. On November 3, 2022 I personally made a complaint to IC3 concerning forged notaries (below). The FBI has not responded to this matter. Today I would like to request all FBI records associated with this IC3 complaint, investigation and/or any records of entrapment associated. Sending you the very best. Thank you, Gunnar -- Gunnar Larson xNY.io | Bank.org MSc - Digital Currency MBA - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-917-580-8053 New York, New York 10001 ---------- Forwarded message --------- From: *Gunnar Larson* <g(a)xny.io> Date: Thu, Nov 3, 2022, 7:02 AM Subject: Complaint Referral Form Internet Crime Complaint Center To: cypherpunks <cypherpunks(a)lists.cpunks.org> [image: Image removed by sender. IC3 logo] Complaint Referral Form Internet Crime Complaint Center *Thank you. Your complaint was submitted to the IC3. Please save or print a copy of your complaint before closing this window.This is the only time you will have to make a copy of your complaint.* Victim InformationName: Gunnar LarsonAre you reporting on behalf of a business? NoBusiness Name: Is the incident currently impacting business operations? Age: 30 - 39Address: 406 West 25th StreetAddress (continued): Suite/Apt./Mail Stop: 1RECity: New YorkCounty: Country: United States of AmericaState: New YorkZip Code/Route: 10001Phone Number: 6464549107Email Address: g(a)xny.ioBusiness IT POC, if applicable: Other Business POC, if applicable: Financial Transaction(s)Transaction Type: OtherIf other, please specify: Notary FraudTransaction Amount: 2400.00Transaction Date: 10/6/2022Was the money sent? No ------------------------------ Victim Bank Name: Victim Bank Address: Victim Bank Address (continued): Victim Bank Suite/Mail Stop: Victim Bank City: Victim Bank Country: Victim Bank State: Victim Bank Zip Code/Route: Victim Name on Account: Victim Account Number: ------------------------------ Recipient Bank Name: Recipient Bank Address: Recipient Bank Address (continued): Recipient Bank Suite/Mail Stop: Recipient Bank City: Recipient Bank Country: Recipient Bank State: Recipient Bank Zip Code/Route: Recipient Name on Account: Recipient Bank Routing Number: Recipient Account Number: Recipient Bank SWIFT Code: Description of IncidentProvide a description of the incident and how you were victimized. Provide information not captured elsewhere in this complaint form.Hello: I was hired as a contractor for a online drop shipping company. The firm sent packages to my home address. The shipping manager asked me to retrieve a package by providing a notorized authorization letter. Upon reviewing the authorization letter and searching New York State's notary verification system, it appeared the notary was forged. A copy of the letter may be accessed here: https://drive.google.com/file/d/1Hqzatqez7yWs7ZZq76RBYy2zzi6NiDw9/view?usp=… Below, you will find the exchange with the shipping manager. On October 31 the firm denied payment for employment and has 'gone missing.' Given my personal and professional association with xNY.io - Bank.org I am concerned about being associated with felony notary Fraud. Furthrtmore, xNY.io - Bank.org is party to the Clayton Act and/or an entrapment exercise. Thank you Gunnar Larson 646-454-9107 Which of the following were used in this incident? (Check all that apply.)☑ Spoofed Email☑ Similar Domain☑ Email Intrusion ☐ OtherPlease specify: Other InformationIf an email was used in this incident, please provide a copy of the entire email including full email headers. ---------- Forwarded message --------- From: Dorothy Berry <dorothy.berry(a)dvlemail.com> Date: Fri, Oct 7, 2022, 2:44 PM Subject: Re: 290283 To: Gunnar Larson <g(a)xny.io> I will coordinate with our Legal team regarding this. The authorization letter was given by the customer. --- Kind regards, Dorothy Berry | Manager Shipping Department Direct number:(475) 330-3037 DELTA VISION (DVS Logistics US) 45 Ruby St #3 Norwalk, CT 06850 <https://www.google.com/maps/search/US)+45+Ruby+St+%233+Norwalk,+CT+06850?en…> (888) 559 9329 Mon-Fri 09:00AM-06:00PM EST Sat-Sun Closed ---- On Fri, 07 Oct 2022 14:33:19 -0400 Gunnar Larson <g(a)xny.io> wrote --- No. I won't go present an authorized letter to anyone with a fake notarized stamp on it. Please advise. On Fri, Oct 7, 2022, 1:48 PM Dorothy Berry < dorothy.berry(a)dvlemail.com> wrote: Did you try picking up package and show Authorization letter to them? --- Kind regards, Dorothy Berry | Manager Shipping Department Direct number:(475) 330-3037 DELTA VISION (DVS Logistics US) 45 Ruby St #3 Norwalk, CT 06850 <https://www.google.com/maps/search/US)+45+Ruby+St+%233+Norwalk,+CT+06850?en…> (888) 559 9329 Mon-Fri 09:00AM-06:00PM EST Sat-Sun Closed ---- On Fri, 07 Oct 2022 08:56:52 -0400 Gunnar Larson <g(a)xny.io> wrote --- Ms. Berry: I am having trouble verifying the authentication of the notarized document.. I just left you a message. Please advise best next steps. Thank you, Gunnar On Thu, Oct 6, 2022, 4:33 PM Dorothy Berry <dorothy.berry(a)dvlemail.com> wrote: Good day! Please find the attached file. Thanks. --- Kind regards, Dorothy Berry | Manager Shipping Department Direct number:(475) 330-3037 DELTA VISION (DVS Logistics US) 45 Ruby St #3 Norwalk, CT 06850 <https://www.google.com/maps/search/US)+45+Ruby+St+%233+Norwalk,+CT+06850?en…> (888) 559 9329 Mon-Fri 09:00AM-06:00PM EST Sat-Sun Closed Are there any other witnesses or victims to this incident?Yes.If you have reported this incident to other law enforcement or government agencies, please provide the name, phone number, email, date reported, report number, etc.[No response provided]Check here if this an update to a previously filed complaint: ☐Who Filed the ComplaintWere you the victim in the incident described above? Yes Name: Business Name: Phone Number: Email Address: Digital Signature By digitally signing this document, I affirm that the information I provided is true and accurate to the best of my knowledge. I understand that providing false information could make me subject to fine, imprisonment, or both. (Title 18, U.S.Code, Section 1001) Digital Signature: Gunnar Larson Thank you. Your complaint was submitted to the IC3. Please save or print a copy of your complaint before closing this window. *This is the only time you will have to make a copy of your complaint.*

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VLSI Asks Fed. Circ. To Nix Intel's Extraterritoriality Patent Win
by Gunnar Larson 04 Sep '24

04 Sep '24

VLSI Asks Fed. Circ. To Nix Intel's Extraterritoriality Patent Win <https://www.law360.com/technology/articles/1845957?nl_pk=2bd720dd-746c-4744…> By Dorothy Atkins Licensing company VLSI has urged the Federal Circuit to overturn a ruling granting Intel Corp. a win in VLSI's $900 million patent fight, arguing that the trial judge wrongly concluded on summary judgment that VLSI hasn't shown that Intel's alleged chip patent infringement occurred in the U.S., among other alleged errors. Brief attached | Read full article » <https://www.law360.com/technology/articles/1845957?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/1845957?nl_pk=2bd720dd-746c-4744…>

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Catching Up With Delaware's Chancery Court
by Gunnar Larson 04 Sep '24

04 Sep '24

Catching Up With Delaware's Chancery Court <https://www.law360.com/delaware/articles/1875812?nl_pk=8f2e5a76-bb66-462b-a…> By Leslie A. Pappas Last week in Delaware's court of equity, an iconic rock band got a new member, former President Donald Trump's social media company escaped a contempt ruling, and litigation grew over Illumina Inc.'s $8 billion reacquisition of cancer-testing company Grail Inc. New cases touched on intellectual property, mergers, share transfers and dump trucks. In case you missed it, here's the latest from Delaware's Court of Chancery. Read full article » <https://www.law360.com/delaware/articles/1875812?nl_pk=8f2e5a76-bb66-462b-a…> | Save to favorites » <https://www.law360.com/delaware/articles/1875812?nl_pk=8f2e5a76-bb66-462b-a…>

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Glenmark Hit With $50M Suit Over Potassium Pill Death
by Gunnar Larson 04 Sep '24

04 Sep '24

Glenmark Hit With $50M Suit Over Potassium Pill Death <https://www.law360.com/health/articles/1875702?nl_pk=6422bbc2-a823-4be5-9a9…> By Mike Curley A proposed class of buyers is suing Glenmark Pharmaceuticals Inc. for more than $50 million, alleging that the company's extended-release potassium chloride capsules are defective and instead deliver the potassium too fast, which resulted in the death of the lead plaintiff's mother. Complaint attached | Read full article » <https://www.law360.com/health/articles/1875702?nl_pk=6422bbc2-a823-4be5-9a9…> | Save to favorites » <https://www.law360.com/health/articles/1875702?nl_pk=6422bbc2-a823-4be5-9a9…>

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Judge Axes DoD Engineer's Release In 'Top Secret' Docs Case
by Gunnar Larson 04 Sep '24

04 Sep '24

Judge Axes DoD Engineer's Release In 'Top Secret' Docs Case <https://www.law360.com/compliance/articles/1875916?nl_pk=ab5ce197-c1fb-4d8e…> By Madeline Lyskawa A Virginia federal judge revoked a release order for a U.S. Department of Defense civilian employee accused of taking top secret and other classified documents from his workplace, saying instead that he should remain detained "pending disposition of this case." Order attached | Read full article » <https://www.law360.com/compliance/articles/1875916?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1875916?nl_pk=ab5ce197-c1fb-4d8e…>

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Former Partner Of Bankrupt NC Firm Settles With Trustee
by Gunnar Larson 04 Sep '24

04 Sep '24

Former Partner Of Bankrupt NC Firm Settles With Trustee <https://www.law360.com/insurance/articles/1876024?nl_pk=59612751-8689-4b1e-…> By Phillip Bantz A former member of bankrupt North Carolina-based real estate law firm Washburn Law PLLC, which is being investigated by the FBI for millions of dollars in pilfered client money, has reached a settlement agreement with a court-appointed bankruptcy trustee. 2 documents attached | Read full article » <https://www.law360.com/insurance/articles/1876024?nl_pk=59612751-8689-4b1e-…> | Save to favorites » <https://www.law360.com/insurance/articles/1876024?nl_pk=59612751-8689-4b1e-…>

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Duane Morris Wants Bulk Of Atty's Equal Pay Suit Tossed
by Gunnar Larson 04 Sep '24

04 Sep '24

Duane Morris Wants Bulk Of Atty's Equal Pay Suit Tossed <https://www.law360.com/insurance/articles/1875710?nl_pk=59612751-8689-4b1e-…> By Rose Krebs Duane Morris LLP is asking a California federal court to toss most of the claims in a proposed class action alleging the firm systemically underpaid female and nonwhite attorneys, saying the attorney who filed the complaint has been fairly treated and compensated and her claims lack validity. Motion attached | Read full article » <https://www.law360.com/insurance/articles/1875710?nl_pk=59612751-8689-4b1e-…> | Save to favorites » <https://www.law360.com/insurance/articles/1875710?nl_pk=59612751-8689-4b1e-…>

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Insurance Intermediary Can't Revive Biz Interference Claims
by Gunnar Larson 04 Sep '24

04 Sep '24

Insurance Intermediary Can't Revive Biz Interference Claims <https://www.law360.com/insurance/articles/1875723?nl_pk=59612751-8689-4b1e-…> By Ganesh Setty Liberty Mutual and two of its adjusters had no obligation to work with an intermediary that helps contractors secure coverage, an Ohio appeals court ruled, rejecting the intermediary's claims that Liberty and the adjusters tortiously interfered with the intermediary's business relationships by refusing to communicate with it. Decision attached | Read full article » <https://www.law360.com/insurance/articles/1875723?nl_pk=59612751-8689-4b1e-…> | Save to favorites » <https://www.law360.com/insurance/articles/1875723?nl_pk=59612751-8689-4b1e-…>

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