Central Texas Judge Accused of Selling Firearms to a Felon
Prosecutors say judge Tim Wright sold seven guns to a known felon. They also report that judge wright lied while buying the guns saying they were for himself. For the first time judge Wright went before a federal judge last Wednesday. During his prosecution the Federal Judge made Wright surrender his passport, concealed carry license, and all other weapons that may be inside his home. He is now no longer allowed to travel outside of Travis, Hays and Williamson counties, unless he gets authorization from court to do so. Wright could be charged with 10 years in prison without pay and the false statement charges as much as 5 years. Last week Wrights attorney said that his client is innocent.
Trader Arrested in Manipulation of the Stock Market Crash of 2010
Navinder Singh Sarao, a 37 year old in London was arrested by British Law Enforcement for his so called role of the "Flash Crash" that devastated the U.S. Stock Market on May, 6 2010. He alone caused the Dow Jones Industrial Average to fall by 600 points in 5 minutes.
Navinder, who worked out of his house in London, was arrested in the U.K. and the U.S. government has requested Sarao’s extradition, charging him with fraud, commodities manipulation and spoofing, a practice of bidding with the intent of cancelling the bid or offer before execution. Federal Prosecuters claim that he placed several large orders on CME and cancelled them without executing them, he mislead many traders about the direction of the market.The U.S. Commodity Futures Trading Commission claims in its own civil enforcement action that became public on Tuesday that Sarao used an off-the shelf trading platform that he modified to “layer” trades on over 400 trading days between April 2010 and April 2015. The CFTC says that for over two hours right before the Flash Crash the trading algorithm Sarao built and used put nearly $200 million worth of “persistent downward pressure” on the E-mini S&P price, creating an “imbalance that contributed to market conditions that led to the Flash Crash.”
“On May 6, 2010, SARAO used the dynamic layering technique extensively and with particular intensity,” Gregory LaBerta, a special agent with the Federal Bureau of Investigation, claims in an affidavit in support of the criminal complaint. “In total, SARAO obtained approximately $879,018 in net profits from trading E-Minis that day.”
LaBerta claims in the affidavit that Sarao wrote in an email that he made most of his net worth in “no more than 20 trading days.” In total, Sarao made some $40 million trading E-Mini futures contracts and took steps to protect his assets around the time of the Flash Crash by incorporating Nav Sarao Milking Markets Limited in Nevis as part of a tax avoidance strategy, the complaint says. Sarao’s trading company is called Nav Sarao Futures Limited.
In a U.K. Financial Conduct Authority questionnaire, Sarao wrote in May of 2014 that he had “always been good with reflexes and doing things quick.
17 Year Old Forced to Undergo Chemotherapy
A top court in Connecticut has ruled that a 17 year old girl can bed forced to undergo chemotherapy to treat Hodgkin's Lymphoma. Cassandra was diagnosed with Hodgkin's Lymphoma however she does not want to undergo treatment for it because it disgusts her to have " such toxic harmful drugs" in her body. Cassandra prefers to explore alternative methods of treatment rather than Chemo. Cassandra is traumatized that she may be forced to complete more Chemo treatments. Cassandra has under gone two treatments in November, but she ran away from home in an attempt to stop doing her Chemotherapy. According to the Hartford Courant Cassandra will have a 80-85% chance of surviving if she continues with her chemotherapy. Cassandra's court appointed attorney, Michael Taylor says they're trying to argue that Cassandra is competent, even though she is still technically a minor she is still mature enough to make her own decisions.
Baylor Cheating Policy
Some of Baylor's cheating policies include plagiarism, which means incorporating into ones work from passages that are taken word for word. Invading or attempting to invade administrative security. Using material that is not authorized by an instructor. Taking a examination for another student. Altering of falsifying student transcripts.
Students who have submitted plagiarized work will face the following consequences:
- The student will be penalized in accordance with the Baylor University Honor Code. Possible sanctions include, but are not limited to, failure/grade penalty on the assignment, rewriting the assignment, failure/grade penalty on the test, and failure/grade penalty in the course. The professor is required to report all forms of academic misconduct to the Office of Academic Integrity. All matters of academic dishonesty, including student appeal, will be handled according to the University's Honor Code.
- If a student commits plagiarism a second time, then according to the Baylor University Honor Code, the Office of Academic Integrity will refer the student's file to the Honor Coucil. The Honor Council will consider additional sanctions for repeat violations. Possible sanctions include, but are not limited to probation, suspension, and expulsion.