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Stolen credit cards go for $3.50 online
In mid-September, a European hacker nicknamed Poxxie broke into the computer network of a U.S. company and, he said, grabbed 1,400 credit card numbers, the account holders' names and addresses, and the security code that comes with each card.With little trouble, he sold the numbers for $3.50 each on his own site, called CVV2s.Islamic Scholars Play Role in High Finance
Deal work in the Islamic world is booming -- ballooning this year more than tenfold to an estimated $750 billion. "In the last three years, the industry has gone from nascent to burgeoning," says Oliver Agha, the partner who launched DLA Piper's Islamic finance practice. But the industry is facing growing pains, with an acute shortage of lawyers and Islamic scholars who can advise companies and financial institutions on how to structure their deals so as to comply with Islamic law.Judge Rejects SEC Suit Against Former Citigroup Execs
Charges by the SEC that two former Citigroup executives "aided and abetted" their company in a scheme to cheat mutual fund investors of almost $100 million have been dismissed by a federal judge in New York. The judge granted Thomas W. Jones and Lewis E. Daidone's motion for summary judgment, finding that the SEC's actions seeking civil penalties and an injunction against the executives were time-barred. The judge also held that the SEC's request for disgorgement was "not supported by sufficient facts."Star Athlete Fights 10-Year Prison Term
The Supreme Court of Georgia is due to enter the fray surrounding a nationally publicized case that could answer a novel legal question on teen sex and mandatory minimum sentencing. The case centers on a star athlete found guilty of statutory rape and aggravated child molestation -- charges stemming from contact between Marcus Dwayne Dixon, who is black, and a female classmate, who is white. Says defense attorney David Balser, "If it's not rape, then it's sex between teenagers."The High Court and the Death Penalty, Again
John P. Elwood returns with his take on the U.S. Supreme Court's latest consideration of the death penalty in the Penrycase, involving a mentally impaired convicted murderer. Also, he takes a look at this week's other high court opinions and case grants, in a special "Ask Mr. Supreme Court Answer Person" session.Trending Stories
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