Hillel "Helly" Nahmad has been sentenced to one year in prison for operating an illegal, high-stakes gambling ring, and was ordered to forfeit monies, a a Raoul Dufy painting and pay a fine for his role in the gambling business, Bloomberg said.
A California Supreme Court decision yesterday has exposed Deustche Bank AG from claims by renters of foreclosed properties over the destruction of their possessions and loss of their homes, Bloomberg said.
The Financial Conduct Authority issued a work ban on former UBS AG senior trader John Hughes today due to his involvement in aiding former colleague Kweku Adoboli in hiding a $2.3 billion unauthorized trading loss in an "umbrella" account, Bloomberg said.
Federal Communications Commission Chairman Tom Wheeler had told attendees at the National Cable and Telecommunications Association (NCTA) Cable Show today that the commission is intent on protecting the open Internet from entities who are leaning to take advantage of it for financial gains.
