Mt. Gox Inc., the American affiliate of the bankrupt Bitcoin exchange that lost track of hundreds of millions of dollars’ worth of virtual currency, had its U.S. assets frozen by a federal judge in Chicago.
The former chief executive officer of business lender Oak Rock Financial LLC pleaded guilty to bank fraud for causing $100 million in losses by deceiving investors and a bank about his company’s finances.
Hanjuan Jin, a former Motorola Inc. software engineer, was found guilty of stealing trade secrets from that company and acquitted of charges she did so to benefit a Chinese company and that country’s military.
An ex-Motorola Inc. software engineer should be found guilty of stealing trade secrets from the company to benefit a business in China and that nation’s military, a U.S. prosecutor told a federal judge.
The Standard & Poor’s 500 Index , which had its biggest weekly drop in three months last week, may face a “deeper correction” should it fall below its average during the past 20 days, according to StockCharts.com Inc.