All posts by brucebecker

Watchdog: Solyndra misrepresented facts to get loan guarantee

A four-year investigation has concluded that officials of the solar company Solyndra misrepresented facts and omitted key information in their efforts to get a $535 million loan guarantee from the federal government.

The company’s collapse soon after getting federal backing provided ammunition to lawmakers and other critics who portrayed it as wasteful government spending. The company’s failure likely will cost taxpayers more than $500 million.

The report by the Energy Department’s inspector general was released Wednesday. It’s designed to provide federal officials with lessons learned as it proceeds to grant billions of dollars in additional loan guarantees. The inspector general found fault with the Department of Energy, describing its due diligence work as “less than fully effective.” The report also said department employees felt tremendous pressure to process loan guarantee applications.

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Suspect in Virginia live TV shooting kills himself

A television reporter and cameraman were shot to death on the air during a live broadcast Wednesday morning from a shopping center in Virginia.

Jeffrey A. Marks, general manager of CBS Roanoke affiliate WDBJ-TV, identified the two killed as Alison Parker and Adam Ward. Marks said state and county police “are working very diligently to track down both the motive and the person responsible for this terrible crime against two fine journalists.”

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CBS journalists shot and killed during live broadcast in Virginia

A pair of television journalists at a CBS affiliate in Virginia were shot and killed during a live broadcast Wednesday morning, and the shooter is still at-large.

According to WDBJ-TV president and general manager Jeff Marks, the victims, reporter Alison Parker, 24, and her 27-year-old cameraman Adam Ward died shortly after the shooting, which occurred at approximately 6:45 a.m. at Bridgewater Plaza in Moneta, Va., near Smith Mountain Lake.

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The simple reason companies can’t keep your data safe from hackers

Things keep getting worse on the cyber front.

From the US government to Ashley Madison, no company, organization, or person is safe from cyber attacks.

“We have a pandemic on our hands. This is in the news every single day,” Caleb Barlow, vice president of IBM Security told Tech Insider. “And what we have to realize is this is just the tip of the iceberg.”
Read more: http://www.techinsider.io/an-ibm-security-expert-explains-2015-8#ixzz3jvVZjrIV

Dallas Attorney Sentenced For Fraud And Copyright Infringement

A Dallas attorney who pleaded guilty to federal felony offenses involving copyright infringement and investor fraud was sentenced Wednesday morning.

Andrew Lee Siegel, 56, was sentenced this morning by U.S. District Judge Ed Kinkeade to serve a total of 12 months and one day in federal prison and ordered to pay $285,310 in restitution. He must surrender to the Bureau of Prisons by October 15, 2015. In July 2014, Siegel pleaded guilty to one count of felony criminal infringement of a copyright, and in January 2015, he pleaded guilty to one count of mail fraud.

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