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Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent.  The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…

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by Josh Lanier
News
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say Federal authorities are sounding the alarm over scams that impersonate well-known businesses and government agencies.  In 2023, data from the Federal Trade Commission (FTC) alone show more than 330,000 reports of business impersonation scams and nearly 160,000 reports of government impersonation scams. That amounts to nearly half the frauds reported directly to the agency, the FTC said. Combined, reported losses to these impersonation scams topped $1.1 billion for the year, more than three times what consumers reported in 2020. Reports show an increasingly blurred line between busine…

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by Joe Lombardi
Police & Fire
Cambridge Man Gets 5 Years For Buying More Than 2,000 Sexual Images Of Kids Ages 2-12: Feds Cambridge Man Gets 5 Years For Buying More Than 2,000 Sexual Images Of Kids Ages 2-12: Feds
Cambridge Man Gets 5 Years For Buying More Than 2,000 Sexual Images Of Kids Ages 2-12: Feds A 29-year-old Cambridge man was sentenced to five years in prison on Monday, Dec. 18, after he admitted to buying child sexual abuse material with cryptocurrency, authorities said.  David H. Chang pleaded guilty to one count of receiving child pornography in September, the US Attorney General for Massachusetts said.  Police began investigating Chang in 2021 when they traced Bitcoin cryptocurrency that had been used to buy child sexual abuse material on the dark web back to him, the prosecutor said. Investigators found 1,700 images and 360 videos — some up to 50 minutes in length —…

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by Josh Lanier
Police & Fire
Brockton Man, Member Of Dark Web Drug Ring Gets 2 Years In Prison: Feds Brockton Man, Member Of Dark Web Drug Ring Gets 2 Years In Prison: Feds
Brockton Man, Member Of Dark Web Drug Ring Gets 2 Years In Prison: Feds A 26-year-old Brockton man who pleaded guilty to being part of a sophisticated and popular dark web drug empire will spend 28 months in prison, authorities said. Steven McCall was sentenced to just over two years on Wednesday, Sept. 28, after he pleaded guilty to manufacturing and dealing ecstasy, Ketamine, and Xanax along with two other men, the US Attorney General for Massachusetts said. He must also give up a 2012 BMW that authorities said he paid for with drug money.  The government asked the judge for a much harsher penalty of just under six years behind bars, but Senior District …

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by Josh Lanier
Police & Fire
Men Who Ran Dark Web Drug Site From Stoughton Sentenced To Prison: DOJ Men Who Ran Dark Web Drug Site From Stoughton Sentenced To Prison: DOJ
Men Who Ran Dark Web Drug Site From Stoughton Sentenced To Prison: DOJ A 25-year-old Brockton man who helped create and run a Dark Web drug ring was sentenced to more than two years in prison, federal authorities said.  Allante Pires pleaded guilty to conspiracy to manufacture, distribute and possess with intent to distribute MDMA, commonly known as ecstasy, Ketamine, and Alprazolam (Xanax), the U.S. Attorney's Office said. He will spend 28 months in federal prison, three years of supervised release, and must forfeit a 2013 Mercedes E sedan that investigators say he bought using drug money. Though, prosecutors wanted a far harsher penalty of 70 months…

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by Josh Lanier