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San Diego, CA

Business
Ousted Melville CEO Dodges $12K In Losses Trading On Insider Info, Feds Say Ousted Melville CEO Dodges $12K In Losses Trading On Insider Info, Feds Say
Ousted Melville CEO Dodges $12K In Losses Trading On Insider Info, Feds Say The former CEO of a New York telecommunications company is accused of engaging in insider trading just hours after he was fired, dodging thousands in losses. Ken Peterman, 67, was arrested Wednesday, Dec. 11, on federal charges of insider trading and securities fraud. Prosecutors said Peterman exploited non-public information about Melville-based Comtech Telecommunications’ poor financial performance and his impending termination to sell company shares, avoiding significant financial losses. According to the US Securities and Exchange Commission (SEC), he violated two trading blackouts whe…

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by Michael Mashburn
News
DA Recommends Menendez Brothers With NY Ties Be Resentenced DA Recommends Menendez Brothers With NY Ties Be Resentenced
DA Recommends Menendez Brothers With NY Ties Be Resentenced Los Angeles County District Attorney George Gascón has recommended brothers Lyle and Erik Menendez, who spent their childhoods in New Jersey and New York, be resentenced after spending decades in prison for the shotgun murder of their parents in their Beverly Hills mansion. The brothers, now in their 50s, should be freed and placed on parole for the murders of their parents Jose and Kitty Menendez in August 1989, Gascón said at a news conference Thursday, Oct. 24, that comes amid worldwide viewership of a series on their story on Netflix. The case now moves forward to a Los A…

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by Zak Failla