oliveyrkitegan: October 2011

Monday, October 31, 2011

NY attorney general seeks $2B recovery from Mellon ? AP ? msnbc.com

ALBANY, New York? New York Attorney General Eric Schneiderman sued Bank of New York Mellon for $2 billion on Tuesday, claiming it earned that amount over 10 years by defrauding clients in foreign currency exchange transactions.

According to Schneiderman?s office, BNY Mellon misrepresented rates it would give currency transactions, providing nearly the worst rates of the trading day instead of the best. The case began with a 2009 whistle-blower complaint followed by an investigation. Clients include public pension funds.

New York City joined in the lawsuit. Deputy Comptroller Ricardo Morales said officials are confident pensioners and taxpayers will recoup money they are owed.

The bank said the lawsuit was??prosecutorial overreach? based on??a fundamental misunderstanding? of the role of custodian banks in the global foreign currency market. BNY Mellon said it is confident it will prevail in the suit, which was filed in state Supreme Court in Manhattan.

On the same day, the U.S. Attorney for the Southern District of New York also announced it had filed a civil fraud lawsuit in Manhattan federal court against the bank, alleging BNY Mellon engaged in a scheme to defraud custodial clients who have used the bank?s foreign exchange services from at least 2000 to the present.

The suit seeks injunctive relief and hundreds of millions of dollars in civil penalties under the Institutional Reform, Recovery and Enforcement Act of 1989, according to the U.S. Attorney?s Office.

BNY Mellon spokesman Kevin Heine said the bank is confident it provides its institutional clients and their investment managers with??competitive and attractive? foreign-exchange pricing, the information they need to make informed trading decisions.

Source: http://topicpediar.wordpress.com/2011/10/0 8/ny-attorney-general-seeks-2b-recovery-f rom-mellon-ap-msnbc-com/

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Source: http://oliveyrkitegan.posterous.com/ny-a ttorney-general-seeks-2b-recovery-from-m e

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Halloween checkpoints pick up costumed DWI offenders

Posted at: 10/30/2011 11:08 PM | Updated at: 10/30/2011 11:56 PM
By: Shaun Griswold, KOB.com

Drinking and driving on Halloween is so common even a cave man can do it.

This weekend?s Halloween festivities were less of a kid?s candy fest and more of an adult party.�

With adult parties comes alcohol. With alcohol comes DWI's and police arrested at least one man who was dressed as a caveman.�

Police agencies were out in force looking for possible drunk drivers and many in costume were forced to take sobriety tests with varying results.

By midnight Albuquerque Police Department officials said 10 people were arrested at their sobriety check point. Police stopped people in a variety of Halloween apparel.

One man was pulled over after riding his horseless carriage from downtown.

Even a man dressed as Dog the Bounty Hunter was also pulled over.�

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Source: http://www.kob.com/article/stories/s2351021.shtml?cat=500

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Black Bears, Hard Times

Source: http://www.abqjournal.com/main/2011/10/30/north/black-bears-hard-times.html

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Source: http://topicpediar.wordpress.com/2011/10/30/black-bears-hard-times/

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Sunday, October 30, 2011

Former Santa Fe Sheriff Gets Out Of Jail

POSTED: 2:53 pm MDT October 28, 2011

SANTA FE, N.M. ? Former Santa Fe County Sheriff Greg Solano is out of jail.The former lawman has spent the last six weeks in jail for selling off government property and keeping the cash. Solano had been sentenced to three months behind bars, but good behavior cut the time in half.He was released Friday morning. But for the next nine months he?ll have to wear an electronic bracelet and can only go between work and home.Solano was sentenced in September for ripping off the county by selling bullet proof vests and other country property on E-Bay. He pocketed about $75,000 from the sales.Solano will also have to pay about $25,000 in restitution to Santa Fe County.

Source: http://www.koat.com/news/29618000/detail.html

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Source: http://topicpediar.wordpress.com/2011/10/29/former-santa-fe-sheriff-gets-out-of-jail/

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UNM football falters; XC and soccer teams win conference titles

Posted at: 10/29/2011 6:25 PM | Updated at: 10/29/2011 10:40 PM
By: Heather Mills, KOB Eyewitness News 4

It just keeps getting worse for the University of New Mexico football team.

Lobo football fans might have thought last week's huge 69-0 loss to TCU was rock bottom for the program, but the Lobos keep reaching further down.

Saturday, UNM was shutout 42-0 by Air Force.

It was a dismal turnout at University Stadium, but those who did show, and stayed, still have high hopes for this football team.

As of Friday night, UNM officials said it had sold more than 15,000 tickets. Less than half University Stadium's capacity.

Still though, there was a decent amount of cherry in the crowd even though the Lobos were playing the Air Force, a team with a built-in fan base in Albuquerque.

Fans who managed to stay for the entire beat down actually said it could have been worse.

"The whole season doesn't sit well with me or most fans as you can tell by the attendance. But, hopefully we're moving in the right direction," David Flanery said.

Another Lobo fan said, "Well, it could have been worse. We could have been 84 instead of 42, or whatever it was."

This was the Lobos eighth game this season, and their eighth loss.

In fact, the closest the Lobos have come to a win was against Division II team, Sam Houston State, back in�September.

They lost in overtime by a field goal.

But it?s not all bleak for UNM athletics.

On Saturday, the UNM men?s and women?s cross country teams ran away with the Mountain West Championship.

On Friday the men and women's soccer teams took their conference titles.

The men?s team is ranked number one in the nation in some polls.

Another good note for Lobo fans, basketball season starts on Tuesday.

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Source: http://www.kob.com/article/stories/s2350232.shtml?cat=500

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NY attorney general seeks $2B recovery from Mellon ? AP ? msnbc.com

New York City joined in the lawsuit. Deputy Comptroller Ricardo Morales said officials are confident pensioners and taxpayers will recoup money they are owed.

The bank said the lawsuit was�?prosecutorial overreach? based on�?a fundamental misunderstanding? of the role of custodian banks in the global foreign currency market. BNY Mellon said it is confident it will prevail in the suit, which was filed in state Supreme Court in Manhattan.

The suit seeks injunctive relief and hundreds of millions of dollars in civil penalties under the Institutional Reform, Recovery and Enforcement Act of 1989, according to the U.S. Attorney?s Office.

BNY Mellon spokesman Kevin Heine said the bank is confident it provides its institutional clients and their investment managers with�?competitive and attractive? foreign-exchange pricing, the information they need to make informed trading decisions.

Source: http://topicpediar.wordpress.com/2011/10/0 8/ny-attorney-general-seeks-2b-recovery-f rom-mellon-ap-msnbc-com/

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Source: http://oliveyrkitegan.posterous.com/ny-a ttorney-general-seeks-2b-recovery-from-m e

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Saturday, October 29, 2011

Albuquerque police officers hospitalized after meth lab bust

Posted at: 10/22/2011 11:43 PM
By: Shaun Griswold, KOB.com

A Northeast Heights apartment complex was evacuated after Albuquerque Police said a unit erupted in smoke from a meth lab.

The incident happened at the Hillcrest Apartments near Montgomery and Carlisle on Friday night.

Two police officers were sent to the hospital because they were exposed to the chemicals inside the lab.

The officers were complaining about itchy throats and burning noses.

Police called the scene a shake and bake meth lab because all the ingredients were combined inside a two liter plastic bottle.

This was one of the first shake and bake labs APD has seen in the area.

Police originally responded to the scene after a disturbance call.

When they arrived they could see the meth lab inside the apartment.

Duane Wendt, 32, was arrested after he admitted to police he was making the meth to supply his habit.

He reportedly told police he shoots a gram every 12 hours.

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Source: http://www.kob.com/article/stories/s2340612.shtml?cat=500

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