text:
Wednesday, August 10, 2011
Family Week for Insider Trading Actions
Last week was Family Week for insider trading actions. Two highly-publicized cases concerned the disclosure and misuse of inside information received from a close relative -- one a spouse, the other a parent.
Both cases implicate the question of whether disclosure of confidential information to a close relative should form the basis of a criminal or regulatory proceeding. While the law provides no safe haven from prosecution for unlawful disclosure to a spouse or child (although the marital privilege may provide some protection to a spouse), respect for family relations may in some cases militate against such a prosecution. Here, however, the facts and circumstances of each case – one justifying prosecution, the other working against it – seem to make that issue moot.
In one, SEC v. William A. Marovitz, 1:11-CV-05259 (N.D. Ill. August 3, 2011), the husband of former Playboy Enterprises CEO Christy Hefner agreed (with the usual non-admission and non-denial of wrongdoing) to pay approximately $170,000 to settle a civil action. The husband, William Marovitz, according to the SEC, traded and made profits on sales of Playboy stock based on information he received from his wife concerning, among other things, a sale of the company. According to the SEC, Hefner had talked with her husband about her concerns with his trading and had the company counsel also speak with him. The counsel sent Marovitz a memo warning of the "serious implications" of his trading Playboy shares and asked him to consult counsel before he did. According to the complaint, Marovitz never did.
Hefner was not charged. Not only was she uninvolved in his trading, she took precautions, however unsuccessful, to prevent her husband's purported misuse of the information. Of course, she could have prevented any misappropriation of insider information by him by simply not disclosing it.
The settlement amount includes civil penalties. One wonders what, if any, additional penalties Hefner will inflict upon her husband for his apparent betrayal of marital trust.
In another case, U.S. v. H. Clayton Peterson, 11 Crim. 665 (S.D.N.Y.) (see also SEC v. H. Clayton Peterson, etc. al., 11-CV-5448 (S.D.N.Y.)), a father and son both pleaded guilty to criminal securities fraud and conspiracy violations in connection with providing, using, and disseminating inside information concerning the 2010 takeover of Mariner Energy in Denver by the Apache Corporation. H. Clayton Peterson, a Mariner director, pleaded guilty to tipping off his son, Drew Peterson, who traded for himself, clients and a friend for a $150,000 profit and tipped off another friend, reportedly Bo K. Brownstein, a hedge fund executive, who traded for his fund and relatives and friends for profits of more than $5 million.
Peterson Sr. apparently took an active role in the wrongdoing, not only on several occasions providing confidential information to his son, but also directing him on two occasions to purchase Mariner stock for his sister. His conduct, thus, was apparently far more culpable than Hefner's.
Drew Peterson is reportedly cooperating against Brownstein and others, as, to the extent he can, most likely is his father. Often, the family that steals together squeals together.
August 10, 2011 in Insider Trading, SEC, Securities | Permalink | Comments (0) | TrackBack (0)
Wednesday, June 15, 2011
Will the "Blame the Man" Claim Help?
Danielle Chiesi, the Wall Street blond bombshell who gave new meaning to the term "insider trading" by extracting from sexual partners confidential information which she relayed to convicted inside traders Raj Rajaratnam and Mark Kurland, is reportedly seeking a downward variance from a Sentencing Guideline range of 37-46 months, in part because her wrongdoing resulted from her "toxic" sexual relationship with Mr. Kurland. Ms. Chiesi's sentencing memorandum highlights a letter from her current boyfriend which contends that Mr. Kurland, her twenty-year lover, exploited her and turned her into his "virtual servant." Ms. Chiesi seeks to be sentenced to no more than the 27-month term that had been imposed upon Mr. Kurland.
Ironically, one of Ms. Chiesi's lovers/sources, former IBM executive Robert Moffatt, now serving a six-month sentence for providing confidential information to Ms. Chiesi, at sentencing blamed Ms. Chiesi for manipulating him.
It will be interesting to see whether this "blame the man" explanation strikes a responsive chord with sentencing Judge Richard J. Holwell. Historically, women have received more lenient sentences than men for similar conduct, and the "blame the man" defense frequently worked at sentencing. However, that record was largely compiled with a male-dominated judiciary where some might have condescendingly viewed women as the "weaker sex." Given changing societal and judicial views (and non-discriminatory mandatory sentences and sentencing guidelines), I suspect that differential has diminished considerably.
June 15, 2011 in Insider Trading, Sentencing | Permalink | Comments (1) | TrackBack (0)
Sunday, May 15, 2011
Commentary on Raj Rajaratnam Case
As noted here by Sol Wisenberg, Raj Rajaratnam was found guilty on all counts. Many have been commenting on the case, see here, here, here, here, and here for example. Some predict that this decision will be the stepping stone for future insider trading cases (see here, here , and here) After all the government might say - the wiretaps seemed to work in this case, perhaps they can work in other insider trading cases.
Hopefully, the government will think this through rationally. The wiretaps were clearly questionable (see here) (Professor Dershowitz takes a different view here). It remains to be seen whether a higher court will find their use acceptable. If there are more prosecutions using these types of wires, and it turns out that a higher court finds them unacceptable - a lot of time and money will have been wasted by the government.
A second issue is with respect to what constitutes insider trading and when is the conduct illegal. The fuzzy nature of this question makes many of these prosecutions questionable. The question I always wonder is if the person knew that the conduct was illegal, would they have committed the act. If they knew that a heavy jail sentence would be following, would they engage in this activity. The concern here being that perhaps more time needs to be spent on making criminal offenses clearer and educating folks on what is legal and what is not.
(esp)(blogging from San Francisco)
May 15, 2011 in Insider Trading, Prosecutions, Prosecutors, SEC, Securities | Permalink | Comments (1) | TrackBack (0)
Wednesday, May 11, 2011
Dog Bites Man. Rajaratnam Guilty On All Counts.
Read all about it. Here is Katya Wachtel's report for businessinsider.com. Carrie Johnson of NPR's All Things Considered discusses the deterrent effect of Wall Street wiretaps in Wiretaps: Not Just For Mob Bosses Anymore, with a quote thrown in from yours truly.
May 11, 2011 in Current Affairs, Fraud, Insider Trading, Investigations, Prosecutions, Securities | Permalink | Comments (0) | TrackBack (0)
Friday, May 6, 2011
Raj Rajaratnam
Nathan Koppel, WSJ Blog, Sick Juror Deals Major Setback to Rajaratnam trial
San Francisco Chronicle (Bloomberg), Rajaratnam Jurors Listen to Chiesi Wiretaps in Insider Case
May 6, 2011 in Insider Trading, Prosecutions, SEC, Securities | Permalink | Comments (0) | TrackBack (0)
Thursday, April 28, 2011
Insider Trading - Hot Topic in NYC
Earlier this week we saw that Craig Drimal entered a plea to insider trading (see here). Today a second plea to insider trading comes out of the Manhattan US Attorneys Office. An FBI Press Release reports that Donald Langueuil is pleading guilty to insider trading. According to the most recent press release:
"Between 2006 and 2010, LONGUEUIL, along with [another], a former portfolio manager at two hedge funds, JASON PFLAUM, a former research analyst for [this other person], and NOAH FREEMAN, a research analyst at a hedge fund and then a portfolio manager at another fund, and their co-conspirators participated in a conspiracy to obtain nonpublic information ("Inside Information"), including detailed financial earnings, about numerous public companies. These companies included Marvell Technology Group, Ltd. ("Marvell"), NVIDIA Corporation ("NVIDIA"), Fairchild Semiconductor Corporation ("Fairchild"), Advanced Micro Devices, Inc. ("AMD"), Actel Corporation ("Actel"), and Cypress Semiconductor Corporation ("Cypress"). LONGUEUIL obtained Inside Information both from employees who worked at these and other public companies, as well as from independent research consultants who communicated with employees at public companies. Often, the defendant and/or his coconspirators used an "expert networking" firm to communicate with and pay their sources of Inside Information. In addition, although LONGUEUIL and his co-conspirators worked at separate hedge funds, they had regular conference calls during which they shared the Inside Information they learned with each other." (name omitted of individual who has pending charges)
So, what is insider trading? The definition may prove problematic and at some point the Court may provide better guidance. But for those facing charges it is difficult to risk a trial as the cost of being found guilty at trial presents huge consequences. But in the back of my mind I have to wonder if a clearer definition and an understanding that one who engaged in this conduct faced jail time, would have precluded this conduct. Are we using our resources wisely to prosecute those who can be educated not to engage in this conduct?
April 28, 2011 in Insider Trading, SEC, Securities | Permalink | Comments (0) | TrackBack (0)
Tuesday, April 12, 2011
Why I Don't Care Too Much About Raj Rajaratnam's Trial
1. The case is not complex, legally or factually. It isn't even interesting, except for John Dowd's Charles Laughton routine. Nor are the issues novel. The evidence against the defendant is overwhelming. The resources spent on the prosecution are wildly out of proportion to the harm caused by insider trading.
2. Contrary to popular myth, fueled by the press, insider trading is not notoriously difficult to prosecute. It is notoriously easy to detect and prosecute. Most people caught at it plead guilty.
3. Nineteen of the 26 charged defendants pled guilty. Tape-recorded conversations establish both insider trading and co-conspirator awareness that insider trading is illegal. This is hardly surprising. There has long been acute awareness of insider trading's illegality within the financial community. That's why people whisper on the telephone, erase emails, hammer up laptops, and go out at 2:00 in the morning to throw away hard drives.
4. The case will not be won because the prosecutors pulled all-nighters in the war room. The case will be won because the prosecutors got a Title III Order and secretly recorded the hell out of everybody.
5. If the government loses this case, the prosecutors should rend their garments and put on sackcloth and ashes. Really. Acquittal will only come through jury nullification or confusion.
6. John Dowd is in the catbird seat. If Rajaratnam is found guilty, it's no big deal, because everyone in the defense bar expects it. If Rajaratnam is acquitted, Dowd is a magician. Meanwhile, Dowd gets to order around seven Akin Gump colleagues and perfect that Charles Laughton imitation. Not a bad gig.
April 12, 2011 in Insider Trading, News, Prosecutions, Securities | Permalink | Comments (1) | TrackBack (0)
Sunday, February 20, 2011
A Tale of Two Plea Agreements
Thursday's Wall Street Journal has a fascinating piece here by Steve Eder, Michael Rothfeld, and Jenny Strasburg on the friendship, between Donald Longueuil and Noah Freeman, that was shattered by the SDNY's insider trading probe. As the white collar world now knows, Freeman secretly recorded Longueuil. Longueuil's damaging admissions were captured, quoted in the criminal complaint against Longueuil and Samir Barai, and splashed across the headlines. Freeman has pled guilty and his plea agreement is publicly available.
I thought it might be interesting to compare Freeman's plea agreement to that of Danielle Chiesi, who recently pled guilty in the Raj Rajaratnam case. Chiesi has not agreed to cooperate against Rajaratnam as part of her deal, but Freeman has agreed to cooperate with the government against Longueuil. The Noah Freeman Plea Agreement is a classic, bare bones, SDNY white collar plea deal. Unlike the vast majority of federal criminal plea agreements in other jurisdictions, the Freeman agreement contains no Sentencing Guidelines calculations or stipulations. Freeman agrees to plead to two felony counts--securities fraud and conspiracy to commit wire and securities fraud. The maximum statutory term for those two counts combined is 25 years. Freeman agrees to pay restitution and to forfeit proceeds traceable to the charged offenses. The government agrees not to prosecute him further, except for tax crimes, and to recommend a Section 5K1.1 downward departure if he continues to truthfully cooperate. And that's about it.
Why is the agreement structured this way? Because SDNY prosecutors do not want want to put anything into the agreement which would indicate to a jury what actual sentence Freeman might get. If hard Guidelines numbers were put into the agreement, even as non-binding stipulations, Longueuil's attorney could compare those numbers, during Freeman's cross-examination, to the stratospherically higher Guidelines sentence Freeman would have received sans cooperation. Now, when Freeman takes the stand against his former friend, he can truthfully tell the jury that he has no idea what sentence he will ultimately receive. Sure, he wants a light sentence or probation, but all he knows is that he is looking at a statutory max of 25 years and some kind of 5K1.1 motion if he tells the truth.
And what is Freeman's attorney told by the prosecutors, or what does the attorney already know without being told if he or she has practiced long enough in the SDNY? "Trust us. We are not going to promise your guy anything other than a 5K1.1, but if you look at what past white collar targets have received when they came in early and cooperated, you will see that we treated them fairly. Many of them received probation or light sentences. By the way--if you come in on the eve of trial, don't expect to be treated as well." The defense attorney relays this information in some form or another to the client and tells the client that there is no guarantee. He also tells the client that the people who came in early and cut plea deals in the World Com case got probation or light sentences. That fellow who came in right before trial got five years. The guy who went to trial and lost got hit with 25. The client ususally takes the deal. (Who wants to roll the dice with those odds?) It all makes for a much cleaner trial and cross-examination in the government's view.
Contrast this with Chiesi whom the government does not need and who litigated her case like crazy almost until the eve of trial. The Danielle Chiesi Plea Agreement is highly structured and much more like those you will see in other parts of the country. Chiesi pled to three conspiracy counts, each carrying a five year max. The government and Chiesi stipulated as to the appropriate version of the Guidelines, the Guidelines section applicable to her conduct, the base offense level, the adjusted offense level based on an agreed-upon amount of gain, and Chiesi's acceptance of responsibility. The parties stipulated that Chiesi's Guidelines offense level is 21, her criminal history category is I, and her Guidelines sentencing range is 37-46 months. Either side is free to argue for a Booker downward variance, but neither side can argue for an upward or downward Guidelines departure or adjustment unless it is specifically called for in the agreement. Because the prosecutors do not particularly need Chiesi, they are not worried about how her 37-46 month range compares to what her range would have been sans cooperation.
In one of those delightful traditions peculiar to the SDNY, neither of these plea agreements has been publicly filed with the appropriate district court, although neither agreement is under seal. This is insane. Jason Pflaum's plea agreement is virtually identical to Freeman's. Pflaum consensually monitored the conversations/messages of Sam Barai and is expected to testify against Barai and others.
February 20, 2011 in Fraud, Insider Trading, Prosecutions, Securities | Permalink | Comments (0) | TrackBack (0)
Friday, January 7, 2011
Bill Black Sounds The Toscin: Whatever Happened To Prosecuting Real Fraud?
Okay, let me take off my white collar defense attorney hat and put on my former prosecutor hat for a minute. Call it my citizenship hat. Don't most of us want real, unadulterated big-time crooks to be investigated and, where appropriate, charged? Where are all the investigations and prosecutions of the accounting control fraud that caused one of the greatest recessions in U.S. history? You know, the current recession.
Back in the late 1980s, when the S&L Crisis hit and the Dallas-based S&L Task Force was formed, federal law enforcement officials quickly realized that, in many instances, colossal fraud had been committed by the very players who controlled the S&Ls. The S&L fraud was overwhelmingly based on sham transactions and sham accounting for those transactions. Massive resources were committed to investigating and prosecuting the S&L fraud. It was understood that the crooked players had hijacked their S&Ls and defrauded depositors and/or the FSLIC. This rather elementary distinction between the savings and loan as an institution and the fraudsters who controlled it was grasped by AUSAs and effectively conveyed to juries across the land.
Nothing like this is happening today with respect to the federal government's investigation of the housing bubble, liars' loans, and Wall Street's subprime lending scandal. The overwhelming number of investigations and prosecutions seem to be focused on piker fraudsters—corrupt individual borrowers or mortgage brokers. These cases are easy pickings, but do not get to the massive fraud that clearly permeated the entire financial system.
Professor William Black, of Keating Five fame, has written a scathing piece all about this for the Huffington Post. Here it is. Among Black's revelations? "During the current crisis the OCC and the OTS - combined - made zero criminal referrals." Astounding. These two agencies accounted for thousands of criminal referrals per year during the S&L Task Force years. More fundamentally, Black argues that today's federal prosecutorial authorities do not comprehend that individuals in control of an institution can have an incentive to engage in short-term fraud that enriches them individually while destroying the long-term prospects of the institution and the larger economy.
Nobody should be charged with a white collar crime unless the crime is serious and the prosecution believes in good faith that a jury will find guilt beyond a reasonable doubt. But how about a substantive investigative effort, including commitment of appropriate resources? Why are such huge resources being spent on dubious endeavors like insider trading and FCPA enforcement, while elite financial control fraud goes largely unaddressed? Professor Black's piece is highly recommended reading.
January 7, 2011 in Current Affairs, FCPA, Fraud, Insider Trading, Investigations, Mortgage Fraud, Prosecutions, Prosecutors, Scholarship, Securities | Permalink | Comments (0) | TrackBack (0)
Wednesday, November 3, 2010
Albuferon Insider Trading Criminal Complaint
Here is the Yves Benhamou Criminal Complaint, out of SDNY, alleging insider trading violations (under Rule 10b-5 and 15 U.S.C. Section 78ff) by a French doctor. Doctor Benhamou purportedly tipped off a hedge fund employee about negative results from the Albuferon clinical trial. The WSJ story, by Jenny Strasburg and Jean Eaglesham, is here. The SEC's civil complaint, via the WSJ, is here
November 3, 2010 in Civil Enforcement, Civil Litigation, Insider Trading, Prosecutions, SEC, Securities | Permalink | Comments (0) | TrackBack (0)
Saturday, July 10, 2010
Quality Control at the Second Circuit II: United States v. Kaiser and Historical Truth
I wrote here last week about the Second Circuit's opinion in United States v. Kaiser, which overturned a long line of Second Circuit precedent establishing that willfulness in the context of criminal Exchange Act prosecutions requires the government to prove a defendant's awareness of the general unlawfulness of his/her conduct under the securities laws. I pledged to post again and focus a little more on the specifics of the opinion.
The Kaiser Court states that "[m]ore recently, we seemed to endorse a higher standard for willfulness in insider trading cases." This is misleading on several counts.
First, the higher standard for willfulness in criminal cases brought under the Exchange Act was established 40 years ago in United States v. Peltz, 433 F.2d 48 (2nd Cir. 1970). Since when is an opinion from 40 years ago considered recent? Peltz is older that any of the opinions cited by the Court in support of the lower standard of proof.
Second, not one of the higher standard cases cited by the Court explicitly confines the higher standard of proof to insider trading cases. Indeed, Peltz itself was not an insider trading case.
Third, the Court ignored published and unpublished Second Circuit case law that unequivocally applies the higher standard outside of the insider trading context. See United States v. Becker, 502 F.3d 122 (2nd. Cir. 2007); United States v. Schlisser, 168 Fed. Appx. 483 (2nd Cir. 2006) (unpublished).
The Kaiser Court states that "Unlike securities fraud, insider trading does not necessarily involve deception, and it is easy to imagine an insider trader who receives a tip and is unaware that his conduct was illegal and therefore wrongful." (emphasis added).
First, insider trading is quintessentially a species of securities fraud. Most insider trading cases are brought under Section 10(b) of the Exchange Act and SEC Rule 10b-5. These are securities fraud provisions by definition and Rule 10b-5 is well known as the classic catch-all securities fraud regulation. As the Supreme Court stated in Chiarella v. United States, "Section 10(b) is aptly described as a catch-all provision, but what it catches must be fraud." 445 U.S.222, 234-35 (1980).
Second, the essence of insider trading is fraudulent deception through failure to disclose. What Section 10(b) of the Exchange Act outlaws on its face is a "manipulative or deceptive device or contrivance." The Supreme Court in designating insider trading a "manipulative device" has stated that inside traders "deal in deception." See United States v. O'Hagan, 521 U.S. 642, 653 (1997). In fact, all insider trading prohibited by the criminal law involves deception of some party or parties by the inside trader.
The Kaiser Court also at numerous points conflates, deliberately or negligently, case law discussing Exchange Act Section 32(a)'s willfulness requirement with case law discussing Section 32(a)'s provision that "no person shall be subject to imprisonment under this section for the violation of any rule or regulation if he proves that he had no knowledge of such rule or regulation." As noted in my prior post, the Second Circuit precedent does not hold that the government must establish the defendant's knowledge of the particular rule, regulation, or statute that he/she has allegedly violated in order to prove willfulness under Section 32(a) the Exchange Act. But the government must prove the defendant's knowledge that his/her conduct was illegal in general or "wrongful under the securities laws."
As a general proposition in the Second Circuit, one panel cannot overturn another panel's recent precedent. Here, the Kaiser panel appears to have overturned recent and longstanding precedent of myriad other panels. Maybe the higher willfulness standard under Section 32(a) should go. Clearly, the case law on this issue has not always been clear or entirely consistent. But the bench and bar deserved better here.
July 10, 2010 in Current Affairs, Fraud, Insider Trading, Judicial Opinions, News, Prosecutions, SEC, Securities, Statutes | Permalink | Comments (0) | TrackBack (0)
Tuesday, June 29, 2010
Ouch, That Hurts! Judge Koeltl Pulverizes SEC in Rorech Case
Attached is SDNY U.S. District Judge John G. Koeltl's Opinion and Order in SEC v. Jon-Paul Rorech and Renato Negrin, issued last Thursday. With the exception of Koeltl's ruling that the VNU credit default swaps at issue are covered under Section 10(b) of the Exchange Act and Rule 10b-5, the holding was a total defeat for the SEC. For those not wanting to read the entire 122-page opinion, here is the SEC v. Rorech-Introduction and Conclusions of Law portion.
The case centered around Negrin's purchase of VNU credit default swaps from Deutsche Bank's high-yield bond salesman Rorech. Negrin was a portfolio manager for Millennium Partners hedge fund. The case was brought under the misappropriation theory of insider trading. The SEC alleged that Rorech misappropriated confidential information from his employer Deutsche Bank and provided it, during two cell phone calls, to Negrin. The allegedly confidential information was that VNU, a Dutch media holding company, was going to restructure a bond offering and that another Deutsche Bank customer had placed a $100 million indication of interest in such an offering. The restructured bond offering would provide "deliverable instruments" for VNU credit default swaps that were being traded at the time.
Judge Koeltl concluded that:
1. The inside information about the restructured bond offering did not yet exist when Rorech allegedly passed it to Negrin.
2. The information that Rorech did possess at the time of the calls was not material. Rorech's knowledge about a potential restructuring of the bond offering was speculative in nature and already widely shared in the marketplace. Rorech's knowledge regarding another customer's indication of interest was not materially different from information already in the market regarding substantial investor demand for deliverable VNU bonds, through a restructured bond offering.
3. Rorech did not breach any duty of confidentially owed to Deutsche Bank because Deutsche Bank did not consider Rorech's ideas or opinions or, any general information, about a possible VNU bond offer restructuring to be confidential. Rorech was expected by Deutsche Bank to share such information with prospective customers and this was standard practice in the high-yield bond market. The same went for sharing information regarding other customers' indications of interest.
4. Courts cannot infer that inside information was passed from phone calls followed by trading, without something more. Additionally, Negrin's trades were consistent with his past investment practices.
5. There was no evidence of scienter. Rorech and Negrin had no prior personal relationship, there was no quantifiable or direct personal benefit to Rorech from any tip, and there was no deception by Rorech of Deutsche Bank. (This lack of deception is also relevant to the "disclose or refrain from trade" principle of insider trading. Judge Koeltl found that Rorech had in fact disclosed his interactions with Negrin to Deutsche Bank supervisors.) Moreover, Negrin did nothing to hide his dealings with Deutsche Bank.
There is considerably more in the Opinion and Order. The decision is worth reading alone for Judge Koeltl's succinct recapitulation of governing Rule 10b-5 case law, and for his analysis of why the credit default swaps at issue here fall under the purview of Rule 10b-5. Rule 10b-5 often forms the basis of criminal securities fraud charges brought under the Exchange Act (through 15 U.S.C. Section 78ff), and the civil case law, although not identical to the criminal case law, can be highly relevant.
The facts were obviously important here. The SEC didn't have any.
June 29, 2010 in Civil Enforcement, Civil Litigation, Current Affairs, Fraud, Insider Trading, Judicial Opinions, News, SEC, Securities | Permalink | Comments (0) | TrackBack (0)
Thursday, June 24, 2010
NACDL President Comments on Honest Services Trilogy
Here is a press release from the National Association of Criminal Defense Lawyers ("NACDL") containing NACDL President Cynthia Orr's comments on today's U.S. Supreme Court honest services opinions. Orr is "heartened that the Court has unambiguously rejected government arguments that the 'honest services' fraud statute can be properly used across as broad a range of conduct as the government has sought to do in recent years." Nonetheless she is"disappointed that the Court has held that there remains a place in our criminal justice system for a statute on whose meaning few can agree." (In various friend of the court briefs, NACDL has taken the position, now shared by Justices Scalia, Thomas, and Kennedy, that 18 U.S.C. Section 1346 is unconstitutionally vague.)
Orr expects "to see future litigation surrounding efforts by prosecutors to wedge their cases into the 'bribe or kickback' paradigm to which the Court has now limited this statute." Of this we can be sure.
The NACDL press release also bemoans the portion of the Skilling opinion which "shockingly found that pre-trial publicity and community prejudice did not prevent Mr. Skilling from obtaining a fair trial. In fact, though, there has not been a more poisoned jury pool since the notorious first robbery and murder trial of Wilbert Rideau in Louisiana."
June 24, 2010 in Current Affairs, Enron, Insider Trading, Judicial Opinions, Media, News, Obstruction, Prosecutions, SEC, Securities, Statutes | Permalink | Comments (1) | TrackBack (0)
Friday, October 2, 2009
NACDL's 5th Annual Defending the White Collar Case Seminar - "Financial Fiasco - Prosecutions & Lawsuits Stemming from the Securities Market Meltdown," Friday, October 2, 2009
Guest Blogger: Ashish S. Joshi, Lorandos & Associates (Ann Arbor, MI / Washington, DC)
Moderator: Gerald B. Lefcourt
Panelists: Susan Brune, Hon. Lewis Kaplan, Walter Ricciardi, Ira Sorkin
This was one of the most anticipated panels of the program as the panelists included Hon. Lewis Kaplan who has been roundly applauded by the white-collar defense bar for his insightful and game-changing KPMG decision, Ira Sorkin, the attorney for Bernard Madoff, Susan Brune, who is shortly going to trial to defend Bear Stearns hedge fund managers Cioffi and Tannin, who have been accused of securities fraud, and former SEC Enforcement Director Walter Ricciardi to provide perspective on the major developments taking place at the SEC.
Walter Ricciardi talked about the recent changes in the SEC. With the appointment of Mary Shapiro as the Chair of the Commission, the SEC has sent out a signal that it's the "tough cop on the beat." The Commission has strengthened its enforcement division. The new subpoena power given to its enforcement division has also given the SEC more bite. Contrary to its earlier culture where "everybody does everything," now the SEC has created Specialized Units. These Units – such as the Asset Management Unit – will have a unit head and staff who will focus their attention on the unit's activities, full time. Ricciardi also mentioned that while the SEC earlier used to go after the entities and left out the individuals who had been accused of wrongdoing, going forward, this will not be the case.
After Ricciardi, it was Ira Sorkin's turn to speak. Sorkin acknowledged that there has been a major change in white-collar investigation and/or prosecution since his early days at the SEC. Now, the SEC is increasingly reaching out and cooperating with the U.S. Attorneys' office. The approach appears to be: "Talk to us about case A, we will talk to you about case B."
Sorkin remarked that in the last 15-20 years, parallel proceedings in a white-collar prosecution have mushroomed. Every regulator, criminal or civil, now wants a piece of these white-collar cases. It's prestigious, it's sexy and it garners media attention. As a result, "co-operation agreements" have increased. Agencies and departments are cooperating with each other like never before.
Sorkin also commented on FINRA – a self-regulatory organization. FINRA, during its investigation apparently does not recognize the 5th Amendment privilege against self-incrimination. Your client calls you and tells you that FINRA wants to talk to your client. Basically, you tell your client that you have bad news and worse news in this situation. Bad news: if your client doesn't testify before FINRA, it can bring a 82(10) proceeding and take your client's license away. Worse news: if your client does testify, FINRA can then take the transcript and share it with the DOJ or district attorney's office and your client may end up with a much worse problem.
Sorkin also commented on the SEC and DOJ's "queen for a day" proffer agreements. These offers are meaningless. They provide nothing to the clients but a lot to the government – and, they are quite dangerous. If you believe that a proffer is necessary, it would be better to go down the road with Rule 410 protections in place.
Sorkin ended his discussion by stating that it was quite alarming that more and more defense lawyers are acting as "junior G-men" for the government to do internal investigations.
After Ira Sorkin, it was the turn of Susan Brune. Brune commented that in this economy, there's a common perception: why haven't been people been charged for the collapse of stock market? There is an assumption that just because the stock market went down, there has to be underlying criminality behind this.
Brune also acknowledged that a typical white-collar case is a "resource problem." It requires tremendous resources. Emails, documents, reports, papers - millions of documents are involved in defending a white-collar criminal case. Just the resources needed to review emails alone are, at times, overwhelming.
Judge Lewis Kaplan stated that maybe the current debate concerning the attorney-client privilege should be re-focused. Judge Kaplan commented that the incessant talk about the Holder-Thompson-McNulty-Filip memorandums might be irrelevant. Instead, the focus should be on the underlying corporate criminal liability. When would a criminal investigation and/or prosecution of a corporate entity be appropriate? If a CFO commits fraud, there should be no issue when the company is made civilly liable for the CFO's acts. But when the DOJ launches a criminal investigation, it raises other issues. The government often is in a place where it can make the corporations do things to the individual employees that the government otherwise is not in a position to do directly. Be it indemnification, attorney fees, advancement of defense costs… the list is endless.
Judge Kaplan stated that some legal commentators have justified the government's actions by taking the position that: the society should not be made to expand its finite resources to root out criminal behavior when this burden could easily be shifted to the companies where the alleged criminal behavior has said to have occurred. But, the Judge stated, this was an empirical question.
October 2, 2009 in Civil Enforcement, Conferences, Insider Trading, Investigations, SEC, Securities | Permalink | Comments (0) | TrackBack (0)
Tuesday, June 2, 2009
UK Looking at Lawyers
The US may not be the only government entity proceeding against lawyers, as the UK Financial Services Authority seems to also be heading in this direction. See James Lumley and Caroline Binham, Bloomberg, Lawyers at U.S. Firms Face FSA Insider-Trading Case
June 2, 2009 in Insider Trading, International, Prosecutions | Permalink | Comments (0) | TrackBack (0)
Friday, March 20, 2009
Nacchio Files Petition for Cert
Joseph P. Nacchio, former CEO of Qwest Communications filed a Petition for Certiorari in the U.S. Supreme Court. He argues that the Tenth Circuit decision (en banc) conflicts with other circuits. The decision in the 10th Circuit was split 5-4 (see here and here). The issues presented in this Cert Petition are:
"1. Whether the defendant is entitled to acquittal or a new trial because the Tenth Circuit, in conflict with the standards applied in other circuits, erred by upholding the jury instructions bearing on the materiality of the type of information at issue, and by holding that there was sufficient evidence that the defendant failed to disclose material information and knew it.
2. Whether the judgment must be reversed and remanded for a new trial because the Tenth Circuit approved the use of impermissible procedures for the exclusion of expert testimony under Rule 702 that conflict with decisions of other circuits.
3. Whether the Tenth Circuit's decision should be summarily reversed because it misapplied decisions of this Court, mischaracterized the district court's reasoning, failed to resolve all the issues presented, and held that Nacchio failed to address an issue that was a principal focus of his brief."
There are several important issues in this case, such as whether a charge of insider trading is proper when "the allegedly material 'inside' information consisted of internal corporate risk assessments about financial results for future quarters." Another key issue in this case is the failure to admit the testimony of a defense witness. With Daubert and rules related issues to consider, the importance of a defendant to present his or her defense is considered here.
Petition for Certiorari here - Download Nacchio Cert Petition
March 20, 2009 in Insider Trading | Permalink | Comments (0) | TrackBack (0)
Wednesday, February 25, 2009
Nacchio Conviction Reinstated
The Tenth Circuit en banc reinstated the convictions of former CEO of Qwest Communications International, Inc. (See opinion) A prior panel had found it improper to exclude defense expert testimony. In a 104 page decision (52 page majority), 5 judges on the Tenth Circuit held that "the district court's exclusion of the testimony was not arbitrary, capricious, whimsical, or manifestly unreasonable: nor are we convinced that the district court made a clear error of judgment or exceeded the bounds of permissible choice in the circumstances."
Four members of the court dissented. The dissent states, "[t]he flaw in the government's argument is that the rules of criminal procedure, unlike the rules of civil procedure, do not require a criminal defendant to establish the foundation for expert testimony through advance written submissions." Circuit Judge Kelly, writing an additional dissent has a classic opening line - "[i]t is indeed unfortunate that the court chooses expediency over due process."
The real question may be whether the Supreme Court grants a request to review, and whether they find that due process requires the defense be given the opportunity to present
their its case. I can't help but remember these words from the case of Washington v. Texas, 388 U.S. 14, 19 (1967):
"The right to offer the testimony of witnesses, and to compel their attendance, if necessary, is in plain terms the right to present a defense, the right to present the defendant's version of the facts as well as the prosecution's to the jury so it may decide where the truth lies. Just as an accused has the right to confront the prosecution's witnesses for the purpose of challenging their testimony, he has the right to present his own witnesses to establish a defense. This right is a fundamental element of due process of law."
See also Dionne Searcey, WSJ Blog, Tenth Circuit Upholds Nacchio's Conviction; Prison Time Likely Awaits ; Andy Vuong, Denver Post, Full Court Upholds Nacchio Insider Trading Conviction
(esp)(w/ a hat tip to Peter Henning)
February 25, 2009 in Insider Trading, Judicial Opinions | Permalink | Comments (2) | TrackBack (0)
Sunday, July 20, 2008
The Latest on Sam Waksal - ImClone's Founder
For cancer patients, any word of the possible release down the road of Sam Waksal is likely to be celebrated. The latest word on his status is seen in an article by Beth Landman in the Intelligencer titled, Sam Waksal's Return to New York.
Waksal was the founder of ImClone, a company that produced a drug called Erbitrux. But the FDA's initial disapproval and his activities following that disapproval led to his conviction for insider trading. He stepped down as President and CEO in 2002 stating:
"Serving as Chief Executive Officer of ImClone Systems has been an honor and a privilege for the past eighteen years. In light of recent events and the distractions they have caused, I am withdrawing myself from the daily operation of the Company in the confidence that ImClone Systems will be able to maintain its focus on the advancement of our clinical development and research programs. I fully believe that our product candidates, the most advanced of which is ERBITUX(TM), will have a profound effect on the way that patients with cancer are treated." (see here)
The sad part of the events is that Waksal was thereafter incarcerated. The FDA finally approved ImClone's drug in 2004 (see here), but Waksal went to prison.
It is good to see that he may be able to return to assisting the development of cancer drugs. Those who go to prison are likely to be changed by the experience, but few are able to leave with little damage to their reputation. Whether Sam Waksal is in this select group remains to be seen.
(esp)(w/ a hat tip to Jack King)
July 20, 2008 in Insider Trading | Permalink | Comments (0) | TrackBack (0)
Thursday, February 28, 2008
Two More Plead Guilty to Insider Trading
Two more defendants, one an officer at UBS, pleaded guilty to insider trading. According to a press release (here) issued by the USAO for the Southern District of New York:
Between December 2001 and August 2006, GUTTENBERG repeatedly sold to TAVDY and another individual material,nonpublic information regarding upcoming upgrades and downgrades in UBS analysts' securities recommendations. Investors, including institutional investors and professional money managers, regularly relied on UBS analysts' ratings of public companies' securities. As a result, changes in UBS analysts' recommendations regarding a particular company's securities were material to investors and often had a direct effect on the trading price of that company's stock.
The two defendants were among thirteen charged with insider trading that included employees from Bank of America, Morgan Stanley, and Bear Stearns in addition to UBS. Only one defendant is still awaiting trial as all the others have now entered guilty pleas. (ph)
February 28, 2008 in Insider Trading | Permalink | Comments (1) | TrackBack (0)
Thursday, February 7, 2008
What's the Difference Between Criminal and Civil Insider Trading Cases?
That's an easy question: with one you pay out money (and take an injunction prohibiting future violations) while the other sends you to jail. But two insider trading cases this week raise the issue of why some go criminal while others remain only as civil enforcement actions. The SEC announced on February 5, 2008, the filing of a settled insider trading complaint against a former director of Dow Jones, David Li, who tipped a close friend about a potential offer by News Corp. for the owner of the Wall Street Journal and other publications. According to the Commission's Litigation Release (here):
On May 8, 2007, the Commission filed an emergency action in the United States District Court for the Southern District of New York against Kan King Wong ("K.K. Wong") and Charlotte Ka On Wong Leung ("Charlotte Wong"), alleging that the husband-wife couple traded Dow Jones securities based on inside information. Specifically, the Wongs purchased approximately $15 million worth of Dow Jones securities in their account at Merrill Lynch and, after the Offer became public, made approximately $8.1 million in trading profits. The court entered a Temporary Restraining Order freezing those assets and imposing other relief. See LR-20106 (May 8, 2007). Today the Commission filed an amended complaint alleging that Dow Jones board member David Li tipped his close friend, Michael Leung Kai Hung ("Michael Leung"), before the Offer's public disclosure, and Michael Leung, with the Wongs' assistance, traded Dow Jones stock in their Merrill Lynch account. The Commission further alleged that K.K. Wong bought 2,000 Dow Jones shares in his TD-Ameritrade account and made approximately $40,000 in profits. Charlotte Wong is Michael Leung's daughter, and K.K. Wong is his son-in-law.
Li is quite prominent in the Hong Kong business community, serving as the CEO of Bank of East Asia and as a member of Hong Kong's Legislative Counsel and Executive Committee. This was not a small case as Mr. Li paid a civil penalty of $8.1 million and Michael Leung, the main trader, disgorged $8.1 million and paid a one-time penalty of the same amount, so that total from the case was over $24 million. There is no indication that any criminal charges will be brought because of the trading, which involved the purchase of over 400,000 Dow Jones shares through a third party's account to hide the identity of the actual purchaser. Of course, there is a chance that a sealed indictment was returned and prosecutors could be seeking to arrest either David Li or Michael Leung if they return to the United States, but it does not sound like that's the case given the civil settlement.
Meanwhile, on February 4, 2008, the U.S. Attorney's Office for the Southern District of New York announced that a jury convicted Hafiz Naseem of twenty-eight counts of insider trading and one count of conspiracy based on tipping a Pakistani banker, Ajaz Rahim, about impending deals that he learned about while working at J.P. Morgan and then Credit Suisse. According to a press release (here):
Credit Suisse was engaged to advise either the target company or the acquiring entity in connection with business combination transactions involving the Issuers (the "Subject Transactions"). NASEEM, who was not assigned to work on any of the Subject Transactions, repeatedly searched Credit Suisse's internal computer databases for confidential documents relating to the Subject Transactions, opened and read these documents, and passed the material non-public information concerning the Subject Transactions in these documents to RAHIM (the "Credit Suisse Inside Information"). NASEEM also was observed rummaging through papers on the desks of several analysts when the analysts were not present.
Naseem is not a U.S. citizen, and after the conviction the court revoked his bail and he was remanded into custody, most likely because he was a flight risk. The total profits realized from the various tips was $7.9 million, the bulk of it from trading in TXU call options. Under the Federal Sentencing Guidelines, Naseem is looking at a sentencing range of at least 78-97 months based only on the gain before any other enhancements that could easily take him up to a ten-year prison term.
While there are some differences between the two cases, there are many similarities, so it's not clear to me why one is criminal and the other only civil. The loss amount is the roughly the same in each, and the violation of a fiduciary duty is clear for both tippers. Each involved trading overseas, a particular problem that can threaten the integrity of the U.S. securities markets. While Naseem was involved in a systematic course of conduct, Li was a director of a major corporation tipping a close friend. The trading by the tippees was similar in the sense that each tried to hide his true identity, and substantial profits were made.
Could it be that the decision was influenced by the fact that Li and Leung are prominent businessmen while Naseem is a lower-level investment bank employee who tipped a less-prominent Pakistani banker? While it may be a consideration that Li and Leung might not be extraditable to the U.S., the U.S. Attorney's Office did indict Rahim despite the fact that it has not yet been able to get him into this country yet to face charges. It may just have been the timing of the discovery, because Naseem was nabbed around the same time that the U.S. Attorney's Office was cracking down on others on Wall Street engaged in insider trading -- he was in the wrong place at the wrong time. There may also be considerations about the strength of the government's evidence relating to Li and Leung that influenced the decision not to pursue criminal charges. While the SEC complaint (here) presents the case in stark terms that makes it appear to be a straightforward insider trading case, the Commission does not have to test its evidence in court, and may only have a circumstantial case that the defendants were willing to settle so long as no criminal charges were filed. But from the outside, at least, it is difficult to distinguish between them, and raises the question about what the appropriate criteria are for determining whether a criminal prosecution is used in addition to the civil enforcement mechanism. That it could just be who wins or loses the criminal prosecution lottery is not very comforting. (ph)
February 7, 2008 in Civil Enforcement, Insider Trading, Prosecutions | Permalink | Comments (2) | TrackBack (0)


text:
Possible Answer
Pronunciation of Chaya, How to pronounce Chaya - read more
Free dictionaries at TranslationDirectory.com. Everyday Yiddish-English-Yiddish Dictionary (beginning with "V"). - read more
Please vote if the answer you were given helped you or not, thats the best way to improve our algorithm. You can also submit an answer or search documents about vilde chaya meaning.

subset: commoncrawl


text:
Filter Results
- results
- state & global data
- slides
- view as grid
- view as list
Visualizing Health Policy: Recent Trends in Employer-Sponsored Insurance
This Visualizing Health Policy infographic takes a look at recent trends in employer-sponsored insurance, including average premium increases for workers with family coverage, the average yearly cost of premiums for single and family coverage and how those costs have increased in the past decade, along with the prevalence of health…Infographic Read More
Visualizing Health Policy: Premium Subsidy Scenarios Under Obamacare
This month's Visualizing Health Policy infographic shows 3 scenarios that illustrate the cost of health insurance under the Affordable Care Act for families in different circumstances, both before and after premium subsidies (in the form of a tax credit).Infographic Read More
New Spanish-Language Cartoon and Calculator to Help Consumers Understand Health Insurance
The Kaiser Family Foundation today released two new Spanish-language tools to help consumers better understand health insurance as they shop for plans during open enrollment for the Affordable Care Act's marketplaces and in other venues. El seguro de salud, explicado: ¡los YouToons lo tienen cubierto!, is a Spanish version of…News Release Read More
The Future of Medicare Advantage: Are We on the Right Path?
This June 10 briefing looked at Medicare Advantage and changes affecting it, including revised calculations of payments from CMS, and the Affordable Care Act's reduced payments to Medicare Advantage plans. Speakers discussed how Medicare Advantage plans are expected to respond to payment changes; if quality bonus payments created significant changes in patient care or plan choices; and what implications could these decisions have on beneficiaries with regard to premiums, benefits and more.Event Read More
Visualizing Health Policy: What Americans Pay for Health Insurance Under the ACA
The March 2014 Visualizing Health Policy infographic shows examples of what Americans will pay for health insurance under the Affordable Care Act, using different scenarios for 40-year-old individuals living in different parts of the country. Visualizing Health Policy is a monthly infographic series produced in partnership with the Journal of the American…Infographic Read More
Explaining Health Care Reform: Risk Adjustment, Reinsurance, and Risk Corridors
This report examines the premium stabilization programs under the Affordable Care Act (ACA). Risk Adjustment, Reinsurance, and Risk Corridors — also called the Three R's — will work in the early years of health reform to stabilize premiums and promote insurer competition on the basis of quality and promote market stability.Issue Brief Read More
New Analysis Highlights Variations and Trends in Medicare Beneficiaries' Out-of-Pocket Spending
A new Kaiser Family Foundation analysis and chartbook break down what beneficiaries with traditional Medicare pay for their health care, including insurance premiums, and costs for medical and long-term care services. The analysis highlights the significant variations in what people pay based on the services they use, and their age,…News Release Read More
Medicare Part D in Its Ninth Year: The 2014 Marketplace and Key Trends, 2006-2014
This report presents findings from an analysis of the Medicare Part D marketplace in 2014 and changes in features of the drug benefit offered by Part D plans since 2006. It examines the latest information and trends related to Part D enrollment and plan availability, premiums, benefit design and cost sharing, pharmacy networks, the Low-Income Subsidy Program, and plan performance ratings.Report Read More
Visualizing Health Policy: Recent Trends in Employer-Sponsored Insurance
This Visualizing Health Policy takes a look at recent trends in employer-sponsored insurance, including average premium increases for workers with family coverage, the average yearly cost of premiums for single and family coverage and how those costs have increased in the past decade, along with the prevalence of health promotion…News Release Read More
Affordability and Health Reform: If We Mandate, Will They (and Can They) Pay?
The Alliance for Health Reform and The Commonwealth Fund co-sponsored this briefing to explore the health reform proposals being considered which may impose responsibilities on both individuals and employers to have and help pay for coverage and whether they will be able to pay the amounts above the subsidies. Questions…Event Read More


text:
Drake and Future Celebrate Drunken Hookups on P. Reign's 'DnF'
OVO affiliate's 'Dear America' EP will feature Waka Flocka Flame, A$AP Rocky
Toronto rapper and OVO affiliate P. Reign (born Raynford Humphrey) has been issuing hazy and blunted tracks since 2009, but his upcoming EP Dear America seems to finally have the sort of cosigns that might elevate him to the upper tier of Drake's stable. In addition to slated guest appearances from Waka Flocka Flame, A$AP Rocky, Meek Mill, and PARTYNEXTDOOR, Reign's new single "DnF" features cameos from his OVO boss and the recently single SPIN cover star Future. It's a hedonist anthem that seems directly descendent from the highwire melodrama that Drake's been putting forth over the course of his last few albums, a sensitive jam in which our protagonists just want to "get drunk and fuck." Listen in full below.


text:
Gallery: The New Tesla Model S Revealed, But Does It Dazzle as Expected...
Are you saving up your pennies for the upcoming Tesla Model S? Well, Tesla just revealed the first photos of their new Tesla S, and we have to confess to being a tiny bit disappointed by the somewhat lackluster design. The styling is Mazda from the front, Buick from the side, and Saab from the back. None of those brands is known for dramatic good looks, so that all adds up to a sigh of frustration over here — especially when we love our EVs sexy, futuristic and sporty.
Now, it's possible this design isn't finalized, and there are signs of hope in the teardrop-shaped windows and hints of Aston Martin sportiness in the front grille. And getting this car to market at all is a huge accomplishment, particularly as it comes with a 300-mile range battery and serious performance that's far above the average for an electric car.
Maybe our expectations are a bit high, but honestly, if you're going to shell out $100k and up for an electric car, you don't want it to look a little bit like your grandmother's Buick, do you?
Via 4 Wheels News
4 Comments
Aje Parker June 13, 2011 at 11:43 pm
The design is just fine, and people who are as critical on the points you mentioned are probably unconcerned with the inside of the design and focus solely on the aesthetic. I would like to think Tesla drivers have much more going on than just aesthetics. Yet an ugly car is not at all the case in point with this model. I bet other car makers will send you a swell thank you gift, token of their appreciation.
guntis.rat June 7, 2011 at 1:38 am
What are you talking about?! Apparently you don't know anything about model S. It's design to look like normal car not one of those crazy future concepts you are talking about, and where do you see them coming on too the road? Model S is beautiful master peace.
b June 6, 2011 at 3:44 pm
This car is supposed to start at around 50k, not 100k. You may be thinking of the Tesla Roadster.
xsimpletunx June 6, 2011 at 2:04 pm
This car is supposed to cost far less than 100k, half that in fact. You must be thinking of the Tesla Roadster.
follow inhabitat on:
- 30 Comments >
- 1 Comments >
- 95 Comments >
12 Comments >
FDA finds majority of herbal supplements at GNC, Walmart, Walgreens, and Target don't contain what they claim - instead cheap fillers like wheat and soy powder
183 Comments >
19-Year-Old Develops Ocean Cleanup Array That Could Remove 7,250,000 Tons Of Plastic From the World's Oceans
- 119 Comments >
- 30 Comments >
- 39 Comments >
- 2002 Comments >
411 Comments >
BACK TO SCHOOL GIVEAWAY: Enter to Win a HP Pavilion dv6 Laptop and Green Prize Package (Worth $1155!)
- 391 Comments >
- 366 Comments >
- 351 Comments >
284 Comments >
LAST CHANCE: Enter to Win a Voltaic Laptop-Charging Solar Backpack Filled With Green School Supplies (Worth $500)!
281 Comments >
GIVEAWAY: Enter to Win a Sloan AQUS Grey Water Toilet System That Recycles Your Sink Water (Worth $189)!
- 247 Comments >
240 Comments >
LAST CHANCE: Enter Inhabitat's Back To School Contest to Win $250+ of Green Goodies Including a Voltaic Solar Backpack (Worth $129)
- 229 Comments >
- 221 Comments >
- 187 Comments >
Yuka YonedaWINDOWHOP It's easy to get depressed when your work schedule has you getting less sun than Edward Cullen (you've got the sickly pallor to match and it's not nearly as sexy on you). If you're lucky enough to at least have a window in your workspace, openREAD MORE >
Diane PhamCutting back on your energy usage is one of the best ways to bring down your electricity bill. But did you know that making simple changes to not just your wattage consumption but the way your home retains and expels air can dramatically transform the wayREAD MORE >
Jill FehrenbacherDid you know that there are wolves living near you in almost every state in the country? Sadly most of these wolves are not living in the wild, but in wolf sanctuaries, which are conservation organizations set up to protect them and help grow their populationREAD MORE >
Yuka YonedaNamba Parks was conceived when Osaka Stadium closed down, presenting a great redevelopment opportunity for a new commercial district right next to the Namba Train Station, which is just one stop away from Kansai Airport. Since it's one of the first placesREAD MORE >
Beth BuczynskiTop image: A child is put to work at a militia-run mine in Watsa. © Marcus Bleasdale/National Geographic Captured during a 2004 visit to the war-torn Democratic Republic of Congo, Bleasdale's images "tell the story of the country's mineral resourceREAD MORE >
Jill FehrenbacherYou've all heard the tired mantras about changing your lightbulbs and recycling at home in order to save the planet - are you yawning yet? Many consumers think that going green is a gesture of self-sacrifice that often comes at great expense and inconvenienceREAD MORE >
Yuka YonedaBANANAS You might have heard that bananas are favored by athletes because they contain potassium and it's that same reason that makes them great hangover cures. When you're hungover, your body has lost a lot of potassium that needs to be replenished, so eatingREAD MORE >
Yuka YonedaImages © Graham King "The shopping cart tree symbolizes both generosity and abundance, as well as acknowledging those less fortunate where their whole world may be housed in a cart. We see shopping carts every day and take them for granted. IndividuallyREAD MORE >
Jill FehrenbacherTIP 1: Wrap Your Home in Insulation - "The More, The Better!" Proper insulation is probably the most important factor you can control in creating an energy-efficient home. I always say insulation is like chocolate, the more you have, the better! On average,READ MORE >
Kestrel JenkinsWhile conjuring up comfort in the home seems like a basic principle, it's a far more complex process for architect & remodeling guru Sarah Susanka, who believes that comfort can significantly influence the sustainability of your personal abode. WithREAD MORE >
Lidija GrozdanicTwo architects, Jos Burger and Wouter Keijzer of BK. Architecten, in charge of the renovation of the old church decided to preserve the atmosphere of the existing place with a spatial intervention that preserves its historical value. The three new floors wereREAD MORE >
Morgana MatusFor centuries, the Dutch have manipulated the landscape to move water away from their dwellings. Instead of battling the elements, Netherlands-based firm Waterstudio just announced plans to construct the world's first floating apartment complex in 2014! TheREAD MORE >


text:
All The Unbelievable Moments From The Bieber Roast: A Gif-cap
So Much Kevin Hart
Ed Sheeran Is Your Co-Host For The 2015 Much Music Video Awards
Save your screams!
Get An Early Taste of The Roast of Justin Bieber In The Brand New Red Carpet Pre-Show
Watch the red carpet pre-show online.
OMG Rihanna Just Dropped Her New Single: Hear It Now!
Our new fave song
March 16th, 2012
Isn't it frustrating when you find the perfect shade for your skin or lips, but it's a limited edition collection and won't be around for long? That happens with MAC products a lot. The Moth Brown eyeshadow sold for just a few months until the company pulled it away from our nicely-manicured hands. Super chic Candy Yum-Yum only lasted for a bit before it succumbed to the same fate. Sad, really.
But now there's something you can do about it! The new line, MAC by Request, lets Facebook fans bring back a classic MAC. fans can vote for eighteen lipsticks, glosses, eyeshadows and others, with the top three products hitting the shelves again! And if your favourite shade isn't on the list, tweet it with #MACBYREQUEST.
What products do you want MAC to bring back? Tweet us at @trendingtheshow!
-Jay de Belen
Posted on Friday, March 16th, 2012 at 2:28 pm by Guest Blogger and is filed under Blog.Tweet


text:
Carolina Forest. A Great Place to Live in Jacksonville, North Carolina
About Our Community
Our Location
Community Links
Contact Us
Board of Directors
Management Company
Annual Meeting Info
Architectural Review
Upcoming Events
Photo Album
Documents & Forms
Resident Directory
Community Safety & Tips
Online Payments
Welcome to the Carolina Forest Website!
The Board of Directors has developed this new site to increase communication and education throughout the development. We hope you find it to be a useful and informational tool.
In this site you will find important information about our Community Pool, Calendar of Events, the Management Team, the Board of Directors, public documents critical to the operation of the Homeowners Association including Minutes from past Board Meetings, useful local community links and much more. The Association was founded to help ensure all our community areas are properly maintained.
This web site is for the benefit of all residents and is intended to help share information about the Association in an efficient manner for the benefit of the Membership in partnership with the Board of Directors and the Management Team. It's also to assist any new or prospective members of the community to gain a better understanding and appreciation for what Carolina Forest has to offer. Please take a few minutes to become familiar with the web site. We also welcome and encourage your constructive feedback and suggestions.
2015-2017 Board Members
Posted on Feb 6th, 2015
New Board Elected
Congratulations are in order for the 2015 HOA Board of Directors. They are as follows:
Denise Middlebrooks-President
Mary Dyer-Vice President
Dale Vann-Treasurer
Deloris Jenkins-Scott-Secretary
Carlos Middlebrooks-Member-At-Large
We'd like to extend a
to Chris Acosta, former Vice President. He's decided to step-down to spend more quality time with his young family. We wish him the best; however he will continue to serve the community as a volunteer on our Social Committee.
Please be sure to thank him for his hard work and dedication to the Carolina Forest Community!
2015 Community Yard Sales Dates
Posted on Jan 26th, 2015
The 2015 Community Yard Sale dates have been posted in the "UPCOMING EVENTS" section of the site.
Community signs will be placed along CF Blvd by the HOA. However, if you still choose to put signs out,
no later than 3 p.m. the day of the sale.
We thank you for your cooperation
Posted on Dec 1st, 2014
Dear Member,
Please consider this to be your formal written notice of the amount of
2015 Annual Assessment
for your Lot as required by the Carolina Forest Master Declaration of Covenants and Restrictions; page 11, Section 7, Paragraph C & D.
The Board has met and voted to increase the annual assessments to
per Lot due to anticipated operating expenses in 2015. This is an increase of twenty-five ($25.00) over the 2014 assessment. A copy of our 2015 budget, assessment invoice, and our annual meeting notice will follow from the management company.
Your annual payment is due by January 31, 2015
. Payment received after this date will be considered late, so please pay on time to avoid fees. To save time, you may also make your assessment payment using PAYPAL. Please visit our website at
and select Online Payments for more information. If paying by check, please be sure to include your Carolina Forest Lot number on your check and mail to:
Advantage Gold Realty
301 Western Blvd., Suite C
Jacksonville, NC 28546
Please be advised that Advantage Gold Realty
only send statements quarterly
so no separate invoice will follow. If you have any questions, please contact our management company at (910) 353-2001.
Thank you in advance and Happy Holidays!
Carolina Forest Board of Directors, CSA
Community Information & Pool Key Fobs
Posted on Sep 3rd, 2014
Comments (0)
Dear Members/Renters:
Please contact
Advantage Gold Realty at 910-353-2001
for any/all community information or for information regarding how to get your pool key fob or clubhouse rental information.
The Sales Office is
located in our community.....
Thank you,
Pool Closed for the Day
Posted on Aug 1st, 2014
Comments (0)
So sorry for the inconvenience, but the pool has been closed for the day due to the weather.
Pool Opening
Posted on May 23rd, 2014
Comments (0)
Our community pool opens today! Pool hours are 9am-8pm Monday-Sunday.
2014 Carolina Forest Annual Pool Registration
Posted on May 7th, 2014
Carolina Pool Registration is required Annually for members and non-members to ensure the Association has current household information on file.
The pool will open for the 2014 season on Friday, May 23rd (Memorial Day Weekend).
This year, the Association will issue Pool Passes with an identifying serial number to each household once the member status has been verified. No photo id is required this year, but your key fob will be needed to access the pool.
Can't make it to the community registration? You can go directly to Advantage Gold Realty to register and pick up your Pool Pass at 301 Western Blvd. Suite C, Jacksonville, NC 28546 during business hours of 8:30 am to 5:30pm.
To expedite the registration process, please legibly complete the 2014 Carolina Forest HOA Pool Registration Form with all family members who reside in the home.
Homeowners or approved renters/leasers wishing to send their underage children (1-13 years old) to the pool with a caregiver or daycare provider must document the arrangement, in writing, and submit it along with their application forms. The daycare provider or caregiver name will be included on the pool registration form.
: Renters who wish to use the pool must first obtain permission from the Homeowner and a Homeowner Transfer of Privileges to Lessee Form must be filled out and submitted at registration.
Important note: Only homeowners who are "in good standing" will be allowed to use the pool. In good standing shall be defined as the absence of assessment delinquency, architectural or covenants violation, privilege suspension, or pending legal action to include liens with the Association. If you have not paid your assessment dues, we will not have a pool pass on site for you. For questions, please contact CF HOA Mgmt.'s Charity Hulburt at advantagegoldrealty.com or 910-353-2001.
Cancelled Parents Night Out
Posted on Apr 25th, 2014
Comments (0)
The Carolina Forest Board of Directors is sorry to announce that Parents Night Out has been cancelled for Saturday, April 26th due to lack of participation. We'd like to thank those of you who registered and apologize for any inconvenience.
Community Yard Sale
Posted on Apr 20th, 2014
Comments (0)
Due to inclement weather, the Community Yard Sale will be this Saturday, April, 26th from 8am-1pm. Signs will be posted by the HOA. If you still choose to put signs out,
no later than 3p.m. the day of the yard sale.
Interested in Playing Santa?
Posted on Dec 13th, 2013
Comments (0)
We're looking for a Santa! If you have that look and are willing to suit up tomorrow for a couple of hours tomorrow during our Christmas Party (4-6), please contact Century 21 at 910-353-2001 and ask for Sherri or Cathy.
Thank you!
View Archives
What do you think about our new website?
This is great!
I like it
It's ok
I don't like it
View Archived Surveys
Upcoming Events
None listed at this time.
View All Events
© Copyright 2015
Carolina Forest
Neighborhood Website
HOA Sites


text:
Natural Gear Winter Face Mask Polyester Natural Gear Snow Camo
Product #: 881448 Natural Gear #: 309 UPC #: 704013309012
Product Information
This knit face mask from Natural Gear is the perfect way to stay warm on those extremely cold and snowy days. This mask features a fleece facing for increased comfort and a knit top for superior warmth and comfort. Keep your face warm and concealed on those cold snowy days with this knit face mask from Natural Gear.
Delivery Information
The total weight of the product, including the product's packaging as it sits on our shelf. Since some products ship directly from the Manufacturer, their weight may be unavailable. Because of variations in the manufacturing process, similar products may have differing weights. Unless the product is designated as "Ships Alone", Shipping Weight does not include the shipping box or packing materials associated with your order.
Product ships from MidwayUSA, separate from any other products on your order due to its size. Products that are Shipped Alone incur separate "Per Order" and "Per Pound" shipping charges.
Product is regulated by the US Department of Transportation (DOT) and cannot be shipped via USPS or air shipping methods. DOT-Regulated products must ship UPS Ground.
Product is restricted by shipping carriers and cannot be shipped to certain locations or via certain shipping methods.
Additional shipping charge for HazMat products. Carriers charge extra to ship packages with products they consider hazardous, such as reloading powder and primers.
Was this information helpful? Yes No
Thank you! Your valuable input helps improve our product information and future product selections
Know someone who may like this? Email this Page to a Friend
Customer Reviews
The statements and opinions expressed within Customer Reviews reflect each author's personal perspective and do not imply endorsement by MidwayUSA, its Employees or any other organization. Customers should in no way infer that MidwayUSA has validated review information as safe, accurate or appropriate.
NOTE: Prices, specifications and availability are subject to change without notice.
We reserve the right to correct typographic, photographic and/or descriptive errors.
We reserve the right to correct typographic, photographic and/or descriptive errors.
Suggested Products
Natural Gear 6 Panel Cap Cotton...
$6.99Sale Save up to $3.00 (30%)
Others Bought
Lee Factory Crimp Die 30-06 Springfield...
Hydrosorbent Silica Gel Desiccant Dehumidifier Box...
$7.99 - $19.99
Hornady Reloading Brass 300 H&H Magnum Box of 50...
MidwayUSA CB-08 Ammo Box with Styrofoam Tray 40 S&W, 10mm...
$15.29 - $47.49
Maxpedition Spartan Wallet Nylon...
Natural Gear Mens Lightweight Pants Cotton/Poly Blend...
$21.99 - $26.99Sale — Select Items Save up to $6.00 (20%)
Natural Gear Long Sleeve T-Shirt...
$10.49 - $11.49Sale Save up to $3.50 (25%)
Natural Gear Snow Gloves Insulated Waterproof Polyester...
$14.75Clearance Save up to $5.24 (26%)
Natural Gear Mens Snow Parka Insulated Waterproof Polyester...
$53.97 - $69.99Clearance — Select Items Save up to $19.87 (25%)
Natural Gear Men's Vented Lightweight Shirt Long Sleeve...
$21.99 - $29.99Sale — Select Items Save up to $6.00 (21%)
Natural Gear 6 Panel Cap Cotton...
$6.99Sale Save up to $3.00 (30%)
Natural Gear Men's Stealth Hunter Snow Bibs Insulated...
$52.80 - $81.99Clearance — Select Items Save up to $31.93 (35%)


text:
Interior Design
LOVE the horizontal slats.
divider wall
both sliding doors; brilliant sliding door combining semi-transparent slats with round glass window.
frosted glass divider
Frosted glass panel as divider
Ripple glass panel but used as an artistic divider, not to try to hide a bathroom element.
Metallic, reflective screen to add visual interest.
transparent divider, built in
Screen to add pattern/textural interest to a rm.
Clever use of OSB for textural art.
Corrugated metal as design feature.
Wall paneling. Would be interesting to add ombre effect with color in between panels.
tv as design feature--harmonizing shelves with silver frame around tv; even linear placement of all items.
making tv placement the feature wall--with a surprising color.
quoted from Suno: "Use trim rail to reduce the perceived ceiling height. A picture rail at the door head height reduces the perceived ceiling height to make a more comfortable and cozy room. This is an especially useful detail when there's a tall ceiling and you want to avoid the feeling of being in the bottom of a Dixie cup."
Use of trim rail at ceiling and the horizontal color stripe.
Bead board-backing to built-in's.
Built-in storage in an otherwise useless area. Love the configuration of cabinet and drawers.
Storage in a tiny nook. Drawers lightly deeper than overhead shelves.
Built-in DRAWERS around window.
Switch Notes - GBP 7.50
LOVE the idea. Hope they make it to the US.
glass-paneled pocket doors!
simple white paneled cabinetry
nailhead design
crystals on towel bar
nailhead design on furniture
Divider with change of wall color on one side.
white wood panels interspaced with gleaming sliver strips
Bead board on the wall; brilliant use of pull-out "pantry" for organization and space maximization. Love the built-in seat with storage underneath. Beautiful and brilliant mud room.
Horizontal set of three paint stripes -- fun.
Wall art--extraordinary; love the huge pattern; would love it more in different colors.
Pale blue color of the ottomans.
Pale blue color of the ottomans.
Unabased use of pinks.
gallery look
horizontal wood planks on the wall
Guest room design
Interest throughout house w/ artwork, accent wall, etc.
Great dog bed area
glass and wood sliding door; shiny white walls
contemporary rug
vaulted ceiling framed at a 7-foot level by a partial drop ceiling of fir that houses a halogen lighting system.
Birch bench as sofa table.
Birch bench as sofa table.
light maple floors; wood covered soffitt
Wood slat covered soffitt; black platform extending across one wall and in front of the fireplace.
wood slat-covred coffitt; green glass tiled splashboard; and bamboo Arborite countertop,
Benson Frame Hi bed in dark color against natural maple floors
use of the area
Tree branches as bannisters
where to put those electrical connections in an open concept
wall of wood slats. Doesn't look like the knotty pine paneling horrors of the 50's and 60's.
Wood planks horizontally on wall. Great with wood floor.
screens mounted to hide the television from view; Pocket door hardware allows the screens to slide back and forth. Install trim that hangs down far enough along the front face to hide the track.


text:
Acceptance is the deepest alchemy for transformation within human nature. Accept misery when it comes to you. It is because of the rejection that it is misery, it is because of the denial that it is misery. Accept whatever comes wholeheartedly, agree to whatever comes - embrace it, live with it, do not desire to get rid of it - and suddenly you will find that everything has changed. What you originally felt was misery has turned into happiness through your acceptance.
Happiness can change into misery, misery into happiness - why? Because they are two faces of the same coin. And why do they change? What is the reason for this change? In fact when a man lives in happiness, he can even get bored with this happiness. Long association breeds boredom - it is natural. Even happiness can become boring.
You love someone and want his company for twenty-four hours of the day, but if you have his company all the time eventually you will be wishing you could get rid of him, at least for a little while. You will want to be alone for a while. This is very natural. Now, the separation from the same person whose company once gave you happiness, brings happiness.
One becomes bored. The mind gets tired. In fact the mind gets tired of whatever you get to know well. The mind will get tired of anything that it knows well. Then it will start searching for something new. Even a tasty thing can soon become tasteless. Do not repeat the food tomorrow that you enjoyed today, even by mistake.or the day after that; otherwise you will lose your taste for it. The sage says:
.when one focuses on the pleasant it is the happiness-oriented mind, and when one focuses on the unpleasant it is the misery-oriented mind.
To imagine something as pleasing is happiness, and to imagine something as not pleasing is misery. And the pleasant changes into the unpleasant and the unpleasant into the pleasant.
Alcoholics say that in the beginning alcohol doesn't taste good; they say that you have to develop a taste for it. Those who know say that actually the sense of taste has to be ruined, it has to be destroyed. When you start drinking coffee it doesn't taste good, but coffee drinkers say, "Don't worry, practice will make it taste better. You have to develop a taste for it."
Man somehow develops a taste for anything! You start smoking; on the first day it is really unpleasant, but you imagine that it must be a pleasure because everyone else is enjoying it, and they can't all be fools. The new smoker sees that even those people who prohibit smoking are smoking. They are saying, "We are addicted; don't you also start to smoke." The new smoker feels there must be some deep secret, something hidden, some pleasure to enjoy which is being denied him. When he smokes for the first time it is so unpleasant that it hardly appears to be a pleasure. Inhaling the smoke it tastes bitter, there is nothing pleasant about it - making him cough and feel uneasiness, his head gets hot - but he is hoping for some pleasure and goes on imagining that happiness will happen. Slowly this misery changes into pleasure. Slowly this discomfort changes into happiness.


text:
Karl-Anthony Towns C #12
Current Team: Kentucky
Born: Nov 15, 1995 (19 years old)
Birthplace: Metuchen, New Jersey (United States)
Nationality: United States / Dominican Republic
Height: 6-11 (211cm) Weight: 250 (113kg)
Current NBA Status: Draft Eligible in 2018
Draft Entry: 2018 NBA Draft
Pre-Draft Team: Kentucky (Fr)
High School: St. Joseph High School [Metuchen, New Jersey]
Karl-Anthony Towns News
Bobby Portis, Cauley-Stein, Towns Headline 2015 SEC Awards
Bobby Portis of Arkansas has been named the 2015 SEC Player of the Year.
Knicks Heavily Scouting Karl-Anthony Towns, Willie Cauley-Stein
Phil Jackson and the Knicks' front office have traveled to scout several practices of the Kentucky basketball team.
Okafor, Mudiay, Towns, Cauley-Stein, Porzingis In New DraftExpress Top-5
ahlil Okafor, Emmanuel Mudiay, Karl Towns, Willie Cauley-Stein and Kristaps Porzingis comprise the DraftExpress top-5.
Exec: Karl Towns' Shooting Ability Will Make Him A Major Asset
Karl Towns Jr. had several good performances in the high school All-Star game circuit, showing his potential as a jump shooting big.
Towns, Wiggins Developing Chemistry On World Select Team
Karl Towns and Andrew Wiggins will lead the World Select Team against Team USA at the Nike Hoop Summit.
Karl Towns Named New Jersey Gatorade Player Of The Year
Karl Towns is the top-ranked center in the class of 2014.
Karl Towns Reclassifies To 2014, Commits To Kentucky
Karl Towns was the top-ranked player in the class of 2015.
Karl Towns Jr. To Announce College Decision On Tuesday
Karl Towns Jr. is regarded as the top sophomore player in the nation.
Karl Towns Jr. In Position To Reclassify To 2014 Class
Karl Towns Jr. is academically in position to reclassify to the 2014 class.
Karl Towns Jr. To Announce College Decision Dec. 4
Karl Towns Jr. is considered the top player in the 2015 class.
Karl Towns Jr. Owns 4.3 Grade-Point Average
Karl Towns Jr. is considered the top-overall player in the 2015 class.
Karl Towns Jr. Confirms Plan To Attend Kentucky Madness
Karl Towns Jr. will visit Kentucky and Duke on back-to-back weekends this month.
Karl Towns Jr. To Visit Duke For Midnight Madness
Karl Towns Jr. is the top prospect in the class of 2015.
Karl Towns Jr. Interested In Visit To Michigan
Karl Towns has offers from Kentucky, Florida, N.C. State and Baylor.
Karl Towns Jr. Receives Scholarship Offer From Kentucky
Karl Towns Jr. is considered the top player in the 2015 class.
Karl Towns Jr. Visited North Carolina, Duke, N.C. State
Karl Towns Jr. is the No. 1 ranked player in the class of 2015.


text:
Bulgarian Nationalist Chief Logs Complaint against Varna Policeman
The leader of Bulgaria's ultranationalist party Ataka has filed a complaint against Varna policeman Kostadin Kolev in the city's Police Directorate and District Prosecutor's Office.
The nationalist party's press office states that Siderov did not intend to submit complaints, but all lies uttered by Kolev provoked him to take this action.
In his complaint, Siderov writes that "officer Kolev instead of preserving public order, violated it by hitting me in the diaphragm after checking my identity and making sure I am a Member of the Parliament."
"With his actions, officer Kolev committed a crime for which he should be punished according to the Penal Code," says the nationalist.
Siderov demands to have the 10 MPs from Ataka, who were with him at the airport in the Black Sea city of Varna, questioned as witnesses.
The Ataka leader insist on banning Kolev from leaving the territory of Bulgaria, because of "frequent cases of people, including convicts, trying to avoid legal punishment by leaving the country and becoming wanted by Interpol."
Siderov has also filed a second complaint with the Chief Prosecutor's Office, in which insists on measures against leaks in the scandal at Varna Airport after the Prosecutor's report, asking the lawmaker's immunity, was distributed by a number of Bulgarian media on Wednesday.
The nationalist further urges Chief Prosecutor Sotir Tsatsarov to establish who is to blame for this.
Late on Monday, January 6, Siderov verbally assaulted a French cultural attaché during a Sofia-Varna flight and later attacked a passenger and a police officer in a Varna airport shuttle bus. This prompted outrage among majority of Bulgarians and among French diplomats.
As result, Tsatsarov asked that ultranationalist be stripped of his MP immunity. It will, however, depend on the Parliament to vote for it.
The report of the Chief Prosecutor says that a police officer was physically attacked; the access cards of security personnel have been ripped off; ID cards of policemen have been grabbed from their hands: there has been hitting, cursing and insults with qualifications like "drug dealers.
- » Bulgaria's Top Prosecutor to Be Able to Suspend Commercial Deals, Draft Says
- » UNHCR Urges Bulgaria to Investigate Refugee Deaths at Border with Turkey
- » Bulgaria MPs Dismiss Opposition Demand to Review Sanctions on Russia
- » MEP Claims to Have 'Co-organized' Bulgaria's Summer Protests in 2013
- » 281 Illegal Migrants Detained at Border with Romania Since Start of 2015
- » Bulgaria Unveils Plans to Increase Retirement Age, Pension Insurance Payments


text:
Owners of websites can make huge improvements to the effectiveness of their sites by learning to understand their analytics user data. Google's own tracking tool 'Google Analytics' is a fantastic piece of software that anyone can use to their advantage. Adding Google's Webmaster Tools to Google Analytics gives website owners and developers a broad and highly informative set of data… Read more →
Websites made easy
The Internet is actually a personal place. Because we are all persons, (I hope you agree). We are all interacting with webpages, sites and applications all the time when we are online. So it is a personal environment where we want to establish a connection, or relationship with our readers. This means you and me. As website owners we can… Read more →
Our creative process
The governing principle in website design is to KISS "Keep it Simple Sweetie" With that in mind, we; 1. Listen carefully to the client. We follow the principle of understanding the client, the brief, the need, etc. first. 2. Research and develop. Once we understand the brief we research and discuss possible solutions and technology to fulfill the requirements… Read more →


text:
Dr. Ardalan Babaknia, MD
- 15825 Laguna Canyon Rd Ste 100
Irvine, CA 92618
- 2 Locations
- (949) 679-6700
Dr. Ardalan Babaknia graduated from the American University of the Caribbean School of Medicine in 1984. He works in Irvine, CA and 1 other location and specializes in Gastroenterology and Internal Medicine. Dr. Babaknia is affiliated with Hoag Hospital Irvine, Hoag Memorial Hospital, Orange Coast Memorial Medical Center and Saddleback Memorial Medical Center. He speaks English, Spanish and Tagalog.View More
Gender: Male
Languages Spoken: English, Spanish, Tagalog
Gastroenterology, Internal Medicine
Medical School: American University of the Caribbean School of Medicine; Graduated 1984
*This physician has multiple office locations. See Office Information for details.


text:
A River Forest woman who worked at the Trailside Museum of Natural History as a teen has written a book about the museum's time as a wildlife rehabilitation center.
A River Forest woman who worked at the Trailside Museum of Natural History as a teen has written a book about the museum's time as a wildlife rehabilitation center.
The River Forest Village Board signed off unanimously March 6 on School District 90's proposal to add a second floor to Lincoln Elementary School.
Hinsdale Central softball coach Lee Maciejewski is showing this season how much trust he has in Faith Koffron, his fourth-year starting catcher.
All it took for Oak Park-River Forest junior Lawrence Cozzi and senior Josh Gronwold to get hooked on water polo was watching their older siblings play for the first time.
Senior Andrew Bertschy has earned the upmost trust of Fenwick coach Kyle Perry.
It's not all trash talking between batters and opposing catchers before a pitcher delivers to the plate.
The following incidents were listed in the official reports of the Oak Park and River Forest police departments. Readers are reminded that an arrest by police does not constitute a finding of guilt; only a court of law can make that determination.
A River Forest man was sentenced to 12 1/2 years in prison Tuesday for sending threatening letters to numerous public officials and others.
Oak Park police arrested a man who accidentally shot himself in the leg while retrieving a gun from his car.
Police have arrested a man they say threatened a cashier at an Oak Park Radio Shack the day after Thanksgiving.
Hearings were continued in two cases against Kirk Waishwell, accused of smashing a dozen vehicles' windows Feb. 9 at a LaGrange Highlands preschool.
Both critics and supporters of the Lyons Township School Treasurer's Office say the former treasurer's guilty plea bolsters their respective cases in pending legal and legislative action.
A crash involving at least 10 vehicles shut down busy Harlem Avenue in Bedford Park for much of the morning commute Friday, but no injuries were reported, authorities said.
The letter O is essentially a circle.


text:
The topic you requested is included in another documentation set. For convenience, it's displayed below. Choose Switch to see the topic in its original location.
Execution Control
Visual Studio .NET 2003
The Visual Studio debugger provides powerful commands for controlling the execution of your application. The following topics describe the tasks you can perform, using debugger commands, to control execution:
- Starting (or Continuing) Execution
- Breaking Execution
- Stopping Execution
- Stepping Through Your Application
- Running to a Specified Location
- Setting the Execution Point
See Also


text:
"The real traveller is the one who continues his journey even when the road ends!
Find a translation for this quote in other languages:
Select another language:
Discuss this Mehmet Murat ildan quote with the community:
Quote of the Day
Would you like us to send you a FREE inspiring quote delivered to your inbox daily?
Use the citation below to add this quote to your bibliography:
"Mehmet Murat ildan Quotes." Quotes.net. STANDS4 LLC, 2015. Web. 28 Mar. 2015. <http://www.quotes.net/quote/22851>.


text:
All-University Awards
Ceremony on
Tuesday, February 10, 2015
3:30-4:30 p.m.
Pasant Theatre, Wharton Center
750 East Shaw Lane
You may view the ceremony on the Web at http://video.wkar.org/video/2365422541/
MSU Today article about the honorees: http://msutoday.msu.edu/news/2015/honoring-exceptional-researchers-educators-and-community-partners/
Nomination Forms and Instructions 2015-2016 are being updated.
All-University Awards deadline for 2015-16 wll be Thursday, October 8, 2015
Be sure to confirm college deadline, as most nominations
are screened and submitted by the college.
Nomination call and instructions provided March/April 2015
Recipients of this award are recognized at the MSU Alumni Club of Mid-Michigan's
2013-14 MSU honoree, Ryan Sweeder, Lyman Briggs College,
will be recognized fall semester 2014 at the annual Spartan Crystal Ball.
Tuesday, February 11, The ceremony features: President Lou Anna K. Simon's State of the University Address
and the annual All-University Awards recognition.
View the ceremony online at: http://video.wkar.org/video/2365176852/
MSU Today article: http://msutoday.msu.edu/news/2014/recognizing-outstanding-contributions-to-education-research/
Last year's ceremony and other award recognition videos are available for viewing at: http://video.wkar.org/program/msu-video/
Awards Convocation 2013
MSU Today article: http://msutoday.msu.edu/news/2013/faculty-staff-and-others-to-be-honored-with-university-awards/
The ceremony is available on the Web for viewing at: http://video.wkar.org/video/2335399711
2012 ceremony and other award recognition videos are available at: http://video.wkar.org/video/2196833340/
AWARD RECIPIENTS (Cumulative)
--William J. Beal Oustanding Faculty Awards (change in 2014)/Distinguished Faculty Awards
--Teacher-Scholar Awards
--Outreach Scholarship Community Partnership Award
--MSU Alumni Club of Mid-Michigan Quality in Undergraduate Teaching Awards
--Distinguished Academic Staff Awards
--Excellence-In-Teaching Citations
--Robert F. Banks Award for Institutional Leadership
Nomination Call and Instructions for 2015 (Word docx) Deadline to submit nominations, Thur, March 5, 2015 .
Nomination Call and Instructions for 2015 (pdf) Deadline to submit nominations, Thur, March 5, 2015.
DATA FORM for completing and to be included with support materials.
--University Distinguished Professor designees (Cumulative)
--Web viewing of University Distinguished Professors 2013
--Web viewing of University Distinguished Professors 2011
--Web viewing of University Distinguished Professors 2009 at MSU YouTube
The free Adobe Acrobat Reader is required to view pdf files.
Office of the Provost
Hannah Administration Building
Room 442
426 Auditorium Road
(in Provost Office Suite, Room 430)
Michigan State University
East Lansing, MI 48824
Betsy White: email@example.com
fax: 517-355-9601
Community Engagement Scholarship Award
Carla Hills: firstname.lastname@example.com


text:
I am a little confused(working on my first brew). I have read as much I could and watched an instructional video. I thought I had everything mapped out. I brewed my first batch 7 days ago and my plan was to transfer into the secondary fermentor tonight, but after reading some of the forum there appears to be several schools of thought as to whether or not just leave it in the primary fermentor for another week or so. By the way my first brew is the Autumn Amber Ale kit. Are there any thoughts on this? Thanks. By the way this is a great board from what I've read and I will probably update to a premium membership soon if I get hooked on this brewing stuff.
Leave it in primary for 2-3 more weeks if you can stand it.
There's no right or wrong answer to your question. Its mostly about preferences, what works for your process and setup.
For me, there are a couple of reasons to use a secondary or bright tank: 1) need to free up a primary for another batch; 2) long term aging; 3) dry hopping; 4) want to add gelatin or other finings. Otherwise, I leave it in the primary.
Oh, and welcome to HBT and congrats on your first batch!
Ditto posts above. Transferring after a week was old school when yeast health was questionable. Today we have good, healthy yeast that makes your beer better with time. So, what you've seen on this site re: long primary is very much accurate and good practice.
Welcome to brewing, and to HBT!
I have never agreed with the fermentation time listed on most of the instructions for kits out there. Often times 7 days not nearly enough for the beer to be in a primary. Patience is always your greatest ally, and often the greatest enemy for new brewers (it was for me!).
My advice is to wait for fermentation to complete. If you're in a hurry, check your gravity reading after 7+ days, and when it finally stays the same for about 3 days, THEN you can consider moving it to a secondary if you really want/need to.
Personally, the shortest amount of time I leave a beer in the primary is 2 week, but 4-6 weeks is my standard. You don't need a secondary unless you want to clear the beer more, or add additional ingredients.
The best advice you'll see around here is to be patient. It's a killer, but you'll be happy you did.
Good luck, and welcome to a great hobby!
What do you want us to do? You say you've read the discussions on here, so you know what folks do. There's hundreds of thousands of discussions on it. You have to make up your own mind. The info is here, so now you need to decide whether you want to accept it or not. We cant tell you what to do....Do you want us to re-invent the wheel and tell you again our thoughts?Some of us have invested hours in writing up our thoughts on that already and researching it. What point is there to that again?
I'm not trying to be mean, I'm just confused about what you want from us.
Like my snazzy new avatar? Get Sons of Zymurgy swag, here, and brew with the best.Revvy's one of the cool reverends. He has a Harley and a t-shirt that says on the back "If you can read this, the bitch was Raptured. - Madman
I gotta tell ya, just between us girls, that Revvy is HOT. Very tall, gorgeous grey hair and a terrific smile. He's very good looking in person, with a charismatic personality... he drives like a ****ing maniac! - YooperBrew
The chance of you "hurting" the beer by letting it sit in the primary a little longer is basically zero.
Like you mentioned, there are two schools of thought and it seems pretty evenly divided between the "need to secondary" and "don't need to secondary" parties.
Personally... I do both... sometimes I'll simply keg a beer right out of the primary after three-four weeks. Other times, I'll primary for two weeks and then secondary for two weeks.
Either way... especially on your first few batches, I would not worry about it at all.
Most of my beer stay in primary for at least a month unless I'm adding something to them during secondary as mentioned above. I just bottled an oatmeal stout last night that sat in primary for 6 weeks. Also, is that the Autumn Amber Ale from Austinhomebrew? I brewed one of those when i first started out and it turned out to be a pretty good beer let me know how yours comes out.
Thanks for the replies guys. I think I'll just leave it in the primary. One other quick question? I haven't taken any kind of readings on it. Do I need to do any of that or just wait a couple of weeks and move it to the bottling bucket?Thanks