Quite an interesting day it’s been. I’ve been saving these blog posts to put into a long newspost for about a week or so. Good stuff in here. As for me, I’m keeping busy, and business is finally picking up again after a weeklong slump. Expect a project progress report later this week.
f o u r [ ] 2 n i t e
For those of you in the East Texas area thie evening, FourSquare behind IHOP. It’s the secret way to meet cool Tyler people. Starts at 9PM.
Suge Knight declares bankruptcy
Death Row Records label head Suge Knight has filed for bankruptcy, after he refused to pay US$107 million in an ownership dispute of his record company. Knight had lost a lawsuit filed by Lydia Harris last year. Harris had claimed that Knight had swindled her out of her 50 percent stake in Death Row Records.
Harris had alleged that Knight concocted a scheme to “destroy her ability to lay claim to her rightful share of the ownership and profits” of the label. The presiding judge had awarded the massive sum to Harris after discovering that Knight and his attorneys had not provided certain financial data.
Nanowires to Power Your Implants
Researchers at Georgia Tech have come up with a new way to power medical implants, using the motion of the body to generate electricity. By implanting fibers called nanowires, which are just 20-40 billionths of a meter in diameter, the researchers believe they can produce enough energy to drive implantable devices or even smart apparel. The zinc-oxide nanowires are piezoelectric, like the quartz crystals in a wristwatch, so the more you bend ’em, the more energy they produce.
Adnan Khashoggi Sued by SEC
Our good buddy Adnan is in the news again. Boy we love those Krazy Khashoggi’s over here at Rizzn.Com. For those of you who don’t know, Adnan’s brother Essam was involved in the FlyDLUX ordeal back in 2003. Khashoggi is best known as an arms broker in the Iran- Contra scandal of the mid-1980s, when he served as middleman for illegal sales of weapons to Iran. He was often described then as one of the world’s richest men.
Saudi financier Adnan Khashoggi and former GenesisIntermedia Inc. Chief Executive Officer Ramy El- Batrawi were sued by U.S. regulators over claims they orchestrated a $130 million stock loan and manipulation scheme. Khashoggi, 70, and El-Batrawi, 44, loaned 15 million GenesisIntermedia shares to Deutsche Bank Securities Ltd. while artificially inflating the stock price by engaging in large numbers of buys and sells, the Securities and Exchange Commission said in a lawsuit in federal court in Los Angeles. They failed to repay the loans to intermediary brokers when the scheme collapsed, the SEC said.
Attorneys for El-Batrawi and Khashoggi couldn’t be immediately located to comment. SEC attorney Kara Brockmeyer said the agency hadn’t determined yet who their attorneys are. El-Batrawi has no listed telephone number in Los Angeles, and Khashoggi’s place of residence isn’t known, according to the complaint.
The lawsuit is the third the SEC has brought related to the GenesisIntermedia fraud. In 2004, Kenneth D’Angelo, who helped facilitate the stock loans settled with the SEC after pleading guilty to securities and wire fraud. A lawsuit against Smith in Los Angeles is still pending.
The case is SEC v. Ramy El-Batrawi et al, U.S. District Court for the Central District of California, 06-2247.
peace or something like that
My good buddy Rob is still out in Africa bringing good will to all mankind. He writes the following on his blog (of interest to those of you following his series on the Lords Resistance Army).
i am a little jealous. apparantly the peace talks took place very close to maridi and the officials that came, stayed in the compound that I was living in while i was there. Would have been interesting to get a chance to sit and talk with a few of those guys that came through.
so hopefully the official news will come out very soon and we will get to find out what the agreements were.
That’s the word for the moment, folks. Be good.