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Posts tagged "allegations/arrests"

Police: Iowa City 21-only ordinance cut felonies, alcohol crimes

With a referendum on Iowa City’s 21-only ordinance coming up in November, the police just released data indicating a number of crimes have dropped since the ordinance was first passed. An earlier repeal effort was only narrowly defeated, and organizers hope support from the police and city council will firmly settle the issue.

Will only small fish fry for the 'London Whale' fraud?

The “London Whale” is a nickname for a trader for JPMorgan Chase & Co.’s Chief Investment Office in London who was known for his enormous wagers on credit derivatives. The London Whale refers to allegations that certain people at the London office improperly valued those derivatives in an effort to hide the full extent of the bank’s losses from investors and regulators -- losses now estimated at $6 billion.

How noteworthy is the SAC Capital Advisors securities fraud case?

Since the U.S. Department of Justice filed charges of “rampant insider trading” against SAC Capital Advisors and three of its subsidiary hedge funds last week, the financial media has been flooded with stories about the case. Announcing securities and wire fraud charges against the companies themselves as well as against individuals working there, the U.S. Attorney’s Office said the alleged criminal activity was “substantial, pervasive and on a scale without known precedent in the history of hedge funds.”

Racial disparity in pot arrests in Iowa doubles national average

A black person in Iowa is about eight times more likely to be arrested for a marijuana posession charge than a white person, according to a recent study released by the American Civil Liberties Union. This is more than double the national average which showed a racial disparity of about 3.7. The disparity in Iowa was the greatest of any state in the country.

Criminal charges can have far-reaching consequences

Iowa City readers may be aware that undocumented or unauthorized immigrants charged with certain criminal offenses might also find themselves in a deportation proceeding -- regardless of whether those criminal allegations result in a conviction or prove unfounded.

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