A mother from South Carolina says she was arrested for scolding her son’s bullies after she received little to no help from the school with the situation.Jamie Rathburn told reporters at CNN that her young son had been physically and verbally bullied all year at Greenbrier Elementary School and despite emailing with and speaking to school administrators and her son’s teacher, his situation became progressively worse.Rathburn told reporters that the last straw for her was when administrators told her that they were isolating her son from the other children for his own protection and that they now had a teacher follow him everywhere he went.That’s when she marched into the school and confronted the children:“I walked right in that school [and] told those children that bullying wasn’t okay,” she told CNN. “If they wanted to continue then I needed to talk to their mommas because the school wasn’t doing anything.”While the district communications director Elizabeth Brotherton told reporters that there were several reports of bullying filed with the school, if the mother was still unhappy with the way things were being handled, she should have spoken another adult in charge at the school:“The appropriate reaction to unhappiness with a school response is to have a conversation with the adults in charge,” district communications director Elizabeth Brotherton told CNN in an email. “Ms. Rathburn did not enter the school and confront a specific bully or bullies, she yelled at and threatened dozens of eight and nine-year-old boys and girls because she didn’t know who she was looking for.”In addition to that, the report detailed that Rathburn cursed out the teacher and a school administrator.Rathburn says she does regret breaking the law, however, she does not regret standing up for her child.“I don’t regret standing up for my child one bit,” she says. “I regret the way I did it.”Authorities say they became aware of the incident via a Facebook video that Rathburn posted to her account but later deleted. She was arrested four days after the incident for non-student interfering, disrupting or disturbing schools.If found guilty she could be jailed up to a year or face up to a $2,000 fine.
Hike in the price of rice on the Liberian market has forced the House of Representatives to launch an immediate investigation.Plenary on Tuesday, September 23, 2014 agreed to reduce itself to a single committee aimed at addressing the growing concern over the hike in the prices of rice and other basic commodities.The House voted overwhelmingly to summon authorities of the Ministry of Commerce and Industry to appear before that August Body on Thursday, September 25, 2014 at 10 a.m.Plenary demanded that Commerce and Industry Minister Axel Addy appear along with his support staff, Assistant Minister Stephen Marvie and Inspector General Macaetoh Wreh.The House is deeply concerned over the sudden increase in the prices of basic commodities; an indication plenary believed is a “default on the part of the Ministry after assuring the general public of a stable economy as the country faces such national health emergency.”According to Representative Munah Pelham-Youngblood’s motion, the Ministry must be made to answer to inquiries surrounding “the increase, why there is any increase and what is the Ministry doing to remedy the situation.”Lofa County Representative Moses Kollie’s letter prompted the probe. His communication sparked up serious debate on the floor of the House’s chamber.During the deliberation, Capitol Hill seemed furious over the hike forcing few lawmakers to question donations from business entities to government’s Ebola fight.“We have to be careful with some of these donations that are coming to government in the name of fighting Ebola,” Bong County Representative Adam Bill Corneh said.He further indicated, “Business people always want to maximize profits. I believe that all the donations from these business people will have to be paid for indirectly by the suffering masses.”Following the outbreak of the second wave of the Ebola virus disease, the government of Liberia announced that it was on top of things relative to controlling the economy to avoid encountering similar situation.Different government functionaries including the Liberia National Police, Ministries of Transport and Commerce and Industry all announced that they were effective to respond to the hike in the prices of basic commodities and transport fares. Each warned violators of drastic measures.Few weeks later, Commerce released the authorized price of rice at US$17 per 25kg bag. However, at the moment, importers of rice are selling it for US$20 for a bag of 25kg with little or nothing being done by the Ministry of Commerce to address the matter.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)
Eight individuals, including two Indian Americans, have been publicly charged with federal crimes for allegedly engaging in deceptive trading practices in the United States.Jitesh Thakkar, 41, of Naperville, Illinois, has been charged with conspiracy and spoofing offenses, according to the U.S. Department of Justice. New York-based Krishna Mohan, 33, is charged in a criminal complaint filed in the Southern District of Texas with commodities fraud and spoofing offenses. The offenses were allegedly committed when he was employed as a programmer and trader at a proprietary trading firm in Chicago, Illinois.Five of the people charged, including Thakkar and Mohan, were arrested on Jan. 29. Among the others charged are Jiongsheng Zhao, who was arrested in Australia; Edward Bases and John Pacilio, who were arrested in Connecticut; UK resident James Vorley, and Cedric Chanu, who lives in the United Arab Emirates. The Justice Department in its announcement of charges on Jan. 29 also included Andre Flotron, a former precious metals trader at UBS, who was arrested in September following accusations of engaging in spoofing.“Thakkar developed a software program that was used by Thakkar’s co-conspirator to engage in spoofing through the placement of thousands of orders on the Chicago Mercantile Exchange when Thakkar was the founder and principal of Edge Financial Technologies Inc.,” said the Department of Justice in a statement.According to the complaint, it was traced through data analysis that Mohan was involved in a pattern of spoofing over 1,000 times in a two-month period.Seven of the eight individuals were charged with the crime of spoofing — an illegal trading practice that can be used to manipulate the commodities markets. “Other than the individuals identified today, only three other individuals have ever been publicly charged with the crime of spoofing,” the statement added.Among the individuals who have been identified, five were traders employed by global financial institutions, while two others were traders at large commodities trading firms, and one was the owner of a technology consulting firm.“As alleged, the defendants in these cases engaged in sophisticated schemes or trading practices aimed at defrauding individuals and entities trading on U.S. futures exchanges,” said General John P. Cronan, the Acting Assistant Attorney.He added that this kind of conduct presents a substantial amount of risk of eroding confidence in U.S. markets. It leads to the creation of unfair playing field for those traders and investors who take the legal route to do things.“The Department and our law enforcement partners will use all of the tools at our disposal, including cutting-edge data analysis, to detect these types of schemes and to bring those who engage in them to justice. Protecting the integrity of our markets remains a significant priority in our fight against economic crime,” Cronan said.According to the charging documents, the spoof orders often had the effect of artificially depressing or artificially inflating the prices of futures contracts traded on CME, Chicago Board of Trade (CBOT), and the Commodity Exchange Inc., (COMEX).The defendants, along with their co-conspirators, to take advantage of the artificial price levels created by their spoof orders, have been alleged to execute real, genuine orders to buy these at the artificially low prices or to sell at the artificially high prices. This was done to generate trading profits or to unlawfully lessen other trading losses.“Their deceptive trading artificially affected the perception of supply and demand in the market and took away a level playing field for investors. We ask for those who observe indicators of this type of fraud to come forward to law enforcement so that we can stop those who attempt to exploit our financial system,” said Deputy Assistant Director Chris Hacker of the FBI’s Criminal Investigative Division.He added that the FBI has taken enforcement action against multiple commodities traders who were spoofing trades through electronic trading platforms for their gain.Director James McDonald of the U.S. Commodity Futures Trading Commission’s (CFTC) Division of Enforcement said that spoofing is a malicious example of bad actors seeking to manipulate the market through the abuse of technology.“The technological developments that enabled electronic and algorithmic trading have created new opportunities in our markets. At the CFTC, we are committed to facilitating these market-enhancing developments. But at the same time, we recognize that these new developments also present new opportunities for bad actors,” he added. Related ItemsFinanceIndian Americanmarket