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Crime and Punishment (x3): White Collar, Violent, and Cyber
Thursday, April 6th, 2023
San Francisco's Public Safety Debate Reignited by Fatal Stabbing of Tech Executive Bob Lee
Bob Lee, the founder of Cash App and current chief product officer of MobileCoin, tragically lost his life on Tuesday due to a fatal stabbing in downtown San Francisco. The police have not disclosed any details about the circumstances of the attack, but they responded to a report of a stabbing near the Embarcadero waterfront at 2:35 a.m. and found Lee, who was 43 years old, suffering from apparent stab wounds. MobileCoin CEO Josh Goldbard confirmed that Lee was the victim of this senseless act of violence. Lee's passing has reignited the debate over public safety in San Francisco, particularly in its moribund downtown area, which has yet to fully recover from the pandemic.
Lemon8: The Backup App for When Congress Finally Bans TikTok
ByteDance, the tech giant responsible for draining the productivity of millions with TikTok, has unveiled their latest creation: Lemon8. It's like Instagram and Pinterest had a love child, then sprinkled some invasive data collection techniques that would make even Facebook blush. The app has already taken Asian markets by storm with roughly 7.4 million downloads in Thailand and 5 million downloads in Japan and has its sights set on the US which had 290,000 downloads in March alone. We're no longer carrying around a phone with some apps, rather a social media launcher that also happens to make phone calls.
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Scopely Acquisition Part of Saudi Arabia's Plan to Own Everything, Everywhere All At Once
Saudi Arabian games and esports company Savvy Games Group, which is part of the country's Public Investment Fund, is to acquire mobile games firm Scopely for $4.9 billion, the sixth biggest acquisition in video games history. Essentially, Saudi Arabia is no longer content with just dominating the fossil fuel industry, now they want to take over the Candy Crush market too. The acquisition will see Scopely continue to be led by co-CEOs Walter Driver and Javier Ferreira, and will enable the firm to extend its live services expertise to new segments, such as PC and console gaming. Savvy is also expected to operate the Los Angeles-based Scopely as an autonomous company under its umbrella. Let's be honest, in five years we'll all be playing "Desert Raid: Oil Tycoon Edition" on our phones.
FBI Destroys Cyber Criminals' Favorite Marketplace, Ruins Everything
The FBI has worked with international law enforcement agencies to seize Genesis Market, a notorious hacker marketplace used for acquiring stolen login credentials and digital browser fingerprints. The takedown led to 120 people arrested with 200 searches conducted globally and was aptly named "Operation Cookie Monster," which, as we all know, is the technical term for shutting down international cybercrime rings. The Genesis Market has been active since 2017 as an invitation-only online marketplace that sells stolen credentials, cookies and digital browser fingerprints gathered from compromised systems. According to the FBI, the now-defunct marketplace has been linked to millions of financially motivated cyber incidents globally, with over 1.5 million compromised computers worldwide containing over 80 million account access credentials. Thanks a lot, FBI. Now how are we supposed to steal our neighbor's Netflix login?
From Forbes' "30 Under 30" to 30 Years Behind Bars
Charlie Javice, once a shining, now swindling, star on Forbes’ “30 Under 30” list, has been charged with fraud after allegedly lying about the number of customers her student loan assistance program serviced. The irony of Javice’s company being named “Frank”, yet her approach to business was everything short of honest is just the cherry on top. She is accused of creating a fake database and buying real data on college students to dupe JP Morgan Chase into believing the platform had over 4.25 million users, resulting in the sale of her company for a cool $175 million. Javice faces a maximum of 30 years in prison for her fraudulent activities, but at least she achieved the American dream of scamming her way to the top.