AT&T hit with $224M lawsuit over cryptocurrency loss
Cryptocurrency investor Michael Terpin on Wednesday filed a $224 million lawsuit against AT&T, accusing the telecommunications company of gross negligence, fraud and other violations after millions in online currency were allegedly stolen from his account.
Terpin alleges that the company failed to protect its customers' private information and has willfully turned a blind eye on corrupt transactions between AT&T employees and hackers, according to the complaint filed in U.S. District Court in Los Angeles.
The court documents claims the company’s employees “actively cooperate with hackers in SIM swap frauds by giving hackers direct access to customer.”
Terpin alleges that his digital coins were stolen in a SIM swap fraud. A SIM card, or subscriber identification module, helps authenticate an individual’s mobile phone. Fraud can occur when a provider is tricked into transferring a victim’s phone number to a SIM card that is run by a hacker, who can use access to the phone number to reset passwords and log into the victim's online accounts.
The complaint seeks to paint a picture of corruption and negligence on behalf of prominent telecommunications company, which he alleges has “become too big to care.”
In the court documents, Terpin accuses the company has done “nothing” to protect nearly 140 million customers from fraudulent activity, while pointing to a history of AT&T customers abusing customers’ private information.
This failure, Terpin alleges, makes AT&T “directly culpable for these attacks,” particularly because the company details a subscriber privacy protection system that he claims is “a lot of reassuring words that promote a false sense of security.”
“AT&T persists in not providing adequate security even though it knows that hackers target its systems because the hackers know they are riddled with flaws,” the court document reads.
https://thehill.com/policy/cybersecurity/401947-att-hit-with-224m-lawsuit-over-cryptocurrency-loss
Enjoying the show?
Manafort trial becomes spectator sport
Dozens of people have waited in line each day to sit through hours of what has at times been dense testimony on bank and tax records in the criminal trial against former Trump campaign chairman Paul Manafort —and it’s not because they had to.
Manafort’s trial has attracted a large number of spectators who have come out of a pure curiosity to watch the proceedings play out live before their eyes.
While some observers have undoubtedly been local, others have come from New York City, the Eastern Shore of Virginia and the Midwest.
https://thehill.com/homenews/administration/401952-manafort-trial-becomes-spectator-sport
Prosecutors blast 'Manafort’s lies' in closing arguments against ex-Trump campaign chairman
Prosecutors in the bank and tax fraud case against Paul Manafort used their closing arguments on Wednesday to paint the former Trump campaign chairman as a chronic liar, telling jurors Manafort is “not above the law.”
“Mr. Manafort lied to keep more money when he had it, and lied to get more money when he didn’t … This is a case about Mr. Manafort’s lies,” prosecutor Greg Andres said.
Manafort, 69, is facing tax evasion and bank fraud charges after being accused of hiding income earned from his Ukrainian work from the IRS. He’s also accused of fraudulently obtaining millions in bank loans.
He has pleaded not guilty to the charges.
Andres said the testimony over the last two weeks shows Manafort hid money in foreign bank accounts to spend on luxury items and real estate.
“The government asks you to return the only verdict that is consistent with the evidence, which is guilty on all charges,” Andres said.
https://www.foxnews.com/politics/2018/08/15/prosecutors-blast-manafort-s-lies-in-closing-arguments-against-ex-trump-campaign-chairman.html
He was married to Nicole Kidman.
NK's father was a raging satanic pedophile who allegedly abused Fiona Bartlett.
So, yeah