Former Goldman banker settles SEC 'pay-to-play' charges
WASHINGTON/CHICAGO - A former Goldman Sachs Group Inc. investment banker has agreed to a five-year securities industry ban and a record fine to settle Securities and Exchange Commission charges that he broke rules against influence peddling to win bond underwriting business in Massachusetts.
Tax-Avoiding Corporations Siphoning Billions from World's Poorest
Some of the world's wealthiest corporations—utilizing secretive tax havens backed by powerful governments—are siphoning billions of dollars of potential revenue from the very same poor countries that foreign investment is so often said to be helping.
Congress Crowdsourcing New High-Skilled Immigration Bill, Contribute Here
The U.S. House of Representatives just released its own version of a high-skilled immigration reform bill and is actively seeking input through the collective IQ of the Internet. House Oversight Chairman and one of our Most Innovative People in Democracy, Darrell Issa, has placed the Supplying Knowledge-Based Immigrants And Lifting Levels of STEM (SKILLS) Visas Act on his very own public markup utility, Project Madison (we partnered with Issa’s nonprofit, the Open Government Foundation and have integrated it into our CrunchGov site). Details Of The New Bill A few important details about the bill that took an admirable bit of linguistic gymnastics to come up with a title to fit that obviously pre-determined acronym. (U.S. government 101: in order to become law, both the House and the Senate will have to combine their bills. The details below are the important differences between the House and the Senate). 1). SKILLS Visa is a net neutral green card allotment system; the 120,000 high-skilled ...
LoyalBlocks Lands $9 Million Led By General Catalyst To Scale Out Its Mobile-Based Loyalty Program
LoyalBlocks, a startup that makes a mobile-focused technology platform for brick-and-mortar businesses looking to encourage customer loyalty, has raised $9 million in new funding. The round, which serves as LoyalBlocks' Series A, was led by General Catalyst Partners with participation from Founder Collective and existing investor Gemini Israel Ventures. This brings the total investment into LoyalBlocks to $12.2 million. As part of the funding, General Catalyst's Adam Valkin, who joined General Catalyst from Accel Ventures late last year, will join LoyalBlocks' board. LoyalBlocks, which is headquartered in New York City and has its engineering operations in Israel, says it will use the new funds to further scale out its operations throughout the United States -- at the moment, it's got a solid foothold with over 1500 locations using the platform, CEO Ido Gayer tells me. The company has a full-time staff of 18 that could also grow with the new funds.
Two Months After Acquisition, Mailbox Launches Its Email Management App For The iPad
Sometimes, when a truly innovative startup is acquired by a larger company, innovation slows to a crawl. And other times, when an acquisition happens, a company gets the backup and investment it needs to keep on innovating. It seems like that latter case is true for Mailbox, which, two months after being acquired by Dropbox, is now ready to release its iPad app to the world.