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Paul Merrell

PayPal to Pay $25 Million to Settle CFPB Case - 0 views

www.corporatecrimereporter.com/...25-million-to-settle-cfpb-case

banksters PayPal litigation false-advertising fraud

shared by Paul Merrell on 07 Jul 15 - No Cached
  • By Editor Filed in News May 19th, 2015 @ 11:50 am The Consumer Financial Protection Bureau (CFPB) filed a complaint and proposed consent order in federal court against PayPal, Inc. for illegally signing up consumers for its online credit product, PayPal Credit, formerly known as Bill Me Later. The CFPB alleges that PayPal deceptively advertised promotional benefits that it failed to honor, signed consumers up for credit without their permission, made them use PayPal Credit instead of their preferred payment method, and then mishandled billing disputes.
  • Under the proposed order, PayPal would pay $15 million in consumer redress and a $10 million penalty, and it would be required to improve its disclosures and procedures. “PayPal illegally signed up consumers for its online credit product without their permission and failed to address disputes when they complained,” said CFPB Director Richard Cordray. “Online shopping has become a way of life for many Americans and it’s important that they are treated fairly. The CFPB’s action should send a signal that consumers are protected whether they are opening their wallets or clicking online to make a purchase.”
  • As with credit cards and other forms of credit, consumers using PayPal Credit may incur interest, late fees, and other charges. Consumers often enroll in PayPal Credit while purchasing a good or service online or while creating a PayPal account. Since 2008, PayPal has offered PayPal Credit to consumers across the country making purchases from thousands of online merchants, including eBay. The CFPB alleges that many consumers who were attempting to enroll in a regular PayPal account, or make an online purchase, were signed up for the credit product without realizing it. The company also failed to post payments properly, lost payment checks, and mishandled billing disputes that consumers had with merchants or the company. Tens of thousands of consumers experienced these issues.
Paul Merrell

Greenwald's Twitter War Over PayPal-NSA Allegations | MyFDL - 0 views

my.firedoglake.com/...ds-over-paypal-nsa-allegations

surveillance state NSA Greenwald Paypal bribery

shared by Paul Merrell on 13 Dec 13 - No Cached
  • In the interconnected, instantaneous and byte-sized world of internet journalism, both cyber-space and real-time often bend and warp into a self-referential wormhole.
  • And one of those fascinating wormholes just opened on Twitter as super neo-journalist Glenn Greenwald and 9/11 whistleblower Sibel Edmonds exchanged a series of increasingly vitriolic and accusatory tweets over Edmonds’ latest blog on Boiling Frogs Post:  BFP Breaking News–Omidyar’s PayPal Corporation Said To Be Implicated in Withheld NSA Document. In it, Edmonds claims that Greenwald’s soon-to-be financial partner and backer—PayPal billionaire Pierre Omidyar—was, in effect, a knowing partner with NSA spying and financial data-mining efforts: The 50,000-pages of documents obtained by NSA whistleblower Edward Snowden contain extensive documentation of PayPal Corporation’s partnership and cooperation with the National Security Agency (NSA), according to three NSA veterans.
  • Once again, Greenwald’s point is well taken. Neither Edmonds nor her interviewees can state as fact that there is anything in the Snowden docs that shows PayPal-NSA cooperation. However, their point is that—given the statement that only 1% of the documents have been released—the apparent trickle of the information from the trove highlights the need for transparency. Particularly if, in fact, there is anything in there that implicates PayPal. In fact, Greenwald doesn’t really challenge the claim of PayPal-NSA cooperation, just the claim that he is covering it up by withholding Snowden docs that implicate PayPal
  • ...2 more annotations...
  • This is a tricky situation. Unlike Wikileaks and their bulk data-dumps, Greenwald and Co. have released classified information in a more traditional, “sound practices of journalism” sorta way. Government officials get the opportunity to respond. Each story is hashed out and vetted in a normalized editorial process. Then the story is run. But daily revelations about the NSA using every imaginable electronic device to collect data are breeding suspicion and a growing sense that nothing is sacred (although dildos, electric razors and Magic Bullet food processors still seem safely anonymous). It seems that everything is in question, particularly in that redacted zone between the public and its national security minders at the helm of the United States of Surveillance. Thus, withholding information is an increasingly hard thing to defend. This creates a bit of a problem for Greenwald and his association with Omyidar which, it seems, is fair to question given what we know about the NSA’s penchant for doing business with many different businesses. Full disclosure of the Snowden documents may be, in the final analysis, the only antiseptic that will calm suspicions amongst allies.
  • Greenwald has already mounted a strong defense against accusations that the slow, methodical release of Snowden’s treasure-trove is a self-serving, profit-making process that, unlike a massive and direct data-dump, only serves the interests of his newspaper and his career. But these claims are likely to dog him—both from those who simply seek to punish him through proxies and by those who earnestly criticize a traditional “sound practices of journalism” approach to information that relies on the role of gatekeepers to decide how and when information is released over the Wikileaks-style which emphasizes the public’s inherent right to see immediately what lies behind the veil of secrecy. In this age of Twitterati, instant attacks, rapid-fire counter-attacks and Matrix-like convolution regarding who is plugged into whom, transparency is the only way to short-circuit festering suspicion—not just for governments, but also for the journalists, whistleblowers and the public they try to serve. Now it seems it’s up to Greenwald to clarify his association with Omidyar and for Omidyar to shine a bright light on PayPal’s associations with NSA.
Paul Merrell

BFP Breaking News- Omidyar's PayPal Corporation Said To Be Implicated in Withheld NSA Documents - 0 views

www.boilingfrogspost.com/...ated-in-withheld-nsa-documents

surveillance state NSA Greenwald Paypal bribery

shared by Paul Merrell on 13 Dec 13 - No Cached
  • Update 2: Glenn Greenwald Goes on Record: “I Don’t Doubt PayPal Cooperates with NSA!”
  • The 50,000-pages of documents obtained by NSA whistleblower Edward Snowden contain extensive documentation of PayPal Corporation’s partnership and cooperation with the National Security Agency (NSA), according to three NSA veterans. To date, no information has been released as to the extent of the working relationship and cooperation between the two entities- NSA and PayPal Corporation. What’s more, the billionaire owner of PayPal Corporation has entered into a $250 Million business partnership with two journalists-Glenn Greenwald and Laura Poitras, a journalist duo who possess the entire cache of evidence provided by Edward Snowden. Despite earlier pledges by the journalists in question, only one percent (1%) of Snowden’s documents has been released. BFP was recently contacted by a retired NSA official who claims that the documents obtained by NSA whistleblower Edward Snowden contain extensive documentation pertaining to NSA’s partnership with major U.S. financial institutions, including credit card companies and PayPal Corporation. The official, who requested anonymity, also alleges that a deal was made in early June, 2013 between the journalists involved in this recent NSA scandal and U.S. government officials, which was then sealed by secrecy and nondisclosure agreements by all parties involved. Upon receiving this report BFP contacted three other high-level former NSA officials for additional information and comments.
  • Paul Merrell on 13 Dec 13
     
    Glenn Greenwald accused of accepting a bribe from NSA-affiliated PayPal  by respected whistle-blower Sibel Edmonds. 
Gary Edwards

Operation Sleeping Giant: "Breaking The Silver Manipulation Barrier" by Brandon Smith - 0 views

operationsleepinggiant.com

Brandon-Smith GOLD Sir-Charles SiLVER Currency-basket Priced-in-Gold

shared by Gary Edwards on 11 Jan 13 - No Cached
  • Gary Edwards on 11 Jan 13
     
    Written in August of 2011, this article continues to be an important guideline to understanding Gold and Silver prices, and the efforts of Banksters to manipulate these competing forms of monetary exchange to the US Dollar.  Good stuff.  And i did write Brandon a proposal for a mobile application connecting PayPal to the Storage Vault Depositories he sites in this article (based on the GOLD app design i provided to Tino in 2008). excerpt: China Competes With The Comex As of this summer China now has its own Comex, called the Hong Kong Mercantile Exchange. The exchange opened for trade on May 18th (the CME's incredible margin hikes in silver began only weeks before, which suggests to me that they were trying to preempt the positive effects the HKMEX would have on metals). The HKMEX moved into action only five months after the Chinese Pan American Gold Exchange was instituted. The exchange issues its own ETF's in gold and silver. These securities, though, are not based on leverage or derivatives like most Comex based ETFs. The bottom line; the Comex global monopoly on commodities trade is over: How To Break The Barrier Methods for smaller investors to fight back against the market manipulations of large banks have been sparse, and often limited to desperate appeals to the CFTC and the government, who are bought and paid for, and who have no intention of ever stopping global financiers from dragging their unwashed behinds across the face of the planet. Relying on bureaucrats to mend the wounds they themselves encouraged or inflicted is foolhardy, to say the least. Top down solutions are NOT an option now, and I'm not sure if they ever were. This leaves us with only one other choice; to fix the problem with our own hands from the bottom up. This is, of course, easier said than done… In the case of silver manipulation, what we are faced with is an unprecedented effort to subvert and suppress an alternative system so that the mainstream system can continue to
Gary Edwards

Everyone is on the Gold Standard. It's not a choice any country or central bank can make. - 0 views

Dear WSJ Moderator, I tried to post a comment to the community forum for the article, "Currency Chaos; Where do we go from here?" My comments were rejected with the error message, "The language y...

gold gold-currency wsj robert-mundell milton-friedman fiat-currencies

started by Gary Edwards on 20 Oct 10 no follow-up yet
Gary Edwards

Silicon Valley represents an entirely new political category | Gregory Ferenstein | LinkedIn - 0 views

www.linkedin.com/...w-political-gregory-ferenstein

Silicon-Valley

shared by Gary Edwards on 12 Nov 15 - No Cached
  • Gary Edwards on 12 Nov 15
     
    "Silicon Valley represents an entirely new political category" Over the last decade, Silicon Valley has become an extraordinary force in politics, but they've bewildered the DC establishment with their bizarre loyalties. Tech titans are the arch nemesis of labor unions on a series of fronts, from high-skilled immigration and the taxi industry to free trade and their aggressive funding of union-less public charter schools. And, yet, tech CEOs are arguably the Democrats' biggest cheerleaders: in the 2012 presidential election, 83% of employee donations from top tech firms went to Obama. "Most of Silicon Valley, most of the executives, tend to be Democrats," PayPal co-Founder, Peter Thiel, told me." Very interesting article based on interviews and surveys of Silicon Valley technology leaders.
Paul Merrell

F.B.I. Informant Is Tied to Cyberattacks Abroad - NYTimes.com - 0 views

www.nytimes.com/...ed-to-cyberattacks-abroad.html

surveillance state cyberwar FBI targets Anyonymous

shared by Paul Merrell on 24 Apr 14 - No Cached
  • An informant working for the F.B.I. coordinated a 2012 campaign of hundreds of cyberattacks on foreign websites, including some operated by the governments of Iran, Syria, Brazil and Pakistan, according to documents and interviews with people involved in the attacks.Exploiting a vulnerability in a popular web hosting software, the informant directed at least one hacker to extract vast amounts of data — from bank records to login information — from the government servers of a number of countries and upload it to a server monitored by the F.B.I., according to court statements.
  • The attacks were coordinated by Hector Xavier Monsegur, who used the Internet alias Sabu and became a prominent hacker within Anonymous for a string of attacks on high-profile targets, including PayPal and MasterCard. By early 2012, Mr. Monsegur of New York had been arrested by the F.B.I. and had already spent months working to help the bureau identify other members of Anonymous, according to previously disclosed court papers.One of them was Jeremy Hammond, then 27, who, like Mr. Monsegur, had joined a splinter hacking group from Anonymous called Antisec. The two men had worked together in December 2011 to sabotage the computer servers of Stratfor Global Intelligence, a private intelligence firm based in Austin, Tex.
  • Shortly after the Stratfor incident, Mr. Monsegur, 30, began supplying Mr. Hammond with lists of foreign websites that might be vulnerable to sabotage, according to Mr. Hammond, in an interview, and chat logs between the two men. The New York Times petitioned the court last year to have those documents unredacted, and they were submitted to the court last week with some of the redactions removed.Continue reading the main story “After Stratfor, it was pretty much out of control in terms of targets we had access to,” Mr. Hammond said during an interview this month at a federal prison in Kentucky, where he is serving a 10-year sentence after pleading guilty to the Stratfor operation and other computer attacks inside the United States. He has not been charged with any crimes in connection with the hacks against foreign countries.
  • ...2 more annotations...
  • according to an uncensored version of a court statement by Mr. Hammond, leaked online the day of his sentencing in November, the target list was extensive and included more than 2,000 Internet domains. The document said Mr. Monsegur had directed Mr. Hammond to hack government websites in Iran, Nigeria, Pakistan, Turkey and Brazil and other government sites, like those of the Polish Embassy in Britain and the Ministry of Electricity in Iraq.
  • The hacking campaign appears to offer further evidence that the American government has exploited major flaws in Internet security — so-called zero-day vulnerabilities like the recent Heartbleed bug — for intelligence purposes. Recently, the Obama administration decided it would be more forthcoming in revealing the flaws to industry, rather than stockpiling them until the day they are useful for surveillance or cyberattacks. But it carved a broad exception for national security and law enforcement operations.
  • Paul Merrell on 24 Apr 14
     
    Has no one in government ever heard of the concept of leadership by example? Or the Golden Rule?
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