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Organized Crime is behind 70-80% of vehicle break-ins in SF

“This measure has had no impact on violent crime, but it has coincided with an uptick in property crime” writes The Economist for economist.com. A continued rise in property crime would test San Francisco’s progressive values.Several factors seem to explain the rise in San Francisco’s property crime.Among the nation’s 20 largest cities, San Francisco now has the highest rate of property crime, which includes things like theft, shoplifting and vandalism, per inhabitant. Source: economist.com

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Anne Hathaway and Rebel Wilson form the crime team of our dreams in ‘The Hustle’ trailer

“In the trailer for Chris Addison’s The Hustle, it’s because Anne Hathaway and Rebel Wilson make one hell of a team, taking down mark after mark because the world underestimates them” writes Proma Khosla for mashable.com. Hathaway leans into her Ocean’s 8 M.O. of a woman who most of the world sees as a pretty face, but who then also does crimes. Source: mashable.com

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Chicago financial adviser stole ‘at least $65 million’ in 10-year crime spree, feds allege

“Twelve years ago, Chicago banking tycoon Roger Weston sold his family bank and retired, at age 64, with a fortune of more than $200 million” writes Brett Arends for marketwatch.com. The Westons were not named in the federal charges but are separately suing Issa over the allegedly stolen money.He allegedly borrowed $5 million from a New York bank secured against some of Weston’s valuable Chinese art, according to another suit.Prosecutors did not detail how much money they think Issa may have stolen, but they allege that it is at least…

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I’m the former compliance head at a big Wall Street bank — here are 5 key lessons the financial world can learn from the doomed Fyre Festival

“But the fact is, most financial crime schemes of any magnitude will have a charismatic figure at their core” writes Eoin O Shea for businessinsider.com. This is financial crime 101.If an investment scheme is not regulated, the caveat emptor fog horns should sound loudly, no matter how much opaque mist the investment promoter creates.It is hard for financial crime to flourish using regulated channels. Source: businessinsider.com

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Guy named ‘Outlaw’ busted in citywide crime spree: cops

“A Harlem man named Ray Outlaw was arrested Tuesday in Manhattan in connection to what police sources say is a citywide crime spree totaling over 40 incidents” reports nypost.com. Authorities say that on Tuesday the one-man crime wave went into a Lower East Side Citibank on Grand Street and deposited an altered money order into an account in exchange for $400 in cash.The victim said he was later notified by Chase Bank that the money order was fraudulent. Source: nypost.com

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Arthur Martunovich allegedly targeted the Asian restaurant workers at the Seaport Buffet in Brooklyn.

“A man suspected of a bloody triple murder during dinner time at a Chinese restaurant in Brooklyn, New York, is facing murder and hate crime charges, the Brooklyn district attorney announced Friday” writes unknown author for huffingtonpost.com. According to police, he told officers that his attack was motivated by a movie he watched in which Asian men mistreated Asian women.At a news conference at the restaurant last week, city officials called on Gonzalez to investigate Martunovich’s attack as a hate crime, urging him to add related charges to the indictment.Shortly…

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China to execute driver who killed passenger of ride-hailing firm Didi Chuxing

“A Chinese court on Friday sentenced a man to death for raping and killing a female passenger of ride-hailing company Didi Chuxing last year, while he was employed as a driver” writes Zhang Peng for cnbc.com. The crime triggered fierce public and government criticism of Didi — whose backers include Uber Technologies, Apple and Japan’s SoftBank Group — and led to a safety overhaul at the company.The court in the eastern coastal city of Wenzhou announced the death penalty for 28-year-old Zhong Yuan, who committed the crime in August, in…

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