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Former Consultant Wesley Wang Sentenced in Manhattan Federal Court for Insider Trading 

U.S. Attorney’s OfficeJanuary 09, 2013
  • Southern District of New York(212) 637-2600
 http://www.fbi.gov/newyork/press-releases/2013/former-consultant-wesley-wang-sentenced-in-manhattan-federal-court-for-insider-trading

Preet Bharara, the United States Attorney for the Southern District of New York, announced that Wesley Wang, a former consultant with Trellus Management, was sentenced today to two years’ probation for his participation in insider trading schemes in which Wang provided material, non-public information (“inside information”) about various publicly traded companies to several individuals, including Doug Whitman, the president and founder of Whitman Capital. Wang pled guilty in July 2012 to two counts of conspiracy to commit securities fraud pursuant to a cooperation agreement with the government. He was sentenced in Manhattan federal court by U.S. District Judge Jed S. Rakoff.

According to the information, statements made during Wang’s guilty plea proceeding, Wang’s testimony during the criminal trial of Doug Whitman…

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http://weswang.wordpress.com

http://weswang.wordpress.com

Bitcoin wallets & addresses

A bitcoin transaction log showing addresses.

A user can have one or more bitcoin addresses from which bitcoins are sent or received using either a website or downloaded software often called a “wallet” like a digital wallet. Users can obtain new bitcoin addresses as needed. Many bitcoin services provide addresses tied to a user’s individual account to hold funds on the user’s behalf.

Specifically, a bitcoin address is a cryptographic public key[1] –– human-readable strings of numbers and letters around 33 characters in length, beginning with the digit 1 or 3, as in the example of 175tWpb8K1S7NmH4Zx6rewF9WQrcZv245W.[20] The matching private key is often stored in a digital wallet or mobile device and protected by a password or other means of authentication. Each bitcoin transaction is signed by the private key of the user initiating the transaction.

Various vendors offer banknotes

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bringitback

Phoenix Partners Group Donates $150,000 to St. Jude Children’s Research Hospital

* Reuters is not responsible for the content in this press release.
 
 
 
 
 
 
 
 
 
 

Wed Dec 9, 2009 10:49am EST

 

NEW YORK--(Business Wire)-- Phoenix Partners Group, a leading interdealer broker with offices in New York, London, and Paris, announced today that it has donated $150,000 to St. Jude Children's Research Hospital, one of the world's premier pediatric cancer treatment and research centers. The donation was funded through a portion of the proceeds from the firm's annual Joshua Bruce Sawyer memorial charity day, an annual event marked by Phoenix Partners Group and its employees donating all revenues and commissions to charitable causes. Mr. Sawyer was a colleague who died in January 2007 after losing his battle with angiosarcoma, a very rare form of cancer. He continued his work at Phoenix Partners…

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wesley wang

Bitcoin (signBitcoinSign.svg; code: BTC) is a cryptocurrency where the creation and transfer of bitcoins is based on an open-source cryptographic protocol that is independent of any central authority. Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution.[7] The concept was introduced in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it a peer-to-peer, electronic cash system.[1][8][9]

The processing of Bitcoin transactions is secured by servers called bitcoin miners. These servers communicate over an internet-based network and confirm transactions by adding them to a ledgerwhich is updated and archived periodically using peer-to-peer filesharing technology.[2] In addition to archiving transactions, each new ledger update creates some newly minted bitcoins. The number of new bitcoins created in each update is halved every 4 years until the year 2140 when this number will round down to zero. At that time no more bitcoins will be added into circulation and the total number of bitcoins will have reached a maximum of 21 million bitcoins.[1][10] To accommodate this limit, each bitcoin is subdivided down to eight decimal places; forming 100 million smaller units called satoshis per bitcoin.[4]

Bitcoin is accepted in trade by merchants and individuals in many parts of the world. Like other currencies, illicit drug and gambling transactions constitute some of its commercial usage.[11][12][13][14]Although the bitcoin is promoted as a digital currency, many commentators have criticized the bitcoin’s volatile exchange rate, relatively inflexible supply, and minimal use in trade.[15][16][17][18]

Transactions

Further information: Protocol of Bitcoin

Bitcoin wallets & addresses

A bitcoin transaction log showing addresses.

A user can have one or more bitcoin addresses from which bitcoins are sent or received using either a website or downloaded software often called a “wallet” like a digital wallet. Users can obtain new bitcoin addresses as needed. Many bitcoin services provide addresses tied to a user’s individual account to hold funds on the user’s behalf.

Specifically, a bitcoin address is a cryptographic public key[1] –– human-readable strings of numbers and letters around 33 characters in length, beginning with the digit 1 or 3, as in the example of 175tWpb8K1S7NmH4Zx6rewF9WQrcZv245W.[19] The matching private key is often stored in a digital wallet or mobile device and protected by a password or other means of authentication. Each bitcoin transaction is signed by the private key of the user initiating the transaction.

Various vendors offer banknotes and coins denominated in bitcoins; what is sold is really a bitcoin private key as part of the coin or banknote. Usually, a seal has to be broken to access the key, while the receiving address remains visible on the outside so that the balance can be verified.[citation needed]

Payment network & mining

A diagram of a bitcoin transfer.

The Bitcoin network protocol operates to provide solutions to the problems associated with creating a decentralized currency and a peer-to-peer payment network. Key among them is the use of a blockchain Wes Wang to achieve consensus and to solve the double-spending problem.

A bitcoin is defined by a chain of digitally-signed transactions that began with its creation as a block reward through bitcoin mining. Each owner transfers bitcoins to the next by digitally signing them over to the next owner in a Bitcoin transaction. A payee can then verify each previous transaction to verify the chain of ownership.

The network timestamps transactions by including them in blocks that form an ongoing chain called the blockchain. Wesley Wang Such blocks cannot be changed without redoing the work that was required to create each block since the modified block. The longest chain serves not only as proof of the sequence of events but also records that this sequence of events was verified by a majority of the Bitcoin network’s computing power. As long as a majority of computing power is controlled by nodes that are not cooperating to attack the network, they will generate the longest chain of records and outpace attackers.

The network itself requires minimal structure to share transactions. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will. Upon reconnection, a node will download and verify new blocks from other nodes to complete its local copy of the blockchain.[1][2]

 

jennasmith38's Blog

http://www.businesswire.com/news/home/20100115005709/en/Phoenix-Partners-Group-Donates-150000-Leukemia-Lymphoma

 

NEW YORK–(BUSINESS WIRE)–Phoenix Partners Group, a leading interdealer broker with offices in New York, London, and Paris, announced today that it has donated $150,000 to The Leukemia & Lymphoma Society (LLS), the world’s largest voluntary health organization dedicated to funding blood cancer research, education, and patient services.

“The Leukemia & Lymphoma Society is an extraordinary organization, funding critical research into blood cancers and providing much-needed information and support to patients and their families as they deal with the challenges of living with theses types of cancers”

The charitable gift for pediatric cancer research was funded through proceeds from the firm’s annual Joshua Bruce Sawyer memorial charity day, an event through which Phoenix Partners Group and its employees honor Mr. Sawyer, a former colleague, by donating all revenues and commissions earned that day to charitable causes.

“The Leukemia & Lymphoma Society is an extraordinary organization, funding critical…

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jennasmith38's Blog

http://wesleywang1234.blogspot.com

People need to know that when they purchase puppies over the Internet, through newspaper ads, or at pet stores, they are often unknowingly supporting the puppy mill industry.
Puppy mills are inhumane breeding facilities that produce puppies in large numbers. They are designed to maximize profits and commonly disregard the physical, social, and emotional health of the dogs. The breeding dogs at puppy mills live their entire lives in cages, and the poor conditions cause puppies to have more physical and behavioral problems than dogs from good sources. The best way to stop puppy mills is for consumers to stop supporting them. To find a puppy from a reputable source, visit your local animal shelter or find a reputable breeder and visit their premises in person to see how and where your puppy’s mother is living.
Responsible pet purchasing, adoption, and ongoing guardianship takes effort. But, it’s worth it…

View original post 88 more words

jennasmith38's Blog

http://wesleywang1234.blogspot.com

People need to know that when they purchase puppies over the Internet, through newspaper ads, or at pet stores, they are often unknowingly supporting the puppy mill industry.
Puppy mills are inhumane breeding facilities that produce puppies in large numbers. They are designed to maximize profits and commonly disregard the physical, social, and emotional health of the dogs. The breeding dogs at puppy mills live their entire lives in cages, and the poor conditions cause puppies to have more physical and behavioral problems than dogs from good sources. The best way to stop puppy mills is for consumers to stop supporting them. To find a puppy from a reputable source, visit your local animal shelter or find a reputable breeder and visit their premises in person to see how and where your puppy’s mother is living.
Responsible pet purchasing, adoption, and ongoing guardianship takes effort. But, it’s worth it…

View original post 88 more words