Boeing whistleblower raises doubts over 787 oxygen system

A Boeing whistleblower has claimed that passengers on its 787 Dreamliner could be left without oxygen if the cabin were to suffer a sudden decompression.

John Barnett says tests suggest up to a quarter of the oxygen systems could be faulty and might not work when needed.

He also claimed faulty parts were deliberately fitted to planes on the production line at one Boeing factory. read more »

Former Goldman Sachs executive to stand trial in Malaysia next year

Former Goldman Sachs banker Roger Ng will face trial in Malaysia in April for allegedly abetting the sale of $6.5 billion in bonds tied to troubled state fund 1Malaysia Development Berhad (1MDB), a judicial official said on Wednesday.

Malaysia had temporarily surrendered Ng for 10 months to the United States, where he has been charged for conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi through bond offerings that Goldman Sachs Group Inc (GS.N) had handled. read more »

SEC Charges Adviser for Running Ponzi Scheme Targeting Haitian Community

The Securities and Exchange Commission today filed charges against a New York investment adviser for operating a multimillion-dollar investment club that was actually a fraudulent Ponzi scheme targeting members of the local Haitian community as well as his family and friends. read more »

California Sues Facebook for Documents in Privacy Investigation

The state said Facebook had resisted or ignored dozens of requests for documents and internal correspondence about the company’s handling of personal data.

In a lawsuit filed by the attorney general, Xavier Becerra, the state said that over an 18-month period, Facebook had resisted or ignored dozens of questions and requests for documents, including email correspondence between executives like Mark Zuckerberg and Sheryl Sandberg, the company’s top two leaders. Mr. Becerra filed the lawsuit in the California Superior Court to obtain the communications. read more »