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Updated: 12 min 36 sec ago

Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2 Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as a 'racing version of the Honda Civic imported from Britain.' Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2-Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as 'racing version of the Honda Civic imported from Britain'. Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

Mt. Gox Questioned By Employees For At Least 2-Years Before Crisis

Sun, 03/30/2014 - 15:42
Rambo Tribble (1273454) writes "Reuters reports that Mt. Gox employees began to question the handling of funds at least two years ago. Although only CEO Mark Karpeles had full access to financial records, a group of a half-dozen employees began to suspect client funds were being diverted to cover operating costs, which included Karpeles' toys, such as 'racing version of the Honda Civic imported from Britain'. Employees confronted Karpeles in early 2012, only to be given vague assurances with a 'pay no attention to the man behind the curtain' ring. Unfortunately, since Mt. Gox was not regulated as a financial institution under Japanese law, it is unclear what recourse might be gained in pursuing this question."

Read more of this story at Slashdot.








Categories: IT News

West Nile Virus May Have Met Its Match: Tobacco

Sun, 03/30/2014 - 14:37
An anonymous reader writes in with news about a compound produced using genetically altered tobacco plants that may prove useful in battling the West Nile virus. "Some people think of tobacco as a drug, whereas others think of it as a therapy — or both. But for the most part, it's hard to find people who think of the tobacco plant in terms of its medical applications. Qiang Chen, an infectious disease researcher at Arizona State University, is one such person. His team of scientists conducted an experiment, published today in PLOS ONE, that demonstrates how a drug produced in tobacco plants can be used to prevent death in mice infected with a lethal dose of West Nile virus. The study represents an important first step in the development of a treatment for the mosquito-borne disease that has killed 400 people in the US within the last two years."

Read more of this story at Slashdot.








Categories: IT News

Daylight Saving Time Linked To Heart Attacks

Sun, 03/30/2014 - 13:33
jones_supa (887896) writes "Switching over to daylight saving time, and hence losing one hour of sleep, raised the risk of having a heart attack the following Monday by 25 percent, compared to other Mondays during the year, according to a new U.S. study released on Saturday. By contrast, heart attack risk fell 21 percent later in the year, on the Tuesday after the clock was returned to standard time, and people got the extra hour of sleep. The not-so-subtle impact of moving the clock forward and backward was seen in a comparison of hospital admissions from a database of non-federal Michigan hospitals. It examined admissions before the start of daylight saving time and the Monday immediately after, for four consecutive years. Researchers cited limitations to the study, noting it was restricted to one state and heart attacks that required artery-opening procedures, such as stents."

Read more of this story at Slashdot.








Categories: IT News

Samsung SSD 840 EVO MSATA Tested

Sun, 03/30/2014 - 12:32
MojoKid (1002251) writes "Shortly after 2.5-inch versions of Samsung's SSD 840 EVO drives hit the market, the company prepared an array of mSATA drives featuring the same controller and NAND flash. The Samsung SSD 840 EVO mSATA series of drives are essentially identical to their 2.5" counterparts, save for the mSATA drives' much smaller form factor. Like their 2.5" counterparts, Samsung's mSATA 840 EVO series of drives feature an updated, triple-core Samsung MEX controller, which operates at 400MHz. The 840 EVO's MEX controller has also been updated to support the SATA 3.1 spec, which incorporates a few new features, like support for queued TRIM commands. Along with the MEX controller, all of the Samsung 840 EVO mSATA series drives feature LPDDR2-1066 DRAM cache memory. The 120GB drive sports 256MB of cache, the 250GB and 500GB drive have 512MB of cache, and the 750GB and 1TB drives have 1GB of cache. Performance-wise, SSD 840 EVO series of mSATA solid state drives performs extremely well, whether using synthetic benchmarks, trace-based tests like PCMark, or highly-compressible or incompressible data."

Read more of this story at Slashdot.








Categories: IT News

How Ford's Virtual Reality Lab Helps Engineers

Sun, 03/30/2014 - 11:30
cartechboy (2660665) writes "Facebook bought OculusVR and the world tilted a little on its axis. But good old Ford has been using VR all along without much fanfare. VR tech effectively gives Ford engineers X-ray vision, so they can — virtually — see through a vehicle's structure, which helps to design mechanical hardware, and spot issues with designs that might interfere with vehicle 'hard points.' Ford's engineers also use VR headsets to check out exterior and interior designs of cars that don't exist in the physical world — at least not yet. Team members walk around virtual cars to preview designs, or "get in" to check if interior layouts will work in the real world."

Read more of this story at Slashdot.








Categories: IT News

Famous Paintings Help Study the Earth's Past Atmosphere

Sun, 03/30/2014 - 10:26
houghi (78078) writes "From European Geosciences Union: 'A team of Greek and German researchers has shown that the colours of sunsets painted by famous artists can be used to estimate pollution levels in the Earth's past atmosphere. In particular, the paintings reveal that ash and gas released during major volcanic eruptions scatter the different colours of sunlight, making sunsets appear more red.' The original paper can be found here. In the last 150 years, the sunsets have become redder, likely reflecting increased man-made pollution."

Read more of this story at Slashdot.








Categories: IT News

Researchers: Rats Didn't Spread Black Death, Humans Did

Sun, 03/30/2014 - 09:25
concertina226 (2447056) writes "Scientists studying the human remains of plague victims found during excavations for London's new Crossrail train line have concluded that humans spread the Black Death rather than rats, a fact that could rewrite history books. University of Keele scientists, working together with Crossrail's lead archaeologist Jay Carver and osteologists from the Museum of London, analyzed the bones and teeth of 25 skeletons dug up by Crossrail. They found DNA of Yersinia pestis, which is responsible for the Black Death, on the teeth of some of the victims."

Read more of this story at Slashdot.








Categories: IT News

How Facebook and Oculus Could Be a Great Combination

Sun, 03/30/2014 - 08:23
Hugh Pickens DOT Com writes: "Nate Swammer writes at Slashgear that with Facebook's purchase of Oculus for a cool $2 billion, the fervor surrounding virtual reality headwear quickly turned to disdain. Betrayal, confusion, and anger became the order of the day for contributors who gave Oculus $2.4 million through its Kickstarter campaign. But now that passions have cooled and looking at the issues dispassionately, the Facebook acquisition may turn out much better than anticipated for users. While many may have a fervent distrust for Facebook, this deal bodes well for Oculus, and by virtue, us. First Oculus wasn't flush, and although Oculus may have had some hustle behind it, it may not have been enough. John Carmack, Oculus CTO, said via Twitter, 'I expect the FB deal will avoid several embarrassing scaling crisis for VR.' The headwear already famously suffered from a supply chain issue not long ago, which actually stopped it dead in its tracks. Next, in their official announcement of the Facebook deal, gaming was barely a blip on the radar. It wasn't until the very end that gaming was even mentioned, with the bulk of the post discussing 'culture' and driving virtual reality forward. There was little to indicate any big titles were coming for Oculus. The fact is, Oculus needed help. Not technical assistance, but someone who could be their Sony, more or less. John Carmack says he has 'a deep respect for the technical scale that FB operates at. The cyberspace we want for VR will be at this scale.' Perhaps Facebook isn't the most popular choice, but they are the partner Oculus chose for their future says Swammer. 'Like Google purchasing Android in 2005, it all seems so strange right now [remember this story we discussed in 2009] — but we see how that turned out. If VR really is the next frontier, Facebook just staked their claim to a big slab of land in the heart of some virtual country they'll likely let us see someday — via Oculus.""

Read more of this story at Slashdot.








Categories: IT News