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US securities regulators charged BMW with inflating its retail sales volumes to investors, fining the luxury car company US$18 million in a settlement announced Thursday.BMW of North America, a subsidiary of the German company, provided inaccurate and misleading information while raising $18 billion in corporate bond offerings, the Securities and Exchange Commission (SEC) said.From 2015 to 2019, BMW relied on a reserve of unreported car sales that it used to meet targets regardless of when the sales took place. BMW also inaccurately designated some vehicles as sold when they had not been, and adjusted its sales reporting calendar in 2015 and 2017 to meet targets or bank excess sales for future use.”Companies accessing US markets to raise capital have an obligation to provide accurate information to investors,” said SEC enforcement director Stephanie Avakian.”Through its repeated disclosure failures, BMW misled investors about its US retail sales performance and customer demand for BMW vehicles in the US market while raising capital in the US.”BMW said it was “pleased” to resolve the matter, noting in a statement that the SEC had praised the automaker for cooperating with the probe.”Much of the conduct at issue in the SEC settlement occurred over three years ago,” BMW said. “The order is based on US securities laws which can be satisfied by negligence. There is no allegation or finding in the order that any BMW entity engaged in intentional misconduct.”Topics :
The Bosnian defender doesn’t even flinch as the robbers threaten him (Picture: PA)The judge described Smith, of Islington, north London, as a ‘career criminal’ who was well known to police.He was out on licence for a 42 month burglary sentence in 2017 when he tried to carry out the street robbery.Jailing him, the judge said: ‘It’s fair to say they planned this attack with great care, armed themselves with pointed weapons capable of causing significant injury one said to be a knitting needle one said to be a screwdriver.‘They had stolen a moped and they were disguised in dark clothing and helmets so they could not be recognised.‘It is clear they had been looking for candidates to rob and they can be seen driving up and down the road in the period before this attempt took place.‘It is said and it is obvious that both of these defendants are prolific career criminals.‘They recognised an opportunity to rob both victims and Mr Ozil who was in the vehicle with his newlywed wife and they moved in armed and dangerous. Sead Kolasinac fought off the pair who were armed with knives, a screwdriver and a large knitting needle (Picture: PA)Ozil’s newlywed wife watched in terror from inside the £165,000 car, which then sped away down the wrong side of a mansion-lined road before the targets took refuge at a Turkish restaurant.AdvertisementAdvertisementThe pair followed them on the moped and threw stones at the car in an attempt to stop the vehicle and caused a significant amount of damage.The robbers had ambushed the two players as Ozil was picking up a luxury watch which had been delivered to a teammate’s home.They both admitted attempting to rob the two players at Harrow Crown Court.Appearing before judge Ian Bourne via video link today with his face masked with a blue scarf, Smith was handed a 10 year jail sentence.He remained expressionless but his mother sobbed in the public galley. Sign Up for News UpdatesGet your need-to-know latest news, feel-good stories, analysis and moreSign upNot convinced? Find out more » Ashley Smith (left) was jailed for 10 years and his accomplice Jordan Northover is due to be sentenced (Picture: PA)An armed mugger who tried to rob two Arsenal stars of their £200,000 watches has been jailed for 10 years.Ashley Smith, 30, ambushed the players with the help of accomplice Jordan Northover, 26, in Hampstead, northwest London on July 25.The pair were armed with a screwdriver, knives and a knitting needle, but they didn’t count on the bravery of burly Bosnian defender Sead Kolasinac.The footballer, known as ‘The Tank’, jumped out of the passenger seat of Mesut Ozil’s 4X4 and threw punches at the assailants.ADVERTISEMENTHe barely even flinched despite having a sharp knitting needle and knives pointed at him. Jordan Northover is due to be sentenced at a later date (Picture: Enterprise News and Pictures)‘It is clear the two of them hadn’t counted on Mr Kolasinac fighting back and he behaved incredibly bravely with knives pointed in his direction at a time when he knew he was in possession of extremely valuable items which men might use whatever they needed to obtain the watches.’The defender was seen moving around the car to confront the robbers before getting back inside as Ozil sped off.A member of the public spotted the moped left near a park close to Borehamwood and contacted the police, who were able to trace CCTV footage showing the two men walk into a pub.AdvertisementAdvertisementJudge Bourne added: ‘This is a high culpability offence, using weapons to threaten and indeed to cause violence, thrusting the weapon towards Mr Kolasinac who must have been terrified at the events taking place immediately outside his house.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalThe court heard how Smith has 30 convictions dating back to 2008 including burglary, robbery, ABH and theft.Michael Bisgrove, prosecuting, said: ‘The attempt as you will see from the CCTV was quick and violent.‘Both are prolific offenders and they saw this opportunity shortly before 5pm and took it.‘They hadn’t counted in one of the victims fighting back.’Both players escaped without any injuries but the robbery meant they had to miss several matches at the start of the Premier League due to security concerns.Northover, who is being held at HMP Wealstun, West Yorkshire, will be sentenced for attempted armed robbery at a later date.More: UKScotland outlines tier system as millions face new restrictions across UKLondoners ‘should be paid a Universal Basic Income if circuit-breaker comes in’Queen criticised for not wearing face mask in first appearance since lockdown Got a story for Metro.co.uk? Get in touch with our news team by emailing us at firstname.lastname@example.org. For more stories like this, check our news page. Moped mugger who tried to rob Arsenal’s Mesut Ozil jailed for 10 years Advertisement Comment Ashley Smith’s mother sobbed in the gallery as he was jailed (Picture: PA) James HockadayFriday 8 Nov 2019 10:39 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link202Shares Advertisement
AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, Mich –Boy Scout leaders can get back to meeting with their troops as the Michigan Crossroads Council provided scouting units a 5-step process necessary for re-engaging.Scouting will look a little different as newly required procedures have been implemented for all units, registered members and family.The precautionary steps are needed to help mitigate risks and liabilities leaders and others may be exposed to as in-person scouting resumes.According to Scout Master Chris Harsch, he’s glad to reunite with his troop 92 as the virtual meetings have not been effective.While apart, they discussed topics like first aid and honor because it was difficult to focus on skill.Harsh said he misses his troop 92 and is already preparing for future events.Unit leaders who do not comply with the State of Michigan guidelines is accepting liability for their unit, members and program.For full information on the 5 steps before re-engaging you can visit michiganscouting.org.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Health department warns of possible coronavirus exposure at a party in Alpena CountyNext Scams on social media about unemployment benefits