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Computers

Computer Consultant Allegedly Siphoned $1M From Utah Bank


When consultant jobs are few and far between, you have to make the most out of the ones you can get. Take, for instance, Zeldon Morris. When the Family First Credit Union in Orem, Utah hired the Provo man to fix some bugs in a recent computer upgrade, Morris decided to take some liberties with a few of the accounts, according to Provo's Daily Herald.

According to recently submitted court documents, Morris made false deposits via several electronic transfers into his personal and business accounts from June of 2008 to January of 2009 -- all to the tune of over $1 million. He allegedly used the money to remodel his home, pay off his two car notes, and cover a few mortgage payments. (At least he's propping up Sallie Mae!)

All of this came to the attention of the credit union last month when Morris' business partner, Eunyong Lee, blew the whistle after seeing some suspicious transactions and suspecting that they were related to fraud. Many technology business analysts have been predicting that, as the recession gets worse, more IT professionals will turn to fraud as a means of making money. Court documents say that Family First Credit Union would not have discovered Mr. Morris' scheme if it had not been for Mr. Lee. With that in mind, who knows what other scams we'll hear about long after they've been committed?

Morris was arrested last Wednesday, and arraigned the following day, entering a plea of not guilty. The alleged swindler has been charged with one count of bank fraud. [From: Daily Herald]

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Morning Xtra: Goldman Sachs, Korea Try to Shut Bloggers Up



Famous Korean Blogger Faces Prison Time
Democracy takes a low blow as South Korean financial blogger Park Dae-sung (known online as "Minerva") faces 18 months in prison after being falsely critical about the Korean government. Famous for predicting the fall of Lehman Brothers and the resulting global economic crisis, the blogger was arrested after publishing an incorrect story that prosecutors claim undermined the credibility of the government, according to the AP. [From: Wired]

Want an Unlocked iPhone? Bring Your Wallet
Online outlet Buy.com announced it has begun selling unlocked iPhones. If you're a heavy traveler and like to swap SIM cards, or if you just can't stand AT&T (the unlocked phone will work on T-Mobile, although data speeds will be slower on the EDGE network), then bust out the wallet; an unlocked device will set you back a whopping $800. With that dough, you could buy an Asus Eee PC 901 netbook and an iPod Touch and still have $300 left over. [From: Business Insider]

Goldman Sachs to Blogger: Shut Up
Financial giant Goldman Sachs has too much on its hands right now to be dealing with pesky bloggers, or so it would seem to us, anyway. The company recently sent a cease-and-desist letter to Florida blogger Mike Morgan, whose critical blog GoldmanSachs666.com apparently infringes on Goldman Sachs' trademark and "creates confusion in the marketplace," at least according to the company's letter. Yeah, right. Nice try, Goldman, but bloggers have rights too. Thank you, First Amendment. [From: Fox News]

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Computers, Google, Web

Half of Microsoft Staff Uses Google Rather Than Live Search



About half of Microsoft's full-time stateside employees use Google search instead of Microsoft's own Live Search, reports CNET. Although that seems like a laughable percentage, it's actually a vast improvement from a year earlier, when about 80-percent of employees used Google exclusively. According to Microsoft senior vice president Yusuf Mehdi, the software giant is still struggling to get employees, let alone consumers, to take wholeheartedly to its Live Search. Google dwarfs the search market with close to a 65-percent market share. Yahoo comes in second with 15.8-percent and Microsoft Live Search trails in third with a little over 10-percent.

But Microsoft has been internally testing the next version of its search, codenamed Kumo, and is set to unfold a major $100 million public relations offensive to support its mid-year launch of the revamped search engine. Mehdi hopes that, once Kumo launches, Microsoft will be able to gain ground against Yahoo. It also helps that Microsoft has inked deals with Lenovo and Dell to make its search engine the default for the companies' factory-shipped PCs.

It always helps to have a monopoly behind your faltering technology. [From: CNET Via: PaidContent]

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