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US: Chinese National Indicted for Hacking Defense Contractors

A Chinese national accused of stealing trade secrets from US defense contractors was indicted by a federal grand jury in Los Angeles on Aug. 14. The FBI reports that 49-year-old businessman, Su Bin, and his associates hacked computer systems, stealing confidential information regarding military programs and conspiring to distribute it.

US: Business Owners Indicted in Payday Loan Scheme

The Manhattan District Attorney’s office has charged three officials of 12 “payday loan” companies with violating state lending laws by charging excessive interest rates—sometimes more than 300 percent--on people desperate for cash.