On Wednesday ex- U.S. Congressman William Jefferson was convicted on 11 of 16 counts of bribery, racketeering and money laundering. The former Congress member from Louisiana was accused in 2007 of soliciting millions of dollars in bribes from companies while using his office to broker business deals in Africa. FBI agents found the $90,000 neatly wrapped in foil and stashed in his freezer during a search of his residence.

Probably there is no such a person who has never got his or her computer infected by any virus. Such accidents always resulted in some troubles which sometimes caused in some important and sensitive information loss. However not all the people know that there are some laws and therefore some services that can help you and punish the intruders. In today’s article published by the IBLS.com decided to focus on this issue that should definitely be interesting for our readers. 

Defendants in criminal proceedings are imposed conditions or restrictions when granted supervised release. Now with Internet crimes on the rise, United States (U.S.) courts are imposing the prohibition from accessing the Internet as condition of supervised release. The prohibition from accessing the Internet may be imposed as initial condition or may be added as modification of supervised release conditions.

Apple need Hanwang Technology’s blessing to sell its similarly named iPhone in China. Hanwang Technology (also known as Hanvon) is a maker of devices and Chinese handwriting recognition systems, owner of the trademark "i-phone" for mobile phones in China. Their similar name “iPhone” would make it illegal to sell in China. So, Apple said that it is in talks with carrier China Unicom to offer the iPhone. Apple hopes to start sales in China in the next year.

According to US lawmakers, there is a need to adopt a new financial product safety agency that would make sure consumer products such as mortgages and credit cards are safe and easy to understand. Travis Plunkett, legislative director of the Consumer Federation of America, said: "It has become clear that a major cause of the most calamitous worldwide recession since the Great Depression was the result of the simple failure of federal regulators to stop abusive lending, particularly unsustainable home mortgage lending."

It was reported that the European Commission has found that the legal proceedings of the US authorities against European online gambling companies were unjustified and discriminatory. Moreover it was said that if US agencies do not stop the prosecution and compromise an action they may take the case to the World Trade Organization.  

The Goldman Sachs Group, Inc., a bank holding company that engages in investment banking, securities services and investment management, is agreed to pay US$60-million to settle a Massachusetts investigation into the mortgage securities packaging.As Mass. Attorney General Martha Coakley said at a news conference the bank should pay US$50-million as compensation to homeowners and the rest to the state.

Revenue and Customs is denying tax privileges that go with charity status to Wiki UK Ltd., or Wikimedia UK. Thus UK tax man denies Wikipedia UK charity status. As Wikipedia claims to be "disseminating knowledge", Wiki UK requested the operating company should obtain charitable tax perks. The company is aiming to aid and encourage people to collect, develop and effectively disseminate knowledge and other educational, cultural and historic content in the public domain or under a license that allows everyone to freely use, distribute and modify content. 

According to the report from Associated Press French lawmakers declined to pass the bill that was developed to prevent Internet subscribers from illegal downloading music or films by cutting off their connections. As the edition notes the rejection on the part of the government was unexpected.

E-commerce is one of a few industries that continue to grow and develop despite the current tough economic situation in the world. Progress of e-commerce comes everywhere regardless geographical position, government and the state of economy. Bangladesh is the seventh most populous country in the world and is among the most densely populated countries in the world with a high poverty rate.

A judge postponed a hearing that should be held on Wednesday over a potential conflict of interest involving Ira Sorkin, a lawyer of accused swindler Bernard Madoff, reports Reuters. No new date was set for the hearing and no reasons were given though both U.S. prosecutors and Sorkin consented to it. The hearing was called at the request of U.S. prosecutors over a potential conflict of interest for Sorkin in his representation of two accountants in a 1992 case brought by the U.S. Securities and Exchange Commission.

Many innovations in the history of the mankind often outpaced the general development of the society as long as they were in breach of the commonly accepted standards and principles. It took years before society could treat the new phenomenon as an ordinary part of the everyday life. Even though such things as online shopping, Internet transactions and electronic commerce are an integral part of

In the United States, e-commerce vendors have been exempted from collection of taxes by the Internet moratorium act. Yet, some states are already reaching out to these vendors as source of fiscal revenue. The state of New York, one of the most important e-commerce players, recently modified its tax code and expanded the definition of the word "vendor;" this new definition seems to embrace those selling goods and services over the Internet.

The Asean Free Trade Agreement -AFTA, definitely plays a significant role in the development of e-commerce among ASEAN nations. ASEAN is the Association of Southeast Nations, with 10 member states and an estimated population of 575.5 million. ASEAN members are Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam; this regional economic group presented a GDP of US$ 3,431.2 billion for the year 2007.

[img_assist|nid=10825|title=|desc=|link=none|align=left|width=100|height=71]The Internet has opened up information sharing in unprecedented and ever-expanding ways. This new world is great for creativity and communication, but it's also brought intellectual property rights into question. It's vital that online retailers understand intellectual property law so that they don't find themselves infringing on others' rights and possibly facing lawsuits and fines.