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Exxon Mobil (XOM) is under investigation by New York's top law enforcement officer about whether the global oil and gas giant lied to investors and the public about the risks and financial impact of climate change.New York Attorney General Eric Schneiderman subpoenaed the Irving, Texas-based firm Wednesday night, seeking financial records, statements and other climate-change-related material dating back to 1977, according to a government official with direct knowledge of the matter.
He managed the day-to-day operations of the ring and, along with Rimbaugh, dispatched the three theft crews on missions to various regions of the country and remotely managed their progress.TMZ found Gary’s profile on the First Team real estate website, where he’s listed as an agent based in Yorba Linda, California.This is Gary:" data-reactid="24"As HGTV fans continue to digest all the reported and confirmed details surrounding Tarek and Christina El Moussa’s split, TMZ has added yet another headline into the mix.The Attorney General's investigation alleges that Rimbaugh has been directing theft crews and reselling stolen merchandise for over 20 years.Since 2012 alone, the ring has sold more than million of stolen goods via Amazon and e Bay internet marketplace.The official discussed the issue on condition of anonymity because the subpoena and other details of the investigation remain secret."Exxon Mobil has included information about the business risk of climate change for many years in our 10-K, Corporate Citizenship Report and in other reports to shareholders," the company said in a statement Thursday in response to questions about the subpoena, which was first reported by The company's 10-K annual report for the 2014 fiscal year stated that many countries are considering regulations to reduce greenhouse gas emissions "due to concern over the risk of climate change.""These requirements could make our products more expensive, lengthen project implementation times, and reduce demand for hydrocarbons, as well as shift hydrocarbon demand toward relatively lower-carbon sources such as natural gas" the company warned, adding that new rules "may also increase our compliance costs, such as for monitoring or sequestering emissions."The broad investigation by Schneiderman's office focuses on whether Exxon Mobil made timely and accurate disclosures about how its climate-change research, the impact of long-term environmental shifts and any movement away from usage of fossil fuels could have on the company's financial fortunes.
New York's Martin Act gives the state's attorney general broad authority to investigate suspected financial wrongdoing and how it could affect investors.
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NEW YORK CITY (WROC-TV) - Attorney General Eric Schneiderman announced Wednesday the indictment of 12 alleged members of a massive criminal theft and fencing ring that infiltrated 28 states including New York.
A 41 count indictment charged the 12 alleged co-conspirators with enterprise corruption, money laundering, criminal possession of stolen property, and conspiracy.
If convicted, each of the defendants could face between eight to twenty five years behind bars.
Material sought by the Exxon Mobil subpoena include research reports showing potential causes of climate change and documents detailing how the company made business decisions and financial projections based on environmental projections, according to the official familiar with the matter.