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The Securities and Exchange Commission today charged a Silicon Valley man who raised millions for two Internet start-ups by falsely promising investors that his companies were on the verge of undergoing successful initial public offerings and were well on their way to becoming the “next Google.”

The State Department’s Bureau of International Narcotics and Law Enforcement Affairs (INL) announced a $13 million grant to the University of Washington (UW) Law School’s Asian Law Center to continue an innovative legal education program for Afghanistan. The Legal Educators Support Program - Afghanistan (LESPA), administered through the University of Washington Law School, provides graduate education opportunities to Afghan law deans, professors, and other professionals who will return to Afghanistan to continue as legal educators in universities.

Washington, DC - The Securities and Exchange Commission announced that it has obtained a court-ordered freeze of the assets of six Chinese citizens and one British Virgin Islands entity charged with insider trading in Zhongpin Inc., a China-based pork processor whose shares trade in the U.S.

Washington, DC - The Securities and Exchange Commission announced Tuesday that its senior staff met last week with counterparts at the Ontario Securities Commission (OSC) to discuss ways to further strengthen cooperation regarding their supervision of financial firms.

The Federal Trade Commission has taken action against a payday lending operation that allegedly piled on undisclosed and inflated fees, and collected on loans illegally by threatening borrowers with arrest and lawsuits. The FTC has asked a federal court to stop the allegedly illegal business tactics while the agency pursues its case against the defendants.