Ex-baseball star Lenny Dykstra sentenced in bankruptcy fraud case

LOS ANGELES (Reuters) - Lenny Dykstra, the 1980s World Series hero who pleaded guilty earlier this year to bankruptcy fraud, was sentenced on Monday to six months in federal prison and ordered to perform 500 hours of community service.
The 49-year-old former ballplayer - who is already serving time in state prison for grand theft auto, lewd conduct and assault with a deadly weapon - was also ordered to pay $200,000 in restitution.
In the federal case, Dykstra pleaded guilty in July to bankruptcy fraud and other charges.
According to the written plea agreement, he admitted defrauding his creditors by declaring bankruptcy in 2009, then stealing or destroying furnishings, baseball memorabilia and other property from his $18.5 million mansion.
He also admitted giving false or misleading testimony about the property he removed from the Los Angeles-area home, which he had purchased from hockey great Wayne Gretzky, according to the court documents.
Dykstra, nicknamed "Nails" during his playing days, spent 11 years in the major leagues, mostly as an outfielder for the Mets and Philadelphia Phillies.
He is perhaps best remembered by Mets fans for the 1986 season, when he struck a walk-off game-winning home run in Game 3 of the National League Championship Series.
And in Game 3 of the World Series, he hit a key lead-off home run, sparking a comeback by the Mets from a 2-0 series deficit to win the championship over the Boston Red Sox.
But in recent years Dykstra has become embroiled in a series of criminal cases.
In March of this year, he was sentenced to three years in state prison after pleading no contest to grand theft auto in what Los Angeles County prosecutors said was a scheme to lease cars using phony business and credit information.
And in April, the former athlete was sentenced to 270 days in jail and 36 months probation after pleading no contest to lewd conduct and assault with a deadly weapon.
Those charges stemmed from accusations that Dykstra exposed himself to women who answered his Craigslist ad for an assistant and housekeeper. One of the women told authorities the former athlete held a knife and forced her to massage him.
A no contest plea is the legal equivalent to pleading guilty under California law.

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Giants agree deal to keep playoff hero Scutaro

(Reuters) - National League Championship Series MVP Marco Scutaro has agreed a $20 million three-year deal to stay with the San Francisco Giants, the World Series winners said on Tuesday.
The 37-year-old second baseman was acquired by San Francisco in a mid-season trade with Colorado and he paid great dividends down the stretch as the Giants claimed their second World Series in three years.
Scutaro batted .362 with 44 RBIs in his 61 regular season games with the Giants, then he raised his game when it mattered most during the post-season.
Scutaro is the third free agent retained by San Francisco as they keep their championship core intact.
The team also agreed to contracts with pitcher Jeremy Affeldt and outfielder Angel Pagan.

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Reds land Korean Choo in trade with Indians, D-Backs

(Reuters) - The Cincinnati Reds acquired South Korean outfielder Choo Shin-soo from the Cleveland Indians on Tuesday in a three-team trade that involved nine players.
The 30-year-old Choo, entering the final year of his contract, declined to sign an extension with the Indians and will now give the Reds a potential lead-off hitter who batted .283 with 16 home runs last season.
"He fills the one big void that we had and that was a lead-off hitter and someone with the ability to get on base," Reds General Manager Walt Jocketty told MLB.com.
The Reds also picked up infielder Jason Donald and $3.5 million from Cleveland.
In exchange, the Indians receive outfielder Drew Stubbs and 21-year-old pitching prospect Trevor Bauer from the Reds along with pitchers Matt Albers and Bryan Shaw from the Arizona Diamondbacks.
The Diamondbacks get shortstop Didi Gregorius from Cincinnati along with pitcher Tony Sipp and infielder Lars Anderson from the Indians.

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Star stock analyst Mahaney to lead Internet coverage at RBC

SAN FRANCISCO (Reuters) - Mark Mahaney, a top-rated Internet stock analyst who was fired from Citigroup in October after one of his staffers improperly shared research with a news website, has been hired by RBC Capital Markets.
Mahaney will oversee coverage of the Internet sector for RBC, the firm announced on Monday. RBC did not state which companies Mahaney will cover. He will be based in San Francisco.
Rated the top Internet analyst for the past five consecutive years by Institutional Investor, Mahaney is among the most well-known and respected analysts covering the online industry.
His research notes of companies including Google Inc, Amazon.com Inc and Facebook Inc, were considered must-reads among many investors, who praised his stock picks and his perspective on the fast-moving Web business.
One such report, which was being prepared ahead of the high-profile initial public offering of Facebook last year, led to Mahaney's exit from Citigroup, although Mahaney was only indirectly involved in the incident.
Mahaney failed to supervise a junior analyst who improperly shared Facebook research with the TechCrunch news website, according to a settlement that Citigroup struck with Massachusetts regulators in October.
Citigroup paid a $2 million fine to Massachusetts regulators to settle charges that the bank improperly disclosed research on Facebook ahead of its $16 billion IPO earlier in May. Last year, Reuters reported that Facebook had pre-briefed analysts for its underwriters ahead of its IPO, advising them to reduce their profit and revenue forecasts.
The settlement agreement also outlined an incident in which Mahaney failed to get approval before responding to a journalist's questions about Google - and told a Citigroup compliance staffer that the conversation had not occurred - even after being warned about unauthorized conversations with the media.
RBC said in a statement that Mahaney is "a well-known asset in the investing community and is widely-regarded as one of the most influential research analysts covering the Internet, as confirmed by our extensive due diligence." The firm declined to comment further.

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Lawyers in Ohio football rape case want trial moved

(Reuters) - Attorneys for two Ohio teenage football players accused of raping a 16-year-old student have asked that the trial be moved because potential witnesses are afraid to come forward in defense of the boys, one of the lawyers said on Monday.
Walter Madison, the attorney for one of the accused rapists, Ma'lik Richmon, said social media efforts to bring the alleged rape into the national spotlight have led to an atmosphere of intimidation and coercion.
"This has a chilling effect on witnesses who could come forward to be part of this process so my client can get a fair and full proceeding," he told Reuters. "So, we're left without the opportunity to make our case. That's pretty serious."
Richmond and Trenton Mays, both 16 and members of the Steubenville High School football team, are charged with raping a 16-year-old fellow student at a party last August.
The two students are set to be tried as juveniles in February in Steubenville, a city of 19,000 about 40 miles west of Pittsburgh.
Madison said his client's mother has had to change her cell phone number multiple times due to threats and harassment.
Last week, the online activist group Anonymous made public a picture allegedly of the rape victim, being carried by her wrists and ankles by two young men, and of a video that showed several other young men joking about an alleged assault.
Madison said that Richmond is not seen in the video.
A county sheriff under fire for how he has handled the high school rape investigation faced down a crowd of protestors on Saturday and said no new charges will be brought against anyone involved in the case.
Activists say there had been a cover-up by local officials to protect the integrity of the high school's football program.
Meanwhile, a petition to the White House calling for the two rape suspects to be tried as adults reached 25,000 signatures Monday, the threshold required to receive a response from the Obama Administration.
Moving the case to the adult court system would allow for a jury trial and a more severe penalty, the petition says.
"This is a serious offense and this needs to be an example for everyone that this type of behavior should not, and will not be tolerated in our society," it says.
The petition, created December 25, more than doubled its number of supporters overnight. It had 11,000 signatures on Sunday.
It was submitted to the White House through its online petition website, We The People. Now that it has the required 25,000 signatures, the Obama Administration will give an official statement at some point in the future. The petition has no legal impact.

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Audit of Canada native band casts cloud on protest movement

OTTAWA (Reuters) - A Canadian native band that successfully pressured the prime minister to hold a special meeting on aboriginal grievances cannot account for millions of dollars in federal funding, according to an audit that critics say was leaked to discredit a growing protest movement.
Angry native activists, fed up with poor living conditions they blame on decades of neglect from Ottawa, have blockaded rail lines and threatened to close Canada's borders with the United States in a campaign they call Idle No More.
Attawapiskat Chief Theresa Spence has been on a hunger strike for almost a month near Parliament Hill in Ottawa to demand better treatment for natives.
But the August 2012 report from accounting firm Deloitte said Spence's Attawapiskat First Nation in northern Ontario had shown "no evidence of due diligence" in accounting for how it spent federal money intended to improve housing and health. The audit was leaked to some media organizations over the weekend, and released on Monday.
A spokesman for Spence said she would address the audit on Friday when she and other aboriginal leaders will discuss social and economic issues with Conservative Prime Minister Stephen Harper. The leak was designed to discredit Spence, he added.
"They're trying to undermine the process here, the movement of the people. The people are speaking out," Danny Metatawabin told reporters.
Successive Canadian governments have for decades struggled to improve the life of natives, who want more federal money and a greater say over what happens to resources on their land.
Ottawa spends around C$11 billion ($11.1 billion) a year on an aboriginal population of 1.2 million, yet living conditions for many are poor, particularly for those on reserves with high rates of poverty, addiction, joblessness and suicide.
Critics say bands do not have to show enough evidence of how they spend the money they receive, and some groups insist on living in remote regions with few jobs or prospects.
Deloitte, which surveyed the Attawapiskat First Nation's expenditures from April 1, 2005 to Nov 30, 2011, said a probe of 505 transactions showed 81 percent of files did not have adequate supporting documents and more than 60 percent did not document the reason for payment. The band received C$109 million in federal funding over the period.
"We were unable to determine if the funds were spent for their intended purpose. There is no evidence of due diligence in the use of public funds," Deloitte said in a letter to Spence, recommending better financial controls.
"The independent audit ... speaks for itself, and we accept its conclusions and recommendations," said Jan O'Driscoll, a spokesman for federal Aboriginal Affairs Minister John Duncan.
Ontario Finance Minister Dwight Duncan, a Liberal, accused the federal government of trying to discredit aboriginal leaders. "Tough love the rallying cry of the cowards who 'leak' these 'audits'. Too much tough, not enough love, for our aboriginal brothers and sisters," he said on Twitter.
As part of the Idle No More campaign, protesters blocked a Canadian National Railway Co line in Sarnia, Ontario, in late December and early January. CN went to court to obtain an injunction on December 21, but local police did not enforce it until January 2.
The judge in the case, Justice David Brown, expressed his frustration at the failure of the police to act, saying "local police agencies cannot ignore judicial orders under the guise of contemplating how best to use their tactical discretion."
Brown granted CN another injunction on January 5 to clear a separate group of protesters blocking the main rail line from Toronto to Montreal.
Sarnia police were not immediately available for comment. A CN spokesman declined to say how much money the blockades had cost the company.
($1=$0.99 Canadian)

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US pending home sales jump to nearly a 6-year high

WASHINGTON (AP) — An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made home buying more attractive.
The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index rose 5.2 percent to 104.8 in October. Excluding a few months when the index spiked because of a homebuyer tax credit, that is the highest level since March 2007.
The increase points to healthy sales increases of previously occupied homes in the months ahead. There's generally a one- to two-month lag between a signed contract and a completed sale.
The rise in sales adds to evidence of a steady housing recovery. Builders are more confident in sales and are starting construction on more homes. Home prices are rising on a consistent basis, which encourages more potential buyers to come off the sidelines and purchase homes. And more people may put their homes on the market if they gain confidence that they can sell at a good price.
The report is "another indicator suggesting that the recovery in housing has broadened and has sustained momentum," Michael Gapen, an economist at Barclays Capital, said in a note to clients.
Signed contracts jumped 15.6 percent in the Midwest and rose 5.5 percent in the South. But they fell 1.1 percent in the West and dipped 0.1 percent in the Northeast.
Superstorm Sandy lowered pending sales in the Northeast, the Realtors' group said. The West was hurt by low inventories of available homes.
Mortgage rates remained near record lows this week. The average rate on the 30-year loan was 3.32 percent, mortgage buyer Freddie Mac said, just above 3.31 percent last week, which was the lowest on records dating to 1971.
A big reason for the rebound in housing is that the excess supply of homes that built up before the housing crisis has finally thinned out. The number of previously occupied homes available for sale has fallen to a 10-year low. The inventory of new homes is also near the lowest level since 1963.
At the same time, more people are looking to buy or rent a home after living with relatives or friends during and immediately after the Great Recession.
Those trends are also pushing up home sales and construction. Sales of previously occupied homes are near five-year highs, excluding temporary spikes in 2009 and 2010 when a homebuyer tax credit boosted purchases.
Builders, meanwhile, are more optimistic that the recovery will endure. A measure of their confidence rose to the highest level in six and a half years this month. And builders broke ground on new homes and apartments at the fastest pace in more than four years last month.

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