Son of Longtime Madoff Employee Pleads Guilty in Probe

 NEW YORK—The son of a longtime trader for Bernard Madoff is expected to plead guilty to conspiracy and other criminal charges next week in the government's probe into the massive fraud, prosecutors said in a letter filed late Friday.

Craig Kugel, the son of David L. Kugel, a former supervisory trader in Madoff's proprietary-trading operation, is expected to plead guilty to five charges at a hearing Tuesday, including conspiracy to obstruct or impede an Internal Revenue Service investigation, making false statements in relation to documents required by Employment Retirement Income Security Act and filing false tax returns.

His father, who worked for Mr. Madoff's firm for nearly 40 years, pleaded guilty to fraud and other charges in November 2011 and agreed to cooperate in the government's investigation.

Craig Kugel is expected to plead guilty at a hearing in Manhattan federal court on June 5 as part of a cooperation agreement with the government, prosecutors said in a letter to U.S. District Judge Laura Taylor Swain.

"The crimes he stands accused of are unrelated to [the Madoff] scheme," said Barry W. Agulnick, Craig Kugel's lawyer.

Craig Kugel, who at one point helped with the budget and overseeing benefits for employees of the Madoff firm, would be the sixth person to admit guilt beyond Mr. Madoff. The decades-long Ponzi scheme came to light in December 2008.

In a lawsuit filed in 2010, Irving Picard, the trustee seeking to recover funds on behalf of Mr. Madoff's victims, alleged that Craig Kugel began working with the Madoff firm when he graduated from the University of Michigan in 1996, focusing largely on administrative matters.

Mr. Kugel, the seventh person including Mr. Madoff to plead guilty to criminal charges, has been cooperating with the government since last year, prosecutors said Tuesday.

He admitted Tuesday to filing false forms for individuals who were on the Madoff payroll, but didn’t actually work there. He also admitted to not claiming, as income, personal expenses he charged to a corporate credit card.

Prosecutors have alleged those expenses including more than $200,000 in charges, including luxury clothing, jewelry and vacations for Mr. Kugel and his family.

His father, David L. Kugel, a former supervisory trader in Madoff’s proprietary trading operation, pleaded guilty to fraud and other charges last November. David Kugel, who worked for Mr. Madoff’s firm for nearly 40 years, also is cooperating in the prob.

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Qantas Faces Price War as Losses Widen

 That's a harsh reaction because management's profit "update" simply confirmed what we all knew: the international arm is a basket case and the domestic arm is a duopoly jewel.

Qantas this year expects to make a mere $50 million-$100m pre-tax underlying pre-tax profit. Given the airline made $202m in the first half, this means the second half is redder than its famed livery.

Analysts had expected an average $207m after tax. But the estimates varied from a $64m reported loss (Deutsche Bank) to a $306m pre-tax profit (Morgan Stanley).

With more moving parts to Qantas than a Pratt & Whitney turbofan, the divergence is understandable.

With the Qantas domestic and Jetstar both flying high -- they'll deliver EBIT of more than $600m -- it's easy to see why management has opted to spin out the gangrenous international arm, which will drop a lazy $450m.

“Domestic is really the bigger concern,” Peter Harbison, executive chairman of CAPA Centre for Aviation, said by phone from Sydney. “The question becomes, who is prepared to lose the most blood?”

Qantas plans to add 25,800 seats a week between the nation’s biggest cities, as Virgin (VAH) Australia rolls out business- class services to lure corporate fliers and budget carrier Tiger Air ramps up flights for leisure travelers. The competition may have already caused Sydney-based Qantas’s domestic yields, a measure of fares, to fall for the first time in 15 months in April, Macquarie Group Ltd. said in a May 31 note.

“When supply and demand is unbalanced you do see this impact on yield,” Qantas Chief Financial Officer Gareth Evans said on a conference call yesterday. An index of restricted economy fares on Australian domestic routes fell to its lowest- ever level in February.
Etihad-Virgin

Virgin Australia also yesterday won renewed support for its push to challenge Qantas as Etihad Airways PJSC announced that it had accumulated a 4 percent stake. The Abu Dhabi-based carrier said it may eventually increase this to 10 percent. The deal cements a partnership that helps Virgin extend its marketing and sales reach overseas.

Tiger Air is challenging Qantas’s budget arm Jetstar by opening a second Australian base in Sydney next month. The carrier is rebuilding operations in the country after halting services for six weeks last year and then cutting its timetable following safety violations.

Qantas plunged yesterday, wiping out about $600 million of market value, after saying underlying profit may slump to as little as A$50 million this fiscal year. That’s a drop of as much as 91 percent. The carrier attributed the decline to the international unit and fuel costs rising about A$700 million to a record A$4.4 billion.

The airline closed at A$1.16. Virgin, backed by billionaire Richard Branson, rose 2.4 percent to 42 Australian cents. Jet fuel has averaged $127.50 a barrel in Singapore trading since June 30, 19 percent higher than a year earlier. Prices have fallen about 18 percent over the last two months.

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'Breaking Dawn - Part 1' Wins Best Movie 2012 At Movie Awards

 Even though the 2012 MTV Movie Awards went down Sunday, we're still celebrating the action-packed party and all the big winners, which, unsurprisingly, included "Twilight" and its stars.

Thanks to the award love for "Breaking Dawn - Part 1," MTV News was lucky to have several encounters with the associated stars, producers and fans, from which we gleaned a few excellent teasers to keep our interest in "Breaking Dawn - Part 2" decidedly piqued. As such, this week's "Twilight" Tuesday is dedicated to the best bits of teasery about the final film.

Stars Kristen Stewart, Taylor Lautner, Nikki Reed, Jackson Rathbone and producer Wyck Godfrey took the stage to accept the award from presenter and Stewart's "Panic Room" co-star, Jodie Foster.

"Thank you so much, you guys, I know I always say the same thing," Stewart said. "I've been promoting 'Snow White,' and I get asked a lot of questions, especially about 'Twilight,' which I love. The most common is, like, 'God, you must be so happy to get away from it. You must be so happy to distance yourself from it as far away as you possibly can.' And I'm like, 'Shut up! What are you talking about?' I know we've been here for a while, so really, thank you very much."

"We really have so many people to thank, not only for this award but for the past few years," Lautner chimed in. "But first and foremost, we have to thank you guys. I want to thank the whole entire cast and crew for their hard work and passion on this. Our producers, Wyck Godfrey and Karen Rosenfelt. Our incredible director Bill Condon, all of Summit Entertainment. And I forgot a big one, the creator of this thing, producer and author Stephenie Meyer. I'm so excited for you guys to see the last and final part of 'The Twilight Saga: Breaking Dawn - Part 2' in theaters November 16."

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Jon Favreau

Jonathan Kolia "Jon" Favreau, born October 19, 1966 is an American actor, director, screenwriter, voice artist, and comedian. As an actor, he is best known for his roles in Rudy, Swingers (which he also wrote), Very Bad Things, and The Break-Up. His notable directorial efforts include Elf, Iron Man, its sequel, and Cowboys & Aliens. His most prominent television role was that of Pete Becker, Monica Geller's boyfriend during season three of the television sitcom Friends.

While in Chicago, Favreau landed his first film role alongside Sean Astin as the pudgy tutor D-Bob in the classic sleeper hit Rudy (1993). Favreau met Vince Vaughn – who played a small role in this film – during shooting. The next year, he appeared in the college film PCU alongside Jeremy Piven, and also stepped into the world of television in the 1994 episode of Seinfeld titled "The Fire" as Eric the Clown. He then moved to Los Angeles, where he made his breakthrough in 1996 as an actor-screenwriter with the film Swingers, which was Vaughn's breakthrough role as the glib and extremely confident Trent Walker, a perfect foil to Favreau's heartbroken Mike Peters. In 1997, he appeared on the popular TV sitcom Friends, portraying Pete Becker, whom Monica Geller dates for several episodes, and who competes in the Ultimate Fighting Championship (UFC).

He rejoined Piven in 1998 as part of Very Bad Things (1998). In 1999, he starred in the TV movie Rocky Marciano, based on the life of the only undefeated world heavyweight champion. He later appeared in Love & Sex (2000), co-starring Famke Janssen. Favreau appeared in 2000's The Replacements as maniacal linebacker Daniel Bateman, and that same year he played himself in The Sopranos episode "D-Girl", as a Hollywood director who feigns interest in developing mob associate Christopher Moltisanti's screenplay in order to collect material for his own screenplay.

Favreau also has a TV series called Dinner for Five which airs on the cable TV channel IFC. On April 28, 2006, it was announced that Favreau was signed to direct the long awaited Iron Man movie. Released on May 2, 2008, the film was a huge critical and commercial success, solidifying Favreau's reputation as a director. Favreau was the third director attached to John Carter of Mars, the film adaptation of Edgar Rice Burroughs' swashbuckling space hero. Robert Rodriguez and Kerry Conran were previously attached within the last two years. Mark Protosevich and Ehren Kruger have both written drafts. The Marshal in Revelation has been in development since Swingers was released. It's a western about a Hasidic gunslinger. At one time both Favreau and Vince Vaughn were to co-direct. Neanderthals is a CG animated film that Favreau will write and produce. Johnny Zero will cover the birth of the hot rod movement following World War II. Favreau will write and direct. Iron Man was the first Marvel-produced movie under their alliance with Paramount, and Favreau served as the director and an executive producer. He recently told MTV that he would like to be at the helm of an Avengers film. During early scenes in Iron Man Favreau appears as Tony Stark's loyal friend, and driver, Happy Hogan. He also wrote a mini-series for Marvel Knights titled Iron Man: Viva Las Vegas, that started in September 2008, and directed the sequel Iron Man 2.

Favreau co-starred in 2009's Couples Retreat, a comedy chronicling four couples who partake in therapy sessions at a tropical island resort, which he also wrote. The film saw him reunited with co-star Vince Vaughn, and Kristin Davis played his wife.

He voices the character Pre Vizsla in the episodes of the animated series Star Wars: The Clone Wars.[citation needed]

Favreau said in December 2010 that he would not direct Iron Man 3, opting to direct Magic Kingdom instead, though he will co-produce the film. He also remained an executive producer of director Joss Whedon's The Avengers.

In July 2011, Favreau was featured in a YouTube video by visual effects artist Freddie Wong (known on YouTube as the popular channel, "freddiew"), which was a spoof of his upcoming summer blockbuster, Cowboys & Aliens. He lent the gauntlet prop to Wong to use it in the short.
Personal life

Favreau married Joya Tillem on November 24, 2000. The couple have three children: a son, Max, born July 25, 2001, and two daughters, Madeleine, born April 2003, and Brighton Rose, born August 2006. Joya Tillem is a physician and is the niece of lawyer/talk show host Len Tillem.

Favreau is a very close friend of actor Vince Vaughn and the two have collaborated on several movies.

Favreau credits Dungeons & Dragons with giving him "...a really strong background in imagination, storytelling, understanding how to create tone and a sense of balance.

Jon Favreau is Frontrunner for Big Screen Jersey Boys, Police Academy Retools

 Though Jon Favreau is around the set of Iron Man 3 these days to reprise his small role as Tony Stark's assistant Happy Hogan, so far as we've known his real job is prepping Magic Kingdom, the new film that takes the entire Disney theme park and turns it into a family adventure movie. Of course, it's been a year since we heard much of anything about Magic Kingdom, and now we may have evidence that Favreau is stepping away from it for a little while. Variety reports that the director is the frontrunner to handle Jersey Boys, an adaptation of the hit Broadway musical that Graham King is making through his GK Films.

Favreau was born in New York, which gives him ties to both Broadway and nearby Jersey, but otherwise he's a pretty baffling choice for the job-- he was barely born when The Four Seasons, the subjects of the play, were topping the music charts, and he's never directed anything close to a musical in his career. Variety doesn't have any more information about why GK Films wants him on board, or crucially, how he might fit the project in alongside Magic Kingdom-- they don't mention that Disney project at all, which could honestly mean it's dead. Jersey Boys, in the meantime, hired screenwriter John Logan to write it earlier this year, indicating King could be ready to move fast with it and get the stor yof the Four Season on the big screen very soon .

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Google: More Domain Names Can Expand Service

Google submitted applications for more than 50 top level domain names (TLDs) for .google, .docs, .youtube, and .lol to the Internet Corporation for Assigned Names and Numbers (ICANN). The goal to expand the Web's suffixes could allow the company to offer a variety of new services related to emerging technologies, such as Project Glass, and original programming on YouTube. 


For instance, FremantleMedia said it would add the YouTube channel "The Pet Collective,” featuring new series and programming. The channel, part of YouTube new original programming rollout, will bring seven original programs to YouTube hosted by Khloe Kardashian, Bindi and Robert Irwin and David Lehre among others. The shows will offer pet training tips, pet entertainment and programs designed to inspire responsible pet purchasing and ownership.


ICANN closed the application process for new domain names Wednesday. It plans to list the name applications on June 13, days after Google, Microsoft, Facebook and others plan to make the transition from Internet Protocol version 4 to IPv6 on June 6. The change will provide available IP addresses for the growing number of Internet-connected devices.


Kleiner Perkins partner Mary Meeker's stats that point to 2.3 billion global Internet users in 2011 -- up 8%, driven by emerging markets like mobile traffic, which continues to grow.

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Internet domain name project relaunches

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Cats.com, Hipsters.com, Haggler.com and Teaching.com Featured in New Domain Auction

Domain names were selected for this online auction due to their strong keyword search value and ability to propel companies to the top of their respective search categories. Premium domains are valued for their ability to increase site traffic, create instant brandability, and increase revenue derived from search visibility.


A partial list of domain names are listed here:


Cats.com
Hipsters.com
ZipDrive.com
Teaching.com
Telecasts.com
Haggler.com
PostDoctoral.com
Throat.com
PhonePlan.com
HealthyMeals.com
Paranormal.com
Proprietary.com
SportsCamps.com
Hikers.com
Dairies.com
Projected.com
SecureBanking.com

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