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SPO Networks Inc

In the wake of heavy rainfall, North Korean leader Kim Jong Un has inspected flood-stricken areas near the border with China, according to state media KCNA. The deluge has impacted approximately 5,000 residents in the region.
What Happened: A Reuters report revealed that Kim Jong Un visited the flood-impacted regions of Sinuiju and surrounding areas on Sunday. These regions, situated near the Chinese border, were hit by record rainfall on Saturday, leaving around 5,000 people isolated.
The North Korean military was quick to respond, deploying approximately 10 aircraft to carry out around 20 rescue missions each. Within half a day, they were able to rescue 4,200 people, KCNA reported.
Kim praised the military&#8217;s rescue efforts, stating that they saved 5,000 lives. However, he criticized officials for their lack of preparedness in crisis response measures to mitigate damage from heavy rain, floods, and typhoons.
See Also: <a href="https://www.benzinga.com/news/24/07/39999465/trump-raises-eyebrows-with-controversial-remark-at-florida-event-in-four-years-you-dont-have-to-vote?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Raises Eyebrows With Controversial Remark At Florida Event: &#8216;In Four Years, You Don&#8217;t Have To Vote</a>
The region has been severely affected by heavy rainfall from Tropical Storm Gaemi, which triggered a landslide in southern China, causing 12 fatalities and flash floods in other areas.
Why It Matters: This incident comes as North Korea&#8217;s economy, already battered by COVID-19, <a href="https://www.benzinga.com/government/22/06/27875776/kim-jong-uns-covid-battered-economy-is-now-bracing-up-for-potential-floods">braced for potential floods</a> due to early monsoons, as reported by Benzinga in June 2022. The country&#8217;s food crisis, already at a critical stage, is likely to worsen due to these floods. In January 2024, Kim emphasized the urgent need to address the country&#8217;s food shortages, calling it a &#8220;serious political issue.&#8221;
Despite these challenges, North Korea&#8217;s economy experienced significant growth in 2023, after three consecutive years of contraction. This growth was attributed to <a href="https://www.benzinga.com/news/24/07/39981434/kim-jong-un-steers-north-korea-to-growth-in-2023-after-3-years-of-decline-trade-with-china-russia-ba">increased trade with China</a>, relaxed COVID-19 border controls, and favorable weather conditions.
However, the country&#8217;s relationship with the United States remains tense, with North Korea asserting its <a href="https://www.benzinga.com/news/24/07/39925959/kim-jong-un-rejects-donald-trumps-friendship-claims-north-korea-says-we-do-not-care-expresses-nuclea">nuclear readiness</a> amid rising tension.
Photo by Alexander Khitrov on Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39998398/kamala-harris-admits-i-inhaled-marijuana-and-now-pushes-for-legalization-what-this-means-for-202?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Admits &#8216;I Inhaled&#8217; Marijuana And Now Pushes For Legalization: What This Means For 2024 Elections</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Kim Jong Un Praises His Military For Flood Rescue Efforts, Visits Areas On Chinese Border Battered By Typhoon Gaemi

Kamala Harris&#8216;s presidential campaign has raised a whopping $200 million and added 170,000 new volunteers in the week since she became the Democratic Party&#8217;s candidate.
What Happened: On Sunday last week, President Joe Biden ended his reelection bid and endorsed Harris for the November 5 vote against Republican former President Donald Trump. Harris&#8217;s deputy campaign manager, Rob Flaherty, revealed the fundraising details on social media, reported Reuters.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There's 100 days til Election Day, so here's a fun one: In the week since we got started, <a href="https://twitter.com/KamalaHarris?ref_src=twsrc%5Etfw">@KamalaHarris</a> has raised $200 million dollars. 66% of that is from new donors. We've signed up 170,000 new volunteers. A people-powered campaign for a people-powered presidency!
&mdash; Rob Flaherty (@Rob_Flaherty) <a href="https://twitter.com/Rob_Flaherty/status/1817533449688809937?ref_src=twsrc%5Etfw">July 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Recent polls, including a Reuters/Ipsos one, show Harris and Trump essentially tied, indicating a closely contested campaign with 100 days left until the election. Trump&#8217;s campaign had earlier reported raising $331 million in the second quarter.
See Also: <a href="https://www.benzinga.com/news/24/07/39975168/nikki-haley-says-democrats-are-very-smart-to-put-in-a-younger-candidate-against-trump-but-kamala-har?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nikki Haley Says &#8216;Democrats Are Very Smart To Put In A Younger Candidate&#8217; Against Trump But Kamala Harris</a>
Harris has secured support from a majority of delegates to the Democratic National Convention, making her the likely party&#8217;s nominee for president next month. Biden withdrew from the race amid questions about his age and health, pledging to remain in office as president until his term ends on January 20, 2025.
Harris&#8217;s entry has revitalized a campaign that had faltered amid Democrats&#8217; doubts about Biden&#8217;s chances of defeating Trump. Republican attacks on Harris, the first woman and first Black and South Asian person to serve as U.S. vice president, have intensified since she became the Democrats&#8217; likely presidential nominee.
Why It Matters: Harris&#8217;s campaign has faced legal challenges since Biden&#8217;s withdrawal. The Trump campaign <a href="https://www.benzinga.com/news/24/07/39903457/kamala-harris-presidential-run-to-remain-unbothered-by-gops-legal-shenanigans-say-experts-an-express">filed a complaint</a> with the Federal Election Commission, accusing Harris&#8217;s campaign of improperly acquiring funds from Biden&#8217;s campaign. Despite these allegations, <a href="https://www.benzinga.com/news/24/07/39903457/kamala-harris-presidential-run-to-remain-unbothered-by-gops-legal-shenanigans-say-experts-an-express">legal experts are confident</a> that these lawsuits will not succeed.
Furthermore, Harris has received the <a href="https://www.benzinga.com/news/24/07/39905133/kamala-harris-has-majority-support-from-democrats-to-run-against-trump-in-2024-presidential-race-pola">majority of Democratic delegate support</a>, positioning her as the party's nominee against Trump. This move is seen as an attempt to quell weeks of internal party disputes and unite in the mission to defeat Trump with just over 100 days until Election Day.
Image via Shutterstock
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39999385/donald-trump-issues-grim-warning-to-prime-minister-benjamin-netanyahu-if-he-doesnt-win-election-your?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Issues Grim Warning To Prime Minister Benjamin Netanyahu If He Doesn&#8217;t Win Election: &#8216;You&#8217;re Going To End Up With &#8230; Maybe A Third World War&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Kamala Harris Raises $200M In A Week, 66% Of That Money Is From Donors, Reveals Campaign Manager: 'A People-Powered Campaign'

- <a href="https://www.globenewswire.com/Tracker?data=SxjTJ9GbqAKx2VamE9fThROVzkBSRqkHmTmK8kNmNXqsrnPyRVeoJpKn01OfZx1VSf_YKuCtX58mrY_FtvmxHg==">Longeveron Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>), a clinical stage regenerative medicine biotechnology company developing cellular therapies for life-threatening and chronic aging-related conditions, announced that its positive Phase 2a clinical trial data and biomarker results were featured in two presentations, including a Featured Research Session oral presentation, at the Alzheimer&rsquo;s Association International Conference&reg; (AAIC), taking place July 28 &ndash; August 1, 2024, in Philadelphia and online.
&ldquo;As a medicinal signaling cell therapy that has multiple potential mechanisms of action to address inflammatory responses in the brain, Lomecel-B&trade; offers potential to address the underlying pathology of Alzheimer&rsquo;s Disease without the limitations of previous therapies,&rdquo; said <a href="https://www.globenewswire.com/Tracker?data=mbkW5AdmogKgnA5dwt3EzNTyciWePy-nGiRurR8Oy8VvLkxUulLO0XPNWYIKM6XiYk-l0LlE_AHlpneKQ5qgLm7gUe-hWQAmcRXcuEgKEhdcPxg8-OylakJffZNqj6gu">Wa&rsquo;el Hashad</a>, Chief Executive Officer at Longeveron. &ldquo;We are very encouraged by the safety profile and efficacy evidence that support the differentiated therapeutic potential of Lomecel-B&trade; and lay the foundation for its future clinical development. We&rsquo;re pleased to connect with the Alzheimer&rsquo;s community at AAIC 2024 and contribute to the growing body of evidence that fuels the continued development of novel therapeutics for this devastating disease.&rdquo;

Events

LGVN

Longeveron Announced Study Results from CLEAR MIND Phase 2a Clinical Trial of Lomecel-B In Mild Alzheimer's Disease;  Study Meets Its Key Objectives To Advance Data Supporting Favorable Benefit/Risk Profile

Anavex Life Sciences Corp. (&ldquo;Anavex&rdquo; or the &ldquo;Company&rdquo;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>), a clinical-stage biopharmaceutical company developing differentiated therapeutics for the treatment of neurodegenerative, neurodevelopmental, and neuropsychiatric disorders including Alzheimer&rsquo;s disease, Parkinson&rsquo;s disease, Rett syndrome, schizophrenia, and other central nervous system (CNS) diseases, today presented comprehensive results from the Phase IIb/III study showing that blarcamesine (ANAVEX&reg;2-73), once daily orally, significantly slowed clinical decline in people with early Alzheimer&#39;s disease (AD). The data were presented by Marwan Noel Sabbagh, MD, Professor of Neurology at Barrow Neurological Institute and Chairman of the Scientific Advisory Board at the 2024 Alzheimer&#39;s Association International Conference (AAIC).
Blarcamesine significantly slowed clinical progression by 38.5% and 34.6% at 48 weeks in 50 mg and 30 mg groups vs. placebo, respectively, on the prespecified primary cognitive endpoint ADAS-Cog13. As specified in the March 2024 FDA Guidance for Early AD, a sole cognitive measure can serve as the primary endpoint for early Alzheimer&rsquo;s trials.1 The protocol was designed with ADAS-Cog13 and ADCS-ADL as co-primary endpoints. The functional co-primary endpoint, ADCS-ADL, was trending positive but did not reach significance at Week 48. A possible explanation is that the ADCS-ADL scale is designed for AD with overt dementia and is less sensitive for early AD.2 The prespecified key secondary composite endpoint CDR-SB, also recommended as an alternative primary endpoint for early AD in the new FDA guidance, is significant at both 30 mg and 50 mg at Week 48. The findings are supported by biomarkers from the A/T/N spectrum, including plasma A&beta;42/40-ratio and reduction of brain atrophy. Blarcamesine significantly slowed brain atrophy in key regions of interest, including the whole brain by 37.6%, total grey matter by 63.5%, and lateral ventricles by 25.1%.

AVXL

Anavex Life Sciences Earlier Announced Oral, Once Daily Blarcamesine Significantly Slowed Clinical Decline For Early Alzheimer's Disease Patients; Functional Co-primary Endpoint, ADCS-ADL, Was Trending Positive But Did Not Reach Significance At Week 48

Vital Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTLE#NYSE">VTLE</a>) (&quot;Vital Energy&quot; or the &quot;Company&quot;) today announced the signing of a definitive joint purchase and sale agreement to acquire the assets of Point Energy Partners (&quot;Point&quot;), a Vortus Investments portfolio company. The transaction will significantly increase the Company&rsquo;s operational scale and footprint in the Delaware Basin and add high-value development inventory.
The agreement was signed in partnership with Northern Oil and Gas, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) (&quot;NOG&quot;). Under the terms of the agreement, the two companies will acquire Point Energy&rsquo;s assets in an all-cash transaction for total consideration of $1.1 billion. Vital Energy agreed to acquire 80% of Point&rsquo;s assets, with NOG acquiring the remaining 20%. The transaction is expected to close by the end of the third quarter of 2024 with an effective date of April 1, 2024, subject to customary closing conditions.
Closing price adjustments are expected to total approximately $75 million, reducing total consideration to approximately $1.025 billion. Vital Energy expects to fund its $820 million portion, net of expected purchase price adjustments, through the use of its credit facility, which was recently expanded to $1.5 billion. Wells Fargo, National Association has committed to the increased elected commitment upon closing of the transaction.
Vital Energy plans to host a conference call and webcast at 8:00 a.m. CT on Monday, July 29, 2024. Supplemental slides have been posted to the Company&rsquo;s website.

VTLE

Vital Energy, Northern Oil and Gas To Acquire Point Energy's Delaware Basin Assets for $1,1B In Cash

When you think of <a href="https://www.benzinga.com/money/best-industries-to-invest-in">booming industries</a>, you might jump to tech giants, pharmaceuticals, or renewable energy. But some of America&#8217;s biggest and most surprising moneymakers come from places you might not expect. Here are five unexpected sectors that are thriving and the reasons behind their success.
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<li>America's construction sites are desperate for Robots —<a href="https://www.benzinga.com/money/apis-cor"> here&#8217;s how to invest in a house-printing startup who&#8217;s making them and be a part of a $16 trillion industry</a>.</li>
<li>Don&#8217;t miss the real AI boom &#8211;<a href="https://www.benzinga.com/money/fundrise-innovation-fund"> here&#8217;s how to use just $10 to invest in high growth private tech companies.</a></li>
</ul>
<h2 class="wp-block-heading">Baked Goods: A Tasty $82 Billion Industry</h2>
Yes, you read that right. The humble baked goods industry in the U.S. was worth a staggering $82 billion in 2022. From artisanal bread to decadent pastries, Americans love their baked treats.&nbsp;
This boom is partly because people are increasingly interested in high-quality, freshly baked products. The rise of health-conscious and specialty diets has also contributed, with gluten-free, organic, and vegan options taking a big slice of the market.
See Also: Here&#8217;s the AI-powered startup that turns traders into influencers achieving 12% monthly growth –<a href="https://www.benzinga.com/money/xtrades"> invest in it at only 10 cents per share.</a>
<h2 class="wp-block-heading">Used Luxury Watches: Time Is Money With A $4 Billion Market</h2>
Luxury watches are another booming market. The demand is very high, and supply is relatively low, so the market for used watches is exploding. In 2022, the U.S. luxury watch market, including pre-owned timepieces, was valued at $4 billion, and the global luxury watch market is projected to reach $37 billion by 2032, according to a CNBC report.&nbsp;
This growth can be attributed to the increasing appreciation of watches as investment pieces, despite Jean-Frédéric Dufour, <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38138323/rolex-ceo-does-not-like-treating-luxury-watches-as-stock-investments-this-sends-the-wrong-">the CEO of Rolex, saying</a>, &#8220;I don&#8217;t like it when people compare watches with stocks. This sends the wrong message and is dangerous.&#8221;&nbsp;
Nevertheless, <a href="https://www.benzinga.com/money/how-to-invest-in-watches">collectors and enthusiasts are willing to spend big</a> on rare and vintage models, driving up demand and prices. Brands like Rolex, Patek Philippe, and Audemars Piguet, the Swiss watch industry leaders, witnessed a price surge for pre-owned watches in 2021 and early 2022.
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Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends<a href="https://www.benzinga.com/money/arrived-private-credit-fund"> would you invest in it</a>?
<hr class="wp-block-separator has-alpha-channel-opacity" />
<h2 class="wp-block-heading">Phone Repairs: Keeping Us Connected For $8.3 Billion</h2>
Smartphones are essential. There&#8217;s no getting around that fact. So, it's no surprise that we need them fixed fast when they break. In 2023, Americans spent a whopping $8.3 billion on smartphone repairs. With the high cost of new phones, many people prefer repairing rather than replacing their devices. A growing number of repair shops and services popping up has made it more convenient and affordable to get phones fixed quickly.
The right-to-repair movement has also made a big impact as it pushes for consumers to have easier access to parts and info needed to fix their devices, helping people keep their smartphones working longer. For example, <a href="https://www.benzinga.com/top-stories/24/03/37975666/apple-device-repairs-might-soon-get-cheaper-and-easier-oregons-historic-righ-to-repair-law-to-ban-pa">Oregon recently passed a right-to-repair bill</a> that outlaws the controversial practice of parts pairing in repairs.
<h2 class="wp-block-heading">Hot Sauce: Heating Up A $1.5 Billion Market</h2>
America&#8217;s love affair with hot sauce is hotter than ever. According to Business Insider, the market reached $1.5 billion and is set to surpass $15 billion globally by 2031, according to Transparency Market Research.
From the classic Tabasco to artisanal, small-batch brands, the variety and quality of hot sauces have exploded. The increasing interest in diverse and spicy cuisines and a growing number of hot sauce enthusiasts and collectors have spiced up this market significantly.
While these industries could be seen as surprising by some, or even many, their success shows just how diverse and changing American tastes are. Nevertheless, we all must remember that things can change and that these and many other sectors won&#8217;t keep growing forever. Economic changes, shifting consumer preferences, and new regulations can all affect these booming markets. Like any industry, <a href="https://www.benzinga.com/general/24/04/38254603/warren-buffett-says-the-key-to-success-isnt-having-the-greatest-business-idea-in-the-world-the-test">staying successful will require constant innovation and adaptation</a>.
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<li>Don&#8217;t miss out on the next Nvidia &#8211;<a href="https://www.benzinga.com/money/fundrise-innovation-fund"> you can invest in the future of AI for only $10.</a></li>
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Startups

These Surprising, Billion-Dollar American Industries Will Blow Your Mind. Find Out Which Unexpected Sectors Are Booming And Why

<a href="https://www.benzinga.com/topic/kamala-harris">Kamala Harris&#8217;s</a> infectious laughter has been a topic of discussion in political circles since she assumed office as Joe Biden's VP in January 2021. And now, her laugh has practically gone viral among critics, led by her main competitor <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump,</a> who seems to be making her easy laugh a campaign issue, which he's already exploiting.
"I call her Laughing Kamala. You ever watch her laugh?… She's crazy. She's nuts," the former president said at a recent rally in Michigan.
While Harris's laugh is apparently viewed positively by supporters as the natural expression of her personality, which is usually the case with laughter, the Trump campaign and its friend <a href="https://www.thedailybeast.com/sean-hannity-says-adversaries-like-russia-and-china-will-snub-kamala-because-of-her-laugh">Sean Hannity at Fox News</a> are piling on to undermine her. They are calling her laugh a liability and much much more as they veer into racist and sexist territory.
<h2 class="wp-block-heading">NY Times Comedy Columnist Begs To Differ</h2>
"Far from a liability, her laugh is one of her most effective weapons," <a href="https://www.nytimes.com/2024/07/28/arts/kamala-harris-laugh.html">says</a> New York Times Jason Zinoman who writes a comedy column. "Only in an era when everything gets politicized would a campaign come out aggressively against boisterous laughter."
Harris herself has addressed the origins of her laugh, attributing it to familial traits and personal joy. On more than one occasion, Harris <a href="https://www.benzinga.com/markets/cannabis/24/07/39998398/kamala-harris-admits-i-inhaled-marijuana-and-now-pushes-for-legalization-what-this-means-for-202">has said, while laughing</a>, that cannabis "gives a lot of people joy, and we need more joy in the world." Amen to that.
Read Also: <a href="https://www.benzinga.com/news/24/07/40001853/trump-vs-harris-harris-leading-trump-in-maine-has-edge-with-gen-z-nationally">Trump Vs. Harris: Harris Leading Trump In Maine, Has Edge With Gen Z Nationally</a>
<h2 class="wp-block-heading">Why Is Trump And His Supporters Bothered By Harris's Laugh?</h2>
The Atlantic posits that the Trump campaign was caught off guard by the dizzying speed with which Harris became the 2024 Democratic presidential nominee following <a href="https://www.benzinga.com/markets/cannabis/24/07/39874209/joe-biden-drops-out-what-would-happen-with-cannabis-legalization-under-kamala-harris-or-donald-t">Biden's announcement</a> to leave the race. Due to Harris's ever-increasing support, Trump had to quickly come up with some new snarky attack lines against her. It seems he's going with "Laughing Kamala" or is it "Cackling Kamala"?
<h2 class="wp-block-heading">What Does Genuinely Laughing Say About A Person?</h2>
That he or she is human. "In a divided country, it's something we all do and enjoy. And as anyone who has hung out with friends late into the night knows, it's contagious. That's a powerful political tool," said NYT's Zinoman. "As the poet Ella Wilcox wrote, ‘Laugh and the world laughs with you.'"
Now Read:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39912303/kamala-harris-prospective-vp-picks-all-seem-to-support-cannabis-legalization-5-names-in-the-mix">Kamala Harris&#8217; Prospective VP Picks All Seem To Support Cannabis Legalization: 6 Names In The Mix</a></li>
</ul>
Photo: Shutterstock

Cannabis

Government

Kamala Harris's Hearty Laugh: Why Does It Bother Donald Trump And His Followers So Much?

Provista Health, a Dallas-based hospice provider, <a href="https://www.benzinga.com/government/24/07/39865874/financial-crime-weekly-davita-agrees-to-pay-34-5m-for-kickbacks-hospice-provider-doles-out-19-4m-for">has been ordered</a> to pay $26.3 million for billing Medicare for a variety of medically unnecessary respiratory pathogen panel (RPP) tests that were given to nursing homes during the pandemic, the Department of Justice announced on Thursday.
On July 18, the U.S. District Court for the District of Maryland entered default judgments totaling the aforementioned amount against Provista and other laboratory companies owned by Patrick Britton-Harr for violating the False Claims Act. 
In a July 2023 complaint, the U.S. alleged that the RPP tests were not medically necessary because the beneficiaries had no symptoms of a respiratory illness and because the tests were for uncommon respiratory pathogens.
The complaint also alleged that Britton-Harr and Provista submitted claims for RPP tests that were never ordered by physicians and sometimes for RPP tests that were never performed, including over 300 claims for nasal swab test samples that were supposedly collected from beneficiaries who had already died.
Three Individuals Sentenced To Jail For Selling Pirated Business Telephone Software 
A married couple and a third individual have been sentenced to jail for selling tens of thousands of pirated business telephone system software licenses with a retail value of over $88 million, the DOJ said.
Raymond Bradley "Brad" Pearce, 48, of Tuttle, Oklahoma, a computer system administrator, was sentenced on Thursday to four years in prison and ordered to pay $4 million. In June, Dusti O. Pearce, 46, his wife who also lives in Tuttle, was sentenced to one year and a day in prison and was ordered to pay $4 million. 
Jason M. Hines, 44, of Caldwell, New Jersey, received an 18-month prison sentence and another 18 months of home confinement and was ordered to pay $2 million.
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The trio, who pleaded guilty to conspiracy to commit wire fraud in 2023, will also pay restitution as follows: $17 million for Brad Pearce, $10 million for Dusti Pearce and more than $5 million for Hines. 
The Pearces conspired with Hines to commit wire fraud in a scheme that involved making and selling unauthorized Avaya Direct International (ADI) software licenses used to unlock functionalities of the IP Office telephone system. 
Avaya Holdings Corporation, a California-based international business communications company that sold IP Office, also sold software licenses that unlocked IP Office&#8217;s functions.
Brad Pearce, a customer service employee at Avaya, used his system administrator privileges to generate tens of thousands of ADI software license keys that he illegally sold to Hines and other customers, who in turn sold them to resellers and end users worldwide.
He also hijacked the accounts of former Avaya employees to make more license keys, concealing the overall scheme by changing information on the accounts, while Dusti Pearce served as the illegal operation&#8217;s accountant.
Doctor Faces Years In Prison For Illegally Distributing Controlled Substances, Defrauding Health Care Benefit Programs
A federal jury convicted a Louisiana physician yesterday for conspiring to illegally distribute over 1.8 million doses of Schedule II controlled substances, including oxycodone and morphine, and for defrauding health care benefit programs of more than $5.4 million, the DOJ said on Tuesday.
According to court documents, Adrian Dexter Talbot, 58, owned and operated Medex Clinical Consultants in Slidell, Louisiana, that accepted cash payments for controlled substances.
Talbot ignored signs that individuals frequenting Medex were drug-seeking or abusing the drugs prescribed. 
In 2015, he left pre-signed prescriptions for opioids and other controlled substances at his clinic so that individuals who never saw him could acquire the drugs while he was working a full-time job in Pineville.
In 2016, he hired another practitioner who also pre-signed prescriptions to be distributed in the same manner at the Slidell clinic in exchange for cash deposited into the Medex account.
Talbot falsified patient records to cover up the scheme, in which individuals used insurance benefits to fill prescriptions. This resulted in fraudulent billing to health care benefit programs because prescriptions were written without a proper patient examination or determination of medical necessity.
He faces up to 10 years in prison for conspiracy to commit health care fraud and 20 years in prison for the other counts. 
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Financial Crime Weekly: Hospice Provider Fined $26.3M For False Covid Claims, Trio Sent To Jail For Selling $88M In Pirated Business Telephone Software

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