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Friday, June 19, 2015
Wednesday, June 17, 2015
Uber Drivers are Employees not Independent Contractors! - Stopuber
Uber Drivers are Employees not Independent Contractors! - Stopuber: "Classifying drivers as employees would be costly for Uber, which relies heavily on contractors. In California, for example, the company would have to reimburse employees for gas, tolls and insurance and would also be on the hook for unemployment insurance, workers’ compensation, Social Security and other benefits.
Uber classifies its drivers as contractors, and requires them to pay expenses from their own pockets. Unlike taxi or limousine services, Uber doesn’t directly employ drivers, nor does it own or maintain the vehicles used by the drivers.
Earlier this month, Uber lost a bid to force arbitration in a federal lawsuit brought in San Francisco by its drivers. Earlier this year, the same court rejected Uber’s bid to deem its drivers independent contractors, saying a jury would rule on their status.
In Florida, a state agency ruled earlier this year that Uber drivers are employees. Uber wake up! The drivers are the backbone of your 50 Billion operation and you should start treating them as employees and not as scabs!"
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Uber classifies its drivers as contractors, and requires them to pay expenses from their own pockets. Unlike taxi or limousine services, Uber doesn’t directly employ drivers, nor does it own or maintain the vehicles used by the drivers.
Earlier this month, Uber lost a bid to force arbitration in a federal lawsuit brought in San Francisco by its drivers. Earlier this year, the same court rejected Uber’s bid to deem its drivers independent contractors, saying a jury would rule on their status.
In Florida, a state agency ruled earlier this year that Uber drivers are employees. Uber wake up! The drivers are the backbone of your 50 Billion operation and you should start treating them as employees and not as scabs!"
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California labor commission rules Uber drivers are employees - Business Insider
California labor commission rules Uber drivers are employees - Business Insider: "By the way, this ruling isn't just a huge deal for Uber and Lyft. There have been a lot of "Uber for X" startups to follow in their wake: $1 billion startup Instacart, for example, has contract workers deliver groceries; $250 million startup Shyp has regular people mail things for customers. If these companies, which are referred to as the 1099 economy, can no longer have independent contract workers, all of their business models are shot.
And if their business models are shot, that's pretty bad news for investors who have been pouring unprecedented amounts of money into private companies over the past few years.
Their investments have allowed startups to stay private longer and avoid going public or getting acquired. That means venture capitalists and startup employees haven't had much chance to gain liquidity.
So while Uber is a $50 billion company on paper and investors currently look like gods who will get crazy returns someday, many actually haven't actually gotten much cash back yet. This concept — pouring lots of money into companies without seeing a cash return — is called a "dry bubble." And as Uber board member Bill Gurly recently tweeted:
"Wet bubbles (1999) are more fun than dry ones (2015)."
Here's a copy of the Uber ruling, from June 16. Driverless cars are probably starting to look pretty good to Uber right about now.
Uber California ruling"
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And if their business models are shot, that's pretty bad news for investors who have been pouring unprecedented amounts of money into private companies over the past few years.
Their investments have allowed startups to stay private longer and avoid going public or getting acquired. That means venture capitalists and startup employees haven't had much chance to gain liquidity.
So while Uber is a $50 billion company on paper and investors currently look like gods who will get crazy returns someday, many actually haven't actually gotten much cash back yet. This concept — pouring lots of money into companies without seeing a cash return — is called a "dry bubble." And as Uber board member Bill Gurly recently tweeted:
"Wet bubbles (1999) are more fun than dry ones (2015)."
Here's a copy of the Uber ruling, from June 16. Driverless cars are probably starting to look pretty good to Uber right about now.
Uber California ruling"
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Friday, May 22, 2015
The Crime Of Selling Your New Car « Palisades Hudson Financial Group
The Crime Of Selling Your New Car « Palisades Hudson Financial Group: "Exporters are fighting back against prosecutors’ efforts to seize vehicles and bring lawsuits in what is, they argue, essentially a civil dispute. Michael Downs, of Fort Lauderdale, Fla., has proactively filed a lawsuit in federal court, attempting to secure a declaratory judgment that his business is legal. Downs told The Times that his company complies with all state and federal laws, though New York prosecutors have sought to freeze a company bank account and seize cars.
Ely Goldin, an attorney representing a couple who have also run afoul of federal prosecutors’ efforts to stop this practice, told The Wall Street Journal that the government should not make a criminal case out of a civil dispute between car dealerships and their customers. “Why should a buyer of a car be prohibited from exporting a car after he paid top dollar for it?” Goldin asked.
The question is a good one, and the government has yet to provide a satisfactory answer. And as China’s used car market continues to grow, the large gap between the cost of a new luxury car in the U.S. and a pre-owned car’s resale value in China will continue to attract the attention of entrepreneurs willing to expend the time and effort to pursue the venture.
Automakers have rules forbidding dealerships from willingly selling cars to known exporters. Those rules should make this business a struggle between auto manufacturers and resellers – a dispute in which federal prosecutors have no clear place. But until someone like Downs can get a judicial opinion, the threat of criminal prosecution will continue to dominate what should be a matter for, if anything, private litigation.
People looking to make a buck, absent any fraud, is just capitalism. Federal prosecutors should have better things to do than serving as the muscle behind car makers and their dealers."
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Ely Goldin, an attorney representing a couple who have also run afoul of federal prosecutors’ efforts to stop this practice, told The Wall Street Journal that the government should not make a criminal case out of a civil dispute between car dealerships and their customers. “Why should a buyer of a car be prohibited from exporting a car after he paid top dollar for it?” Goldin asked.
The question is a good one, and the government has yet to provide a satisfactory answer. And as China’s used car market continues to grow, the large gap between the cost of a new luxury car in the U.S. and a pre-owned car’s resale value in China will continue to attract the attention of entrepreneurs willing to expend the time and effort to pursue the venture.
Automakers have rules forbidding dealerships from willingly selling cars to known exporters. Those rules should make this business a struggle between auto manufacturers and resellers – a dispute in which federal prosecutors have no clear place. But until someone like Downs can get a judicial opinion, the threat of criminal prosecution will continue to dominate what should be a matter for, if anything, private litigation.
People looking to make a buck, absent any fraud, is just capitalism. Federal prosecutors should have better things to do than serving as the muscle behind car makers and their dealers."
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U.S. Targets Buyers of China-Bound Luxury Cars - NYTimes.com
U.S. Targets Buyers of China-Bound Luxury Cars - NYTimes.com: "Scott Winowitz, one of the people in North Carolina who bought a car for Mr. Downs, said he was surprised when several agents from the Secret Service showed up at his home on Sept. 14 to seize the Mercedes he had just bought for $66,537, because he did not think he was doing anything wrong.
“They were telling me you can get arrested and go to jail. I was practically having a panic attack,” he said. “I didn’t know that any of that stuff was illegal. People do exporting and importing every single day.”
Mr. Downs’s company became further ensnared in the federal crackdown in November, when prosecutors in New York sought to freeze $2.38 million in a bank account listed in his company’s name. His lawyer said the company account actually held much less money.
The New York action also seized bank accounts and 47 vehicles suspected of being linked to Efans Trading of Memphis, which had bought cars from Mr. Downs’s company.
Ely Goldin, a lawyer with Fox Rothschild who represents Efans, said the government was doing the bidding of the automobile manufacturers. Disputes, he said, should be resolved through private litigation and not the threat of asset seizures or criminal prosecution.
“It is an open question who are the so-called victims and whether the purchase and sale of cars should be considered a fraudulent scheme,” Mr. Goldin said."
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“They were telling me you can get arrested and go to jail. I was practically having a panic attack,” he said. “I didn’t know that any of that stuff was illegal. People do exporting and importing every single day.”
Mr. Downs’s company became further ensnared in the federal crackdown in November, when prosecutors in New York sought to freeze $2.38 million in a bank account listed in his company’s name. His lawyer said the company account actually held much less money.
The New York action also seized bank accounts and 47 vehicles suspected of being linked to Efans Trading of Memphis, which had bought cars from Mr. Downs’s company.
Ely Goldin, a lawyer with Fox Rothschild who represents Efans, said the government was doing the bidding of the automobile manufacturers. Disputes, he said, should be resolved through private litigation and not the threat of asset seizures or criminal prosecution.
“It is an open question who are the so-called victims and whether the purchase and sale of cars should be considered a fraudulent scheme,” Mr. Goldin said."
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Thursday, May 7, 2015
Millions Of Dollars Seized Along With BMWs, Porsches And Mercedes In Government Crackdown On Vehicle Exports 10/10/.13
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Millions Of Dollars Seized Along With BMWs, Porsches And Mercedes In Government Crackdown On Vehicle Exports
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(Image credit: Getty Images Europe via @daylife)
When Edward Sweet went to pick up his new car at McDaniel’s Porsche, a luxury car dealership in Columbia, S.C., one Saturday last April, he didn’t need to bother with financing. After filling out the required sale paperwork and handing over a bank check for $70,528, Sweet drove off the lot in a brand new black Porsche Cayenne sports car.
Most people who just bought a sexy new sports car would probably want to take it for a spin. But Sweet drove directly to a Lowe’s parking lot about a mile away, where he and a friend, Martin Burke, waited for about an hour until a vehicle transport truck showed up.
As the men began loading the Porsche onto the truck, U.S. Secret Service agents and others from South Carolina’s Electronic Crimes Task Force closed in, seizing the car before it could be transported to a port in New Jersey, where it was to be loaded on a ship and exported to China.
The Porsche is one of hundreds of luxury vehicles seized in recent months by the federal government in a multi-state crackdown on vehicle brokers who bag huge profits by using straw buyers to purchase cars in the U.S. and then reselling them in China, often for twice the price. In addition to parking lots full of Porsches, BMWs, Mercedes and Range Rovers, the U.S. has seized millions of dollars from the bank accounts of brokers and their affiliates around the country, claiming the funds represent ill-gotten gains from alleged money laundering and wire fraud schemes.
In recent weeks, the government has begun forfeiture proceedings in at least five federal lawsuits in South Carolina, Texas and Ohio. U.S. attorneys involved in the cases declined to comment, citing ongoing criminal investigations, and other U.S. officials were unavailable because of the government shutdown.
The widening probe follows the first successful prosecution of a major vehicle-exporting operation last May in New Hampshire, where two California men pleaded guilty to federal mail fraud charges and violations of U.S. customs laws. The defendants, Frank Ku and Danny Hsu, admitted to scheming to export 93 vehicles worth more than $5.5 million that they and people they hired bought in 16 states. They were fined $5,000 and sentenced to three years probation. The government recovered 14 of the vehicles at California’s Port of Long Beach.
Demand for luxury cars and SUVs is exploding in China, as Chinese buyers are becoming more affluent. But prices are often at least double what the vehicles would go for in the United States because of tariffs and other fees and because that’s what the market will bear. The Porsche Cayenne, for example, has a base price of about $150,000 in China, compared to about $50,000 at U.S. dealerships. Even with the added costs of shipping a car overseas, exporters can make a handsome profit by undercutting legitimate dealerships in China.
Using a broker to buy a vehicle is perfectly legal in the United States. Many individuals and companies purchase their cars through an agent. It gets tricky, however, when the broker intends to resell the vehicle to a buyer overseas.
Vehicle manufacturers legally export more than 1.5 million U.S.-built cars a year to more than 200 countries. In 2011, that included 136,000 exports to China, five times the number exported in 2009. But manufacturers generally prohibit their U.S. dealers from selling new cars to individuals or companies intending to resell them outside the U.S. because such exports hurt their foreign dealer networks and make it difficult to issue recall and safety notices. In addition, regulatory standards differ by country. China, for example, has different fuel standards, so cars sold there require a specially designed fuel filter. Cars intended for sale in the U.S. that are exported without the manufacturers’ authorization might perform differently in foreign markets, potentially harming the manufacturers’ reputation.
“It’s illegal for anybody other than an original equipment manufacturer to export new cars overseas,” said BMW spokesman Kenn Sparks. “We remind all our dealers to make sure they know it’s a violation of their franchise agreement” to sell cars to anyone who intends to export them. In fact, manufacturers often penalize dealers that violate such restrictions, even unwittingly, by charging them fees, revoking incentives and limiting the number of vehicles they receive from the factory in the future. To combat the risk, many dealerships keep a list of known exporters and make new car purchasers sign “no-export agreements.”
Used cars are different, however. U.S. Customs laws and regulations allow anyone to export a used vehicle, as long as it is properly titled and is accompanied by the necessary paperwork. U.S. officials argue that the targeted brokers have devised elaborate schemes to circumvent the manufacturers’ no-export policy by generating a trail of transactions intended to portray new cars as “used.”
For example, brokers often use straw buyers recruited on Craigslist or other social media sites to make the purchase on their behalf using funds drawn on a local bank. This misleads the dealership into believing that the straw buyer is the true ultimate purchaser of the vehicle, and that the vehicle is not being purchased for export. The straw buyer turns the car and title over to the broker and pockets a commission of several hundred dollars.
Josh Widlansky, a Florida attorney representing Automotive Consultants of Hollywood, a California vehicle broker whose bank assets were seized in Ohio, says his client isn’t breaking the law. “We perceive it as a legitimate business. My client buys cars and sells cars. It’s no different than other dealerships. These are certified vehicles, there are no funny loans, the cars are fully paid for when they leave the dealership. He sells them to his clients who do whatever they do with the cars.”
Widlansky also argues that the government is stretching U.S. Customs laws to create a case against vehicle exports. “The statute has nothing to do with it being illegal to export vehicles. The legislation was created to stop the export of stolen vehicles. Now the government wants to fit a square peg into a round hole. That is not the intent of the statute. In fact, there’s a lot of language that says it’s ok to export as long as it’s not stolen.”
Customs officials have said in documents related to Automotive Consultants’ case that vehicles bought for immediate resale overseas are still considered new and thus cannot be exported. In the end, it’ll probably be up to a judge to decide the definition of a “used” car and who is the “ultimate buyer.”
Monday, May 4, 2015
Texas Shooting Suspect Was On Authorities' Radar For Years
Texas Shooting Suspect Was On Authorities' Radar For Years: "According to the AP, Simpson was arrested in 2010, a day before he was scheduled to fly to South Africa. He was convicted in 2011 of lying to an FBI agent about whether he had discussed traveling to Somalia.
At a morning press conference on Monday, Garland Officer Joe Harn said the two men drove up to the event and started firing at police. An officer returned fire and killed both attackers, according to Harn.
"We were able to stop those men before they were able to penetrate the area and shoot anyone else," Harn said.
Police also searched the men's car but found no explosives or other weapons, according to Harn.
Texas Governor Greg Abbott said Monday that he has instructed state officials to investigate any potential ties between the shooters and terrorist groups."
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At a morning press conference on Monday, Garland Officer Joe Harn said the two men drove up to the event and started firing at police. An officer returned fire and killed both attackers, according to Harn.
"We were able to stop those men before they were able to penetrate the area and shoot anyone else," Harn said.
Police also searched the men's car but found no explosives or other weapons, according to Harn.
Texas Governor Greg Abbott said Monday that he has instructed state officials to investigate any potential ties between the shooters and terrorist groups."
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