Pledge sues Penn State, fraternity caught in nude photo scandal

(Reuters) – The whistleblower in a Penn State University fraternity scandal tied to a private Facebook group featuring photographs of nude and apparently unconscious female students has sued the school and fraternity, according to court documents released on Monday. James Vivenzio says he was subjected to life-threatening hazing, which included being burned by cigarettes and forced to drink bucketfuls of alcohol mixed with vomit and urine while pledging for Kappa Delta Rho, according to the complaint filed in the Court of Common Pleas in Philadelphia

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London-based Abacas launches asset-backed coins for digital exchange

By Simon Jessop LONDON (Reuters) – London-based Abacas has launched asset-backed coins (ABCs) that will allow investors to trade a range of assets on a digital exchange, the company’s chief operating officer Morgan McDonnell said on Monday. Rather than supplant the fund firms that buy and sell stocks, bonds and other assets on behalf of investors, Abacas has designed a new trading environment in which investors will be able to trade a range of assets using ABCs

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