Fraud and false statements
SEC charges former GOP Rep. Stephen Buyer with insider trading
(File 1988) House Judiciary Committee member Rep. Stephen Buyer (R/IN) carries his research materials away at the conclusion of the impeachment proceedings December 12. Reuters WASHINGTON — Former Indiana Republican Rep. Stephen Buyer has been charged with insider trading, the Securities and Exchange Commission announced Monday. Buyer, who left Congress in 2011, is accused of […]
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Coinbase blasts SEC over insider trading case, says none of the tokens it lists are securities
Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Coinbase pushed back on claims from the Securities and Exchange Commission that it offers unregistered securities, following fraud charges against a former employee of the company. An ex-Coinbase product manager […]
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Former Coinbase manager and two others charged in crypto insider trading scheme
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Three people have been charged in the first-ever crypto insider trading tipping scheme, according to the U.S. Attorney’s Office for the […]
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FBI says fake crypto apps defrauded investors of more than $42 million
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images The FBI recently issued a warning to consumers about fraudulent crypto applications that have scammed 244 victims out of about $42.7 million since October 2021. “The […]
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Feds say 2 NY residents used Trump fundraiser, photo in $27M investment scam
Scott Olson | Getty Images Two New York residents were arrested Monday on a federal criminal complaint with a nearly decade-long $27 million investment fraud scheme that leveraged their attendance at a 2017 fundraiser with then-President Donald Trump. Prosecutors said that the two defendants, Sherry Xue Li and Lianbo Wang, lured victims into investing in […]
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Trump accused of possible witnesses tampering: Here are the highlights from the latest Jan. 6 committee hearing
Committee Chairman Bennie Thompson (D-MS) and Vice Chair Liz Cheney (R-WY) lead the seventh public hearing by the House Select Committee to investigate the January 6th attack on the US Capitol, in Washington, DC, U.S., July 12, 2022. Doug Mills | Reuters The House select committee investigating the Jan. 6 attack on the Capitol accused […]
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Sepp Blatter and Michel Platini: Former heads of FIFA and UEFA cleared of corruption charges by Swiss court
Sepp Blatter and Michel Platini photographed on May 29, 2015. The two were once among the most powerful figures in world football. Michael Buholzer | AFP | Getty Images Former FIFA president Sepp Blatter and former UEFA president Michel Platini were both cleared of corruption charges by a Swiss court on Friday. Blatter, who led […]
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Embattled crypto lender Celsius is a ‘fraud’ and ‘Ponzi scheme,’ lawsuit alleges
Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Crypto […]
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Theranos ex-COO Sunny Balwani found guilty in all 12 fraud charges 6 months after founder Holmes’ conviction
SAN JOSE, Calif. – In the final chapter of the Theranos saga, Ramesh “Sunny” Balwani, the company’s former chief operating officer and ex-boyfriend of founder Elizabeth Holmes, was found guilty of all 12 criminal fraud charges. Balwani had no reaction as the verdict was read at the U.S. District Court in San Jose, California and […]
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Theranos ex-CEO Sunny Balwani found guilty in all 12 fraud charges 6 months after founder Holmes’ conviction
SAN JOSE, Calif. – In the final chapter of the Theranos saga, Ramesh “Sunny” Balwani, the company’s former chief operating officer and ex-boyfriend of founder Elizabeth Holmes, was found guilty of all 12 criminal fraud charges. Balwani had no reaction as the verdict was read at the U.S. District Court in San Jose, California and […]
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