Securities fraud
Crypto entrepreneur billed with defrauding traders out of $150 million as a result of marketing scheme
The U.S. District Courtroom for the Eastern District of New York stands in the Brooklyn borough of New York Metropolis on Jan. 18, 2019. Drew Angerer | Getty Images Federal prosecutors on Friday announced expenses towards a German businessman, alleging he scammed traders out of far more than $150 million in a crypto fraud plan. […]
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Former Swiss finance government pleads responsible to tax evasion scheme that hid $60 million
The Interior Earnings Provider headquarters developing in Washington, D.C. Chip Somodevilla | Getty Pictures Information | Getty Photos WASHINGTON — A former Swiss finance government pled responsible in New York federal court on Thursday to conspiring to defraud the U.S. in a tax evasion scheme regarded as the “Singapore Solution” that hid $60 million in […]
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Man pleads guilty in stock fraud case involving $100 million New Jersey deli
Your Hometown Deli in Paulsboro, N.J. Google Earth A North Carolina ex-convict pleaded guilty to securities fraud in connection with conspiring to manipulate the stock of a company that once had a market capitalization of as high as $100 million despite owning just one, small money-losing deli in southern New Jersey. The man, disgraced former […]
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U.S. swaps Maduro ally for ⟺t Leonard' in Venezuela prisoner trade
US President Joe Biden speaks on his financial insurance policies at the Wisconsin Black Chamber of Commerce in Milwaukee, Wisconsin, on December 20, 2023. Mandel Ngan | AFP | Getty Images The United States on Wednesday released from jail an accused revenue launderer near to Venezuela’s President Nicolas Maduro in trade for that state sending […]
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SEC fees ex-CEO of professional medical machine organization with fraud, claims some products have been 'just a piece of plastic'
The headquarters of the U.S. Securities and Exchange Commission (SEC) is witnessed in Washington, D.C., Could 12, 2021. Andrew Kelly | Reuters Laura Tyler Perryman, co-founder and former CEO of the clinical product startup Stimwave Technologies, was billed with allegedly defrauding buyers out of $41 million by making “untrue and misleading” statements about 1 of […]
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4 males indicted in $80 million ‘pig butchering’ scheme
Las Vegas Review-journal | Tribune Information Services | Getty Pictures Federal prosecutors have disrupted a so-referred to as pig-butchering scheme that value victims much more than $80 million, the U.S. Department of Justice declared Thursday. 4 guys have been indicted and two arrests have been produced in a single of the most sweeping enforcement steps […]
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Bernie Madoff victims get $159 million from Ponzi recovery fund in hottest payout
Bernie Madoff leaves federal court docket in New York on March 10, 2009. Jin Lee | Bloomberg through Getty Photographs The fund for victims of Bernie Madoff’s historic Ponzi plan has started its ninth payout, distributing about $159 million in authorities-seized resources to virtually 25,000 individuals around the globe, the Division of Justice reported Monday. […]
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Swiss lender Banque Pictet admits hiding $5.6 billion of Americans’ cash from IRS
A indication sits outside Banque Pictet & Cie SA in Geneva, Switzerland, on Friday, Oct. 16, 2015. Luke MacGregor | Bloomberg | Getty Visuals A important Swiss financial institution admitted to conspiring with U.S. taxpayers and others to conceal above $5.6 billion from the Interior Profits Services, the Department of Justice announced Monday. Banque Pictet, […]
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Ex-Binance CEO Zhao urges judge to make it possible for him to leave the U.S. ahead of sentencing
Zhao Changpeng, founder and chief government officer of Binance, attends the Viva Know-how convention committed to innovation and startups at Porte de Versailles exhibition middle in Paris, France June 16, 2022. Benoit Tessier | Reuters Lawyers for previous Binance CEO Changpeng Zhao are urging a U.S. choose to reject the Justice Department’s request to bar […]
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Binance users pull over $1 billion from the exchange after CEO leaves, pleads responsible
Binance’s Co-founder & CEO Changpeng Zhao speaks through the 2022 Website Summit in Lisbon, Portugal, on November 1, 2022. Ben Mcshane | Sportsfile | Getty Visuals Outflows from Binance have amounted to extra than $1 billion in the earlier 24 hrs, not like bitcoin, in accordance to data from blockchain analysis organization Nansen, immediately after […]
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