Securities fraud
SEC charges 11 people in alleged $300 million crypto Ponzi scheme
A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images On Monday, the Securities and Exchange Commission said it charged 11 people for their roles in creating and promoting an allegedly fraudulent crypto pyramid and Ponzi scheme that raised […]
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Former Obama White House aide Seth Andrew sentenced to year in prison for charter school theft scheme
Seth Andrew Wikimedia Commons Former Obama White House education advisor Seth Andrew was sentenced Thursday to a year-and-one-day in federal prison for a scheme to steal $218,000 from a New York charter school network he founded. Andrew, 43, also was fined $5,000 at his sentencing in U.S. District Court in Manhattan. He was arrested in […]
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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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Rudy Giuliani ordered to testify at Georgia grand jury in Trump election meddling case
Former New York City Mayor Rudy Giuliani speaks to media outside his apartment building after suspension of his law license in Manhattan in New York City, New York, U.S., June 24, 2021. Andrew Kelly | Reuters Rudy Giuliani has been by a New York judge to testify starting Aug. 9 before a grand jury in […]
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Federal consumer finance watchdog to tighten bank rules around money-transfer scams, report says
The Consumer Financial Protection Bureau headquarters in Washington, D.C. Joshua Roberts/Bloomberg via Getty Images A CFPB spokesperson declined to comment on the specifics of the report. “Reports and consumer complaints of payments scams have risen sharply, and financial fraud can be devastating for victims,” the spokesperson said in an e-mailed statement. “The CFPB is working […]
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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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Villas by the sea: Rich Russians fleeing sanctions are pumping up Dubai’s property sector
Dubai is seeing its hottest real estate market in years, with sales in the sector up 45% year on year in April and 51% in May, according to the Dubai Land Department. DUBAI, United Arab Emirates – The team at Dubai property firm Mira Estate have reason to celebrate. The luxury real estate company just […]
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Georgia grand jury investigating Trump election interference subpoenas Sen. Graham, Giuliani, report says
Former New York City Mayor Rudy Giuliani arrives at his apartment building after the suspension of his law license in Manhattan in New York City, New York, U.S., June 24, 2021. Andrew Kelly | Reuters A Georgia grand jury has issued subpoenas to U.S. Sen. Lindsey Graham and the attorney Rudy Giuliani as part of […]
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EU agrees on landmark regulation to clean up crypto ‘Wild West’
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. The European Commission, EU lawmakers […]
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