Securities fraud
Bitcoin billionaire Michael Saylor settles DC tax fraud case for $40 million
Billionaire bitcoin investor Michael Saylor and the company he established, MicroStrategy, will spend $40 million to settle a tax fraud lawsuit brought by the Washington, D.C., lawyer common, the AG’s business introduced Monday. Between 2005 and 2021, Saylor allegedly evaded over $25 million in District of Columbia profits taxes by posing as a resident of […]
Read More
DOJ fees Chinese nationwide with functioning ‘world’s largest botnet’ that stole $5.9 billion in Covid aid money
The seal of the US Office of Justice in Washington, DC on March 21, 2024. Mandel Ngan | Afp | Getty Visuals A world-wide malware community responsible for the theft of $5.9 billion in Covid aid funds and tied to other crimes like baby exploitation and bomb threats has been shut down, Office of Justice […]
Read More
Former Malaysia Primary Minister Mahathir says he’s ‘not concerned in corrupt practices’
Malaysia’s former key minister Mahathir Mohamad mentioned he and his family associates had been not included in any “corrupt tactics.” Previous thirty day period, Malaysia’s Anti-Corruption Commission said Mahathir was among persons being investigated over a corruption probe that included his sons, in accordance to Reuters. Mahathir’s sons — Mirzan and Mokhzani — have been […]
Read More
No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month
ETF Edge No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month Published Sat, May 18 202411:00 AM EDT Emily Glass WATCH LIVE Source
Read More
Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud
Barbara Furlow-Smiles attends the 2020 Sisters’ Awards at Skirball Cultural Center on March 08, 2020 in Los Angeles, California. Robin L. Marshall | Getty Images A former diversity manager at Facebook and Nike was sentenced to five years and three months in prison for stealing more than $5 million from those companies that had been […]
Read More
DOJ costs brothers with $25 million Ethereum heist that took 12 seconds
Jonathan Raa | Nurphoto | Getty Photos The Office of Justice on Wednesday declared the indictment of two brothers for allegedly stealing $25 million in cryptocurrency within about 12 seconds. DOJ named it a “1st-of-its kind” fraud, detailing the seconds-lengthy scheme in which the brothers allegedly manipulated the Ethereum blockchain to redirect pending transactions and […]
Read More
Sen. Menendez bribery trial starts with choose scolding legal professionals on ‘gamesmanship’
Sen. Robert Menendez arrives at the federal courthouse in Manhattan, New York City, Could 13, 2024. Fatih Aktas | Anadolu | Getty Visuals A decide on Monday admonished attorneys for taking part in lawful video games soon just after they convened for the start off of the federal bribery trial of Sen. Robert Menendez, D-N.J. […]
Read More
Fat Brands, chair Andy Wiederhorn indicted in $47 million ‘sham’ loan scheme
Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks. Fat Brands, Wiederhorn and a few other people were criminally indicted by a federal grand jury in Los […]
Read More
Trump Media investor convicted of insider investing in advance of merger
Bruce Garelick walks adhering to a listening to at the Manhattan Federal Court docket, in New York Metropolis, July 20, 2023. Amr Alfiky | Reuters A federal jury in New York on Thursday convicted an trader of insider investing in the stock of a shell business forward of its announcement in October 2021 that it […]
Read More
Former MGM Grand casino president to be sentenced for failing to report bookie’s bets
Resorts Entire world Las Vegas President Scott Sibella speaks in the course of the opening of Resorts Entire world Las Vegas on June 24, 2021 in Las Vegas, Nevada. Ethan Miller | Getty Images The former president of the MGM Grand casino in Las Vegas is established to be sentenced Wednesday afternoon on a federal […]
Read More