Written by FinCrimeMay 30, 2023

Inside the NIL Battle That Is Splintering the SEC: ‘We’re All Money Laundering’

Reported by ROSS DELLENGER Texas A&M’s fundraising arm is believed to be the first distribution model that allows a school’s booster to be heavily involved in the NIL space. Maria Lysaker/USA TODAY Sports (Summary of original article is featured below.) In the landscape of college athletics, the distribution of compensation to student-athletes has become a pressing […]

Written by FinCrimeMay 30, 2023May 30, 2023

Company Insiders Made Billions Before SPAC Bust

Reported by Tom McGinty, Shane Shifflett and Amrith Ramkumar (Summary of original report featured below) The SPAC boom has resulted in significant losses for investors, while insiders in the companies that went public through SPACs made profitable trades. Executives and early investors sold shares worth $22 billion at opportune moments before share prices plummeted. Among […]

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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: May 30, 2023

Inside the NIL Battle That Is Splintering the SEC: ‘We’re All Money Laundering’

Company Insiders Made Billions Before SPAC Bust