Day: July 2, 2023

Written by FinCrime

Hedge Fund Sues PDVSA Alleging Fraudulent Debt Note Scheme

Reported by Shayna Greene Hedge fund VR Global Partners LP sued Venezuela’s state-owned gas company Petróleos de Venezuela SA and related companies for common law fraud and violating the Securities and Exchange acts. VR Global claimed that PDVSA made false representations and/or omissions in an ongoing “fraudulent scheme” in connection with senior secured notes that it issued […]

Written by FinCrime

Kraken Ordered to Hand Over User Information to IRS

Reported by Pedro Solimano Crypto exchange Kraken must provide a wide variety of information about its users to the Internal Revenue Service (IRS), according to a ruling in theU.S. District Court of Northern California yesterday. According to a Friday court filing, the company will need to produce full documentation for any Kraken user that bought, sold, or traded […]