Reported by Harry Cassin The trustee for bankrupt crypto giant FTX Group filed a civil complaint last week against former FTX general counsel and chief compliance officer Daniel Friedberg, alleging he acted as a “fixer” who helped divert billions to FTX insiders, paid off whistleblowers and their lawyers, and collected a $3 million bonus and […]
Reported by Michael Wines The former speaker of the Ohio House of Representatives was given the maximum 20-year prison sentence on Thursday for his central role in what prosecutors said was perhaps the biggest public corruption scandal in the state’s history. The former speaker, Larry L. Householder, was convicted in March of racketeering and bribery […]
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 […]
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 […]
Reported by Kevin Dunleavy A former statistician at Pfizer and his associate have been charged (PDF) with insider trading, using advance information on a drug trial to make more than $350,000 from stock purchases they executed one day before the company announced trial results for COVID-19 drug Paxlovid. The U.S. attorney and the Securities and Exchange Commission […]
Financial Crime News Briefs 