Day: November 1, 2023

Written by FinCrime

Bad Passwords Are Securities Fraud

Opinion by Matt Levine, Columnist If you are a publicly traded software company, and your customers access your product through a server, and you provide them with a default password to log into the server, and the default password is “password,” is that securities fraud? You know the answer! Yesterday the US Securities and Exchange Commission […]

Written by FinCrime

Founders of Top Meme Coin Arrested Over Fraud and Money Laundering

Reported by Alex Dovbnya SafeMoon founders Braden John Karony, Kyle Nagy, and Thomas Smith have been arrested and charged with securities fraud, wire fraud, and money laundering.  The charges stem from their alleged misuse of millions in investor funds for personal luxuries, according to a federal indictment that was unsealed earlier this Wednesday. Inside the fraud claims […]