Reported by: TMZ and Unchained by Laura Shin Disgraced FTX founder Sam Bankman-Friedmust be worried about serious prison time for his multiple fraud charges … but have no fear — because “Pharma Bro” Martin Shkreli‘s advice is to listen to some rap before hitting the slammer. Shkreli, the once-pharmaceutical exec and hedge fund manager, offered his questionable […]
Reported by: Alvin R Cabral More than $8 million worth of cryptocurrency has been stolen from the wallets of BitKeep users in an apparent cyber attack, the latest exploit to hit a decentralised finance network. BitKeep users reported through social media that their funds were being transferred without any activity on their end, online industry tracker Cointelegraph reported on […]
Reported by: Serah Louis From Kim K to the Paul brothers, influencers are shelling out investing advice and touting risky tokens over social media and it’s often their young followers who are left paying the price if the market plunges. Bitcoin’s track record serves as an example of just how volatile that market can be. There’s […]
Reported by: Lawrence Richard FOXBusiness Two former associates of FTX founder Sam Bankman-Fried pleaded guilty to charges the Securities and Exchange Commission (SEC) filed against them Wednesday as part of a multiyear scheme to defraud investors. Former Alameda Research CEO Caroline Ellison, 28, and former Chief Technology Officer of FTX Trading LTD Zixiao (Gary) Wang, 29, secretly […]
Reported by: Eric Ball, Kimberly Culp Brands and influencers alike should proceed with caution as regulators continue to scrutinize how influencers market information to their followers and how brands deploy influencer marketing. Recent enforcement actions have made one thing clear: disclose, disclose, disclose. On December 14, 2022, the SEC announced charges against eight individuals for their roles […]
Reported by: Carmo Moniz and Tori Morales Cindy Tappe, NYU’s former director of finance and research, is facing multiple felony charges after she was found to have redirected millions of dollars in New York state education grants to shell companies over the span of six years. Tappe, who left NYU in 2018 after the university […]
Reported by: Corinne Ramey The Justice Department on Wednesday charged a Teachers Insurance and Annuity Association of America trader and an associate with fraud for allegedly using stolen confidential information to profit on trades, yielding what prosecutors said were tens of millions of dollars in illegal gains. The U.S. Attorney’s Office for the Southern District […]
Reported by: Edward Helmore Almost 14 years to the day since Madoff was arrested and charged with fraud in New York for orchestrating a long-running pyramid scheme, the FTX crypto scandal is being compared to Madoff’s criminal enterprise. Diana Henriques, a financial historian and the author of The Wizard of Lies, a book delving into […]
Reported by: U.S. Department of Justice Danske Bank A/S (Danske Bank), a global financial institution headquartered in Denmark, pleaded guilty today and agreed to forfeit $2 billion to resolve the United States’ investigation into Danske Bank’s fraud on U.S. banks. According to court documents, Danske Bank defrauded U.S. banks regarding Danske Bank Estonia’s customers and […]
Reported by: U.S. Department of Justice A federal grand jury in Manhattan returned an indictment today charging Samuel Bankman-Fried, aka SBF, 30, of Stanford, California, with conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election […]
Financial Crime News Briefs 