Category: charges
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Celsius Founder Alexander Mashinsky Pleads Guilty To $4.7 Billion Fraud Charges
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Alexander MashinskyThe former CEO of now-bankrupt cryptocurrency lender Celsius has pleaded guilty to two counts of fraud, and faces a possible maximum sentence of 30 years in prison. This development comes on the heels of multiple charges filed by the US Department of Justice (DOJ), which originally charged him with…
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India’s opposition protests against billionaire facing US bribery and fraud charges
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Breadcrumb links PMN PMN works Article writer: Associated Press Shonal Ganguly and Manish Swarup Posted on November 25, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content NEW DELHI (AP) — Hundreds of supporters…
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SEC charges TrustToken and TrueCoin over stablecoin fraud
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The US Securities and Exchange Commission has charged two crypto companies linked to the TUSD stablecoin with securities violations. TrueCoin and TrustToken stable The U.S. Securities and Exchange Commission has filed a lawsuit against TrustToken, accusing it of making unregistered offers and selling investment contracts between November 2020 and April…
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SEC charges TrustToken and TrueCoin over stablecoin fraud
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The US Securities and Exchange Commission has charged two crypto companies linked to the TUSD stablecoin with securities violations. TrueCoin and TrustToken stable The U.S. Securities and Exchange Commission has filed a lawsuit against TrustToken, accusing it of making unregistered offers and selling investment contracts between November 2020 and April…
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SEC Charges FTX Audit Firm With Negligence And Independence Violations
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The U.S. Securities and Exchange Commission (SEC) has reached a settlement with auditing firm Prager Metis, which agreed to pay $1.95 million to resolve allegations of misconduct related to its audits of now-defunct cryptocurrency exchange FTX. $745,000 due to FTX audit failure On Tuesday, the Securities and Exchange Commission It…
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SEC Charges FTX Audit Firm With Negligence And Independence Violations
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The U.S. Securities and Exchange Commission (SEC) has reached a settlement with auditing firm Prager Metis, which agreed to pay $1.95 million to resolve allegations of misconduct related to its audits of now-defunct cryptocurrency exchange FTX. $745,000 due to FTX audit failure On Tuesday, the Securities and Exchange Commission It…
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New charges — new problems: Will Tether survive them?
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Consumer advocacy group Consumers’ Research has released a report accusing Tether, the issuer of the USDT stablecoin, of being opaque and not fully auditing its dollar reserves. Tether has been accused of being non-transparent (again) Consumer Research Analysts He said The issuer of USDT has yet to conduct an audit…
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Uber raises charges, including minimum fare, after pressure from drivers
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Uber has raised its ride prices, including the minimum fare, in response to pressure from its drivers, who have protested its prices for months and even resorted to setting their own prices in recent weeks. In an announcement on Monday, the company said the price increases would be across its…
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Controversial 3-Year SEC Investigation Into Bitcoin L2 Stacks Concludes With No Charges
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The US Securities and Exchange Commission (SEC) has concluded its three-year investigation into Bitcoin. Second layer (L2) blockchain Stacks (STX) and Hiro Systems without taking any action. SEC Ends Investigation Into Stacks Case Muneeb Ali, Co-Founder of Stacks Protocol, Advertise He concluded the SEC investigation with a social media post…
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Controversial 3-Year SEC Investigation Into Bitcoin L2 Stacks Concludes With No Charges
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The US Securities and Exchange Commission (SEC) has concluded its three-year investigation into Bitcoin. Second layer (L2) blockchain Stacks (STX) and Hiro Systems without taking any action. SEC Ends Investigation Into Stacks Case Muneeb Ali, Co-Founder of Stacks Protocol, Advertise He concluded the SEC investigation with a social media post…
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Nigeria Drops Tax Evasion Charges Against Binance Executives
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Events in the Nigeria-Binance saga continue to unfold. This time, the country dropped tax charges against the stock exchange executives. according to tweet By Nigerian journalist Alexander Onukwe Nigeria’s Federal Inland Revenue Service (FIRS) has withdrawn tax evasion charges against Tigran Gambaryan, Head of Financial Crimes Compliance at Binance, and…
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Mike Lynch Acquitted of All Fraud Charges in Hewlett-Packard Case
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British businessman Mike Lynch was acquitted Thursday of all 15 fraud charges in connection with the $11.1 billion sale of his company Autonomy to Hewlett-Packard in 2011. The trial, which began in March in San Francisco, follows a long extradition battle from England to the United States, where Lynch first…
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Mike Lynch Acquitted of All Fraud Charges in Hewlett-Packard Case
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British businessman Mike Lynch was acquitted Thursday of all 15 fraud charges in connection with the $11.1 billion sale of his company Autonomy to Hewlett-Packard in 2011. The trial, which began in March in San Francisco, follows a long extradition battle from England to the United States, where Lynch first…
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Former BitConnect promoter pleads guilty to criminal charges
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Former BitConnect promoter John Pegaton has pleaded guilty to one felony count of providing unlicensed financial services. Pegaton Back He appeared before the Sydney District Court on May 16, where he admitted providing unlicensed financial services on behalf of another person. This is a breach of section 911B(1) of the…
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Former BitConnect promoter pleads guilty to criminal charges
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Former BitConnect promoter John Pegaton has pleaded guilty to one felony count of providing unlicensed financial services. Pegaton Back He appeared before the Sydney District Court on May 16, where he admitted providing unlicensed financial services on behalf of another person. This is a breach of section 911B(1) of the…
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Trump Media dismisses auditor BF Borgers amid SEC fraud charges By Reuters
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(Reuters) – The media and technology company owned by former US President Donald Trump said it replaced its auditor, BF Borgers, after the US Securities and Exchange Commission accused the accounting firm of committing “large-scale fraud” on Friday. Trump Media and Technology Group said in a filing with the Securities…
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Okiya Omtatah in court to cut mobile connection charges
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Busia Senator Okiya Umtatah has moved to court seeking to overturn the Mobile Termination Rates (MTR) set by the Kenya Communications Authority (CA) last November, arguing that they are arbitrary and the highest in the region. The regulator set the mid-term price at Sh0.41 per minute on November 17, 2023,…
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DOJ Arrests Early Bitcoin Investor Roger Ver, ‘Bitcoin Jesus,’ on Charges of Tax Fraud
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The Department of Justice (DOJ) has indicted Roger Ver, a prominent early Bitcoin investor known as “Bitcoin Jesus,” on charges of mail fraud, tax evasion, and filing false tax returns. Ver was arrested over the weekend in Spain on these criminal charges, and the United States intends to request his…