The United States’ accounting watchdog is being sued over concerns that its practice of conducting disciplinary proceedings behind closed doors is unlawful. The case, filed…
The founder of cryptocurrency exchange Bitzlato has been detained in a $700 million fraud case
As the US pursues criminal suspects in the digital arena, a Russian was charged with money laundering using a cryptocurrency exchange that allegedly concealed the…
Sequoia Capital reduces fees for new funds as the venture capital industry slows
According to partner Alfred Lin, Sequoia Capital has reduced management fees in its two recently announced venture funds as it prepares for a slower investment…
The United States Supreme Court will deliberate on a critical standard in whistleblower fraud cases
The United States Supreme Court agreed on Friday to reconsider reviving two lawsuits accusing pharmacy operators of overcharging government health insurance programs for prescription drugs,…
Ericsson sets aside $220 million for the latest scandal settlement with the DOJ
Ericsson has put aside $220 million for a possible settlement with the US Department of Justice (DoJ) in connection with its latest controversy involving bribery…
JPMorgan shuts down the financial planning website Frank post suing the founder
JPMorgan Chase & Co shut down its Frank website on Thursday, a college financial planning tool it purchased in 2021, after suing the startup’s founder…
Insider trading case: Ex-Coinbase manager’s brother sentenced to ten months in prison
The brother of a former Coinbase Global Inc product manager was sentenced to ten months in jail on Tuesday after pleading guilty in what US…
This year’s largest SEC award went to a whistleblower in a healthcare bribery case
Lawyers representing the whistleblower said the award was connected to a Foreign Corrupt Practices Act settlement reached by the SEC and DOJ with a publicly…
Former NYU administrator charged in $3.5 million fraud scheme
Prosecutors say the administrator diverted funds intended for state-sponsored special education and English-language programs Prosecutors in New York accused a former New York University administrator…
Photos show disgraced FTX founder Sam Bankman-Fried handcuffed on his way to jail in the Bahamas
The Bahamas’ prime minister, Philip Davis, once cited FTX’s debut as proof of the expertise of Bahamian securities regulators in ensuring “good actors, as opposed…