The sudden collapse of Bill Hwang’s Archegos Capital Management LP in March 2021 prompted the U.S. Securities and Exchange Commission to file a civil lawsuit…
Mattel, a toymaker, agrees to pay $3.5 million to resolve SEC complaints
The U.S. Securities and Exchange Commission (SEC) announced on Friday that California-based toymaker Mattel Inc has agreed to pay $3.5 million to resolve allegations of…
Brazil’s Neymar faces fraud and corruption charges
Brazil’s Neymar to stand trial in a corruption case over his transfer to FC Barcelona Brazil forward Neymar arrived at a Barcelona court on Monday…
Trevor Milton, the founder of Nikola, is pinning his legal defense on expert testimony
Harvard law professor is a featured defense witness, while the securities-fraud trial is delayed by Covid-19 Lawyers for Trevor Milton are basing their defence against…
Former WSJ reporter says legal firm recruited Indian hackers to ruin his career
A former Wall Street Journal writer claims that a major US law firm deployed mercenary hackers to fire him and harm his image. Jay Solomon,…
Before declaring bankruptcy, Celsius executives cashed out $18 million in cryptocurrency
Alex Mashinsky withdrew $10 million in tokens before stepping down as chief executive in late September According to bankruptcy court records filed Wednesday, former Celsius…
A ‘shameless plot’ allegedly took $250 million from the epidemic kid food program, U.S. says
Federal prosecutors charged 47 persons on Tuesday with diverting almost $250 million from a federal aid program designed to help feed children during the COVID-19…
Covid-19 Unemployment fraud could top $45 billion, according to watchdog reports
People used Social Security numbers from dead and imprisoned to get money from programs meant to help those laid off during pandemic A government monitor…
Trevor Milton, the founder of Nikola, is accused of defrauding investors in a fraud trial
Defense calls electric truck entrepreneur an innocent victim of ‘prosecution by distortion’ Prosecutors charged Trevor Milton, the founder of Nikola, with masterminding a plot to…
Steve Bannon is facing fraud charges in New York in connection with the We Build the Wall organization
Steve Bannon, a long-time ally of former US President Donald Trump, has been indicted on charges of money laundering, fraud, and conspiracy. Mr. Bannon, 68,…