Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Federal authorities sought to detain one of the men charged in an alleged multiyear fraud scheme involving a neighborhood deli in a small New Jersey to...
Tag: Crime
Ford Seeks New Trial After $1.7 Billion Jury Verdict in Truck Rollover Lawsuit
Listen to article (1 minute) Ford Motor is asking a Georgia court for a new trial, after a jury reached a $1.7 billion verdict against the auto maker last month involving a truck rollover accident tha...
Three men charged with fraud in $100 million New Jersey deli scheme
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Three men were charged with fraud and other crimes in a scheme involving a company that was worth $100 million in the stock market despite having only ...
Charles Hoskinson Says It’s “Crime” for Ethereum Community to Discuss Cardano
Alex Dovbnya Input Output’s Charles Hoskinson started another heated debate with Ethereum community on Twitter Input Output CEO Charles Hoskinson has reignited his long-standing feud with the Et...
Crypto Investors Got Burned by Celsius. Then They Battled Back.
Cryptocurrency lender Celsius Network LLC attracted scores of people over the last five years who wanted to make money betting on bitcoin. After a crypto crash pushed the company into bankruptcy this ...
Britain to Introduce New Bill to Crack Down on Crypto Crime
The U.K. Parliament passed the first readings of a new anti-money laundering bill against cryptocurrencies on Thursday (Sept 23), which aims to give law enforcement agencies greater powers to seize, f...
New York Suit Against Trump Mixes Routine Business Law, Uncommon Allegations
The New York attorney general’s lawsuit against former President Donald Trump uses a common state business law to make allegations about property valuations, which lawyers say are rarely the focus of ...
Proposed U.K. Legislation Would Enable Harsher Crackdowns on Crypto Crime
Key Takeaways The U.K. government has introduced new legislation called the Economic Crime and Corporate Transparency bill. The bill will give the government greater power to “seize, freeze and ...
Senators drill down on Zelle reimbursements, inflation and ‘uber-woke’ policies in bank CEO hearing
Democratic senators criticized banks for not serving consumers fairly while Republicans complained about liberal social agendas promoted by the same institutions, as chief executive officers of the co...
Court orders Brazil’s ‘bitcoin pharaoh’ to deposit $3.7 billion to pay back creditors: O Globo
A Rio de Janeiro federal court judge has ordered Brazil’s so-called “Bitcoin Pharaoh” Glaidson Acácio dos Santos to pay 19 billion Brazilian reais (nearly $3.7 billion) to a business court, with the a...
Dollar Hits 20-Year High After Russia Mobilizes More Troops
Text size Russian President Vladimir Putin accused the West of nuclear blackmail against Russia. Alexei Druzhinin/SPUTNIK/AFP/Getty Images The U.S. dollar rose to 20-year highs early Wednesday after R...
DOJ Creates Unit of Federal Prosecutors to Combat Crypto Crime
The Department of Justice (DOJ) of the United States has established a unit of federal prosecutors whose goal is to combat cryptocurrency-related crimes. The U.S. DOJ has established a group of federa...
Nikola CEO Tells Jurors He Worried About Exaggerations by Company Founder Trevor Milton
Nikola CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in ...
Beyond Meat COO Doug Ramsey arrested for allegedly biting man’s nose
Douglas Ramsey Source: Washington County, Arkansas Beyond Meat Chief Operating Officer Doug Ramsey was arrested this weekend after allegedly biting a man’s nose in an Arkansas parking garage fol...
Retired Couple Wins $5.2 Million Award From UBS Over YES Strategy
Two retirees won a $5.2 million arbitration award against UBS , which they accused of misrepresentation, unsuitability, and breach of fiduciary duty with regard to a complex options-trading strategy. ...
US DOJ is fighting crypto crime
The US Department of Justice (DOJ) has released a new report on crypto crime with detailed recommendations for legal reform. In addition, a network of experts has been formed. US takes steps to combat...
Treasury Seeks Public Comment on Crypto’s Role in Financial Crime
Key Takeaways The U.S. Treasury Department has published a request for comment, inviting members of the public to share their views on the potential risks associated with digital assets. The notice in...
The US DoJ Established a Unit of Prosecutors to Limit Crypto Crime
The Department of Justice (DOJ) of the United States created a unit consisting of over 150 federal prosecutors whose goal will be to combat cryptocurrency-related criminal activities. In addition, the...
Ex-Morgan Stanley Advisor Pleads Guilty to $7 Million Fraud
A former Morgan Stanley advisor pleaded guilty on Thursday to wire fraud and money laundering as part of a $7 million fraud scheme, according to the Department of Justice. Ex-advisor Shawn Edward Good...
Growing Illegal Use of Crypto Makes US Justice Department Create New Anti-Crypto Crime Network
Yuri Molchan US Justice Department intends to double its efforts protecting Americans from illegal use of cryptocurrencies The Department of Justice spread the word that it intends to try harder to fi...
DOJ publishes second report on EO digital asset crime, announces new expert network
The United States Department of Justice (DOJ) published its latest report in response to President Joe Biden’s March executive order (EO) on the development of digital assets on Sept. 16. At the same ...
Crypto poses threat to ‘financial stability’ of everyday Americans, feds warn
President Joe Biden’s administration expressed concern over recent developments in cryptocurrency markets and their impact on average Americans’ financial health as it introduced a series of reports F...
Brazil’s jailed ‘bitcoin pharaoh’ will have to sit out next month’s election
A Brazilian court unanimously moved to prohibit “bitcoin pharaoh” Glaidson Acácio dos Santos from running for office because of his company’s alleged role in a pyramid scheme. Dos Sa...
DOJ is changing the way it prosecutes companies, and it could put more executives in jail
The crest of the United States Department of Justice (DOJ) is seen at their headquarters in Washington, D.C., U.S., May 10, 2021. Andrew Kelly | Reuters Significant changes are coming to the ways fede...
Nikola founder Trevor Milton stands trial on fraud charges
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy ...
Nikola Founder Faces Securities-Fraud Trial Over Promises About Electric Trucks
Trevor Milton, the Nikola founder who enticed auto-industry leaders and investors with his promise for a revolution in electric trucks, faces a securities-fraud trial beginning this week on allegation...
Don’t panic about your 401(k)
I’ve been doing this—writing about the stock market and investments—for a quarter of a century. It’s been a heckuva turbulent ride, including Russian defaults, emerging market crises, dot-com disaster...