International tax officials have identified more than 50 leads to potential crypto tax crimes that may lead to official investigations in the coming weeks, including one case that could be a $1 billio...
Tag: legal action
This Billion-Dollar Crypto Loan Is Easy to Get, but Gone in a Flash
A hacker who robbed the decentralized stablecoin platform Beanstalk in April had a powerful tool: a $1 billion loan taken out with no collateral, no proof of income and no identity verification. The l...
Teva CEO Sees a Final Opioid Settlement Coming This Year
Text size Teva CEO Kåre Schultz has been predicting a national opioid settlement for years. Christopher Goodney/Bloomberg Teva Pharmaceutical Industries CEO Kåre Schultz has, for years, been predictin...
Micron sued for alleged patent infringement
BOISE, Idaho — Bell Semiconductor has filed a patent infringement lawsuit against computer chip maker Micron Technology. The lawsuit filed Wednesday in U.S. District Court contends that Boise, Idaho-b...
Teladoc stock plunges more than 30% after earnings outlook slashed, massive impairment charge
Shares of Teladoc Health Inc. were slammed in after-hours trading Wednesday, after the telemedicine company took an impairment charge of more than $6.5 billion and slashed its full-year outlook. Telad...
Opinion: Why I don’t want bitcoin in my 401(k)
Hooray! At long last, the company managing my 401(k) plan will allow me to bet up to 20% of my retirement funds on a digital Ponzi scheme that generates no income and has no practical use. Fidelity In...
Saudi Royals Are Selling Homes, Yachts and Art as Crown Prince Cuts Income
RIYADH, Saudi Arabia—Saudi princes have sold more than $600 million worth of real estate, yachts and artwork in the U.S. and Europe since the kingdom’s de facto ruler tightened the purse strings of th...
Tesla stockholders ask judge to silence Elon Musk in ‘funding secured’ fraud case
DETROIT — A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case. Lawyers for s...
Ex-UBS Advisor Pleads Guilty to Fraud That Funded Multiple Romances
An ex- UBS advisor pleaded guilty in a federal court in Miami to defrauding clients of more than $5 million, the Justice Department said. German Nino, who was charged earlier this year, entered a plea...
You Made $700 From an Online Side Hustle. Now the IRS Will Know.
Now that your 2021 taxes are done—or at least under way—it’s time to focus on a key tax change for 2022 affecting millions of Americans making money through platforms like eBay , Etsy , Airbnb , Venmo...
A retired nurse lost $43,000 to bitcoin — watch out for red flags online
A New York retired nurse lost $43,000 of her life savings to bitcoin scammers, after transferring the money to them through a malicious computer pop-up – an unfortunate reminder to be vigilant when it...
Wells Fargo to Pay to Settle Lawsuit Over Its 401(k) Plan
Wells Fargo has agreed to pay $32.5 million to settle a two-year-old case involving alleged self-dealing with the company’s 401(k) plan. Wells Fargo, which had previously sought to dismiss the lawsuit...
Deutsche Bank Must Face Lawsuits Alleging It Enabled Ponzi Scheme
Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank AG for allegedly ignoring warnings that it was helping finance a real-estate-linked Ponzi scheme...
Bitcoin Prices Steady After Crypto Heist. A Prominent Whale Is Getting Bigger.
Text size Bitcoin prices have held onto recent gains. Rutmer Visser/Dreamstime Bitcoin and other cryptocurrencies were mostly steady on Wednesday, holding onto recent gains and shaking off pressure on...
Freed Huawei Finance Chief Meng Wanzhou Returns to Company Spotlight
HONG KONG—Months after returning home to a hero’s welcome in China, Huawei Technologies Co. finance chief Meng Wanzhou was back in the spotlight Monday: This time, she was in more familiar surrounding...
Credit Suisse Warns of $500 Million Hit From Billionaire’s Lawsuit
Credit Suisse CS 0.49% Group AG is expected to pay around $500 million after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money. Credit Suisse has spent years...
FAA Official Testifies Former Boeing Pilot Lied About 737 MAX
FORT WORTH, Texas—A Federal Aviation Administration training specialist said a former Boeing Co. BA -3.59% pilot lied to her about how a 737 MAX flight-control system worked before two of the jets cra...
Amazon Loses Round One of Indian Retail Battle Royale
Amazon AMZN 0.15% is staring at an embarrassing defeat after fighting a drawn-out legal battle to block India’s most valuable firm, Reliance Industries, 500325 -0.50% from buying the country’s number ...
Former Apple employee charged with defrauding $10 million
A former Apple employee has been charged with defrauding the tech giant out of more than $10 million by taking kickbacks, stealing equipment and laundering money, federal prosecutors said. Dhirendra P...
‘Not the Best Look From Vanguard’: Community Conversations
Readers can’t get enough of a story about a lawsuit filed against the indexing giant. In fact, the story generated record traffic for Barron’s Advisor (in less than 48 hours). Other stories that are s...
Chris Cuomo Demands at Least $125 Million in Arbitration With CNN
Former CNN anchor Chris Cuomo is seeking at least $125 million from his old employer, claiming the network wrongfully terminated him and smeared his journalistic integrity in the process. Mr. Cuomo co...
Investors Sue Vanguard After Target Date Funds’ Big Tax Bill
Three investors are suing Vanguard Group for alleged negligence and breach of fiduciary duty, saying that changes the company made to target date retirement funds resulted in “massive tax bills” for i...
Oil suffers ‘spectacular’ collapse, falls into bear market territory just 5 days after settling at nearly 14-year highs
U.S. and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad R...
What a Russia debt default would mean for financial markets as Ukraine invasion continues
The threat of a Russian default on sovereign debt is seen near, but investors so far aren’t panicking over any potential hit to global financial markets. “While a default would be symbolic, it seems u...
Tencent Stock Sinks on Report of Record Money-Laundering Fine
Text size Tencent headquarters in the southern Chinese city of Shenzhen, in Guangdong province. Noel Celis/AFP via Getty Images Tencent Holdings dropped almost 10% after The Wall Street Journal report...
Opinion: Sanctioning Russia is a masterstroke that will cement the dollar’s dominant role in world affairs
LONDON (Project Syndicate)— The savage fighting in Ukraine has led many to wonder whether Russian President Vladimir Putin’s supposed strategic brilliance is all that it was chalked up to be. Though P...