State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks. Story Published at: February 18, 2023 at 08:00AM Continue Reading…
Government Cracks Down on Crypto Industry With Flurry of Actions
FTX Inquiry Expands as Prosecutors Reach Out to Former Executives
Federal prosecutors in Manhattan are speaking with lawyers for former officials at the collapsed crypto exchange FTX and scrutinizing the immediate family of its founder, Sam Bankman-Fried. Story Published at: February 4, 2023 at 05:45PM Continue Reading…
A Short Seller Costs an Indian Giant Billions
The Adani Group, the Indian conglomerate run by Asia’s wealthiest man, has gone on the offensive to fight fraud allegations by an American investor. Story Published at: January 30, 2023 at 01:00PM Continue Reading…
Crypto Lender Nexo Is Fined $45 Million as Crackdown Widens
It’s the latest cryptocurrency company to draw scrutiny from regulators, who are seeking to rein in the industry after the collapse of FTX. Story Published at: January 19, 2023 at 10:36PM Continue Reading…
FTX Founder Gamed Markets, Crypto Rivals Say
Sam Bankman-Fried found ways to control the prices of digital coins to benefit his companies, FTX and Alameda, according to cryptocurrency investors. Story Published at: January 18, 2023 at 06:33PM Continue Reading…
Just How Common Is Corporate Fraud?
A new study estimates that on average 10 percent of public companies commit securities fraud each year. Story Published at: January 14, 2023 at 01:00PM Continue Reading…
The Week in Business: Who Comes After Elon Musk?
Mr. Musk said that he would resign as Twitter’s chief executive once he found a successor “foolish enough to take the job.” YouTube reaches deal for the rights to stream N.F.L.’s Sunday Ticket games. And Mark Zuckerberg appears in court in an anti… Story Published at: December 25, 2022 at 10:00AM Continue Reading…
Sam Bankman-Fried Released on $250 Million Bond With Restrictions
The disgraced cryptocurrency executive appeared in court in Manhattan after his extradition from the Bahamas last night. He was granted bail and will live with his parents in California. Story Published at: December 22, 2022 at 06:52PM Continue Reading…
Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws
The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance. Story Published at: December 22, 2022 at 08:03PM Continue Reading…
Sam Bankman-Fried, FTX’s Co-Founder, Is Increasingly Alone
Decisions by two senior associates to cooperate with government prosecutors raise the legal heat on the fallen crypto mogul. Story Published at: December 22, 2022 at 01:18PM Continue Reading…