The agency charged Justin Sun with violations of securities law in a scheme involving the actress Lindsay Lohan and other celebrities. Story Published at: March 22, 2023 at 11:16PM Continue Reading…
Crypto Entrepreneur and Celebrity Promoters Face S.E.C. Charges
Exiled Chinese Billionaire Charged in New York With Financial Conspiracy
Guo Wengui, a fugitive financier and associate of Steve Bannon, is accused by federal prosecutors of engaging in a complex scheme to bilk thousands of online followers. Story Published at: March 15, 2023 at 03:08PM Continue Reading…
Government Cracks Down on Crypto Industry With Flurry of Actions
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…
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…
McDonald’s Former C.E.O. Pays for a Workplace Scandal
The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019. Story Published at: January 10, 2023 at 01:24PM 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…
The Week in Business: The FTX Founder’s Rapid Fall
Elon Musk suspends several journalists’ Twitter accounts, then reinstates them. The Fed is continuing to raise interest rates. And inflation is affecting the mind-set of holiday shoppers. Story Published at: December 18, 2022 at 12:00PM Continue Reading…
Lawmakers to Push for Answers Despite Bankman-Fried’s Arrest
Representative Maxine Waters said the charges against Bankman-Friend “denies the public” the opportunity to get answers. Story Published at: December 13, 2022 at 05:08PM Continue Reading…
Prosecutors Charge That FTX Was Engaged in Fraud From the Beginning
A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire. Story Published at: December 13, 2022 at 04:02PM Continue Reading…
S.E.C. Charges Sam Bankman-Fried With Defrauding FTX Investors
The founder of the collapsed crypto exchange was accused of “orchestrating a scheme to defraud equity investors” who put more than $1.8 billion into the company. Story Published at: December 13, 2022 at 11:59AM Continue Reading…