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Financial Investigations January 26, 2021

LendUp Loans to Pay $1.25 Million for Violating Military Lending Act (MLA)

LendUp Loans, LLC agreed to pay a total of $1.25 million in civil penalties and monetary relief to settle a lawsuit filed by the Consumer Financial Protection Bureau (CFPB) in…

By – Marivic Cabural Summers
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Financial Investigations January 25, 2021
Court Orders Sanctuary Belize Scam Ringleaders to Pay $120.M to FTC

A federal district court entered a final order approving a huge amount of financial judgment against the Sanctuary…

By Marivic Cabural Summers
Financial Investigations January 25, 2021
Indian Crypto Exchange BuyUCoin Suffers Data Breach, 325K Users Affected

BuyUCoin, a cryptocurrency exchange based in India, suffered a massive data breach affecting thousands of users. The startup’s…

By Rochdi Rais
Financial Investigations January 24, 2021
GameStop Parabolic Surge: A Battle Between Bulls and Short-Sellers

The stock price of  GameStop Corp (NASDAQ: GME) rose to over 78% on Friday, reaching an all-time high…

By Rochdi Rais
Financial Investigations January 22, 2021
New York Ticket Brokers Sued by FTC, Faces More Than $31M Civil Penalties

Three New York-based ticket brokers are facing more than $31 million in civil penalties after the Federal Trade…

By Marivic Cabural Summers
Financial Investigations January 20, 2021
Jack Ma Reappears, Ends Rumors About His Plight; Alibaba Stock Soars

Chinese tech billionaire Jack Ma, the founder of Alibaba and Ant Group, resurfaced in a new video after…

By Rochdi Rais
Financial Investigations January 15, 2021
Coinnest CEO Kim Ik-hwan sentenced to jail for receiving bribery in Bitcoin

The Supreme Court of South Korea sentenced the CEO of the now-defunct cryptocurrency exchange Coinnest to jail and…

By Rochdi Rais
Financial Investigations January 13, 2021
Mastermind behind “GemCoin” crypto scheme sentenced to 10 years in prison

The mastermind behind the “epic proportions” GemCoin crypto scheme has been sentenced to 10 years in federal prison,…

By Rochdi Rais
Financial Investigations January 13, 2021
Boeing’s Insitu to pay $25M to settle U.S. complaint over parts for military drones

Boeing-owned drone maker Insitu Inc. agreed to pay $25 million to settle allegations that it used recycled parts…

By Dee Dulfo
Financial Investigations January 13, 2021
Approximately $140B worth of Bitcoin lost or inaccessible to owners

There are 18.5 million Bitcoin (BTC) in existence and one-fifth or 20 percent of that number, approximately worth…

By Rochdi Rais
Financial Investigations January 11, 2021
Parler files lawsuit to stop Amazon from shutting down its life support

Parler sued Amazon Web Services (AWS), a subsidiary of Amazon.com (NASDAQ: AMZN) on Monday following the suspension of…

By Rochdi Rais

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