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Tuesday, July 7, 2020

The Feds Catch Up with $4 Million Family Extortion Scheme

Keeping It In the Family Five members of a family receive indictments alleging complicity in a $4 million extortion and money laundering scheme. In addition,...

Telegram Open Network (TON) System Participants Slam SEC Lawsuit Stopping Digital Coin Offering

A Foundation composed of Telegram Open Network (TON) system participants including computer scientists, blockchain developers, programmers, and validators among others condemned the lawsuit filed...
Covid-19 false claims

FTC bans payment processors for allegedly helping scammers defraud consumers

The Federal Trade Commission (FTC) and the State Ohio is permanently prohibiting two companies and their owners from processing payments due to their involvement...

Cloud Communications Executives Charged by SEC for Misleading Revenue Projections

A cloud communications company and two executives have been charged by the Securities and Exchange Commission with providing misleading quarterly revenue estimates. The company...

Sweepstakes Scam Operators Settles FTC Charges, Forfeit $30 Million

  The Federal Trade Commission (FTC) announced that the operators of a sweepstakes scam agreed to settle the charges against them. As part of the settlement,...

USA Herald Initiating Coverage on legal actions taken against ICOs (Initial Coin Offerings)

Over the past 2 years, investors in Initial Coin Offerings such as Kik have lost millions, perhaps even billions.   As what might go...

FTC sues Online Trading Academy (OTA) for allegedly making false earnings claims

The Federal Trade Commission (FTC) filed a lawsuit against OTA Franchise Corp, Newport Exchange Holdings and NEH Services collectively operating under the name Online...
Judge Wallace Tashima

Judge: Arizona Education Dept. Cannot Enforce Ban on Ethnic Studies

A federal judge prohibited the Arizona Department of Education from enforcing a  2010 law that bans ethnic studies. The Arizona Revised Statutes Title 15-112 prohibits...

Nectar Brand LLC Settles False Claims That Products Are Made in USA

California company Nectar Brand, LLC settled claims levied by the FTC over their mattresses. Nectar Brand, LLC claimed that their mattresses were assembled in...
South Korea investigating cryptocurrency insider trading

South Korea Investigating Cryptocurrency Insider Trading

The financial regulator in South Korea is investigating its staff involved in cryptocurrency insider trading. Last week, the South Korean government announced that it is...

Must Read

The economic impact of the COVID-19 pandemic

According to a report by the Congressional Research Service, the COVID-19 pandemic is " negatively affecting global economic growth beyond anything experienced in nearly...