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Wednesday, October 27, 2021

Trump-linked SPAC Truth Social soars over 400% on opening day

Wednesday night, former President Donald Trump announced his new social media network.  Trump says Truth Social will “stand up to the tyranny of Big...
Credit Suisse

Credit Suisse to pay $475 million to settle fraud charges related to Mozambique loan

Credit Suisse Group AG (NYSE: CS) agreed to pay $475 million to settle fraud charges in connection with the financing of a multimillion-dollar loan...
Bitfinex

CFTC imposes $1.5 million fine against Bitfinex over illegal transactions

The Commodity Futures Trading Commission (CFTC) ordered Bitfinex to pay a penalty of $1.5 million for offering and executing illegal off-exchange financed retail commodity...
Tether

Tether to pay $41 million penalty over false claims about USDT stablecoin

The Commodity Futures Trading Commission (CFTC) ordered Tether to pay a civil monetary penalty of $41 million for making false or misleading statements and...

Joaquin Altenberg must pay $1.72 million in legal fees for egregious fraud and misrepresentation

Joaquin Altenberg was made liable for $1.72 million in plaintiffs' legal fees, plus interest based on a court finding of "egregious fraud and misrepresentation"...
federal lawsuit

Stock hijackers Mark Miller, Christopher Rajkaran plead guilty to pump-and-dump scheme

Two stock hijackers pleaded guilty to committing securities fraud by engaging in an illegal pump-and-dump scheme. On Thursday, Acting U.S. Attorney W. Anders Folk of...
federal lawsuit

CanaFarma, co-founders Vitaly Fargesen and Igor Palatnik charged with securities fraud

CanaFarma Hemp Products Corp. and its co-founders Vitaly Fargesen and Igor Palatnik are facing civil and criminal charges for allegedly committing securities fraud and...
GameStop

SEC charges individuals engage in fraudulent options-trading of “meme stocks”

The U.S. Securities and Exchange Commission (SEC) sued two individuals engaged in  fraudulent wash trading of so-called "meme stocks." Wash trading is a market manipulation...
Securities and Exchange Commission vs Nasdaq

SEC busted a father and son microcap fraud scheme

The U.S. Securities and Exchange Commission (SEC) stopped a transatlantic microcap fraud scheme operated by a father and son and their associates. On Thursday, the...
Twitter Troll Douglas Mackley charged with election interference

Twitter to pay $809.5 million to settle securities fraud class-action lawsuit

Twitter Inc (NYSE: TWTR) agreed to pay $809.5 million to settle a consolidated class-action lawsuit filed by shareholders alleging that it committed securities fraud....

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The ARDD Team

How Artificial Intelligence is Changing Algeria and 3rd World Countries

Artificial intelligence (AI) is making a global impact. The technology is being used by third-world countries to solve real-world problems and young entrepreneurs are...