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 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...
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 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"...
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...
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...
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...
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 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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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...
