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Sunday, June 26, 2022
lawsuit-settlement

Allianz Global Investors U.S. to Pay $6 Billion to Settle Fraud Charges

Allianz Global Investors U.S. (AGI US) agreed to settle the civil and criminal charges filed by the Securities and Exchange Commission (SEC) and the...

TikTok-Oracle deal originally directed by Trump may be happening

The TikTok-Oracle deal requires hosting U.S. users' information without giving its Chinese parent ByteDance access is finally agreed upon. The agreement comes over two...

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...
Tesla Model 3 at Hertz airport location

Hertz invests big in electric vehicle rental fleet; orders 100K Tesla EVs

Hertz Corporation is ordering 100,000 electric vehicles (EVs) from Tesla Inc (NASDAQ: TSLA) by the end of 2022 and new EV charging infrastructure across...
Ponzi scheme

SEC Charges Entities Behind A Nearly $450 million Ponzi Scheme

The Securities and Exchange Commission (SEC) filed a lawsuit against individuals and companies responsible for the nearly $50 million Ponzi scheme involving purported personal...

Warren Buffett “all-in” on Microsoft Activision Blizzard Deal 

Warren Buffett, CEO of Berkshire Hathaway has become ultra-wealthy because he is perhaps the most successful investor of all time. And the market is...
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...

Robinhood (HOOD) falls 27.59% after shareholders disclose to sell 97.9M shares

The stock price of Robinhood Markets (NASDAQ: HOOD) dropped significantly on Thursday after its existing shareholders disclosed that they are selling 97.9 million shares. The...
Akazoo settles fraud charges

Music streaming company Akazoo to pay $38.8 million to settle fraud charges

Akazoo S.A., a purpoted music streaming company based in Greece, agreed to pay $38.8 million to settle a lawsuit filed by the U.S. Securities...
SEC Order unregistered ICO

GTV, Saraca, and Voice of Guo media companies to pay $539M to settle SEC...

The Securities and Exchange Commission (SEC) announced that the three media companies facing charges for conducting illegal securities offerings agreed to settle. GTV Media Group...

Must Read

Federal Aviation Administration Now Blamed For Air Travel Issues

Air travel problems that impede flights' abilities to proceed as planned have been a major hardship as of late. This is especially an issue...