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Friday, March 29, 2024
Edmond Chang Kickback Case

Edmond Chang Kickback Case: A Tangled Web of Deception and Greed

In a dramatic turn of events, a mistrial was declared by an Illinois federal judge in the high-stakes trial against a cunning business owner...
FTC-lawsuit-Kochava-geolocation data

B2G, Start Options promoter John DeMarr pleads guilty for role securities fraud

The promoter of foreign cryptocurrency companies B2G  and Start Options admitted his involvement in a multimillion-dollar scheme to defraud investors. On Friday, the U.S. Department...

McKinsey Affiliate MIO Partners to pay $18 million to settle compliance failure

MIO Partners, a subsidiary of McKinsey and a registered investment adviser, settled an enforcement action by the U.S. Securities and Exchange Commission (SEC) in...
BitMEX mobile

BitMEX to pay $100M to settle charges of illegally operating a cryptocurrency trading platform

BitMEX agreed to settle the charges filed by the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN) alleging that...

Evanston Insurance Loses Appeal in Sexual Assault Case: Duty to Defend Hospital Upheld

(USA Herald) - In 2019, a New Year’s Eve sexual assault of a patient at a Miami hospital’s mental health ward made headlines around...
FTC-lawsuit-Kochava-geolocation data

Fintech Investment Group, Compcoin to pay $1.8 million over fraudulent forex and digital asset...

Fintech Investment Group, Compcoin LLC, and its owner Alan Friedland were ordered to pay a total of $1.8 million for operating a fraudulent foreign...
JPMorgan

JPMorgan to pay $200 million to settle regulatory violations over its recordkeeping

JPMorgan agreed to pay a total of 200 million penalties to settle regulatory violations related to its widespread recordkeeping and supervision failures. On Friday, the...
FTC-lawsuit-Kochava-geolocation data

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...
debt forgiveness-FTC-online trading academy

FTC orders Online Trading Academy payment plans funder and servicer to offer debt forgiveness

The Federal Trade Commission (FTC) announced that the funder and servicer of Online Trading Academy (OTA) payment plans agreed to offer debt forgiveness to...
High Court Wont Touch BASF Workers Vax Bias Suit

High Court Won’t Touch BASF Worker’s Vax Bias Suit

In a pivotal decision, the U.S. Supreme Court has opted not to intervene in a lawsuit brought by a BASF Corp. engineer, Brian Chancey,...

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India must pay $132M Award To Deutsche Telekom

India must pay $132M Award To Deutsche Telekom

In a dramatic verdict, a D.C. federal judge has mandated India to pay Deutsche Telekom AG the staggering $132 million in dispute following a...