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...
SEC Stops Netflix Insider Trading Ring that Made $3M in Illegal Profits
The Securities and Exchange Commission (SEC) detected and stopped a Netflix insider trading ring that made more than three million in illegal profits.
On Wednesday,...
Scandal Insurance: Amidst P. Diddy’s Controversies, How Companies Are Shielding Themselves from Celebrity Misconduct
(USA Herald) - In the ever-evolving landscape of public relations, brands and businesses are increasingly turning to a specialized form of insurance to mitigate...
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...
Amazon Investment: Anthropic Receives $2.75 Billion Boost in AI Arms Race
The most recent Amazon investment in Anthropic, is doubling down on its commitment to generative AI. By injecting billions into Anthropic, an AI startup,...
Death of Angela Chao: Ongoing Criminal investigation, Not a Typical Accident
The circumstances surrounding the death of Angela Chao, 50, the CEO of Foremost Group, have raised the suspicions of law enforcement. Chao’s death is...
Ponzi Scheme: GPB Capital, CEO David Gentile Sued for Defrauding $1.7B from 17,000 Investors
The Securities and Exchange Commission (SEC) filed a lawsuit against GPB Capital and its CEO and owner, David Gentile for allegedly operating a Ponzi-like...
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...
Jury Awards Flo Rida $83M in Energy Drink-Celsius Contract Lawsuit
(USA Herald) - The verdict is in, and it's a big win for rapper Flo Rida. After a lengthy legal battle, a Florida state...
Must Read
Feds Challenge Texas’ Interpretation of Recent Supreme Court Decisions in SB...
Background of the Dispute
The U.S. Department of Justice has asserted that Texas' interpretation of two pivotal Supreme Court decisions does not apply in the...
