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Thursday, May 26, 2022
IIG Managing Partner pleads guilty to Ponzi-like scheme

Former IIG Managing Partner David Hu gets 12 years jail time for defrauding $120...

David Hu, the former managing partner of International Investment Group (IIG) was sentenced to 12 years in prison for his role in defrauding investors...
sec, doj 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...
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...

Robinhood discloses new regulatory investigations ahead of IPO

Robinhood Markets Inc, the online trading platform operator, is facing new regulatory investigations ahead of its initial public offering (IPO) on Thursday. In a regulatory...

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...

Porsche joins the Space Race

Carmaker Porsche SE, the German multinational corporation which includes Volkswagen has now jumped into the Space Race. It is the latest mega investor to...

Robinhood IPO: Free-trader pioneer has assets of $80 Billion

In what may be the most high-profile initial public offering this year, Robinhood Markets, Inc. filed an IPO on Thursday.  Its rapid growth is...

Did Satoshi Nakamoto win dispute over 50 billion bitcoin?

Australian computer scientist, Dr. Craig Wright, claiming to be the inventor of Bitcoin, prevailed in a Florida federal court case against the family of...
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...

Branson’s Virgin Hyperloop layoffs, shifting to cargo-only transport  

This week Virgin Hyperloop confirmed it has laid off half its employees and is abandoning development plans for a passenger transit system.  Staff was cut...

Must Read

Ukraine will counterattack, as Russia loses ground

The Ukrayinska Pravda published an online interview of Ukrainian intelligence head Krylo Budanov. The intel chief said that Russia is suffering massive losses. And...