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Tuesday, November 30, 2021

Shipchain, Founded by John Monarch, Gets Shutdown via SEC Enforcement Action

🚨 Alert 3/7/21🚨  John Monarch, who is facing trial for his alleged role in a bitcoin blackmail scheme, blames Illya Shpetrik, aka Ilya BLT,...

Electronic Arts class-action suit — are loot boxes gambling or gaming?

The Aug. 13 class-action lawsuit (Kevin Ramirez vs Electronic Arts) reflects the still unanswered questions about online game loot boxes in the U.S. and...

Dragoneer Growth Opportunities raised $600M in IPO

Dragoneer Growth Opportunities, a newly formed SPAC, raised $600 million in its IPO, offering 60 million units at $10. Each unit consists of one share of...

Is it legal to pay ransomware ransoms?

Ransomware attacks have become more sophisticated and widespread, affecting almost everyone from large corporations, small and medium-sized businesses, government agencies, non-profit organizations, hospital systems...
insider trading

Gene Levoff denied motion to dismiss, will face insider trading charges

The U.S. District Court for New Jersey shot down Gene Levoff’s motion to dismiss his indictment on Wednesday. He will face charges for insider...

Citigroup sues for breach of contract over $900 million loan error

Citigroup scored a victory in the form of a temporary court order freezing $175 million that Brigade Capital Management failed to return to the...

Nikola Founder Trevor Milton denies allegations of fraud amid GM merger and SEC, DOJ...

The stock of Nikola Motor Corporation (NKLA: NASDAQ), the electro-hydrogen car start-up, has been on a wild ride for the last week. The company's...

DOJ charges 345 people involve in more than $6 billion healthcare fraud

The Department of Justice (DOJ) charged 345 people, including doctors,  nurses, and a variety of medical professionals allegedly involved in more than $6 billion in...
uBiome founders face fraud charges

SEC stops fraudulent offering by Coral Gables Asset Management

The Securities and Exchange Commission (SEC) stopped an allegedly ongoing fraudulent offering by Coral Gables Asset Management and its sole owner, David Coggins. Last week,...
Andrew Franzone, fomer race car team owner faces fraud charges

Joseph Taub pleaded guilty to $17M market manipulation scheme

Joseph Taub, New Jersey-based securities trader, pleaded guilty today to orchestrating a massive, long-standing market manipulation scheme. He also admitted to tax fraud that...

Must Read

Missouri Judge Stops Biden’s Vaccine Mandate for Healthcare Workers

Joe Biden's push for COVID vaccine mandates on Americans is facing historic levels of pushback. Business groups, religious bodies, and multiple states across the...