Investors were deceived by artificial trading volume and price manipulation. The Securities and Exchange Commission (SEC) filed fraud charges against three companies and nine individuals for engaging in…
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SEC Charges Hacker for Insider Trading on Stolen Earnings Data
A U.K. citizen used sophisticated technology to hide his identity. The U.S. Securities and Exchange Commission (SEC) has charged a U.K. citizen for hacking into the computer systems…
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Supreme Court Agrees to Nvidia Class Action Appeal
The company calls allegations of misleading revenue statements “speculative litigation.” The Supreme Court agreed to hear an appeal filed by Nvidia, which claimed that a revived class action…
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FTC Reports Surge in Scams Impersonating Major Companies
Consumers have been defrauded by impersonators of Microsoft, Publishers Clearing House, Amazon, Best Buy, and PayPal. The Federal Trade Commission (FTC) has finalized a new rule on government…
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Justice Department Arrests Suspects in Cryptocurrency Money Laundering Case
Two Chinese nationals funneled $73 million through various shell companies The Department of Justice (DOJ) has unsealed an indictment charging two Chinese nationals of defrauding and laundering at…
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DOJ Charges American Brothers with Cryptocurrency Fraud
Former MIT students allegedly accessed $25 million from Ethereum transactions. Federal prosecutors arrested two brothers this past week, charging them with attempting to commit wire fraud and money…
Read MoreSEC Warns Crypto Broker of Possible Infractions
Brokerage companies claim cryptocurrency is not a security. The Securities and Exchange Commission (SEC) sent a “Wells notice” to Robinhood, a retailer securities broker. The document warned of…
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FTC Announces Settlement Requirements in Data Breach
The South Carolina-based company must delete unnecessary data and increase security measures. The Federal Trade Commission has reached a settlement with Blackbaud, Inc., over charges that inadequate security…
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Justice Department Issues Indictments Over Fentanyl
Indictments charge Chinese companies and their employees. Attorney General Merrick Garland announced eight indictments charging China-based companies and twelve against Chinese nationals with crimes relating to the production…
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Cryptocurrency Company Settles with FTC
Celsius Network used customer funds for operational purposes and high-risk investments. The Federal Trade Commission (FTC) has reached a settlement with cryptocurrency platform Celsius Network, which permanently bans…
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