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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInMicrocap Company CEO Convicted Of Securities Fraud For Falsely Claiming Millions In Revenue From Contracts With Foreign Countries | USAO-NJ | Department of Justice
The chief executive officer of a publicly traded microcap company was convicted at trial for orchestrating a multi-million securities fraud scheme using false reports with the U.S. Securities and Exchange Commission, U.S. Attorney Craig Carpenito announced today. Cary Lee Peterson, 38, of Phoenix, Arizona, was found guilty of all three counts of an indictment charging […]
Former Armenian Ambassador and a Russian National Charged in Foreign Bribery and Money Laundering Scheme | OPA | Department of Justice
Two employees of an international engineering consulting firm were charged in a superseding indictment filed today for their alleged participation in a scheme to launder bribe payments to foreign government officials for the benefit of a Columbus, Ohio-based subsidiary of Rolls-Royce plc, to secure a contract to supply equipment and services to power a gas […]
Jennifer Aniston? Prince Charles? Why the Crypto-Enforcement Onslaught by U.S. State Regulators Has Only Just Begun | LinkedIn
While admittedly outrageous and almost laughable, the Wind Wide Coin case conveys far more than a message about the perils of identity theft and cryptocurrency fraud. Wind Wide Coin, and a slew of other prosecutions and enforcement actions brought by Texas and other U.S. states, have put crypto-promotors on notice: Move over SEC, FinCEN, CFTC, […]
Bitcoin tumbles after report says Justice Department launching price-manipulation probe – MarketWatch
Digital currencies were pummeled Thursday, with bitcoin slipping below a psychologically significant level below $8,000. Bitcoin BTCUSD, -0.80% fell after Bloomberg reported that the Justice Department has launched a criminal investigation into potential price manipulation of bitcoin and other popular digital currencies. via Bitcoin tumbles after report says Justice Department launching price-manipulation probe – MarketWatch.
Digital Coin Offering Proposals Improving, SEC Official Says | Bloomberg Law
The SEC has seen higher-quality proposals for initial coin offerings as its officials have talked with more regulation-savvy advocates for the digital fundraising tools in the past few months, an agency official said May 23. Entrepreneurs behind ICOs now often are using regulatory lawyers who can help them have better interactions with the Securities and […]
Leon Cooperman: Two changes that could help fix the regulatory process
My suggestions: first, that when the government sues an individual or firm and loses in court or before a regulatory tribunal, the government reimburse its target’s legal expenses to the extent not covered by insurance (just as we, as taxpayers, already foot the government’s bills); and second, that in cases like mine, once the dust […]
The Rise of the Private Cryptocurrency Plaintiff? – Lexology
It is likely that private plaintiffs and plaintiff firms will continue to bring lawsuits regarding ICOs, in particular if plaintiffs start to have some success in any of the already-filed lawsuits. Plaintiff firms are actively advertising that they are investigating potential claims related to certain ICOs and are urging investors in those ICOs to contact […]
Statement on NASAA’s Announcement of Enforcement Sweep Targeting Fraudulent ICOs and Crypto-asset Investment Products — SEC
I applaud our fellow regulators in the United States and Canada who are coordinating and participating in efforts to police fraud in the Initial Coin Offering (ICO) markets. These state and provincial regulators play a critical role in protecting Main Street investors. When investors are offered and sold securities, whether through traditional channels or through […]
Ben Singer, Former Head of DOJ Securities and Health Care Fraud Units, To Join O’Melveny
O’Melveny today announced that Benjamin D. Singer, a former senior prosecutor in the Justice Department’s Criminal Division, is joining the firm as a partner in its White Collar Defense & Corporate Investigations practice…. via Ben Singer, Former Head of DOJ Securities and Health Care Fraud Units, To Join O’Melveny.
Speech — The Why Behind the No: Remarks at the 50th Annual Rocky Mountain Securities Conference
Enforcement is not an end goal for the Commission; it is a last resort in getting to that goal. Of course, this begs the question, “What is the end goal?” The end goal is fulfilling our mission—protecting investors, facilitating capital formation, and maintaining fair, orderly, and efficient markets.[7] As a regulatory agency, the Commission sets […]