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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedIn$1.1B in cryptocurrency was stolen this year, and it was easy to do
Roughly $1.1 billion worth of cryptocurrency was stolen in the first half of 2018, and unfortunately for owners, it’s pretty easy to do, according to cybersecurity company Carbon Black. Criminals use what’s known as the dark web to facilitate large-scale cryptocurrency theft. There are now an estimated 12,000 marketplaces and 34,000 offerings related to cryptotheft […]
Wall Street’s Top Cop Chases Loose Change – Bloomberg
But 13 months in, Clayton’s SEC appears to be giving quality short shrift, at least as measured by the settlements it is reaching. According to a recent, previously unreported study conducted by Urska Velikonja, a professor of law at Georgetown University, the SEC’s monetary punishments plunged 93 percent in the period from October 2017 to March 2018 — the first […]
Serious Fraud Office: Boost to Coffers Is Vote of Confidence | The Anticorruption Blog
The UK’s Serious Fraud Office (“SFO”) recently received an unexpected, yet significant, increase in baseline funding for the 2018-2019 fiscal year. The funding boost comes in spite of Prime Minister Theresa May’s previous efforts, following several high-profile prosecutorial setbacks for the SFO, to fold it into the UK’s National Crime Agency (“NCA”). Relatedly, a new […]
SEC ‘underwhelmed’ by rate of cryptocurrency exchanges self-reporting
The Securities and Exchange Commission has made it clear that ICOs are securities by its standards and that exchanges trading those assets need to register with the agency. Yet one director said he is surprised by the lack of self-reporting. “We’re underwhelmed by the enthusiasm for coming within the regulatory structure right now,” Brett Redfearn, […]
London law firms go on hiring spree for white-collar crime experts
After decades of being overshadowed by their corporate colleagues, white-collar crime lawyers are now among the most sought-after hires at London’s top firms. Louise Hodges, head of the white-collar crime practice at Kingsley Napley, said “the headhunters are very busy”, while Jonathan Pickworth, a partner at US firm White & Case, described the sector as […]
June 29 Webcast: Financial Statements 101 — Emerging Trends and Accounting Principles for Lawyers
Please join Jeff Litvak and Jason Tolmaire for this free webcast.