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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Charges CEO and President of Synergy Settlement Services with Fraudulent Operation of Special Needs Pooled Trusts
The SEC alleges that Lazarus and Prieto formed the Foundation for Those with Special Needs, Inc. as a non-profit company to “assist personal injury victims with special needs.” The defendants, however, concealed from the beneficiaries, the Internal Revenue Service, and the Social Security Administration that they diverted at least $775,000 in trustee and joinder fees […]
Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin
“If you said… for a 1% interest in all the farmland in the United States, pay our group $25 billion, I’ll write you a check this afternoon,” Buffett said. ”[For] $25 billion I now own 1% of the farmland. [If] you offer me 1% of all the apartment houses in the country and you want […]
Crypto industry would get overseen by the CFTC, its preferred regulator, under new bill – The Washington Post
As Washington policymakers wrangle over how to oversee cryptocurrency, a new bipartisan proposal would give the rapidly expanding sector a victory by handing authority to the Commodity Futures Trading Commission (CFTC), seen by the industry as a more benevolent regulator. The bill — introduced Thursday by Republican Reps. Glenn Thompson (Pa.) and Tom Emmer (Minn.) […]