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SEC Charges Former Indiana Congressman with Insider Trading
According to the SEC’s complaint, after leaving Congress in 2011, Buyer formed a consulting firm, the Steve Buyer Group, which provided services to, among other clients, T-Mobile. In March 2018, Buyer attended a golf outing with a T-Mobile executive, from whom he learned about the company’s then nonpublic plan to acquire Sprint. Buyer began purchasing […]
SEC Files Multiple Insider Trading Actions Originating from the Market Abuse Unit’s Analysis and Detection Center
The Securities and Exchange Commission today filed insider trading charges against nine individuals in connection with three separate alleged schemes that together yielded more than $6.8 million in ill-gotten gains. Those charged include a former chief information security officer (CISO), an investment banker, and a former FBI trainee, all of whom allegedly shared confidential information […]
Texas GOP Aims to Enshrine Crypto in State’s Constitution
The Texas GOP platform calls for the state’s Bill of Rights to include a clause allowing citizens to own, hold and use whatever medium of exchange they choose, including digital currency. “The right of the people to own, hold and use a mutually agreed upon medium of exchange, including cash, coin, bullion, digital currency or […]
For crypto advice, thousands turn to BitBoy, a.k.a. Ben Armstrong – The Washington Post
Armstrong is a leading example of a crypto influencer. One-part media personality, one-part untrained investment adviser, the 39-year-old Georgia native wields significant power in the world of cryptocurrency investment, steering tip-hungry online trawlers to the latest token. In polished daily news-like feeds featuring a team of deputies and videos designed to go viral (in one, […]
Movie Producer Sentenced to Over 21 Years for Role in Film Financing Scheme | USAO-SDFL | Department of Justice
Yesterday, a federal district judge in South Florida sentenced a 44-year-old former actor and movie producer from Bartlesville, Oklahoma, to 262 months in prison for his role in a financing scheme that defrauded investors out of more than $60 million. The defendant, Jason Van Eman, also was ordered to pay certain victims over $9 million […]
Singapore’s Three Arrows Founders, En Route to Dubai, Describe ‘LTCM Moment’ – Bloomberg
After five weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion of their once high-flying hedge fund, saying their bungled crypto speculation unleashed cascading margin calls on loans that should never have been made. Su Zhu and Kyle Davies, both 35, first became friends in high school. They […]
Paul Pelosi’s questionable Wall Street windfall spurs bipartisan calls for stock trading ban | The Hill
Now more eyes are turning to Paul Pelosi, the House speaker’s husband. From a trading perspective, he’s like the real-life version of Gordon Gekko from the 1987 Oliver Stone classic “Wall Street.” His portfolio has substantially outperformed the S&P 500. In 2020 alone, a year when the stock market was as turbulent as in any year in recent […]