Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInCoinbase Reaches $100 Million Settlement With New York Regulators – The New York Times
Coinbase, a publicly traded cryptocurrency trading exchange based in the United States, agreed to pay a $50 million fine after financial regulators found that it let customers open accounts without conducting sufficient background checks, in violation of anti-money-laundering laws. The settlement with the New York State Department of Financial Services, announced Wednesday, will also require […]
Former senior DOJ official expands Nixon Peabody’s Government Investigations & White-Collar Defense practice on the West Coast | Nixon Peabody LLP
Nixon Peabody LLP is pleased to announce that Christopher Grigg, a veteran federal prosecutor and former Los Angeles County deputy district attorney, has joined the global law firm as a partner in the Government Investigations & White-Collar Defense practice. Chris will be based in Los Angeles. Source: Former senior DOJ official expands Nixon Peabody’s Government Investigations […]
The Largest Class Action Settlements of 2022
In a remarkable year of class action activity, investors across the globe agreed to settlements totaling over $7.4 billion[1] in 2022, a greater than 75% increase from 2021…. *** Of the top ten U.S. settlements listed, three occurred in the Southern District of New York, while two occurred in the Northern District of California. Five […]
U.K.’s Top Crime Agency is Hiring a Crypto Investigator to Fight Fraud
The U.K.’s national agency for tackling organized crime plans to set up a specialized cryptocurrency and virtual assets team, according to a civil service job posting. Applicants for the position of “cryptocurrency investigator” are expected to “provide strategic and tactical advice” in investigations and have “strong experience” in running forensic blockchain investigations on serious and […]
Womble Bond Dickinson Adds Partner Harry H. Rimm, Establishes Business Litigation Presence in New York | Womble Bond Dickinson
Womble Bond Dickinson announced today that Harry H. Rimm has joined the firm as a partner in the Business Litigation group. A former Assistant U.S. Attorney, Rimm has significant trial experience and experience handling corporate internal investigations, federal criminal matters and federal regulatory matters. He also regularly represents companies and individuals in the defense of […]
It’s Time for Congress to Pass a Federal Virtual Currency Law
Recent events regarding FTX and other failed crypto enterprises amplify the need for the 118th Congress to take action by passing legislation to provide holistic federal oversight of the virtual currency market. This includes regulating market participants that engage in a virtual currency business from the US or with US persons. The Commodity Futures Trading […]
Crypto Manipulation Has Consequences – Bloomberg
Last week I wrote a postscript to “ The Crypto Story” for Bloomberg Businessweek. “One imperfect but useful way to think about crypto,” I wrote, “is that it allowed for the creation of a toy financial system.” A lot of people in crypto described it as a set of innovations that would have profound effects on the real […]
Crypto Collapse: Blockchain-ish Brands Decay in Brutal Echo of Dotcom Era – Bloomberg
The crypto collapse has made Blockchain a dirty word. Bitcoin miner Riot Blockchain Inc., once the poster child for rebranding designed to capture the investment zeitgeist, now wants to be known as Riot Platforms after a near-90% share-price fall in 2022. It’s a symbolic moment that attests to the B-word’s shift to curse from blessing on the […]
Netflix docuseries ‘Madoff: The Monster of Wall Street’ out Wednesday
Now, a new Netflix docuseries tells the rest of the story. According to Joe Berlinger, director of the four-part “Madoff: The Monster of Wall Street,” out Wednesday, Madoff had also been managing “a significant chunk” of money for international organized crime, That’s why the New York native, who died in jail in 2021 at the […]
Heatbit Is the First Space Heater That Mines Bitcoin, Founder Says
“Is it a gold mine? Does it make a lot of money quickly? No, definitely not,” said Alex Busarov, co-founder of Heatbit, during a CoinDesk interview. “Is it something that’s going to be quietly mining some [satoshis] for you? Well yeah, at some point it’s gonna pay off.” Heatbit looks like other high-end heaters. But […]