Daily Archives: January 5, 2023, 1:23 pm

Attorney General James Sues Former CEO of Celsius Cryptocurrency Platform for Defrauding Investors | New York State Attorney General

New York Attorney General Letitia James today filed a lawsuit against Alex Mashinsky, a co-founder and former CEO of cryptocurrency lending platform Celsius Network LLC and its related entities (Celsius), for defrauding hundreds of thousands of investors, including more than 26,000 New Yorkers, out of billions of dollars worth of cryptocurrency. The lawsuit alleges that Mashinsky repeatedly made false and…

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FTX’s former top lawyer aided U.S. authorities in Bankman-Fried case | Reuters

FTX’s former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm’s collapse, a source familiar with the matter said, adding pressure on founder Sam Bankman-Fried who was arrested on criminal fraud charges last month. Friedberg gave details about FTX in a Nov. 22 meeting with two dozen investigators, the person said. The meeting, held…

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SEC Charges Creator of CoinDeal Crypto Scheme and Seven Others in Connection with $45 Million Fraud

According to the SEC’s complaint filed in the U.S. District Court for the Eastern District of Michigan, Chandran, Davidson, Glaspie, Knott, and Mossel falsely claimed that investors could generate extravagant returns by investing in a blockchain technology called CoinDeal that would be sold for trillions of dollars to a group of prominent and wealthy buyers. From at least January 2019…

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Market-Trading Surge Before US CPI Inflation Report Was ‘Extremely Unusual’ – Bloomberg

New analysis highlights just how unusual the surge in trading of US Treasuries was last month, just a minute before the release of closely watched inflation data. The trading volume for 10-year Treasury note futures during the 60 seconds before the Dec. 13 release of November’s consumer price index was more than three times greater than in any minute immediately…

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Lewis Brisbois Boosts SEC Regulatory Enforcement, Securities Litigation Capabilities with Addition of Accomplished Former SEC Litigator

Lewis Brisbois is pleased to welcome accomplished former SEC litigator and trial attorney Paul W. Kisslinger to its Washington, D.C. office as chair of the firm’s newly established SEC Enforcement & Litigation Practice. Mr. Kisslinger’s other practice areas will include Complex Business & Commercial Litigation, Securities and Corporate Finance, Government Investigations and White Collar Defense, Government Relations, and Sustainability &…

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FTX prompts surge in influencer, citizen journalism on Twitter, Substack – The Washington Post

The story of how Sam Bankman-Fried, the 30-year-old founder of the crypto exchange FTX, misused billions of dollars while charming the media and becoming a darling of Washington, hasn’t upended just the crypto ecosystem. It has also served as a watershed moment for the business-news landscape, making a group of internet influencers go-to sources for people hungering for news of…

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The Biggest Criminal and Civil Trials Coming to London in 2023 – Bloomberg

Insider Dealing Trial of Ex-Goldman Analyst — November 2023 A former Goldman Sachs Group Inc. analyst and his brother, an ex-lawyer at top London law firm Clifford Chance, stand accused of insider trading. Mohammed Zina and Suhail Zina, were charged over trading in six stocks and prosecutors allege that the insider trades came from within Goldman Sachs. The brothers have…

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