Daily Archives: January 19, 2023, 12:31 pm

SEC Awards Approximately $18 Million to Three Whistleblowers

The Securities and Exchange Commission today announced three awards totaling approximately $18 million to three whistleblowers whose information and assistance led to a successful enforcement action. The first whistleblower provided the SEC with detailed and significant information that led to the opening of an investigation into a fraudulent scheme. This whistleblower’s information and assistance saved considerable staff time and resources,…

Read More

Bitzlato owner Anatoly Legkodymov arrested, charged with financial crimes – The Washington Post

U.S. law enforcement officials have arrested the Russian owner of a cryptocurrency exchange for allegedly failing to implement required anti-money-laundering safeguards, enabling criminals who used the platform to traffic drugs and steal people’s money and identities, the Justice Department said. Anatoly Legkodymov — the 40-year-old majority owner of Bitzlato — was arrested in Miami on Tuesday evening and has been…

Read More

Statement on Jury’s Verdict in Trial of Bernard Findley and Halitron Inc

After a seven-day trial, a jury in the United States District Court for the District of Connecticut found Bernard Findley and Halitron Inc, liable for securities fraud in connection with their false and misleading statements in press releases as part of a scheme to defraud investors. “We are pleased with the jury verdict holding Bernard Findley and Halitron, Inc., liable for…

Read More

Elon Musk Trial Opens to Debate Over Nature of Tesla Tweets – WSJ

“His lies caused regular people like Glen Littleton to lose millions and millions of dollars,” Nicholas Porritt, an attorney for Mr. Littleton, said of Mr. Musk during opening statements Wednesday. Alex Spiro, an attorney for the defendants, described Mr. Musk’s tweets as shorthand and “funding secured” as a throwaway term that, while technically inaccurate, didn’t differ enough from the actual…

Read More

FTX Founder Sam Bankman-Fried Gamed Markets, Crypto Rivals Say – The New York Times

In Sam Bankman-Fried’s quest to keep his cryptocurrency empire looking profitable, the disgraced founder of FTX often promoted newfangled digital currencies that crypto aficionados came to call “Samcoins.” Mr. Bankman-Fried wooed the developers of these new coins with names like Serum and Maps, insisting that they make their trading debuts on the FTX exchange. Then his hedge fund, Alameda Research,…

Read More