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Join the Securities Litigation and Enforcement Group on LinkedInGreenberg Traurig New Jersey Expands White Collar Defense and Litigation Capabilities with Addition of Kevin G. Walsh | Greenberg Traurig LLP
Global law firm Greenberg Traurig, LLP has expanded its White Collar Defense & Special Investigations and Litigation practices with the addition of Kevin G. Walsh as a shareholder in the New Jersey office. Walsh joins from Gibbons P.C., where he co-chaired that firm’s Government & Regulatory Affairs Group and was a member of its Executive Committee. […]
Do Kwon Charged With Fraud by US After Arrest in Montenegro – Bloomberg
Terraform Labs co-founder Do Kwon was charged by US prosecutors with orchestrating a yearslong cryptocurrency fraud that wiped out at least $40 billion in market value. His indictment Thursday evening by the US attorney’s office in Manhattan capped a dramatic day that began with the news that Kwon, already a fugitive from charges in his […]
Do Kwon TerraUSD Creator Arrested in Montenegro, Charged With Fraud – Bloomberg
Terraform Labs co-founder Do Kwon, who presided over a more than $40 billion cryptocurrency implosion last year, was arrested in Montenegro and charged with fraud by US prosecutors. The developments came just over a month after the US Securities and Exchange Commission sued the 31-year-old as well as Terraform Labs. It is unclear whether his […]
Redwire Must Face Investors’ ‘Tone at the Top’ Securities Suit
Redwire Corp. investors can move forward with a relatively novel securities fraud suit alleging some senior officers set a problematic tone about the space tech company’s internal controls. Investors argue that Redwire was plagued by a “tone at the top problem,” referring to management’s attitude toward internal controls and ethics. Investors said they would’ve realized […]
The SEC Is Coming for Coinbase – Bloomberg
On the other hand I think that the SEC’s response is straightforward and obvious: There absolutely are existing, reasonably clear rules about how you register securities. Yes, you’re right, it’s impossible for crypto tokens to follow those rules. Oh well! Guess that means crypto exchanges are illegal. The position of Coinbase — and of the crypto […]
Block Stock Drops on Hindenburg Short Report It Vows to Fight – Bloomberg
Block, formerly known as Square Inc., intends to work with the Securities and Exchange Commission “and explore legal action against Hindenburg Research for the factually inaccurate and misleading report they shared about our Cash App business today,” the company said in a statement. “We have reviewed the full report in the context of our own […]
Chief Risk Officer: The Most Thankless Job in Banking – WSJ
James Lam had just been hired by a new financial division of GE Capital when he walked into his boss’s office with a problem: He was ordering business cards and had no idea what to put on them. Since his position didn’t really exist, it also didn’t have a title, so he was given permission […]
Accounting-Fraud Indicator Signals Coming Economic Trouble – WSJ
Unless you study accounting, you have likely never come across the M-Score, which is the number underlying both the Enron episode and the economywide concern now. The “M” is for manipulation, and uses a company’s financial statements to determine whether it is engaging in manipulation. Since the 1990s, the metric has been used to identify […]
‘Can’t get their act together’: Crypto firms slam SEC, Washington for lack of clarity on rules
On Wednesday, the SEC sent exchange Coinbase a Wells notice, warning the company that it had identified potential violations of U.S. securities law. The SEC also unveiled fraud and unregistered securities charges against crypto founder Justin Sun and celebrities that endorsed the digital coins he was pushing. The SEC is currently in legal disputes with […]