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Join the Securities Litigation and Enforcement Group on LinkedInDykema’s Bloomfield Hills Office Adds Former Federal Prosecutor Jennifer L. Beidel | Dykema
Dykema, a leading national law firm, today announced the addition of Jennifer L. Beidel as a Member in its Government Investigations and Corporate Compliance Team resident in the firm’s Bloomfield Hills office. Beidel, who is a former Assistant U.S. Attorney in the Southern District of New York, joins Dykema after practicing at Saul Ewing Arnstein […]
An SEC Dissenter Says the Regulator Must Ease Off Crypto | WIRED
But the SEC’s aggressive approach doesn’t sit well with one of its most senior figures. Hester Peirce, one of the SEC’s five commissioners, has formally disavowed the agency’s tactics on multiple occasions. She says the SEC’s actions have been driven by what she calls “jurisdictional maximalization”—launching cases in order to grow its mandate—but haven’t actually helped the […]
Coinbase responds to the SEC’s Wells notice
Last month, we shared that we received a vague and broad Wells notice from the SEC – today we’re sharing our response to the SEC. We provided a written and video submission to the SEC, and we discussed those submissions with the SEC a few days ago. Coinbase is the same company that we were […]
Supreme Court Deals Another Blow to SEC by Allowing Collateral Attacks on Administrative Proceedings to Proceed in Federal Court | Arnold & Porter
Although the Supreme Court in Cochran decided merely a procedural question of federal court jurisdiction, it may open the floodgates to collateral attacks by respondents to pending administrative proceedings and mire the SEC in litigation. As such, Cochran represents another lost battle in the SEC’s ongoing war to preserve its administrative proceedings against constitutional challenges […]
Silicon Valley Start-Up Founder Pleads Guilty To Securities Fraud For Overstating Revenue To Investors | DOJ
Manish Lachwani pleaded guilty in federal court in San Francisco today to wire fraud and securities fraud charges in connection with his scheme to dupe potential investors into supporting the technology start-up he founded and led, announced United States Attorney Ismail J. Ramsey and FBI Special Agent in Charge Robert K. Tripp. The guilty pleas […]
Fugitive Mirror CEO Ordered to Pay $3.4 Billion in Fraud Case Involving Bitcoin – Bloomberg
A US judge ordered a South African executive to pay more than $3.4 billion in restitution and fines for a fraud scheme involving Bitcoin — the highest-ever civil monetary penalty in any US Commodity Futures Trading Commission case. Cornelius Johannes Steynberg, the founder and chief executive officer of Mirror Trading International Proprietary, committed fraud tied […]
Bitcoin Thief Photographed in Bathtub of Cash Gets Four Years – Bloomberg
An Ohio man photographed lounging in a bathtub full of dollar bills must serve four years in prison for stealing 713 Bitcoin from a computer device seized by the government in a case against his older brother. Gary Harmon, 31, was sentenced Thursday by US District Judge Beryl Howell in Washington, DC, where he pleaded […]
Ex-CFO of African Gold SPAC Gets 3 Years in Scheme to Trade Meme Stocks, Crypto – Bloomberg
The former chief financial officer for a group of special purpose acquisition companies was sentenced to three years in prison for a scheme to embezzle more than $5 million to trade in crypto assets and meme stocks. Cooper Morgenthau, 36, of African Gold Acquisition Corp., admitted stealing the money from the SPACs for more than […]