Daily Archives: May 8, 2023, 11:37 am

JPMorgan Ordered to Pay Charlie Javice’s Legal Fees in Frank Fraud Case – Bloomberg

Delaware Chancery Court Judge Kathaleen St. J. McCormick concluded Monday that JPMorgan was legally obligated to cover Javice’s legal bills, rejecting the bank’s argument that her alleged fraud fell outside the scope of the 2021 merger agreement. The ruling likely also covers Javice’s legal fees tied to criminal fraud charges brought by federal prosecutors over the disputed deal. JPMorgan sued…

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Crypto-silence is precious for Gensler’s SEC | Reuters

Think from Gensler’s perspective, though, and there’s little upside in breaking the silence. Accept that digital assets are not securities after all, and he would look foolish for not saying so sooner. Yet state definitively that they are securities, and Gensler would have to show his reasoning, opening the SEC up to more costly legal battles that it could lose.…

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Binance faces US probe of possible Russian sanctions violations – Bloomberg News

The U.S. Justice Department is investigating whether Binance Holdings was illegally used to let Russians skirt U.S. sanctions and move money through the cryptocurrency exchange, Bloomberg News reported on Friday, citing people familiar with the matter. Regulators globally have long called for tighter controls on crypto exchanges including Binance, the world’s largest, to prevent illegal activities – from money laundering…

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