Daily Archives: February 26, 2024, 3:41 pm

Blank Rome Adds Leading White Collar Team, Continuing Nationwide Expansion | Blank Rome LLP

Blank Rome LLP is pleased to welcome four new attorneys to the firm’s White Collar Defense and Investigations group: Bradley “Brad” Henry, a partner in New York, who will also serve as vice-chair of Blank Rome’s White Collar Defense and Investigations group, Kathleen H. Shannon, a partner in Washington, D.C., Jason F. Emert, of counsel in Washington, D.C., and Ekinsu…

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Southern District of New York | Personal Pilot To Billionaire Investor Joseph Lewis Pleads Guilty To Insider Trading Scheme | United States Department of Justice

PATRICK O’CONNOR worked as a personal pilot to his co-defendant in this case, JOSEPH LEWIS, for several years.  LEWIS is a billionaire businessman and investor who is the principal owner of the Tavistock Group, an international private investment organization.  At relevant times, by virtue of LEWIS’s investments in certain companies, he controlled one or more board of director seats at…

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Binance $4.3 Billion Payment in US Plea Deal Approved by Judge – Bloomberg

Binance Holdings Ltd. will pay $4.3 billion after a judge approved a plea deal that levies one of the largest criminal penalties in US history against the world’s biggest cryptocurrency exchange. *** As part of the deal, the company’s compliance must be monitored by an independent firm for as long as five years. The monitor hasn’t yet been apppointed. Bloomberg…

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New Rules Will Force Buyout Firms to Flag Suspicious Investments – WSJ

After more than 20 years of debate, private-equity firms are about to be drafted into the fight against dirty money. The Treasury Department on Feb. 13 proposed extending anti-money-laundering rules to investment advisers including private-equity, venture-capital and hedge-fund managers. *** Under the rules—which can take effect following a 60-day comment period—fund advisers including private-equity managers will have to start programs…

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China securities regulator says penalties will be severe in market crackdown | Reuters

China’s securities regulator said on Friday it would mete out increasingly tough penalties on fraudulent listings, accounting scams and misappropriation of funds by big shareholders, as part of a crackdown to boost confidence in the stock market. In its first news conference since the appointment of a new chairman, the China Securities Regulatory Commission (CSRC) also said it would target…

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MicroStrategy’s X Account Hacked, Leads to $440K Crypto Being Stolen: Blockchain Sleuth ZachXBT

MicroStrategy’s X account was hacked on Monday, leading to a phishing message being posted for its followers, blockchain sleuth ZachXBT said. The X account of Michael Saylor’s crypto investment firm sent out a post announcing the launch of an MSTR token and a link for claiming the fake token. The phishing attempt has led to over $440,000 worth of crypto…

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