Daily Archives: April 23, 2024, 7:22 am

Failed Mt. Gox’s $9 Billion of Bitcoin Closer to Being Disbursed – Bloomberg

Some creditors of the Mt. Gox crypto exchange said they received updates on their claims, indicating the officials winding up the platform are stepping up efforts to return a $9 billion Bitcoin hoard. The updates included information such as the number of digital tokens to be returned and in some cases repayment dates, according to the creditors. Mt. Gox’s trustee…

Read More

Sam Bankman-Fried agrees to help FTX investors in lawsuits against Tom Brady, Larry David

Investors in Sam Bankman-Fried’s bankrupt crypto firm FTX agreed to drop their claims against the convicted fraudster in exchange for his cooperation in lawsuits against other defendants — including celebrities Tom Brady, Gisele Bundchen and Larry David who promoted the company before its stunning collapse. According to the settlement — filed by a group of FTX investors in Miami federal…

Read More

The Mango Guy – Bloomberg

I’ve become increasingly convinced that the right regulatory approach to crypto might be “let them scam each other as much as possible, and laugh at the results,” but the US Department of Justice disagrees, and their position seems to be more popular with juries…. *** [Avi Eisenberg] definitely did “market manipulation,” in the traditional sense; whether or not he did…

Read More

Hedge Fund Manager Sentenced for Operating Multimillion-Dollar Ponzi Scheme | United States Department of Justice

A Florida man was sentenced today to one year and one day in prison for using his hedge fund management company as part of a years-long, multimillion-dollar Ponzi scheme. According to court documents, Michael Wayne Williams, 48, of Miami, was the founder and operator and investment manager of Highguard Capital and its affiliated entities, Guardian Opportunity Fund and Guardian Opportunity…

Read More

Barry Rashkover to Lead WMH Securities Enforcement Practice – Walden Macht & Haran LLP

Walden Macht & Haran (WMH), a New York-based boutique law firm, announced the launch of its enhanced Securities Enforcement practice. Barry Rashkover, who joined the firm today as a partner, will lead the group at WMH, representing clients before regulatory and law enforcement agencies. Barry is a veteran securities enforcement defense lawyer with two decades of experience as a partner…

Read More