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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInPerella Weinberg London HQ Searched in Insider Trading Probe – Bloomberg
Perella Weinberg Partners LP London headquarters were searched this week as part of a German insider trading investigation. The investment bank was searched by officials on Jan. 25. Frankfurt prosecutors are looking into allegations that a London-based employee at the bank disclosed information on planned takeovers and other suspects traded on that, according to people […]
FTX Opposes New Bankruptcy Investigation as It Probes Bankman-Fried Connections
FTX has objected to a U.S. Department of Justice request for an independent investigation into the once-prominent crypto exchange’s collapse, saying it is already conducting a wide-ranging probe that includes family members of FTX founder Sam Bankman-Fried.FTX said in a court filing in Wilmington, Delaware, late on Wednesday that the DOJ’s proposed review would only […]
He Wrote the Book on Bernie Madoff | Tufts Now
Ponzi schemes inevitably fail. Madoff must have realized this; did he feel like he was just in too deep? His legitimate business was making money on commissions, which they earn whether the market was up or down. But at the very beginning of his career, as a sideline he invested some customers money, originally like […]
Disgraced Theranos founder Elizabeth Holmes denies claim she tried to flee country
In response, attorneys for Holmes said and her husband, William Evans, had booked the trip before the verdict was reached because she “hoped to be acquitted and thus to be able to attend the wedding of close friends in Mexico in late January 2022. The lawyers said Holmes “did not intend to make the trip” […]
The Unknown Hedge Fund That Got $400 Million From Sam Bankman-Fried – The New York Times
Not long before FTX collapsed in November, its founder, Sam Bankman-Fried, sent $400 million to an obscure cryptocurrency trading firm called Modulo Capital. The fledgling firm, which was founded in March and operated out of the same Bahamian compound where Mr. Bankman-Fried lived, had no track record or public profile. One of the founders, Duncan […]
Split verdict in federal insider trading case involving Chicago attorney, friend –Chicago Tribune
In a split verdict, a federal jury on Thursday convicted a Chicago attorney of using insider information from a friend to make a windfall in stock purchases involving an education-technology company, while acquitting the friend on all counts. The jury deliberated for about nine hours over two days before the verdict was announced Thursday afternoon […]
Elizabeth Holmes made an ‘attempt to flee the country’ after her conviction, prosecutors say | CNN Business
Elizabeth Holmes made an “attempt to flee the country” by booking a one-way ticket to Mexico in January 2022, shortly after the Theranos founder was convicted of fraud, prosecutors alleged in a new court filing Friday. *** The claim that she tried to leave the country last year surfaced as part of a new filing […]
Bitzlato owner Anatoly Legkodymov arrested, charged with financial crimes – The Washington Post
U.S. law enforcement officials have arrested the Russian owner of a cryptocurrency exchange for allegedly failing to implement required anti-money-laundering safeguards, enabling criminals who used the platform to traffic drugs and steal people’s money and identities, the Justice Department said. Anatoly Legkodymov — the 40-year-old majority owner of Bitzlato — was arrested in Miami on […]
Sam Bankman-Fried Denies Stealing FTX Funds in New Online Post
Sam Bankman-Fried, the disgraced former chief of FTX, denied stashing away billions of dollars and gave his take on what happened to his bankrupt crypto exchange in a lengthy new post on Substack published Thursday. He denied stealing funds and claimed FTX and sister company Alameda Research collapsed because of the crypto market meltdown and […]
Robinhood Shares Worth Nearly $500M Seized in FTX and Sam Bankman-Fried Case
The U.S. Department of Justice (DOJ) has seized more than 55 million shares of Robinhood (HOOD) stock owned – via a holding company – by Sam Bankman-Fried and FTX co-founder Gary Wang, according to a court document. The shares were worth just over $456 million based on HOOD’s closing price of $8.25 on Friday. The […]