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In a suit filed a month ago by the SEC against Texas-based AriseBank for alleged securities violations related to an ICO, U.S. District Chief Judge Barbara Lynn appointed Jones Day partner Mark Rasmussen in Dallas as the first-ever neutral receiver in an ICO enforcement action. In his new role, Rasmussen will oversee all the assets […]
Bart Schwartz, chairman of professional monitoring firm Guidepost Solutions LLC, was appointed by the government as a receiver for two of Platinum’s three hedge funds after prosecutors in December accused leaders of the firm of running a more than $1 billion fraud. The six men pleaded not guilty to criminal and civil charges. However, Schwartz […]