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Join the Securities Litigation and Enforcement Group on LinkedInFounder of Purported Cryptocurrency Company Sentenced to More Than Eight Years in Prison for Multi-Million-Dollar Fraud Scheme | DOJ
The founder of “My Big Coin,” a purported cryptocurrency and virtual payment services company headquartered in Las Vegas, Nev., was sentenced today in federal court in Boston for marketing and selling fraudulent virtual currency and operating an unlicensed virtual currency exchange. Randall Crater, 52, of Lake Mary, Fla., was sentenced by U.S. District Court Judge […]
US Asks Theranos Victims to Weigh in Ahead of Holmes Sentencing – Bloomberg
The US Justice Department is seeking input from victims of the frauds at blood-testing startup Theranos Inc. committed by Elizabeth Holmes and her second-in-command, Ramesh “Sunny” Balwani. The US Attorney’s Office in San Francisco on Thursday issued a “call for information” from victims following the separate convictions of the former executives for their roles in […]
Movie Producer Sentenced to Over 21 Years for Role in Film Financing Scheme | USAO-SDFL | Department of Justice
Yesterday, a federal district judge in South Florida sentenced a 44-year-old former actor and movie producer from Bartlesville, Oklahoma, to 262 months in prison for his role in a financing scheme that defrauded investors out of more than $60 million. The defendant, Jason Van Eman, also was ordered to pay certain victims over $9 million […]
Former Mckinsey Partner Sentenced To 24 Months In Prison For Insider Trading Scheme | USAO-SDNY | Department of Justice
Between November 2019 and July 2020, and again between April 2021 and September 2021, Goldman Sachs, the investment bank, engaged McKinsey, the management consulting firm, to provide services related to the potential acquisition of GreenSky by Goldman Sachs and the post-acquisition integration of GreenSky. DIKSHIT was one of the McKinsey partners leading these engagements. In […]
Collins files paperwork seeking 5-week delay for prison sentence | wgrz.com
Former Congressman Chris Collins is seeking a five-week delay in starting his prison sentence for insider trading. The legal team for Collins, who was sentenced to 26 months in prison on January 17, filed paperwork on Friday asking that his report date be pushed back to 2 p.m. on April 21. via Collins files paperwork […]
US says ‘flash crash’ trader should not face further prison time | Business | The Guardian
A British trader who was accused of contributing to a multibillion-dollar US stock market crash by playing the markets from his parents’ suburban London home should not serve any further prison time, a prosecutor has recommended. Navinder Singh Sarao was labelled the “Hound of Hounslow” after being arrested in 2015 for supposedly making $40m (£27m) […]