Securities Fraud

Former Celsius (CRYPTO: CEL) CEO Alex Mashinsky faces a freeze on his banking and real estate assets amid an ongoing criminal investigation, according to court records. Mashinsky, also a co-founder of the lending platform, was taken into custody in July on several charges, including...

The former CEO and co-founder of the now-defunct cryptocurrency lender Celsius (CRYPTO: CEL), Alex Mashinsky, was taken into custody on Thursday. This arrest comes in the wake of a Department of Justice inquiry into the downfall of the company, Bloomberg reported, quoting sources. The...

The U.S. Department of Justice (DOJ) is planning to proceed with the trial of Sam Bankman-Fried, the founder and former CEO of FTX (CRYPTO: FTT), on the charges brought against him in December 2022. The DOJ will focus on a subset of charges, including wire fraud, securities fraud, and money...

The U.S. Securities and Exchange Commission's (SEC) legal documents have substantiated that Jump Trading, a crypto trading entity, played a pivotal role in rescuing the struggling algorithmic stablecoin TerraUSD (CRYPTO: USTC), spearheaded by Do Kwon, a year prior to its eventual downfall. Jump...

Late Monday, Sam Bankman-Fried, the co-founder of cryptocurrency exchange FTX (CRYPTO: FTT), filed pretrial motions to dismiss the majority of charges he is facing.  Set to go on trial this fall, Bankman-Fried faces more than a dozen charges, including wire, securities and...

Former FTX CEO Sam Bankman-Fried has pleaded not guilty to eight charges in a New York federal court, related to the collapse of his exchange and hedge fund Alameda Research, CNBC reported. The charges include conspiracy to commit wire fraud and securities fraud, individual charges of securities...

Martin Shkreli, who was sentenced to federal prison in 2018 for securities fraud, has some advice for FTX founder Sam Bankman-Fried on how to survive in the slammer. The notorious 'Pharma Bro,' who earned the moniker when — as Turing Pharmaceuticals CEO — he upped the price...

FTX (CRYPTO: FTT) co-founder Gary Wang and former Alameda Research CEO Caroline Ellison both pleaded guilty to federal charges including conspiracy to commit wire fraud, commodities fraud and securities fraud.  The plea deals were released the same night of former FTX CEO Sam Bankman-Fried...

Apple Inc’s (NASDAQ: AAPL) former corporate secretary and director of corporate law, Gene Levoff, has admitted to being part of an insider trading scheme that ran for five years. What Happened: The U.S. Department of Justice said 48-year-old Levoff pleaded guilty before...

Bayerische Motoren Werke AG (OTC: BAMXF) and two of its subsidiaries in the United States have settled charges Thursday related to their corporate bond offerings with the authorities. What Happened: The three companies allegedly disclosed inaccurate and misleading information on their...

Luckin Coffee Inc (OTC: LKNCY) is among a group of 45 companies fined $8.98 million for falsification of financial records and misleading the public by China’s market regulator, Reuters reported Monday. What Happened: The market regulator said its investigations established that the coffee...

Two former executives of Celadon Group Inc. (OTCMKTS: CGIP) have been indicted in an alleged complex securities and accounting fraud scheme that cost the truckload and logistics company's shareholders more than $60 million, federal prosecutors said Dec. 5. Former Chief Operating Officer William...

Justice came for Martin Shkreli. The so-called “Pharma Bro” was sentenced Friday to 84 months in prison after having been convicted in August 2017 on two counts of securities fraud and one count of conspiracy to commit securities fraud. Prosecutors were looking for 15 years prison time...

Merrill Robertson Jr., a former professional football player for the Philadelphia Eagles, was charged Wednesday with defrauding investors by the Securities and Exchange Commission. The SEC said in a release that Robertson defrauded investors, including coaches he played for while spending time...

It's finally happened: SAC Capital, the legendary hedge fund run by Steven A. Cohen, has been charged in a New York federal court for one count of wire fraud and four counts of securities fraud. The wire fraud arises from the use of insider information to dupe investors out of fees while the...