Securities Fraud | FinTelegram News

Tag: Securities Fraud

December 19, 2018

REPORT: PUMP AND DUMP SCHEMES IN CRYPTO REALM

A new study on pump and dump schemes in the crypto space has been published by universities in Israel and the United States with the..

December 8, 2018

SECURITIES FRAUD: PUMP-AND-DUMP SCHEMES IN CRYPTO SPACE

Pump-and-dump schemes are an old, well-known securities fraud phenomenon in the financial markets. With cryptocurrencies, this illicit scheme has found a new playground to thrive...

December 3, 2018

THE CONSEQUENCES OF UNREGISTERED PUBLIC SECURITY TOKEN SALES

On July 25 2018 the U.S. SEC issued a so-called Section 21(a) report of its investigation into an offering of cryptographic blockchain tokens by “The..

December 1, 2018

MISLEADING ICO COMMUNICATION MAY BE SECURITIES FRAUD

After the collapse of the ICO-Hype, the great awakening of regulators and investors takes place. It is becoming increasingly clear that most of the ICOs..

CFTC Targets Polymarket and Offshore Crypto Betting Platforms Amid U.S. Presidential Election!

The CFTC’s crackdown on Polymarket and other offshore crypto platforms signals a new phase of enforcement in the prediction market space, where the intersection of derivatives and elections raises complex compliance challenges. With over $930 million in bets placed on Polymarket’s "2024 Presidential Election Winner" market, regulators are taking notice.

SEC
US DOJ

U.S. DOJ and SEC Charge Former CEO and CFO With Fraud and Misleading Auditors!

SEC and DOJ cracked down on fraudulent financial reporting at the tech company Kubient. The company's top executives were misleading investors about revenue, which was central to raising millions. Former CEO Paul Roberts faces up to 20 years for orchestrating this scheme. Kubient is a digital advertising technology whose shares were publicly traded on the Nasdaq between August 2020 and November 2023 under the ticker “KBNT.”

U.S. Tech Companies Face Mounting Regulatory Penalties from EU Authorities

Regulators in the EU are steadily increasing pressure on U.S. tech companies, hitting them with billions in fines for antitrust violations and data privacy breaches. This regulatory offensive is reshaping how these companies operate, especially as new laws like the DMA and DSA come into play. While the U.S. has also taken action against tech giants, the largest monetary penalties have come from European regulators.

Google Wins Major Legal Victory in €1.49 Billion EU Antitrust Case

Google’s legal win against the €1.49 billion fine sets a new precedent in Big Tech’s battle with EU regulators, but the scrutiny is far from over as antitrust challenges mount on multiple fronts. Last week, the EU's top court upheld a fine of €2.42 billion imposed on Google for abusing its dominant position by favoring its comparison shopping service. The war of EU regulators against the dominating U.S. tech companies is far from over.

Auditors
SEC

Audit Firm Prager Metis Settles SEC Charges for Negligence in FTX Audits!

Auditor firm Prager Metis’s negligence in auditing FTX stripped investors of crucial protections, ultimately exposing them to the collapse of one of the biggest crypto frauds in history. The firm agreed to pay $1.95 million to settle charges related to the FTX audits and separate auditor independence violations. The U.S. SEC’s action underscores auditors' vital role as financial gatekeepers.