securities fraud

The Verge

Tesla is being investigated for securities and wire fraud for self-driving claims

The Department of Justice is investigating Tesla for securities and wire fraud regarding its self-driving vehicle claims. [ more ]

Brooklyn Eagle

3 months ago

Brooklyn

Brooklyn federal prosecutors charge crypto CEO in multimillion-dollar international fraud scheme

Horst Jicha, CEO of cryptocurrency platform USI Tech, has been arraigned on charges of securities fraud, wire fraud, and money laundering.

Jicha led USI Tech's expansion into the U.S. market and allegedly operated a multilevel marketing scheme, making false guarantees of high investment returns. [ more ]

www.nytimes.com

5 months ago

US politics

E.V. Start-Up Founders Made Big Claims. Now One Could Go to Prison.

Founder of electric truck company Nikola, Trevor Milton, expected to face significant prison time for securities and wire fraud.

Nikola's case highlights the financial damage caused by electric vehicle start-ups with exaggerated claims and lack of profits. [ more ]

morewire-fraud

Ars Technica

1 week ago

Cars

Tesla's self-driving claims subject to federal securities and wire fraud probe

Tesla is facing investigations by multiple authorities regarding securities fraud and misleading statements about Autopilot and Full Self-Driving features. [ more ]

Above the Law

1 month ago

Law

9 Years Later, Ken Paxton Makes A Deal With Prosecutors

The felony securities fraud charges against Texas Attorney General Ken Paxton were dropped in a deal with federal prosecutors.

Paxton must pay $48,000 to the victims, serve 100 hours of community service, and receive 15 hours of legal ethics education. [ more ]

Above the Law

5 months ago

Law

Morning Docket: 12.06.23

Texas woman seeks court intervention for abortion due to serious health threat

Judge dismisses Joshua Wright's $108M lawsuit for lack of defamatory statements

Sam Alito's efforts to defund the United States are unsuccessful

Legal challenge awaits Wisconsin's radical anti-union law

Court case questions allowing 401k plans to make politically motivated investment decisions

Professor discusses the history of securities fraud in the US

Mid-sized firms merge with hopes of becoming a part of the Am Law 200 [ more ]

New York Post

3 months ago

New York City

Tottenham Hotspur billionaire Joe Lewis admits to giving lover, pilots illegal stock tips they used to make millions

Joe Lewis pleads guilty to giving illegal stock tips to his girlfriend and pilots in a plea deal that includes a $50 million penalty for his company.

Lewis faces a potential prison sentence of 1.5 to 2 years and his company, Broad Bay Ltd, will pay a $50 million penalty for securities fraud. [ more ]

The Atlantic

4 months ago

Digital life

Emoji Are Legally Actionable

The use of emojis in legal matters can have significant implications.

Courts are grappling with the challenge of determining the meaning and impact of emojis in legal cases. [ more ]

#securities fraud#securities fraud