#securities-fraud

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#gautam-adani

U.S. Charges Indian Billionaire Gautam Adani With Defrauding Investors

Gautam Adani has been indicted for securities fraud linked to a bribery scheme related to a major solar project in India.

Billionaire Gautam Adani charged in US over alleged $250m bribery plot

Gautam Adani and executives indicted in New York for alleged multi-billion-dollar bribery scheme to secure contracts, facing serious securities fraud charges.

U.S. charges Indian billionaire with defrauding investors, hiding bribery scheme

Gautam Adani has been indicted for securities fraud related to bribes tied to a solar energy project.

Billionaire Gautam Adani indicted in New York on bribery charges

Gautam Adani has been indicted for allegedly orchestrating a $250 million bribery scheme to secure government contracts in India.

U.S. Charges Indian Billionaire Gautam Adani With Defrauding Investors

Gautam Adani has been indicted for securities fraud linked to a bribery scheme related to a major solar project in India.

Billionaire Gautam Adani charged in US over alleged $250m bribery plot

Gautam Adani and executives indicted in New York for alleged multi-billion-dollar bribery scheme to secure contracts, facing serious securities fraud charges.

U.S. charges Indian billionaire with defrauding investors, hiding bribery scheme

Gautam Adani has been indicted for securities fraud related to bribes tied to a solar energy project.

Billionaire Gautam Adani indicted in New York on bribery charges

Gautam Adani has been indicted for allegedly orchestrating a $250 million bribery scheme to secure government contracts in India.
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#fraud

Federal prosecutors have charged another Forbes 30 Under 30 alum with fraud | TechCrunch

Joanna Smith-Griffin faces serious charges of fraud, potentially leading to a lengthy prison sentence, reflecting a concerning trend in startup practices.

Alleged investment-fund fraudsters charged in Brooklyn

Five men indicted for defrauding investors in Max Infinity Management LLC and Elder Fund Management LLC, diverting $27 million.

Federal prosecutors have charged another Forbes 30 Under 30 alum with fraud | TechCrunch

Joanna Smith-Griffin faces serious charges of fraud, potentially leading to a lengthy prison sentence, reflecting a concerning trend in startup practices.

Alleged investment-fund fraudsters charged in Brooklyn

Five men indicted for defrauding investors in Max Infinity Management LLC and Elder Fund Management LLC, diverting $27 million.
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#supreme-court

Facebook asks US supreme court to dismiss fraud suit over Cambridge Analytica scandal

The US Supreme Court is considering Facebook's appeal against a securities fraud lawsuit by shareholders over data misuse disclosures.

Supreme Court hears Facebook's bid to toss shareholder suit over Cambridge Analytica scandal

The Supreme Court is considering a crucial case regarding Meta's alleged securities fraud linked to misleading investor information about user data misuse.

Some Supreme Court justices scrutinized Nvidia's attempt to dodge a securities fraud lawsuit

Nvidia is fighting a securities fraud lawsuit claiming they misled investors about cryptocurrency sales, invoking standards set by the PSLRA.

Supreme Court Seems Ready to Allow Securities Fraud Case Against Nvidia

The Supreme Court may allow Nvidia case over alleged misrepresentations related to cryptocurrency, reflecting broader issues on securities fraud litigation.

Facebook asks US supreme court to dismiss fraud suit over Cambridge Analytica scandal

The US Supreme Court is considering Facebook's appeal against a securities fraud lawsuit by shareholders over data misuse disclosures.

Supreme Court hears Facebook's bid to toss shareholder suit over Cambridge Analytica scandal

The Supreme Court is considering a crucial case regarding Meta's alleged securities fraud linked to misleading investor information about user data misuse.

Some Supreme Court justices scrutinized Nvidia's attempt to dodge a securities fraud lawsuit

Nvidia is fighting a securities fraud lawsuit claiming they misled investors about cryptocurrency sales, invoking standards set by the PSLRA.

Supreme Court Seems Ready to Allow Securities Fraud Case Against Nvidia

The Supreme Court may allow Nvidia case over alleged misrepresentations related to cryptocurrency, reflecting broader issues on securities fraud litigation.
moresupreme-court
#sec

Miami men will pay $1.29 million after alleged fraud targeting Miami Venezuelans

Two Venezuelan citizens committed securities fraud against investors, leading to significant financial penalties.

NY Judge Rejects SEC's Efforts to Stymie Tron's Arguments in Ongoing Securities Suit

A federal judge has ruled against the SEC's legal approach in the case against the Tron Foundation and Justin Sun.

VMware pays up $102.5M in securities fraud settlement

VMware pays $102.5 million to settle allegations of securities fraud over misleading revenue practices.

Miami men will pay $1.29 million after alleged fraud targeting Miami Venezuelans

Two Venezuelan citizens committed securities fraud against investors, leading to significant financial penalties.

NY Judge Rejects SEC's Efforts to Stymie Tron's Arguments in Ongoing Securities Suit

A federal judge has ruled against the SEC's legal approach in the case against the Tron Foundation and Justin Sun.

VMware pays up $102.5M in securities fraud settlement

VMware pays $102.5 million to settle allegations of securities fraud over misleading revenue practices.
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#horst-jicha

Horst Jicha skips bail in $150 million USI Tech crypto fraud case in New York

Horst Jicha, linked to a $150 million fraud, has become a fugitive after allegedly tampering with his ankle monitor and skipping court.

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.

Horst Jicha skips bail in $150 million USI Tech crypto fraud case in New York

Horst Jicha, linked to a $150 million fraud, has become a fugitive after allegedly tampering with his ankle monitor and skipping court.

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.
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#elon-musk

Judge dismisses Tesla Autopilot shareholder lawsuit for now

Tesla's lawsuit over Full Self-Driving capabilities was dismissed, ruling no evidence of investor deception was presented.

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.

Judge tosses lawsuit alleging Elon Musk caused dogecoin investors to lose billions

Elon Musk and Tesla won the dismissal of a lawsuit accusing them of defrauding dogecoin investors, as the claims lacked factual basis.

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.

Judge dismisses Tesla Autopilot shareholder lawsuit for now

Tesla's lawsuit over Full Self-Driving capabilities was dismissed, ruling no evidence of investor deception was presented.

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.

Judge tosses lawsuit alleging Elon Musk caused dogecoin investors to lose billions

Elon Musk and Tesla won the dismissal of a lawsuit accusing them of defrauding dogecoin investors, as the claims lacked factual basis.

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.
moreelon-musk

Aussie AI startup boss accused of financial fakery

A former CEO of Skael is accused of fraudulently raising $40 million through falsified financial statements and misleading investor claims.
#moviepass

Former MoviePass CEO admits the $9.95 'unlimited' ticket scheme was fraud

Mitch Lowe, ex-CEO of MoviePass, pleaded guilty to securities fraud for misleading investors about the unsustainable subscription plan.

Former MoviePass CEO Mitch Lowe has pleaded guilty to securities fraud conspiracy

Mitch Lowe pleaded guilty to securities fraud conspiracy, admitting to misleading investors and contributing to MoviePass's bankruptcy.

Former MoviePass CEO reportedly pleads guilty to securities fraud

Mitch Lowe pleaded guilty to securities fraud, acknowledging that he misled investors and the public about MoviePass's business model and sustainability.

Former MoviePass CEO admits the $9.95 'unlimited' ticket scheme was fraud

Mitch Lowe, ex-CEO of MoviePass, pleaded guilty to securities fraud for misleading investors about the unsustainable subscription plan.

Former MoviePass CEO Mitch Lowe has pleaded guilty to securities fraud conspiracy

Mitch Lowe pleaded guilty to securities fraud conspiracy, admitting to misleading investors and contributing to MoviePass's bankruptcy.

Former MoviePass CEO reportedly pleads guilty to securities fraud

Mitch Lowe pleaded guilty to securities fraud, acknowledging that he misled investors and the public about MoviePass's business model and sustainability.
moremoviepass

Kubient founder Paul Roberts charged with securities fraud, lied about company's AI tool, prosecutors say

A Long Island tech founder pleaded guilty to securities fraud, inflating revenue by over $1.3 million and misrepresenting AI tool efficacy.

Miami men are accused of making $1 million in insider-trading plot about MasTec deal

Four Miami men were arrested for conspiring to trade stocks using insider information related to a corporate acquisition.
#court-ruling

Wait, Does Martin Shkreli Still Have That Wu-Tang Clan Album?

Martin Shkreli must hand over digital copies of a rare Wu-Tang Clan album after a federal judge's ruling.

Former Nikola CEO Trevor Milton to pay $167 million to Nikola: U.S. Judge

Trevor Milton owes Nikola $167.7 million after being found liable for misleading investors and causing financial harm.

Wait, Does Martin Shkreli Still Have That Wu-Tang Clan Album?

Martin Shkreli must hand over digital copies of a rare Wu-Tang Clan album after a federal judge's ruling.

Former Nikola CEO Trevor Milton to pay $167 million to Nikola: U.S. Judge

Trevor Milton owes Nikola $167.7 million after being found liable for misleading investors and causing financial harm.
morecourt-ruling

Heat's Jimmy Butler, YouTube influencer will pay $340,000 to resolve cryptocurrency claims

Jimmy Butler and Ben Armstrong settle a lawsuit for $340,000 over accusations of misleading investors about unregistered securities.
U.S. District Judge will review the settlement following extensive negotiations and a previous case involving Binance. The duo denied wrongdoing.

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.

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.

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.

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.

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
#bill-hwang

Jury Finds Archegos Founder Bill Hwang Guilty of Fraud and Racketeering

Bill Hwang found guilty on multiple charges related to Archegos Capital Management's collapse, facing potential life in prison.

Billionaire hedge funder sipped a drink as he was found criminally responsible for $100 billion in shareholder losses

Bill Hwang, founder of Archegos Capital Management, convicted of securities and market manipulation fraud, leading to $100 billion market value loss.

Jury Finds Archegos Founder Bill Hwang Guilty of Fraud and Racketeering

Bill Hwang found guilty on multiple charges related to Archegos Capital Management's collapse, facing potential life in prison.

Billionaire hedge funder sipped a drink as he was found criminally responsible for $100 billion in shareholder losses

Bill Hwang, founder of Archegos Capital Management, convicted of securities and market manipulation fraud, leading to $100 billion market value loss.
morebill-hwang

Crypto-failure Terraform Labs to cough $4.5 billion and shut

Terraform Labs to pay $4.5 billion to settle TerraUSD crash fallout and then close down.

Supreme Court to hear Facebook's bid to toss shareholder suit over Cambridge Analytica scandal

US Supreme Court to hear Meta's Facebook appeal on securities fraud lawsuit.
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