#securities-fraud
#securities-fraud

Startup companies

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. [ more ]

Engadget

Startup companies

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. [ more ]

The Verge

Startup companies

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. [ more ]

Business Insider

Startup companies

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. [ more ]

Engadget

Startup companies

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. [ more ]

moremoviepass

Newsday

Privacy professionals

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. [ more ]

Miami Herald

6 days ago

Privacy professionals

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. [ more ]

Brooklyn Eagle

1 week ago

Brooklyn

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. [ more ]

#court-ruling

TESLARATI

1 week ago

Privacy professionals

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. [ more ]

Vulture

Music

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. [ more ]

TESLARATI

1 week ago

Privacy professionals

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. [ more ]

Vulture

Music

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. [ more ]

morecourt-ruling

#tesla

New York Post

Cars

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. [ more ]

Ars Technica

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 ]

The Verge

Cars

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 ]

New York Post

Cars

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. [ more ]

Ars Technica

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 ]

The Verge

Cars

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 ]

moretesla

Miami Herald

4 weeks ago

Cryptocurrency

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. [ more ]

Coindesk

1 month ago

Privacy professionals

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. [ more ]

Above the Law

5 months 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 ]

New York Post

7 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 ]

#wire-fraud

Brooklyn Eagle

8 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

9 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 ]

Brooklyn Eagle

8 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

9 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

The Atlantic

8 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 ]

Above the Law

9 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 ]

#bill-hwang

Fortune

Business

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. [ more ]

www.nytimes.com

Digital life

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. [ more ]

Fortune

Business

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. [ more ]

www.nytimes.com