Tag: Corporate Crime/Legal Action
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Billionaire owner of Tottenham football club charged with insider trading
[ad_1] U.S. prosecutors have called an offsides on the British billionaire owner of Tottenham Hotspur soccer team, charging him with a “brazen insider-trading scheme,” in which he passed secret stock tips worth millions to his girlfriends, private pilots and assistants for years. Joe Lewis, 86, who is one of the richest people in the United…
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Husband-wife ‘crypto-couple’ reach plea deal in $4.5 billion bitcoin heist
[ad_1] The husband and wife “crypto couple” charged in connection with a $4.5 billion bitcoin heist in 2016 have reached a plea agreement with prosecutors, according to a court filing on Friday. The couple, Ilya Lichtenstein and Heather Morgan, are slated to appear for a plea hearing in federal district court in Washington, D.C., on…
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CSX shares come off the rails while Peloton goes up a gear, and other early Friday movers
[ad_1] Here are some of the biggest movers of the day: Stock gainers: Digital World Acquisition Corp. DWAC, -2.05%, the special purpose acquisition company (SPAC) looking to take Donald Trump’s Truth Social media company public, soared 20% in premarket trades after the SPAC reached a settlement with the Securities and Exchange Commission over fraud charges. RedHill Biopharma…
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Caltech’s $10K bootcamp was not run by the school, lawsuit claims
[ad_1] When Elva Lopez saw a pop up ad for the Caltech Cybersecurity Bootcamp while playing an online game, she jumped at the chance to enroll. It was the fall of 2020, Lopez had recently lost her job, was battling cancer and was looking for a fresh start during the depths of the pandemic. Part…
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Fraudster set free by Trump charged with running new $38-million Ponzi scheme
[ad_1] It pays to have friends in high places. A two-time convicted fraudster who had a 24-year sentence for running a $200 million Ponzi scheme commuted by President Donald Trump on his last day in office has been charged with running a new multimillion-dollar fraud. Eliyahu Weinstein, a 48-year-old, former used-car salesman from Lakewood, N.J.,…
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AT&T to pause prior plans to remove lead cables under Lake Tahoe as it works with regulators
[ad_1] AT&T Inc. said in a Tuesday court filing that it would hold off on prior plans to remove lead-sheathed cables running underneath California’s Lake Tahoe amid recent reporting on the legacy cables. The company agreed back in 2021 to remove the Lake Tahoe cables, a move that AT&T’s T, -0.59% lawyers said Tuesday was…
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These are now the hot cryptocurrencies for crime
[ad_1] As Wall Street ramps up its campaign to sell bitcoin funds to the public, a new report reveals just how far the original cryptocurrency has already been displaced by thousands of newer rivals in the field where it was arguably most influential —financing crime. Bitcoin’s share of “illicit cryptocurrency activity” has collapsed by an astonishing 80%…