fraud
Marilyn Mosby Found Guilty, Facing A Decade In Prison
Former Baltimore County state attorney Marilyn Mosby was found guilty of perjury on Thursday in federal court. She faces a potential prison sentence of ten years and likely will lose her law license.
Sam Bankman-Fried Found Guilty In FTX Fraud Case
Sam Bankman-Fried could face over 100 years in prison according to federal sentencing guidelines, although experts expect less time.
Sam Bankman-Fried Found Guilty In FTX Fraud Case
Sam Bankman-Fried could face over 100 years in prison according to federal sentencing guidelines, although experts expect less time.
Brittish Williams Sentenced To 4 Years In Prison For Fraud
Basketball Wives star Brittish Williams is learning the hard way that if you do the crime, you're going to have to do time.
DJ Envy Will Provide Information Related To Cesar Pina Case
DJ Envy shared a statement via his attorney, stating that he would assist authorities in providing information in the Cesar Pina fraud case.
Herschel Walker Solicited Funds From Donors In Campaign Scam
Herschel Walker reportedly took hundreds of thousands of dollars from rich donors for his failed Senate campaign for his own use. The post Herschel Walker Solicited Funds From Donors In Campaign Scam appeared first on The Latest Hip-Hop News, Music and Media | Hip-Hop Wired.
Convicted Fraudster Billy McFarland Promises To Bring Back Frye Festival
Billy McFarland, the convicted con man behind the troubled Fyre Festival, is promising to bring the event back to the masses. The post Convicted Fraudster Billy McFarland Promises To Bring Back Frye Festival appeared first on The Latest Hip-Hop News, Music and Media | Hip-Hop Wired.
Ozy Media Founder Carlos Watson Arrested & Charged With Securities Fraud
Carlos Watson, the founder of Ozy Media, was arrested Thursday (Feb. 23) and charged with securities fraud. The post Ozy Media Founder Carlos Watson Arrested & Charged With Securities Fraud appeared first on The Latest Hip-Hop News, Music and Media | Hip-Hop Wired.
SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto
The SEC has accused Avraham Eisenberg of manipulating the Mango Markets platform by manipulating the MNGO token, which the company allegedly sold as a security. Breaking news Own this piece of history Collect this article as an NFT The United States Securities and Exchange Commission has followed the Commodity Futures Trading Commission and others in filing parallel charges against the crypto user allegedly behind a multimillion-dollar exploit of decentralized exchange Mango Markets. In a Jan. 20 notice, the SEC alleged Avraham Eisenberg manipulated Mango Markets’ MNGO governance token, allowing him to steal roughly $116 million worth of cryptocurrency from the platform. According to the complaint, Eisenberg allegedly executed a series of large MNGO purchases in order to artificially raise...
SBF says Sullivan & Cromwell contradicted itself with insolvency claims
Law firm Sullivan & Cromwell contradicted itself when it stated that shuttered crypto exchange FTX US is insolvent, former CEO Sam Bankman-Fried claimed in a Jan. 17 blog post that was shared on Twitter. FTX US is solvent, as it always as been.https://t.co/XjcyYFsoU0 pic.twitter.com/kn9Wm9wxjl — SBF (@SBF_FTX) January 18, 2023 The law firm was hired by FTX Group to handle the bankruptcy proceedings of several of its subsidiaries, including FTX International, Alameda Research and FTX US. However, Bankman-Fried has stated on several occasions that he believes FTX US is solvent and should not have declared bankruptcy. In a statement filed with the United States Bankruptcy Court for the District of Delaware on Jan. 17, Sullivan and Cromwell reiterated its claim that FTX US is not solvent, ...
FTX fallout: SBF trial could set precedent for the crypto industry
After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating securities laws. On Dec. 22, Bankman-Fried was granted bail on a $250 million bond paid by his parents against the equity in their house. The bail order added that he would require “strict pretrial supervision,” including mental health treatment and evaluation. The former CEO faces eight criminal counts in the United States, which could result in 115 years in prison if convicted. Bankman-Fried had been under house arrest at his parent’s home in Califor...
Albright Capital drops lawsuit against Terraform Labs and Do Kwon
Albright Capital has dropped its lawsuit against Terraform Labs and its founder Do Kwon, according to a Notice of Voluntary Dismissal filed in U.S. District Court on January 9. Before its dismissal, the lawsuit had alleged that the company had violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by operating the stablecoin, UST, as a “Ponzi scheme.” Three Arrows Capital (3AC) co-founder Su Zhu posted the dismissal to Twitter, saying: Curious how long it will take cryptonative media to report on this sudden voluntary dismissal of class action against Luna foundation and Luna investors pic.twitter.com/8SyMhB4u4g — Zhu Su (@zhusu) January 10, 2023 Zhu had previously claimed that the bankruptcy of 3AC was partially caused by UST’s collapse. The lawsuit was dismissed “w...
