securitiesandexchangecommission
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Ex-Coinbase Manager Gets 2 Years in Prison for Insider Trading
Federal prosecutors and the courts in New York are sounding the horn, proclaiming run-of-the-mill financial crimes also apply to digital tokens as much as fiat currency. On Tuesday, a judge finally sentenced former Coinbase product manager Ishan Wahi to two years in prison for insider trading. Prosecutors said Wahi used his privileged position within the…
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FTX Confirms $AU13 Billion in Customer Funds Vanished
The folks handling the ongoing FTX bankruptcy admitted Thursday it is still on the hook for around $US9 ($AU13) billion in customer funds that it simply cannot locate under the morass of financials left over from the exchange’s collapse.
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‘We’re F****** Robbing Idiots:’ Eight Financial Influencers Indicted in Massive Pump and Dump Scheme
If you have ever heard the words “this is not financial advice” or “this is not stock advice” when scrolling through TikTok or YouTube, you can be sure the next several minutes will be devoted to doing exactly that. Now federal law enforcement alleged that several financial influencers followed by hundreds of thousands of would-be…
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SEC Says 11 People Fooled Users Out of $AU425 Million in Crypto Pyramid Scheme
Some crypto critics like Vivaldi CEO Jon von Tetzchner have called the entire apparatus of crypto “nothing more than a pyramid scheme.” It’s an easy claim when you cite the ever-growing number of scams in the crypto scene that have cost users over $US1 ($AU1.42) billion since last year.