Author: Lucas Peterson
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The Ripple Crypto Case: Why The SEC Can’t Win!
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The U.S. Securities and Exchange Commission (SEC) does not have good cards to win in court with its charges against Ripple. At least, this is the opinion of attorney Jeremy Hogan, who has been watching the process from the beginning and regularly assesses how the proceedings are going.
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SEC Philippines Revokes The Registration Of MLM Fraud Scheme Operators!
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The Philippines Securities and Exchange Commission (SEC) has revoked the corporate registration of Astrazion Noble Task Community Foundation and Astrazion Global Holdings Philippines, Inc. In a statement, the regulator said the companies solicited investments from the public without the required license and through a fraudulent scheme. In an order, the…
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Attention! SEC Sends Subpoena To Crypto Influencers For HEX, PulseChain, and PulseX!
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Financial influences may be at risk of violating regulatory rules. The U.S. SEC asks several influencers to submit data and documents related to specific crypto projects they have promoted. For several years, crypto influencers have been a thorn in the side of regulators, often promoting risky and unverified crypto projects.…
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After The Billion Exit Scam: Founder Of Thodex Arrested!
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Aruk Fatih Özer, founder and CEO of Turkish cryptocurrency exchange Thodex, which was shut down last year, has been arrested in the Albanian coastal city of Vlora. The Turkish interior minister announced on Tuesday. Özer, 28, is accused of disappearing with his customers’ money more than a year ago. Around…
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Malaysia Establishes National Scam Response Center to Fight Cybercrime!
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The Malaysian government has established a National Scam Response Center (NSRC) to improve inter-agency coordination and enable rapid response to online financial fraud. The command centre is a joint effort between the National Anti-Financial Crime Center (NFCC), Polis Diraja Malaysia (PDRM), Bank Negara Malaysia (BNM), the Malaysian Communications and Multimedia…
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CarDekho Is Investing $100 Million In Its FinTech Subsidiary Rupyy!
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CarDekho Group, interested in an initial public offering, said it would invest $100 million in its fintech subsidiary Rupyy, in a mix of debt and equity. Rupyy crossed a monthly auto loan disbursement volume of Rs 500 crore in September. The brand plans to reach an annual disbursement volume of…
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Startup Rivero Becomes The First Swiss Visa FinTech Partner!
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Rivero, a fintech provider pioneering SaaS solutions, announced that it had become the first Swiss company to be accepted by the Visa Fintech Partner Connect program. This program from Visa provides access to world-class and trusted technology partners.
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U.S. SEC Files Charges Against $295 Crypto Ponzi Scheme Trade Coin Club!
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The U.S. Securities and Exchange Commission (SEC) has filed charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor and Jonathan Tetreault for their roles in Trade Coin Club. This fraudulent crypto Ponzi scheme collected more than 82,000 Bitcoin worth $295 million from more than 100,000 investors worldwide. Like all…
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Wirecard Was The House Bank For Companies Behind Youporn And Pornhub!
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When Commerzbank terminated the account of the porn company Manwin, Wirecard was on the spot. The German fintech did business with the porn industry for longer than ex-CEO Markus Braun portrayed it to the outside world. Wirecard found its first customers in the gambling and porn industries. Over the years,…
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BaFin Warns Of “FRAUDULENT AUTHORITY” In Germany Posing As UK FCA!
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“BaFin would like to clarify that the U.K. Financial Conduct Authority is not targeting consumers in Germany.” The German Federal Financial Supervisory Authority (BaFin) has warned that retail investors are being contacted by people claiming to work for the U.K. Financial Conduct Authority (FCA).