While offering exciting opportunities for investors, the crypto market has also witnessed its fair share of scams and fraudulent activities. Among them, OneCoin stands out as the largest crypto scam in history, leaving investors in disbelief and regulators scrambling to take action.
The takeover of Credit Suisse resulted in an extraordinary profit of 31 billion Swiss francs for UBS. However, CS shareholders are now suing against the exchange ratio of 76 centimes per share.
It is probably the most significant compensation sum ever paid by a bank in the USA for sexual abuse: Deutsche Bank pays 75 million dollars to a woman who Jeffrey Epstein had abused. She accused the bank of ignoring evidence of his machinations to continue doing business with him.
In March, the Terra founder, Do Kwon, was arrested at Podgorica airport. He has been released from custody on bail, according to a report by Montenegrin news site Pobjeda.
The FTX founder is accused by the U.S. Department of Justice (DOJ) of fraud, money laundering, and embezzlement. Now Sam Bankman-Fried is calling for the charges against him to be dropped.
The American healthcare actual property firm Medical Properties Belief (MPT) has filed a defamation lawsuit in a U.S. federal courtroom. MPT opposes short-selling Viceroy Research and its three members. Is this a SLAPP lawsuit without merits?
Wirecard had commissioned the special audit when doubts about third-party transactions in Asia became known. The company collapsed in June 2020! Allegedly, the former Wirecard board led by Markus Braun had effectively blocked a special audit of the payment processor, according to auditor KPMG.
Her start-up Theranos promised a revolution in blood testing, but Elizabeth Holmes was convicted of being a fraud. Now she will probably have to serve her more than eleven-year prison sentence, although her appeal is still pending.
In the U.S., the trouble for the world's largest crypto exchange Binance does not stop. Only one week after the regulatory authority CFTC filed a fraud complaint against Binance, the Adam Moskowitz law firm filed a class action against the crypto exchange, its managers, and promotors.
