Category: Court Cases
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Silicon Valley VC “Party Animal,” Faces Fraud Charges Again!
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Mike Rothenberg, the venture capitalist once dubbed Silicon Valley’s “party animal,” faces trial again after a jury failed to reach a verdict last year on charges that he lied to banks about his wealth to obtain loans and defrauded investors. Rothenberg is accused of fraudulent conduct and misrepresentation, which prosecutors…
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Elon Musk Seeks To Dismiss $258 Billion Dogecoin Lawsuit!
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The plaintiffs point to a series of tweets by Musk about Dogecoin, but his lawyers argue that these were often just “harmless and silly” and “not at all unlawful.” Meanwhile, Evan Spencer, the attorney for the plaintiff side, is “more confident than ever that our case will succeed.”
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Visa And Mastercard Support Suspicion Of Wirecard Fictitious Transactions!
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The former CEO Markus Braun denies allegations of fictitious transactions. In the Wirecard trial, Braun is accused of billion-dollar fraud.
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New Hope For XRP: Will Ripple Win Against The SEC?!
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Since the end of December 2020, the SEC has been at loggerheads with Ripple. The legal dispute drags on and weighs on the cryptocurrency XRP. Is the decisive help for Ripple coming now?
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Crypto Founder Do Kwon Charged With Fraud In The U.S.!
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Do Kwon, cofounder of the collapsed crypto scheme Terra-Luna, was charged with fraud by U.S. prosecutors shortly after local authorities arrested him in Montenegro. A grand jury in New York federal court charged Kwon with securities fraud, wire fraud and commodities fraud, the indictment shows. In February, the SEC already…
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LBRY Credits With A First Victory Over The SEC In Court Case!
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The U.S. Securities and Exchange Commission (SEC) has recently filed several lawsuits against crypto companies for allegedly selling equity-like products, i.e., unregistered securities. The most high-profile case is the SEC’s lawsuit against Ripple, expected to be settled by the end of March 2023 after years of litigation.
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New York Charges Celsius Network Founder Mashinsky With Crypto Fraud!
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The New York Attorney General Letitia James filed charges against Celsius Network founder Alex Mashinsky, alleging that he defrauded investors out of billions of dollars in digital currency by hiding the weak health of his now-bankrupt cryptocurrency lending platform. Mashinsky continued to promote Celsius as a safe alternative to banks…
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Austrian Bitcoin Ponzi Scheme Operators Sentenced To Years-Long Jail Time!
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A 58-year-old Austrian and his 81-year-old father caused enormous damage amounting to 13 million euros throughout the EU with fraudulent Bitcoin trading. The men allegedly ripped off more than 100 victims to the tune of €13 million by promising high returns. The invested capital allegedly was dealt with by professional…
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The Trail Of Wirecard Head Marsalek Is Lost In Putin’s Neighbourhood!
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The most spectacular fraud in German economic history is the Wirecard bankruptcy. The main defendant is former CEO, Markus Braun. On the other hand, one of the prominent masterminds of the scandal, Jan Marsalek, is living comfortably in Russia.
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EU Corruption Scandal: Eva Kaili’s Pre-Trial Detention Extended Despite Her Partial Confession!
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Eva Kaili, the former vice president of the European Parliament admitted to instructing her father to hide large amounts of cash. The Greek member of the European parliament at the center of a cash-for-influence scandal implicating Qatar will remain in jail pending trial, a Belgian court has decided on Thursday.…