Former cryptocurrency tycoon, Sam Bankman-Fried, will not be facing federal charges related to campaign finance donations, according to recent announcements by federal prosecutors.
The decision to drop the charge is based on treaty obligations with the Bahamas, where Bankman-Fried was arrested in December following the collapse of his multi-billion dollar crypto exchange, FTX. He was initially charged with fraud and campaign finance violations for allegedly donating $90 million of customer deposits to political candidates and action committees.
US federal prosecutors are seeking to return fallen crypto star and former CEO of FTX crypto exchange, Sam Bankman-Fried, to prison. According to preliminary hearings, the Justice Department aims to prevent Bankman-Fried, also known as SBF, from further leaking sensitive material to the press and influencing witnesses.
Coinbase CEO, Brian Armstrong, is actively encouraging US citizens to take a stand and support the Financial Innovation and Technology for the 21 Century Act (FIT21), a groundbreaking legislative proposal that could bring much-needed regulatory clarity to the crypto industry.
The vote on FIT21 and the Blockchain Regulatory Certainty Act took place on July 26, representing a significant step towards defining the jurisdictional boundaries for crypto companies.
The Austrian Supreme Court (OGH) has confirmed the verdict of the Vienna Criminal Court on September 15, 2020, exonerating Cevdet Caner and five co-defendants, dismissing the appeals made by the Vienna State Prosecutor's Office.
The Vienna Criminal Court had rejected all charges brought forward by the Vienna State Prosecutor's Office, deeming them completely unfounded.
The short-sellers around Viceroy and Fraser Perring target Hexagon AB (STO: HEXA-B). The multinational technology group for metrology and geoanalytics is controlled by Melker Schörling, the majority shareholder and determining voting shareholder. In a new research, Viceroy Research concludes that Hexagon is run by a "corporate dictatorship." Moreover, Viceroy believes management has committed fraud.
The billion-dollar German-Austrian neobank N26 still has deficits in money laundering prevention. In contrast, co-chief executive Maximilian Tayenthal now declares two other areas to be problem-free.
Financially, the Adler Group is not doing well. The real estate group ends the past year with a loss of billions. Now there are also investigations because of questionable balance sheets and consulting contracts. One hundred seventy-five investigators are searching sites across Europe.
After the collapse of Wirecard, ex-CEO Jan Marsalek made a spectacular escape. Since then, there has been speculation about whether he is still alive....
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.
