Supreme Court Won’t Hear Elon Musk Dispute Over SEC Settlement April 29, 2024 By John Kruzel The U.S. Supreme Court declined on Monday to hear Elon Musk’s bid to throw out part of a securities fraud...
Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud July 13, 2023 By Niket Nishant, Hannah Lang and Elizabeth Howcroft Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a...
New York Attorney Sentenced in Multi-Million Dollar Litigation Financing Scheme July 29, 2022 A disbarred New York lawyer was sentenced yesterday to 36 months in prison for defrauding investors in his now bankrupt...
Musk Appeals Ruling That Upheld Securities Fraud Settlement June 20, 2022 Tesla CEO Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk’s tweets claiming...
Architect of Allianz Fraud Made $60 Million as He Lied to Investors, U.S. Says May 18, 2022 By Tom Sims and Alexander Huebner The star portfolio manager at the center of a fraud at the U.S. funds unit of Allianz SE relied on...
Martin Shkreli’s Law Firm Has Not Been Paid, Seeks to Withdraw April 13, 2022 By Jonathan Stempel The law firm that defended Martin Shkreli against antitrust charges said it has not been paid, and on Tuesday asked...
Supreme Court Upholds But Curbs SEC’s Power to Force Ill-Gotten Gains in Fraud Cases June 22, 2020 By Lawrence Hurley and Andrew Chung The U.S. Supreme Court on Monday placed limits on the Securities and Exchange Commission’s practice of forcing defendants to surrender...
SEC Accuses Two Companies of Making Misleading COVID-19 Claims May 14, 2020 The Securities and Exchange Commission has charged two companies it says claimed to offer products to combat the COVID-19 virus....
Supreme Court Upholds SEC on Scope of Securities Fraud Liability March 27, 2019 By Greg Stohr The U.S. Supreme Court reinforced the Securities and Exchange Commission’s powers, upholding sanctions against an investment banker found to have...
Supreme Court Weighs Liability for Sharing Fraudulent Securities Information December 4, 2018 By Andrew Chung U.S. Supreme Court justices on Monday appeared reluctant to further limit the scope of who can be held liable for...