by Broker Fraud | Jul 17, 2021 | Investment Fraud, Securities Fraud
Elon Musk, the chief executive office of TESLA has been reported by media outlets as touting Dogecoin, a cryptocurrency. In February, the Daily Mail reported that after Musk had been “tweeting relentlessly” promoting Dogecoin, the cryptocurrency jumped 21...
by Broker Fraud | Apr 22, 2021 | Investment Fraud, Securities Fraud
Historically when times are uncertain and large numbers of people are unemployed, as they are during this pandemic, there is a rise in crime, including investment scams. According to the United States Securities and Exchange Commission (SEC), investment scam...
by Broker Fraud | Apr 5, 2021 | Investment Fraud, Securities Fraud
Bitcoin is one of the most widely recognized, and owned cryptocurrencies with a market capitalization of over a trillion dollars in March 2021.1 Cryptocurrencies are digital assets designed to work as a medium of exchange. Unlike paper money, cryptocurrency...
by Broker Fraud | Dec 30, 2020 | Investment Fraud, Securities Fraud
The United States District Court for the Southern District of New York on October 1, 2020, unsealed a criminal indictment against four BitMEX executives for violations of the U.S. Bank Secrecy Act (BSA).1 It is a move that is noteworthy in that the “Department...
by Broker Fraud | Oct 1, 2020 | Investment Fraud, Securities Litigation
Wells Fargo Sanctioned by FINRA for Not Supervising Variable Annuity Transaction Switches to Other Company Products In February, Wells Fargo settled a civil lawsuit and criminal prosecution filed ty the U.S. Department of Justice stemming from the 2016 disclosure that...
by Broker Fraud | Jul 28, 2020 | Investment Fraud, Securities Fraud
Banks are subject to rules which require them to verify the identity of their customers. This is a problem for criminals who have large sums of cash from illegal activities. Increasingly, criminals have turned to cryptocurrency to launder their cash. Chainalysis, a...
