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Friday, March 15, 2024 | Back issues
Courthouse News Service Courthouse News Service

Securities

Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud

“Sam is not the ‘evil genius’ depicted in the media or the greedy villain described at trial,” Bankman-Fried attorney Marc Mukasey said.

FTC targets online computer repair tool scams Restoro and Reimage

According to the Internet Crime Complaint Center, online scams defrauded Americans out of $12.5 billion in 2023, with Americans over 60 bearing the brunt with $3.4 billion in losses.

UK high court rules Australian computer scientist is not mysterious bitcoin founder as he claims

At stake was not just bragging rights to the creation of bitcoin, the world’s most popular virtual currency, but control of the intellectual property rights.

Crypto sales, domestic sales

MANHATTAN — The Second Circuit ruled that cryptocurrency exchanges on the website Binance are domestic transactions, reversing a New York federal court’s decision to dismiss the crypto purchasers’ lawsuit under the Securities and Exchange Act for being an impermissible, extraterritorial application of the law. The parties were “bound to the transactions in the United States.”

Crypto scam crackdown

BOISE, Idaho — A federal court in Idaho granted the Securities and Exchange Commission’s motion for penalties against a crypto investment broker who lured investors into paying millions into his company through false representations, then misappropriated the funds for his personal use. He’ll disgorge over $5.2 million in ill-gotten gains, over $125,000 in interest, and will pay almost $7 million in civil penalties.

Bitcoin bounces to an all-time high less than two years after FTX scandal clobbered crypto

Bitcoin has a history of drastic swings in price — which can come suddenly in trading that continues at all hours, every day.

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