SEC charges 11 people in alleged $300 million crypto Ponzi scheme

A flag outside the US Securities and Exchange Commission headquarters in Washington, DC, US, on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images On Monday, the Securities and Exchange Commission said it charged 11 people for their roles in creating and promoting an allegedly fraudulent crypto pyramid and Ponzi scheme that raised … Read more

Former Coinbase manager and two others charged in insider trading plot

The logo for Coinbase Global Inc, the largest US cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, US, April 14, 2021. Shannon Stapleton | Reuters Three people have been charged in the first-ever crypto insider trading tipping scheme, according to a release from the U.S. Attorney’s … Read more

Feds say 2 NY residents used Trump fundraiser, photo in $27M investment scam

Scott Olson | Getty Images Two New York residents were arrested Monday on a federal criminal complaint accusing them of a nearly decade-long $ 27 million investment fraud scheme that leveraged their attendance at a 2017 fundraiser with then-President Donald Trump. Prosecutors said Sherry Xue Li and Lianbo Wang lured more than 150 victims, many … Read more

Google offered to spin off ad business to ward off a new suit: WSJ

CNBC: Sundar Pichai, CEO of Alphabet and Google being interviewed by Deirdre Bosa. CNBC Google has offered to split parts of its ad-tech business into a separate company under its parent company Alphabet to ward off a second expected antitrust lawsuit from the Department of Justice, The Wall Street Journal reported Friday. Such a concession … Read more

Theranos ex-COO Sunny Balwani found guilty after Holmes conviction

SAN JOSE, Calif. – In the final chapter of the Theranos saga, Ramesh “Sunny” Balwani, the company’s former chief operating officer and ex-boyfriend of founder Elizabeth Holmes, was found guilty of all 12 criminal fraud charges. Balwani had no reaction as the verdict was read at the U.S. District Court in San Jose, California and … Read more

Theranos ex-CEO Sunny Balwani found guilty six months after Holmes conviction

SAN JOSE, Calif. – In the final chapter of the Theranos saga, Ramesh “Sunny” Balwani, the company’s former chief operating officer and ex-boyfriend of founder Elizabeth Holmes, was found guilty of all 12 criminal fraud charges. Balwani had no reaction as the verdict was read at the U.S. District Court in San Jose, California and … Read more

Amazon investigated by UK watchdog over its marketplace practices

An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images The UK’s antitrust regulator on Wednesday said it was investigating Amazon over whether the US e-commerce giant is hurting competition by giving an unfair advantage to its own retail business and sellers that use its services over third-party merchants on its marketplace. Britain’s Competition … Read more

DOJ settles with Facebook over allegedly discriminatory housing ads

Facebook CEO Mark Zuckerberg testifies before the US House Financial Services Committee during An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors hearing on Capitol Hill in Washington on Oct. 23, 2019. Xinhua News Agency | Getty Images The Department of Justice reached a settlement with Facebook owner Meta over … Read more

Former Amazon employee convicted in Capital One hack

Signage is displayed on the exterior of a Capital One Financial Corp. cafe branch in Walnut Creek, California, US, on Tuesday, July 18, 2017. Bloomberg | Getty Images A former Amazon Web Services employee was convicted of hacking into Capital One and stealing the data of more than 100 million people nearly three years ago … Read more

Google hit by second UK antitrust probe into online ad dominance

The entrance to Google’s UK offices in London. Olly Curtis | Future Publishing | via Getty Images The UK’s competition regulator has opened a fresh investigation into Google, taking aim at the company’s role in the advertising technology market. It’s the second major antitrust probe to target Google’s ad practices in the UK The Competition … Read more