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Tag: Financial crime

  • Coinbase Ex-Executive Convicted Of Insider Trading Is Crypto’s Latest Legal Hope

    Ishan Wahi, a former executive at Coinbase, pleaded guilty this year to giving trading tips to his brother and a college friend that generated nearly $1.5 million in illegal profits. As an Indian immigrant, he could serve more than three years in prison and be deported over time. But Mr. Wahi is still fighting the […]

  • Healthcare CEO is being charged with illegal stock sales in prearranged transactions

    The founder of telehealth provider Ontrak Inc. OTRK -0.16% was charged in a first-of-its-kind insider trading criminal, with prosecutors alleging that he sold millions of dollars worth of stock while abusing a trading scheme that executives normally use to protect themselves from such suspicions. Ontrak Chief Executive Terren Peizer set up pre-agreed trading plans in […]

  • How FTX’s Nishad Singh, Once an Honors Student, Turned to Cryptocrime

    Nishad Singh followed Sam Bankman-Fried into the high-stakes world of cryptocurrency trading. Now he could help put the former FTX executive in jail. Mr Singh, the 27-year-old former technical director at FTX, this week pleaded guilty to six felonies, including wire fraud. He agreed to cooperate with the government’s investigation into the collapse of FTX. […]

  • Sam Bankman-Fried faces more criminal charges from federal prosecutors

    Federal prosecutors charged Sam Bankman-Fried with several other financial crimes and offered extensive new details about the FTX founder’s alleged behavior before the collapse of his cryptocurrency exchange. A new indictment unsealed Thursday charges 30-year-old Mr. Bankman-Fried with four more criminal charges, in addition to eight prosecutors who filed charges they filed in December, weeks […]

  • Ozy Media, CEO Carlos Watson accused of fraud

    Ozy Media and Chief Executive Carlos Watson were indicted on charges of lying to investors and lenders about the size of the company’s audience and other aspects of the company, a crippling blow to a once-promising start-up that gained support from early on. big brand advertisers and venture capitalists. Mr. Watson was arrested Thursday morning […]

  • Crypto Giant Binance expects to pay fines to solve US investigations

    Binance, the world’s largest cryptocurrency exchange, expects to pay fines to settle existing U.S. regulatory and law enforcement investigations of its company, the company’s chief strategy officer said in an interview. Binance grew rapidly and started out as a company driven by software engineers unfamiliar with laws and regulations written to address the risk of […]