Tag: charges

CFTC
January 10, 2023 BY Steffy Bogdanova

CFTC charges Mango Markets manipulator with fraud in a $110 million scheme

Acting Director of Enforcement Gretchen Lowe, said: The CFTC will use all available enforcement tools to aggressively pursue fraud and manipulation regardless of the technology that is utilized. The CEA prohibits deception and swap manipulation, whether on a registered swap execution facility or on a decentralized blockchain-based trading platform.” The scheme According to the official…

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SEC
January 05, 2023 BY Steffy Bogdanova

SEC charges CoinDeal Crypto Scheme creator in a $45 million fraud

According to SEC, CoinDeal was never sold and no distributions were made to its investors. Furthermore, the defendants misappropriated millions of dollars of investor funds for personal use. Chandran even used the investment funds t buy cars, real estate, and a boat. Daniel Gregus, Director of the SEC’s Chicago Regional Office, said: We allege the…

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FTX
December 28, 2022 BY Steffy Bogdanova

US investigates FTX hack and the stolen $370 million

FTX filed for bankruptcy in November following the quick collapse of the exchange after a liquidity crisis and a failed bailout by Binance. Bankman-Fried stepped down as a CEO after the string of events. The founder of the exchange was accused of "fraud of epic proportions" and is facing criminal charges for defrauding investors. Additionally,…

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SEC
September 15, 2022 BY Steffy Bogdanova

SEC charges Loop Capital Markets in first case against broker-dealer municipal advisor violation

Furthermore, SEC discovered that Loop Capital did not maintain a system reasonably designed to supervise its municipal securities activities. The regulator noted that its procedures were inadequate, using insufficient methods to identify potential violations of the municipal advisor registration rules. LeeAnn Ghazil Gaunt, Chief of the Enforcement Division’s Public Finance Abuse Unit, said: The municipal…

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BNY Mellon Investment Adviser charged with omissions in ESG by SEC
September 13, 2022 BY Steffy Bogdanova

SEC announces charges against Oppenheimer & Co., BNY Mellon, TD Securities, and Jefferies

Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, said: I applaud the excellent work of the Division’s Public Finance Abuse Unit in bringing these first-ever actions in the $4 trillion municipal bond space. We encourage underwriters to examine their practices and to self-report any failures to us before we identify them ourselves. LeeAnn…

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ASIC ban
August 19, 2022 BY Steffy Bogdanova

Former DanFX Trade director arrested following ASIC investigation

ASIC noted that in some cases, the money Ali received from investors had come from investors’ self-managed superannuation accounts. In 2018, in the midst of ongoing civil proceedings against him and an ongoing investigation, Ali left Australia. He was arrested in Poland in November 2021 after a warrant for his arrest was issued. Poland granted…

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June 16, 2022 BY Steffy Bogdanova

BitMEX co-founder Benjamin Delo gets probation

The saga began in October 2020, when the CFTC filed a complaint against BitMEX trading platform and its co-founders for operating the business from the US without any license. Two other co-founders of BitMEX, Arthur Hayes and Samuel Reed, have also pleaded guilty to defying AML rules. Hays was already sentenced in May to serve…

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