Israeli court appoints temporary liquidator for Spondoolies LeapRate

May 11, 2016 BY Maria Nikolova

Israeli court appoints temporary liquidator for Spondoolies

Less than three months after Israel’s Office of Chief Scientist (OCS) approved the proposed merger of blockchain technology focused group BTCS Inc (OTCMKTS:BTCS) and Spondoolies-Tech Ltd, the Israeli transaction verification server manufacturer ceased operations. On May 4, 2016, a hearing was held in the district court in Beersheva, Israel during which certain parties sought appointment of…

March 15, 2016 BY Maria Nikolova

FX Ponzi scheme architect Phillip Boakes gets additional 730-days prison sentence

At a hearing at the City of Westminster Magistrates’ Court today, Phillip Harold Boakes, the mastermind of a vast-scale Ponzi scheme that defrauded investors of more than £3.5 million, got a 730-days prison sentence, the reason being his failure to pay a confiscation order. The new prison sentence is in addition to the term of…

February 12, 2016 BY Maria Nikolova

UK Court orders Alex Hope, Raj Von Badlo to pay £2.9 million to defrauded investors

There is some development in the story about the UK prosecution of Alex Hope, the mastermind of a fraudulent FX investment scheme, and his accomplice Raj Von Badlo (also known as Raj Shastri)... Southwark Crown Court today ordered nearly £2.65 million ($3.86 million) to be returned to investors who had entrusted their money in a…

February 05, 2016 BY Maria Nikolova

HYIP scheme architect gets $1.12 million penalty in Quebec

Quebec court has imposed a fine of CAD 1.54 million (USD 1.12 million) on Alain André Desarzens, an operator of a high-yield investment program. The legal decision comes after an investigation by the Quebec financial markets regulator AMF, which showed that Mr Desarzens was running numerous HYIP promotions online and via emails. He was promising…

February 01, 2016 BY Maria Nikolova

Court approves proposed acquisition of Betfair by Paddy Power

Shortly after the proposed merger of Paddy Power plc and Betfair Group Ltd (LON:BET) secured the nods of approval of the UK Competition and Markets Authority (CMA) and Ireland’s Competition and Consumer Protection Commission (CCPC), the deal got the approval of a UK court. The High Court of Justice of England and Wales has today…

September 08, 2015 BY Maria Nikolova

Tag: legal issues