Just days after a federal grand jury handed down a $2.4 billion indictment of operating a global Ponzi scheme, BitConnect founder Satish Kumbhani, 36, has apparently gone missing from his native India, Securities and Exchange Commission (SEC) attorney Richard Primoff said in a Monday (Feb....
Founders of cryptocurrency exchange BitMEX have pleaded guilty to violating bank secrecy regulations by failing to establish an anti-money laundering (AML) program, the U.S. Attorney’s Office in Manhattan announced Thursday (Feb 24). Get the Full Story Complete the form to unlock this article and enjoy...
Nigeria said JPMorgan was “grossly negligent” in transferring funds to the country’s disgraced former oil minister, and is suing the firm for $1.7 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The European Union (EU) brought accusations against China to the World Trade Organization (WTO) on Friday (Feb. 18), alleging Beijing stopped European tech firms from pursuing recourse in foreign courts to defend their own patents. Get the Full Story Complete the form to unlock this...
It’s been more than two decades since the nation’s healthcare data privacy law was enacted, and two United States senators say it’s time to revise the outdated regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A federal judge, Chief U.S. District Judge Beryl Howell, has ordered the pretrial detention for a defendant, Ilya Lichtenstein, arrested on conspiring to launder billions in stolen bitcoin, The Wall Street Journal reported Monday (Feb. 14). Get the Full Story Complete the form to unlock...
Federal prosecutors on Friday (Feb. 11) dropped criminal charges against Citigroup, Deutsche Bank and four senior bankers related to a “significant cartel case” by the Australian Competition & Consumer Commission (ACCC), ending a case that dates back to August 2015, The Financial Times reported. Get...
Elevate Credit agreed to pay a minimum of $3.3 million for charging people interest rates above the 24% maximum allowed by Washington, D.C for loans and credit lines, according to a statement from the Office of the Attorney General for the District of Columbia. Get...
The Federal Trade Commission (FTC) has filed a lawsuit against hamburger franchise Burgerim, saying it falsely represented itself to those who wanted to own a franchise location, according to a Tuesday (Feb. 8) FTC blog post. Get the Full Story Complete the form to unlock...
