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Articles Posted in Cryptocurrency

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SEC Warns Investors About Online Crypto Scams

The SEC recently released a new investor alert detailing ways that investors can be lured into new frauds involving crypto assets with both new and old techniques. Online scams are still the predominant method. But the addition of AI adds a false sense of believability that can make even tech-savvy…

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SEC Issues Warning Regarding “Proof Of Reserves” in Crypto Asset Markets

The SEC Office of Investor Education and Advocacy issued an investor bulletin warning crypto investors about the dangers of trusting audits that don’t follow SEC rules and Public Company Accounting Oversight Board standards. Many crypto companies and issuers of “stablecoin” have been working to assure investors that their funds are…

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Scott Silver And David Chase Make Third Appearance As Guests On ‘Cut To The Chase’ Legal Podcast

Following appearances in 2021 and February, 2023, SEC whistleblower attorneys Scott Silver and David Chase were again invited back to the ‘Cut To The Chase’ legal podcast. The podcast is hosted by Miami attorney and entrepreneur Gregg Goldfarb, who discusses legal and public interest news with authorities in their field.…

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Criminal Charges Filed Against Sam Bankman-Fried In FTX Collapse

Former FTX owner and CEO Sam Bankman-Fried has been indicted with eight counts of fraud by the Justice Department following the rapid collapse of the cryptocurrency platform. In the petition, he is referred to by his frequently known moniker, “SBF.” The documents were unsealed on Tuesday, December 13, 2022, in…

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SEC Indicts Sam Bankman-Fried and FTX In Cryptocurrency Collapse

The former CEO of the FTX cryptocurrency exchange has been arrested in connection with the company’s bankruptcy and collapse. Sam Bankman-Fried (SBF) was arrested in The Bahamas on Monday, December 12, 2022, at the request of US authorities and denied bail. His entire operation is detailed in the petition by…

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Johan Pereira Suspended After OBA With Bitcoin And Securities Work

Johan Pereira (Johan Manuel Pereira CRD#: 6252881) is a former registered broker and investment advisor whose last known employment was with Wells Fargo Clearing Services, LLC (CRD#:19616) of Beverly, MA. His previous employers are Santander Securities LLC (CRD#:41791) of North Andover, MA, Citizens Securities, Inc. (CRD#:39550) of Wilmington, MA, and…

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Massachusetts Fines DMG CryptoCurrency Company For Violating Securities Laws

The Massachusetts Securities Division recently levied $1 million in fines against U.S. Data Mining Group (DMG) for allegedly conducting unregistered securities offerings. The Division, in its complaint, alleged that the bitcoin mining company failed to register its stock while fundraising. DMG also failed to notify investors that two of the…

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