January 16, 2025/US SEC On November 18, 2024, the United States District Court for the Southern District of California granted the Securities and Exchange Commission’s motion for summary judgment against Andrew Hackett based on his criminal conviction for related conduct. According to the SEC’s complaint, beginning in February 2017, Hackett […]
Frauds & Scandals
SEC Charges New York Blockchain Engineer with Perpetrating “Rug Pull” Fraud
January 16, 2025/US SEC The Securities and Exchange Commission today charged New York blockchain engineer Eric Zhu with perpetrating a fraudulent scheme to defraud investors in the “Game Coin” token (“GME”), a crypto asset that was offered and sold as a security by Game Coin, LLC and its founders. As […]
SEC Charges Two Sigma for Failing to Address Known Vulnerabilities in its Investment Models
Firm ignored material vulnerabilities for years; voluntarily repaid impacted funds and accounts $165 million January 16, 2025/US SEC he Securities and Exchange Commission today announced settled charges against New York-based investment advisers Two Sigma Investments LP and Two Sigma Advisers LP (collectively, Two Sigma) for breaching their fiduciary duties by […]
