Frauds & Scandals

SEC Charges Failed Fyre Festival Founder and Others With $27.4 Million Offering Fraud

July 24, 2018/US SEC The Securities and Exchange Commission today announced that New York entrepreneur William Z. (Billy) McFarland, two companies he founded, a former senior executive, and a former contractor agreed to settle charges arising out of an extensive, multi-year offering fraud that raised at least $27.4 million from […]

SEC Charges Mizuho Securities for Failure to Safeguard Customer Information

  July 23, 2018/US SEC The Securities and Exchange Commission today charged Mizuho Securities USA LLC for its failure to safeguard information pertaining to stock buybacks by its issuer customers.  Mizuho failed to maintain and enforce policies and procedures aimed at preventing the misuse of material nonpublic information, including maintaining […]

Barclays Files Two Digital Currency and Blockchain Patents with U.S. Patent Office

Culled—Proshare 21/7/2018/Cointelegraph ‏ Barclays has filed two patent applications relating to the transfer of digital currency and blockchain data storage, both published by the U.S. Patent and Trademark Office (USPTO) July 19. The first patent describes a system for transferring digital currency from payer to recipient that would securely authenticate the identities of both, as […]