August 30, 2024/US SEC On August 27, 2024, the U.S. District Court for the Southern District of New York entered final judgments against GEL Direct LLC, GEL Direct Trust, Jeffrey K. Galvani, and Stuart A. Jeffery, whom the SEC previously charged for operating as unregistered brokers. According to the SEC’s […]
Frauds & Scandals
SEC Obtains Final Judgment Imposing a $39.5 Million Penalty Against Chinese National Charged with Insider Trading
August 30, 2024/US SEC On August 16, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Shaohua (Michael) Yin, including a penalty of $39.5 million paid out of funds frozen in the brokerage accounts that Yin allegedly used to engage in insider trading. The SEC previously charged […]
Statement by Binance CEO: Tigran’s Deteriorating Condition after 6 Months of Unjust Detention
Despite his conditions, the Nigerian government has refused adequate medical care, including basic needs such as providing access to a wheelchair August 29, 2024/Binance We are now at the six month mark of Tigran’s unjust detention. Tigran’s physical and mental conditions have deteriorated rapidly with his situation being more dire […]