March 21, 2018/Reuters UBS AG has reached a $230 million settlement to resolve charges brought by New York state that it misled and hurt investors by selling risky mortgage securities that contributed to the 2008 global financial crisis. New York Attorney General Eric Schneiderman on Wednesday said the Swiss bank […]
Frauds & Scandals
Zuckerberg on Facebook’s data privacy issues: ‘We need to step up’
March 21, 2018/NBC News by Jason Abbruzzese Days after reports that a data analysis firm used by the Donald Trump presidential campaign surreptitiously acquired and used Facebook data from 50 million people, Facebook CEO Mark Zuckerberg acknowledged for the first time Wednesday that his company was partially to blame. He […]
SEC Obtains Preliminary Injunction Against Purported Hedge Fund Manager Charged with Conducting an Ongoing Fraud
March 21, 2018/US SEC Litigation Release No. 24071 / March 21, 2018 Securities and Exchange Commission v. Nicholas J. Genovese, Willow Creek Investments, LP, and Willow Creek Advisors, LLC, No. 18-cv-942 (S.D.N.Y. filed Feb. 2, 2018) The Securities and Exchange Commission has obtained a preliminary injunction and continued asset freeze […]
