2/4/2018/US SEC The Securities and Exchange Commission on April 2, 2018 charged two co-founders of a purported financial services start-up with orchestrating a fraudulent initial coin offering (ICO) that raised more than $32 million from thousands of investors last year. Criminal authorities separately charged and arrested both defendants. The SEC’s complaint […]
Investors Bite
Alibaba to Buy Remaining Shares in Food Delivery App Ele.me
1/4/2018/US News (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd said on Monday it would buy the remaining shares of Ele.me, a major platform in China’s food delivery market, as it competes with Tencent Holdings Ltd services for offline consumers. Alibaba and affiliate Ant Small & Micro Financial Services […]
SEC Charges Fintech Company Founder With Scheme to Defraud Investors and Misappropriate Funds
April 2, 2018/US SEC The Securities and Exchange Commission has charged Michael Liberty, the founder of the fintech startup now known as Mozido Inc., with a scheme to trick hundreds of investors into investing in his shell companies instead of Mozido. Liberty and his accomplices then allegedly stole most of […]
