JPMorgan Chase & Co. and Danske Bank A/S were among asset managers to freeze funds with exposure to Russian equities amid a plunge in markets.…
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Category: Ponzi Scheme
SEC’s ‘communication protocol systems’ rule could hit DeFi
Good morning, and welcome to Protocol Fintech. This Monday: the SEC makes a move on DeFi, SWIFT action, and Hester Peirce on regulating code. Off…
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Investors split about whether Apple can maintain growth, survey suggests
A small questionnaire sent out to a handful of Apple investors suggests that there isn’t a consensus on whether the Cupertino tech giant can maintain…
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Madoff Trustee’s Win Over Citibank Stands as Justices Deny Review
The U.S. Supreme Court declined to review whether Citibank has the burden to prove that it acted in good faith in accepting $343 million from…
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Scope of a bank’s Quincecare duty: Does it extend to protect the customer’s creditors?
Introduction In the case of Stanford International Bank Ltd (in liquidation) v HSBC Bank PLC [2021] EWCA Civ 535, which concerns a negligence claim for…
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Google Blocks Several Russian Channels’ Ad Revenue
Alphabet’s Google on Saturday (Feb. 26) banned Russia’s state-owned media outlet RT and other channels from receiving money for ads on their websites, Reuters reported.…
View More Google Blocks Several Russian Channels’ Ad RevenueToday in Crypto: Ukraine Gets $10M in Donations
The swift recovery of bitcoin from its lows has seen some investors happy for a potential rebound, CoinDesk reported Friday (Feb. 25). According to the…
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BitConnect founder charged with orchestrating $2 billion Ponzi scheme
New York CNN — A federal grand jury in San Diego indicted the founder of BitConnect for allegedly orchestrating a $2.4 billion global Ponzi…
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Oversaturation of gambling [letter] | Letters To The Editor
Gambling problem? Yes, I believe we have a gambling problem. Currently, the state of Pennsylvania operates multiple daily number-drawing games (some of which have two…
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BitConnect Founder Satish Kumbhani Indicted for Ponzi Scheme
Key Insights: BitConnect founder Satish Kumbhani indicted for Ponzi Scheme In 2021, BitConnect and Kumbhani were sued by the SEC. Penalties for illegal activity are…
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