Articles Posted in Fraud

Expect changes in cryptocurrency regulations, ESG enforcement, and cybersecurity cases.

SEC Made Numerous Material Misrepresentations to Utah District Court ***UPDATES BELOW – 3/19/24 and 6/4/24*** For a government agency with the talent and resources of the Securities and Exchange Commission, its ability to lose its focus and score an own goal is sometimes remarkable. At the same time the Supreme Court has power of administrative…

A federal jury in New York has found South Korean crypto magnate Do Kwon—and his company Terraform Labs—liable for defrauding investors who collectively sank billions of dollars into cryptoassets whose value later fell to near zero. Lisa Braganca was interviewed by Wired magazine regarding the likely implications for the crypto industry from this verdict.

Lisa Braganca interviewed by Andrew Ross Sorkin on CNBC’s Squawk Box about the implications of the guilty plea by Binance CEO Changpeng Zhao (“CZ”) on criminal liability for crypto industry leaders.

Lisa Braganca interviewed about SBF trial on Coindesk TV, describing the overwhelming evidence presented at trial from insiders, but also the dangers of having a defendant freely making statements prior to trial.

One of the fastest-growing cyberfrauds is the closing payment scam — the theft of home-purchase money wired for closings. How does this scam work? How can you protect yourself? How can you recover losses if you are a victim of this scam? Closing Payment Scam In this scam, the fraudsters hack the email account of…

There are numerous hidden fees that you should be looking for in employer retirement accounts like 401(k). This piece by John Wasik tells you about some of the biggies — surrender fees, back-end loads, front-end loads, and 12b-1 fees, which are marketing and distribution fees that you should not be paying. Paying 12b-1 fees for…

When federal government employees recommend an investment adviser who steals employee retirement funds, “sovereign immunity” prevents recovery against the government. In many ways, the retirement savings of federal employees are safer than employees of private companies. The Thrift Savings Plan and other 401(k)-like plans offered by the federal government have fewer of the inappropriate investment…