Search Results for: Fraud
Lebanon prepares to launch digital currency
December 7th, 2018
Lebanon’s Banque du Liban governor, Riad Salameh, said that preparations were underway to issue a digital currency in the Lebanese pound, to be used locally only. In comments made at the opening of the Anti-Cybercrime Forum in Beirut, Salameh ...
SEC halts alleged insider trading ring spanning three countries
December 7th, 2018
The Securities and Exchange Commission (SEC) has filed insider trading charges against an IT contractor and two others he illegally tipped with confidential client information he stole while working in the Singapore branch of an investment bank. The SEC ...
Boxer Floyd Mayweather and music producer Khaled Khaled charged with unlawfully touting Coin Offerings
December 4th, 2018
The Securities and Exchange Commission (SEC) announced settled charges against professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). These ...
Cryptocurrencies are set to go mainstream in Malaysia
November 29th, 2018
Bank Negara Malaysia, the Central Bank of Malaysia, moves to regulate the world of digital monies in the country from next year onwards. The move is expected to instill some public confidence in the viability of these tokens, and ...
Why interest rates are rising long-term
November 23rd, 2018
There are growing expectations that the current cycle of rising interest rates will result in a deflationary recession. While a credit crisis is increasingly likely to evolve in the coming months, it is a highly inflationary situation. A ...
ACCA Research: 48% of public believe auditors ‘could prevent company failures’
November 23rd, 2018
A survey of 1,000 members of the general public by ACCA (the Association of Chartered Certified Accountants) reveals auditors are expected to play a crucial role in company safeguarding. 48% of the UK public believe it is auditors who ...
No end in sight for Crypto sell-off as Bitcoin approaches $4,000
November 21st, 2018
Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocked confidence in the nascent asset class just as U.S. regulators try to close in on alleged fraud. Bitcoin fell as much as 13 ...
Two Initial Coin Offering issuers settle registration charges
November 20th, 2018
The Securities and Exchange Commission (SEC) announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs). These are the Commission’s first cases imposing civil penalties solely for ICO securities offering registration violations. Both companies ...
Company and individual charged for $170 Million Ponzi Scheme
November 19th, 2018
The Commodity Futures Trading Commission (CFTC) and the Utah Department of Commerce, Division of Securities, through its Attorney General, jointly filed a civil enforcement action in the U.S. District Court for the District of Utah, Central Division, against Defendants ...
Nowhere is safe: France will hunt for tax cheating on social media
November 12th, 2018
France’s tax inspectors will begin searching through social media accounts in 2019 in order to fight against tax evasion, Budget Minister Gerald Darmanin said in an interview. “(The fiscal administration) will be able to see that if you have ...
