Search Results for: law
Cryptocurrency ether plunges again, decoupling from bitcoin
September 13th, 2018
Ether, one of the best-performing cryptocurrencies during the boom last year, is taking another nose dive on Wednesday. The world’s second largest cryptocurrency fell 8 percent to a low of $170.34, bringing its drop since the high in January ...
VW investors seek $11bn in damages over emissions-cheating scandal
September 12th, 2018
Around 1,670 claims have been lodged against Volkswagen (VW) by its shareholders. They claim the automaker should have informed them about the diesel emissions problem before regulators did in 2015. Angry investors are seeking €9.2 billion ($10.7 billion) in ...
Pan-European tax fraud web leads to New Jersey and Dubai
September 12th, 2018
White-collar criminals aren’t usually so blatant about their intentions. But after tracking a trail of tax fraud that flowed from Denmark to Germany, the UK, Canada, Luxembourg and Malaysia, Danish investigators stumbled on a corporation in Delaware whose name ...
Two brokers charged with defrauding customers
September 11th, 2018
The Securities and Exchange Commission (SEC) charged two brokers for recommending excessive levels of trading that were costly for retail customers but lucrative for the brokers. In separate complaints filed in federal court in Manhattan on Friday, the SEC ...
The world’s second-largest cryptocurrency Ether plunges more than bitcoin
September 7th, 2018
Ether was the star cryptocurrency last year, way outperforming its predecessor bitcoin. But 2018 has been a different story. The world’s second-largest digital asset is down 76 percent this year and can’t seem to catch a break. Investor patience ...
Dutch bank ING fined 775 million euros in money laundering case
September 7th, 2018
Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands, prosecutors said Tuesday. The country’s financial prosecution service said in a statement that ING for years failed to adequately ...
CySEC fined LQD Markets Ltd €50.000
September 6th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that on its Board meeting held on July 2, 2018, decided to impose an administrative fine to LQD Markets Ltd. In accordance CySEC’s announcement, CySEC decided to ...
Invest in Cryptocurrencies: Beware of fraudsters using cryptocurrencies to swindle consumers
September 5th, 2018
The Financial Services and Markets Authority (FSMA), a public institution that supervises the Belgian financial sector, has issued a warning to inform public and investors about cryptocurrency trading platforms with identified signs of fraud. In accordance the warning, the ...
Russian Police seize 22 Cryptocurrency ATMs
September 4th, 2018
Russian police have recently seized cryptocurrency ATM machines under orders from the country’s central bank. According to local publication RBC, the ATM developer impacted by the seizure plans to appeal the action, and has incurred economic damage and costs ...
BNP Paribas ordered to pay $90 Million penalty; The reason?
August 31st, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against BNP Paribas Securities Corp. (BNP Paribas or the Bank) for attempted manipulation of the ISDAFIX benchmark and requiring BNP Paribas to pay a $90 million ...
