Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale
By Jonathan Shieber From TechCrunch Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billion planned token offering of Telegram’s…
Investors in Cayman Islands & Delaware funds swindled out of $2.6M, claims SEC
From OffsioreAlert New Jersey-based investment manager Don LaGuardia has been accused of misappropriating $2.6 million from investors in his group’s Frontier Funds, which were domiciled in the Cayman Islands and Delaware. SEC v. Donald LaGuardia, Jr.: Complaint Complaint alleging fraud…
SEC asked to investigate ’corrupt’ American phone company in Guyana
By Kathryn Myers From Florida Morning Post Pittsburgh, Pennsylvania – A civic movement headed by well-known Guyanese Writer and Businessman Dennis E. Adonis, is asking the US Senate to take a closer look at the operations of the Guyana Telephone…
US: Wilbur Ross is accused of swindling $120 million from associates
Wilbur Ross is accused of swindling $120 million from associates and ‘could rank among the biggest grifters in American history,’ according to a bombshell Forbes report Joe Ciolli From Business Insider US Secretary of Commerce Wilbur Ross has been accused…
US SEC files charges in busted microcap schemes include Cayman Islands broker
Washington D.C., July 13, 2018 — The Securities and Exchange Commission has charged a stock promoter and four others involved in an alleged series of microcap fraud schemes that were foiled by FBI undercover work and an SEC trading suspension….
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EHi comments on Cayman Islands court’s outright dismissal of Ctrip’s lawsuit and the Ctrip Consortium’s revised non-binding proposal
PR Newswire – Sun Jul 1, 11:21PM CDT Cayman Court States Allegations in Ctrip’s Lawsuit “Unsustainable” and “Unmeritorious,” arising from “the cynical and abusive presentation of a winding-up petition” Court Further Notes That “far from seeking to advance a class…
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ICO predictions for 2018: Big changes for utility tokens
by HOWARD MARKS From TNW 2017 was quite a banner year for the ICO marketplace with over $6.4 billion in crypto invested in hundreds of ICOs. Some investors thought the world had gone crazy, others were saying it was just…
SEC publishes new guidance on cybersecurity disclosures and compliance practice
By Marty Dunn, Scott Lesmes, Miriam H Wugmeister, Marty Dunn, John P Carlin From Morrison Foerster Source: ILO In an unusual step that appears to indicate renewed, if not intensified, scrutiny of public companies’ cybersecurity practices by the Securities and…
Caputo concealed Cayman Island offshore firms from Argentine authorities
By Sandra Crucianelli, Emilia Delfino y From Buenos Aires Times When Luis Caputo became Finance secretary in 2015, he failed to declare in affidavits lodged with the Anti-Corruption Office (OA) that he had shares in two companies, and that he…
CEO of alleged $600 million crypto fraud: ‘I can sleep at night knowing that I did my best’
By Chris Mills From BGR Crypto-currencies are, to put it mildly, exploding right now. The rise of Bitcoin is thoroughly documented, but a hundred thousands other companies are piling it to get a share of the hottest thing in tech….
