A British foreign exchange company boss who used investors’ cash to fund his luxury lifestyle was sentenced in his absence to 14 years in jail on Friday over a 70 million pound ($88 million) Ponzi scheme. Anthony Constantinou was found guilty last month of one count ...Read More

If it were his choice, O’Leary Ventures Founder and Shark Tank investor Kevin O’Leary would fire Coinbase’s CEO amid the Security and Exchange Commission’s (SEC) crackdown on cryptocurrency. O’Leary, also known as “Mr. Wonderful,” criticized Coinbase (COIN) CEO Brian Armstrong for “butting heads” with the ...Read More

The City of London started distancing itself from hedge fund manager Crispin Odey hours after the publication of fresh allegations of sexual assault against women over several decades. Morgan Stanley has begun the process of terminating its prime brokerage relationship with his namesake firm, Odey ...Read More

The Securities and Exchange Commission filed 13 charges against Binance, the world’s largest crypto exchange, and its co-founder Changpeng Zhao, alleging that both comingled billions of dollars worth of user funds and sent them to a European company controlled by Zhao. The U.S. regulator alleged that Zhao ...Read More

The former head of Wells Fargo & Co’s retail bank agreed to pay a $3 million penalty to settle U.S. Securities and Exchange Commission fraud charges for misleading investors about sales practices used to inflate a performance metric, the SEC said on Tuesday. Carrie ...Read More

Goldman Sachs is preparing for its third round of layoffs since September as Wall Street firms adjust to a slump in deals activity. The company is expected to trim fewer than 250 jobs in the coming weeks, a person with knowledge of the New York-based ...Read More

The record $279 million whistleblower award issued by the Securities and Exchange Commission earlier this month stemmed from a bribery case against telecommunications company Ericsson. The award from the SEC’s cash-for-tips program was related to the $1.1 billion settlement the Swedish company reached with U.S. authorities in 2019 over ...Read More