Lawsuit

Lawsuit

Crypto lender Celsius is a ‘Ponzi scheme’ that used customer funds to manipulate token prices, former employee says in lawsuit

Celsius Network, the crypto lender that froze assets last month, used customer funds to manipulate the price of its proprietary token and lost hundreds of millions of dollars by failing to hedge risk, a former money manager for the company said in a lawsuit. Celsius amassed more than ...Read More

Charles Schwab to pay $187 million to settle SEC charges that it misled robo-advisor clients on fees

Charles Schwab agreed to pay $187 million to settle an SEC investigation into alleged hidden fees charged by the firm’s robo-advisor, Schwab Intelligent Portfolios, according to an agency announcement on Monday. “Robo-advisor” is shorthand for a digital investment service that uses algorithms to judge how to ...Read More