Compliancex - Page 22 of 30 - The Compliance Exchange

FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges

Jack J. Kelly Arrest, Congress, Cryptocurrency, Investors, Money Laundering, SEC, Securities Fraud, Wire Fraud December 13, 2022

FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the onetime crypto billionaire ...Read More

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Crypto: Bieber, Madonna, Steph Curry, Snoop Dogg in Big Trouble

Jack J. Kelly Cryptocurrency, Investors, Lawsuit, NFT, SEC December 12, 2022

The adventure of celebrities in the crypto space is turning into a real nightmare. After lawsuits against billionaire Mark Cuban along with bankrupt crypto lender Voyager Digital, Tom Brady, Steph Curry, Naomi Osaka, Gisele Bundchen, Larry David and others in the bankruptcy of cryptocurrency ...Read More

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US Prosecutors Look to Charge Binance, Executives on Possible Money Laundering Violations

Jack J. Kelly Cryptocurrency, Investigation, Money Laundering December 12, 2022

U.S prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reported, citing two people. The Department of Justice has also discussed possible plea deals with Binance’s lawyers, the report added. Prosecutors in the U.S. Attorney’s Office ...Read More

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Congressman Calls for Investigation Into Gensler, SEC’s Role in FTX Collapse

Jack J. Kelly Cryptocurrency, Investigation, SEC, Securities and Exchange Commission December 9, 2022

A Democratic congressman is calling for an independent investigation into the Security and Exchange Commission’s failure to prevent the historic collapse of crypto exchange FTX. In a strongly worded letter sent Tuesday, Representative Ritchie Torres (D-NY) called upon the Government Accountability Office (GAO) to ...Read More

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Prosecutors, SEC Squeeze FTX Associates For Information

Jack J. Kelly Cryptocurrency, Investigation, Investors, SEC, Trading December 5, 2022

While FTX founder Sam Bankman-Fried continues to make lawyers cringe every time he opens his mouth, US authorities are seeking information from investors and trading firms that worked closely with the company. According to Bloomberg, the US Attorney’s Office for the Southern District of New York (SDNY) ...Read More

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Feds Charge 21 People In Global Crypto Money Laundering Bust

Jack J. Kelly Cryptocurrency, Money Laundering December 5, 2022

The U.S. Attorney’s Office for the Eastern District of Texas announced on Wednesday that it has charged 21 people in a transnational crypto money-laundering network that washed millions in funds scammed from thousands of U.S. victims. The charges were unsealed as part of ...Read More

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Former SEC official slams Tether for running a Ponzi scheme, labels firm as a ‘house of cards’

Jack J. Kelly Cryptocurrency December 5, 2022

Former Securities Exchange Commission (SEC) enforcement official John Reed has questioned the implication of the alleged lack of transparency by USDT stablecoin provider Tether. According to Reed, who worked with SEC for almost two decades, Tether’s failure to disclose key information about its balance sheet might be ...Read More

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Woes Of The Crypto Bros: These 5 Billionaires Lost The Most Money In 2022

Jack J. Kelly Cryptocurrency December 5, 2022

It’s been a tough year financially for crypto billionaires after the market suffered a trillion-dollar crypto crash. The wipeout has resulted in thousands of lawsuits as investors attempt to recoup their lost billions. The top crypto leaders in the space have lost a combined US$112.7 billion ...Read More

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SEC Awards $20 Million to Whistleblower

Jack J. Kelly SEC, Securities and Exchange Commission, Whistleblower November 30, 2022

The Securities and Exchange Commission today announced an award of $20 million to a whistleblower who provided new and critical information that led to the success of an enforcement action. In determining the appropriate award amount, the SEC considered that the whistleblower provided significant ...Read More

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SBF won’t shut up, and it’s driving lawyers mad

Jack J. Kelly Bankruptcy, Cryptocurrency, Law, Scandal November 30, 2022

In the weeks since his crypto empire has collapsed, Sam Bankman-Fried has ignored the most fundamental legal advice that any lawyer — or even a casual viewer of TV crime procedurals — would give: Shut your mouth. Rather, Bankman-Fried, commonly known as SBF, has ...Read More

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