U.S. ignored evidence StanChart was serving sanctioned Iran groups: Whistleblower
The bank denies it ran transactions for any organizations designated as terrorists.The latest court filings, provided by former Standard Chartered...
archiveSecurities Fraud
Two 39-year-old Estonian men are the alleged kingpins behind a massive half billion fraud targeting thousands of U.S. investors
The Department of Justice is advancing a case alleging that two men in Estonia cheated investors in a byzantine cryptocurrency...
DOJ charges ‘Bitcoin Jesus’ with $48 million tax fraud, seeks extradition
The indictment, filed in California federal court, claims that Ver executed the fraud scheme by failing to report a portion...
HyperFund cryptocurrency fraud charged by DOJ, SEC
The three defendants charged by the DOJ falsely claimed that investors in HyperFund would receive "substantial returns paid from cryptocurrency...
U.S. Bank fined $36 million for frozen unemployment benefits
The fifth-largest commercial bank in the country, U.S. Bank administered prepaid debit cards to distribute unemployment insurance benefits through its...
Binance founder CZ too rich to leave U.S. before sentencing: Judge
Zhao Changpeng, founder and chief executive officer of Binance, attends the Viva Technology conference dedicated to innovation and startups at...
‘If I was the government, I’d close it down’
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs...
Swiss bank Banque Pictet admits hiding Americans’ income from IRS
Between 2008 and 2014, the bank had 1,637 accounts on behalf of American clients, who collectively evaded approximately $50.6 million...
Wilson Sonsini Attorneys Honored in Chambers UK 2024
On October 19, 2023, Chambers & Partners published its 2024 Chambers UK guide, which recognized Wilson Sonsini attorneys Fleur Benns...
Metro Bank expected to struggle to raise capital with ‘no easy solutions’
The U.K.'s Metro Bank will likely struggle to raise fresh capital to shore up its balance sheet, according to analysts,...
