Wells Fargo’s Carrie Tolstedt Pleads Guilty and Faces Prison
Posted inBanking and Financial Institutions Consumer Financial Protection Bureau Fines (Penalties) Frauds and Swindling Justice Department Prisons and Prisoners Scharf, Charles W Securities and Commodities Violations Securities and Exchange Commission Sloan, Timothy J Stumpf, John G Tolstedt, Carrie L Wells Fargo & Company

Wells Fargo’s Carrie Tolstedt Pleads Guilty and Faces Prison

Carrie L. Tolstedt, who ran the bank’s retail branches, faces up to 16 months in prison for obstructing a bank examination.
Government Cracks Down on Crypto Industry With Flurry of Actions
Posted inBanking and Financial Institutions Commodity Futures Trading Commission Federal Deposit Insurance Corp Federal Reserve System Justice Department Kraken (Payward Inc) Nexo Financial LLC Regulation and Deregulation of Industry Securities and Commodities Violations Securities and Exchange Commission Terraform Labs PTE Ltd Virtual Currency

Government Cracks Down on Crypto Industry With Flurry of Actions

State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.
FTX Inquiry Expands as Prosecutors Reach Out to Former Executives
Posted inBankman-Fried, Sam Bankruptcies Compensation for Damages (Law) HK FTX Trading Ltd (Futures Exchange) Securities and Commodities Violations Suits and Litigation (Civil) Virtual Currency

FTX Inquiry Expands as Prosecutors Reach Out to Former Executives

Federal prosecutors in Manhattan are speaking with lawyers for former officials at the collapsed crypto exchange FTX and scrutinizing the immediate family of its founder, Sam Bankman-Fried.
Adani Loses Billions After Attack by a Short Seller, Hindenburg Research
Posted inBank of England Deripaska, Oleg V European Central Bank Eurozone High Net Worth Individuals internal-storyline-no McGonigal, Charles Modi, Narendra Musk, Elon Peking University Putin, Vladimir V Securities and Commodities Violations Starbucks Corporation T-Mobile US Inc

Adani Loses Billions After Attack by a Short Seller, Hindenburg Research

The Adani Group, the Indian conglomerate run by Asia’s wealthiest man, has gone on the offensive to fight fraud allegations by an American investor.