Trevor Milton, who founded the truck company Nikola, will be sentenced on Monday in a fraud case that exposed the excesses in the electric vehicle business.
Category: Securities and Commodities Violations
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Federal Investigators Widen Tesla Inquiry, Company Says
The Department of Justice has sought documents related to vehicle range and “personal benefits,” Tesla said.
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New York Attorney General Sues Crypto Firms in $1 Billion Fraud Case
Letitia James has accused Gemini Trust, Genesis Global Capital and Digital Currency Group of misleading investors in a program promising low risk and high returns.
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Scientists Investigating Alzheimer’s Drug Faulted in Leaked Report
A professor at the City College of New York engaged in “significant research misconduct,” an investigating committee concluded.
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What to Know About Sam Bankman-Fried’s Fraud Trial
Mr. Bankman-Fried is accused of orchestrating a vast scheme to siphon billions of dollars of FTX customer money.
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Fourth Top FTX Executive to Plead Guilty Ahead of Sam Bankman-Fried Trial
Ryan Salame, a former FTX executive, is set to plead guilty to charges linked to the sweeping fraud case against Sam Bankman-Fried, the founder of the failed cryptocurrency exchange.
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Banks Fined $549 Million Over Use of WhatsApp and Other Messaging Apps
The penalties add to nearly $2 billion in record-keeping fines last year for the improper policing of employee communications on private messaging services.
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Campaign Finance Charge Against Sam Bankman-Fried Is Dropped
The removal of the campaign finance charge is a victory for Mr. Bankman-Fried’s legal team, which had argued that the United States mishandled the process of extraditing him from the Bahamas.
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Founder of Bankrupt Crypto Firm Celsius Arrested on Fraud Charges
Alex Mashinsky was arrested at his home in New York on Thursday morning. He and his former firm also face lawsuits from the Securities and Exchange Commission and other regulators.
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What Do Binance.US’s New Rules on Trading Dollars Mean for Customers?
The company said that it would no longer allow trades with U.S. dollars on its platform. Customers were urged to withdraw funds by Tuesday.