November 2024 - cypherpunks - lists.cpunks.org

SEC's Gensler Faces Group's Call To Resign After Trump Win
by Gunnar Larson 07 Nov '24

07 Nov '24

SEC's Gensler Faces Group's Call To Resign After Trump Win <https://www.law360.com/compliance/articles/2257599?nl_pk=ab5ce197-c1fb-4d8e…> By Sarah Jarvis Following Donald Trump's election victory Wednesday, a financial services trade association called on U.S. Securities and Exchange Commission Chair Gary Gensler to "immediately" step down in order to boost trust in the agency. Read full article » <https://www.law360.com/compliance/articles/2257599?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/2257599?nl_pk=ab5ce197-c1fb-4d8e…>

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Ex-GE Exec Called 'Innocent Victim' In $1.1B Forgery Trial
by Gunnar Larson 07 Nov '24

07 Nov '24

Ex-GE Exec Called 'Innocent Victim' In $1.1B Forgery Trial <https://www.law360.com/compliance/articles/2257525?nl_pk=ab5ce197-c1fb-4d8e…> By Pete Brush Counsel for a former GE Power executive accused of taking a $5 million kickback after forging documents to close a $1.1 billion gas turbine deal in Angola suggested to a Manhattan federal jury Wednesday that others were behind the fraud. Read full article » <https://www.law360.com/compliance/articles/2257525?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/2257525?nl_pk=ab5ce197-c1fb-4d8e…>

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Philly Man Gets Prison For Ohio Contract Billing Scam
by Gunnar Larson 07 Nov '24

07 Nov '24

Philly Man Gets Prison For Ohio Contract Billing Scam <https://www.law360.com/compliance/articles/2257701?nl_pk=ab5ce197-c1fb-4d8e…> By P.J. D'Annunzio A Philadelphia man has been sentenced to 57 months in prison by an Ohio federal judge after admitting that he hatched a scheme that cheated a county auditor out of over $622,000. Read full article » <https://www.law360.com/compliance/articles/2257701?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/2257701?nl_pk=ab5ce197-c1fb-4d8e…>

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Justices Eye Narrowing Disclosure Rules In Meta Investor Suit
by Gunnar Larson 07 Nov '24

07 Nov '24

Justices Eye Narrowing Disclosure Rules In Meta Investor Suit <https://www.law360.com/compliance/articles/2257282?nl_pk=ab5ce197-c1fb-4d8e…> By Jessica Corso The U.S. Supreme Court seemed poised Wednesday to hand Facebook owner Meta Platforms Inc. a narrow victory in a case tied to the Cambridge Analytica scandal, as justices put up a range of hypothetical scenarios to try to pin down when exactly a company needs to disclose to investors that a past event could cause future damage to its business. Read full article » <https://www.law360.com/compliance/articles/2257282?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/2257282?nl_pk=ab5ce197-c1fb-4d8e…>

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Fake BigLaw Atty Duped Exec Into Wiring $55M, Co. Says
by Gunnar Larson 07 Nov '24

07 Nov '24

Fake BigLaw Atty Duped Exec Into Wiring $55M, Co. Says <https://www.law360.com/fintech/articles/2257705?nl_pk=d2b3e7ef-ab62-4a62-80…> By Craig Clough A German rubber product manufacturer is suing a California woman and JPMorgan Chase Bank NA in California federal court alleging a company employee was tricked into wiring more than $54.9 million to at least 18 bank accounts by a fraudster posing as both an Orion executive and a partner at Clifford Chance LLP. Complaint attached |

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Clerk Targeted During Trump Civil Trial Is Elected Judge
by Gunnar Larson 07 Nov '24

07 Nov '24

Clerk Targeted During Trump Civil Trial Is Elected Judge <https://www.law360.com/fintech/articles/2257619?nl_pk=d2b3e7ef-ab62-4a62-80…> By Andrea Keckley A law clerk under New York Supreme Court Justice Arthur Engoron who faced death threats after being singled out by now President-elect Donald Trump during his civil fraud trial last year has been elected as a judge. Read full article » <https://www.law360.com/fintech/articles/2257619?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/2257619?nl_pk=d2b3e7ef-ab62-4a62-80…>

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LGBcoin Trustee Can't Get SEC Subpoena Stayed Amid Appeal
by Gunnar Larson 07 Nov '24

07 Nov '24

LGBcoin Trustee Can't Get SEC Subpoena Stayed Amid Appeal <https://www.law360.com/fintech/articles/2257306?nl_pk=d2b3e7ef-ab62-4a62-80…> By Emilie Ruscoe A hedge fund manager associated with the political-meme-inspired digital asset LGBcoin can't get an administrative subpoena from the U.S. Securities and Exchange Commission stayed while he seeks an appeal, a Miami federal judge has decided. 3 documents attached | Read full article » <https://www.law360.com/fintech/articles/2257306?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/2257306?nl_pk=d2b3e7ef-ab62-4a62-80…>

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SEC Moves To Ax Key Defenses In Kraken Crypto Fraud Row
by Gunnar Larson 07 Nov '24

07 Nov '24

SEC Moves To Ax Key Defenses In Kraken Crypto Fraud Row <https://www.law360.com/fintech/articles/2257670?nl_pk=d2b3e7ef-ab62-4a62-80…> By Sydney Price The U.S. Securities and Exchange Commission has urged a California federal court to ax three of crypto exchange Kraken's defenses in a case alleging it violated securities laws by offering crypto assets without proper registration, arguing that the court has already rejected Kraken's claims that the agency lacks authority to bring the case and that existing law is too vague. Motion attached | Read full article » <https://www.law360.com/fintech/articles/2257670?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/2257670?nl_pk=d2b3e7ef-ab62-4a62-80…>

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FTX Exec Looks To Avoid Prison For 'Smallest Share' Of Crime
by Gunnar Larson 07 Nov '24

07 Nov '24

FTX Exec Looks To Avoid Prison For 'Smallest Share' Of Crime <https://www.law360.com/fintech/articles/2257844?nl_pk=d2b3e7ef-ab62-4a62-80…> By Lauren Berg Former FTX technology chief Zixiao "Gary" Wang on Wednesday asked a Manhattan federal judge not to give him prison time for his part in the $11.2 billion fraud case, calling himself "the one who stands convicted of the smallest share of misconduct" among former CEO Sam Bankman-Fried's lieutenants. 1 document attached | Read full article » <https://www.law360.com/fintech/articles/2257844?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/2257844?nl_pk=d2b3e7ef-ab62-4a62-80…>

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Trump's SEC Expected To See 'Dramatic' Enforcement Change
by Gunnar Larson 07 Nov '24

07 Nov '24

Trump's SEC Expected To See 'Dramatic' Enforcement Change <https://www.law360.com/fintech/articles/2257833?nl_pk=d2b3e7ef-ab62-4a62-80…> By Aislinn Keely Former President Donald Trump's reelection means a notable shift in the types of cases the U.S. Securities and Exchange Commission is expected to bring, attorneys said Wednesday at a Washington, D.C., conference, while the agency's current top enforcer vowed business as usual for now as it carries on with its well over 1,500 investigations. Read full article » <https://www.law360.com/fintech/articles/2257833?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/2257833?nl_pk=d2b3e7ef-ab62-4a62-80…>

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