February 2024 - cypherpunks - lists.cpunks.org

Texas Adjuster No Longer To Pretend To Be Lloyd's Of London
by Gunnar Larson 10 Feb '24

10 Feb '24

Texas Adjuster No Longer To Pretend To Be Lloyd's Of London <https://www.law360.com/newyork/articles/1795779?nl_pk=ac5a3855-e47c-4403-be…> By Elizabeth Daley An insurance adjuster who hijacked the good name of British underwriting giant Lloyd's of London after blaming it for lost compensation agreed in Texas federal court to shut down businesses he opened in its name. 2 documents attached | Read full article » <https://www.law360.com/newyork/articles/1795779?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1795779?nl_pk=ac5a3855-e47c-4403-be…>

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6 Charged With Defrauding Court-Appointed Attorneys
by Gunnar Larson 10 Feb '24

10 Feb '24

6 Charged With Defrauding Court-Appointed Attorneys <https://www.law360.com/cybersecurity-privacy/articles/1795352?nl_pk=3dfd2fd…> By Elliot Weld Six defendants were charged in Brooklyn federal court with stealing and cashing checks that were meant for court-appointed attorneys' legal work, prosecutors announced Wednesday. 3 documents attached | Read full article » <https://www.law360.com/cybersecurity-privacy/articles/1795352?nl_pk=3dfd2fd…> | Save to favorites » <https://www.law360.com/cybersecurity-privacy/articles/1795352?nl_pk=3dfd2fd…>

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Crypto Issues To Watch Amid Evolving Legal Landscape
by Gunnar Larson 10 Feb '24

10 Feb '24

Subject: Crypto Issues To Watch Amid Evolving Legal Landscape Crypto Issues To Watch Amid Evolving Legal Landscape <https://www.law360.com/banking/articles/1791581?nl_pk=feb6bbba-7878-4d39-be…> This year will likely be a momentous one for crypto in the U.S., but whether it is successful or disastrous will depend on the outcome of high-profile court decisions and key regulatory actions, say attorneys at Venable. Read full article » <https://www.law360.com/banking/articles/1791581?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1791581?nl_pk=feb6bbba-7878-4d39-be…>

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First Charge and Trial Conviction for Cryptocurrency in Securities Price Manipulation Conspiracy
by Gunnar Larson 10 Feb '24

10 Feb '24

https://www.justice.gov/opa/pr/man-convicted-300m-securities-price-manipula… First Charge and Trial Conviction for Cryptocurrency in Securities Price Manipulation Conspiracy A federal jury in the Southern District of Florida convicted a Pennsylvania man today for manipulating the price of a security and scheming to defraud investors in connection with the purchase of Hydrogen Technology’s cryptocurrency, HYDRO. According to court documents and evidence presented at trial, Shane Hampton, 32, of Philadelphia, served as the head of financial engineering at Hydrogen Technology and orchestrated a months-long scheme to manipulate the price of HYDRO. Hampton and his co-conspirators hired an outside firm, Moonwalkers Trading Limited of South Africa, to run an automated trading system or “bot” to manipulate the price of HYDRO on a cryptocurrency exchange in the United States by flooding the market with fake and fraudulent orders from October 2018 to April 2019. Hampton and his co-conspirators executed approximately $7 million in “wash trades” and placed over $300 million in “spoof trades” for HYDRO through the bot. Collectively, these spoof and wash trades were designed to, and did, fraudulently induce retail investors to purchase HYDRO so that Hampton and his co-conspirators could sell Hydrogen Technology’s own holdings of HYDRO for over $1.5 million over the course of a seven-month period. The jury convicted Hampton of conspiracy to commit securities price manipulation and conspiracy to commit wire fraud. He is scheduled to be sentenced on April 29 and faces a maximum penalty of five years in prison for the conspiracy to commit securities price manipulation conviction and 20 years in prison for the conspiracy to commit wire fraud conviction. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors. Hampton is the fourth defendant to be convicted as part of the case. Michael Kane, the CEO of Hydrogen Technology, pleaded guilty to the same charges and is awaiting sentencing; Andrew Chorlian, an engineer at Hydrogen Technology, also pleaded guilty to conspiracy to commit securities price manipulation and wire fraud and is awaiting sentencing; and Tyler Ostern, the CEO of Moonwalkers Trading Limited, also pleaded guilty to conspiracy to commit securities price manipulation and wire fraud and has been sentenced to two years in prison. Acting Assistant Attorney General Nicole M. Argentieri of the Justice Department’s Criminal Division, U.S. Attorney Markenzy Lapointe for the Southern District of Florida, and Assistant Director Michael D. Nordwall of the FBI’s Criminal Investigative Division made the announcement. The FBI Miami Field Office investigated the case. Former Assistant U.S. Attorney Eric Morales for the Southern District of Florida assisted in the investigation of the case. Trial Attorney Andrew Jaco and Assistant Chief Scott Armstrong of the Criminal Division’s Fraud Section are prosecuting the case.

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High Court Ruling Solidifies SOX Whistleblower Protections
by Gunnar Larson 10 Feb '24

10 Feb '24

High Court Ruling Solidifies SOX Whistleblower Protections <https://www.law360.com/newyork/articles/1795939?nl_pk=ac5a3855-e47c-4403-be…> By Sarah Jarvis The U.S. Supreme Court's unanimous decision Thursday in favor of a UBS whistleblower has solidified whistleblower protections across a wide range of industries, with one attorney saying the ruling has made the Sarbanes-Oxley Act the most pro-employee labor law in the country. Read full article » <https://www.law360.com/newyork/articles/1795939?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1795939?nl_pk=ac5a3855-e47c-4403-be…>

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Ex-Fintech Exec Convicted Of Crypto Manipulation Conspiracy
by Gunnar Larson 10 Feb '24

10 Feb '24

Subject: Ex-Fintech Exec Convicted Of Crypto Manipulation Conspiracy Ex-Fintech Exec Convicted Of Crypto Manipulation Conspiracy <https://www.law360.com/fintech/articles/1795469?nl_pk=d2b3e7ef-ab62-4a62-80…> By Katryna Perera The former head of financial engineering at fintech company Hydrogen Technology Corp. was convicted by a Florida federal jury Wednesday of conspiring to manipulate the market for Hydrogen's digital assets. Verdict attached | Read full article » <https://www.law360.com/fintech/articles/1795469?nl_pk=d2b3e7ef-ab62-4a62-80…> | Save to favorites » <https://www.law360.com/fintech/articles/1795469?nl_pk=d2b3e7ef-ab62-4a62-80…>

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NYC Police Union Can't 'Veto' NYPD Protest Deal, Judge Says
by Gunnar Larson 09 Feb '24

09 Feb '24

NYC Police Union Can't 'Veto' NYPD Protest Deal, Judge Says <https://www.law360.com/newyork/articles/1795431?nl_pk=ac5a3855-e47c-4403-be…> By Marco Poggio A federal judge on Wednesday shot down a bid by New York City's largest police union to block a sweeping reform of police protocols for handling protests, saying the union could not torpedo a settlement that ended a high-profile, sprawling legal case arising out of the 2020 demonstrations against police brutality. Order attached | Read full article » <https://www.law360.com/newyork/articles/1795431?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1795431?nl_pk=ac5a3855-e47c-4403-be…>

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Dechert Pushes To Deep-Six Hacking Cover-Up Suit
by Gunnar Larson 09 Feb '24

09 Feb '24

Dechert Pushes To Deep-Six Hacking Cover-Up Suit <https://www.law360.com/banking/articles/1795937?nl_pk=feb6bbba-7878-4d39-be…> By Stewart Bishop Dechert LLP, its former white collar practice leader and others on Thursday urged a New York federal judge to find that alleged concealment of a hacking campaign to discredit a critic of a firm client isn't enough to support a civil Racketeer Influenced and Corrupt Organizations Act case.

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Judge Newman Says She's Been Cut From Judicial Listserv
by Gunnar Larson 09 Feb '24

09 Feb '24

Subject: Judge Newman Says She's Been Cut From Judicial Listserv Judge Newman Says She's Been Cut From Judicial Listserv <https://www.law360.com/governmentcontracts/articles/1796008?nl_pk=4126fe73-…> By Craig Clough The day after a national panel that reviews judicial misconduct affirmed Federal Circuit Judge Pauline Newman's suspension for refusing to undergo medical tests as part of a probe into her mental fitness, the judge complained Thursday that she had been taken off an email list that goes to all judges. 1 document attached | Read full article » <https://www.law360.com/governmentcontracts/articles/1796008?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1796008?nl_pk=4126fe73-…>

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What New Calif. Strike Force Means For White Collar Crimes
by Gunnar Larson 09 Feb '24

09 Feb '24

Subject: What New Calif. Strike Force Means For White Collar Crimes What New Calif. Strike Force Means For White Collar Crimes <https://www.law360.com/governmentcontracts/articles/1795404?nl_pk=4126fe73-…> The recently announced Central District of California strike force targeting complex corporate and securities fraud — following the Northern District of California's model — combines experienced prosecutorial leadership and partnerships with federal agencies like the IRS and FBI, and could result in an uptick in the number of cases and speed of proceedings, say attorneys at MoFo. Read full article » <https://www.law360.com/governmentcontracts/articles/1795404?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1795404?nl_pk=4126fe73-…>

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