Judge Refutes Appeal from Promoter in $18M Crypto Fraud Case
Kristoffer Krohn unsuccessfully asserted in his appeal that the SEC’s lawsuit did not state that the Green Boxes were securities offerings or investment contracts. A federal judge in Utah has rejected an appeal to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against a promoter of an alleged $18 million fraudulent […]
Caitlyn Jenner Sued by JENNER Memecoin Buyers
A lawsuit filed on November 13 claims Caitlyn Jenner misled investors by marketing a “memecoin” as an unregistered security. A proposed class-action lawsuit alleges that Caitlyn Jenner, a former Olympian, is marketing memecoins as an unregistered security on behalf of a number of individuals who have purchased the celebrity currency. Naeem Azad and Mihai Caluseru, […]
FTX Co-Founder Gary Wang Appeals for No Jail Time in Court
Gary Wang, one of Sam Bankman-Fried’s longtime friends and a key witness at his trial, is scheduled to be sentenced on Nov. 20. Gary Wang, co-founder of FTX and its former technology chief, has requested no prison time in a sentencing memo filed in a Manhattan district court on November 6. Wang argues his “trial testimony […]
Judge Sentences IcomTech Promoter to 8 Years for Crypto Fraud
IcomTech allegedly defrauded users of over $8 million between 2018 and 2019, and Rodriguez’s colleague is set for sentencing on November 22. Gustavo Rodriguez received an eight-year jail sentence for organizing a conspiracy to conduct wire fraud to promote the cryptocurrency mining and trading company IcomTech. Judge Jennifer Rochon stated that she had discovered “intentional […]
Ripple Files Form C for Cross Appeal In SEC Lawsuit
Ripple submitted Form C for a cross-appeal in its SEC case, confirming XRP is not a security, a stance the SEC has not contested. In the ongoing case about XRP with the United States Securities and Exchange Commission (SEC), the blockchain company Ripple has finally submitted Form C for the cross-appeal. Just before the last-minute […]