The U.S. Securities and Exchange Commission on Tuesday brought some clarity to the market for “initial coin offerings” when it outlined a test for treating the digital “tokens” that are offered in exchange for money or digital currency as securities, but experts say key questions remain about certain types of tokens that defy easy categorization.
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The purpose of this blog is to provide education and news that will help clients through the litigation process.
A 26-year-old Chicago man was sentenced Wednesday in Illinois federal court to nearly six years behind bars after copping to conning investors out of more than $1.7 million in what federal prosecutors have called a “mini-Bernie Madoff scam.”
Read MoreAn Arizona federal judge issued an asset freeze Thursday against a man accused by the U.S. Commodity Futures Trading Commission of tricking Mormon church members into investing in a $13 million trading scheme that funded his personal expenses and Ponzi scheme payments.
Read MoreA New Jersey man struck a deal in New Jersey federal court on Friday to settle the U.S. Securities and Exchange Commission’s claims that he participated in an alleged scheme to pocket more than $6 million investor dollars raised for stock in a technology startup.
Read MoreFederal prosecutors and the U.S. Securities and Exchange Commission brought charges Wednesday against more than a dozen individuals they alleged orchestrated a $147 million boiler room scheme using aggressive telemarketing to older investors and other manipulative techniques.
Read MoreA Long Island man imprisoned for running a foreign exchange scheme was accused on Monday by the U.S. Commodity Futures Trading Commission of taking $1.5 million from investors, hiding his losses and spending what remained on phony returns payments and personal expenses.
Read MoreA Manhattan federal judge on Tuesday sentenced fraudster Haena Park, who left dozens of friends and family members in financial dire straits after a six-year campaign of lies, to three years in prison, citing the defendant’s remorse, health issues and her pregnancy for showing leniency.
Read MoreThe Federal Trade Commission filed a civil suit against him in 2003. The Illinois Department of Financial and Professional Regulation suspended his loan originator registration in 2010.
Read MoreFederal prosecutors accused a Long Island, New York, man on Wednesday of defrauding investors in a ticket resale business out of at least $70 million, echoing charges filed four months ago against two other men in an unrelated but similar scheme.
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Starr Austen & Miller is investigating Auto Assure, LLC’s direct mail advertising practices for possible statutory violations. Auto Assure, LLC, based in Plano, Texas, offers vehicle owners service contracts and is not affiliated with any vehicle manufacturer or individual dealer. If you’ve received a direct mail solicitation from Auto Assure, LLC, listing your vehicle’s make, [...]
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