SEC rewrites whistleblower record books during historic FY2021

COMPLIANCE WEEK

The Securities and Exchange Commission (SEC) announced more whistleblower awards to more recipients in fiscal year 2021 (FY2021) than all prior years combined. read more »

$56 Million in Seized Cryptocurrency Being Sold as First Step to Compensate Victims of BitConnect Fraud Scheme

DOJ

On Friday, U.S. District Judge Todd W. Robinson granted a request from the U.S. Department of Justice and the U.S. Attorney’s Office for the Southern District of California for authority to liquidate approximately $56 million in fraud proceeds seized from the self-described “number one promoter” of BitConnect, a cryptocurrency, who consented to the seizure. This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date. read more »

JPMorgan sues Tesla for $162 mln over warrants, Musk tweets

REUTERS

JPMorgan Chase & Co (JPM.N)has sued Tesla Inc (TSLA.O) for $162.2 million, accusing Elon Musk's electric car company of "flagrantly" breaching a contract the two corporate giants agreed in 2014 relating to warrants Tesla sold to the bank. read more »

Ohio attorney general sues Meta over ‘Facebook Papers’ revelations

WASHINGTON POST

Ohio’s attorney general has filed a lawsuit against Meta Platforms, alleging the company formerly known as Facebook misled the public about its algorithm and “knowingly exploited its most vulnerable users,” including children, to drive profits. read more »