SoluTech, a defunct blockchain firm whose initial coin offering (ICO) raised $2.4 million, has settled fraud and securities violations charges with the U.S Securities and Exchange Commission (SEC). The SEC slapped SoluTech and its co-founder, 24 year-old Nathan Pitruzzello with fines and a cease-and-desist order for conducting its unregistered 2018-2019 […]
Settlement
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The payments processor facilitated millions of dollars of PlexCoin investments before shuttering accounts in September 2017. Source link
Flint Water Crisis Continues Despite Settlement By Kim Brown, The Real News. September 20, 2020 Flint Water Crisis Continues Despite Settlement2020-09-202020-09-20https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/flint-e1600622266389.jpg200px200px Above photo: NurPhoto/Getty Images. In 2014, the water source of the city of Flint, Michigan, was switched from Lake Huron to the untreated and polluted Flint River, tainting the […]
The U.S. Securities and Exchange Commission (SEC) settled unregistered securities offering charges against online gaming and gambling platform Unikrn for conducting an initial coin offering (ICO) in 2017. Commissioner Hester M. Peirce, an outspoken advocate for cryptocurrencies, dissented. According to a press release Tuesday, the SEC alleged that between June […]
Police move in on demonstrators in Lafayette Square near the White House with tear gas and smoke on June 1. U.S. Park Police made announcements asking protesters to leave, but few people appeared to hear them. Jose Luis Magana/AFP via Getty Images hide caption toggle caption Jose Luis Magana/AFP via […]
WASHINGTON (Sputnik) – The US Department of Justice said in a news release that it has reached another settlement worth $60 million on assets held by Riza Aziz, the Malaysian-born producer of The Wolf of Wall Street movie, in the embezzlement case involving Malaysia’s 1MDB sovereign fund. “The Department of […]
A U.S. lawsuit that alleged the Tezos ICO was an unregistered securities sale has been settled for $25 million. Source link
BENGHAZI (Sputnik) – Libyan tribes have been invited to participate in the political process on the Libyan crisis settlement by the United Nations, Senussi al-Haleeq, the deputy chairman of the Supreme Council of Libyan Sheikhs and Elders, which supports the Libyan National Army, said on Saturday. “We received an invitation […]
600 Million Dollar Settlement In Flint Water Case By Amanda Mills, Nation of Change. August 21, 2020 600 Million Dollar Settlement In Flint Water Case2020-08-212020-08-21https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/flintwaterplant2-e1598030129116.jpg200px200px “If money is how government expresses sorrow for its crimes — this is a big apology.” The state of Michigan has reached a settlement agreeing […]
$16.5M Settlement Reached In Class-Action Lawsuit Over Mass Arrests August 19, 2020 $16.5M Settlement Reached In Class-Action Lawsuit Over Mass Arrests2020-08-192020-08-18https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/police-encircle-and-detain-a-crowd-of-protesters-in-toronto-on-sunday-june-27-2010.-by-chris-young-for-the-canadian-press.png200px200px Above photo: Police encircle and detain a crowd of protesters in Toronto, on Sunday June 27, 2010. Chris Young for The Canadian Press. Compensation for those arrested will be between […]
Publicly traded brokerage firm Interactive Brokers has agreed to pay multi-million dollar penalties to the SEC, Finra and CFTC for failure to flag suspicious transactions and lapses in AML compliance. Source link
The community behind “secret contracts” is moving forward after months of delay. The Secret Network, an open source network that protects data for users of decentralized applications, known as “Secret Apps,” has started a token burn and is welcoming players such as Binance, Staked and Figment to its testnet of […]
Facebook in January agreed to a historic $550 million settlement over its face-identifying technology. But now, the federal judge overseeing the case is refusing the accept the deal. Amr Alfiky/AP hide caption toggle caption Amr Alfiky/AP Facebook in January agreed to a historic $550 million settlement over its face-identifying technology. […]
A federal New York judge has thrown out a proposed $18.9 million settlement between convicted rapist and former movie producer Harvey Weinstein, and several women. U.S. District Judge Alvin Hellerstein said the offer failed to adequately compensate many of the victims who allege they were sexually assaulted or raped by […]
Several women who were sexually harassed and assaulted by Harvey Weinstein have been awarded $19 million as part of a class-action lawsuit aided by the New York Attorney General, officials said Tuesday. The payout, which still needs to be approved by the bankruptcy and district courts, are part of an […]
The Australian Securities Exchange (ASX) has come under pressure to further postpone the launch of a blockchain replacement for its decades-old settlement and clearing system. One of the main share registry companies in Australia, Computershare, told the Financial Times (FT) on June 25 that it was seeking a two-year delay […]
BitClave, a California startup whose Ethereum-based search engine raised $25.5 million in a 2017 token sale, will pay back its 9,500 investors in a settlement with the U.S. Securities and Exchange Commission (SEC). The settlement ended BitClave’s court saga almost as soon as it began. Prosecutors with the SEC announced […]
Facebook will pay $52 million to thousands of contract workers who viewed and removed graphic and disturbing posts on the social media platform, lawyers for the company said in a new legal filing. Ben Margot/AP hide caption toggle caption Ben Margot/AP Facebook will pay $52 million to thousands of contract […]
HDBank has signed up to a blockchain network from Contour with the aim of bringing trade finance into the digital realm. The Vietnam-based bank is the latest financial institution to join Contour’s network with a view to streamlining the issuance of letters of credit with the use of a blockchain […]