A Brooklyn man lied to investors about his blockchain-based small business platform while conducting an unregistered $600,000 initial coin offering, the SEC said Tuesday in New York federal district court.
Turkey’s
Telecom giant Vodafone Group Plc left the Libra Association, becoming the latest company to exit the Facebook-led group trying to create a new global cryptocurrency.
Banco de Sabadell SA has agreed to sell its asset-management business to Amundi SA for 430 million euros ($477 million) as the Spanish lender seeks to shore up its capital.
Investors thought they were pouring around $4.85 million into a recreational cannabis company, but the duo behind the alleged fraud actually misappropriated about $3.5 million for themselves, the SEC said in California federal district court Tuesday.
The steady hands that brought stability to Wall Street banks after the 2008 financial crisis could be keeping too firm a grip on power, industry experts say. And that may be holding back the next generation of executives.