Latest News
By Federal Newswire | Nov 22, 2023
Binance, the largest cryptocurrency exchange in the world, announced on Nov. 21 that it reached a settlement with the U.S. government over compliance violations, allowing the exchange to continue operating. The company said that it made mistakes as it grew in an evolving industry, but this settlement marks a new chapter of learning and growth. This landmark resolution serves as a testament to Binance's commitment to rectifying its past missteps and establishing stronger regulatory compliance.
By Federal Newswire | Nov 21, 2023
Binance CEO Changpeng Zhao has pleaded guilty to criminal charges and stepped down from the company as part of a $4 billion dollar settlement with the Department of Justice. This dramatic development transpires amidst rising regulatory scrutiny of cryptocurrency exchanges globally.
By Federal Newswire | Nov 13, 2023
On Nov 9th, it was announced that a settlement was agreed to between the Department of Justice and South Dakota Hotel and Sports Lounge for the company discriminating against Native Americans.
By Federal Newswire | Nov 13, 2023
Apple is paying $25 million dollars to resolve allegations that the company illegally discriminated in hiring against U.S. citizens.
By Federal Newswire | Nov 7, 2023
Sam Bankman-Fried, the founder and former CEO of defunct crypto exchange FTX, has been pronounced guilty on all seven criminal charges following a trial that spanned over four weeks. His sentencing is set for March 28, and he could face up to 110 years in jail.
By Federal Newswire | Nov 7, 2023
Drogueria Betances LLC was ordered to pay $12 million for failure to report suspicious orders of pharmaceutical drugs and other controlled substance violations.
By Federal Newswire | Nov 6, 2023
The leader of a fraudulent cryptocurrency and binary options scheme worth $70 million has been extradited to the US, where the Serbian national is facing charges from two federal indictments, in the Northern District of Texas and the Eastern District of New York. "Serbian man charged with cryptocurrency fraud has been arrested," reports say.
By Federal Newswire | Nov 3, 2023
Nine members of a Colorado-based drug trafficking organization with direct ties to the Sinaloa Cartel were recently indicted on counts of smuggling fentanyl, methamphetamine, cocaine and other drugs into Adams County in Colorado. "This is just one step in the process of ridding our communities of these drug cartels", said Adams County District Attorney Brian Mason.
By Federal Newswire Report | Oct 30, 2023
The United States filed a civil forfeiture complaint against a $300 million superyacht owned by sanctioned Russian oligarch Suleiman Kerimov. The yacht was seized by the United States in 2022.
By Federal Newswire Report | Oct 30, 2023
Jareh Sebastian Dalke pleaded guilty to six counts of attempting to transmit classified National Defense Information (NDI) to an agent of Russia. Dalke was an employee of the National Security Agency from June 6, 2022, to July 1, 2022, where he served as an Information Systems Security Designer.
By Federal Newswire | Oct 24, 2023
Despite years of preparation and six weeks at trial, leaders in technology and business remain confused about the Department’s motives in bringing this case.
By Paige Wagenknecht | Oct 24, 2023
U.S. Chamber of Commerce says the Federal Trade Commission and Department of Justice are costing taxpayers millions and raising concerns about potential bias by failing to pursue settlements to remedy alleged anti-competitive behavior.
By Paige Wagenknecht | Oct 24, 2023
Dr. Kimberlee Josephson — an associate professor of business at Lebanon Valley College in Annville, Pennsylvania, and adjunct research fellow with the Consumer Choice Center — believes business owners should be concerned about the Department of Justice’s antitrust case against Google.
By Federal Newswire Report | Oct 23, 2023
A civil antitrust lawsuit against Agri Stats Inc. has been filed by The Justice Department for organizing and managing anticompetitive information exchanges among broiler chicken, pork, and turkey processors.
By Federal Newswire | Oct 19, 2023
With the U.S. government's antitrust lawsuit against Google underway, Patrick Hedger, Executive Director of the Taxpayers Protection Alliance, says that the lawsuit reflects a shift in antitrust policy, prioritizing the interests of competitors over consumer welfare. He goes on to suggest that the government's approach signifies a broader strategy to regulate various aspects of the economy to promote a more interventionist model of competition.
By Federal Newswire | Oct 19, 2023
During the criminal trial of crypto exchange FTX founder Sam Bankman-Fried, a list of donations he and his associates made prior to the exchange's collapse became public. The list detailed $230 million worth of donations FTX insiders made to their friends and family, as well as to politicians, political action groups, and special interests.
By Federal Newswire | Oct 17, 2023
In a recent article published on the U.S. Chamber of Commerce website, Sean Heather, the Senior Vice President of International Regulatory Affairs and Antitrust at the U.S. Chamber of Commerce, criticizes the Department of Justice's (DOJ) track record in antitrust cases and raises concerns about bias in legal proceedings.
By Federal Newswire Report | Oct 16, 2023
Peter Kambolin, former owner and CEO of Systematic Alpha Management LLC, pleaded guilty to a "cherry-picking" scheme. Kambolin fraudulently misappropriated profitable trades to himself and left his investors with substantial financial losses.
By Federal Newswire | Oct 12, 2023
John Reed Stark, the president of John Reed Stark Consulting LLC and a former chief of the SEC's Office of Internet Enforcement, has shared three reasons why he believes Sam Bankman-Fried (SBF), the founder and former CEO of crypto exchange FTX, will likely be convicted. According to Stark, one reason is that multiple former corporate insiders, including former Alameda Research CEO Carolina Ellison and FTX co-founder Gary Wang, have already pled guilty to charges of fraud and are cooperating with prosecutors.
By Federal Newswire | Oct 12, 2023
The U.S. Supreme Court has upheld a Texas election law known as S.B. 1111, which aims to ensure that Texans vote in the correct precinct corresponding to their current residence. The law has been defended by the Texas Public Policy Foundation (TPPF) and the Texas Attorney General’s Office, and its affirmation by the Supreme Court has been met with celebration.
