legal-finance3.915 min read
"Terraform Labs' Do Kwon Found Liable for Crypto Fraud in SEC Trial"
1 year ago•Source: CoinDesk
Legal Finance News
The latest legal finance stories, summarized by AI
Featured Legal Finance Stories
View original source
0.76 min•1 year ago
"Kate Middleton's Preventive Chemotherapy Sparks Royal Family Trust Issues"
Tom Hayes, a former trader, has lost his appeal against his conviction for rigging the London Interbank Offered Rate (Libor). The Financial Times reported that the Court of Appeal upheld his conviction, stating that there was overwhelming evidence of his involvement in the manipulation of Libor. Hayes, who was the first person to be convicted for manipulating Libor, had argued that his actions were common practice in the industry.
More Top Stories
2
"Trump's Legal Woes: From $354M Fine to Potential Property Seizure"
The Washington Post•1 year ago
3
"Trump's Financial Woes Deepen: NYC Tower at Risk to Pay $355M Civil Fraud Ruling"
Fox Business•1 year ago
More Legal Finance Stories
"New York Attorney General Takes Legal Action Against Citibank for Customer Fraud Protection Failures"
Originally Published 1 year ago — by CNN
New York Attorney General Letitia James filed a lawsuit against Citibank, alleging that the bank failed to protect and reimburse customers who fell victim to fraud, resulting in millions of dollars lost to scammers and hackers. The lawsuit claims that Citibank's weak security and anti-fraud measures led to unauthorized account takeovers and illegal refusal to reimburse fraud victims. Citibank denies the allegations, stating that it follows all laws and regulations related to wire transfers and has taken steps to proactively safeguard client accounts. The lawsuit also alleges that Citibank misled customers about their rights after their accounts were hacked and illegally discriminated against Armenian Americans on credit card applications.
"Citibank Faces Lawsuits for Failing to Protect Customers from Scams and Hacks"
Originally Published 1 year ago — by BleepingComputer
New York Attorney General Letitia James has filed a lawsuit against Citibank, alleging that the bank failed to protect customers from hacks and scams and refused to reimburse victims, in violation of the Electronic Fund Transfer Act. The lawsuit claims that Citibank's negligence led to substantial financial losses for New York consumers, amounting to millions of dollars, and highlights inadequacies in the bank's response to fraudulent activities. Citibank has responded by stating that they closely follow all laws and regulations related to wire transfers and have taken proactive steps to safeguard clients' accounts.
"New York Attorney General Sues Citibank for Online Fraud Protection Failure"
Originally Published 1 year ago — by CNBC
New York Attorney General Letitia James has filed a lawsuit against Citibank, alleging that the bank failed to protect and reimburse victims of electronic fraud, costing New York account holders millions of dollars. Citibank denies the allegations, stating that it works hard to prevent threats and assist customers who become victims of fraud. The lawsuit includes specific cases of individuals who had thousands of dollars stolen from their accounts and were not reimbursed, and alleges that Citibank must reimburse victims of fraud under the Electronic Fund Transfer Act.