Tag

Civil Fraud Charges

All articles tagged with #civil fraud charges

Trump's Unconventional Campaigning: The New York Courtroom Drama

Originally Published 1 year ago — by NPR

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Source: NPR

Former President Donald Trump is set to face civil fraud charges in a Manhattan court, denouncing the case as a partisan conspiracy to derail his campaign for the White House. Trump, who is required to attend the trial in person, has used the court appearances as opportunities to fundraise and rally his base, but recent filings show a weakening in GOP support. As he competes for the Republican presidential nomination, Trump plans to balance his court obligations with campaign events, while polls suggest that a conviction could impact voter attitudes in key swing states.

2022 Crypto Crash: Fugitive CEO Found Liable for Fraud

Originally Published 1 year ago — by The Guardian

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Source: The Guardian

A jury in Manhattan found former crypto CEO Do Kwon and his firm Terraform Labs liable on civil fraud charges, agreeing with the US SEC that they misled investors before the 2022 collapse of their cryptocurrency, causing widespread market havoc. Kwon, who has been detained in Montenegro since March 2023, faces extradition requests from both the US and South Korea. The SEC seeks civil financial penalties and orders barring Kwon and Terraform from the securities industry. The collapse of TerraUSD and Luna tokens led to over $40bn in investor losses and bankruptcy filings, prompting US financial regulators to crack down on shady crypto practices.