Tagged: letitia james

As Libra Increasingly Falters, 47 States Join Facebook Anti-Trust Investigation

As Facebook tries desperately to keep its proposed in-app global currency project, Libra, afloat, New York Attorney General Letitia James has announced that attorneys general from 47 American states have joined a multistate antitrust investigation now scrutinizing Facebook: “After continued bipartisan conversations with attorneys general… Read More

Enough Delays: New York Attorney General Asks That Crypto Exchange Bitfinex Be Ordered to Have Records Ready If Company Loses November Appeal

New York Attorney General Letitia James has asked a New York judge to order crypto companies iFinex, Bitfinex and Tether to have records ready and on hand, if they lose their November 4th appeal: “(T)he OAG respectfully requests that this Court…(to) issue an order that… Read More

New York Restores Martin Act Securities Laws Statute of Limitations to Six Years

Andrew M Cuomo, Governor of the State of New York, has signed legislation restoring the statute of limitations pertaining to the state’s powerful Martin Act securities laws to six years from three. The previous six-year statute, which lawyers Wes Scott and Ryan Franklin say applied… Read More

US Government Asks for Detention of Crypto Capital Head and Alleged “Shadow Banker” to Bitfinex

The US government has asked a judge in Arizona to detain Reginald Fowler, 60, who was arrested April 30th and charged with bank fraud, operation of an unlicensed money transmitting business and conspiracy for allegedly providing “shadow banking” services to cryptocurrency exchanges. Regarding the case, the… Read More

Tether Responds to New York AG Investigation, Claims “Lost” Funds “Seized and Safeguarded”

The PR team at cryptocurrency company Tether has vigorously denied allegations included in a New York court order claiming the company “lost” $850 million USD in customer funds to a Panamanian entity called Crypto Capital then “co-mingled” customer and company funds to cover the loss…. Read More

New York Attorney General Issues Court Order Alleging Fraud Pertaining to Bitfinex and Tether. Cover Up of $850 Million Loss is Claimed.

New York Attorney General Letitia James has obtained a court order against crypto exchange Bitfinex ( iFinex Inc.) and stablecoin Tether alleging violations of New York law in connection with “ongoing activities that may have defrauded New York investors that trade in virtual or cryptocurrency…. Read More

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