He could face up to 25 years in prison if convicted. Prominent activist short seller and market analyst Andrew Left has been criminally charged by federal prosecutors with multiple counts of securities fraud. If convicted, Mr. Left, 54, could face a maximum sentence of 25 years in prison for the scheme. Short-selling is a widely used and highly risky strategy used by traders to bet against a stock they view as overvalued. Well-known short sellers can create a frenzy in the financial markets by presenting bearish research findings about a...

SEOUL, July 21 (Yonhap) -- Prosecutors said Sunday that they have questioned first lady Kim Keon Hee over allegations that she received a Christian Dior handbag and other expensive gifts from a pastor, as well as her alleged involvement in a stock manipulation case. The Seoul Central District Prosecutors Office said that Kim was questioned face-to-face at an undisclosed government building on Saturday for about 12 hours, ending at around 1:20 a.m. Kim has become the first wife of an incumbent president to be quizzed face-to-face by prosecutors. The scandal...

The “terminated” CEO and board chairman of Digital World Acquisition Corp. (DWAC), a so-called “blank check” special purpose acquisition company (SPAC) that went on to complete a merger with Trump Media & Technology Group (TMTG), taking Donald Trump’s Truth Social company public, was hit with a securities fraud case on Wednesday. The Securities and Exchange Commission (SEC) alleges that Patrick Orlando “engaged in deceptive conduct” in several ways, misleading investors with what he did and did not say months before DWAC’s initial public offering (IPO) and years before the merger...

The U.S. Securities and Exchange Commission (SEC) has sued crypto-focused bank Silvergate Capital Corp. in a federal court for securities fraud, a court filing showed. The Commission alleged that the company made a "fraudulent scheme" to mislead investors about its bank secrecy and anti-money laundering compliance programs as well as its "dire financial condition," after the collapse of crypto exchange FTX in November 2022. "The bank also failed to detect nearly $9 billion in suspicious transfers by FTX and its related entities," the SEC alleged.

July 1 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has sued crypto-focused bank Silvergate Capital Corp in a federal court for securities fraud, a court filing showed on Monday. The Commission alleged that the company made a "fraudulent scheme" to mislead investors about its bank secrecy and anti-money laundering compliance programs as well as its "dire financial condition", after the collapse of crypto exchange FTX in November 2022. "The bank also failed to detect nearly $9 billion in suspicious transfers by FTX and its related entities," the SEC...

The US Securities and Exchange Commission is suing Silvergate Capital Corp., a California lender that was done in by the collapse of crypto exchange FTX.

The SEC sued the bank in federal court in Manhattan, according to a docket entry on Monday, which cited “securities fraud” as the cause. Multiple former Silvergate executives were also listed as defendants on the entry, which didn’t provide details of the case.