News list for " Southern District"
US President Donald Trump has appointed Danielle Sassoon as interim head of the US Attorney's Office for the Southern District of New York, with responsibility for Manhattan and surrounding areas. Sassoon led the prosecution of FTX founder Sam Bankman-Fried, which ended in a 25-year prison sentence for Bankman-Fried. In addition, she was involved in the Department of Justice case against Terra founder Do Kwon. Sassoon is a graduate of Harvard and Yale Law School and served as the clerk to the la...
The Federal District Court for the Southern District of New York issued a consent order against Gemini Trust Company LLC for providing false or misleading information in violation of the Commodity Exchange Act (CEA). Gemini was ordered to pay a $5 million civil penalty and is subject to a permanent injunction. The case involves that between July and December 2017, Gemini submitted false or undisclosed key information to the CFTC to support the self-certification of bitcoin futures contracts, inc...
Damian Williams, the U.S. Attorney for the Southern District of New York, announced that one of the founders of the cryptocurrency Ponzi scheme Forcount (later known as Weltsys), JUAN TACURI, has been sentenced to up to 240 months in prison by U.S. District Judge Analisa Torres for a scheme that has spread around the world and targeted thousands of victimized investors ("victims"), mainly Spanish-speaking people in the United States. JUAN TACURI made millions of dollars from participating in the...
United States District Judge Jennifer L. Rochon sentenced David Carmona, 41, the founder of IcomTech, to 121 months in prison on Friday, according to a statement released by the United States Attorney's Office for the Southern District of New York. Mr. Carmona had pleaded guilty to one count of conspiracy to commit wire fraud.
The District Court for the Southern District of New York rejected a request by Keonne Rodriguez, founder of Samourai Wallet, to amend his bail conditions. Prosecutors submitted as evidence handwritten "escape preparation" notes by Rodriguez, which detailed travel plans and emergency items. Rodriguez's lawyer argued that it was just a general contingency plan, but prosecutors believe it was an active escape plan. Previously, it was reported that Rodriguez and co-founder William Lonergan Hill were...
Bitcoin mining company Rhodium Enterprises has filed for voluntary bankruptcy under Chapter 11 of the U.S. Bankruptcy Court for the Southern District of Texas with up to $100 million in liabilities. The filing, filed Aug. 24, includes six subsidiaries - Rhodium Encore, Jordan HPC, Rhodium JV, Rhodium 2.0, Rhodium 10MW, and Rhodium 30MW. According to the filing, the company's liabilities are between $50 million and $100 million, while its total assets are estimated to be between $100 million and ...
District Judge Analisa Torres for the Southern District of New York has ruled that Ripple's programmatic sales of XRP to retail customers through its trading platform did not violate federal securities laws. But Ripple's 1,278 institutional sales violated securities laws and imposed a $125.035 million fine, well below the $1 billion in recovery and pre-judgment interest and a $900 million civil penalty required by the SEC. Although the case is said to be closed, the Securities Exchange Commissio...
At a hearing in the U.S. District Court for the Southern District of New York on July 22 local time, Antonia Perez Hernandez and Nestor Nunez pleaded guilty to conspiring to commit wire fraud in connection with the Forcount scheme. Hernandez, Nunez and others allegedly stole $8.40 million from primarily Spanish-speaking investors between 2017 and 2021 by promoting cryptocurrency trading and mining on Forcount, promising huge returns.
At Thursday's hearing, Judge Katherine Polk Failla of the District Court for the Southern District of New York rejected Coinbase's request to subpoena Securities Exchange Commission (SEC) Chairperson Gary Gensler for personal communications, asking him to re-devise plans and develop a briefing schedule. Previously in June, Coinbase told the SEC that it plans to subpoena SEC Chairperson Gary Gensler for personal communications related to cryptocurrencies during his tenure and in the four years pr...
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