Former Moelis & Co. investment banker Benjamin Taylor will travel from France to the United States to plead guilty to providing confidential deal information to a multinational insider‑trading network. The ring, uncovered in a 2019 indictment, operated across the US, UK, France, Switzerland, Greece, Israel and Hong Kong, and has already produced convictions of several participants, including an ex‑Goldman Sachs banker. Taylor, who has been residing in France—a country that does not extradite its citizens—said he wants to “put the past behind him” and accept responsibility. His plea marks the latest development in a sprawling cross‑border securities fraud case.
The SEC filed a lawsuit against Morocoin Tech Corp., three investment clubs and four crypto‑trading platforms, accusing them of a fraudulent token offering that promised outsized returns and left retail investors empty‑handed. The complaint highlights a novel legal question: whether...
The NBER study compiled the first large‑scale dataset of 614 U.S. venture‑capital‑backed startups that faced fraud charges since 2000. It shows VC‑backed firms are 54% more likely to be charged with fraud than comparable non‑VC firms in a public‑company subsample....
The U.S. Securities and Exchange Commission secured a final consent judgment against Fernando Passos, former executive vice president of finance and investor relations at IRB Brasil Resseguros. Passos allegedly fabricated a press release and shareholder list claiming Berkshire Hathaway had...
Federal prosecutors announced the arrest of Christopher Alexander Delgado, a 34‑year‑old from Apopka, Florida, accused of orchestrating what may be the largest crypto‑linked Ponzi scheme in U.S. history. Authorities allege Delgado siphoned roughly $328 million from investors through fraudulent cryptocurrency offerings....
The SEC has introduced Section 2.3 of its new Enforcement Manual, requiring staff to disclose any salient, probative evidence to recipients of Wells notices, subject to confidentiality limits. This “open jacket” policy obligates the agency to be forthcoming about the investigative...
Manhattan US Attorney Jay Clayton announced a new self‑reporting program that lets companies avoid criminal prosecution if they promptly disclose fraud or market‑integrity violations. Eligible firms must fully cooperate with investigators, commit to three years of ongoing disclosure, and compensate...
Two former Lottery.com executives, CFO Ryan Dickinson and CRO Matthew Clemenson, pleaded guilty to securities fraud for allegedly inflating the company's revenue. A federal judge approved SEC civil penalties, including bans from serving as directors or officers of public companies....
The Commodity Futures Trading Commission’s enforcement activity on digital assets has sharply contracted, dropping from 58 actions in 2024 to just 13 in 2025. Many ongoing crypto investigations were closed without any claims, and staff who survived a wave of...
Convicted crypto fraudster Sam Bankman‑Fried has turned to a MAGA‑styled social media campaign, urging President Donald Trump to grant him a presidential pardon. The effort follows Trump’s recent pardons of high‑profile financial‑crime figures, including Binance founder Changpeng Zhao. A White...
The article examines how artificial‑intelligence tools are reshaping insider‑trading prosecutions. Defendants may argue that AI‑generated analysis, rather than material nonpublic information (MNPI), drove their trades, invoking a routine‑strategy or diversification defense. It also explores the “mosaic theory,” suggesting AI can...
The SEC entered final consent judgments against Joseph C. Lewis, his girlfriend Carolyn W. Carter, and pilots Patrick J. O’Connor and Bryan L. Waugh for alleged insider trading. Lewis, as majority owner of a biotechnology investment fund, obtained material nonpublic...
The U.S. Commodity Futures Trading Commission announced that David Miller will become its enforcement director on March 2, succeeding a period of heightened scrutiny over derivatives trading. Miller, a former federal prosecutor, has spent the last several years as a...
WisdomTree received SEC exemptive relief to issue tokenized shares of its $730 million Treasury Money Market Digital Fund. The approval lets investors buy and sell shares at a constant $1 price around the clock, rather than the traditional once‑daily NAV pricing....
The U.S. Securities and Exchange Commission has filed a fraud action against former Edison Nation chief executive Christopher B. Ferguson and former chief strategy officer Brian P. McFadden, alleging they fabricated purchase‑order data for personal protective equipment during the early...