Search Results for: Hedges

The US Court of Appeals for the Second Circuit Tuesday reversed insider trading convictions against four defendants over leaks from a US healthcare agency. In the 2-1 decision, the court dismissed various fraud and theft charges against former hedge-fund partners Theodore Huber and Robert Olan, political intelligence consultant David Blaszczak and former US Centers for [...]

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The Securities and Exchange Commission (SEC) Tuesday brought civil charges against Samuel Bankman-Fried, CEO and co-founder of the crypto trading platform FTX Trading Ltd. US prosecutors also unsealed criminal charges against Bankman-Fried on Tuesday following his arrest in the Bahamas. The SEC alleges that Bankman-Fried defrauded equity investors and customers of FTX by diverting assets [...]

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Why was the cryptocurrency exchange FTX valued at $32 billion before it filed for bankruptcy? Many of the world’s most sophisticated investors believed it was worth that much and invested billions based on that valuation. They failed to detect the company’s massive misconduct and their investments were completely wiped out over the course of a [...]

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British citizens Matthew Hedges and Ali Issa Ahmad Tuesday submitted sworn statements and testified to the UN’s Committee Against Torture (CAT) that they had been tortured by authorities in the United Arab Emirates (UAE). The UAE joined the UN Convention against Torture in 2012 and is therefore subject to its first compliance review, which is [...]

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Republican US Senate candidate David McCormick Monday brought a lawsuit asking a Pennsylvania court to order counties to count undated mail-in ballots from the state’s May 17 primary. The ballots could impact the outcome of McCormick’s primary race against celebrity physician Dr. Mehmet Oz. McCormick is less than 1,000 votes behind Oz. McCormick, a former [...]

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The US Court of Appeals for the Fifth Circuit Wednesday held that the Securities and Exchange Commission’s (SEC) in-house adjudication violated the petitioner hedge fund manager’s Seventh Amendment right to a jury trial. The court found that Congress unconstitutionally delegated too much power to the SEC and statutory removal of in-house judges used in the [...]

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When it comes to the performances of companies and financial markets around the world, the influences of climate change and social issues cannot be understated. Toward this end, investors are increasingly prioritizing environmental, social, and governance (ESG) factors, with climate change broadly understood to be among the most imminent threats. The U.S. Securities and Exchange [...]

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The US District Court for the Southern District of New York ruled on Tuesday that Turkey cannot reclaim possession of the “Guennol Stargazer,” a 6,000-year-old marble idol owned by hedge fund billionaire Michael Steinhardt. While Judge Alison Nathan agreed with experts that the idol was originally manufactured in the region of Anatolia between 4800 and [...]

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Bernie Madoff, former Wall Street kingpin and mastermind of the largest Ponzi scheme in history, died Wednesday at the age of 82 in prison while serving his 150-year sentence. He spent about 12 years in prison for engineering a fraud as high as $65 billion. His death resulted from natural causes as he had been [...]

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A class-action lawsuit was filed against Robinhood Thursday after the company barred purchases of GameStop securities (GME) throughout the entire day trading period. The complaint requests an award for damages and an injunction to immediately remove restrictions on purchases. It states, “Robinhood purposefully, willfully, and knowingly the stock ‘GME’ from its trading platform in the [...]

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