A Florida man has pleaded guilty to conspiracy to commit securities fraud in connection with a global cryptocurrency-based Ponzi scheme that took in approximately $100 million from investors. According to court documents, Joshua David Nicholas, 28, of Stuart, was the…

A federal jury convicted the president of a Silicon Valley-based medical technology company yesterday of participating in a scheme to mislead investors, commit health care fraud, and pay illegal kickbacks in connection with the submission of over $77 million in…

By Karen Hobbs Today, people expect to swipe, dip, tap, enter, and use their credit and debit cards everywhere — including at small businesses, local shops, and neighborhood restaurants. If you own a small business, you’ve probably gotten a sales…

The CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS) pleaded guilty Friday for his role in a cryptocurrency fraud scheme involving TBIS’s initial coin offering (ICO) that raised approximately $21 million from investors in the United States and overseas. According…

CBO and the staff of the Joint Committee on Taxation estimate that lowering the age of Medicare eligibility to 60 would increase federal budget deficits, change primary sources of health insurance, and increase the number of people insured. In this…

Order Bans Gregory Winters and Stephen Chaya from Payment-Processing Industry Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against debt-relief payment-processors RAM Payment and Account Management Systems (AMS), as well as AMS’s co-founders, Gregory Winters…

Commission Order Will Require D&B to Provide Refunds to Harmed Businesses and Clean Up Credit Reporting Processes The Federal Trade Commission has finalized an order against Dun & Bradstreet, a provider of business credit report services, for deceiving businesses about…

NAVY System High Corp., Chantilly, Virginia, is awarded a $104,877,823 cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract. This contract provides program security services for the F-35 Joint Program Office to include program management, general security, information security, industrial security, physical security, personnel security, counter-intelligence…

Allegedly Facilitated more than $1 Billion in High-Risk Transactions Without Anti-Money Laundering Controls An indictment was unsealed in the Eastern District of New York charging two defendants with failing to maintain anti-money laundering controls, failing to file suspicious activity reports,…

A federal court in the District of Massachusetts entered an order today authorizing the IRS to serve a John Doe summons on Circle Internet Financial Inc., or its predecessors, subsidiaries, divisions, and affiliates, including Poloniex LLC (collectively “Circle”), seeking information…

The U.S. Department of Justice filed a civil forfeiture complaint in the U.S. District Court for the Southern District of Florida alleging that commercial real estate in Cleveland, Ohio, was acquired using funds misappropriated from PrivatBank in Ukraine as part…

Acquisition Would Eliminate Nascent Competitor Plaid and Prevent Disruption of Visa’s Monopoly in Online Debit The Department of Justice has filed a civil antitrust lawsuit to stop Visa Inc.’s $5.3 billion acquisition of Plaid Inc. Visa is a monopolist in…