Charles Ponzi

ASC alleges Calgary resident Craig Michael Thompson, Black Box Management Corp., and Invader Management Ltd. breached Alberta securities laws

Retrieved on: 
Friday, April 5, 2024
Interim order, Alberta Securities Commission, AB, ASC, Charles Ponzi, Private investigator

CALGARY, AB, April 5, 2024 /CNW/ - The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging that Craig Michael Thompson along with two companies he controlled, Black Box Management Corp. and Invader Management Ltd., perpetrated a fraud on investors and breached registration requirements.

Key Points: 
  • CALGARY, AB, April 5, 2024 /CNW/ - The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging that Craig Michael Thompson along with two companies he controlled, Black Box Management Corp. and Invader Management Ltd., perpetrated a fraud on investors and breached registration requirements.
  • According to the Notice of Hearing, Thompson raised about $150 million from approximately 1,000 investors between March 2020 and September 2023.
  • Most investors provided funds for Thompson to trade in securities on their behalf.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Marshall & Stevens Acquires Salt Lake City Dispute Advisory Firm

Retrieved on: 
Tuesday, March 26, 2024
Certification, Charles Ponzi, Partnership, CFF, Knowledge, Divorce, Acquisition, CFE, Insurance, Dispute resolution, RMA, E&I, ASA, Energy, M&S, CIRA

LOS ANGELES, March 26, 2024 /PRNewswire/ -- Marshall & Stevens, Incorporated ("Marshall & Stevens" or "M&S"), a premier national independent valuation consulting firm, is pleased to announce the acquisition of Rocky Mountain Advisory, LLC ("RMA"), a respected forensic accounting and litigation support company headquartered in Salt Lake City, Utah.

Key Points: 
  • LOS ANGELES, March 26, 2024 /PRNewswire/ -- Marshall & Stevens, Incorporated ("Marshall & Stevens" or "M&S"), a premier national independent valuation consulting firm, is pleased to announce the acquisition of Rocky Mountain Advisory, LLC ("RMA"), a respected forensic accounting and litigation support company headquartered in Salt Lake City, Utah.
  • The addition of RMA expands Marshall & Stevens' platform of services to include more comprehensive dispute resolution and expert witness consulting.
  • "We are eager to introduce the specialists from RMA to our clients and referral sources and to having an office in Salt Lake City.
  • The addition of RMA is the first step in the development of an expansive Marshall & Stevens Dispute Resolution and Investigations practice."

Fifteenth Pro Rata Interim Distribution of Recovered Funds to Madoff Claims Holders Commences; Totals More Than $78 Million

Retrieved on: 
Friday, February 23, 2024
BakerHostetler, Securities Investor Protection Corporation, Trustee, AlixPartners, SIPC, SIPA, Charles Ponzi, Madoff investment scandal

NEW YORK and WASHINGTON, Feb. 23, 2024 /PRNewswire/ -- Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), announced that the fifteenth pro rata interim distribution from the Customer Fund to eligible BLMIS customers commenced today.

Key Points: 
  • The SIPA Trustee is distributing more than $78 million on a pro rata basis to BLMIS account holders with allowed claims.
  • The fifteenth interim distribution represents 0.419 percent of each allowed claim and will be paid on claims relating to 773 accounts.
  • The fifteenth pro rata interim distribution was reached as a result of settlements and litigation since the last interim distribution in February 2023.
  • Of these 2,290 accounts, 1,521 with claims up to $1.731 million will be fully satisfied following the fifteenth interim distribution.

UXUY releases 「Crypto Equity Manifesto II - Lightning Launchpad」, Calling for the Removal of Ponzi Models in new asset issuance

Retrieved on: 
Tuesday, January 23, 2024
Crypto, Architecture, Charles Ponzi, Lightning, Blockchain, Blog, Ecosystem, Lightning Network, Manifesto, Ecology, Soil, Cryptocurrency

And published the UXUY Crypto Equity Manifesto II on the official blog, explaining the importance of crypto equity when issuing new assets based on Launchpad.

Key Points: 
  • And published the UXUY Crypto Equity Manifesto II on the official blog, explaining the importance of crypto equity when issuing new assets based on Launchpad.
  • UXUY Lightning Launchpad takes advantage of the lightning network's high efficiency and low gas and relies on the Lightning Network Invoice random number to ensure that the Launchpad process is transparent.
  • UXUY Lightning Launchpad is exploring a new model that is equal, transparent, and based on the native consensus of the Bitcoin Lightning Network.
  • With the UXUY Lightning Launchpad, we introduce a solution based on the Bitcoin Lightning Network.

Jamie Dimon is Clearly Misinformed About Cryptos, Says PayBito CEO

Retrieved on: 
Tuesday, December 12, 2023
Bitcoin, JPMorgan Chase, Crime, Jamie Dimon, PALO, Blockchain, Senate, CoinDesk, Cryptocurrency, Charles Ponzi

PALO ALTO, Calif., Dec. 12, 2023 /PRNewswire-PRWeb/ -- On Wednesday, JPMorgan Chase & Co Chief Executive Jamie Dimon told US lawmakers to crack down on cryptocurrency transactions. This will help in preventing the use of cryptos by rogue nations and terrorist organizations. However, Jamie Dimon has a long history of trashing cryptos. He also said many times that if he had power, he would shut down cryptos.

Key Points: 
  • PALO ALTO, Calif., Dec. 12, 2023 /PRNewswire-PRWeb/ -- On Wednesday, JPMorgan Chase & Co Chief Executive Jamie Dimon told US lawmakers to crack down on cryptocurrency transactions.
  • However, Jamie Dimon has a long history of trashing cryptos.
  • The irony about Jamie Dimon is that his Wall Street bank assumed leadership by using blockchain technology.
  • Bitcoin maximalist and PayBito Chief Raj Chowdhury says "Jamie Dimon is clearly misinformed about Cryptos.

Madoff Trustee Requests Allocation of More Than $66 Million to Customer Fund and Court Approval to Distribute More Than $45 Million to BLMIS Customers with Allowed Claims

Retrieved on: 
Friday, December 8, 2023
United States bankruptcy court, Distribution, Securities Investor Protection Corporation, AlixPartners, CGM, History, BakerHostetler, EST, SIPA, SIPC, Hearing, Madoff investment scandal, Motion, Bankruptcy, Music, Cryptocurrency, Insurance, Charles Ponzi, Bernie Madoff

"They have the full support of SIPC as well as our thanks for their commitment and accomplishments."

Key Points: 
  • "They have the full support of SIPC as well as our thanks for their commitment and accomplishments."
  • "Our legal team under David Sheehan continues to achieve judicial victories on behalf of Madoff claimants with allowed claims.
  • The aggregate amount distributed to eligible BLMIS customers will total approximately $14.43 billion, including approximately $849.9 million in advances committed by SIPC.
  • The Fifteenth Customer Fund Allocation and Distribution Motion can be found on the United States Bankruptcy Court's website at http://www.nysb.uscourts.gov/ ; Bankr.

The Moskowitz Law Firm Selected as Sole Firm to Represent the US in Prestigious Global Legal Guide

Retrieved on: 
Thursday, November 9, 2023
Insurance, Chambers and Partners, Sale, Voyager, Policy, Guide, Certification, FTX, Lawyer, Multimedia, Chambers, Collective, Surfside condominium collapse, Charles Ponzi, European, Memory, Private law, Cryptocurrency

MIAMI, Nov. 9, 2023 /PRNewswire/ -- The Moskowitz Law Firm is honored to be selected as a Contributing Firm to the Chambers' Collective Redress & Class Actions Global Practice Guide.

Key Points: 
  • MIAMI, Nov. 9, 2023 /PRNewswire/ -- The Moskowitz Law Firm is honored to be selected as a Contributing Firm to the Chambers' Collective Redress & Class Actions Global Practice Guide.
  • The Guide covers 19 different jurisdictions across the globe and the Moskowitz Law Firm was selected as the sole Law Firm to represent the United States.
  • Adam Moskowitz, Managing Partner at The Moskowitz Law Firm contributed his extensive class action academic and practical expertise, along with Firm Partners Howard Bushman and Joseph Kaye .
  • The Moskowitz Law Firm is one of America's pre-eminent class action law firms.

J5 countries host "Cyber Challenge" focused on data mining and financial reporting

Retrieved on: 
Thursday, November 2, 2023
DEX, Challenge, Canada Revenue Agency, Intelligence, NASA International Space Apps Challenge, The Royal Canadian Mounted Police in Quebec, FINTRAC, Joint Chiefs of Staff, FIU, Tax, Private sector, HMRC, Organization, The Challenge, Crime, Defense Criminal Investigative Service, Non-fungible token, Law enforcement, Environment, Australian Taxation Office, IRS-CI, RCMP, COVID-19, Financial intelligence, Ecosystem, US Cyber Challenge, IRS Criminal Investigation, Charles Ponzi, J5, Revenue, AUSTRAC, Financial crime, CRA, FIOD, Cryptocurrency, Drug

This year's iteration of the Challenge focused on data mining and financial reporting relating to crypto-assets and technology enabled financial threats.

Key Points: 
  • This year's iteration of the Challenge focused on data mining and financial reporting relating to crypto-assets and technology enabled financial threats.
  • This is the first Challenge where Financial Intelligence Units (FIUs) from each J5 country participated.
  • Collectively, the J5 member countries, FIUs, and blockchain analysis companies scoured their respective data holdings to identify the most promising cryptocurrency leads related to tax evasion and money laundering.
  • The J5 works together to gather information, share intelligence and conduct coordinated operations against transnational financial crimes.

TRM Labs Acquires Bitcoinabuse.com

Retrieved on: 
Wednesday, October 11, 2023
Crypto, Paramount, Web3, Partnership, Ledger, Organization, URL, Charles Ponzi, CMO, Law enforcement, SAN, Cryptocurrency

SAN FRANCISCO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- TRM Labs, the leader in blockchain intelligence solutions, today announced it has acquired Bitcoinabuse.com to help power Chainabuse , the world’s leading destination for reporting malicious crypto activity.

Key Points: 
  • SAN FRANCISCO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- TRM Labs, the leader in blockchain intelligence solutions, today announced it has acquired Bitcoinabuse.com to help power Chainabuse , the world’s leading destination for reporting malicious crypto activity.
  • These enhancements to Chainabuse support community led efforts to help victims accelerate stolen asset seizure at scale.
  • All previously reported scam data has been combined into a single platform to check transactions, URLs and blockchain addresses, supporting a safer cryptoverse.
  • Avascan users are empowered to report suspicious activity, stay updated on scams, identify potentially malicious addresses and receive support.”
    “Chainabuse enables everyone, everywhere, to report malicious crypto activity and get connected to the support they need,” said Esteban Castaño, co-founder and CEO, TRM Labs.

TWIST ALERT: Bragar Eagel & Squire, P.C. is Investigating Twist Bioscience Corp on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Friday, October 6, 2023
Scorpion, Hospital, Public expenditure, Fraud, Telephone, Defendant, DNA, Biotechnology, P.C, Complaint, Charles Ponzi, Growth, Cryptocurrency

Our investigation concerns whether the board of directors of Twist have breached their fiduciary duties to the company.

Key Points: 
  • Our investigation concerns whether the board of directors of Twist have breached their fiduciary duties to the company.
  • Twist, a Delaware corporation with its principal executive offices in South San Francisco, California, is a biotechnology company that manufactures synthetic DNA and DNA products.
  • Synthetic DNA products allow users to design and modify DNA for the purposes of academic research, enhancing specialty chemical production, and developing healthcare treatments, among other uses.
  • According to the Scorpion Report, Twist is perpetuating its fraud through false reporting of capital expenditures and gross margins—which Scorpion claims are actually negative.