New York attorney general sues crypto trading CEO on fraud charges
New York Attorney General Letitia James Thursday sued ex-CEO and cofounder of crypto trading platform Celsius Alex Mashinsky for defrauding customers. James claims that Mashinsky gambled “hundreds of thousands of investors” out of “billions of dollars of investment” by making risky investments in decentralised finance and hiding the reality of his company’s dwindling assets and [...]
FTX CEO Bankman-Fried pleads not guilty in criminal fraud case
Ex-CEO of crypto company FTX Sam Bankman-Fried Tuesday pleaded not guilty to criminal charges including wire fraud, conspiracy, money laundering and election finance violations. In light of his bond release, Bankman-Fried also requested on Tuesday that his bail be modified to ensure that his bail suretors’ identities are redacted. The motion was challenged by news [...]
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 [...]
Conspiracy theorist Alex Jones files for bankruptcy after Sandy Hook verdicts
InfoWars and conspiracy theorist Alex Jones filed for Chapter 11 bankruptcy protections in the Southern District of Texas on Friday. Jones, who has been described as “the most prolific conspiracy theorist in contemporary America” was ordered to pay over $1.4 billion dollars in damages in defamation cases against victims of the 2012 Sandy Hook Elementary [...]
Peru environment ministry rejects bill to exempt mining companies from environmental compliance
The Peruvian Ministry of Environment (MINAM) Friday issued a public statement rejecting the Congress of the Republic’s approval of Bill 412, which exempts bankrupt mining companies from complying with environmental certifications. Congressman César Manuel Revilla of the Group Parliamentarian Popular Force presented the bill in October 2021. It establishes special measures for companies in assets restructuring [...]
James Ekin is a UK staff correspondent for JURIST. Liz Truss made her final statement outside Downing Street at 10am UK time on 25th October 2022. In her statement outside the famous facade of Downing Street she said: “It has been a huge honour to be Prime Minister of this great country, in particular, to [...]
UK court rules automatic deductions from benefits without notice unlawful
A UK court Friday ruled that third party deductions (TPDs), automatic deductions from benefits to pay overdue utility bills, are unlawful and a “breach of the obligation of fairness.” Until Friday, companies had no obligation to consult the debtor before issuing a TPD. Justice Cavanagh ruled that, whilst their consent is still not required, debtors [...]
On June 24, 2022, the United States Supreme Court announced its verdict in Dobbs v. Jackson Women’s Health Organization, reversing Roe v. Wade and upending 50 years of precedent preserving a woman’s right to privacy in choosing to terminate a pregnancy before viability. The state legislation at issue in Dobbs was Mississippi’s Gestational Age Act, [...]
The US Supreme Court Monday agreed to hear MOAC Mall Holdings v. Transform Holdco, a case examining appellate court jurisdiction over sales orders in federal bankruptcy proceedings. The case revolves around the sale and transfer of a lease for a storefront in a mall. In 1991, Sears obtained a lease for a storefront in the [...]
New York Supreme Court rejects NRA attempt to stop investigation by attorney general
In a 14-page decision, the Supreme Court of New York Friday rejected the National Rifle Association’s (NRA) attempt to stop the state’s investigation into the organization. New York Attorney General (NYAG) Letitia James brought an investigation against the NRA in 2020. James alleged that the group was violating non-profit laws and committing tax fraud, and [...]
