Pharma Bro Martin Shkreli banned for life from drug industry in monopoly case, ordered to pay $64.6 million

A file picture of former pharmaceutical govt Martin Shkreli. Getty Photographs A federal decide on Friday ordered infamous “Pharma Bro” Martin Shkreli banned for all times from the pharmaceutical business and in addition ordered him to pay $64.6 million in earnings he earned from mountain climbing the worth of the drug Daraprim. The 135-page ruling … Read more

Crypto scams are the top threat to investors ‘by far,’ say securities regulators

Investments associated to cryptocurrencies and digital property are the highest menace to buyers “by far,” according to new data from the North American Securities Directors Affiliation (NASAA). “Tales of ‘crypto millionaires’ attracted some buyers to attempt their hand at investing in cryptocurrencies or crypto-related investments this 12 months, and with them, many tales of those … Read more

Crypto scammers took a record $14 billion in 2021

Chinnapong | iStock Editorial | Getty Photographs Scammers took residence a file $14 billion in cryptocurrency in 2021, thanks largely to the rise of decentralized finance (DeFi) platforms, based on new information from blockchain analytics agency Chainalysis. Losses from crypto-related crime rose 79% from a 12 months earlier, pushed by a spike in theft and … Read more

Verdict in fraud case of Theranos founder Elizabeth Holmes offers lessons for investors

Typically an funding is simply too good to be true. Take Elizabeth Holmes’ health-care start-up, for instance. On Monday, the founder and former CEO of Theranos was found guilty of 4 expenses in her felony fraud trial. Almost a decade in the past, Holmes raised $945 million from high-profile buyers together with the household of … Read more

Criminals have stolen nearly $100 billion in Covid relief funds, Secret Service says

Criminals have stolen near $100 billion in pandemic reduction funds, the U.S. Secret Service mentioned Tuesday. The stolen funds have been diverted by fraudsters from the Small Enterprise Administration’s Paycheck Safety Program, the Financial Harm Catastrophe Mortgage program and a one other program set as much as dole out unemployment help funds nationwide.  Greater than … Read more

SEC cracks down on SPAC claims as electric-truck maker Nikola agrees to pay $125 million to settle fraud charges

Trevor Milton CEO of Nikola Massimo Pinca | Reuters Electrical truck maker Nikola has agreed to pay the Securities and Alternate Fee $125 million to settle costs that it defrauded traders by deceptive them about its merchandise, technical capability and enterprise prospects. SEC officers mentioned they hoped the penalty would function a warning to all … Read more

That McDonald’s clawback from fallen CEO Easterbrook is huge — but still unusual despite #MeToo era

Steve Easterbrook, president and chief govt officer of McDonald’s Corp., walks the grounds after a morning session in the course of the Allen & Co. Media and Know-how convention in Solar Valley, Idaho, U.S., on Wednesday, July 12, 2017. David Paul Morris | Bloomberg | Getty Pictures The $105 million clawback that McDonald’s is getting … Read more

McDonald’s claws back $105 million from fired CEO Easterbrook, accused of hiding relationships from board

Former McDonald’s CEO Stephen Easterbrook unveiling the corporate’s new company headquarters throughout a grand opening ceremony on June 4, 2018, in Chicago Scott Olson | Getty Photos McDonald’s introduced Thursday it has settled its lawsuit in opposition to former CEO Steve Easterbrook, clawing again his severance cost valued at $105 million. The fast-food large first … Read more

House Speaker Nancy Pelosi opposes banning Congress members from owning individual stocks: ‘We’re a free-market economy’

Speaker of the Home Nancy Pelosi, D-Calif., conducts her weekly information convention in Capitol Customer Heart on Wednesday, December 15, 2021. Tom Williams | CQ-Roll Name, Inc. | Getty Photographs Home Speaker Nancy Pelosi scoffed Wednesday on the thought of banning congressional lawmakers and their spouses from proudly owning inventory shares of particular person corporations, … Read more

Former Minneapolis cop Derek Chauvin set to plead guilty in federal civil rights case for George Floyd killing

Former Minneapolis police officer Derek Chauvin addresses his sentencing listening to and the decide as he awaits his sentence after being convicted of homicide within the dying of George Floyd in Minneapolis, Minnesota, U.S. June 25, 2021 in a nonetheless picture from video. Pool through Reuters CNBC Politics Learn extra of CNBC’s politics protection: On … Read more

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