Thursday marks a red letter day in annals of fraud — the type that destroys companies and careers. No, not that crypto exchange. You might be forgiven for automatically defaulting in your mind’s eye to FTX, which continues to dominate headlines as the spectacular crypto...
Bahamas-based crypto exchange FTX’s troubles continued this weekend with reports that police and regulators in the Caribbean nation had interviewed former CEO Sam Bankman-Fried. The exchange’s founder and ex-chief executive was questioned by the island’s police force and its Securities Commission to determine whether there...
FTX’s former CEO is being replaced by one of the men who oversaw Enron’s bankruptcy proceedings. There’s irony in that news. John J. Ray III, a restructuring lawyer who helped steer Enron’s dissolution, and recover funds for creditors, now — two decades later — takes...
In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Plus, the Federal Deposit Insurance Corp. (FDIC) is looking to modernize bank reporting. Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs As...
December 06, 2022
Thursday marks a red letter day in annals of fraud — the type that destroys companies and careers. No, not that crypto exchange. You might be forgiven for automatically defaulting in your mind’s eye to FTX, which continues to dominate headlines as the spectacular crypto collapse continues to send shockwaves through the digital asset ecosystem. […]
June 29, 2020
Author George Santayana famously wrote: “Those who cannot remember the past are condemned to repeat it.” And Mark Twain once wrote: “History doesn’t repeat itself, but it often rhymes.” Might...
December 12, 2022
The former boss of Wirecard is maintaining his innocence. Ex-CEO Markus Braun, who headed the German payments firm, is in the midst of a fraud trial two years after the company’s insolvency and collapse. Braun has denied any wrongdoing. On Monday (Dec. 12), his lawyers began their defense by attempting to shift the blame onto […]
November 13, 2022
Bahamas-based crypto exchange FTX’s troubles continued this weekend with reports that police and regulators in the Caribbean nation had interviewed former CEO Sam Bankman-Fried. The exchange’s founder and ex-chief executive...
October 24, 2017
Billionaire investor and Saudi Arabian prince Alwaleed bin Talal dismissed Bitcoin on Monday (Oct. 23), saying on CNBC’s “Squawk Box” that he expects the value of the unregulated cryptocurrency to...
