News
New York State Senator Kevin Thomas has prepared a bill outlining the framework for crypto-related prosecutions. The bill calls for defining, penalizing, and criminalizing fraudulent behavior in connection with cryptocurrencies. Some of the charges set forth in the bill include failure to disclose the ownership of digital tokens, and if an individual or entity owns…
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Disruptive Technologies, an investor with Morgan Stanley, alleged the firm leaked information regarding a large sale of Palantir Technology shares. The SEC and DOJ are looking into whether Wall Street firms, such as Morgan Stanely, favored specific clients by giving them inside information in block trades. Allegedly, the leak cost Disruptive Technologies tens of millions…
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Last week, the SEC charged several individuals in a half a billion-dollar Ponzi Scheme that involved investing in personal injury settlements. The SEC charged the defendants with fraud and acting as unregistered brokers “selling” unregistered securities. Christopher Warren, Managing Partner at Warren Law Group states, “Even post-Madoff, a Ponzi Scheme is a popular confidence con…
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In the Ripple Labs vs. SEC investigation, it seems that each week there is an update on the case. Yesterday, the most recent news broke, and Ripple is claiming it to be “a very big win.” Judge Sarah Netburn denied the SEC’s request to reconsider hiding documents under privilege related to a June 2018 speech…
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The Securities and Exchange Commission (SEC) recently charged two siblings with defrauding thousands of investors out of approximately $125 million through unregistered securities offerings involving a digital token. According to the complaint, the siblings were selling the digital token, Ormeus Coin, on crypto trading platforms. The defendants utilized social media to falsely claim that Ormeus…
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Congratulations to Christopher Warren, Managing Partner, and Todd Kulkin, Partner and Chair of Corporate Division, for being selected as part of the Super Lawyers 2022 Rising Stars list in the New York Metro Area. This year is Chris’ first selection as a Super Lawyer, and Todd has been selected every year since 2014. Super Lawyers is a…
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How to Properly Handle Witness Proffers in Criminal and Regulatory Investigations David Rosenfield When you think of Martha Stewart, do you think of cooking shows or white collar criminal cases? Martha Stewart’s case is one of the more infamous and recent to come to mind for most regulatory attorneys. Stewart participated in what’s known as…
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Last week, Warren Law Group secured a $175,000 award in compensatory and punitive damages for our client in regards to a defamatory U5 filing. Jon-Jorge Aras, Partner and Chair of Securities Litigation knew this was going to be an uphill battle as he was up against a high-profile brokerage firm, Commonwealth. This significant case was…
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Activision Blizzard and its CEO, Bobby Kotick are not only in hot water for the sexual assault allegations within the company, but they are now being investigated by the DOJ and the SEC for potential insider trading. Days before Activision agreed to be purchased by Microsoft for $95 a share, three media moguls, Alexander von…
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