The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $ 650 million from over 200,000 investors, many in the Haitian-American community. The SEC frames NovaTech, founded in 2019 by husband-and-wife duo Cynthia and Eddy Petion, as a multi-level marketing (MLM) scheme — one that lured […]
“Squid Game” Star Lee Jung Jae Facing Shocking Fraud Accusations
Renowned actor Lee Jung Jae — best known for his role in the global Netflix hit Squid Game — is currently under scrutiny as he faces serious fraud allegations. | News1 The Seoul Gangnam Police Station has confirmed that they are investigating a complaint filed against the actor and Park In Kyu, former CEO of […]
Celebrity Couple Accused Of Fraud In Shocking Viral Post
A celebrity couple has become embroiled in a shocking scandal after allegations emerged online claiming they left a beauty salon without paying for services worth several million won. The salon owner alleged the incident through an online post, which has now gone viral. Photo for illustrative purposes only. | Lifestyle Asia The salon owner, referred […]
Founder behind social media app IRL charged with fraud
While venture capitalists and the rest of the technorati are off on holiday or attending the Paris Olympics, the U.S. Securities and Exchange Commission and its staff attorneys are keeping busy this summer. For the second time this week — and at least the fourth time in the past several months — the SEC has […]
The SEC has charged an a16z and Sequoia-backed crypto startup founder with fraud
The founder of once-hyped crypto startup BitClout is facing trouble. On Tuesday, the SEC charged BitClout founder Nader Al-Naji with fraud and unregistered offering of securities, claiming he used a pseudonymous identity to avoid regulatory scrutiny while he raised over $ 257 million in cryptocurrency. BitClout, a decentralized social media platform, raised from a who’s-who […]