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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-02-07T20:13:00
A former Coinbase product manager pleaded guilty to two counts of wire fraud conspiracy in the first cryptocurrency insider trading case.
Ishan Wahi was accused by the Department of Justice (DOJ) of working with his brother and a third coconspirator to profit from the purchase and sale of cryptocurrencies before they were listed on Coinbase’s exchange. The DOJ announced Wahi’s guilty plea Tuesday.
Wahi, who was charged in July by the DOJ and the Securities and Exchange Commission (SEC), faces up to 40 years in prison. He is scheduled to be sentenced in U.S. District Court for the Southern District of New York on May 10.
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
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2023-05-11T15:41:00Z By Aaron Nicodemus
Former Coinbase product manager Ishan Wahi was sentenced to two years in federal prison for his role in a crypto insider trading scheme.
2023-03-23T18:08:00Z By Aaron Nicodemus
Coinbase said it was served a Wells Notice by the Securities and Exchange Commission for potential violations of securities law regarding multiple of its cryptocurrency products.
2023-01-10T20:33:00Z By Aaron Nicodemus
The brother of a former Coinbase employee has been sentenced to 10 months in prison for his role in a groundbreaking insider trading scheme involving cryptocurrency.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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