marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
lawsuit
09/22/2023
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By Arsenio Toledo
Sam Bankman-Fried’s father complained about being paid only $200K a year when he expected an annual salary of $1M from FTX
Joseph Bankman, the father of disgraced cryptocurrency mogul and former billionaire Sam Bankman-Fried, allegedly complained to his son about him only having a salary of $200,000 a year, a fraction of the $1 million he was expecting. This is according to a lawsuit filed by FTX, the cryptocurrency exchange founded by Bankman-Fried, against his parents. This […]
04/06/2023
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By Cassie B.
Elon Musk asks judge to toss $258 billion racketeering lawsuit against him over Dogecoin support
Elon Musk has asked a judge to toss out a $258 billion racketeering lawsuit stemming from his support for the meme cryptocurrency dogecoin. The suit was filed by a group of investors who accused Musk of intentionally driving up the price of Dogecoin by more than 36,000 percent across a period of two years before […]
03/26/2023
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By Ethan Huff
FTX victims sue YouTubers who promoted now-failed cryptocurrency exchange for $1 billion
Victims who lost money following the collapse of FTX are suing finance YouTubers who promoted the now-failed cryptocurrency exchange, which was run by disgraced CEO and left-wing megadonor Sam Bankman-Fried (SBF). According to reports, the plaintiffs are seeking $1 billion in damages in a class-action suit against these social media “influencers” who peddled the toxic […]
03/14/2023
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By JD Heyes
Stablecoin USDC busts through dollar peg as its cryptocurrency at risk of losing billions in SVB collapse
The collapse of Silicon Valley Bank in California is continuing to have negative reverberations throughout the economy and across the finance and tech worlds. Circle, a US-based cryptocurrency firm, announced over the weekend that nearly 8 percent of its $40 billion reserves were tied up with SVB. As a result, the value of Circle’s stablecoin, […]
03/14/2023
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By Arsenio Toledo
Shareholders file class action suit against Silicon Valley Bank over alleged securities fraud
The recently collapsed Silicon Valley Bank (SVB) is now facing a lawsuit filed by its shareholders, who are alleging that the bank is in violation of federal securities laws. The class action suit of shareholders led by Chandra Vanipenta is directed against SVB Financial Group, the bank’s parent company, and its Chief Executive Officer Greg Becker and […]
01/06/2023
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By JD Heyes
Crackdowns continue on crypto companies following arrest of Sam Bankman-Fried and FTX disaster
What many see as a long-awaited crackdown on cryptocurrency companies and exchanges finally appears to be in full swing after the arrest of former FTX CEO Sam Bankman-Fried and the mega-billion-dollar collapse of his company, allegedly thanks to massive fraud and theft of investor funds. On Thursday, New York Attorney General Letitia James became the latest […]
12/20/2022
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By Ethan Huff
Fan of Tom Brady who lost life savings following football star into FTX scam sues him for recompense
A New England Patriots fan who used to love Tom Brady is suing the self-proclaimed Christian football star for scamming him into investing his life savings into FTX. Michael Livieratos says he decided to go the FTX route after seeing Brady in commercials endorsing the cryptocurrency. In one of them – watch below – Brady […]
12/13/2022
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By Arsenio Toledo
Bored Ape Yacht Club NFT investors suing celebrity promoters for misleading and fraudulent endorsements of the failed product
A-list celebrities, including television host Jimmy Fallon, actress Gwyneth Paltrow and singer Justin Bieber, have been sued in a class action suit accusing them and other celebrities of fraud after they promoted Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs). The suit claims that celebrities, which also include pop singer Madonna and socialite Paris Hilton, pumped up […]
09/09/2022
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By Cassie B.
$258 billion Dogecoin racketeering lawsuit filed against Elon Musk has expanded – massive crypto pump and dump scheme alleged
A high-profile racketeering lawsuit filed against Elon Musk accusing the Tesla CEO of running a pyramid scheme involving the cryptocurrency Dogecoin has now expanded. An amended complaint that was filed this week in a Manhattan federal court saw seven new investor plaintiffs added to the suit as well as six new defendants. The lawsuit maintains […]
06/23/2022
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By Ethan Huff
Collapse continues: Environmentalists sue Biden regime to block 3,500 oil and gas permit applications for drilling on federal lands
At a time when America desperately needs to ramp up its drilling efforts for oil and gas to help increase supplies and quell inflation, a coalition of environmental groups is suing the Biden regime over 3,500 permit applications that seek to do this very thing on federal lands. These extremist groups argue that allowing energy […]
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