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Second Circuit Narrows Scope of Federal Criminal Fraud Statute in NFT “Insider Trading” Case

In United States v. Chastain, a split panel of the Second Circuit recently vacated the convictions of a former executive of an NFT marketplace who had been charged with misusing confidential information to trade NFTs for...more

US Supreme Court Adopts Expansive “Fraudulent Inducement” Theory of Wire and Mail Fraud

As we previously reported, last month, the Supreme Court of the United States in Kousisis v. United States roundly endorsed the expansive “fraudulent inducement” theory of federal wire and mail fraud. Resolving a circuit...more

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