News & Analysis as of

Department of Justice (DOJ) Cryptocurrency Coronavirus/COVID-19

ArentFox Schiff

Investigations Newsletter: Two Charged in Alleged $227 Million COVID-19 Test Kit Fraud

ArentFox Schiff on

Two Charged in Alleged $227 Million COVID-19 Test Kit Fraud - Syed Murtuza Kablazada and Mehdi Hussain, the owners and operators of medical laboratories in Illinois, were charged with submitting more than $227 million in...more

ArentFox Schiff

Investigations Newsletter: Two Individuals Indicted for Operating $25 Million Crypto-Fraud

ArentFox Schiff on

Two Individuals Indicted for Operating $25 Million Crypto-Fraud - On December 11, a federal court in California unsealed a superseding indictment, which charged two men with operating a $25 million cryptocurrency fraud...more

ArentFox Schiff

Investigations Newsletter: Co-Founder of Fraudulent Cryptocurrency Sentenced to 20 Years in Prison

ArentFox Schiff on

Co-Founder of Fraudulent Cryptocurrency Sentenced to 20 Years in Prison - Karl Sebastian Greenwood, a citizen of Sweden and the United Kingdom and co-founder of the cryptocurrency OneCoin, was sentenced to 20 years in...more

ArentFox Schiff

Investigations Newsletter: DOJ Announced Results of Nationwide COVID-19 Fraud Enforcement

ArentFox Schiff on

DOJ Announced Results of Nationwide COVID-19 Fraud Enforcement - On Wednesday, August 23, 2023, the US Department of Justice (DOJ) announced the results of a coordinated, nationwide enforcement action to combat COVID-19...more

Lowenstein Sandler LLP

Trade Matters -Lowenstein Sandler's Global Trade & National Security Newsletter - June 2023

Lowenstein Sandler LLP on

Crypto Asset Company Settles Sanctions Violations for $7.5 million- On May 1, the U.S. Department of Foreign Assets Control (OFAC) announced a $7.5 million settlement with crypto asset company Poloniex LLC for 65,942 apparent...more

White & Case LLP

Mixed Signals: US M&A FY 2022

White & Case LLP on

Although the record-breaking deal activity of 2021 spilled over into 2022, headwinds in the first quarter developed into a significant slowdown during the rest of 2022, with an expectation of continued slowness as we enter...more

Skadden, Arps, Slate, Meagher & Flom LLP

Enforcement Priorities Could Shift in a Downturn

In 2022, we saw steep drops in the U.S. stock market, comparable to the bursting of the dot-com bubble of 2000-01 and the crash set off by the global financial crisis of 2007-09. Additionally, cryptocurrency markets have lost...more

McDermott Will & Emery

International Legal Highlights Korea | July 2022

McDermott Will & Emery on

UNDERSTANDING CONSTRUCTION RISK ON INFRASTRUCTURE INVESTMENTS - Private investment in infrastructure, especially renewable energy projects, is surging across the globe. In fact, total new investment in renewable energy hit...more

Vinson & Elkins LLP

White Collar Enforcement Gains Momentum as COVID Restrictions Ease: What You Need to Know

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Enforcement of corporate crimes, which languished for two years during the COVID-19 pandemic, will grow more vigorous this year and may be accompanied by significantly tougher penalties, partners with Vinson & Elkins’ (“V&E”)...more

Clark Hill PLC

Window on Washington – Vol. 6, Issue 20

Clark Hill PLC on

Outlook for This Week in the Nation’s Capital - Congress. The House is in a committee work period, and the Senate is in session this week. Senate Majority Leader Chuck Schumer (D-N.Y.) is planning a procedural vote this week...more

ArentFox Schiff

Investigations Newsletter: Prosecutors Target Fake COVID-19 Immunization and Vaccination Cards

ArentFox Schiff on

Prosecutors Target Fake COVID-19 Immunization and Vaccination Cards - In the first federal prosecution related to fraudulent vaccination cards and immunizations for the COVID-19 virus, a California neuropathic doctor, Juli...more

Cohen & Gresser LLP

COVID, Crypto, and Kleptocrats: Current Justice Department Enforcement Initiatives

Cohen & Gresser LLP on

The Department of Justice (DOJ) has recently signaled a renewed focus on enforcement, and its priorities are being driven by world events. In the past few months, the DOJ has announced new task forces and more resources to...more

Lowenstein Sandler LLP

Trends in White Collar Crime Enforcement: Looking Back on 2021 and Ahead to 2022

Theranos, Trump Organization, Operation Varsity Blues, DEI, ESG and More: Experts Expect SEC and DOJ Actions to Ramp Up in 2022- 2022 will likely be a lot like 2021, only more so. With most key federal positions filled,...more

ArentFox Schiff

Investigations Newsletter: Fraud Scheme Results in $56 Million Seized as Largest Recovery of Cryptocurrency by US

ArentFox Schiff on

Fraud Scheme Results in $56 Million Seized as Largest Recovery of Cryptocurrency by US - On November 12, 2021, the U.S. Department of Justice and U.S. Attorney’s Office for the Southern District of California’s request was...more

Eversheds Sutherland (US) LLP

US Cybersecurity and Data Privacy review and update: Looking back on our 2020 articles and planning ahead for 2021

It was a tumultuous year for privacy and cybersecurity, and further uncertainty is all but guaranteed. The key to navigating this volatility, as 2020 proved, is to develop and maintain a proactive, agile and holistic data...more

Robins Kaplan LLP

Financial Daily Dose 2.8.2021 | Top Story: Weak Jan. Jobs Report Paves Way for Biden’s Covid Relief Plan

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Friday’s “anemic” jobs report (just 49,000 jobs added in January, and precious few of those in the private sector) “underscored the pandemic’s brutal damage to the job market” and likely made President Biden’s sale of his...more

Robins Kaplan LLP

Financial Daily Dose 10.23.2020 | Top Story: CA Appeals Court Tells Uber and Lyft to Treat Drivers as Employees

Robins Kaplan LLP on

A California appeals court has affirmed a lower court decision requiring Uber and Lyft to “treat their California drivers as employees, providing them with the benefits and wages they are entitled to under state labor law.”...more

Goodwin

SEC Adopts Rule Providing New Regulatory Framework For Fund-Of-Funds

Goodwin on

In the News. The Securities and Exchange Commission (SEC) announced that it adopted Rule 12d1-4 under the Investment Company Act of 1940 (the 1940 Act), providing a new regulatory framework for fund-of-funds and final...more

BakerHostetler

Crypto Payment Products Show Gains, Blockchain Initiatives Announced for COVID-19 Data, Regulators Consider Blockchain Issues,...

BakerHostetler on

Announcements Provide Details on New Cryptocurrency Payment Products - According to recent reports, a major U.S. mobile payments firm has announced that its Q2 revenue from selling bitcoin to customers through its Cash App...more

Perkins Coie

Blockchain Week in Review - February 2020 #2

Perkins Coie on

U.S. Developments – Regulatory - U.S. Treasury Foreshadows “Significant New Requirements” - In testimony before the Senate on Wednesday, Secretary of the Treasury Steven Mnuchin eluded to new regulation. Mnuchin said...more

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