Fraud

Terraform Labs and Do Kwon Held Accountable as US Jury Unveils Fraud Verdict

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Singapore – A US jury has found Terraform Labs and its founder, Do Kwon, liable for fraud in a case concerning the sale of cryptocurrencies. This verdict comes as regulators around the world are clamping down on fraudulent practices in the crypto industry. The jury concluded that Terraform Labs and Kwon had engaged in deceptive practices, causing significant financial harm to investors. This decision serves as a warning to other cryptocurrency platforms and their operators. The trial focused on the sale of Terraform Labs’ stablecoin, Mirror Protocol, which is backed by real-world assets. Investors alleged … Read more

Indictments Unveiled: Assault, Burglary, and Credit Card Fraud Charges in Christian County

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**Hopkinsville, Kentucky -** A Christian County Grand Jury has handed down several indictments on charges including wanton endangerment, burglary, and fraudulent use of a credit card. These indictments represent a range of criminal activities that have taken place in the community, highlighting the ongoing efforts to address criminal behavior. One of the indictments is against Jacquavius Redd, a resident of Hopkinsville, who faces charges of assault and four counts of wanton endangerment. The incident in question occurred on June 14th, during which Redd allegedly used a deadly weapon to cause injuries to one person and … Read more

New York Lawyers Demand Transparency of $175 Million Bond Posted by Donald Trump in Civil Fraud Case

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NEW YORK (AP) — The office of New York State Attorney General Letitia James has requested more information regarding the $175 million bond posted by former President Donald Trump to prevent the collection of a civil fraud judgement against him. In court papers filed on Thursday, state lawyers gave Trump’s legal team or the bond underwriter 10 days to provide justification for the bond’s validity, potentially including details about the collateral provided by Trump. A hearing has been scheduled for April 22. Trump’s lawyer, Christopher Kise, accused James of initiating a “baseless public quarrel” in … Read more

Epiq Unveils Advanced Technology to Safeguard Class Action Claims from Fraud

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NEW YORK (AP) — In anticipation of new digitization trends, Epiq, a global technology-enabled leader in the legal industry and corporations, has announced additional technology enhancements. These advancements aim to protect the integrity of class action claims by ensuring that valid claims are honored and fraudulent claims are stopped. Epiq’s proven anti-fraud process, EpiqShield™, combines technologies, people, and protocols to safeguard settlements from evolving threats. “Bad actors have increased their digital assaults on the class action claims process in recent years,” said Loree Kovach, Epiq’s Senior Vice President of Strategy and Client Technology. Kovach works … Read more