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Whistleblower News From The Inside -- February 28, 2018

Posted  February 28, 2018

By the C|C Whistleblower Lawyer Team

Texas Issues Another Cease-and-Desist over Alleged Crypto Fraud – “A Texas regulator is gunning for yet another cryptocurrency-related company it accuses of promoting unregistered securities targeting the U.S. state’s residents. The Texas State Securities Board (TSSB) issued a new cease-and-desist order on Feb. 26 to a Panama-based cryptocurrency firm named LeadInvest.net.” CoinDesk

‘Pharma bro’ Shkreli to Be Held Responsible for $10.4 Million in Losses: U.S. Judge – “Former U.S. drug company executive Martin Shkreli will be held responsible for $10.4 million in financial losses when he is sentenced for defrauding investors, a federal judge ruled on Monday, rejecting his argument that he did not cause any losses because his investors eventually came out ahead.” Reuters

Jeweler Files for Bankruptcy as PNB Fraud Rises to $2 Billion – “The international jewelry business that’s part of the empire controlled by Nirav Modi, a billionaire accused of masterminding India’s biggest bank fraud, has filed for bankruptcy in the U.S. just as the Indian lender at the heart of the scam revised up its fraud estimate.” Bloomberg