Free Republic

Somehow, people seem legitimately confused that they can't avoid laws with pictures.The financial industry used to be able to make 💩 up so 🤷‍♂️ investors would hand over their 💵. Then the United States passed securities laws and started to crack down on people ginning up public investment based on wild or outright false promises of future returns. This made Wall Street very 🤬. As decades passed, those folks eventually had to accept the SEC, but a new generation of finance bros have shaken off the strictures of Wall Street and moved to the crypto industry (which doesn’t have...

Brian Armstrong is poised to become one of the richest people in the world after Coinbase Global Inc. goes public Wednesday. Coinbase, co-founded by Mr. Armstrong in 2012, runs the largest bitcoin exchange in the U.S. and is set to become the first major cryptocurrency-focused company to go public in the country. It is expected to fetch a valuation of between $65 billion and $100 billion, which could make Mr. Armstrong’s 20% stake worth up to $20 billion. That would put the 38-year-old chief executive among the 100 wealthiest people in the world, based on Forbes’ most recent billionaires list.

Preet Bharara knew about FBI leaks two years before his office denied them. No one has been punished Preet Bharara is often mentioned as a possible U.S. attorney general in a Joe Biden administration after building a reputation as a hard-charging federal prosecutor and self-proclaimed ethicist teaching law school and dispensing morality on Twitter. But one of the last cases he handled as the chief federal prosecutor in New York City cuts against the grain of his carefully manicured image, exposing widespread leaking by the FBI — and knowledge of it by the Manhattan U.S. attorney's office — during the...

The chief executive officer (CEO) of a California-based medical device company was indicted by a federal grand jury in connection with an alleged scheme to defraud investors by making false and misleading statements about the purported development of a new COVID-19 test, leading to millions of dollars in investor losses. Keith Berman, 67, the CEO of Decision Diagnostics Inc. (DECN), was charged by indictment, unsealed today, with one count of securities fraud and one count of making false statements. The indictment alleges that, from February through December 2020, Berman engaged in a scheme to defraud investors by falsely claiming DECN...

Mr. President, It's Time to Investigate George Soros for Funding Domestic Terrorism Mr. President, you've taken step one: declaring antifa a domestic terrorist organization. That was a brilliant move. Now it's time for step No. 2: Cut the head off the snake. We've got to aggressively cut off the funding for domestic terrorism. Is Soros guilty? That's way above my pay grade. That's why we need a global investigation. I'm sure there are many other millionaire and billionaire socialists and globalists involved. It's time to make them run for their lives. If found guilty, it will be time to freeze...

As mass protests rage across the United States over the police killing of an unarmed black man, right-wing conspiracy theorists have turned to a predictable bogeyman: George Soros. According to the Anti-Defamation League, a new wave of false claims about the liberal billionaire has surfaced since demonstrations began to oppose systemic racism after George Floyd’s death. “We have definitely seen a very dramatic increase in the number of anti-Soros conspiracy theories,” said Aryeh Tuchman, associate director of the ADL’s Center on Extremism. “It has been very common among right-wing pundits and leaders in the media to ascribe the activity on...

Full Title Nancy Pelosi’s Son Also Board Member of Energy Company, Traveled to Ukraine and Nancy Featured Prominently in Company’s Ad Quid-Pro-Joe and his son Hunter are not the only Democrat family members cashing in on their prominent positions. Nancy Pelosi’s son Paul is also on the board of an energy company. Paul Pelosi Jr. also traveled to Ukraine. AND — Better Yet — Speaker Nancy Pelosi even appears in the company’s video ad! According to Patrick Howley at National File Speaker Pelosi’s son Paul Jr. was an executive at Viscoil. Paul Jr. traveled to Ukraine in 2017.

While Hillary Clinton loyal aide Huma Abedin was reportedly sidelined in the final stretch of the 2016 presidential campaign as a result of Abedin’s husband’s child-porn scandal, she was potentially an even greater liability than known. It turns out Anthony Weiner wasn’t the only family member under investigation. In fact, the U.S. Justice Department has been actively prosecuting two other Abedin family members – for conspiracy, wire fraud and securities fraud – and she along with the State Department, where she previously worked for Clinton, are mentioned in the federal case, court records show. Other documents reveal the same allegedly...

—He was known as Crazy Eddie. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. Antar's company was known for its  frenetic television advertising of a seemingly crazed pitchman—before it all collapsed like a house of cards in a multi-million-dollar securities fraud.

The Securities and Exchange Commission (SEC) charged a company cofounded by Paul Pelosi Jr. with fraud on Wednesday after learning that two convicted criminals were running the business. Paul Pelosi Jr., the son of House Minority Leader Nancy Pelosi (D., Calif.), was the president and chief operating officer of Natural Blue Resources Inc., an investment company he cofounded that focuses on “environmentally-friendly” ventures. The SEC charged four individuals with fraud, including former New Mexico Gov. Toney Anaya, and suspended trading in the company’s stock. Pelosi owned over 10 million shares in the company in 2009

Barclays told customers who chose to trade in its dark pool that they would be protected from “predatory traders,” which use their speed advantage to deprive other investors of small profits on every trade. But in fact, customers were not protected at all, and the bank in fact courted predatory high-frequency traders in part by charging them virtually nothing, New York Attorney General Eric Schneiderman alleged. “Barclays grew its dark pool by telling investors they were diving into safe waters,” Schneiderman said. “Barclays’ dark pool was full of predators – there at Barclays’ invitation.” Barclays said in an emailed statement,...

SALT LAKE CITY — Quintin Fullmer Smith, 33, walked down a 3rd District Court hallway Monday, flanked by family members. Minutes earlier, the group huddled outside the courtroom, several of them weeping. Smith has four days to turn himself in to Davis County Jail, where he will serve a term of 180 days on work release for two counts of attempted securities fraud, a class A misdemeanor, and begin paying restitution. His father, Michael Kay Smith, 66, was sentenced to serve one year in the Salt Lake County Jail for two counts of attempted securities fraud, third-degree felonies amended to...

The Securities and Exchange Commission charged the Pennsylvania city of Harrisburg, the state's beleaguered capital, with securities fraud on Monday for allegedly releasing misleading public statements and financial information. Harrisburg, which is under state receivership after its finances became mired by a scheme to upgrade a trash incinerator, agreed to settle the charges without admitting or denying the findings, the SEC said.

In a very surprise move, a longtime lieutenant of Warren Buffett, David Sokol, resigned from his position at Buffett’s Berkshire Hathaway. Sokol had been considered a possible successor for Buffett’s post as CEO of Berkshire Hathaway. Buffett also dropped a bombshell in a letter about Sokol: he said Sokol had purchased shares of Lubrizol, a specialty chemicals company which Berkshire announced it is buying, before Sokol convinced Buffett on the merits of the deal.

An 88-year old commercial real-estate magnate — and Bill Richardson campaign contributor — convicted of embezzling and stock manipulation is among 19 people who received executive clemency this year from New Mexico's outgoing governor. Eddie Gilbert, who in the 1950s was called "the boy wonder of Wall Street," served two prison sentences for crimes committed in New York decades ago. A Richardson spokesman said Wednesday that Richardson's action regarding Gilbert is not an actual pardon...Richardson does not have the power to pardon federal crimes. The governor of New Mexico also doesn't have the power to pardon crimes committed outside the...

One of the actors in the 1970s hit television show "CHiPS" is accused of being part of a stock fraud scheme, authorities said Thursday. Larry Wilcox, who played motorcycle officer Jon Baker, was one of 12 people charged in the scheme, the U.S. Securities and Exchange Commission said.

The Securities and Exchange Commission just charged Wilcox and more than a dozen others with allegedly manipulating the volume and price of penny stocks to illegally generate stock sales. Translation: Wilcox and the others allegedly set up a phony company to generate bogus stock sales. This is not a criminal charge. The SEC is asking for an injunction against Wilcox and some of the others, as well as financial penalties.

Former Treasury Secretary Hank Paulson is the former CEO of Goldman Sachs. He didn't have a problem letting Bear Stearns go down the tubes. He sat and watched while Lehman Brothers went belly-up. It wasn't until the short sellers got around to attacking Goldman Sachs that he decided there was a crisis of potentially catastrophic proportions and that the taxpayers needed to ante up $700 billion to save his old buddies on The Street. We'll let you decide if that was a coincidence.

Note: The following text is a quote: FOR IMMEDIATE RELEASE Friday, February 5, 2010 Resident of India Pleads Guilty in International Online Brokerage “Hack, Pump and Dump” Scheme WASHINGTON - A resident of India pleaded guilty today to conspiracy and aggravated identity theft charges arising from an international fraud scheme to "hack" into online brokerage accounts in the United States and use those accounts to manipulate stock prices, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and U.S. Attorney Deborah K.R. Gilg of the District of Nebraska. Jaisankar Marimuthu, 35, a native of Chennai, India, pleaded guilty...

It seems as if this union has been gambling with the funds that are used for its members services. All Unions invest their funds to get a chance at the portfolio pie, hoping it will do good for its employees. And they claim that their losses are a result of the economic bust of the last few years. But a joint investigation by the FBI and the Indiana Secretary of State have found the regular union corruption reminiscent of the unions under mob control.