Paxton, a Republican and ally of former U.S. President Donald Trump, was indicted in July 2015 on charges related to stock sales and compensation from the Texas technology firm Servergy. The state will drop the charges in 18 months if Paxton pays restitution to investors and completes community service and legal education, his lawyers said. Paxton will not admit wrongdoing under the deal, they said.
NEW YORK (Reuters) -Terraform Labs and its founder Do Kwon built a "house of cards" and lied to investors about the stability of a cryptocurrency whose collapse rippled through markets in 2022, a lawyer for the U.S. Securities and Exchange Commission told a Manhattan jury as its civil fraud trial began on Monday. The SEC accused Kwon and the Singapore-based blockchain company of misleading investors in 2021 about the stability of TerraUSD, a stablecoin designed to maintain a value of $1. The regulator also accused them of falsely claiming Terraform's blockchain was used in a popular Korean mobile payment app.
The U.S. Securities and Exchange Commission is seeking fines and penalties totalling $2 billion in its case against Ripple Labs over sales of the cryptocurrency XRP, the company s chief legal. -March 25, 2024 at 03:50 pm EDT
- MarketScreener
Terraform Labs Civil Fraud Trial Set to Begin in New York usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Terraform Labs and its founder Do Kwon are set to face trial on Monday in Manhattan on a regulator s claim that they lied to investors before the collapse of two of the company s cryptocurrencies,. -March 25, 2024 at 06:05 am EDT
- MarketScreener