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Ripple and SEC Joint Letter Indicates Sides Far Apart in Settlement Talks | Michael Volkov

To embed, copy and paste the code into your website or blog: Matt Stankiewicz, Managing Counsel at The Volkov Law Group, joins us for continued updates regarding the SEC enforcement action against Ripple.  On Monday, Ripple Labs, Inc.; Brad Garlinghouse, CEO; Christian Larsen, board chairman; and the U.S. Securities and Exchange Commission (“SEC”) filed a joint letter with Judge Analisa Torres in the Southern District of New York.  While this letter is a general pre-trial filing to keep t...
New York United States Christian Larsen Brad Garlinghouse Analisa Torres Matt Stankiewicz

Acceptance of Cryptocurrency Magnifies Legal Securities Risks

Tuesday, February 16, 2021 In recent days, several major companies have moved toward implementing cryptocurrency transactions in their business.  Tesla stated in its recent Annual Report that it had “invested an aggregate $1.50 billion in bitcoin” and expected to “begin accepting bitcoin as a form of payment for [its] products in the near future.” [i]  Mastercard announced that it would “start supporting select cryptocurrencies directly on [its] network” in 2021. [ii]  ...
Christopher Giancarlo Ryan Browne Hester Peirce Jay Clayton Kik Interactive Inc Telegram Group Inc

Lubbock Man Sentenced to 20 Years for Possession of Child Porn

Lubbock Man Sentenced to 20 Years for Possession of Child Porn Enter your number to get our free mobile app On Thursday, January 28th, 23-year-old Elyas Anthony Rocha was sentenced to 20 years in federal prison for possession of child pornography involving a prepubescent minor. Rocha pleaded guilty to the charge back on September 14th, 2020. KAMC News reports that Kik Interactive tipped off law enforcement concerning the suspected child pornography. That lead ended with Police talking with Ro...
Elyas Anthony Rocha Elyas Rocha Lubbock County Sheriff Office Lubbock County Sheriff Kik Interactive Lubbock Businesses That Have Closed Over

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SEC files lawsuit alleging Ripple's XRP cryptocurrency is an unregistered security

SHARE The U.S. Securities and Exchange Commission today filed a lawsuit against Ripple Labs Inc. and two of its executives claiming that the company, which offers the XRP cryptocurrency, illegally sold unregistered securities. The complaint alleges that Ripple, along with Christian Larson, the company’s co-founder and executive chairman of its board and former chief executive officer, and Bradley Garlinghouse, the company’s current CEO, raised capital to finance the company’s business beg...
Stephanie Avakian Bradley Garlinghouse Marco Verch Flickr Jay Clayton Christian Larson Kik Interactive Inc

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