Tax Fraud Blotter: Secret ways
Pearl jam; that's a whole lot of shingles; rocking their world; and other highlights of recent tax cases.
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Pearl jam; that's a whole lot of shingles; rocking their world; and other highlights of recent tax cases.
Amir “Bruno Block” Elmaani, the 31-year-old Founder of the Oyster Protocol that powers Pearl (PRL) tokens, has pleaded guilty to allegations of tax evasion to…
Weekly Focus: Digital Asset ‘Stacks’ Plans 2.0 Launch as Non-Security Secretary Mnuchin Emphasizes G7 Coordination on Digital Currencies CFTC and SEC Leaders to Step Down DOJ Indicts ICO Promoter for Tax Fraud, SEC Files Civil Suit France Strengthens Anti-Money Laundering (AML) Requirements for Digital Asset Companies Thailand Plans to Incorporate Blockchain into Tax Revenue Collection Systems U.S. Developments Members of Congress Request SEC Clarity On Digital Securities Custody On December 9, a bipartisan group of representatives penned a letter to SEC Chairman Jay Clayton regarding the...
This Week In Securities Litigation (Week of December 14, 2020) The exit continues at the Commission. This week Director of Enforcement Stephanie Avakian announced her departure from the agency at the end of the year. She has been preceded by the Director of Corporation Finance and the General Counsel. The Chairman previously announced his departure at year end. Last week Enforcement filed a series of cases. Two were based on false statements tied to financial issues, one against GE and another involving CheeseCake Factory. The agency also brought two offering fraud actions, a case involving d...
SEC Charges Amir Bruno Elmaani, aka Bruno Block, for Unregistered ICO in Sale of Pearl Tokens The Securities and Exchange Commission (SEC) has charged Amir Bruno Elmaani, aka “Bruno Block,” for conducting an illegal securities offering in an initial coin offering (ICO) and for a plan to profit by issuing millions of unauthorized tokens for himself at no cost and selling them into the secondary market. In the complaint, the SEC alleges that in 2017 Elmaani sold “Pearl tokens” that was actually an unregistered security. His venture was called “Oyster” and apparently raised $1.3 mi...