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Insider trading charges filed over Long Island Iced Tea's blockchain 'pivot'


AFP via Getty Images
Saul Loeb/AFP/Getty Images
The Securities and Exchange Commission charged three people Friday with insider trading in advance of the announcement that sent Long Island Iced Tea Corp. s here stock price to the moon. The headquarters of the US Securities and Exchange Commission (SEC) is shown in Washington
By Matt Egan, CNN Business
As the bitcoin craze took off in 2017, a Long Island iced tea company sent its share price spiking as much as 380% merely by announcing a “pivot” to blockchain technology. Long Island Iced Tea Corp. even changed its name to Long Blockchain Corp. ....

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Former Hanover Finance co-owner charged with insider trading in US


Former Hanover Finance co-owner charged with insider trading in US
Eric Watson has been charged with insider trading. (Photo / NZH)
Former Hanover Finance co-owner charged with insider trading in US
Sat, 10 Jul 2021, 2:30PM
Eric Watson has been charged with insider trading in the US after shares were traded in a drinks company before it switched to blockchain technology, sending its share price soaring.
Watson, a former convict and New Zealand rich-lister, drove - despite being an undisclosed control person of the company - the change of Long Island Ice Tea Corp s rebranding to Long Blockchain Corp, according to a United States Securities and Exchange Commission statement reported by Bloomberg News. ....

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