Posts Tagged ‘lawsuit’

New York sues U.S. to stop fintech bank charters

New York state’s top banking regulator has sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and put vulnerable consumers at risk. Office of the Comptroller of the Currency spokesman Bryan Hubbard said in an email that the regulator, part of the […]

Judge rules cryptocurrency ICO scam case falls under securities law

A New York judge ruled that the US SEC can proceed with its legal case against the RECoin and DRC ICO organizer Maksim Zaslavskiy, who currently stands accused of defrauding investors. Zaslavskiy tried to have the SEC’s case thrown out by claiming that ICOs can’t be categorized as “securities” but as “currencies,” hence there’s no legal […]

Cryptocurrency investor robbed via his cellphone account sues AT&T for $224 million over loss

A U.S. investor filed a $224 million lawsuit against AT&T, accusing the telecommunications giant of negligence that allegedly caused the California resident to lose roughly $24 million in cryptocurrency. Terpin, who was using AT&T as his service provider, said the digital tokens were stolen through a “digital identity theft” of his cellphone account. Terpin was the […]

US Government to Submit ‘Oversized’ Argument in ICO Fraud Case

U.S. prosecutors are planning an “oversized” response to a motion to dismiss in an ongoing — and potentially precedent-setting — ICO fraud lawsuit. Maksim Zaslavskiy has been accused of committing securities fraud in connection with two ICOs, RECoin and Diamond Reserve Club World. In September of last year, the U.S. Securities and Exchange Commission filed suit, […]