A lawsuit launched from an inquiry into a bitcoin exchange and a breach of data at JPMorgan was expected to kick off on Monday (Feb. 13). According to a report by Reuters, jury selection for the case of Yuri Lebedev, the alleged mastermind of bitcoin exchange...
PayPal Holdings Inc. announced on Wednesday (Feb. 8) that its anti-money laundering program has received subpoenas for information from the U.S. Department of Justice, causing the company’s shares to dip as much as 2.8 percent. According to Law360, the online payment processor received a subpoena from...
Backpage was hit with two lawsuits this week, one in federal court in Arizona and the other in federal court in Florida, over allegations the company facilitated sex trafficking. According to a report, the lawsuits come on the heels of a U.S. Senate inquiry in January...
The IRS has been using a John Doe summons to get access to taxpayers’ bitcoin information and is now using the same tactic to get debit card information. According to a report by Forbes, a federal court in Montana gave the IRS permission to serve Michael...
Swedish biometrics firm Fingerprint Cards, a global market leader in biometric sensor technology for smartphones, announced on Monday (Jan. 23) that the company’s former chief executive officer and a current board member had both been taken into police custody on suspicion of aggravated insider trading....
The U.S. government’s request to a federal appeals court to rethink a ruling that paves the way for American Express to prevent merchants from steering customers to credit cards that have lower fees was struck down Thursday (Jan. 5). According to a report by Reuters, the 2nd...
New developments in the IRS Coinbase summons. In mid-November of this year, the IRS sought access to Coinbase’s user records as part of an investigation into alleged tax violations connected to digital currency. It filed a petition in the District Court for the Northern District of...
The Supreme Court ruled on a bank fraud case earlier in the week that had to do with an online scheme designed to steal funds from bank customers’ accounts. According to a report by Forbes, the Supreme Court decided in the bank fraud case Shaw v. United...
Source: Competition Policy International The U.K.’s Competition Appeal Tribunal (CAT) has denied Mastercard’s bid to appeal its July judgment awarding U.K. grocery chain Sainsbury’s Supermarkets damages of more than £68 million in its suit over the credit card company’s interchange fees. Sainsbury’s won its claim against...
