The victims of a debt relief scam will soon be receiving checks from the Federal Trade Commission (FTC). According to a press release, FTC is mailing 561 checks totaling more than $148,000 to people who lost money to Payday Support Center. The recipients will receive an...
In recent years, the SEC has come under fire by some who have questioned the constitutionality of its in-house trials. Yesterday (Feb. 16), a U.S. appeals court said that it would rehear a challenge concerning the Securities and Exchange Commission’s use of in-house judges, said...
Listeners of Howard Stern’s show know how the infamous talk show host loves to take phone calls from his loyal fan base. But one call has led to a lawsuit after a woman’s personal tax information and phone number were revealed on the air. Forbes...
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...
