It’s not just about invoices and BEC. In one recent example, payments fraud reached into the crypto realm – and a publicly listed company. Elsewhere, fraud at a health center in Manitoba received more than a million dollars in questionable payouts.
In an effort to prevent allegedly illegal trading profits from leaving the U.S., the Securities and Exchange Commission (SEC) has obtained a court order to freeze more than $27 million in proceeds from sales of restricted shares of Longfin Corp. involving the company along with...
Longfin, a small startup focused on financial tech, has seen its stock price skyrocket since it started trading last week. According to Fortune, New York-based Longfin started trading on the NASDAQ last week at $5. But after announcing on Friday that it acquired startup Ziddu.com,...
January 05, 2020
Venkata S. Meenavalli, CEO of the cryptocurrency firm Longfin, has agreed to settle with the Securities and Exchange Commission (SEC) and pay $400,000 in disgorgement and penalties, the SEC announced on Friday (Jan. 3). The SEC charged that Longfin and Meenavalli falsified more than 90 percent of Longfin’s reported revenue for 2017 and made up […]
April 06, 2018
In an effort to prevent allegedly illegal trading profits from leaving the U.S., the Securities and Exchange Commission (SEC) has obtained a court order to freeze more than $27 million...
December 19, 2017
Longfin, a small startup focused on financial tech, has seen its stock price skyrocket since it started trading last week. According to Fortune, New York-based Longfin started trading on the...
