On July 21, 2022, the Department of Justice announced charges against a former Coinbase employee in connection with the first ever cryptocurrency insider trading tipping scheme. According to the DOJ, the employee, his brother, and a friend were part of “a scheme to...
securities fraud
Securities & Exchange Commission v. Ripple Labs Inc.: The Case That May Decide the Fate of Cryptocurrency
Introduction Between Reddit’s populist uprising (and eventual win) against Wall Street execs, Spike Lee’s starring role in a Coin Cloud commercial, and Dogecoin co-founder’s announcement that crypto is a scam, cryptocurrency is a hot topic. Among the many...
What Does the Ninth Circuit’s Holding in Miller Mean for Wire Fraud Prosecutions?
On March 20, 2020, the Ninth Circuit ruled in United States v. Miller, 2020 WL 1317275 (9th Cir.) that wire fraud requires the intent to deceive and to cheat, i.e., to deprive a victim of money or property by means of deception, overruling United States v....