ALBANY, N.Y. — United States Attorney Carla B. Freedman and New York State Attorney General Letitia James announced that nearly $6.3 million in restitution has been collected and distributed to the victims of Richard J. Sherwood and Thomas K. Lagan, who were sentenced to both federal and state prison for stealing approximately $11.8 million from […]
Described as the "Wild West" by SEC Chairman Gary Gensler, the meteoric rise of digital assets like cryptocurrencies has disrupted the traditional financial ecosystem. The wave of.
SAN DIEGO – The United States took action in federal court today to protect and ultimately return more than $154 million in funds that were allegedly stolen from a subsidiary of Tokyo-based Sony Group Corporation and then seized by law enforcement during the FBI’s investigation of the theft. The United States filed a civil forfeiture complaint in the Southern District of California to protect Sony’s interest in the property, which an employee allegedly embezzled in May 2021 and converted to more than 3,879 Bitcoins valued today at more than $180 million. Those funds were seized by law enforcement on December2021 United States Files Civil Action to Return $150 Million to Sony; FBI Tracks Money to Bitcoin ► The FINANCIAL America
As a strong signal that it intends to increase its focus on illicit crypto transactions, the Department of Justice (“DOJ”) announced the creation of an enforcement team, the National.
Outlook for This Week in the Nation’s Capital - Congress. The Senate is in recess this week, while the House has committee work and will vote on the Senate-passed debt limit measure.