Bitcoin slumps below $10,000, half its peak, as regulatory fears intensify

Bitcoin skidded below $10,000 on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year. read more »

Indictment And Arrests Of Medical Testing Company Owners In Multi-Million Dollar Medicaid Fraud

Tea Kaganovich And Ramazi Mitiashvili Indicted For Grand Larceny In The First Degree For Stealing From Medicaid By Billing For Fake Medical Tests

NY Attorney General’s Civil Lawsuit Seeks $24 Million Under The State’s False Claims Act

If Convicted Of Top Counts, Defendants Each Face Up To 25 Years In State Prison read more »

Meet Jann Horn, the 22-year-old who discovered the ‘biggest’ CPU security flaw in history

Here’s how a young security researcher discovered the biggest CPU security flaw impacting millions of devices worldwide. read more »

Former Head of Barclays New York Foreign Exchange Operation Indicted for Orchestrating Multimillion-Dollar Front-Running Scheme

The former head of Barclays Capital Inc.’s (Barclays) New York foreign exchange trading operation was charged yesterday in an indictment for his alleged role in a scheme to defraud a client of Barclays through a method commonly referred to as “front-running.”  The charges relate to the manipulation of foreign exchange options in advance of an exceptionally large trade by the Palo Alto, California-based Hewlett-Packard Company.

According to the indictment, in September and October 2011, Bogucki misused information provided to him by HP, which had hired Barclays to execute a foreign exchange transaction related to the planned acquisition of a UK-based company.  Barclays was selected to execute the foreign exchange transaction – which required the sale of 6 billion British pounds worth of options – in September 2011.  The defendant and other Barclays employees assured HP and its employees that they understood the need to keep the planned transaction, which was exceptionally large, and therefore “market-moving,” confidential.  Instead, Bogucki and other Barclays employees allegedly used the confidential information they received to manipulate the price of “volatility,” a metric that affects the value of foreign exchange options.  During conversations with Bogucki, one Barclays trader stated that he and other traders would “bash the sh*t out of” and “spank the market” to depress the price of volatility.  Other Barclays traders also discussed “hammer[ing] the market lower” in order to decrease the value of the HP’s options. read more »