Spoofing

WASHINGTON POST

It’s a new crime but it isn’t new. It has a silly name but it’s no joke. Spoofing, a way to manipulate financial markets for illegitimate profit, is blamed for undermining the integrity of trading and contributing to the scariest crash since the financial crisis. Spoofers trick other investors into buying or selling by entering their own buy or sell orders with no intention of filling them. That creates fake demand that pushes prices up or down. Long considered disreputable but rarely dangerous, spoofing has emerged in an era of computerized trading as a threat to market legitimacy. Regulators, lawmakers and market authorities are struggling to define and control it. read more »

2019 was a phenomenal year for cryptocurrency (scams)

MASHABLE

2019 was one hell of a year for cryptocurrency. Or, more specifically, cryptocurrency scams. That's according to Chainalysis, a respected blockchain analysis company that works with law enforcement and the Department of Justice to monitor and track cryptocurrency transactions tied to criminal activity. read more »

Airbus faces record $4 billion fine after bribery probe

REUTERS

Airbus faces a record $4 billion fine and lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales. read more »

Grappling with 737 Max crisis, Boeing lost $636 million in 2019

CHICAGO TRIBUNE

Boeing, an icon in American manufacturing, suffered its first annual financial loss in more than two decades as the costs related to its marquee 737 Max aircraft doubled to more than $18 billion after a pair of deadly crashes.

Its 2020 State of Crypto Crime report, released today, goes into great detail on the types and scale of scams infecting the broader digital currency space. And, shocker, it's a lot. Specifically, 2019 was a banner year for those looking to commit some crime with the help of their old pseudonymous friend Bitcoin. read more »

Tokyo prosecutors get arrest warrant for Ghosn, alleged American accomplices

AUTOMOTIVE NEWS

Tokyo prosecutors have a new arrest warrant out for Carlos Ghosn, this time for jumping bail and leaving the country illegally, exacerbating the fallen auto titan's legal woes. read more »