Wirecard: the timeline

FT

How the payments group became one of the hottest stocks in Europe while battling persistent allegations of fraud. read more »

Supreme Court Denies Defendants’ Challenge to CFTC’s Enforcement Authority

CFTC

On Monday, June 29, 2020 the U.S. Supreme Court denied a petition for a writ of certiorari by the defendants in the CFTC’s anti-fraud enforcement action against Monex Deposit Company and its affiliated companies and principals. The defendants’ petition challenged the CFTC’s authority to bring enforcement cases against alleged fraud, an argument rejected last year by the U.S. Court of Appeals for the Ninth Circuit. The CFTC enforcement action, filed in 2017, charged the defendants with defrauding thousands of retail customers out of hundreds of millions of dollars, while executing thousands of illegal, off-exchange leveraged commodity transactions. read more »