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Mar 11, 2014

Federal prosecutors open criminal probe of GM recall: source

NEW YORK/WASHINGTON/DETROIT (Reuters) – Federal prosecutors are examining whether General Motors is criminally liable for failing to properly disclose problems with some of its vehicles that were linked to 13 deaths and led to a recall last month, according to a source familiar with the investigation.

The New York-based probe is in its early stages, and the source did not elaborate on the legal theory behind the potential criminal liability.

Mar 11, 2014

Federal prosecutors in New York open criminal probe of GM -source

NEW YORK/WASHINGTON/DETROIT, March 11 (Reuters) – Federal
prosecutors in New York are examining whether General Motors
is criminally liable for failing to properly disclose
problems with some of its vehicles that were linked to 13 deaths
and led to a recall last month, according to a source familiar
with the investigation.

The probe is in its early stages, and the source did not
elaborate on the legal theory behind the potential criminal
liability.

Mar 7, 2014

U.S. investigates two French banks for sanctions violations: source

NEW YORK (Reuters) – U.S. authorities are investigating whether two French banks violated anti-money laundering rules and economic embargoes on countries like Iran, according to a person familiar with the investigation.

Regulators in New York and Washington are looking at potential violations by Credit Agricole and Societe Generale of U.S. economic sanctions imposed against the countries, the source said.

Feb 28, 2014

Mt. Gox sued in United States over bitcoin losses

Feb 28 (Reuters) – Mt. Gox, once the world’s largest bitcoin
exchange, has been sued by a customer in what may be the first
of many U.S. lawsuits seeking to recoup millions of dollars of
losses linked to a hacking attack that led to the exchange’s
bankruptcy.

In a complaint filed on Thursday in U.S. District Court in
Chicago, plaintiff Gregory Greene said Mt. Gox and its chief
executive, Mark Karpeles, were negligent and committed fraud for
having failed to protect the Tokyo-based exchange from theft.

Feb 28, 2014

Mt. Gox: a quick rise and even faster fall

By Brett Wolf and Emily Flitter

(Reuters) – The collapse of Mt. Gox might appear sudden, but bitcoin insiders say its downfall began nearly a year ago as the virtual currency exchange tangled with regulators, split from former business partners and grappled with cyber attacks.

Mt. Gox’s fall lays bare the difficulties the bitcoin community faces as it tries to square its freewheeling, libertarian ideals with the rigorous regulation required in financial services and customers’ needs for reliable service.

Feb 27, 2014

US attorney subpoenaed Mt Gox, other bitcoin businesses-source

NEW YORK, Feb 26 (Reuters) – Manhattan U.S. Attorney Preet
Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges,
and businesses that deal in bitcoin to seek information on how
they handled recent cyber attacks, a source familiar with the
probe said on Wednesday.

In the attacks – known as distributed denial of service
attacks – hackers overwhelmed bitcoin exchanges by sending
thousands of phantom transactions. At least three exchanges were
forced to halt withdrawals of bitcoins on Feb. 7, including Mt.
Gox, which was the largest at the time.

Feb 27, 2014

U.S. Attorney subpoenaed Mt. Gox, other bitcoin businesses: source

NEW YORK (Reuters) – Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday.

In the attacks – known as distributed denial of service attacks – hackers overwhelmed bitcoin exchanges by sending thousands of phantom transactions. At least three exchanges were forced to halt withdrawals of bitcoins on February 7, including Mt. Gox, which was the largest at the time.

Feb 26, 2014

U.S. prosecutors investigating bitcoin businesses: source

NEW YORK (Reuters) – The Manhattan U.S. Attorney has sent subpoenas to numerous companies that do business with Mt. Gox and other bitcoin exchanges to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday.

The office of Preet Bharara subpoenaed Mt. Gox and other businesses to get a better understanding of the nature of the cyber attacks and how the exchanges dealt with them. A spokesman for Bharara declined to comment.

Feb 26, 2014

SEC’s newest enforcement weapon: powerful software

NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is beefing up its capacity to detect insider trading and other illegal activity by engaging with Palantir Technologies, a software company originally set up to help foil terrorists, according to people familiar with the matter.

The SEC has embarked on a multi-year deal, worth more than $13 million, to use Palantir to help the agency crunch massive amounts of data, the sources said.

Feb 21, 2014

Former Evercore director charged with insider trading

NEW YORK, Feb 21 (Reuters) – A former senior managing
director at Evercore Group was charged on Friday with
securities fraud and other violations for setting up trades in
accounts held by an ex-girlfriend and a close relative based on
secret information he collected at work, according to a court
filing.

Frank Perkins Hixon Jr., 55, was arrested on Friday morning,
according to a Federal Bureau of Investigation spokesman. He was
charged with five counts of securities fraud, two counts of
securities fraud in connection with a tender offer and one count
of making a false statement.

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