Monthly Archives: January 2023
Nonprofit financed by billionaire George Soros quietly donated $140 million to political causes in 2021
(CNBC) A nonprofit financed by billionaire George Soros quietly donated $140 million to advocacy organizations and ballot initiatives in 2021, plus another $60 million to like-minded charities. Soros, who personally donated $170 million during the 2022 midterms to Democratic candidates […]
SEC Charges Former SPAC CFO for Orchestrating $5 Million Fraud Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against Cooper J. Morgenthau, the former CFO of African Gold Acquisition Corp., a SPAC or special purpose acquisition company, for orchestrating a scheme in which he stole more than $5 […]
Apple and Amazon lost a ‘staggering’ $800 billion in market cap in 2022. Here’s what that looks like
(CNBC) Sometimes a little perspective is needed to really drive home the magnitude of a specific statistic. That’s the case with the gigantic losses tallied by Apple and Amazon last year. The two stocks were the biggest losers of market […]
Apple’s market cap falls under $2 trillion as sell-off continues
(CNBC) Apple shares fell more than 3% trading on Tuesday, giving the iPhone maker a market capitalization under $2 trillion for the first time since May. Apple fell $3.74% to a price of $130.20 per share, a 52-week low, giving […]
Sam Bankman-Fried pleads not guilty to federal fraud charges in New York
(CNBC) Sam Bankman-Fried pleaded not guilty in New York federal court Tuesday to eight charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research. The onetime crypto billionaire was indicted on charges of conspiracy […]
Regulators warn U.S. banks on crypto risks including ‘fraud and scams’ after FTX collapse
(CNBC) U.S. banking regulators warned financial institutions on Tuesday that dealing with cryptocurrency exposes them to an array of risks, including scams and fraud. “The events of the past year have been marked by significant volatility and the exposure of […]
Tesla shares tumble more than 12% following deliveries report
(CNBC) Shares of Tesla closed down 12% on Tuesday, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022 that fell shy of analysts’ expectations and the company’s stated goals. Deliveries are the closest […]
SEC Obtains Final Judgment Against Arizona Man for Defrauding Elderly Investors
(Hedgeco.Net) The U.S. District Court for the District of Arizona entered final judgment by default against Conrad Coggeshall in a previously-filed SEC case that alleged Coggeshall fraudulently raised $700,000 from elderly investors. According to the complaint, Coggeshall told investors they […]
FTX founder Sam Bankman-Fried to plead not guilty at scheduled New York City arraignment: reports
(FOXNEWS) The 30-year-old cryptocurrency entrepreneur’s next court appearance is scheduled for Tuesday at the U.S. District Court in Manhattan, where The Wall Street Journal first reported Friday Bankman-Fried will likely appear in person to enter a not guilty plea. To […]
Stock futures fall ahead of the first trading week of the new year
(CNBC) Stock futures fell Monday evening as traders braced themselves for a flurry of economic data and the minutes from the latest Federal Reserve meeting this week to kick off the new year. Futures tied to the Dow Jones Industrial […]
SS&C GlobeOp Forward Redemption Indicator at 4.35% for December
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for December 2022 measured 4.35%, up from 3.39% in November. To read this article:
The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards
(CNBC) 2022 was a rough year for crypto. More than $1.3 trillion was wiped off the value of the market. And bitcoin, the world’s largest digital coin, saw its price slump more than 60%. Investors were caught off guard by […]