• Latest
The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution

Longfin CEO Reaches $400,000 Settlement With SEC Over Fraud Charges

January 3, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Longfin CEO Reaches $400,000 Settlement With SEC Over Fraud Charges

coinnewsdaily by coinnewsdaily
January 3, 2020
in Tech
0
The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

The U.S. Securities and Exchange Commission (SEC) has reached a settlement with fintech firm Longfin’s CEO, Venkata S. Meenavalli, on charges of fraud.

According to an SEC press release Friday, Meenavalli has agreed to pay $400,000 in both disgorgement and penalties related to a 2017 Regulation A+ offering the SEC deemed fraudulent. Longfin delisted from the Nasdaq in May 2018 and shut down the following November.

As CoinDesk reported in October 2019, the SEC alleged Longfin lied to potential investors relating to its public offering and Nasdaq listing, concluding with a $3.5 million disgorgement and $3.2 million fine. 

The SEC complaint against Longfin, which was later upheld by the Southern District Court of New York in an October 2019 indictment, centered around Longfin’s claim to be “managed and operated” in the United States and “sham” commodities transactions representing some 90 percent of the firm’s 2017 reported revenue.

“As alleged in our complaint, Meenavalli abused the Reg. A+ process to conduct a fraudulent offering, list Longfin on Nasdaq, and entice investors with falsified revenue,” SEC officer Anita B. Bandy said in Friday’s release.

If approved by the overseeing court, Meenavalli will disgorge $159,000 – equivalent to his executive salary at Longfin – plus a civil penalty of $232,000 with interest, according to the release. A criminal action against Meenavalli by the U.S. Attorney’s Office for the District of New Jersey remains open.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Tags: Crypto Tech
Share76Tweet48
Previous Post

Compared to Gaming and Gambling Dapps, DeFi Is Still Behind

Next Post

Ripple’s Senior Software Developer Leaves the Company After 6.5 Years.

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
XRP Price Analysis. Breaks Resistance, Gains 7% Latest Ripple (XRP) News & Price Analysis

Ripple's Senior Software Developer Leaves the Company After 6.5 Years.

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$27,693.00-0.03%
  • ethereumEthereum(ETH)$1,760.35-0.19%
  • tetherTether(USDT)$1.010.06%
  • binancecoinBNB(BNB)$325.940.32%
  • rippleXRP(XRP)$0.4530000.56%
  • cardanoCardano(ADA)$0.358713-1.71%
  • dogecoinDogecoin(DOGE)$0.075145-0.60%
  • matic-networkPolygon(MATIC)$1.09-2.21%
  • solanaSolana(SOL)$20.83-0.03%
  • polkadotPolkadot(DOT)$6.01-1.18%
  • litecoinLitecoin(LTC)$94.081.17%
  • shiba-inuShiba Inu(SHIB)$0.000011-0.73%
  • tronTRON(TRX)$0.064076-0.68%
  • daiDai(DAI)$1.000.05%
  • chainlinkChainlink(LINK)$7.18-1.02%
  • cosmosCosmos Hub(ATOM)$11.25-0.27%
  • leo-tokenLEO Token(LEO)$3.41-1.36%
  • moneroMonero(XMR)$165.921.83%
  • ethereum-classicEthereum Classic(ETC)$20.25-1.48%
  • okbOKB(OKB)$41.60-1.56%
  • stellarStellar(XLM)$0.0923201.30%
  • bitcoin-cashBitcoin Cash(BCH)$125.65-0.45%
  • filecoinFilecoin(FIL)$5.53-1.10%
  • crypto-com-chainCronos(CRO)$0.0693440.45%
  • vechainVeChain(VET)$0.023021-0.79%
  • algorandAlgorand(ALGO)$0.210333-0.94%
  • internet-computerInternet Computer(ICP)$4.95-0.19%
  • eosEOS(EOS)$1.14-3.12%
  • elrond-erd-2MultiversX(EGLD)$42.66-0.13%
  • tezosTezos(XTZ)$1.13-0.29%
  • aaveAave(AAVE)$71.89-1.76%
  • theta-tokenTheta Network(THETA)$1.01-0.63%
  • neoNEO(NEO)$12.09-0.58%
  • paxos-standardPax Dollar(USDP)$1.010.05%
  • havvenSynthetix Network(SNX)$2.44-3.34%
  • bitcoin-cash-svBitcoin SV(BSV)$36.660.30%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.73-0.07%
  • dashDash(DASH)$59.11-3.57%
  • makerMaker(MKR)$671.54-0.74%
  • huobi-tokenHuobi(HT)$3.670.40%
  • iotaIOTA(MIOTA)$0.209418-1.15%
  • zilliqaZilliqa(ZIL)$0.027298-0.46%
  • zcashZcash(ZEC)$35.92-0.32%
  • basic-attention-tokenBasic Attention(BAT)$0.241861-0.86%
  • nemNEM(XEM)$0.039079-1.39%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.10-1.73%
  • kusamaKusama(KSM)$33.25-1.06%
  • compound-governance-tokenCompound(COMP)$42.771.20%
  • bitcoin-goldBitcoin Gold(BTG)$16.43-1.50%
  • yearn-financeyearn.finance(YFI)$8,381.530.56%
  • omisegoOMG Network(OMG)$1.82-6.48%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.240157-0.05%
  • wavesWaves(WAVES)$2.160.73%
  • sushiSushi(SUSHI)$1.040.55%
  • ontologyOntology(ONT)$0.226018-0.17%
  • digibyteDigiByte(DGB)$0.0096200.92%
  • umaUMA(UMA)$2.030.15%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%