- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2023-02-07T20:13:00
A former Coinbase product manager pleaded guilty to two counts of wire fraud conspiracy in the first cryptocurrency insider trading case.
Ishan Wahi was accused by the Department of Justice (DOJ) of working with his brother and a third coconspirator to profit from the purchase and sale of cryptocurrencies before they were listed on Coinbase’s exchange. The DOJ announced Wahi’s guilty plea Tuesday.
Wahi, who was charged in July by the DOJ and the Securities and Exchange Commission (SEC), faces up to 40 years in prison. He is scheduled to be sentenced in U.S. District Court for the Southern District of New York on May 10.
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Former Coinbase product manager Ishan Wahi was sentenced to two years in federal prison for his role in a crypto insider trading scheme.
Coinbase said it was served a Wells Notice by the Securities and Exchange Commission for potential violations of securities law regarding multiple of its cryptocurrency products.
The brother of a former Coinbase employee has been sentenced to 10 months in prison for his role in a groundbreaking insider trading scheme involving cryptocurrency.
USAA Federal Savings Bank has been hit with its third cease and desist order from the Treasury Department’s Office of the Comptroller of the Currency in the past five years for failing to correct unsafe and unsound banking practices.
Becton Dickinson medical device company will pay $175 million for “repeatedly” misleading investors about its Alaris infusion pump, a product the company knew was flawed and was sold without the required patient-safety approvals, the Securities and Exchange Commission said.
The Securities and Exchange Commission charged bankrupt fashion retailer Express with failing to disclose nearly $1 million in perks to a former chief executive, but did not levy a financial penalty thanks to its cooperation, the SEC said.
