- 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.
Three months after a U.S. district judge declared Google to be running a monopoly, the Department of Justice recommended the tech giant be forced to sell off its popular Chrome browser as part of an effort to resolve antitrust concerns and reshape the power of tech’s biggest companies.
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
