Sentences with phrase «first fraud lawsuit»

Another first for Bitcoin, but an ignominious one: The Securities and Exchange Commission has filed its first fraud lawsuit involving the virtual currency, claiming it was used in a Ponzi scheme.

Not exact matches

Kickfurther was transparent in also sharing that they had a couple of fraud instances in their first few months of operation, and in those cases they either refunded users a portion of their contributions or had a lawsuit where the Brand filled a settlement fee which was sent back to the users.

As we first reported last month, Mike Rothenberg, the beleaguered founder of the San Francisco - based venture firm Rothenberg Ventures, has been involved in an ongoing SEC inquiry into possibly deceptive financial practices within his firm that include wire fraud, bank fraud, breach of fiduciary duty and retaliation against a lower - level employee who was fired and allegedly threatened with a lawsuit after bringing these allegations to the SEC.

Because an insurer may have an obligation to at least defend a lawsuit in which excluded claims such as those based on mold or fraud are joined with other covered issues, you should immediately put your professional liability insurance carrier on notice from the date you first become aware of a possible malpractice claim against you.

Following the resolution of the court case, in which First Realty was found to have misrepresented the property's condition but was not convicted of fraud, First Realty filed a lawsuit against Frontier.