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‘Death-Spiral Financing’ Leads to SEC Fraud Charges Against Penny-Stock Operator

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In a tale that roughly recalls the 2013 Martin Scorsese film “ The Wolf of Wall Street ,” the U.S. Securities and Exchange Commission has sued financier Joshua Sason for fraud. The complaint also targets three other people involved in the alleged fraud, which the SEC said took place in 2012 and 2013.

Fraud 122
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Bitcoin Daily: Ripple Expands In Europe; Morningstar Makes Blockchain Plans For Debt Securities

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He is accused of setting up and operating Darkode, a black marketplace that operated between 2008 and 2013, as well as creating and deploying Mariposa, one of the largest botnets. And Samsung-backed Blocko is now in the UAE after it secured funding in Asia Pacific and Europe.

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Android Security Flaw Exposes 1.4B Devices

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A flaw that was previously discovered in the Android operating system’s Linux kernel is now believed to impact four in five devices, an estimated 1.4 According to Hacked , not only can attackers utilize the security flaw to obtain unencrypted traffic but also destroy encrypted traffic. “We was released in 2013.

Security 100
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Coinbase Faces Class-Action Suit Over Sales Of Ripple's XRP

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Securities and Exchange Commission filed a lawsuit against Ripple Labs and some of its executives, alleging the company illegally skirted laws by classifying its XRP cryptocurrency as a commodity rather than a security, a Missouri man has sued Coinbase over its role selling XRP. A week after the U.S. 22 against Ripple Labs.

Missouri 160
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Neiman Marcus Agrees To Pay $1.5M To Settle Payment Card Breach

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8) that his office, as well as 42 other state attorney generals, have settled with Neiman Marcus over a 2013 breach of customer payment card data at 77 of the retailer’s stores. million settlement, the department store operator has agreed to take steps to prevent another breach from happening in the future.

Maryland 158
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SEC’s Ripple Suit Shows Bumpy Road In Defining Crypto

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News came this week that the United States Securities and Exchange Commission has filed suit against Ripple over its XRP cryptocurrency. billion unregistered securities offering, and named CEO Brad Garlinghouse and Co-Founder Chris Larsen in the suit. billion to fund Ripple’s operations and enrich Larsen and Garlinghouse.”

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Hackers Hit Cybersecurity Insurance Co Chubb

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The company said it was looking into a “security incident” that involved unauthorized access with a third-party company. Jeffrey Zack, a spokesperson for the company, said there was “no evidence” that the breach had hit the company’s own network, adding that it was “fully operational.” Zack did not say anything beyond that.

Security 171