City Hoboken, state New Jersey Financial News
15.05 / 20:54
Provident
BAY
innovations
Walmart lays off hundreds of employees and requires others to relocate
Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant's campus offices and said it will be requiring most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to office hubs in Bentonvill...
05.02 / 21:53
16.08 / 11:19
UPS
Action
Strategy
New Jersey $270M team sets up new wealth firm with LPL
A financial advisor and two of his former interns have established a new independent practice in New Jersey.
05.08 / 08:55
Digital
Bankrupt crypto
Founder of bankrupt crypto lender Celsius must face NY fraud lawsuit
Alex Mashinsky, the founder and former chief of the now-bankrupt cryptocurrency lender Celsius Network, must face a lawsuit by New York Attorney General Letitia James accusing him of civil fraud, a Manhattan state court judge ruled on Friday. Justice Margaret Chan said the attorney general sufficiently alleged that Mashinsky defrauded investors by touting Celsius as a safe alternative to banks and concealing its risks, including hundreds of millions of dollars of investment losses. Chan also said James could pursue some claims under the Martin Act, a powerful state securities law, and that the «earned interest accounts» that Celsius offered customers qualified as securities under state law.
13.07 / 15:47
Provident
Digital
SEC
CEO
Platform
Racing
Arrow
network
Founder of crypto lender Celsius Network Alex Mashinsky arrested, charged with fraud
Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a US prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, was charged with seven criminal counts — including securities fraud, commodities fraud and wire fraud — while Celsius' former chief revenue officer, Roni Cohen-Pavon, was charged with four criminal counts, according to the indictment, which was unsealed on Thursday.
28.09 / 08:57
cryptocurrency
CEO
JPMorgan
Celsius CEO Steps Down Amid Bankruptcy Proceedings
Celsius, based in Hoboken, New Jersey, filed for Chapter 11 bankruptcy on July 13.
19.07 / 15:23
UPS
CEO
Platform
Former employees say issues plagued the crypto company Celsius years ahead of bankruptcy
Problems at Celsius appear to have been simmering for years before the crypto lender filed for bankruptcy.
14.07 / 02:25
Digital
Arrow
Embattled crypto lender Celsius informs state regulators that it’s filing for bankruptcy 'imminently,' source says
Crypto company Celsius is in the process of filing for Chapter 11 bankruptcy, according to a source familiar with those discussions.
09.07 / 10:35
cryptocurrency
crypto news
network
Lawsuit Accuses Crypto Lender Celsius Network Of Ponzi Scheme Fraud
Lawsuit accuses troubled crypto lender Celsius Network of fraud
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