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News
SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme
3+ day, 23+ hour ago (369+ words) The Securities and Exchange Commission today charged Ernest Ossei Boateng and two New Jersey-based companies he controls, Intercontinental Wealth Network LLC and I Wealth Network LP, for allegedly raising approximately $16 million from more than 200… Official websites use.gov Secure.gov…...
Jackson Hole analyst roundup: Warsh's speech sends hike chances higher, may put Fed `at odds' with Treasury
2+ week, 13+ hour ago (470+ words) Federal Reserve Chair Kevin Warsh's stance in his speech at the Jackson Hole meeting was unexpectedly hawkish, boosting market expectations for a rate hike next month. Gold fell and Asian stocks declined on Monday. Traders of fed funds futures see…...
U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court
2+ week, 2+ day ago (354+ words) The Ninth Circuit Court of Appeals rejected prediction markets platforms' requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a derivative regulated by the federal government. The court rejected appeals by Kalshi…...
September Fed decision is now a coin flip as rate hike odds increase post Warsh
2+ week, 3+ day ago (329+ words) Kevin Warsh's keynote speech at the central bank's annual symposium in Jackson Hole, Wyo. has altered investors' outlook for an interest rate hike in September after the Fed chairman said he was committed to fighting inflation. Traders on prediction market…...
Tax Fraud Blotter: Get your stolen checks here
2+ week, 3+ day ago (1100+ words) Philadelphia: Alexander Telewoda, 26, of Clifton Heights, Pennsylvania, was sentenced to 78 months in prison, three years of supervised release, restitution of $10,841,731.83 and forfeiture of $162,144.50 for conspiring with three others to steal and sell thousands of U.S. Treasury checks. The defendant was charged…...