Uber’s IPO 6 Reasons Its Numbers Don’t Add Up
Uber’s IPO : This Unicorn Story a Myth
The most anticipated IPO in many years is set for this month, but is the Uber unicorn a real fairy tale. The price for the UBER ticker symbol is set between $44 to $50 for its public debut on May 10th.
1. Lyft IPO should be a warning.
Lyft, the rideshare company and Ubers...
False social media statements get former Alfi CEO in trouble
Washington D.C. — The Securities and Exchange Commission today charged Paul A. Pereira, the former CEO and co-founder of Alfi, Inc., with making materially false and misleading statements on social media about the company’s financial and performance metrics in an attempt to boost the now defunct company’s stock price.
According to the SEC's complaint, while serving as the CEO of...
Aitana Vargas’s exposé on Hadari Oshri nominated for journalism award
Oshri tried to stop the release of Vargas's series exposing her alleged participation in a $370M PPE scheme
In June 2021, Investor News reporter Aitana Vargas was served with court papers to stop the release of her months-long investigative series exposing entrepreneur Hadari Oshri's participation in an alleged multimillion-dollar PPE scam with conman Marc Lubaszka.
In September 2021, Oshri's meritless legal...
Bumble Raises $2.15 Billion in IPO
Bumble Raises $2.15 Billion in IPO at $7 Billion Post-Money Valuation
Bumble Inc, a dating app operator backed by buyout firm Blackstone Group Inc, sold shares in its initial public offering (IPO) on Wednesday at $43 apiece above its target range, to raise $2.2 billion.
The IPO gave the Austin, Texas-based company a market capitalization of more than $7 billion. Bumble...
Tampa-based health insurance distributor and its former CEO accused of investment & consumer misrepresentation
Washington D.C. — The Securities and Exchange Commission this week announced charges against Health Insurance Innovations (HII) and its former CEO Gavin Southwell for concealing extensive consumer complaints about short-term and limited health insurance products HII offered. HII has since changed its name to Benefytt Technologies and become a private company.
According to the SEC’s order, from March 2017 through...
10 Reasons why STO (Security Token Offering) Will Become Huge Investment vehicle
10 Reasons why STO (Security Token Offering) Will Become Huge Investment vehicle
In 2017 the world learned about initial coin offerings (ICO) as the start-ups began raising capital in a new and innovative way. In 2017 and 2018 more than $14 billion as invested through ICOs in Blockchain companies as investors were eager to cash in on the crypto craze....
SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme
Alleged Fraudulent Blockchain Scheme Spanned Multiple Countries Including U.S., Russia
The Securities and Exchange Commission today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of retail investors worldwide, including in the United States. Those charged include the four founders of Forsage, who...
El último baile: Detrás de la tragedia de Monterey Park
Los Ángeles (CA) – Con una decena de disparos, Huu Can Tran, de 72 años, convirtió la localidad californiana de Monterey Park en el escenario del tiroteo masivo de mayor alcance de la historia del condado de Los Ángeles. La fatídica fecha, el 21 de enero de este año, acababa con más de una decena de muertos y otra...
FBI crime report released: Victims lost $6.9b to internet-enabled scams in 2021
The FBI’s Internet Crime Complaint Center (IC3) has released its annual report.
The 2021 Internet Crime Report (pdf) includes information from 847,376 complaints of suspected internet crime—a 7% increase from 2020—and reported losses exceeding $6.9 billion. State-specific statistics have also been released and can be found within the 2021 Internet Crime Report and in the accompanying 2021 State Reports.
The top three cyber crimes reported by...