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...
UBS to Pay $25 Million to Settle Fraud Charges
Washington D.C. — The Securities and Exchange Commission has announced that UBS Financial Services Inc. has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as YES, or Yield Enhancement Strategy.
According to the SEC’s order, UBS marketed and sold YES to approximately 600 investors through its platform of domestic financial...
Empires Consulting Corp. hit with fraud charges over fake trading scheme
As scheme collapsed, defendants stopped investor withdrawals and relocated to Brazil
Washington D.C. — The Securities and Exchange Commission has announced fraud charges against Empires Consulting Corp. (EmpiresX), its founders Emerson Sousa Pires and Flavio Mendes Goncalves, and its head trader Joshua David Nicholas, for a scheme that allegedly raised at least $40 million by luring investors with false claims...
SEC Obtains Emergency Relief to Halt Pre-IPO Stock Fraud Scheme by Unregistered Broker-Dealer
Defendants, including persons barred from the brokerage industry, allegedly sold shares they didn’t own, and pocketed more than $75 million
Washington D.C. — The Securities and Exchange Commission announced this week that it obtained asset freezes and other emergency relief against StraightPath Venture Partners LLC, StraightPath Management LLC, Brian K. Martinsen, Michael A. Castillero, Francine A. Lanaia, and Eric D....
Uber and Lyft’s Business to shut down in California
Uber and Lyft will shut down their ridesharing services in California on August 20th.
Drivers of Uber and Lyft are used as pawns by ridesharing company in an attempt to operate in California. Uber and Lyft should have been more proactive all along.
Both Uber and Lyft have decided to make this a messy divorce and seem like parents who have...
DoorDash Seeking Up to $2.8 Billion in IPO at Potential $32 Billion Valuation
DoorDash In search of As much as $2.8 Billion in IPO at Potential $32 Billion Valuation
DoorDash Inc mentioned on Monday it's aiming to boost as much as $2.8 billion in an preliminary public providing (IPO), which might double the worth of the U.S. meals supply startup and be one among 2020’s largest public market debuts.
DoorDash, the most important U.S....
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...
The exposé Hadari Oshri and her attorney tried to stop wins LA Press Club award
AN IMPORTANT NOTE: On June 22, 2021, Hadari Oshri –Marc Lubaszka’s business partner– filed a civil harassment restraining order (CHRO) against Investor News reporter Aitana Vargas to stop the publication of her investigative series “A Special Report: The Harrowing Impunity of White-Collar crime,” and any subsequent installments or future media coverage. On August 3, 2021, Vargas filed an anti-SLAPP...