Spotlight

SAN JOSE – Elizabeth A. Holmes was sentenced today to 135 months (11 years, 3 months) in federal prison for defrauding investors in Theranos, Inc. of hundreds of millions of dollars, announced United States Attorney Stephanie M. Hinds, Federal Bureau of Investigation Special Agent in Charge Robert K. Tripp, Food and Drug Administration (FDA) Assistant Commissioner for Criminal Investigations...

San Diego (CA) – Two defendants charged in a nationwide “grandparent scam” have pleaded guilty to conspiracy charges under the Racketeer Influenced and Corrupt Organizations (RICO) Act. Jack Owuor, 25, of Paramount, California pleaded guilty in federal court today. Timothy Ingram, 29, of North Hollywood, California, pleaded guilty on March 2, 2022. According to court documents, the defendants were members and...

​California Cannabis Powerhouse, Harborside, is Another Public Launch on the Horizon Last month, I mentioned the Pax Labs IPO as probably the biggest moment for the cannabis industry next year. Pax is Juul's cannabis-focused sister and the stock will be in high demand as it technically does not touch the plant as it is more of a "Keurig for cannabis"...

FC Barcelona Cancels Marketing Agreement With NFT Marketplace Ownix But the soccer powerhouse is still scheduled to launch an NFT collection on the Ownix platform next week. FC Barcelona cancelled a marketing deal with non-fungible token (NFT) marketplace Ownix on Thursday. The decision comes less than five days before the soccer powerhouse is scheduled to auction its first NFT collection through...

Wall Street has a new obsession: special purpose acquisition companies (SPACs). SPACs are an alternative to the traditional way businesses raise money known as initial public offerings (IPOs). Since January 1, 2021 SPACs have raised over $88 billion, making up 83 percent of public offerings this year and raising more money than they did in all of 2020. As investment banks and professional investors celebrate this booming...

Why Aurora Cannabis, Aphria, Cronos Group, and Other Marijuana Stocks Crashed Today Traders are bailing out of pot stocks. But should they be? What happened Cannabis stocks plunged on Thursday as traders rushed to take profits in companies that analysts say have seen their share prices rise too far, too fast. Here's how some of the most popular marijuana stocks were performing as...

El Sindicato Nacional de Escritores de EE. UU. (NWU, por sus siglas en inglés) apela al espíritu democrático y al rigor periodístico y hace un llamado urgente para que las cabeceras españolas contrasten la información antes de difundir informaciones sobre cualquier dirigente o fuerza política incluyendo el Presidente español, Pedro Sánchez. Nuestro llamado y apoyo al manifiesto en contra del...

A federal jury convicted a California man yesterday for his role in a scheme to defraud Medicare by billing $2.8 million for hospice services that patients did not need. According to court documents and evidence presented at trial, Dr. John Thropay, 74, of Arcadia, was the medical director of several hospice companies, including Blue Sky Hospice Inc. located in Van...

Reg A+ Investing will become big in 2020 and beyond for public and private companies Before 2015, a business looking to raise money had very limited options. The most common avenues were an initial public offering or raising capital privately. This left only seasoned companies and accredited investors to reap the benefits leaving a pool of investors. The JOBS Act in...

Online dating can be a great way to find lasting love – or even your next fling. But reports to the FTC suggest it also creates opportunities for scammers. In the past five years, people have reported losing a staggering $1.3 billion to romance scams, more than any other FTC fraud category. The numbers have skyrocketed in recent years,...