Tag #Securities Fraud

welt.de
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SEC Sues Elon Musk for Delayed Disclosure of Twitter Stock Ownership

The SEC sued Elon Musk for failing to timely disclose his Twitter stock ownership exceeding 5% on March 14, 2022, enabling him to buy more shares at lower prices and allegedly saving over \$150 million, while causing losses to other investors; the case's future is uncertain with the incoming SEC lea...

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48% Bias Score

Reduced Inequality
edition.cnn.com
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Former MoviePass CEO Pleads Guilty to Securities Fraud

Former MoviePass parent company CEO Theodore Farnsworth pleaded guilty to securities fraud and conspiracy, facing up to 25 years in prison for misleading investors about the company's financial health and inflating its stock price between 2017 and 2019.

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44% Bias Score

Reduced Inequality
cnn.com
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Former MoviePass CEO Pleads Guilty to Securities Fraud, Faces 25 Years

Theodore Farnsworth, former CEO of MoviePass' parent company Helios and Matheson Analytics, pleaded guilty to securities fraud and conspiracy, facing up to 25 years in prison for misleading investors about MoviePass's unsustainable business model and falsely claiming the use of artificial intelligen...

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48% Bias Score

Reduced Inequality
theguardian.com
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Supreme Court Hears Meta's Appeal in Securities Fraud Case

The Supreme Court hears Meta's appeal against a securities fraud lawsuit stemming from the Cambridge Analytica data breach, debating the nature of risk disclosures and investor understanding.

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0% Bias Score

theguardian.com
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SEC Sues Elon Musk for Late Disclosure of Twitter Stock Ownership

The SEC sued Elon Musk for failing to promptly disclose his Twitter stock ownership, enabling him to purchase shares at artificially low prices before disclosure, resulting in at least $150 million in losses for other shareholders; Musk's lawyer dismissed it as a minor administrative error.

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48% Bias Score

Reduced Inequality
us.cnn.com
🌐 85% Global Worthiness
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Former MoviePass CEO Pleads Guilty to Securities Fraud

Theodore Farnsworth, former CEO of MoviePass' parent company Helios and Matheson Analytics, pleaded guilty to securities fraud and conspiracy, facing up to 25 years in prison for misleading investors about the sustainability of MoviePass's business model between 2017 and 2019, artificially inflating...

Progress

48% Bias Score

Reduced Inequality
cnbc.com
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SEC Demands Settlement from Elon Musk Over Twitter Share Transactions

The SEC demanded a settlement from Elon Musk within 48 hours regarding his Twitter share transactions, prompting accusations of harassment from Musk's lawyer who refused to comply with a subpoena. The SEC investigation concerns possible securities fraud during Musk's 2022 Twitter acquisition.

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40% Bias Score

Reduced Inequality