Michael Mora

1 week ago | law.com | Michael Mora

Blockchain companies Interdata Network Inc. and Cerebellum Networks Inc. sued Kenzi Wang in San Francisco federal court Thursday evening, alleging that the ex-adviser embezzled millions of dollars, hijacked digital accounts and used coercive tactics to demand a lucrative settlement.

1 week ago | law.com | Michael Mora

The Federal Trade Commission and the Nevada Attorney General sued International Markets Live Inc. and its affiliated companies in federal court Thursday for allegedly orchestrating a deceptive multi-level marketing operation that generated over $1.2 billion in global sales by preying on young, often minority consumers with promises of financial freedom through trading and recruitment.

2 weeks ago | law.com | Michael Mora

The U.S. Securities and Exchange Commission concluded a multi-year investigation in February, "without enforcement action,” into PayPal Holdings Inc.'s launch of a stablecoin, the multinational company disclosed in its latest quarterly report. “This is part of an existing trend in which the SEC is intentionally resetting the role of securities laws in the digital asset space,” said Mauro M. Wolfe, lead partner in the digital assets and blockchain group at Duane Morris.

2 weeks ago | law.com | Michael Mora

A federal district court in Tampa will hold a sanctions hearing Thursday involving Gary Cardone, a prominent crypto investor, and one of his companies, Chargebacks 911, over allegations that his employee Ben Scrancher deleted various selected Skype messages, including some a week after the business learned it would face a class action lawsuit. U.S. District Judge Virginia M.

2 weeks ago | wonkette.com | Michael Mora

On April 11, White House trade adviser Peter Navarro on Fox Business said the Trump administration was “going to run 90 deals in 90 days.” Then Trump told Time magazine he’s made 200 trade deals, because his tariffs are such a smashing success. With whom? It’s a secret!How is that all going? Well, it depends on who you ask in his administration, because each of them has no idea what they’re talking about in their own special way, as they demonstrated on the Sunday shows.