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2 Men Arrested, Charged With Rug Pull: What The Court Case Means For NFTs
Friday, March 25, 2022 - 3:06pm | 702The U.S. Justice Department has formally charged two people with money laundering and fraud related to a “rug pull” that occurred with the launch of a non-fungible token collection. What Happened: The Justice Department is charging Ethan Nguyen (aka Frostie) and Andre Llacuna (aka...
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Could New Justice Department Hire Lead To Google Breakup?
Thursday, July 22, 2021 - 11:10am | 468Large technology companies have faced increased pressure from the U.S. government over potentially anti-competitive practices. A new White House appointee could mean renewed pressure on Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL). What Happened: The White House announced the appointment of...
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Reports: Justice Department Investigating Lordstown Motors
Friday, July 2, 2021 - 4:36pm | 654The Justice Department is probing financially troubled Lordstown Motors Corp., according to several media reports Friday. It is the latest blow to the company that plans to begin building battery-powered commercial pickup trucks this fall at a former General Motors plant in the northeast Ohio town...
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5 Things You Might Not Know About Bill Gates
Tuesday, May 4, 2021 - 2:24pm | 585Bill Gates is well-known as the co-founder of Microsoft Corporation (NASDAQ: MSFT). The entrepreneur is also a huge philanthropist creating the Bill and Melinda Gates Foundation in 2000 to help spread technology and medical advancements around the world and reduce poverty. Here are five things you...
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8 Stocks Prolific Trader Sen. David Perdue Sold While In Congress
Friday, December 4, 2020 - 4:42pm | 851Over the course of six years, U.S. Sen. David Perdue has placed 2,596 stock trades. Some of the trades may have involved possible inside information thanks to his position on several Senate sub-committees. What Happened: The New York Times published an in-depth look at Perdue’s history of...
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Gut Punch: Analysts React To Trevor Milton's Departure From Nikola
Monday, September 21, 2020 - 10:20am | 579What Happened: Nikola Corporation (NASDAQ: NKLA) Founder Trevor Milton stepped down as the company's chairman and board member early Monday morning. The electric truck manufacturer's stock has been under pressure for several weeks following a short seller report from Hindenburg Research....
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US Goes After 280 Cryptocurrency Accounts Linked To North Korean Hackers
Friday, August 28, 2020 - 3:30am | 326The United States Department of Justice said Thursday it was filing a civil complaint to seize millions of dollars worth of cryptocurrency linked to two attacks on virtual currency exchanges by alleged North Korean hackers. What Happened: Prosecutors are moving to seize 280 accounts, which they say...
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Tesla Is The Unnamed Company Targeted By Indicted Russian Hacker, Musk Attests
Friday, August 28, 2020 - 12:00am | 601Tesla Inc (NASDAQ: TSLA) CEO Elon Musk confirmed late Thursday that the automaker was the subject of a hacking attempt by a Russian national and his co-conspirators. What Happened: "This was a serious attack," the billionaire entrepreneur said in response to a ...
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US Indicts Teva Pharmaceutical In Generic Drug Price-Fixing Case
Tuesday, August 25, 2020 - 10:42pm | 511The Department of Justice on Tuesday indicted Teva Pharmaceutical Industries Ltd’s (NYSE: TEVA) United States unit for conspiring to fix prices, rig bids, and colluding with other companies to allocate customers for generic drugs. What Happened: The indictment filed in the...
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No More Immunity? Justice Department Wants Tech Companies To Have Legal Responsibility For Content Posted On Their Platforms
Thursday, February 20, 2020 - 9:42am | 579The United States Department of Justice held a workshop discussing Section 230 of the Communications Decency Act on Wednesday that grants technology companies immunity from legal actions arising from content published by third-parties on their platform. The Takeaways Attorney General William...
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Federal Measures To Protect Cannabis Users In Legal States Head To House Floor
Wednesday, June 19, 2019 - 12:03pm | 457Measures that would keep the Justice Department from interfering in legal state cannabis programs are part of a budget bill now headed to the full House floor. The U.S. House Rules Committee on Tuesday approved a series of amendments to one of the spending bills that funds the government, including...
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Alphabet's Google Braces For Antitrust Investigation From The Justice Department
Sunday, June 2, 2019 - 3:45pm | 397The U.S. Justice Department is preparing for an antitrust investigation of Alphabet Inc. (NASDAQ: GOOG)(NASDAQ: GOOGL)’s Google. Officials from the Justice Department’s Antitrust Division and the Federal Trade Commission, which also enforces antitrust law, let in recent weeks to give...
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AT&T Counsel: 'No Credible Evidence' Merger Will Hurt Consumers, Competition
Tuesday, November 21, 2017 - 6:29pm | 484The Justice Department is taking action to block AT&T Inc. (NYSE: T)'s proposed merger with Time Warner Inc (NYSE: TWX). What You Need To Know The Justice Department is suing to block the $85 billion mega-merger, as it said the combined entity would result in "fewer innovative...
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AT&T Resists DOJ Order To Divest Time Warner's CNN For Merger Approval
Wednesday, November 8, 2017 - 3:37pm | 412What Happened: AT&T Inc. (NYSE: T) is preparing to resist Justice Department orders to divest Time Warner Inc (NYSE: TWX)’s CNN at the risk of forfeiting approval for its $84.5 billion merger. "AT&T has been told by the US Department of Justice that it needs to sell CNN" to...
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Trump Calls Out 'Hypocrite' Schumer For Eating Doughnuts With Putin In 2003
Friday, March 3, 2017 - 3:28pm | 384Led by the likes of Sen. Chuck Schumer (D - New York), American Democrats are pushing for investigations into executive relationships with Russia, and President Donald Trump is responding tit for tat. On Friday, a Tweet was posted to Trump’s personal Twitter Inc (NASDAQ: TWTR) account...