Ex-JPMorgan traders’ ‘spoofed’ trades were genuine, defense says as trial opens

Ex-JPMorgan traders’ ‘spoofed’ trades were genuine, defense says as trial opens

July 8 (Reuters) – The closely watched criminal trial of three former JPMorgan Chase & Co (JPM.N) employees kicked off on Friday, with a prosecutor saying they “ripped off” the precious metals futures market with fake orders and defense attorneys saying the orders were genuine. The bank’s former global precious metals desk head Michael Nowak, … Read more

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme

Elon Musk sued for 8 billion over alleged Dogecoin pyramid scheme

NEW YORK, June 16 (Reuters) – Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc (TSLA.O) and space tourism company … Read more

Judge ‘surprised’ at Trump claim he has no documents sought in probe

Judge ‘surprised’ at Trump claim he has no documents sought in probe

NEW YORK, April 29 (Reuters) – A New York judge expressed surprise on Friday that Donald Trump, a man he described as perhaps the world’s most famous real estate developer, was unable to provide any documents sought in a probe of the Trump Organization, his family company. Justice Arthur Engoron in New York state court … Read more

Musk loses bid to end SEC agreement on oversight of Tesla tweets

Musk loses bid to end SEC agreement on oversight of Tesla tweets

April 27 (Reuters) – A US judge slammed Elon Musk on Wednesday for trying to escape a settlement with regulators requiring oversight of his Tesla Inc (TSLA.O) tweets, saying the billionaire was “bemoaning” the 2018 deal now that he felt Tesla was “invincible.” The ruling comes after the Twitter Inc (TWTR.N) board accepted on Monday … Read more

Prosecutor urges ex-Goldman banker’s conviction over 1MDB, defense blasts witness

Prosecutor urges ex-Goldman banker’s conviction over 1MDB, defense blasts witness

NEW YORK, April 4 (Reuters) – A US prosecutor on Monday urged jurors to convict a former senior Goldman Sachs (GS.N) banker for helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund, while the defense accused the government’s star witness of lying. In her closing argument in Brooklyn federal court, Assistant US Attorney … Read more