Braden Perry, among other experts, was quoted in The Legal Examiner on the current CARES Act fraud in connection to the COVID-19 crisis. Small business owners worry as Congress works to root out CARES Act fraud connected to billions in business loans awarded during the recent pandemic. Investigations are heating up as they examine which
A recent report about the potential laundering of trillions of dollars through the world’s largest banks demonstrates an ineffective regulatory system that is continuously abused by banks, with little chance of change unless direct action is taken by the government. Buzzfeed News pieced together decades of financial transactions and published their findings of its investigation.
An employee error caused Citigroup Inc. to mistakenly pay out over $900 million of its own money to a group of lenders. So far at least one of the lenders has given the money back, but the bank is suing 11 others including Brigade Capital Management, HPS Investment Partners, and Symphony Asset management. The case
Kennyhertz Perry attorney Mit Winter was recently featured on the LEAD1 Association’s new video podcast series, The LEAD1 Angle, discussing the new benefits and cash payments certain college athletes can now receive as a result of the Alston v. NCAA decision. LEAD1 Association represents the athletics directors and athletics programs of the 130 member universities
The Commodity Futures Trading Commission (“CFTC”) has announced Division of Enforcement staff-level guidance that outlines whether a company’s compliance program was reasonably designed and implemented to (i) prevent the underlying misconduct at issue; (ii) detect the misconduct; and (iii) remediate the misconduct. At all points, the Division will conduct a risk-based analysis, taking into consideration
The above comparison of two trademarks was presented on Page 22 of Apple Inc.’s trademark Opposition to the registration of the pear logo owned by Super Healthy Kids, Inc. (“SHK”). SHK wants to use its pear logo in connection with their service that educates people to prepare nutritious meals for kids by marketing an online
Law360 featured Braden Perry, among other experts, in an article on Scotiabank feeling the wrath of a regulator scorned. Canada’s Bank of Nova Scotia, the U.S. Commodity Futures Trading Commission and federal prosecutors recently reached a settlement of $127 million over an alleged eight-year precious metals spoofing scheme. The Scotiabank was lauded by the CFTC
Braden Perry, among other experts, was quoted in The Philadelphia Inquirer on the $50M taxpayer-backed coronavirus loan to Poconos casino. The Scranton-area bank directed by Louis A. DeNaples recently handed out the biggest loan yet for $50 million. This taxpayer-backed program was created to help mid-sized businesses during the coronavirus pandemic. Mount Airy Casino Resort
The Commodity Futures Trading Commission (CFTC) announced the filing of charges against 20 entities for making false and misleading claims of having CFTC registration and National Futures Association (NFA) membership required to offer services related to trading in foreign exchange (forex), digital assets, and derivatives. The complaints are listed below: Complaint & Notice: bitfx24option.com Complaint
Global Top 200 Cannabis Lawyers, published by Cannabis Law Report and Cannabis Law Journal, is designed to give direct access to the most experienced cannabis/hemp legal experts around the world. This directory provides a list of the best of the best that specialize in cannabis the law & regulation. The Global Top 200 Editorially Selected
Decrypt featured Braden Perry, among other experts, in an article on why banks block cryptocurrency transactions. Over a decade after the inception of Bitcoin and most banks continue to block cryptocurrency transactions. The reason for this varies between jurisdiction and bank. Some banks are choosing to block crypto transactions for legal reasons. For example, China
Forbes featured Braden Perry, among other experts, in an article on the PR error that might absolve Kodak of insider trading charges. On July 28th, the Trump administration announced it was asking Kodak to devote some of its underutilized capacity to begin the manufacture of advanced pharmaceutical ingredients. The government agreed to award Kodak with
