SEC: Former Riot Blockchain CEO agrees to settlement in principle for alleged 'market manipulation'

The SEC said in a letter that it reached agreements to settle with three defendants, including the former Riot Blockchain CEO, John O'Rourke, in what the agency had called a case of "lucrative market manipulation."

The SEC charged 20 people and entities in September for what it called "classic pump-and-dump schemes." The Securities and Exchange Commission filed a letter Tuesday morning saying that it had reached agreements to settle with three defendants in what the agency called "Among those to settle are John O'Rourke, former CEO of Riot Blockchain, a cryptocurrency company that was the subject of a"The staff has reached agreements in principle to settle this action with Defendants Michael Brauser, John O'Rourke, and John Stetson, and their affiliated entities," the SEC letter said.

Life in prison?

No is the answer, but knowing the rules and letting something happen when you know the other person doesn't know the rules or have any experience is worse, especially when there gaining from it, putting the blame on you after that is nasty.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sadiq Khan says the UK should stop being 'sycophantic' to Donald Trump - Business Insider'What we should be doing is saying 'you know what, your views on women I don't agree with, your views on immigrants and Mexicans I don't agree with'. Trump's values is we the people's value--it is the way to security & prosperity, please ignore Sadiq Khan, trash to we the people! Neither does the rest of the world. Khan a total waste of space, and most of the UK agrees on this.
Source: BusinessInsider - 🏆 729. / 51 Read more »

EU won't meet China halfway in investment talks: EU trade chiefThe European Union wants to agree a deal with China this year to protect foreign... So now the eu is copying Trump ? DW_Belknap EU might want to play nice with 🇨🇳 they might need a closer super partner after the 🇬🇧 leaves.🤣👍 If the EUCouncil is finally taking a stand against communism, bravo. This is a major issue that citizens around the world want confronted. Support for capitalism and civil liberties must be unequivocal. Support for nations who don't believe in this, must be challenged.
Source: Reuters - 🏆 2. / 97 Read more »