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SEC Reserves Right to Oppose Bankrupt Crypto Exchange FTX’s Plan to Pay Creditors in Stablecoins

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SEC Reserves Right to Oppose Bankrupt Crypto Exchange FTX's Plan to Pay Creditors in Stablecoins

The US Securities and Exchange Commission (SEC) may object to a proposed bankruptcy cryptocurrency exchange. FTX To repay creditors using USD pegged stablecoins. what happenedIn a court filing, the regulator said it reserved its rights to challenge the transactions outlined in the FTX liquidation plan, DeCrypt reported on Monday. The SEC clarified that it “does … Read more

A pastor who swindled $3.5 million in Covid-19 relief cash to pay for lavish living expenses, including a Tesla and a new home in Maryland, will learn his fate in court.

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A pastor who swindled $3.5 million in Covid-19 relief cash to pay for lavish living expenses, including a Tesla and a new home in Maryland, will learn his fate in court.

A pastor who defrauded $3.5 million in Covid aid money to fund his lavish lifestyle has been sentenced to 18 months in prison. Rudolph Brooks, 48, pleaded guilty last week to fraud and money laundering after abusing the Paycheck Protection Program (PPP) during the outbreak. Brooks was arrested in April 2021 for PPP loan fraud … Read more