Federal authorities have launched a criminal investigation into a group that may include the former chief executive of Riot Blockchain, the cryptocurrency company that was the subject of a CNBC investigation last year, according to a recent court transcript.
The criminal case is being handled by the U.S. Attorney's office out of San Francisco, according to the transcript of a May civil case court hearing obtained by CNBC. The criminal case is being handled by the U.S. Attorney's office out of San Francisco, according to the transcript of a May hearing from the civil SEC case obtained by CNBC. It is unknown what companies or activities are being examined. A spokesman for the U.S. Attorney's Office did not respond to CNBC's request for comment.
. The SEC already settled in full or in part with nine defendants, including Miami biotech billionaire Phillip Frost, according to court filings. During the hearing O'Rourke's attorney, Gregory Morvillo, said, "So putting our clients at the end [of the deposition schedule], particularly in light of the fact that there's a criminal investigation in San Francisco into the very allegations that has been on ongoing, makes sense and is protective of my clients," according to the transcript.
If properly regulated - shoot , casually glanced at - most are corrupt and a disgrace ! Which is interpreted to mean ,stock - sure thing winners - love ‘em . Free Market Corp Welfare and loving it !
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