Financial Technology

People keep suing celebrities like Cristiano Ronaldo and Tom Brady over crypto losses

People keep suing celebrities like Cristiano Ronaldo and Tom Brady over crypto losses

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Ever since the collapse of cryptocurrencies last year, lawsuits have been flying. But a series of class-action suits targeting celebrity endorsers of crypto exchanges like FTX and Binance have been piling up in federal court in Miami, all filed by the same group of South Florida lawyers. The latest suit names global soccer superstar Cristiano …

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FTX whistleblower was unusual. Most witnesses are too afraid to speak up.

FTX whistleblower was unusual. Most witnesses are too afraid to speak up.

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“ Organizations bear the responsibility to foster an environment of transparency for their whistleblower programs to succeed. ” In the years leading up to the eventual collapse of the cryptocurrency exchange FTX, insiders blew the whistle about the company’s severe governance and regulatory issues. The flouting of internal control requirements and commingling of client funds …

FTX whistleblower was unusual. Most witnesses are too afraid to speak up. Read More »

Fintech promised to revolutionize loans for those left out of the credit system. New research indicates it’s not living up to that promise.

Fintech promised to revolutionize loans for those left out of the credit system. New research indicates it’s not living up to that promise.

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For years, the financial technology industry has touted its ability to spot good credit risks missed by big banks and traditional lenders, providing people with affordable loans they might not otherwise be able to access. The technology companies and startups that make up the fintech world “rely heavily” on credit scores to price their loans …

Fintech promised to revolutionize loans for those left out of the credit system. New research indicates it’s not living up to that promise. Read More »

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