Blockchain Bandwagon Company Longfin CEO Settles with US SEC for $400,000

The post Blockchain Bandwagon Company Longfin CEO Settles with US SEC for $400,000 written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics

Venkata S. Meenavalli, an Indian ex-CEO of a once Nasdaq-listed American fintech firm Longfin, has settled with the US Security and Exchange Commission (SEC) for conducting a $27 million accounting fraud scheme to inflate the revenue of the now-defunct cryptocurrency company in order to get it listed on the Nasdaq. The company’s share price jumped […]

The post Blockchain Bandwagon Company Longfin CEO Settles with US SEC for $400,000 written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics

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