Wire Fraud

U.S. prosecutors charged two Robinhood engineers with commodities and wire fraud over alleged trades tied to confidential crypto listing information. The case signals that decentralized derivatives activity remains within the reach of federal market abuse laws.

Federal prosecutors in Manhattan charged Few and Far founder Taj Tarsha with securities fraud and wire fraud tied to a $10 million fundraising for an NFT marketplace. Authorities allege investor money was diverted to online gambling, cryptocurrency speculation, personal expenses and other uses rather than project development.