The DOJ and the SEC charged a subsidiary of an international investment adviser with defrauding investors by concealing billions of dollars of losses and misrepresenting downside risk in connection with a series of hedge funds that collapsed in March 2020.
President Joseph R. Biden nominated Michael S. Barr to serve as a member of the Federal Reserve Board and to serve as the next Vice Chair for Supervision.
In a Fact Sheet, the DOJ outlined proposed legislation to add resources and capabilities "to isolate and target the crimes of Russian officials, government-aligned elites, and those who aid or conceal their unlawful conduct."
President Joseph R. Biden issued a proclamation prohibiting Russian-affiliated vessels from entering into U.S. ports, except under limited circumstances.
DOJ Assistant Attorney General of the Antitrust Division Jonathan Kanter proposed strategies to combat anticompetitive practices in the digital economy.
The DOJ charged two individuals with (i) conspiracy to commit wire fraud and (ii) conspiracy to commit money laundering in connection with an alleged million-dollar scheme to defraud purchasers of non-fungible tokens.
The DOJ and Department of the Treasury joined a multinational force to coordinate economic countermeasures against Russia in response to its invasion of Ukraine.
