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Article: Deutsche Bank Agrees to $130 Million Settlement Over Claims of Bribery, Market Manipulation

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Deutsche Bank Agrees to $130 Million Settlement Over Claims of Bribery, Market Manipulation

Dani Alexis Ryskamp, J.D., 22 January 2021

Deutsche Bank recently agreed to pay over $130 million in a settlement involving two separate claims—that Deutsche Bank paid bribes for overseas business and that it was involved in the manipulation of metal markets. The settlement’s terms also include a three-year deferred prosecution agreement. Continue reading “Article: Deutsche Bank Agrees to $130 Million Settlement Over Claims of Bribery, Market Manipulation”

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Article: Form 8-K Bionano Genomics, Inc

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Form 8-K Bionano Genomics, Inc/strong>

EDGARFILINGS LTD, 21 January 2021

On January 20, 2021, Bionano Genomics, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Oppenheimer & Co. Inc., as representative of the several underwriters named therein (collectively, the “Underwriters”), relating to the issuance and sale in a public offering of 33,333,350 shares of the Company’s common stock, par value $0.0001 per share. The price to the public in the offering is $6.00 per share and the Underwriters have agreed to purchase the shares from the Company pursuant to the Underwriting Agreement at a price of $5.64 per share. The net proceeds to the Company from the offering are expected to be approximately $187.3 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The closing of the offering is expected to occur on January 22, 2021, subject to customary closing conditions. In addition, the Company granted the Underwriters a 30-day option to purchase up to 5,000,002 shares of the Company’s common stock at the public offering price, less the underwriting discounts and commissions. Continue reading “Article: Form 8-K Bionano Genomics, Inc”

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Article: Form 8-K Vinco Ventures, Inc.

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Form 8-K Vinco Ventures, Inc.

M2 Compliance, 21 January 2021

On January 19, 2021, Vinco Ventures, Inc. (“Vinco Ventures”), ZVV Media Partners, LLC (the “Company”) and Zash Global Media and Entertainment Corporation (“ZASH”) entered into a Contribution Agreement (the “Agreement”). Vinco Ventures and ZASH desire to establish the newly formed Company in order to engage in the development and production of consumer facing content and related activities.

Under the terms of the Agreement, Vinco Ventures and ZASH shall contribute certain assets (the “Contributed Assets”) to the Company. At Closing, Vinco Ventures and ZASH shall enter into a limited liability operating agreement of the Company and a content distribution agreement with American Syndication Media Corporation (“ASMC”). The Company shall not assume any liabilities of either Vinco Ventures or ZASH except those liabilities arising in or specifically relating to periods, events or occurrences happening with respect to the Contributed Assets on or after the Closing Date. In consideration of the Contributed Assets, the Company shall issue to Vinco Ventures and ZASH 5,000 Units. The transaction closed on January 19, 2021.

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Article: Vinco Ventures skyrockets over 300% after inking merger deal with Zash

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Vinco Ventures skyrockets over 300% after inking merger deal with Zash

Will Daniel, 21 January 2021

“The Company’s proprietary Influencer Platform led to over 2 billion video views within a 30-day period. With a current follower network of over 350+ million, we are poised to revolutionize the next generation of video distribution,” said Brian McFadden, Chief Strategy Officer of Zash.

Zash uses its analytics and distribution technology to ensure as many eyes as possible are on its partners’ content.

“We utilize data, metadata, and the IoT [Internet of Things] to meet the ever-changing engagement and content demands of content developers, consumers, and creators,” said Vince Butta, ZASH co-founder. “The unique monetization model for our global ecosystem of platforms really differentiates ZASH.”

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Article: Semion Mogilevich Today: Where Is the Notorious Ukrainian-Russian Mobster?

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Semion Mogilevich Today: Where Is the Notorious Ukrainian-Russian Mobster?

A new true crime documentary series dropped on Netflix on August 5, World’s Most Wanted, which profiles five of the most notorious fugitives of the past few decades.

One of the episodes focuses on Ukrainian-Russian mobster Semion Mogilevich, who is considered by many agencies to be the “boss of bosses” of the majority of Russian mafia organizations.

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Article: InMed Pharmaceuticals to Participate in 2021 Cannabinoid-Derived Pharmaceuticals Industry Review Summit Europe

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InMed Pharmaceuticals to Participate in 2021 Cannabinoid-Derived Pharmaceuticals Industry Review Summit Europe

PRNewswire, 19 January 2021

InMed Pharmaceuticals Inc. (“InMed” or the “Company”) (NASDAQ:INM) (TSX:IN), a clinical-stage pharmaceutical company developing medications targeting diseases with high unmet medical need and leading the clinical development of cannabinol (“CBN”), today announced that executives of the Company will speak at the 2021 Cannabinoid-Derived Pharmaceuticals Industry Review Summit Europe (“CDP Europe”). CDP Europe will be held virtually from January 19-21, 2021. Michael Woudenberg – Vice President, Chemistry, Manufacturing & Controls, Karen Long – Senior Director, Drug Development, and Prof. Mauro Maccarrone PhD – Scientific Advisor to InMed will all be featured as expert speakers at the event.

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Article: How The Trading Platform Robinhood Started Stealing From The Poor To Give To The Rich

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How The Trading Platform Robinhood Started Stealing From The Poor To Give To The Rich

A best-selling fiction author could not have spun a more ironic tale so completely representative of our time. Just as an unprecedented situation—COVID and lockdowns—unfolded over the past year and led to massive gains for corporate titans like Walmart and Amazon.

While governments have crushed small businesses and individuals, a new, unprecedented situation has unfolded over the past week.

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Article: Are InMode Ltd. (NASDAQ:INMD) Investors Paying Above The Intrinsic Value?

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Are InMode Ltd. (NASDAQ:INMD) Investors Paying Above The Intrinsic Value?

Simply Wall St, 18 January 2021

How far off is InMode Ltd. (NASDAQ:INMD) from its intrinsic value? Using the most recent financial data, we’ll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to today’s value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Don’t get put off by the jargon, the math behind it is actually quite straightforward.

Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

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Article: Samsung’s Jay Y. Lee on cusp of stepping out of father’s shadow

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Samsung’s Jay Y. Lee on cusp of stepping out of father’s shadow

Joyce Lee, 17 January 2021

SEOUL (Reuters) – For years, legal troubles have cast a cloud over Samsung Electronics Vice Chairman Jay Y. Lee as he stood on the cusp of stepping out of his father’s shadow and making a name for himself as the leader of the global tech giant.

On Monday, he faces sentencing on a bribery charge that could sideline him from the world’s largest smartphone and memory chip maker just as it looks to overtake rivals in areas such as chip contract manufacturing and artificial intelligence (AI).

“Samsung is at a crossroads,” said Park Ju-gun, head of researcher CEO Score. “COVID-19 has accelerated change, and other third-gen (Korean) business leaders are aggressively breaking into new business.” Continue reading “Article: Samsung’s Jay Y. Lee on cusp of stepping out of father’s shadow”

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Article: Video Tech Co. Founder Charged In Pump-And-Dump Scheme

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Video Tech Co. Founder Charged In Pump-And-Dump Scheme

Reenat Sinay, 15 January 2021

The founder of a Silicon Valley video streaming service and an investment manager have been indicted for allegedly orchestrating a pump-and-dump stock fraud scheme, Illinois federal prosecutors announced Friday.

David Foley and investment manager Bennie Blankenship allegedly conspired to manipulate the share prices of NanoTech Gaming Inc., a former unit of Nanotech Entertainment Inc., according to the 10-count Jan. 11 indictment.

Between 2013 and 2016, Foley acquired shares in NanoTech Gaming and issued them to a South Dakota corporation called Galaxy Entertainment Group Inc., purportedly run by a close relative of Foley’s, prosecutors said. Continue reading “Article: Video Tech Co. Founder Charged In Pump-And-Dump Scheme”

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Article: German court halts criminal proceedings against former VW CEO

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German court halts criminal proceedings against former VW CEO

Caroline Copley, 15 January 2021

BERLIN (Reuters) – A German court in Braunschweig, Germany, said on Friday it had halted criminal proceedings against former Volkswagen CEO Martin Winterkorn for alleged market manipulation as part of the carmaker’s emissions scandal.

The court said it had decided to discontinue the proceedings as the expected sentence in another case, in which Winterkorn faces charges for his role in allowing diesel cars with excessive pollution levels to hit the road, was higher.

“In this context, the conviction for market manipulation would not lead to a significant increase in the overall sentence,” the court said in a statement.

The court opened proceedings in September examining whether Winterkorn was guilty of failing to inform investors adequately about the extent of the emissions fraud.

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Article: US Chides Vietnam Over Currency, But Makes No Tariff Threat

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US Chides Vietnam Over Currency, But Makes No Tariff Threat

Alex Lawson, 15 January 2021

The Office of the U.S. Trade Representative found that Vietnam’s currency manipulation is unfairly hindering U.S. businesses but held off on teeing up new tariffs against Hanoi on Friday, leaving a final decision in the case up to the incoming Biden administration.

After a three-month investigation, the USTR found that Vietnam’s persistent undervaluation of its currency, paired with its more recent intervention in foreign exchange markets, artificially lowered the prices of Vietnamese exports to the U.S., leaving U.S. producers at a disadvantage. Continue reading “Article: US Chides Vietnam Over Currency, But Makes No Tariff Threat”

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Article: The Truth about Trade Deficits and Currency Manipulation

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The Truth about Trade Deficits and Currency Manipulation

Michael Collins, 12 January 2021

The U.S. Treasury Department has finally determined that China is a currency manipulator, putting currency manipulation and trade deficits back in the news. Trade deficits, currency manipulation and the strong dollar are complicated economic forces that directly affect the future of American manufacturing. Let’s look at how they affect manufacturing and why we must face the truth and do something around these issues, regardless of the politics.

Trade Deficits: Let me begin by saying that, yes, trade deficits have and will continue to hurt American manufacturing, although many politicians, economists, and industry associations disagree.

Michael Froman, former trade representative: “Every legitimate economist said that measuring trade policy by the size of the goods deficit is probably not a passing grade in a basic economics class,”

Lawrence H. Summers, Harvard economist: “The trade deficit is a terrible metric for judging economic policy.” Continue reading “Article: The Truth about Trade Deficits and Currency Manipulation”

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Article: Deutsche Bank Strikes a Deal on Bribery

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Deutsche Bank Strikes a Deal on Bribery

finews.asia, 11 January 2021

Deutsche Bank will look to avoid U.S. charges of bribery and manipulation of precious metals markets by making a payment totaling nearly $125 million.

Almost the entire payout relates to charges against the German lender over its dealings in Saudi Arabia, Abu Dhabi, China and Italy, according to court papers, with a criminal fine making up two-thirds of the total sum, according to a court hearing in New York.

Prosecutors claim that Deutsche Bank violated the federal Foreign Corrupt Practices Act (FCPA) which prohibits firms with U.S. operations from paying bribes elsewhere. Continue reading “Article: Deutsche Bank Strikes a Deal on Bribery”

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Article: ‘Big Short’ investor says his big Tesla short is getting ‘bigger and bigger’

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‘Big Short’ investor says his big Tesla short is getting ‘bigger and bigger’

Pressboltnews, 11 January 2021

Short sellers, caught on the wrong end of a $38 billion hit in 2020, suffered “the largest yearly mark-to-market loss” Ihor Dusaniwsky of S3 Partners has ever seen. One of those under water on that trade: Michael Burry.

The investor, made famous in the book and film, “The Big Short,” for his prescient bet against the U.S. housing market, announced in early December that he was shorting Tesla at “ridiculous” levels. It’s been ugly for Burry and the rest of the shorts since then, with the Tesla shares up more than 44% in the past month. Over the past year, the stock has exploded for a gain of 820%, making CEO Elon Musk the richest man in the world. On Friday, Tesla stretched its record winning streak to 11 sessions in a row, closing at another record. Continue reading “Article: ‘Big Short’ investor says his big Tesla short is getting ‘bigger and bigger’”

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?