AMC Stock: The Big Screen News That Has AMC Theaters Gaining Once Again
Brenden Rearick, 20 July 2021
The last month has been pretty rough on AMC Entertainment (NYSE:AMC). The theater chain erased a great deal of its gains over the last few weeks, thanks to slowing momentum in the world of meme stocks. Investors in this highly volatile investing sect have seemingly turned their attention away from large plays like AMC and sent prices tumbling. But now, the company is closing a deal that can bring it some crucial revenue over the next few years; two theaters in the Los Angeles area will become AMC theaters, with the chain signing a years-long lease on the locations. As a result, AMC stock is gaining once again. Continue reading “Article: AMC Stock: The Big Screen News That Has AMC Theaters Gaining Once Again”
SOS Stock May Boom and Bust in the Meme Stock Space Indefinitely
Chris MacDonald, 04 May 2021
Cryptocurrency miners have increasingly come into focus of late. Miners such as SOS Limited (NYSE:SOS) with extensive Bitcoin (CCC:BTC-USD) mining operations are becoming ever-more lucrative as Bitcoin prices remain elevated. That said, SOS stock has languished somewhat in recent weeks, to a greater degree than Bitcoin prices.
Investors in SOS stock have seen shares spike repeatedly in double-digit moves to the upside and downside in recent months. Continue reading “Article: SOS Stock May Boom and Bust in the Meme Stock Space Indefinitely”
Greensill and Gupta’s Intertwined Empires Had for Years Raised Concerns Internally
Alistair MacDonald and Duncan Mavin, 03 April 2021
The business empires of metals magnate Sanjeev Gupta and financier Lex Greensill leaned on each other to fuel their growth. But for years executives and advisers close to both entrepreneurs urged the two men to decouple their businesses, according to people familiar with the matter.
They failed to do so. Now Mr. Greensill’s firm, Greensill Capital, is insolvent, and Mr. Gupta’s conglomerate, GFG Alliance, is scrambling to survive. Continue reading “Article: Greensill and Gupta’s Intertwined Empires Had for Years Raised Concerns Internally”
Las Vegas Sands probes potential money-laundering breaches at Singapore’s Marina Bay Sands casino
Bloomberg, 29 March 2021
Las Vegas Sands Corp. set up a special committee to look into potential breaches of anti-money-laundering procedures at its Singapore casino, which has already been the target of probes by US officials and local police.
The committee of three independent board members is reviewing money transfers among high rollers and third parties at Marina Bay Sands, as well as any possible retaliation against whistle-blowers, according to people familiar with the matter.
US law firm Vinson & Elkins LLP has been hired to assist with the review, according to the people, who asked not to be identified because of the confidentiality involved. Las Vegas Sands declined to comment. Continue reading “Article: Las Vegas Sands probes potential money-laundering breaches at Singapore’s Marina Bay Sands casino”
Prosecutor: Alleged money launderer Ian Freeman holds $1.6 million in Bitcoins
Mark Hayward New Hampshire Union Leader, 19 March 2021
CONCORD — Free-Keene leader Ian Freeman has accessed $1.66 million worth of Bitcoins and had $178,000 in cash in his safe when his house was raided by federal authorities this week, prosecutors said on Friday.
Federal prosecutors also said Freeman has access to gold, silver, and possibly other liquid assets and cryptocurrencies. Freeman — who faces eight felony charges including money laundering, wire fraud and conspiracy — could tap those assets and use them to flee if a judge releases him on bail, prosecutors warned.
Assistant U.S. Attorney Georgina MacDonald voiced those concerns during an hour-plus bail hearing streamed live Friday from U.S. District Court in Concord.
The hearing ended with Judge Magistrate Andrea Johnstone deferring a decision and promising a written order as soon as possible.
On Tuesday, the FBI arrested Freeman and five others who are part of the libertarian Free Keene movement on charges related to a Bitcoin-dollar exchange system they ran through churches they were closely affiliated with.
Freeman is the only one to face charges of money laundering and operating a continuing financial crimes enterprise, which call for mandatory minimum sentences of 10 years.
MacDonald termed Freeman a sophisticated cybercriminal.
Close to 70 people, including media, FBI agents and some with cryptic names, logged on for the hearing. Freeman participated via video feed from Merrimack County jail.
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