Article: Adidas executive allegedly paid family of Zion Williamson and other athletes through laundering money

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Adidas executive allegedly paid family of Zion Williamson and other athletes through laundering money

Ianteasley , 17 May 2021

The Adidas pay scandal is still on-going and new documents released today allege that former Adidas rep, Chris Rivers, paid the family of former Duke star Zion Williamson, as well as other athletes, by laundering money from Adidas through another company that he controlled, per Jason Riley of WDRB.

An example that Riley gave was that Rivers allegedly made payments to an Ashley Furniture credit account that was held by Zion’s step-dad. The attorney of Brian Bowen, former Louisville commit, claims that Rivers used his company “In Your Eye Sports” to transfer thousands of dollars to families of athletes, as well as Williamson’s when he was a high school prospect. Continue reading “Article: Adidas executive allegedly paid family of Zion Williamson and other athletes through laundering money”

Article: SoftBank pays $2.8B to acquire 40% stake in warehouse automation firm AutoStore

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SoftBank pays $2.8B to acquire 40% stake in warehouse automation firm AutoStore

DUNCAN RILEY, 05 April 2021

SoftBank Group Corp. said today it has invested $2.8 billion to acquire a 40% stake in Norwegian warehouse automation company AutoStore AS.

SoftBank, Japan’s largest telecommunications companies and one of the world’s largest venture capital firms, acquired shares in the company from funds affiliated with Thomas H. Lee Partners L.P. and EQT Private Equity, among other shareholders. According to the Wall Street Journal, the deal values AutoStore at $7.7 billion. Continue reading “Article: SoftBank pays $2.8B to acquire 40% stake in warehouse automation firm AutoStore”

Article: SEC is investigating Japanese investment giant SoftBank for market manipulation

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SEC is investigating Japanese investment giant SoftBank for market manipulation

DUNCAN RILEY, 25 March 2021

The U.S. Securities and Exchange Commission is investigating Japanese telecommunications company and investment giant SoftBank Group Corp. for alleged market manipulation.

Founded in 1981, SoftBank holds a significant share — 21.2% as of 2020 of Japan’s mobile phone subscription market — but is best known in the W est for its prolific investment portfolio. The list of companies SoftBank has invested in is too long to list but notable names include Uber Technologies Inc., Didi Chuxing Co. Ltd., Grab Holdings Inc., Nvidia Corp., TikTok owner ByteDance Ltd. and DoorDash Inc.

Along with operating the world’s largest technology-focused venture capital fund, Softbank has a particular interest in ride-hailing companies. Except for Lyft Inc., SoftBank owns significant minority stakes in just about every other company in the market. When Grab purchased Uber’s Southeast Asian arm in 2018, it was a deal between two SoftBank-funded companies. Continue reading “Article: SEC is investigating Japanese investment giant SoftBank for market manipulation”

Article: Coinbase pays $6.5M to settle government investigation into false reporting

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Coinbase pays $6.5M to settle government investigation into false reporting

DUNCAN RILEY, 21 March 2021

Cryptocurrency exchange Coinbase Global Inc. has been fined $6.5 million by the U.S. Commodity Future Trading Commision to settle allegations that it undertook reckless false, misleading or inaccurate reporting as well as so-called wash trading between 2015 and 2018.

Along with the fine, announced Friday, Coinbase is also subject to stop any further violations of the Commodity Exchange Act or CFTC regulations.

Between January 2015 and September 2018, Coinbase is said to have operated two automated trading programs, Hedger and Replicator, that generated orders that at times matched one another on the GDAX electronic trading platform operated by the company. Although the GDAX rules did disclose that Coinbase was trading on the GDAX it failed to disclose that Coinbase was operating more than one trading program and trading through multiple accounts. Continue reading “Article: Coinbase pays $6.5M to settle government investigation into false reporting”

Article: Government agencies probe GameStop pump over potential illegal manipulation

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Government agencies probe GameStop pump over potential illegal manipulation

DUNCAN RILEY, 11 February 2021

U.S. government agencies have launched federal investigations into whether the social-media-driven activity around GameStop Corp.’s share price rise in January constituted illegal market manipulation.

According to a report today in The Wall Street Journal, both the U.S. Department of Justice and the Commodity Futures Trading Commission are formally investigating the pump of GME stock, and the Securities and Exchange Commission is also reviewing the matter.

The investigation by the justice department is being led by the department’s fraud section and the San Francisco U.S. attorney’s office who have sought information about the security activity from brokers and social media companies that were at the center of the trading frenzy. Subpoenas are said to have been issued for information to brokers including Robinhood Markets Inc. that was widely used by those buying up GameStop and other shares such as AMC Entertainment Holdings Inc. Continue reading “Article: Government agencies probe GameStop pump over potential illegal manipulation”

Subject: Christiana Riley

Subject of Interest

Christiana Riley is the Chief Executive Officer of Deutsche Bank (Americas). She has been a member of the Management Board since Jan 1, 2020. Riley joined Deutsche Bank in 2006 where she was most recently Chief Financial Officer of the Corporate & Investment Bank. Prior to this Riley worked at the management consultancy McKinsey & Company and at the investment bank Greenhill & Co. In 2000, she graduated from Princeton University and in 2005 she received her Master’s of Business Administration at the London Business School in the UK.

Biography

Deutsche Bank

Article: Market manipulation caused surge in prices of bitcoin and other cryptocurrencies, researchers say

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Market manipulation caused surge in prices of bitcoin and other cryptocurrencies, researchers say

DUNCAN RILEY, 13 June 2018

A new research paper has confirmed long-held suspicions that the Tether cryptocurrency was used by people linked to the Bitfinex exchange to drive up the price of bitcoin and other cryptocurrencies last year.

The paper, written by University of Texas Professor John Griffin, who is known for catching fraud in financial markets, and graduate student Amin Shams, details the direct relationship between the issuing of Tether during bitcoin price drops and how it was used to buy bitcoin on the drop, artificially creating demand and driving the price up. Continue reading “Article: Market manipulation caused surge in prices of bitcoin and other cryptocurrencies, researchers say”