The U.S. Securities and Exchange Commission announced Tuesday it had charged a Vermont man and two of his companies with conducting a Ponzi scheme involving the system for validating digital currency transactions. The events “had many of the hallmarks of a Ponzi scheme, ” according to the SEC. Read more.
Both the manufacturing and service sectors experienced a decline in November, according to the National Association of Credit Management’s Credit Managers’ Index. The combined CMI index, which measures metrics like dollar collections, credit applications, and amount of credit extended, dropped more than a point, from 53.9 in October to 52.6 in November. Read more.
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The Delaware Supreme Court upholds a verdict that found RBC Capital liable for misleading a client it was advising in a merger deal.
The manufacturing and services sectors produced subpar numbers for November, according to the National Association of Credit Management.
Data nationalism, designed to protect privacy, also threatens to break the cloud into pieces and end the dominance of U.S. providers.
Before November of this year, the last time manufacturing activity contracted was in November 2012.
Company chiefs project that that sales, capital spending, and hiring will pull back over the next six months, the Business Roundtable reports.
Six articles on travel and entertainment expense management, how T&E impacts your bottom line, and why you need automation.
In a Tanzania government bond deal, Standard failed to disclose a $6 million payment to a firm with government ties.
The perpetrators ‘cloaked their scheme in technological sophistication and jargon, but the fraud was simple at its core,’ said an SEC official.
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