EUR/USD 1.17797
0.486%
Gold 4723.80
0.784%
Oil 92.012
-2.817%
USD/JPY 156.725
-0.130%
GBP/USD 1.36276
0.570%
GBP/JPY 213.582
0.450%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The European-Mediterranean Seismological Centre reports a 5.7-magnitude earthquake in the Biobío region of Chile.The U.S. Geological Survey reported a 4.5-magnitude earthquake 5 kilometers south-southwest of Broley, California.May 10th - According to sources, Alibaba (09988.HK) is preparing to announce its integration plan between its AI platform Qwen and e-commerce platform Taobao. This move aims to drive shopping through conversation rather than keyword search. The integration will reportedly allow consumers to browse, compare, and purchase products by conversing with an AI assistant through the Qwen app, eliminating the need to manually navigate product listings. The Qwen app is expected to integrate with Taobao and Tmalls complete catalog of over 4 billion products and leverage a "skill library" capable of managing logistics and after-sales service. It will also provide shopping recommendations based on users order history and shopping preferences. Furthermore, within the Taobao platform, Alibaba will launch a Qwen-powered AI shopping assistant, incorporating tools such as virtual try-on and 30-day price tracking.According to a source familiar with the matter, Alibaba (09988.HK) is preparing to announce plans to integrate its AI platform Qwen with its e-commerce platform Taobao, a move aimed at driving shopping through conversation rather than keyword search.On May 10th, SK Energy announced that it will provide subsidies to its franchised gas stations to cope with high oil prices. SK Energy will reportedly provide up to 20 billion won per month to support 2,500 branded gas stations nationwide (excluding company-operated stations). SK Energy stated that this subsidy aims to ensure a stable supply of petroleum products and aligns with the governments policies on energy supply stability.

Ex-CFO pleads guilty to stealing from SPACs to trade meme stocks, cryptocurrencies

Skylar Shaw

Jan 04, 2023 14:13

微信截图_20230104095705.png


An ex-chief financial officer (CFO) of several special purpose acquisition companies (SPACs) pled guilty to stealing more than $5 million from them and losing almost all of it in joke stocks and cryptocurrencies.


Tuesday in federal court in Manhattan, Cooper Morgenthau, 35, of Fernandina Beach, Florida, entered a plea of guilty to one count of wire fraud. The judge was U.S. District Judge Paul Engelmayer.


When Morgenthau is sentenced on April 25, the suggested federal guidelines call for a jail term of between six and seven and a half years.


The U.S. Securities and Exchange Commission also resolved related civil allegations against him in exchange for his agreement to lose $5.11 million and pay an equivalent amount in restitution.


A representative for Morgenthau, Michael Bowen, refused to comment.


According to the authorities, Morgenthau stole more than $1.2 million from African Gold Acquisition Corp between June 2021 and August 2022, covered it up by fabricating account statements, and either spent it all in securities trading or lost it all.


The SEC said that Morgenthau then solicited $4.7 million from investors in SPACs known as Strategic Metals Acquisition Corp to make up for his losses, only to lose the majority of it in cryptocurrency trading.


African Gold, a New York-based company formed to purchase a gold mining company, raised $414 million in an IPO in February 2021.


According to the SEC, it dismissed Morgenthau in August of last year when he ran out of money and its suppliers refused to do business with him.


At the time, African Gold said that it fired Morgenthau after becoming aware of his "improper withdrawals" and efforts to hide them.


According to a statement from Manhattan U.S. Attorney Damian Williams, Morgenthau "confessed that he betrayed the trust that he owed to his public and private investors."


Suggestion