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November 30, 2022

Footnotes: SEC Busts Bitcoin Guy; Missing Taxes; Tough Life for Ponzi Wife | 06.03.14

SEC Charges Bitcoin Entrepreneur With Offering Unregistered Securities An SEC investigation found that Erik T. Voorhees published prospectuses on the Internet and actively solicited investors to buy shares in SatoshiDICE and FeedZeBirds. But he failed to register the offerings with the SEC as required under the federal securities laws. Investors paid for their shares using Bitcoin, a virtual currency that can be used to purchase real-world goods and services and exchanged for fiat currencies on certain online exchanges. The profits ultimately earned by Voorhees through the unregistered offerings totaled more than $15,000. [SEC]

Why should you care about conflict minerals? Ask your phone [TIME]

Lockheed Martin is going to build a $914 million Space Fence to protect our space junk from space junk [LM]

France takes U.S. to task over BNP Paribas fine France stepped up its protests to the United States on Tuesday over a possible $10 billion-plus sanctions busting fine for its biggest bank BNP Paribas, saying such a move could hurt transatlantic free-trade talks. [Reuters]

The New York State Society of CPAs made the local news [WHEC]

What investors must know about new accounting rules “There is a need for greater disclosure than what was put in [the new revenue reporting standards] because there are a lot of subjective estimates included in these new principles,” Sandy Peters, who heads the Financial Reporting Policy Group at the CFA Institute, said in a phone interview. [MW]

Oregon is "missing" over $1 billion in taxes [Oregon Live]

If you need another reason why not to marry a scammer: the wife of a Ponzi schemer in prison for 50 years can't divorce the guy because he's in witness protection [Daily Mail]

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