Law Offices of Jeffrey A. Newman & Associates

10/17/2025

01/31/2024

https://jeffnewmanlaw.com/u-s-probing-tusimple-trucking-over-24-nvidia-chips-to-see-they-were-to-be-sent-to-china/

According to an article in the Wall Street Journal, San Diego based the TuSimple, trucking company to see whether it sent advanced semiconductor chips out of the U.S. ultimately to China. Recently thecompany sent the 24 Nvidia advanced semiconductors to Australia. The Commerce Department halted the....

01/30/2024

https://jeffnewmanlaw.com/reuters-reports-u-s-has-disabled-chinese-hacking-group-volt-typhoon-that-targeted-u-s-infrastructures/

Reuters is reporting that the U.S. has successfully remotely disabled the core of the Chinese hacking campaign against U..S. infrastructures. According to the article, this has compromised thousands of internet-connected devices, according to two Western security officials and one person familiar wi...

01/30/2024

https://jeffnewmanlaw.com/sec-charges-xue-sam-lee-and-brenda-bitcoin-beautee-chunga-founders-of-1-7-billion-hyperfund-with-fraud/

The Securities and Exchange Commission today charged Xue Lee (aka Sam Lee) and Brenda Chunga (aka Bitcoin Beautee) for their involvement in a fraudulent crypto asset pyramid scheme known as HyperFund that raised more than $1.7 billion from investors worldwide. According to the SEC’s complaint, fro...

01/29/2024

https://jeffnewmanlaw.com/dark-web-vendor-banmeet-singh-pleads-guilty-to-distributing-narcotics-forefeits-150-million/

An Indian national , Banmeet Singh pleaded guilty today to selling controlled substances on dark web marketplaces and agreed to forfeit $150 million. According to court documents, Singh, 40, of India, created vendor marketing sites on dark web marketplaces, such as Silk Road, Alpha Bay, Hansa, and o...

01/26/2024

https://jeffnewmanlaw.com/members-of-congress-urge-panama-to-investigate-iranian-oil-sanction-violations/

  Sen. John Kennedy (R-La.) Sens. Marco Rubio (R-Fla.) and Bob Casey (D-Pa.) issued an official letter to the Panama Maritime Authority (AMP) to investigate instances of Iranian oil sanction violations. According to public reports, Iran and buyers, such as China, use vessels known as “ghost flee...

01/26/2024

https://jeffnewmanlaw.com/sec-charges-northern-star-investment-for-material-misrepresentation-in-ipo-disclosures/

— The Securities and Exchange Commission today announced that Northern Star Investment Corp. II, a special purpose acquisition company (S**C), agreed to settle charges that it made misleading statements in forms filed with the SEC as part of its January 2021 initial public offering (IPO). The SEC....

01/25/2024

https://jeffnewmanlaw.com/u-s-will-pay-15-million-bounty-for-information-on-iranian-businessman/

The U.S. Commerce Department will pay up to $15 million for tips on Iranian businessman Hossein Hatefi Ardakani, who is alleged to have helped acquire technology for attack drones sold to Russia. The U.S. sanctioned and charged Ardakani, chair of an electronics company, over his alleged work sourcin...

01/24/2024

https://jeffnewmanlaw.com/general-services-administration-buys-150-chinese-made-video-equipment-violating-u-s-trade-restrictions/

The General Services Administration used “egregiously flawed” market research in deciding to purchase 150 Chinese-made video conferencing cameras that did not comply with U.S. trade standards, the agency’s oversight office said in a see Office of Inspector General Report here: https://www.gsa...

01/24/2024

https://jeffnewmanlaw.com/british-billionaire-joe-lewis-pleads-guilty-to-insider-trading/

British billionaire Joe Lewis pleaded guilty to U.S. insider trading charges. He was charged in July 2023 with passing inside information on his portfolio companies to two of his private pilots as well as friends, personal assistants and romantic partners. This allowed them to make millions of dolla...

01/23/2024

https://jeffnewmanlaw.com/archer-daniels-stock-dives-24-after-probe-cfo-placed-on-leave/

Archer-Daniels-Midland Co. stock dipped 24%, after the agricultural trading company suspended its chief financial officer and cut its earnings outlook pending an investigation into its accounting practices. It said Vikram Luthar, its CFO since 2022, was put on administrative leave. The probe came af...

01/23/2024

https://jeffnewmanlaw.com/fromer-whittier-health-clinic-ceo-sentenced-to-more-than-10-years-in-prison-for-scheme-to-defraud-medi-cal/

The former president and CEO of a Whittier medical clinic was sentenced today to 124 months in federal prison for submitting fraudulent billings to a Medi-Cal health care program that provides family planning services to low-income Californians who lack health insurance. Vincenzo Rubino, 59, of Vale...