Monthly Archives: April 2022

UK Adopts Beneficial Ownership of Foreign Property Law

Posted by admin & filed under Investment in the UK, Loans.

On March 15, 2022, the United Kingdom adopted the Economic Crime (Transparency and Enforcement) Act of 2022 (the “Act”). The Act is lengthy (and this summary is qualified by reference to the entire Act) and imposes a sea change in the disclosure of the ownership of foreign property in the United Kingdom. Among other things,… Read more »

DOJ Brings Charges in First NFT Fraud Case

Posted by admin & filed under Cryptocurrencies, Investment in United States.

The U.S. Department of Justice (the “DOJ’) has charged two individuals with a conspiracy to defraud investors in non-fungible tokens (“NFTs”) in which they abandoned the scheme and made off with the money invested (a “rug-pull”) shortly after it was invested. NFTs are digital assets recorded on a blockchain, a decentralized digital ledger. The advertised… Read more »