After Crypto Money Piled into Campaign Coffers of Senators Lummis and Gillibrand, They Introduced a Sweetheart Legislative Bill for Crypto

By Pam Martens and Russ Martens: June 20 , 2022 ~

On June 7, Senator Kirsten Gillibrand, a Democrat from New York who sits on the Senate Agriculture Committee which oversees commodities, and Senator Cynthia Lummis, a Republican from Wyoming who sits on the Senate Banking Committee which oversees Wall Street and trading, introduced a bill as an early Christmas present to the crypto industry. It carries the Alice in Wonderland title of the Responsible Financial Innovation Act.

After Crypto Money Piled into Campaign Coffers of Senators Lummis and Gillibrand, They Introduced a Sweetheart Legislative Bill for Crypto

Redditors Are Furious at the SEC’s New Ad Campaign Portraying them as Idiot Investors

By Pam Martens and Russ Martens: June 2, 2022 ~

Redditors at the subreddit Superstonk are posting obscenities directed at Gary Gensler, Chair of the Securities and Exchange Commission (SEC), over the new ad campaign from the SEC that appears to target young Reddit investors as fools that do no research before investing, lose all their money, and deserve a whipped-cream pie in the face. (Yes, a young investor actually gets a whipped-cream pie in the face during two of the ads. See videos below.) CNBC ran one of the new SEC ads yesterday.

Redditors Are Furious at the SEC’s New Ad Campaign Portraying them as Idiot Investors

Operation Hidden Treasure Is Here. If You Have Unreported Crypto, Get Legal Advice

Yes, you read that right. Do not talk to your accountant about past compliance mistakes. You do not share the attorney-client privilege with your accountant. Your accountant may be asked to testify against you, may be forced to testify against you in court, or may be forced to share information about you with investigators. Only an attorney can have confidential communications with you that will remain protected from disclosure by the attorney-client privilege. I’ve encountered several situations in my career as a criminal and civil tax defense lawyer where the accountant was put in an extremely difficult position because the client later “confessed” to something that he or she did wrong, or – even worse – told the accountant half the truth about the problem, and half a lie. Taxpayers can’t confess crimes to their accountant and keep that secret, because the accountant isn’t able to prevent the government from compelling documents or testimony about those communications.

Tampa teen accused of being ‘mastermind’ behind Twitter hack that targeted high-profile accounts

Tampa teen accused of being ‘mastermind’ behind Twitter hack that targeted high-profile accounts

A Tampa teenager is in jail, accused of being the “mastermind” behind a hack on the social media website Twitter that caused limited access to the site and high-profile accounts, according to jail records and the Hillsborough State Attorney’s Office.