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Criminal Probe

US launches criminal probe into bitcoin price manipulation: Bloomberg

WASHINGTON: The US Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported on Thursday. The investigation concerns illegal practices that can influence prices such as spoofing, or flooding the market with fake orders to trick other traders, Bloomberg said, citing four people familiar with the matter. Federal prosecutors are working with the Commodity Futures Trading Commission (CFTC), the report added. Neither the…

US judge calls for criminal probe into trade secrets theft raised in Uber case

WASHINGTON: A US judge on Thursday called for an investigation into allegations of trade secret theft that were raised in a court battle between Silicon Valley giants Uber and Alphabet over their rival self-driving car programs. US District Judge William Alsup in San Francisco also partially granted Alphabet's self-driving Waymo unit's bid for an injunction against Uber's self-driving efforts, and rejected Uber's arguments that Waymo's trade secret allegations should proceed in private arbitration. The rulings are a…

Israel’s attorney-general orders criminal probe against PM Netanyahu: TV

JERUSALEM: Israel's attorney-general has ordered police to open a criminal investigation in two unspecified matters involving Prime Minister Benjamin Netanyahu, Israel's Channel 10 television said on Wednesday. A Justice Ministry spokeswoman said in a statement that checks in the matter "are still ongoing and this is neither confirmation or denial of what has been alleged". "The attorney-general, the police and prosecutors are working in close cooperation and a public announcement will be made in due course about the…

South Korea president’s impeachment vote delayed

SEOUL: An impeachment vote against South Korea's scandal-hit president will be postponed by at least a week, lawmakers said Wednesday, after Park Geun-Hye announced she was willing to stand down early. Lawmakers from Park's own party had backed moves to impeach her this Friday, but now want the issue discussed in parliament before holding a vote, likely to be scheduled a week later. The presidential Blue House also said Park would cooperate with a new round of investigations into the scandal, submitting herself to…