Regulators may be skeptical of the burgeoning ICO market, where outright fraud isn’t uncommon, but that isn’t stopping some of the world’s largest audit and consulting firms from trying to win their business.
The Brooklyn prosecutors who won a guity verdict against former pharmaceutical CEO Martin Shkreli over the summer are demanding the “Most Hated Man in America” forfeit $7.4 million in cash and assets as part of his punishment.
In order to do this, Bloomberg says Shkreli will likely need to surrender the $5 million bail he posted in late 2015, and the one-of-a-kind Wu Tang Clan album he purchased for more than $2 million shortly before his former company, Turing Pharmaceuticals, was exposed for hiking the price of Daraprim, a live-saving AIDS drug, by 5,000%.
Volatility Index Futures (VX)
VIX futures spiked up to 13.47 during the session before reversing 12% lower and closing back down at 11.88. Today's 13.47 intraday high was just:
Authored by Lance Roberts via RealInvestmentAdvice.com,
In her last testimony before Congress as head of the Federal Reserve, Janet Yellen made a curious statement: