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Former Internet Technology Manager Sentenced to 3 Years

February 3, 2015
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Maxim Chukharev, a former IT manager for Liberty Reserve, was sentenced to three years last month, after pleading guilty at the end of last year to “conspiring to operate an unlicensed money transmitting business.”  The charge is one commonly brought against intermediary businesses used to money laundering by […]

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Feds Prosecuting Market Manipulation Via “Layering” or “Spoofing”

February 1, 2015
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Last month, the Department of Justice issued a press release announcing its first prosecution of “Layering,” also known as “spoofing.” According to the press release:

Layering, also known as “spoofing,” is a form of manipulative, high-speed stock trading in which a trader places non-bona fide orders […]

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BOE Highlights Crackdown on Sales Suppression Software

January 13, 2015
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California’s Board of Equalization issued a Special Notice in the latter part of 2014 making it clear that they were interested in prosecuting sales suppression cases.  The relevant text of the BOE Special Notice is below:
What is sales suppression software?

Sales suppression software, often called “zappers […]

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Welcome to the Steven W. Kerekes Blog – A Business, Real Estate & International Attorney Pasadena Blog

October 16, 2014
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The Offices of Steven W. Kerekes is a firm serving Pasadena and surrounding San Gabriel Valley areas. In this blog, we will post business, real estate, and international legal news that is of interest to our clients.
For more information on our firm, read about our Business, Real […]

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