Indictment of Indian Billionaire Gautam Adani

Indian billionaire Gautam Adani has been indicted in the U.S. for securities fraud and conspiracy related to his solar energy project in India, involving an alleged bribery scheme to secure contracts and financing. Adani and his co-defendants are accused of duping investors by misrepresenting the project while paying bribes to government officials. The case also includes civil actions by the U.S. SEC seeking penalties and sanctions.

Ozy Media Fraud Case

Ozy Media and founder Carlos Watson convicted of fraud for lying to investors about company's finances and sham deals with Google and Oprah Winfrey. Company falsified information, fabricated contracts, and inflated earnings projections. Watson pleaded not guilty but former deputies testified against him. Ozy imploded in 2021 after news reports questioned audience numbers and revealed executive impersonated YouTube executive during call with Goldman Sachs bankers.

U.S. Supreme Court ruling on SEC and jury trials for securities fraud cases

U.S. Supreme Court rules that SEC must bring cases for securities fraud to federal court for a jury trial, invalidating its own in-house proceedings. Justice Sotomayor dissents, warning about the threat to separation of powers. Legal experts discuss the implications for administrative agency tribunals.

Texas Attorney General Ken Paxton Plea Deal in Securities Fraud Case

Texas Attorney General Ken Paxton reached a plea deal with prosecutors in a securities fraud case, agreeing to pay restitution, do community service, and take legal ethics classes. Charges will be dismissed if he fulfills the terms.

Resolution of Ken Paxton's Securities Fraud Charges

Texas Attorney General Ken Paxton is close to resolving 9-year-old securities fraud charges through a special agreement with prosecutors that may include community service, legal education classes, restitution, and no formal plea; he could have faced up to 99 years in prison if convicted.