Federal prosecutors notified former President Donald Trump’s attorneys that he is the target of an investigation into his handling of classified materials seized in August 2022 from his Mar-a-Lago estate in Florida, adding to his legal troubles as he campaigns for the White House in 2024. The Justice Department typically notifies people when they become targets of an investigation, but it does not necessarily mean Trump will be charged. Read more about the former president’s legal woes.
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A ruling in a case brought by investors in a now-worthless crypto token is a warning to celebrities and social media influencers like reality star Kim Kardashian: If you’re paid to hype a dicey investment to your followers, you may be liable when they take your advice. U.S. District Judge Michael Fitzgerald of Los Angeles refused to toss California unfair competition claims against Kardashian, boxing champion Floyd Mayweather and NBA hall-of-famer Paul Pierce for their allegedly deceptive promotion of EthereumMax tokens in the midst of the 2021 crypto boom. Hyping a crypto token without disclosing you’ve been paid to do so or without having any legitimate basis to believe in the token’s value “is an unscrupulous and thereby unfair practice,” the judge said. Alison Frankel has the details on the new ruling, which reverses the judge’s dismissal last December of a previous version of the investor lawsuit filed by Scott + Scott.
Check out other recent pieces from all our columnists: Alison Frankel, Jenna Greene and Hassan Kanu
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