Wednesday - October 23, 2024
News Tipoffs - Massachusetts Editors Newsletter for Wednesday October 16, 2024 ( 15 items )  

Attorney General's Office Seeks Community Feedback To Inform Drafting Of Assisted Living Residences Regulations
BOSTON, Massachusetts, Oct. 16 -- Massachusetts Attorney General Andrea Joy Campbell issued the following news release on Oct. 15, 2024: The Massachusetts Attorney General's Office (AGO) is seeking public feedback to inform drafting consumer protection regulations for assisted living residences in Massachusetts. Members of the public can provide comments to the AGO through an online form, available here (https://massgov.formstack.com/forms/community_feedback_on_ago_assisted_living_residences).   more

Census Bureau Issues Working Paper Entitled 'A Decade of Change - Health Insurance Coverage of Working-Age Adults by State in 2013, 2019, 2023'
WASHINGTON, Oct. 15 -- The U.S. Census Bureau issued the following working paper (No. SEHSD-WP-2024-25) on Sept. 12, 2024, entitled "A Decade of Change: Health Insurance Coverage of Working-Age Adults by State in 2013, 2019, 2023." The paper was written by Kelly Holder, Caitlin Carter and Douglas Conway. Here are excerpts: * * * 1. Introduction Signing up for health insurance coverage is often a complex process and requires the applicant to meet specific eligibility criteria. Some employers  more

ERO Boston arrests Dominican national convicted of drug charges in Massachusetts
WASHINGTON, Oct. 15 -- The U.S. Department of Homeland Security's Immigration and Customs Enforcement issued the following news release: BOSTON Enforcement and Removal Operations Boston apprehended an unlawfully present 33-year-old Dominican national charged with assault and battery on a household member, destruction of property, indecent exposure, carjacking, two counts of trafficking a controlled substance, and assault and battery with a dangerous weapon. Officers with ERO Boston arrested Lui  more

FinCEN Renews Real Estate Geographic Targeting Orders
WASHINGTON, Oct. 16 -- The U.S. Department of the Treasury Financial Crimes Enforcement Network issued the following news release on Oct. 15, 2024: The Financial Crimes Enforcement Network (FinCEN) today announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate. The terms of the GTOs are effective beginning October 16, 2024, and endi  more

Healey-Driscoll Administration Announces More Than $21 Million in Tax Incentives for 19 Massachusetts Life Sciences Companies
BOSTON, Massachusetts, Oct. 16 -- Gov. Maura Healey, D-Massachusetts, issued the following news release on Oct. 15, 2024: * * * Massachusetts Life Science Center Incentives expected to create 1,155 new life sciences jobs; Since MLSC's inception, Tax Incentive Program has helped create over 18,000 jobs * * * The Healey-Driscoll Administration and the Massachusetts Life Sciences Center (MLSC) announced $21.4 million in tax incentive awards to 19 life sciences companies. The awards, provided th  more

Litigation: SEC Charges North Carolina Resident With Insider Trading in Massachusetts-Based Biopharmaceutical Company
WASHINGTON, Oct. 16 -- The Securities and Exchange Commission issued the following litigation release (No. 1:24-cv-12621; D. Mass. filed Oct. 15, 2024) involving Matthew Groom: * * * The Securities and Exchange Commission filed insider trading charges today against North Carolina resident Matthew Groom, who allegedly avoided losses of about $13,000 by trading in advance of the May 3, 2022 announcement by the Cambridge, Massachusetts-based biopharmaceutical company Spero Therapeutics, Inc. that  more

Litigation: SEC Charges Promoter in Crackdown on Manipulation of Crypto Assets Offered, Sold as Securities
WASHINGTON, Oct. 16 -- The Securities and Exchange Commission issued the following litigation release (No. 1:24-cv-12588-AK; D. Mass. filed Oct. 9, 2024) involving Vy Pham: * * * The Securities and Exchange Commission announced fraud charges against Vy Pham, a resident of California, for engaging in schemes to manipulate the markets for two crypto assets, "Saitama Inu" and "Robo Inu," being offered and sold as securities to retail investors. As alleged, the schemes were intended to induce inve  more

Litigation: SEC Vs. CLS Global FZC, Andrey Zhorzhes
WASHINGTON, Oct. 16 -- The Securities and Exchange Commission issued the following litigation release (No. 1:24-cv-12590-AK; D. Mass. filed Oct. 9, 2024) involving CLS Global FZC LLC and Andrey Zhorzhes: * * * SEC Charges So-Called Market Maker and Its Employee in Crackdown on Manipulation of Crypto Assets Offered and Sold as Securities * * * The Securities and Exchange Commission announced fraud charges against United Arab Emirates entity CLS Global FZC LLC, a self-proclaimed crypto asset m  more

Litigation: SEC Vs. Gotbit Hedge Fund, Fedor Kedrov
WASHINGTON, Oct. 16 -- The Securities and Exchange Commission issued the following litigation release (No. 1:24-cv-12589-AK; D. Mass. filed Oct. 9, 2024) involving Gotbit Consulting LLC aka Gotbit Hedge Fund and Fedor Kedrov: * * * SEC Charges So-Called Market Maker and Its Employee in Crackdown on Manipulation of Crypto Assets Offered and Sold As Securities * * * The Securities and Exchange Commission announced fraud charges against Belize entity Gotbit Consulting LLC a/k/a Gotbit Hedge Fun  more

Litigation: SEC Vs. Russell Armand, Maxwell Hernandez, Manpreet Singh Kohli, Nam Tran
WASHINGTON, Oct. 16 -- The Securities and Exchange Commission issued the following litigation release (No. 1:24-cv-12586-AK; D. Mass. filed Oct. 9, 2024) involving Russell Armand, Maxwell Hernandez, Manpreet Singh Kohli, and Nam Tran: * * * SEC Charges Four Promoters in Crackdown on Manipulation of Crypto Assets Offered and Sold as Securities * * * The Securities and Exchange Commission announced fraud charges against four individuals for engaging in schemes to manipulate the markets for two  more

Litigation: SEC Vs. ZM Quant Investment, Baijun Ou, Ruiqi Lau
WASHINGTON, Oct. 16 -- The Securities and Exchange Commission issued the following litigation release (No. 1:24-cv-12587-AK; D. Mass. filed Oct. 9, 2024) involving ZM Quant Investment Ltd., Baijun Ou aka Eric Ou, and Ruiqi Lau aka Ricky Liu: * * * SEC Charges So-Called Market Maker and Two Employees in Crackdown on Manipulation of Crypto Assets Offered and Sold as Securities * * * The Securities and Exchange Commission announced fraud charges against British Virgin Islands-registered entity   more

NSF congratulates laureates of the 2024 Nobel Prize in economics
WASHINGTON, Oct. 15 (TNSres) -- The National Science Foundation issued the following news release: The U.S. National Science Foundation congratulates Daron Acemoglu and Simon Johnson of the Massachusetts Institute of Technology and James A. Robinson of the University of Chicago as the 2024 recipients of the Nobel Prize in economics formally the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for studies on how societies form political and economic institutions that affect  more

President Biden Announces Key Appointments to Boards, Commissions on Oct. 15, 2024
WASHINGTON, Oct. 16 -- The White House issued the following news release on Oct. 15, 2024: Today, President Joe Biden announced his intent to appoint the following individuals to serve in key roles: * Michael Guest, to be a Member of the Commission on Reform and Modernization of the Department of State * Pamela Spratlen, to be a Member of the Commission on Reform and Modernization of the Department of State * Caroline Tess, to be a Member of the Commission on Reform and Modernization of the   more

Three Lawrence Men Arrested On Drug Charges
BOSTON, Massachusetts, Oct. 15 -- The U.S. Department of Justice Drug Enforcement Administration's New England Division issued the following news release: BOSTON Three Lawrence men have been arrested for conspiracy to distribute and possess with intent to distribute drugs. Ronald Odelyn Tejeda, 38; Erick Pimentel-Cabrera, 27; and Carlos M. Rodriguez, 36, have been charged with conspiracy to distribute and to possess with intent to distribute controlled substances. Pimentel-Cabrera and Rodrigue  more

USDA Makes Indemnity Payments to Producers Impacted by Hurricane Helene
WASHINGTON, Oct. 15 -- The U.S. Department of Agriculture issued the following news release: Agriculture Secretary Tom Vilsack today announced additional assistance from the U.S. Department of Agriculture (USDA) to help producers impacted by Hurricane Helene in the recovery process. USDA is announcing the counties that have triggered for payment under the Hurricane Insurance Protection-Wind Index (HIP-WI) endorsement for Hurricane Helene. As a result, Approved Insurance Providers (AIP) have 30   more