Author Archives: Shams

Should you invest in crypto-currencies?

In a recent blog post IMF Chief Christine Lagarde wrote, crypto-currencies ‘are typically built in a decentralized way and without the need for a central bank. This gives crypto-asset transactions an element of anonymity’. It’s bad as it opens ways for ‘money laundering and the financing of terrorism’. (more…)

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Massive Fraud Charge Against Theranos CEO Elizabeth Holmes and former President Balwani

Statement from SEC reads: „The Securities and Exchange Commission today charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance.“ (more…)

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