Session 3: So Many Crypto Crimes, So Little Time: Previous and Likely Future Crypto Litigation
Cryptocurrency Litigation Trends from Fraud/Misrepresentation, Money Laundering and Theft, to Market Manipulation
Session 3: So Many Crypto Crimes, So Little Time: Previous and Likely Future Crypto Litigation
Cryptocurrencies, like sovereign currencies, may be used to facilitate fraud (of various kinds), mislead investors, manipulate markets, launder assets, evade taxes, among others, but cryptocurrencies have their own unique set of risks and potential legal challenges (such as hacking and electronic “wallet” theft, violation of initial coin offering memoranda or prospectus, inappropriate protection in crypto lending/rehypothecation, failure of an ETF to replicate or track a cryptocurrency or cryptocurrency index/basket, breaches of fiduciary responsibility, cross-border issues, and so on).
There is not even a consensus among regulators in the United States (SEC, CFTC) and in Europe (MiCAR) regarding whether crypto is a security and therefore who should regulate it.
In this final presentation in our crypto series, join AACG’s Dr. Timothy Weithers and Dr. Pavithra Kumar as they enumerate instances where cryptocurrencies have already encountered legal challenges, and attempt to shed light on what future court cases might entail.
Advanced Analytical Consulting Group (AACG) has has experts in finance, economics, econometrics and computing who have testified in state and federal courts for and against the Securities Exchange Commission and the Internal Revenue Service in the US and internationally.
About the Presenters:
Dr. Timothy Weithers has worked for over 30 years in the financial industry, mainly at trading firms and investment banks; he was a Managing Director at UBS and has a close practical knowledge of financial markets and products.
His areas of expertise include foreign exchange, derivatives, economics and finance. He taught at the graduate level at Fordham University and in The University of Chicago’s Financial Mathematics Program. He received his PhD in Mathematical Economics from The University of Chicago.
Dr. Weithers has an affiliation with AACG and has often testified as an expert witness in Federal Court and Federal Tax Court.
Dr. Pavithra Kumar, Principal of Advanced Analytical Consulting Group, specializes in the application of economic and financial theory to questions arising in complex securities and finance litigation. She has expertise in securities class actions, structured finance disputes, damages quantification and valuation, and is proficient in the use of sophisticated statistical modeling and econometric techniques, including event studies and market efficiency analyses. She has been engaged as an expert in securities, damages and valuation-related matters. She is a PhD in Finance from the MIT Sloan School of Management.
