Bitcoin money laundering is a classically dumb crime

Laundering money through bitcoin is a bad idea—not only because it’s illegal, but also because it leaves a permanent trail. Defendants have repeatedly been undone because they’ve relied on the cryptocurrency for some part of their nefarious activities. Sometimes,...

Banking Regulator Rebukes Wells Fargo’s HR Operations

OCC cited backlog of employee complaints and compensation structures that don’t do enough to prevent wrongdoing Wells Fargo & Co.’s principal regulator has said the bank has a massive backlog of employee human-resources complaints and poor controls around pay, a...

Red Flags for Robinhood

Stop me if you’ve heard this one: A tech startup raises buckets of money at a crazy valuation but then struggles to turn a profit. Along the way investors discover the startup doesn’t belong to the high-margin world of tech companies at all, but is instead grinding it...