Posted by Enerd Pani. During the beginning of October, there was a vast change where control of the internet source code was transported from the United States, to what most likely will be the United Nations. The result is that countries not only in Europe, but all over the world can vie for control of …
Author Archives: blogbusinesslaw
Russia Archives – Blog Business Law – a resource for business law students
Posted by He Yin. Since the beginning of 2017, the combined market value of all encrypted currencies has risen from $17.7 billion to nearly $836 billion on January 5, 2018, more than 4,500% in more than a year. In such a short time, no investor has ever seen a significant appreciation of such an asset …
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Cristiano Ronaldo, Jose Mourinho Caught up in Spain Tax Scandal
Posted by Faris Alzahrani. On June 20th Christiano Ronaldo was accused by the government prosecutor for evading tax four times amounting to $16.5 million. Ronaldo was investigated and was expected to appear before Pozuelo de Alarcon court No. 1 on July 31. His summoning accorded with the same prosecutor who indicted Mourinho for evading tax …
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Wells Fargo – Pressure From the Top Down
Posted by Anna Fintor. Wells Fargo is currently involved in a legal scandal in which it is said to have opened bank accounts and credit cards without the costumer’s consent. According to Reuters, “The U.S. Consumer Financial Protection Bureau and other regulators ordered United States’ third-largest bank by assets to pay $190 million in fines …
Crowdfunding Regulation: Too Much or Too Little?
Posted by Abigail Murphy. A way to raise money, fund a project, or venture from a large number of people for a small startup in the earliest stage money sounds simple. Not so much. Every so often, there are crowdfunding campaigns gaining popularity via Facebook newsfeed, twitter feed, and emails. These campaigns come with issues …
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Erin Andrews Lawsuit
Posted by Dalton Soffer. Erin Andrews, a sportscaster who has worked for ESPN and currently for FOX, was recently awarded $55 million by a Nashville jury for her civil lawsuit against a Nashville, Tennessee hotel owner and her stalker Michael David Barrett. In 2008 Barrett used a hacksaw to tamper with Andrews’ peephole and secretly …
Bitcoin Regulation
Posted by Yacheng Xu. Federal Reserve Bank of New York President William Dudley “warned that investing in privately issued digital money such as bitcoin could end in big financial losses for those involved.” He opined, “There is a bit of a, I would say, speculative mania around cryptocurrencies in terms of their valuations, which I …
FTC Archives – Blog Business Law – a resource for business law students
Posted by Masood Mohayya. In Fall 2015, TaxSlayer, a web-based tax preparation service, fell victim to a data breach, specifically a credential-stuffing attack. Due to a security flaw, the cyber-attackers were able to gain access to almost 9000 TaxSlayer accounts, which provided them the highly-sensitive data (including social security numbers, bank accounts, and credit card information) …
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Trump Reveals Tax Plan
Donald Trump’s tax plan will make it more simple to pay the government. There are four tax rates under the plan: 25%, 20%, 10% and 0%, eliminating most deductions. The death tax will be eliminated. According to the website, “The Trump plan eliminates the income tax for over 73 million households. 42 million households that …
Tom Brady’s Suspension
Posted by Mike Bocchino. Tom Brady has been accused of knowing about his team deflating footballs in the 2015 AFC championship game against the Indianapolis Colts. The footballs’ air pressure had been significantly reduced to a point where other players could tell the difference. The NFL commissioner, Roger Goodell, investigated and suspended Brady for knowing about …