Month: July 2022

Bornstein Law Release: How many days does it take to count to three? It’s not ten for non-payment of rent cases in San Francisco

Our industry partners successfully argued in court that San Francisco’s ordinance requiring a 10-day warning period for non-payment of rent violates state law. Yet challenges remain.  In February, the San Francisco Board of Supervisors unanimously voted to enact Ordinance No. 18-22, which became effective on March 14. Essentially, it elongated the eviction process by requiring landlords …

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Titanium Blockchain CEO Pleads Guilty to Cryptocurrency Fraud Charges

The CEO of Titanium Blockchain Infrastructure Providers (TBIS) has pleaded guilty to charges of securities fraud after utilizing ‘false and deceptive statements’ to persuade buyers to purchase unregistered cryptocurrency tokens. Michael Alan Stollery, 54, of Reseda, California, admitted his function in a cryptocurrency fraud scheme involving TBIS’s preliminary coin providing (ICO) that raised round $21 million from …

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Rise of Financial Crime in the NFT Market Elicits New Scrutiny from Regulators

With the enduring popularity of certain NFTs and the promise of their use in the metaverse and beyond, the hype around the new technology has been accompanied by rising concerns over NFTs being the centerpiece of traditional financial crimes like money laundering and wire fraud.  For example, on June 30th, 2022 the Justice Department indicted six …

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A Trademark Guide to the Metaverse for Averse Brand Owners

Introduction Recent technological developments have made topics like the metaverse, Web3, blockchain, and non-fungible tokens (NFTs) commonplace. But nothing about these topics is common. They raise complex questions — technological, legal, financial, and cultural in nature — that cannot be easily answered. While the contours are under construction, the vision for these technologies, especially for …

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FEMA flood program could violate civil rights law

Politico write.. Federal programs that have elevated thousands of U.S. homes above floodwaters may violate civil rights law by shutting out many homeowners who are Black or Hispanic or who have low incomes. The Stafford Act, a 1988 federal law that authorizes the president to send state and local governments aid following disasters, requires that …

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