Shares of Lordstown Motors have plunged roughly 50% since the electric vehicle company went public via a SPAC in October.
In March, short seller Hindenburg Research published allegations that Lordstown had fabricated preorder numbers for its electric truck to generate hype.
The US Securities and Exchange Commission first requested information from Lordstown in February and has issued subpoenas regarding the company’s move to go public and its representations about preorders. Lordstown Motors has said it is cooperating with the SEC’s investigation.
Cybersecurity mogul and former presidential candidate John McAfee is facing a variety of charges brought by the US Department of Justice, according to a newly unsealed indictment.
McAfee is being charged on a range of offenses, “stemming from two schemes relating to the fraudulent promotion to investors of cryptocurrencies qualifying under federal law as commodities or securities,” the DOJ statement published Friday said.
More specifically, McAfee and a colleague “allegedly raked in more than $13 million from investors,” Manhattan US Attorney Audrey Strauss said, through a variety of means related to cryptocurrency: A so-called “pump and dump” scheme, the indictment said, and undisclosed agreements to promote certain currencies for compensation.
“The defendants allegedly used McAfee’s Twitter account to publish messages to hundreds of thousands of his Twitter followers touting various cryptocurrencies through false and misleading statements to conceal their true, self-interested motives,” Strauss said.
If found guilty, McAfee faces a potential maximum prison sentence that would amount to a life sentence.
McAfee has over 1 million Twitter followers, and remains active on the social media platform – even though he’s currently imprisoned in Spain due to the prior tax evasion charges. In his profile, McAfee described himself as an, “Iconoclast,” and a, “Lover of women, adventure and mystery.”
McAfee didn’t respond to a request for comment as of publishing.
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A former member of the New York Police Department appeared in court Tuesday to face charges that he assaulted a police officer with a dangerous weapon during the January 6 riot at the US Capitol.
According to a criminal complaint, Thomas Webster, who was arrested Monday, was carrying a metal flagpole with a US Marine Corps flag on it when he began verbally harassing a member of the Metropolitan Police Department, declaring him a “commie” and a “piece of shit.”
Then, prosecutors say, Webster shoved a metal gate into the man and then lunged at him, “striking at the officer with the flagpole numerous times.”
“You can see him ripping the officer’s protective gear off, the gas mask or the helmet that he was wearing at the time, which … caused the police officer to choke. It cut off his air at least for a short period of time,” Assistant US Attorney Benjamin Gianforti said Tuesday, the Associated Press reported.
The actions were caught on body camera footage. Prosecutors say Webster can also been seen on a YouTube video in restricted grounds at the US Capitol. “Send more patriots,” the man in the video states. “We need some help.”
Webster, who runs a landscaping company, was identified with screenshots from the video by an administrator at his children’s high school, according to the complaint.
If convicted, he could face more than a decade behind bars.
Webster is currently being held without bail until his next court appearance on March 3, with US Magistrate Judge Andrew E. Krause calling the video footage he reviewed “disturbing” and “well beyond First Amendment speech.”
His lawyer, James Monroe, said he intends to plead not guilty.
More than 250 people have now been charged in connection with the violence on January 6.