Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million. A man at the center of a massive crypto Ponzi scheme will spend nearly eight years behind bars after a federal judge handed down a 97-month prison sentence in Brooklyn on Friday. Dwayne Golden, 57, was convicted of wire fraud and money laundering for his role in orchestrating scams through three digital asset firms, EmpowerCoin, ECoinPlus, and Jet-Coin, which defrauded investors out of more than $40 million, the Department of Justice (DOJ) announced. Federal prosecutors said Golden and his partners promised guaranteed returns from crypto trading that never took place. Instead, funds were funneled into repaying earlier investors or lining the conspirators’ pockets, classic hallmarks of a Ponzi scheme. Read more
• CB’s ruling overturns SC’s July 12, 2024 majority judgement; restores Peshawar High Court’s original verdict • Seven judges accept review petitions by ECP, PML-N et al; three judges ‘partially allow’ them • 77 reserved seats in national and provincial assemblies will be distributed among other parties • Ruling coalition can now comfortably achieve two-thirds majority in NA ISLAMABAD: The Constitutional Bench (CB) on Friday overturned the Supreme Court’s earlier judgement in the reserved seats case — effectively taking away reserved seats from the PTI and handing them to their rival parties in the national and provincial legislatures. The decision, handed down by a majority of seven judges, supersedes the July 12, 2024 majority judgement by eight judges, which had declared the Pakistan Tehreek-e-Insaf (PTI) eligible for reserved seats for women and non-Muslims in the assemblies. “[B]y majority of seven namely Justice Amin-ud-Din Khan, Justice Musarrat Hilali, Justice Naeem Akhter Afghan, Justice Shahid Bila...