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July 26, 2019 02:01 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/c_oVaKihMH0/the-fbi-is-investigating-long-island-iced-teas-blockchain-pivot
The FBI Is Investigating Long Island Iced Tea's BlockChain Pivot
Beverage firm Long Island Iced Tea -- now known as Long Blockchain -- is being investigated by the U.S. Federal Bureau of Investigation for insider trading and securities fraud. From a report: Court records show that the FBI is investigating suspicious dealings that date back to December 2017 -- around the time when the beverage company changed its name and shifted its "primary corporate focus" from selling sweetened iced tea to blockchain. The company's stock shot up by almost 300 percent after it announced the pivot in late 2017. The FBI is focusing in on secretive phone message conversations about Long Island Iced Tea between two men, Oliver Lindsay and Gannon Giguiere, who were previously arrested for securities fraud related to a different company.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/c_oVaKihMH0/the-fbi-is-investigating-long-island-iced-teas-blockchain-pivot
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