Visa’s Planned $5.3B Purchase of Fintech Firm Plaid Challenged by US DOJ
The Justice Department alleges Visa’s acquisition of Plaid would eliminate competition in the online debit market, leading to higher prices.
The hackers allegedly stole over $1.3 billion overall through various schemes.
Stephen Defiore was allegedly paid to transfer cellphone accounts to ones owned by a co-conspirator.
According to the indictment, Kristijan Krstic founded two digital-asset investment platforms that fraudulently induced investors to buy securities in the form of investment contracts.
The Department of Justice announced Tuesday the deal is off.
Jose Angel Aman, charged with operating the fraudulent investment scheme, was sentenced to serve six years in federal prison and pay over $23 million in victim restitution by a federal court in Florida.