Salem Radio Network News Friday, August 19, 2022

Science

U.S. charges former Coinbase product manager over insider trading scheme

NEW YORK (Reuters) – A former product manager at cryptocurrency exchange Coinbase Global and two others have been charged with wire fraud in connection with an insider trading scheme, U.S. prosecutors said on Thursday.

Ishan Wahi, the product manager, and Nikhil Wahi were arrested in Seattle on Thursday. The pair – as well as a third defendant, Sameer Ramani, who remains at large – also face charges from the U.S. Securities and Exchange Commission.

(Reporting by Jonathan Stempel and Luc Cohen in New York)

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