SEC charges founder of former mobile payments unicorn Mozido with fraud

SEC charges fintech company founder with scheme to defraud investors and misappropriate funds — US Securities and Exchange Commission — “The Securities and Exchange Commission has charged Michael Liberty, the founder of the fintech startup now known as Mozido Inc, with a scheme to trick hundreds of investors into investing in his shell companies instead of Mozido. Liberty and his accomplices then allegedly stole most of the more than US$48m raised to fund a lavish lifestyle that included private jet flights, multi-million dollar residences, expensive cars, and movie production ventures.”


USA Technologies files for proposed public offering

USA Technologies files for proposed public offering — PARTNER NEWS — “USA Technologies Inc (USAT), a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, today filed a registration statement on Form S-1 with the US Securities and Exchange Commission for a proposed underwritten public offering of its common stock consisting of approximately $34.5 million of shares to be sold by USAT.”





SEC filing triggers speculation on iPhone 5 with NFC

Apple and AuthenTec

Examination of a proxy statement filed with the US Securities and Exchange Commission by Authentec, linked to Apple’s recent bid to acquire the firm for US$356m, has led to renewed speculation that the next iPhone will include an NFC-enabled version of the Apple Passbook mobile wallet app announced in June... More


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