Loading...
Market
What executive leadership changes will occur at Bit Mining Ltd by end of 2024 due to the bribery case?
2
Bit Mining Ltd•SEC•Department of Justice•DOJ•Foreign Corrupt Practices Act•FCPA•Chinese•Japanese•Bit Mining
Resolution / Starting Odds
New CEO appointed • 25%
New board members appointed • 25%
No significant changes • 25%
Other leadership changes • 25%
Official announcements from Bit Mining Ltd
Story
Bit Mining, Formerly 500.com, Fined $10 Million by DOJ and SEC for $2.5 Million Bribes to Japanese Officials
Nov 19, 2024, 12:29 AM
Bit Mining Ltd, formerly known as 500.com, has agreed to pay a $10 million penalty to settle charges brought by the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) for violating the Foreign Corrupt Practices Act (FCPA). Between 2017 and 2019, while still operating as a Chinese lottery company, the company engaged in a bribery scheme involving $2.5 million in payments, including trips, cash, and entertainment, to Japanese government officials—including members of parliament—to secure a casino development project. The DOJ has indicted the former CEO of Bit Mining for his role in the bribery scheme. The company has entered into a deferred prosecution agreement to resolve the foreign bribery investigation.
View original story
Similar markets
Found guilty • 25%
Found not guilty • 25%
Case dismissed • 25%
Ongoing investigation • 25%
CEO resigns • 25%
Board member changes • 25%
No changes • 25%
Other executive changes • 25%
Yes • 50%
No • 50%
Gautam Adani • 25%
Sagar Adani • 25%
Vneet S. Jaain • 25%
No resignation • 25%
President Junichi Hanzawa steps down • 25%
Other senior management changes • 25%
No changes in leadership • 25%
Board of directors changes • 25%
Resignation • 25%
Termination • 25%
Remains in position • 25%
Other • 25%
Howard Lutnick steps down • 25%
Other executive changes • 25%
No changes • 25%
Other outcome • 25%
CEO steps down • 25%
CISO steps down • 25%
Other executive changes • 25%
No executive changes • 25%
CEO Resignation • 25%
Board Reshuffle • 25%
No Change • 25%
Other • 25%
CEO change • 25%
Trust & Safety team changes • 25%
No significant changes • 25%
Other leadership changes • 25%
Sam Altman steps down • 25%
Greg Brockman steps down • 25%
Both step down • 25%
No changes • 25%
CEO steps down • 25%
Other executive changes • 25%
No leadership changes • 25%
Board changes • 25%