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SEC Settles Fraud Charges Against Ideanomics and Executives

Aug 9, 2024, 09:04 PM

The U.S. Securities and Exchange Commission (SEC) has settled fraud charges against Ideanomics Inc., formerly known as Seven Stars Cloud Group Inc., and several of its executives. The charges include misleading the public about the company's financial performance. Among those charged are former Chairman Bruno Wu and CEO Alf Poor. The charges were part of a broader investigation into the company's practices, which had been previously highlighted in reports by Hindenburg Research.