investor

The firm misappropriated over $11 billion of funds that belonged to customers, investors and lenders, The Associated Press reported.

Earlier this year, Paul announced a partial compensation scheme for disappointed investors.

Reaction was swift — and divided — over McMahon, who is said to have wanted the job of Commerce secretary but lost out to Wall Street investor Howard Lutnick.

Federal prosecutors, in an indictment unsealed Tuesday, accused Joanna Smith-Griffin of defrauding investors and charged her with securities fraud, wire fraud and aggravated identity theft.

Billionaire investor Scott Bessent has suggested using tariffs to negotiate with other countries, while Cantor Fitzgerald CEO Howard Lutnick has voiced support for broad tariffs, The Associated Press reported.