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FBI suspects tea company that ‘pivoted’ to blockchain of insider trading


Long Island Tea Corp was one of those companies that randomly added the word “blockchain” to the name of their business to seem cool (and maybe bump up its stock) – but it appears its name change may be more sinister than first thought. The Federal Bureau of Investigation suspects Long Blockchain Corp., as it is now known, may be guilty of insider trading, Quartz reports. According to a request for a search warrant, the FBI is also searching for evidence of securities fraud. According to the warrant, FBI agents linked Long Blockchain Corp. to a separate fraud case involving securities fraud at separate…

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