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Gary Gensler

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Gender Male
Age 66
Date of birth October 18,1957
Zodiac sign Libra
Born Baltimore
Maryland
United States
SpouseFrancesca Danieli
Party Democratic Party
Appointed by Barack Obama
Job Politician
Businessperson
Education Pikesville High School
University of Pennsylvania
Wharton School of the University of Pennsylvania
BooksThe Great Mutual Fund Trap: An Investment Recovery Plan
The Great Mutual Fund Trap: How Americans Are Losing Billions to the Mutual Fund and Brokerage Industries-- and How You Can Earn More with Less Risk
NationalityAmerican
Previous positionAssistant Secretary of the United States Treasury for Financial Markets (1997–1999)
Position Chairperson, U.S. Securities and Exchange Commission since 2021
Date of Reg.
Date of Upd.
ID477923
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Gary Gensler Life story


Gary Gensler is an American government official and former Goldman Sachs investment banker serving as the chair of the U.S. Securities and Exchange Commission. Gensler previously led the Biden–Harris transition's Federal Reserve, Banking, and Securities Regulators agency review team.

Lindsay Lohan and Jake Paul hit with SEC charges over crypto scheme

Mar 22,2023 5:10 pm

By Max MatzaBBC News

Eight celebrities, including Lindsay Lohan and Jake Paul , have been charged by US regulators with participating in an illegal crypto scheme.

The famous group allegedly used their social platforms to boost two crypto tokens without disclosing they were paid to promote them.

The charges were announced by the US Securities and Exchange Commission (SEC) in a on Wednesday.

Lohan and Paul have paid to settle the charges without admitting guilt.

The Other celebs charged are:

The group is accused of illegally promoting TRX and BTT crypto assets " without disclosing that they were compensated for doing so and the amount of their compensation, " the SEC said.

Justin Sun , a crypto investor and diplomat for The Caribbean island nation of Grenada, is also accused of fraud by manipulating the trading activity of the two tokens to make it appear As If they were actively being traded in A Crime known as " wash trading".

Mr Sun, a Chinese-born protégé of Alibaba founder Jack Ma , is known for having once paid $4. 6m (£3. 7m) to have dinner with investor Warren Buffett .

He is accused of " orchestrating a promotional campaign in which he and his celebrity promoters hid the fact that the celebrities were paid for their tweet, " the SEC added in their news release.

His companies - Tron Foundation Limited, Bittorrent Foundation Ltd. and Rainberry Inc. (formerly Bittorrent ) - are also charged as part of the scheme.

" This case demonstrates again the High Risk investors face when crypto asset securities are offered and sold without proper disclosure, " said SEC Chair Gary Gensler .

" Sun and his companies not only targeted U. S. investors in their unregistered offers and sales, generating millions in illegal proceeds at the expense of investors, but they also coordinated wash trading on an unregistered trading platform to create the misleading appearance of active trading, " Mr Gensler added.

All of the celebrities, apart from Mr Cortez Way (Akon) and Mr Mahone have paid a combined total of More Than $400,000 to settle the charges.

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Source of news: bbc.com

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