JAY Z named in new paperwork for mega lawsuit

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Could have done a summary. It's 53 pages long. Went as far as seeing something to do with cash app being used for illegal shyt hence the growth of the company
:beli: That nikka is so thirsty for that plat thread, he ain’t even read it or knows what it’s about himself
 
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lowkey0z

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Officers and directors of Square and Cash App parent company Block Inc. face a shareholder derivative complaint over alleged anti-money laundering compliance failures weeks after the company reached an $80 million settlement of related claims with state banking regulators.

In a complaint filed Wednesday in California federal court, Block investor Viraj Patel took aim at thecompany's brass, including Twitter co-founder Jack Dorsey, with claims they breached their fiduciary duties by concealing Block's allegedly lax customer due diligence practices, leaving the company vulnerable to regulatory scrutiny and litigation.

By failing to put adequate safeguards in place, Patel said, Block "allowed the company to become a haven for unlawful activities" such as money laundering, trafficking of people and drugs, and terrorism financing, among other things.


eh, not as bad as i thought, thought this was some other shyt lol
 

T-K-G

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Jack Dorsey is in this too :ohhh:



Whatever it is, this is beyond rap, clearly had to be some business fukkery


Edit: man these people just getting sued because they invested in this shyt :beli: not directly responsible for this
 

Chip Skylark

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Smh they’re targeting him now I don’t believe anything else
 
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