For reprint rights or to purchase a copy of your Daily Journal photo, email jeremy@reprintpros.com for prices or call 949-702-5390.

To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com
This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Securities,
Civil Litigation

Apr. 18, 2025

Shareholders say Block is enabling money laundering, sex trafficking, other crimes

The complaint, filed in San Francisco federal court, follows mounting regulatory scrutiny and a steep stock drop tied to a damning report by Hindenburg Research.

Block Inc., the fintech company behind Cash App, is facing a new securities lawsuit from shareholders who allege the platform became "a haven" for cybercriminals due to the company's failure to curb illicit activity -- including money laundering, sex trafficking, and terrorism financing.

The complaint, brought by a group of shareholders in San Francisco federal court on Thursday, claims the group of Block executives injured shareholders by failing to take the requisi...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up



By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy here.