Taxi Medallion Loan Shark Duped Investors by Planting ‘Illegal’ Positive News Stories, SEC Says

It’s no secret at this point that Uber and Lyft’s arrival to the ride-hailing scene in the early 2010s dealt a huge blow to the traditional cab industry, but charges filed this week by the Securities and Exchange Commission (SEC) show just how far one firm, New York’s Medallion Financial, was willing to go to stay… Read more...
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