Company Directory - Long Island Blockchain Corp
Company Details - Long Island Blockchain Corp
Long Island Blockchain Corp
Long Island Blockchain is a company that rebranded from Long Island Iced Tea Corp to emphasize its focus on blockchain technology and digital innovation. The company repositioned itself to capture the emerging opportunities in the blockchain sector.
CCI Score
CCI Score: Long Island Blockchain Corp
-32.51
0.14%
Latest Event
SEC Insider Trading Lawsuit Amid Rebranding to Blockchain
Ahead of its rebranding from Long Island Iced Tea Corp to Long Blockchain Corp, the company became embroiled in an SEC insider trading lawsuit involving key insiders. This incident highlights serious issues in corporate governance and ethical business practices.
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TOADIE
Long Island Blockchain Corp is currently rated as a Toadie.
Latest Events
- JUL122021
Ahead of its rebranding from Long Island Iced Tea Corp to Long Blockchain Corp, the company became embroiled in an SEC insider trading lawsuit involving key insiders. This incident highlights serious issues in corporate governance and ethical business practices.
-30
Business Practices and Ethical Responsibility
March 26
The SEC insider trading lawsuit raises concerns about the company's ethical standards and internal governance. The incident, occurring during a major pivot from a beverage business to blockchain, suggests a potential disregard for transparency and regulatory norms. While not directly linked to overt political manipulation, such unethical behavior can erode public trust and indirectly contribute to corporate environments that overlook broader social responsibilities.
Iced Tea-to-blockchain Pivot Prompts SEC Insider Trading Lawsuit
- JUL092021
The SEC has filed insider trading charges against individuals connected to Long Blockchain Corp, a company that rebranded from Long Island Iced Tea Co. to focus on blockchain technology. The investigation alleges that confidential corporate information was misused to manipulate stock prices, highlighting significant ethical concerns in the company’s business practices.
-75
Business Practices and Ethical Responsibility
March 26
The SEC investigation reveals serious breaches of ethical responsibility. Insider trading practices, including the misuse of confidential information to boost stock prices following a rebranding, undermine investor trust and corporate governance. This unethical behavior contributes negatively to the broader business environment and may indirectly support authoritarian capitalist structures by prioritizing profit over accountability.
Three Charged as SEC Investigates Insider Trading at Long Blockchain Corp.
- JUL282019
The FBI is investigating Long Island Blockchain Corp (formerly Long Island Iced Tea Corp) for allegations of securities fraud, insider trading, and a potential pump-and-dump scheme following its controversial rebrand in 2017. This event exposes unethical business practices that undermine market trust and corporate accountability.
-60
Business Practices and Ethical Responsibility
March 26
The investigation reveals deep ethical failings in corporate behavior, with allegations of orchestrated securities fraud, insider trading, and market manipulation. Although these activities are not directly tied to overt political influence or authoritarian support, they severely undermine democratic market integrity and public accountability, indirectly fostering environments where undemocratic practices can take root.
- DEC212017
The FBI is investigating allegations of insider trading, pump-and-dump schemes, and securities fraud surrounding Long Blockchain's controversial pivot from a beverage company to a blockchain technology firm. This scandal highlights deeply unethical business practices and questionable economic maneuvers that undermine investor trust and market integrity.
-70
Business Practices and Ethical Responsibility
March 26
Long Blockchain’s rebranding from Long Island Iced Tea Corp was accompanied by a series of fraudulent activities, including alleged insider trading and a pump-and-dump scheme, that not only deceived investors but also undermined the integrity of capital markets. Such unethical business practices contribute to undermining democratic accountability in economic affairs.
-30
Economic and Structural Influence
March 26
The company’s economic maneuvers, including questionable stock promotions and potential market manipulation, demonstrate a disregard for fair economic practices. This kind of structural economic misbehavior can distort market mechanisms and contribute to broader systemic instability.
- DEC212017
In December 2017, Long Island Iced Tea Corp (later rebranded as Long Island Blockchain Corp) announced its pivot to blockchain technology. The announcement, which was part of a broader insider trading scheme involving material nonpublic information, led to SEC charges against key figures. This unethical business practice severely undermines corporate accountability and investor trust, indirectly contributing to the environment that can enable authoritarian practices.
-70
Business Practices and Ethical Responsibility
March 26
The company's rebranding and pivot to blockchain technology served as a cover for an insider trading scheme. This unethical maneuver, which involved the dissemination of misleading information to manipulate the market, reflects poorly on its business practices and ethical responsibility. Such actions not only damage investor confidence but also erode democratic accountability by fostering corporate impunity, which can indirectly support authoritarian power structures.
Blockchain scandal: Insider trading charges filed over Long Island Iced Tea’s blockchain ‘pivot’
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