Block Sets Aside $240M Amid Talks To Settle DOJ Probe

By Jon Hill ( May 8, 2026, 7:55 PM EDT) -- Jack Dorsey's Block Inc. has reserved $240 million as it works to settle a U.S. Department of Justice investigation tied to short-seller allegations that it turned a blind eye to fraud on Cash App, its mobile payment platform, according to an investor filing late Thursday....

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