Business Highlights: Sam Bankman-Fried’s trial set to begin, Fed chief hears about inflation woes
1 year, 2 months ago

Business Highlights: Sam Bankman-Fried’s trial set to begin, Fed chief hears about inflation woes

Associated Press  

___ Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook NEW YORK — For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan. ___ Fed’s Powell gets an earful about inflation and interest rates from small businesses YORK, Pa. — Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington. ___ A riled Trump sounds off outside the New York fraud trial that accuses him of lying about wealth NEW YORK — Former President Donald Trump has sat through hours of sometimes testy opening statements in a fraud lawsuit that could cost him control of some of his most prized properties. As he left court during a lunch break Monday, he called it a “disgraceful trial.” Democratic New York Attorney General Letitia James’ lawsuit accuses the Republican ex-president and his company of deceiving banks, insurers and others by habitually lying about his wealth in financial statements. ___ Tesla 3Q sales rise 27% but fall short of expectations due softening demand and factory downtime AUSTIN, Texas — Tesla’s summertime deliveries of electric vehicles surged 27% from last year but still fell below analyst projections as Elon Musk’s car company navigated through softening customer demand as well as factory upgrades.

Trial Tesla Trump Google Microsoft New York Washington Fed Rates York Powell Onewheel  ap  onewheel  set  woes  highlights  inflation  rates  stocks  vehicles  hears  sam  market  business  points  trial  trump  fed  york  chief

History of this topic

Ex-FTX Exec's Cooperation Wins Him a Mercy Sentence
1 month, 3 weeks ago

Ex-FTX Exec's Cooperation Wins Him a Mercy Sentence

Associated Press  

An ex-FTX executive, Nishad Singh, who testified against Sam Bankman-Fried at his trial, was spared a prison sentence by a federal judge. Singh provided information that helped prosecutors learn about crimes they might otherwise have never discovered, including campaign finance violations and private conversations between Bankman-Fried and his associates.

How Sam Bankman-Fried’s ex-girlfriend helped topple the crypto king
3 months ago

How Sam Bankman-Fried’s ex-girlfriend helped topple the crypto king

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “He said that he was a …

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing
3 months, 1 week ago

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing

Associated Press  

NEW YORK — Caroline Ellison, a former top executive in FTX founder Sam Bankman-Fried ’s collapsed cryptocurrency empire and his former girlfriend, is seeking no prison time at her sentencing later this month. The lawyers cited her immediate and extensive cooperation with U.S. authorities when FTX and related companies collapsed in November 2022, and they noted that the court’s Probation …

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing
3 months, 1 week ago

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Caroline Ellison, a former top …

Top FTX executive jailed over connections to collapsed crypto empire
6 months, 3 weeks ago

Top FTX executive jailed over connections to collapsed crypto empire

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Ryan Salame, part of the ‘inner circle’ at collapsed crypto exchange FTX, sentenced to prison
6 months, 3 weeks ago

Ryan Salame, part of the ‘inner circle’ at collapsed crypto exchange FTX, sentenced to prison

Associated Press  

NEW YORK — A federal judge on Tuesday sentenced former FTX executive Ryan Salame to more than seven years in prison, the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange. While Salame was a high-level executive at FTX, he was not a major …

FTX’s Sam Bankman-Fried appeals conviction and 25-year sentence for fraud
8 months, 1 week ago

FTX’s Sam Bankman-Fried appeals conviction and 25-year sentence for fraud

Al Jazeera  

Bankman-Fried faces steep odds in bid to overturn conviction stemming from the collapse of his cryptocurrency exchange. FTX founder Sam Bankman-Fried has appealed his conviction and 25-year prison sentence for stealing billions of dollars from customers of his defunct cryptocurrency exchange. “I made a series of bad decisions.” US District Court Judge Lewis Kaplan said that Bankman-Fried had not shown …

Column: The legal system is closing in on crypto, and things may only get worse
8 months, 2 weeks ago

Column: The legal system is closing in on crypto, and things may only get worse

LA Times  

Crypto fraudster Sam Bankman-Fried is screened in a New York courtroom as he prepared to face charges related to the collapse of his FTX crypto exchange. What’s important about Failla’s ruling is that she dismissed out of hand Coinbase’s argument, which is that cryptocurrencies are novel assets that don’t fall within the SEC’s jurisdiction — in short, they’re not “securities.” …

A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX
8 months, 3 weeks ago

A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX

Associated Press  

Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry’s collapse. 2022 Nov. 2: Coindesk reports Alameda Reseach, Bankman-Fried’s cryptocurrency trading firm, holds a large amount of FTT, a token issued by FTX, suggesting the finances of the two are intertwined and Alameda faces a cash crunch. Nov. 17: Ray gives a damning description of FTX’s operations …

The Bankman-Fried verdict, explained
8 months, 3 weeks ago

The Bankman-Fried verdict, explained

Associated Press  

NEW YORK — Sam Bankman-Fried co-founded the FTX crypto exchange in 2019 and quickly built it into the world’s second most popular place to trade digital currency. FTX had two lines of business: a brokerage where customers could deposit, buy, and sell cryptocurrency assets on the FTX platform, and an affiliated hedge fund known as Alameda Research, which took speculative …

Sam Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
8 months, 3 weeks ago

Sam Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud

The Hindu  

Sam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall. U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers …

FTX founder Sam Bankman-Fried sentenced to 25 years for multi-billion dollar crypto fraud
8 months, 3 weeks ago

FTX founder Sam Bankman-Fried sentenced to 25 years for multi-billion dollar crypto fraud

Hindustan Times  

Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall. U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers did …

Ex-'Crypto King' Sam Bankman-Fried gets 25 years in jail for massive fraud
8 months, 3 weeks ago

Ex-'Crypto King' Sam Bankman-Fried gets 25 years in jail for massive fraud

Raw Story  

Disgraced former cryptocurrency mogul Sam Bankman-Fried is going to be spending the next quarter of a century behind bars. Matthew Russell Lee of Inner City Press reports that Judge Lewis Kaplan on Thursday hit Bankman-Fried with a 300-month prison sentence for allegedly defrauding investors in his FTX cryptocurrency exchange, which collapsed in 2022. In his initial indictment, Bankman-Fried was slapped …

FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison
54 years, 11 months ago

FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison

Wired  

A US federal judge in the Southern District of New York has sentenced Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, to 25 years in prison. In a court filing, the US government described the affair as “one of the largest financial frauds in history.” Bankman-Fried had demonstrated “unmatched greed and hubris” and a “brazen disrespect for the rule of …

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
8 months, 3 weeks ago

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Associated Press  

NEW YORK — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. Assistant U.S. Attorney Nicolas Roos had recommended a prison sentence of 40 to 50 years, saying …

Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors
8 months, 3 weeks ago

Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors

New Indian Express  

NEW YORK: Former crypto mogul Sam Bankman-Fried faces the potential of decades in prison when he is sentenced Thursday for his role in the 2022 collapse of FTX, once one of the world's most popular platforms for trading digital currency. Bankman-Fried, 32, was convicted in November of fraud and conspiracy — a dramatic fall from a year earlier when he …

Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors
8 months, 3 weeks ago

Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors

New Indian Express  

Two weeks ago, Bankman-Fried attorney Marc Mukasey attacked a probation office recommendation of 100 years in prison, saying a sentence of that length would be “grotesque” and “barbaric.” He urged the judge to sentence Bankman-Fried to a term of five to 6 1/2 years in prison. "Sam is not the ‘evil genius’ depicted in the media or the greedy villain …

Ex-crypto mogul Sam Bankman-Fried due to be sentenced for defrauding FTX
8 months, 3 weeks ago

Ex-crypto mogul Sam Bankman-Fried due to be sentenced for defrauding FTX

Al Jazeera  

The 32-year-old illegally used money from depositors of one of the world’s most popular platforms for trading digital currency to cover his expenses. Former crypto mogul Sam Bankman-Fried is due to be sentenced for his role in the 2022 collapse of FTX, once one of the world’s most popular platforms for trading digital currency. “Mr Bankman-Fried continues to live a …

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
8 months, 3 weeks ago

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

LA Times  

Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. And it’s not a trivial risk at all.” He added that it was “for the purpose of disabling him to the extent that can appropriately …

“Lack of any remorse”: Judge tears into Sam Bankman-Fried as he sentences him to 25 years
8 months, 3 weeks ago

“Lack of any remorse”: Judge tears into Sam Bankman-Fried as he sentences him to 25 years

Salon  

FTX founder Sam Bankman-Fried was sentenced to 25 years on Thursday after he was convicted of defrauding the company’s customers. U.S. District Judge Lewis Kaplan ordered the crypto billionaire to more than two decades in prison after Bankman-Fried’s lawyers recommended a sentence of five to seven years, according to Axios. "He knew it was wrong," Kaplan said, rejecting SBF’s claims …

Column: Sam Bankman-Fried will be sentenced Thursday for his crypto fraud. Throw the book at him
8 months, 4 weeks ago

Column: Sam Bankman-Fried will be sentenced Thursday for his crypto fraud. Throw the book at him

LA Times  

Sam Bankman-Fried after a court appearance in his federal fraud case last year. are expected to get back all of their money.” FTX, according to Bankman-Fried’s attorneys, “was solvent at the time of the bankruptcy petition. The harm to customers, lenders, and investors is zero.” The government and Ray, the experienced corporate rescuer who became the chief executive of FTX …

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer
9 months ago

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer

Associated Press  

NEW YORK — The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player on Wednesday in a letter to a federal judge scheduled to sentence him next week, saying his claim that customers, lenders and investors were not harmed was callously false and he was living a “life of delusion.” FTX Trading Limited CEO …

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer
9 months ago

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The chief executive of the …

Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud
9 months, 1 week ago

Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud

Associated Press  

NEW YORK — FTX founder Sam Bankman-Fried’s orchestration of one of history’s largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge. They said crimes reflecting a “brazen disrespect for the rule of law” had depleted the retirement funds and nest eggs …

Sam Bankman-Fried makes court appearance to switch lawyers before March sentencing
10 months ago

Sam Bankman-Fried makes court appearance to switch lawyers before March sentencing

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Sam Bankman-Fried will not face a second fraud trial, DoJ announces
11 months, 3 weeks ago

Sam Bankman-Fried will not face a second fraud trial, DoJ announces

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sam Bankman-Fried won’t face …

US prosecutors opt out of second trial for crypto tycoon Sam Bankman-Fried
11 months, 3 weeks ago

US prosecutors opt out of second trial for crypto tycoon Sam Bankman-Fried

Al Jazeera  

United States prosecutors have chosen not to pursue a second trial for FTX cryptocurrency exchange founder Sam Bankman-Fried, who has already been found guilty of fraud and money laundering, and proceed instead to sentencing. Prosecutors said in a letter filed in a New York court on Friday that pursuing a second trial for the disgraced tycoon would only serve to …

Sam Bankman-Fried’s brother Gabe was absent from his trial. Could he be in trouble too?
1 year, 1 month ago

Sam Bankman-Fried’s brother Gabe was absent from his trial. Could he be in trouble too?

Slate  

This is part of Slate’s daily coverage of the intricacies and intrigues of the Sam Bankman-Fried trial, from the consequential to the absurd. On Oct. 11, following damning testimony by Bankman-Fried’s former colleague and girlfriend Caroline Ellison, Bloomberg shared that “his mom, Barbara Fried, smiled and waved at him.” On closing-arguments day, the New York Times noted that Bankman-Fried “blinked …

Bankman-Fried’s trial exposed crypto fraud but Congress has not been eager to regulate the industry
1 year, 1 month ago

Bankman-Fried’s trial exposed crypto fraud but Congress has not been eager to regulate the industry

Associated Press  

PALM SPRINGS, Calif. — The conviction of former cryptocurrency mogul Sam Bankman-Fried for stealing at least $10 billion from customers and investors is the latest black mark for the cryptocurrency industry, but in Washington, there seems to be little to no interest in pushing through regulation. “We need to crack down on abuses and can’t let the crypto industry write …

PROFILE | Sam Bankman-Fried: Fraud conviction in FTX crash caps stunning fall for ‘Crypto King’
1 year, 1 month ago

PROFILE | Sam Bankman-Fried: Fraud conviction in FTX crash caps stunning fall for ‘Crypto King’

The Hindu  

Prosecutors accused the founder of the Bahamas-based FTX crypto exchange of creating a “pyramid of deceit” built on lies and false promises. ‘Pyramid of deceit’ Prosecutors said Bankman-Fried directed the transfer of FTX customer money into Alameda Research, an affiliated hedge fund, for risky investments, political donations, and expensive real estate before both companies collapsed into bankruptcy in 2022. Ari …

FTX fraudster Sam Bankman-Fried convicted of all charges in $8bn case
1 year, 1 month ago

FTX fraudster Sam Bankman-Fried convicted of all charges in $8bn case

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy FTX founder Sam Bankman-Fried …

FTX’s Sam Bankman-Fried found guilty. A timeline of the events
1 year, 1 month ago

FTX’s Sam Bankman-Fried found guilty. A timeline of the events

Live Mint  

Sam Bankman-Fried, co-founder and former CEO of cryptocurrency exchange FTX, is convicted on seven charges of fraud and money laundering by a New York jury, as per an AP report. Speaking to reporters after the hearing, US Attorney Damian Williams said the FTX fraud perpetrated by Bankman-Fried is "one of the biggest financial frauds in American history". " A timeline …

Sam Bankman-Fried: All you need to know about FTX founder
1 year, 1 month ago

Sam Bankman-Fried: All you need to know about FTX founder

Live Mint  

Sam Bankman-Fried has been found guilty on all seven counts related to fraud and money laundering. Hence, the son of two Stanford Law School professors resigned from his Wall Street position and launched a cryptocurrency hedge fund in 2017, which sparked a series of events that led to his criminal conviction on Thursday for participating in what federal prosecutors have …

Ex-crypto mogul Sam Bankman-Fried convicted of defrauding FTX customers
1 year, 1 month ago

Ex-crypto mogul Sam Bankman-Fried convicted of defrauding FTX customers

The Hindu  

November 03, 2023 07:40 am | Updated 08:55 am IST - NEW YORK FTX founder Sam Bankman-Fried was found guilty on Thursday of defrauding customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace. Once the darling of the crypto world, Bankman-Fried — who …

Ex-crypto mogul Sam Bankman-Fried convicted for FTX collapse, faces 110 years in prison
1 year, 1 month ago

Ex-crypto mogul Sam Bankman-Fried convicted for FTX collapse, faces 110 years in prison

Hindustan Times  

FTX founder Sam Bankman-Fried was found guilty on Thursday of defrauding customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace. Once the darling of the crypto world, Bankman-Fried - who was known for his mop of unkempt curly hair and for wearing shorts …

What to know about the Sam Bankman-Fried trial verdict
1 year, 1 month ago

What to know about the Sam Bankman-Fried trial verdict

Al Jazeera  

The FTX founder has been found guilty on seven charges, and he may face decades in prison. Sam Bankman-Fried’s fraud trial has ended with a guilty verdict for the crypto tycoon and the possibility that he spends decades behind bars. On Thursday, a New York federal court jury found Bankman-Fried guilty on all seven charges for fraud and conspiracy that …

Column: Sam Bankman-Fried’s seven guilty verdicts expose crypto as a swindle through and through
1 year, 1 month ago

Column: Sam Bankman-Fried’s seven guilty verdicts expose crypto as a swindle through and through

LA Times  

Crypto scamster Sam Bankman-Fried at the Manhattan courthouse where he was convicted Thursday on seven criminal counts. “The cryptocurrency industry might be new; the players like Sam Bankman-Fried might be new, but this kind of fraud, this kind of corruption, is as old as time,” he said. In an interview broadcast on “60 Minutes” on Oct. 1, just before Bankman-Fried’s …

Crypto tycoon Sam Bankman-Fried found guilty on all charges in fraud trial
1 year, 1 month ago

Crypto tycoon Sam Bankman-Fried found guilty on all charges in fraud trial

Al Jazeera  

Bankman-Fried faces up to 110 years behind bars following guilty verdict. Former crypto tycoon Sam Bankman-Fried has been found guilty on all charges after orchestrating what authorities have described as one of the biggest financial frauds in US history. Prosecutors accused Bankman-Fried, once the poster boy for virtual currencies, of stealing about $10bn, using customers’ funds to make risky investments, …

FTX founder Sam Bankman-Fried is found guilty of all charges including fraud
1 year, 1 month ago

FTX founder Sam Bankman-Fried is found guilty of all charges including fraud

NPR  

FTX founder Sam Bankman-Fried is found guilty of all charges including fraud A jury in New York found the so-called crypt king guilty of securities fraud and six other criminal counts. A jury in New York found Sam Bankman-Fried guilty of seven criminal counts, including securities fraud and money laundering. Prosecutors said a fraudster is a fraudster, and they pushed …

Business Highlights: Low jobless claims signal healthy economy; Bankman-Fried fate in hands of jury
1 year, 1 month ago

Business Highlights: Low jobless claims signal healthy economy; Bankman-Fried fate in hands of jury

Associated Press  

___ US applications for jobless benefits remain at historically healthy levels The number of Americans applying for jobless benefits inched up last week but remains low by historical standards, even with the Federal Reserve’s aggressive interest rate hikes meant to cool the economy and taper lingering inflation. ___ Stock market today: Wall Street leaps toward its best week of 2023 …

FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers
1 year, 1 month ago

FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers

Associated Press  

NEW YORK — FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl After the monthlong trial, jurors rejected Bankman-Fried’s claim during testimony in Manhattan federal court that he never committed fraud or meant to cheat customers before FTX, once the world’s second-largest crypto exchange, collapsed …

Sam Bankman-Fried created a 'pyramid of deceit' prosecutor tells jury
1 year, 1 month ago

Sam Bankman-Fried created a 'pyramid of deceit' prosecutor tells jury

Daily Mail  

Sam Bankman-Fried created a 'pyramid of deceit' with his crypto empire which collapsed, prosecutors claimed in the closing statements of his $8billon fraud trial. Roos said he was able to perfectly recall what the inside of the Alameda Research offices looked like and the thought process behind renaming NBA team Miami Heat's arena to incorporate the FTX name. He didn't …

Sam Bankman-Fried created a 'pyramid of deceit' because he 'thought he was smarter and better', prosecutor tells jury in closing statements of his $8 BILLION fraud trial
1 year, 1 month ago

Sam Bankman-Fried created a 'pyramid of deceit' because he 'thought he was smarter and better', prosecutor tells jury in closing statements of his $8 BILLION fraud trial

Daily Mail  

Sam Bankman-Fried created a 'pyramid of deceit' with his crypto empire before its spectacular collapse in November last year, prosecutors claimed at the finale of his $8 billion fraud trial. Sam Bankman-Fried created a 'pyramid of deceit' with his crypto empire which collapsed, prosecutors claimed in the closing statements of his $8billon fraud trial Prosecutor Nicolas Roos used his closing …

Prosecutor cites ‘pyramid of deceit’ by Sam Bankman-Fried; Defense lawyer says he’s no monster
1 year, 1 month ago

Prosecutor cites ‘pyramid of deceit’ by Sam Bankman-Fried; Defense lawyer says he’s no monster

Associated Press  

NEW YORK — In a closing argument, a prosecutor told New York jurors Wednesday to follow overwhelming evidence of FTX founder Sam Bankman-Fried ‘s “pyramid of deceit” to find him guilty of defrauding customers and investors of at least $10 billion while a defense lawyer said prosecutors were unfairly portraying an honest entrepreneur as a monster. The prosecutor said Bankman-Fried …

Closing arguments next in FTX founder Sam Bankman’s fraud trial after his testimony ends
1 year, 1 month ago

Closing arguments next in FTX founder Sam Bankman’s fraud trial after his testimony ends

Associated Press  

NEW YORK — FTX founder Sam Bankman-Fried underwent a final barrage of questions on Tuesday from a prosecutor aimed at showing that he’s not being honest about how much he knew about the disappearance of $8 billion from his customers’ accounts, setting the stage for final arguments in his fraud trial on Wednesday. Repeatedly, she asked him why he didn’t …

Prosecutor takes aim at Sam Bankman-Fried's credibility at trial of FTX founder
1 year, 1 month ago

Prosecutor takes aim at Sam Bankman-Fried's credibility at trial of FTX founder

The Hindu  

A prosecutor began cross-examining Sam Bankman-Fried at a New York City trial on Monday, attacking his credibility by highlighting public statements he made before and after the FTX cryptocurrency exchange he founded filed for bankruptcy late last year when it could no longer process billions of dollars in withdrawals. Assistant U.S. Attorney Danielle Sassoon confronted Bankman-Fried with instances in which …

Disgraced FTX founder Sam Bankman-Fried testifies during his trial over crypto collapse that he thought company was 'okay'
1 year, 1 month ago

Disgraced FTX founder Sam Bankman-Fried testifies during his trial over crypto collapse that he thought company was 'okay'

Daily Mail  

Disgraced FTX founder and billionaire Sam Bankman-Fried has testified he thought his company was 'OK' before its stunning collapse and bankruptcy. FTX founder Sam Bankman-Fried was questioned by defense lawyer Mark Cohen as he testifies in his fraud trial Bankman-Fried appeared in court charged with two counts of fraud and five counts of conspiracy. Bankman-Fried admitted to making some 'large …

Prosecutor takes aim at Sam Bankman-Fried’s credibility at trial of FTX founder
1 year, 1 month ago

Prosecutor takes aim at Sam Bankman-Fried’s credibility at trial of FTX founder

Associated Press  

NEW YORK — A prosecutor began cross-examining Sam Bankman-Fried at a New York City trial on Monday, attacking his credibility by highlighting public statements he made before and after the FTX cryptocurrency exchange he founded filed for bankruptcy late last year when it could no longer process billions of dollars in withdrawals. Assistant U.S. Attorney Danielle Sassoon confronted Bankman-Fried with …

Sam Bankman-Fried Built a Crypto Paradise in the Bahamas—Now He's a Bad Memory
54 years, 11 months ago

Sam Bankman-Fried Built a Crypto Paradise in the Bahamas—Now He's a Bad Memory

Wired  

Each Sunday morning, the congregation of the International Deliverance Praying Ministry gathers in front of their church, ready to be let in. Led by Bishop Lawrence Rolle, known locally as the Singing Bishop for his animated vocal displays, the church relies on donations to fund its community feeding program, which serves thousands of people each year. “It helped a lot …

FTX’s Bankman-Fried admits ‘mistakes’, denies fraud at trial
1 year, 1 month ago

FTX’s Bankman-Fried admits ‘mistakes’, denies fraud at trial

Al Jazeera  

Sam Bankman-Fried says he never set out to steal from people while testifying in his own defence in Manhattan court. FTX founder Sam Bankman-Fried has admitted to making mistakes but denied defrauding customers while testifying in his own defence at his high-profile fraud trial in New York. Bankman-Fried said on Friday that a “lot of people got hurt” when FTX …

Discover Related