As he courted cryptocurrency investors last year, Donald Trump promised to fire Gary Gensler, the Securities and Exchange Commission (SEC) chair who had scrutinized the industry, and install a new crypto-friendly regulator in his place. Trump, who launched his own crypto meme coin days before he took office, didn’t just …
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Earlier this year, Sam Bankman-Fried was sentenced to 25 years in prison after being found guilty of fraud charges in connection to the cryptocurrency exchange FTX in a highly-covered trial. Now, the founder’s story is going from fraud to film. Lena Dunham will write the script for an upcoming Apple …
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Sean Combs has been placed in the same cell of a Brooklyn jail with convicted crypto fraudster Sam Bankman-Fried, The New York Times reports. The two are not cellmates in the classic sense of sharing the same small jail room; rather, they’re both sleeping in a large dormitory-style room at …
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Caroline Ellison, the former girlfriend of convicted crypto fraudster Sam Bankman-Fried, was sentenced to two years in prison for her role in the fraud scheme that led to the collapse of FTX. Ellison had pleaded guilty to money laundering and fraud charges, and had been the prosecution’s star witness during …
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The end of 2023 was not a great time for the crypto industry. In November, Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, learned that no amount of Michael Lewis gymnastics could save him from being convicted on seven charges of fraud and conspiracy. He was eventually sentenced to …
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Sam Bankman-Fried has been sentenced to 25 years in prison after being found guilty of fraud charges in connection to his collapsed cryptocurrency exchange FTX. Bankman-Fried waschargedwith conspiracy to commit wire fraud, securities fraud, money laundering, and violations of campaign finance law in December 2022. The then-30-year-old allegedly defrauded millions …
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Following his conviction in November, Sam Bankman-Fried is awaiting sentencing for the massive fraud that brought down his much-vaunted FTX cryptocurrency exchange. Making the case for a 40-to-50-year prison term, federal prosecutors have now submitted a list of the disgraced CEO’s bad ideas for spinning his company’s bankruptcy in the …
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Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX, was found guilty of fraud charges Thursday, according to The Washington Post. Bankman-Fried was charged with conspiracy to commit wire fraud, securities fraud, money laundering, and violations of campaign finance law in December 2022. The 30-year-old allegedly defrauded millions of investors …
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Sam Bankman-Fried’s cross-examination Monday afternoon in his ongoing criminal fraud trial provided little satisfaction to those hoping for a mea culpa from the disgraced FTX founder. During an approximately four-hour cross-examination led by prosecutor Danielle Sassoon, Bankman-Fried appeared to suffer from memory loss, evaded questions, and gave downright unhelpful answers. …
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T iffany Fong stands among a gaggle of reporters in the gray tiled plaza of Daniel Patrick Moynihan Courthouse in downtown Manhattan. It is just past dawn, but members of the media are already queued up for the start of FTX founder Sam Bankman-Fried’s criminal trial. Fong, 29, takes periodic …
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