A “potato cartel” has allegedly conspired to artificially hike prices on french fries and hash browns as they corner the $68 billion frozen spuds market, according to multiple lawsuits. After decades of consolidation, just four companies – Lamb Weston, Canada-based McCain Foods, the J.R. Simplot Company and Cavendish Farms – control 97% of the market, … Read more
Caroline Ellison, the star witness in the prosecution of her former boyfriend, FTX founder Sam Bankman-Fried, was sentenced Tuesday in New York federal court to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion. The prison … Read more
Colorado Attorney General Phil Weiser is joining a Justice Department antitrust lawsuit against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices in Colorado and elsewhere. The lawsuit, filed Friday alongside seven other attorneys general in states including North Carolina and California, alleges the … Read more
Michelle Bond, CEO of Digital Futures. CNBC Convicted former FTX executive Ryan Salame’s domestic partner Michelle Bond has been indicted in New York on federal charges accusing her of conspiring to raise unlawful campaign contributions from FTX for her unsuccessful run for Congress in 2022, prosecutors announced Thursday. Manhattan U.S. Attorney Damian Williams claims that … Read more
Two Colorado nonprofit groups called publicly on Attorney General Phil Weiser this week to “root out collusion and price fixing among large landlords” amid national and state scrutiny of software that’s allegedly used by property owners to artificially increase rental prices. The nonprofits — law firm Towards Justice and the housing group Community Economic Defense … Read more
United Auto Workers President Shawn Fain testifies about the toll of working hours on laborers before the Senate Health, Education, Labor and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill in Washington, D.C., on March 14, 2024. Chip Somodevilla | Getty Images DETROIT — United Auto Workers President Shawn Fain is under … Read more
LONDON, ENGLAND – MAY 19: Julian Assange gestures as he speaks to the media from the balcony of the Embassy Of Ecuador on May 19, 2017 in London, England. Photo by Jack Taylor/Getty Images) Jack Taylor | Getty Images News | Getty Images LONDON — WikiLeaks founder Julian Assange has the right to appeal against … Read more
FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research. The sentence in Manhattan federal court was significantly less than the 40 to 50 years in prison that federal prosecutors wanted for Bankman-Fried, but … Read more
The government of Canada did not see any evidence backing up Israel’s claim that staff employed by the United Nations Relief and Works Agency (UNRWA) colluded with Hamas before suspending funding to the agency, CBC News has learned. Government sources tell CBC that Israel still has not shared evidence with Canada to substantiate its claim that 12 employees of … Read more
The collapse of FTX has sent shockwaves through the cryptocurrency industry. The price of bitcoin and other major digital coins have fallen sharply as problems at FTX emerged. Jakub Porzycki | Nurphoto | Getty Images Three people were indicted for an identity-theft conspiracy that allegedly included the $400 million hack from FTX on the same … Read more
