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
Jeffrey Epstein and Ghislaine Maxwell attend the Batman Forever/R. McDonald Event in New York City on June 13, 1995. Patrick McMullan | Getty Images New York federal court documents containing previously hidden names of people associated in some way with the late notorious sex offender Jeffrey Epstein will be unsealed Wednesday, an official said. Many … Read more
The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., May 12, 2021. Andrew Kelly | Reuters Laura Tyler Perryman, co-founder and former CEO of the medical device startup Stimwave Technologies, was charged with allegedly defrauding investors out of $41 million by making “false and misleading” statements about one of … Read more
Nikola founder Trevor Milton was sentenced Monday to four years in prison in connection to defrauding investors of the embattled electric- and hydrogen-powered truck maker. Milton also was fined $1 million and could later be forced to forfeit property as part of his sentence. The punishment was far lower than the 11 years prosecutors had … Read more
