Yes, Larry Fink really stepped in it when he started messaging woke Environmental Social Governance as the savior of mankind. But this column has always sought to put his career into the context it deserves. Fink is one of the most knowledgeable financiers on the planet, and it’s worth paying attention to what he says … Read more
San Francisco: Sam Bankman-Fried, the co-founder and CEO of collapsed crypto exchange FTX, was on Thursday sentenced to 25 years in prison in the US for seven counts of conspiracy and fraud charges. Judge Lewis Kaplan ordered a 240-month sentence and a 60-month sentence to be served consecutively, reports The Verge. “On obstruction of justice, … Read more
US prosecutors said Friday they do not plan to proceed with a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange. In a letter filed in federal court in Manhattan, prosecutors said the strong public interest in a prompt resolution of the case outweighed the … Read more
KEY POINTS Since May 2023, the IRS has been trying to collect tax arrears from the now-bankrupt crypto firm and its sister company Alameda Research IRS had initially claimed $44 billion across more than 40 claims against FTX and its subsidiaries FTX filed a lawsuit against SBF’s parents in September accusing them of exploiting “their … Read more
