FTX founder Sam Bankman-Fried was sentenced to prison Thursday for defrauding investors of billions of dollars. Former President Donald Trump and President Joe Biden visit New York City Thursday. The two presidential candidates are looking to build support ahead of another November rematch. Florida is cracking down on squatters. And one California property owner reclaimed […]
A federal judge sentenced FTX founder Sam Bankman-Fried to 25 years in prison on March 28 for defrauding investors in his fallen cryptocurrency exchange. In November, jurors convicted Mr. Bankman-Fried on all seven counts of conspiracy and fraud with which government lawyers had charged him. Mr. Bankman-Fried and his attorneys had repeatedly argued that he […]
NEW YORK—Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX cryptocurrency exchange, prosecutors said on Friday. In November, a jury found Mr. Bankman-Fried, 32, guilty on seven counts of fraud and conspiracy. Federal prosecutors in Manhattan said “thousands of everyday […]
The Chinese Communist Party recently unveiled its plans to mass-produce humanoid robots to aid the regime’s manufacturing sector. Adam Savit, the director of the China Policy Initiative at the America First Policy Institute, explains the global impacts of this development. Several prominent people, including former President Bill Clinton and Britain’s Prince Andrew, could be getting […]
The government will not seek a second trial on temporarily dropped charges against the FTX founder Sam Bankman-Fried, prosecutors told the federal judge on Friday. All evidence has already been presented before the judge, and a second trial will not change the potential jail time for the disgraced cryptocurrency entrepreneur, the prosecutors said. “The Government […]
FTX founder Sam Bankman-Fried was convicted of fraud Thursday by a New York jury over his part in a scheme that cheated FTX customers and investors of at least $10 billion. Counsel for the defense Mark Cohen told reporters after the trial that Mr. Bankman-Fried continues to maintain his innocence, and that he will fight […]
NTD has the latest on the Israel–Hamas war. There was intense fighting in Gaza overnight, and another Hamas commander was killed. Families of the hostages and legal experts have been decrying the Hamas terrorist group for crimes against humanity. The House has passed an Israel-only aid package to provide a much-needed boost to Israel’s defenses. […]
Cryptocurrency guru Sam Bankman-Fried has been found guilty of fraud, money laundering, and more. A 12-member New York jury convicted the 31-year-old FTX founder on all seven counts of fraud and conspiracy in relation to his role in a scheme that cheated customers and investors of at least $10 billion. He now faces decades in […]
The trial of FTX founder Sam Bankman-Fried has started. The defendant is facing seven charges, including securities fraud, wire fraud, and conspiracy to launder money. To get some more insights into this trail, NTD spoke to Kevin Stocklin, a reporter for The Epoch Times and a former Wall Street banker.
Rep. Kevin McCarthy (R-Calif.) has been ousted as the House speaker—a first in U.S. history. Eight Republicans joined all Democrats in voting him out. Hunter Biden pleaded not guilty to gun charges in a federal court in Delaware. The president’s son is accused of possessing a gun illegally while addicted to drugs, and lying about […]
Live from outside the court where Sam Bankman-Fried, the founder of the now-bankrupt FTX cryptocurrency exchange, goes on trial in Manhattan federal court on Oct. 3 on charges of stealing billions in customer funds. The case will begin with jury selection, which prosecutors have said could last the whole day.
NEW YORK—A U.S. judge on Thursday granted a request from prosecutors to try some of their charges against Sam Bankman-Fried in a second trial next year separate from his scheduled Oct. 2 trial over the collapse of now-bankrupt cryptocurrency exchange FTX. Bankman-Fried, 31, will be tried on March 11, 2024, on five counts, including bank […]
Sam Bankman-Fried, the founder of the bankrupt FTX cryptocurrency exchange, is arraigned in Manhattan federal court at 10:00 a.m. ET on March 30 on a 13-count indictment, including a new charge of conspiring to pay bribes to Chinese officials. Bankman-Fried previously pleaded not guilty to eight of the counts. U.S. District Judge Lewis Kaplan will […]
Sam Bankman-Fried, the disgraced co-founder of cryptocurrency exchange FTX, bribed Chinese government officials with $40 million in cryptocurrency, the Department of Justice alleged in a new 13-count indictment (pdf). Federal prosecutors stated that accounts belonging to Bankman-Fried and others “directed and caused the transfer” of at least $40 million in crypto “intended for the benefit […]
The IRS visited the home of a journalist as he testified about government abuse. Is it witness intimidation? We ask a civil rights group. At the first hearing on the Silicon Valley Bank collapse, senators questioned regulators on who is to blame for the failure. Generative AI images are starting to look real. Famous people […]
The bankrupt cryptocurrency exchange FTX is asking for the recipients of political donations from the company to give the money back and is threatening legal action if those recipients refuse. In a Sunday press release, FTX and its affiliated debtors announced they have been sending requests for refunds from political figures, political action funds, and […]
Crypto exchange FTX has more than $5 billion in cash and liquid cryptocurrencies and securities, an attorney for the beleaguered company confirmed on Wednesday. The Sam Bankman-Fried-founded company filed for bankruptcy in November and U.S. prosecutors have accused Bankman-Fried of orchestrating fraudulent activity that may have cost investors, customers, and lenders billions of dollars. Attorneys […]
FTX founder Sam Bankman-Fried pleaded not guilty in a federal court Tuesday to charges of fraud, conspiracy, campaign finance law violations, and money laundering. Bankman-Fried, 30, entered his plea via his lawyer before District Judge Lewis Kaplan in Manhattan federal court. During the hearing, Kaplan set a trial date for Oct. 2, 2023. A federal prosecutor, Danielle […]
