Peter Nygard, who once led a women’s fashion empire, was found guilty of four counts of sexual assault in a Canadian court on Sunday but was acquitted of a fifth count plus a charge of forcible confinement. The jury handed down the verdict on the fifth day of deliberations following a six-week trial in Toronto. … Read more
The Kenyan preacher of a doomsday cult who was arrested after more than 400 bodies were found in mass graves on his property has been convicted of operating a studio and distributing films without a license ByEMMANUEL IGUNZA Associated Press November 10, 2023, 12:40 PM FILE – Cult preacher Pastor Paul Nthenge Mackenzie of the … Read more
Sam Bankman-Fried stands as forewoman reads the verdict to the court. Artist: Elizabeth Williams Just before 8 p.m. on Thursday, 12 jurors found Sam Bankman-Fried guilty of all seven counts against him. You could have heard a pin drop in the courtroom as the forewoman repeated the word “guilty” seven times in a row into … Read more
At 7:33 pm eastern yesterday, Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, was found guilty of seven counts of fraud and conspiracy. The crypto industry exhaled. The verdict was a “huge relief,” says market analyst Noelle Acheson, formerly of crypto brokerage Genesis. The fraud at FTX, which threw the crypto world into a spin … Read more
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Former cryptocurrency kingpin Sam Bankman-Fried has been found guilty of fraud. A New York jury delivered the verdict on November 2nd, concluding a trial that has seen Bankman-Fried defend himself against claims that he criminally mismanaged his crypto exchange FTX and trading firm Alameda Research. After more than a month in trial, the jury took … Read more
FTX founder Sam Bankman-Fried is not going to the moon, instead he appears headed for prison … he’s been found guilty on all counts against him in his federal cryptocurrency fraud case. Federal law enforcement sources tell TMZ … a jury in New York City convicted the disgraced “Crypto King” on all seven counts of … Read more
Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty on all seven counts related to fraud and money laundering. The defendant is “charged with a wide-ranging scheme to misappropriate billions of dollars of customer funds deposited with FTX and mislead investors and lenders to FTX … Read more
Sam Bankman-Fried is guilty on all seven federal charges in his criminal trial for defrauding customers of his crypto exchange out of billions of dollars with his crypto empire, jurors decided on Thursday night in a Southern District of New York court, Reuters reports. Jurors reached a verdict at 7:40 p.m., according to CoinDesk, that … Read more
In crypto circles, the trial of Bankman-Fried was considered a “galactic embarrassment,” a sideshow whose outcome would have little effect on the prospects or trajectory of remaining crypto businesses, but cast a dark cloud over the industry and attracted a torrent of unflattering press. Its conclusion marks an opportunity for the crypto sector to start … Read more
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Let’s be honest: The facts are bad for Sam Bankman-Fried. The prosecution, in the closing statement delivered by Nicolas Roos (pronounced “Rose”, though he won’t correct you if you get it wrong, as Judge Lewis Kaplan did for most of the trial) today, went through a lot of contemporaneous written evidence that suggested that Bankman-Fried … Read more