Bernie Madoff leaves federal court in New York on March 10, 2009. Jin Lee | Bloomberg via Getty Images The fund for victims of Bernie Madoff’s historic Ponzi scheme has begun its ninth payout, distributing about $159 million in government-seized funds to nearly 25,000 people worldwide, the Department of Justice said Monday. The announcement, made … Read more
A sign sits outside Banque Pictet & Cie SA in Geneva, Switzerland, on Friday, Oct. 16, 2015. Luke MacGregor | Bloomberg | Getty Images A major Swiss bank admitted to conspiring with U.S. taxpayers and others to hide over $5.6 billion from the Internal Revenue Service, the Department of Justice announced Monday. Banque Pictet, the … Read more
A Boston Police SUV. David L. Ryan | Boston Globe | Getty Images A network of “sophisticated” high-end brothels in greater Boston and eastern Virginia provided sex for pay to “elected officials, high tech and pharmaceutical executives, doctors, military officers, government contractors that possess security clearances, professors,” and others, federal prosecutors said Wednesday. Three people … Read more
FBI agents. Hyoung Chang | The Denver Post | Getty Images Federal prosecutors in New York on Wednesday announced the arrests of 10 men allegedly belonging to or associated with the Gambino Mafia family, as well as the arrests in Italy of six other alleged organized crime members and associates. The defendants in Brooklyn federal … Read more
A jury of twelve found FTX founder Sam Bankman-Fried guilty of all seven criminal charges brought against him. The question of how long he’ll remain in prison, however, is one that Judge Lewis Kaplan will spend the next few months deliberating by himself. The no-nonsense 78-year-old judge is a veteran of the Southern District of … Read more
Indicted FTX founder Sam Bankman-Fried arrives at the U.S. Courthouse in New York City, July 26, 2023. Amr Alfiky | Reuters Twelve jurors in a lower Manhattan courtroom have begun to deliberate the fate of FTX founder Sam Bankman-Fried following a month of testimony from nearly 20 witnesses. The case was handed to the jury … Read more
FTX Founder Sam Bankman-Fried leaves Manhattan Federal Court after a court appearance on June 15, 2023 in New York City. Michael M. Santiago | Getty Images A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. The former FTX CEO faces a maximum sentence of 115 years in prison. Bankman-Fried, the … Read more
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. Amanda Perobelli | Reuters FTX founder Sam Bankman-Fried told jurors in his criminal trial on Friday that he didn’t commit fraud, and that … Read more
Former U.S. President Donald Trump watches as his former fixer and lawyer Michael Cohen is questioned by a lawyer for the attorney general’s office, before Judge Arthur F. Engoron during the Trump Organization civil fraud trial in New York State Supreme Court in the Manhattan borough of New York City, October 24, 2023 in this … Read more
Nishad Singh, former director of engineering at FTX, arrives at court in New York, Oct. 16, 2023. Yuki Iwamura | Bloomberg | Getty Images Nishad Singh, FTX’s former director of engineering, told jurors Monday that Sam Bankman-Fried, the founder of the failed crypto exchange, spent huge sums of money on everything from real estate and … Read more