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
The U.K.’s embattled Metro Bank has launched talks to sell a third of its mortgage book in an urgent attempt to shore up its balance sheet. Matthew Horwood | Getty Images News | Getty Images LONDON — The U.K.’s Metro Bank will likely struggle to raise fresh capital to shore up its balance sheet, according … Read more
Former President Donald Trump speaks to members of the media while arriving for the second day of his civil fraud trial in New York on Oct. 3, 2023. Kena Betancur | AFP | Getty Images Former President Donald Trump on Tuesday said that he plans to testify at the New York trial accusing him of … Read more
FTX’s multibillion-dollar cryptocurrency blowup hasn’t destroyed all faith in the industry. In a new documentary premiering Monday, FTX customers, insiders and investors tell CNBC that despite not receiving a single dollar’s worth of cryptocurrency back, they’re optimistic on the industry and plan to keep investing. Evan Luthra, an app developer, entrepreneur and angel investor, told … Read more
Former U.S. President Donald Trump disembarks his plane “Trump Force One” at Aberdeen Airport on May 1, 2023 in Aberdeen, Scotland. Jeff J Mitchell | Getty Images The $250 million civil fraud trial that could see former President Donald Trump permanently banned from doing business in New York is set to kick off Monday. The … Read more
Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, July 26, 2023. Jonathan Ernst | Reuters Hunter Biden on Tuesday sued former Trump lawyer Rudy Giuliani, his companies and another attorney over alleged violations of … Read more
Damian Williams, the highest federal prosecutor in Manhattan, speaks at a press convention to announce the addition of “Cryptoqueen” Ruja Ignatova to the FBI’s most-wanted fugitives checklist, in New York, June 30, 2022. Luc Cohen | Reuters The co-founder of the fraudulent OneCoin cryptocurrency, an enormous pyramid scheme that amassed over $4 billion from tens … Read more