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☆ Inside the disastrous apartments of NYC men, exposed by a TikTok comedian
▼ + stars: | 2024-04-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

The homes of New York City's young men are being captured on camera — and it isn't pretty. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Welcome to "Boy Room," the new series in which Coster and a cameraperson venture into the unruly habitats of New York City's men and try to offer advice. AdvertisementComedian Rachel Coster is bravely revealing the bedrooms of New York City's young men.

Persons: Rachel Coster, —, Coster, he'd, Vader, It's, corks, Chris, Jerome Peel, Peel, they've, Dan, couldn't Organizations: Service, Gymnasium, Peel, Village Locations: New York, New York City, West, TikTok, Brooklyn's Boerum Hill, Manhattan's Chinatown, Boston , Philadelphia, Los Angeles, LA

☆ At a Holi festival in Brooklyn, tradition and contemporary celebration create a colorful union
▼ + stars: | 2024-04-15 | by ( Sheetal Banchariya | ) www.businessinsider.com time to read: +8 min

The Hindu festival Holi has become more popular and inclusive, especially in the Indian diaspora. The Hindu festival of colors, observed as Holi in India and Fagu Purnima in Nepal, holds immense cultural significance for South Asians. "There were not many or any events celebrating Holi at that time, despite a considerable number of Indians living in Jackson Heights," she said. He said that over the years he'd seen Indians, Pakistanis, Nepalese, Bhutanese, Sri Lankans, African Americans, and Irish people attending his Holi event. Love was in the air at the Holi celebration.

Persons: —, Fagu, bhalle, gulab jamun, I'd, Sheetal, Zayira Ray, Uma Kapoor, Kapoor, Manny Singh, Jarrod Fox, Festivalgoers, Akash Sheth, Sheth, Singh, Elise Young, Elise's Bodyshop, Carmen Perez, Young, who's, Vijay Satnarine, It's, Satnarine, Love, Lord Vishnu, King Hiranyakashipu, Prahlad, Hiranyakashipu's, Holika, Radha Rani, Lord Krishna Organizations: Service, BI, Morgan, Morgan Stanley's IT, Google, Hindu American Foundation, gulal, Apple Locations: Brooklyn , New York, India, Fagu Purnima, Nepal, New York, Asian, Queens , New York, Jackson Heights, Jersey, New York City, Morgan Stanley's, City, Brooklyn, Sri Lankans, African, Connecticut, Massachusetts, London, Wales

Sam Bankman-Fried has been sentenced to 25 years in prison. US District Judge Lewis Kaplan sentenced Bankman-Fried Thursday to 25 years in prison. In his sentencing, Kaplan described Bankman-Fried as ambitious and deceitful, willing to gamble with his customers' livelihoods. He knew it was criminal," Kaplan said as Bankman-Fried slumped in his chair. AdvertisementNow that Bankman-Fried's sentencing is over, Kaplan, the judge, will likely swiftly order sentencing hearings for Ellison, Wang, and Singh.

Persons: Sam Bankman, Fried, —, Lewis Kaplan, Bankman, Kaplan, Prosecutors, Bernie Madoff, Marc Mukasey, Mukasey, perjured, it's, FTX, Caroline Ellison, Gary Wang, Nishad Singh —, Ellison, Wang, Singh, Ryan Salame, I've, didn't, John J, Ray III, Ray, Joseph Bankman, Barbara Fried Organizations: Service, Justice Department, FTX, Alameda Research, Prosecutors, Detention, Federal Bureau of Prisons Locations: Manhattan, FTX, Bahamas, Washington , DC, Brooklyn's, San Francisco

☆ Sam Bankman-Fried is dispensing crypto investment tips to Brooklyn prison guards: NYT
▼ + stars: | 2024-02-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried might be in jail, but the NYT reports that he's still got a finger on the pulse with crypto. Bankman-Fried has been reportedly sharing crypto investment tips with prison guards, per NYT. Bankman-Fried is reportedly giving crypto investment tips and touting investments in the cryptocurrency Solana to prison guards, The Times reported on Tuesday, citing an unnamed source familiar with the matter. Bankman-Fried, Mukasey said, should be given a shorter sentence of five to six-and-a-half years. "A sentence that returns Sam promptly to a productive role in society would be sufficient, but not greater than necessary, to comply with the purposes of sentencing," Mukasey wrote.

Persons: Sam Bankman, he's, Fried, —, Solana, Michael Lewis, Lewis, Joseph Bankman, Barbara Fried, Marc Mukasey, Mukasey, Sam Organizations: Service, New York Times, The Times, Bankman, Times, Brooklyn's Metropolitan Detention Locations: Brooklyn, Brooklyn's, Bankman

☆ A crypto influencer has posted what she says is the first photo of Sam Bankman-Fried hanging out with his fellow inmates
▼ + stars: | 2024-02-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Tiffany Fong uploaded a photo of what appears to be a scruffy-looking Sam Bankman-Fried to X. The content creator said she got the photo from an inmate and ex-gang member called "G Lock." Disgraced FTX founder Sam Bankman-Fried looks a lot scruffier in prison, according to a photo obtained by crypto influencer Tiffany Fong. AdvertisementFirst photo of Sam Bankman-Fried in jail at MDC Brooklyn. (December 17, 2023) pic.twitter.com/QlENjjmeQG — Tiffany Fong (@TiffanyFong_) February 20, 2024Fong said she'd obscured the faces of the other inmates for privacy reasons.

Persons: Tiffany Fong, Sam Bankman, Fong, Fried, G, He's, I've, Lewis Kaplan, he'd Organizations: MDC Brooklyn, Bankman, Metropolitan Detention Center, of Prisons, Brooklyn's Metropolitan Detention, Business Insider Locations: Brooklyn, Manhattan, Brooklyn's

☆ A Palestinian restaurant in New York hosted a free Shabbat dinner. Over 1,300 people showed up.
▼ + stars: | 2024-01-31 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +8 min

Owner Abdul Elenani hosted a Shabbat dinner to foster dialogue and thank those who stood by him. Fluffy pita was piled next to enormous loaves of challah bread, a traditional Jewish Shabbat dinner staple. Over 1,300 people showed up to Ayat's free community Shabbat dinner. A range of perspectivesAyat's Shabbat dinner attracted people from various backgrounds and perspectives who may not normally have shared a meal together. If Ayat's packed Shabbat dinner is any indication, people are hungry for such spaces now more than ever.

Persons: Abdul Elenani, —, pita, Ayat, Talia Lakritz, Yousef Munayyer, Elenani, we're, it's, I'm, Masoud, Paula Rackoff, Myriam Marques, Abby Stein, Ellen Lippmann Organizations: Service, Defamation League, Facebook, New York Post, Physicians for Human Rights, Racial, Economic Locations: Palestinian, NYC, Israel, Ditmas, New York City, Palestine

☆ Jam Master Jay murder jury views graphic crime scene photos in death of Run-DMC DJ
▼ + stars: | 2024-01-29 | by ( Laura Italiano | Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

"He died instantly," prosecutor Miranda Gonzalez told jurors, shot in the head at such close range, his hair was singed. Then, "as quickly as they came, they fled," she told jurors. AdvertisementMizell "had a tremendous amount of blood already pooled on the floor," the detective told jurors. "It was an ambush, an execution, motivated by greed and revenge," Gonzalez told jurors. AdvertisementProsecutors allege that before Mizell's death, Mizell told Washington that Washington would not be involved in the drug distribution in Maryland, which led the suspects to plot to kill Mizell.

Persons: —, Jason William Mizell —, Jay —, Miranda Gonzalez, Karl ", Jordan Jr, Ronald, Tinard, James Lusk, Lusk, Tony Rincon, Mizell, Gonzalez, Mizell's, Artie McConnell, Jay Bryant, Jason Mizell, Seth D, DuCharme, Washington, Jordan, he'd, John Diaz, Ezra Spilke Organizations: Service, Business, Queens, of, Jordan, EMS, Eastern, Prosecutors, Associated Press . Locations: New York, Washington, of New York, Jordan, Jamaica, Queens, Rincon, Maryland, Associated Press . Washington

☆ Meet the former child prodigy who played 'Moneyball' with GPUs and built a $3 million AI model for $30,000
▼ + stars: | 2024-01-22 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +7 min

Daimon Labs, by contrast, had raised $1.5 million from a handful of VCs. It was around then that he started Daimon Labs alongside Dhruv Malik and Xiang Zhang to pursue the dream of what he calls "machines of loving grace". He ignored every metric of success for an AI model, except one: perplexity. It's a measure of how certain the AI model is of its predictions. But even with ruthlessly optimized hardware and that single-minded focus, Daimon Labs still couldn't afford to build the model Benmalek was envisioning.

Persons: —, Ryan Benmalek, wouldn't, Benmalek, Isaac Asimov, Dhruv Malik, Xiang Zhang, Michael Lewis, Daimon, Brooklyn Organizations: Service, Business, Daimon Labs, The University of Washington, Cornell, Apple, Google, Nvidia, Labs, Lambda, Daimon Locations: Silicon, Seattle, Moneyball, Montreal, Brooklyn, North Carolina, Canada

☆ Fans sue Madonna over 2-hour delay to her show when they had to work the next day
▼ + stars: | 2024-01-19 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

Read previewTwo concertgoers from New York City are suing Madonna, as well as Live Nation and the Barclays Center, after the pop star started a show two hours late, leaving them tired for work the next day. The complaint, seeking unspecified damages, outlined that the two men booked to see Madonna perform at her "Celebration Tour" at Brooklyn's Barclays Center. Both plaintiffs went to the December 13 concert, where Madonna appeared onstage more than two hours late, it said. As a result, Fellows and Hadden contend they were "damaged as a direct and proximate result" of the late start time and are seeking a trial by jury. AdvertisementMadonna's management, Live Nation, and the Barclays Center did not immediately respond to Business Insider's requests for comment, which were sent outside operating hours.

Persons: —, Madonna, Michael Fellows, Jonath Hadden, forewarning, ticketholders, Hadden Organizations: Service, Barclays Center, Business, Brooklyn's Barclays Center Locations: New York City

☆ I compared 3 Trader Joe's cult-classic products to the Whole Foods versions, but only one was worth the money
▼ + stars: | 2024-01-11 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Grocery chains like Whole Foods and Trader Joe's have amassed loyal customers. I tried three customer-favorite products, including each brand's orange chicken. AdvertisementPeople have tons of opinions about Trader Joe's and Whole Foods. I've never had much allegiance to either grocery store, but fanfare made me curious about all the hype. On Wednesday, I visited my local Trader Joe's and Whole Foods in Brooklyn's Fort Greene neighborhood.

Persons: Joe's, —, I've, I'd Organizations: Foods, Service Locations: Brooklyn's Fort Greene

☆ A woman's Gen Alpha sister informed her that 'pop off,' 'BFF,' 'bae,' and other Gen Z and millennial slang are no longer cool, and older viewers say it hurts
▼ + stars: | 2024-01-08 | by ( Kieran Press-Reynolds | ) www.businessinsider.com time to read: +3 min

Last Wednesday, a Gen Alpha girl named Brooklyn made her older sister Liv Kaplan feel out of touch when she informed her that a slew of Gen Z and millennial slang, from "bae" to "pop off" to "slay," is no longer cool. Perhaps most surprisingly, to call someone a best friend, Brooklyn said Gen Alpha doesn't use "bff" as much as "bsf." (Though some commenters disputed this detail and accused Gen Alpha of "gentrifying" the word GYAT by turning it from a way to say "god damn" into an acronym.) @livkaplan Replying to @Noah Schnapp ASKING MY GEN ALPHA LITTLE SISTER WHAT SLANG IS IN PART 2 💋✨ @BROOKLYN ♬ original sound - Liv KaplanIn a follow-up video, Brooklyn provided more Gen Alpha-friendly phrases. She also said Gen Alpha uses words like "cap," a way to say you think someone is lying, and "ate," meaning metaphorically to devour a look or moment (e.g., "you ate that outfit").

Persons: —, Alpha, Liv Kaplan, Z, Brooklyn, Gen Alpha, @livkaplan, @Noah, n., ike Organizations: Service, Generation Alpha, Brooklyn, Business, Alpha, bsf, bae, GEN ALPHA Locations: yass, —

☆ Cami Téllez's underwear startup Parade went bust, and employees blame her. Is it OK to write about it?
▼ + stars: | 2023-11-21 | by ( Melkorka Licea | ) www.businessinsider.com time to read: +28 min

Owning Gucci loafers "wouldn't make me any less capable of leading my team," Téllez rightfully pointed out. Most startups attract people who know this and are excited by it, and Parade employees were no different. "Like any for-profit company, Parade sought to make money and deliver value for shareholders," she told Business Insider. Téllez told staffers DeFuria was sick, and some were worried enough to send flowers to his home. Téllez told employees that they should be receiving offers for positions at AAI "within the next 72 hours at the latest."

Persons: Camila Téllez, I'd, —, Steph Korey, Audrey Gelman, they'd, Steve Jobs, I've, Emily Weiss, Marc Andreessen, Téllez, Gen Zers, Calvin Klein, Cami, Cami Téllez's, she'd, Gucci loafers, Slack, Rhonda Moret, there's, Jack DeFuria, Shakira, Warby Parker's, Neil Blumenthal, Peyton Dix, Jeffries, Evan Mock, Kamala Harris, Ella Emhoff, Gen, Karli Kloss, Omar, who'd, Ty Haney —, — Téllez, Kerry Steib, Meredith Gillies, we've, Steib, I'm, Lyndsey Arnold, Arnold, Lailee, Taghdisi, DeFuria, Kristen Dolzynski, Dolzynski, commenter, weren't Organizations: Ariela, Associates International, AAI, CNBC, Columbia University, NYU, Parade, West Dakota, Forbes, longtime, American, Karli, Voices, Spotify, North America, Employees, Casper, Casa de, Former Locations: New York, Instagram, New, Téllez, York, Colombia, North, SoHo, Dominican Republic

☆ Lonnie Walker IV comes to Net's rescue, downs Clippers
▼ + stars: | 2023-11-09 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/40] Nov 8, 2023; Brooklyn, New York, USA; LA Clippers forward Kawhi Leonard (2) warms up prior to the game against the Brooklyn Nets at Barclays Center. Walker stepped for the Nets after Cam Thomas was lost for the final 20:33 due to a sprained left ankle. Despite Walker's best night since joining the Nets as a free agent, Brooklyn sweated out the final minutes. Thomas added 14 points before exiting when he collided with Los Angeles forward P.J. Consecutive hoops by Walker and Sharpe pushed Brooklyn's lead to 89-78 with 6:42, resulting in a Los Angeles timeout before Bridges made it a 10-point game.

Persons: Kawhi Leonard, Wendell Cruz, Lonnie Walker IV, James Harden, Walker, Cam Thomas, Mikal Bridges, Los Angeles, Spencer Dinwiddie, Royce O'Neale, Thomas, P.J . Tucker, Dorian Finney, Smith, O'Neale, Day'Ron Sharpe, Bridges, Ben Simmons, Paul George, Leonard, Russell Westbrook, Harden, Sharpe, Brooklyn's Organizations: LA Clippers, Brooklyn Nets, Barclays Center, Los Angeles Clippers, Nets, Los, Milwaukee Bucks, Clippers, Brooklyn, Thomson Locations: Brooklyn , New York, USA, New York, Brooklyn, Los, Los Angeles, Philadelphia

☆ Streaking Nets face road test against Celtics
▼ + stars: | 2023-11-09 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

November 9 - The Brooklyn Nets will attempt to extend their road winning streak to four games when they visit the Boston Celtics on Friday night. After starting the season with back-to-back losses, the Nets posted road wins against Charlotte (133-121), Miami (109-105) and Chicago (109-107). Boston's Jayson Tatum had 16 points, 15 rebounds and six assists in the loss. It was the third time in his NBA career that he's had at least 15 points, 15 rebounds and five assists in a game. Tatum scored a game-high 32 points and had 11 rebounds when the Celtics beat the Nets 124-114 earlier this season.

Persons: Jacque Vaughn, Lonnie Walker IV, Cam Thomas, Thomas, Boston, Kristaps Porzingis, Derrick White, White, Jaylen Brown, Porzingis, Boston's Jayson Tatum, he's, Joe Mazulla, Tatum Organizations: Brooklyn Nets, Boston Celtics, Nets, Charlotte, Los Angeles Clippers, The Nets, Clippers, Chicago, Boston, Celtics, Minnesota, Philadelphia, NBA, Thomson Locations: Miami, Chicago, Brooklyn, Boston

☆ NBA roundup: Nikola Jokic, Nuggets edge Warriors
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +9 min

Michael Porter Jr. added 17 points while Aaron Gordon finished with 14 points and 11 rebounds for Denver, which swept a four-game homestand. 1 draft pick Victor Wembanyama each had 14 points for the Spurs, who have lost three straight. Brandon Ingram scored 24 points on 11-for-25 shooting and rookie Jordan Hawkins added 14 points for the Pelicans, who lost their third straight game. Bobby Portis had 18 points for the Bucks, and Brook Lopez added 14, including a pivotal 3-pointer in the late going. Scottie Barnes contributed 14 points, 14 rebounds, seven assists and four steals.

Persons: Chris Paul, Nikola Jokic, Isaiah J, Downing, Reggie Jackson, Michael Porter Jr, Aaron Gordon, Stephen Curry, Klay Thompson, Draymond, Gary Payton II, Jamal Murray, Joel Embiid, Tyrese Maxey, Tobias Harris, Kelly Oubre Jr, Kristaps Porzingis, Derrick White, Jayson Tatum, Porzingis, Domantas, Malik Monk, Jerami Grant, Monk, Sabonis, Grayson Allen, Kevin Durant, Jusuf Nurkic, Nurkic, Bradley Beal, Bam Adebayo, Adebayo, Miami's Tyler Herro, Jaren Jackson Jr, Herro, Jackson, Kyle Kuzma, Charlotte, Danilo Gallinari, Delon Wright, LaMelo Ball, Gordon Hayward, Green, Alperen Sengun, Sengun, Anthony Davis, Rui Hachimura, Aaron Nesmith, Myles Turner, Bennedict Mathurin, Tyrese Haliburton, Jordan Clarkson, Lauri Markkanen, Julius Randle, Randle, Jalen Brunson, RJ Barrett, Jeremy Sochan, Malaki Branham, Victor Wembanyama, Wembanyama, Lonnie Walker IV, James Harden, Walker, Cam Thomas, Royce O'Neale, Paul George, Harden, Anthony Edwards, Karl, Anthony Towns, Rudy Gobert, Brandon Ingram, Jordan Hawkins, Damian Lillard, Giannis Antetokounmpo's, Bobby Portis, Brook Lopez, Antetokounmpo, Isaiah Stewart, Cade Cunningham, Marcus Sasser, Pascal Siakam, Dennis Schroder, Scottie Barnes, Luka Doncic, Kyrie Irving, Tim Hardaway Jr, Shai Gilgeous, Alexander, Caris LeVert, Evan Mobley, Donovan Mitchell, Mitchell Organizations: Golden State Warriors, Denver Nuggets, Ball, USA, NBA, Denver, Warriors, 76ers, Celtics, Philadelphia, Boston, Sixers, Milwaukee Bucks, Trail Blazers, Sacramento, The, Blazers, Suns, Bulls, Chicago, Phoenix, Grizzlies, Miami, Los Angeles Lakers, Hornets, Washington, Wizards, Rockets, Lakers, Houston, Angeles, Pacers, Jazz, Utah, Knicks, Spurs, New, San, Nets, Clippers, Brooklyn, Timberwolves, Pelicans, Minnesota, Bucks, Pistons, Milwaukee, Detroit, Raptors, Mavericks, Toronto, Dallas, Cavaliers, Oklahoma City, Thomson Locations: Denver , Colorado, USA, Portland, Durant, Memphis, Los Angeles, Indiana, Indianapolis, New York, San Antonio, Philadelphia, New Orleans, Minneapolis, Cleveland

Here's how Kurtz built up Mike's Hot Honey from just a hobby into a company poised to bring in more than $40 million over the next year. This might be the life for me'A college-aged Kurtz in Brazil, where he found the inspiration for Mike's Hot Honey. Some like it hotKurtz working at Paulie Gee's in August 2010 with bottle of Mike's Hot Honey in hand. "I'd be in there from midnight till six in the morning just bottling, capping and labeling bottles of Mike's Hot Honey." Over three funding rounds, Mike's Hot Honey raised $12 million.

Persons: Mike Kurtz doesn't, Franzen, Quentin Tarantino's, Kurtz, Raffi Paul, Mickey Todiwala, Larry Raymond, Larry, Mike Kurtz, Paulie Gee's, Paulie Gee, Matt Beaton, Beaton, Beaton's Organizations: CNBC, Foods, UMass Amherst Locations: Brazil, Greenpoint , Brooklyn, New York City, New York, what's, U.S

☆ NBA roundup: Jayson Tatum makes Boston history in defeating Nets
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +6 min

Tatum made 10 of 20 shots, hit six of Boston's 15 3-pointers and collected 11 rebounds. Washington scored 15 points, Brandon Miller and Nick Richards each had 10 and LaMelo Ball recorded 11 points and 11 assists. 76ers 112, Suns 100Joel Embiid supplied 26 points and 11 rebounds as host Philadelphia beat short-handed Phoenix. Brooks added nine rebounds and almost joined Smith (21 points, 11 rebounds) and VanVleet (21 points, 12 assists) with a double-double. Chicago trailed by as much as 23 in the fourth quarter after leading 53-51 at the break.

Persons: Jayson Tatum, Al Horford, Wendell Cruz, Tatum, Jaylen Brown, Kristaps Porzingis, Cam Thomas, Spencer Dinwiddie, Mikal Bridges, Mark Williams, Charlotte, Gordon Hayward, Terry Rozier, P.J . Washington, Brandon Miller, Nick Richards, LaMelo Ball, Tyrese Haliburton, Franz Wagner, Paolo Banchero, Banchero, Anthony Davis, LeBron James, Austin Reaves, Joel Embiid, Embiid, Kelly Oubre Jr, Tyrese Maxey, Kevin Durant, Devin Booker, Bradley Beal, Booker, Beal, Young, Jalen Johnson, New Orleans . Young, Johnson, Zion Williamson, Brandon Ingram, Dillon Brooks, Jabari Smith, Fred VanVleet, Brooks, Smith, Malik Monk, De'Aaron Fox, Anthony Edwards, Karl, Anthony Towns, Edwards, Lauri Markkanen, John Collins, Talen Horton, Tucker, Nikola Jokic, Michael Porter Jr, Reggie Jackson, Jamal Murray, Nikola Vucevic, DeRozan Organizations: Boston Celtics, Brooklyn Nets, Barclays Center, Celtics, Nets, Hornets, Pacers, Indiana, Ball, Lakers, Orlando, Los Angeles, Clippers, NBA, 76ers, Suns, Philadelphia, Sixers, Phoenix, Hawks, Pelicans, Atlanta, New, New Orleans ., Rockets, Houston, Sacramento, Timberwolves, Jazz, Minneapolis . Towns, Wolves, Utah, Nuggets, Bulls, Denver, Chicago, Thomson Locations: Brooklyn , New York, USA, New York, Brooklyn, Indianapolis, P.J ., Haliburton, Los Angeles, New Orleans, Sacramento, Minnesota, Utah, Minneapolis .

☆ A timeline of Sam Bankman-Fried trial: Key moments leading up to FTX founder's conviction
▼ + stars: | 2023-11-03 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +5 min

Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Bankman-Fried debuts on the Forbes billionaires list, which estimates his net worth at $22.5 billion. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.

Persons: Sam Bankman, Fried, Amr Alfiky, Gary Wang, Larry David, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: United, REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York City, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California, New York

Nov 3 (Reuters) - FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange's customers. U.S. District Judge Lewis Kaplan set Bankman-Fried's sentencing for March 28, 2024. In denying Bankman-Fried's release from jail to prepare for trial, Kaplan said he could potentially face a "very long sentence." Circuit Court of Appeals to review his conviction, as well as rulings against him before and during the trial. His lawyer Mark Cohen said following Bankman-Fried's conviction that his client would continue to "vigorously fight the charges."

Persons: Sam Bankman, Fried, District Judge Lewis Kaplan, Kaplan, Amanda Perobelli, Will, Mark Cohen, Will Bankman, FTX, Jody Godoy, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: U.S, District, U.S . Former FTX, REUTERS, Circuit, Detention, Thomson Locations: Manhattan, New York City, U.S, Brooklyn's, FTX, New York

☆ Cavaliers squeeze past Nets
▼ + stars: | 2023-10-26 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/50] Oct 25, 2023; Brooklyn, New York, USA; Cleveland Cavaliers guard Donovan Mitchell (45) warms up before a game against the Brooklyn Nets at Barclays Center. Two free throws by Mikal Bridges gave the Nets a 113-111 lead with 19 seconds left, and Cleveland used its final timeout. After Mitchell's clutch shot, Brooklyn used a timeout, but Johnson saw a well-contested four-foot tip shit fall well short of the hoop. Isaac Okoro added 18, while Garland contributed 15 as the Cavaliers shot 46.8 percent. Bridges added 20, and Johnson finished with 12 as the Nets shot 50 percent but misfired on 18 of 27 3-point tries.

Persons: Donovan Mitchell, Brad Penner, Mikal Bridges, Max Strus inbounded, Darius Garland, Garland, Mitchell, Brooklyn's Cameron Johnson, Johnson, Royce, Strus, Isaac Okoro, Cam Thomas, Bridges, Cleveland, Dennis Smith Jr, O'Neale, Thomas Organizations: Cleveland Cavaliers, Brooklyn Nets, Barclays Center, Nets, Cavaliers, Brooklyn, Thomson Locations: Brooklyn , New York, USA, Cleveland, Brooklyn, midcourt

☆ NBA roundup: Mavs spoil Victor Wembanyama's debut
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +8 min

Julius Randle had 14 points and 11 rebounds for New York, while Jalen Brunson scored 15 points but shot just 6-for-21 from the field. Fred VanVleet and Dillon Brooks scored 14 points apiece in their Houston debuts. Jalen Duren (17 points, game-high-tying 14 rebounds) and Isaiah Stewart (14 points, game-high-tying 14 rebounds) recorded double-doubles for the Pistons. Anthony Edwards led the Timberwolves with 26 points and 14 rebounds, and Rudy Gobert had 15 points and 13 rebounds. Former Celtic Marcus Smart scored 17 points in his Memphis debut, and Xavier Tillman added 17 points and 12 rebounds.

Persons: Luka Doncic, Daniel Dunn, Victor Wembanyama's, Doncic, Kristaps Porzingis, Jayson Tatum, RJ Barrett, Immanuel Quickley, Julius Randle, Jalen Brunson, Paul George, Kawhi Leonard, Ivica Zubac, Russell Westbrook, Malcolm Brogdon, Anfernee Simons, Damian Lillard, Lillard, Washington, Brandon Miller, Terry Rozier's, LaMelo, Mark Williams, Miller, Gordon Hayward, Trae Young, Jalen Johnson, Saddiq Bey, Clint Capela, Bruce Brown, Brown, Tyrese Haliburton, Kyle Kuzma, Donovan Mitchell, Max Strus inbounded, Darius Garland, Garland, Mitchell, Brooklyn's Cameron Johnson, Strus, Isaac Okoro, Cam Thomas, Johnson, Shai Gilgeous, Alexander, Josh Giddey, Jalen Williams, Isaiah Joe, DeMar DeRozan, Zach LaVine, Coby White, Nikola Vucevic, Harrison Barnes, Sabonis, De'Aaron Fox, Keegan Murray, Jordan Clarkson, Lauri Markkanen, John Collins, Cole Anthony, Gary Harris, Anthony, Harris, Fred VanVleet, Dillon Brooks, Alperen Sengun, Bam Adebayo, Cade Cunningham, Adebayo, Jimmy Butler, Cunningham, Jalen, Isaiah Stewart, Dennis Schroder, Schroder, Darko Rajakovic, Anthony Edwards, Rudy Gobert, CJ McCollum, McCollum, Zion Williamson, Brandon Ingram, Desmond Bane, Ja Morant, Celtic Marcus Smart, Xavier Tillman Organizations: Dallas Mavericks, San Antonio Spurs, Frost Bank Center, Victor Wembanyama's NBA, Celtics, Knicks, Boston, New, Clippers, Trail Blazers, Portland, Milwaukee Bucks, Hornets, Hawks, Charlotte, Atlanta, Pacers, Wizards, Indiana, Cavaliers, Nets, Cleveland, Brooklyn, Thunder, Bulls, Oklahoma City, Chicago, Jazz, Utah, Rockets, Orlando, Houston, Pistons, Miami, Raptors, Timberwolves, Toronto, Minnesota, Pelicans, Grizzlies, New Orleans, Memphis, Celtic, Thomson Locations: San Antonio , Texas, USA, France, New York, Los Angeles, Portland, Atlanta . Washington, Atlanta, Washington, Indianapolis, Brooklyn, Sacramento, Salt Lake City, Kings, Houston, Jalen Duren, Toronto

Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. Elizabeth Holmes took the stand at her criminal trial, testifying over several days that she did not intend to defraud investors in her blood-testing startup, Theranos. For Bankman-Fried to be convicted of fraud, prosecutors must show beyond a reasonable doubt that he intended to defraud FTX customers or investors. Taking the stand carries the risk that he will be confronted with those media appearances as well as his use of social media. But Bankman-Fried has a lower-than-average fear of risk, according to trial testimony.

Persons: Sam Bankman, Fried, Amr Alfiky, Willkie Farr, Gallagher, Ilene Jaroslaw, Elizabeth Holmes, Holmes, Caroline Ellison, Ellison, Mike Schachter, Schachter, Tom Barrack, Donald Trump, Jean Boustani, District Judge Lewis Kaplan, Bankman, Jody Godoy, Tom Hals, Noeleen Walder, Jonathan Oatis Organizations: United, REUTERS, Prosecutors, Alameda Research, Massachusetts Institute of Technology, Detention, U.S, District, Thomson Locations: New York City, U.S, Alameda, Lebanese, Brooklyn's, New York

☆ Sam Bankman-Fried jury sees photo of FTX founder with Katy Perry, Orlando Bloom
▼ + stars: | 2023-10-16 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW York, Oct 16 - The jury at Sam Bankman-Fried's fraud trial on Monday saw a photograph of the FTX cryptocurrency exchange founder with singer Katy Perry and actor Orlando Bloom at the 2022 NFL Super Bowl. Singh is the third former member of Bankman-Fried's inner circle to testify at the trial, which started on Oct. 3. Bankman-Fried has pleaded not guilty to two counts of fraud and five counts of conspiracy tied to FTX's November 2022 collapse. Singh said another FTX executive had told him the deals were meant to help spur user growth. Since his trial, Bankman-Fried has been seen during testimony typing on a laptop and whispering to his lawyers.

Persons: Sam Bankman, Andrew Kelly, Katy Perry, Orlando Bloom, Prosecutors, Nishad Singh, FTX's, Singh, Gary Wang, Caroline Ellison, Alameda's, Fried, Perry, Michael Kives, Tom Brady, Gisele Bundchen, Steph Curry, Larry David, District Judge Lewis Kaplan, Kaplan, Luc Cohen, Nick Zieminski Organizations: FTX, Manhattan, REUTERS, Bowl, Alameda, Miami Heat's, District, Bankman, Prosecutors, New York Times, Brooklyn's Metropolitan Detention Center, Thomson Locations: New York City, U.S, Los Angeles, Brooklyn's, New York

In the memo, Bankman-Fried called Alameda's failure to hedge its bets a "mistake." When Everdell asked if the decision not to hedge was Ellison's, Wang replied that she was Alameda's CEO at the time. Prosecutors said last week they planned to call Ellison to take the stand once Wang finishes his testimony. She was seen entering the courthouse on Tuesday morning wearing a blue baseball cap and sunglasses, and carrying a blue thermos. A third former member of Bankman-Fried's inner circle, ex-FTX engineering chief Nishad Singh, is also expected to testify at trial.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Christian Everdell's, Gary Wang, Everdell, Wang, Ellison, Prosecutors, Fried, District Judge Lewis Kaplan, Nishad Singh, FTX, Christian Everdell, Mark Cohen, Luc Cohen, Jody Godoy, Noeleen Walder, Matthew Lewis, Nick Zieminski Organizations: REUTERS, Alameda Research, New York Times, U.S, District, Brooklyn's Metropolitan Detention Center, Bankman, Alameda, Thomson Locations: New York, U.S, Manhattan, Brooklyn's, Alameda, Washington ,

☆ Sam Bankman-Fried's ex-girlfriend set to take stand as fraud trial's star witness
▼ + stars: | 2023-10-10 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

REUTERS/Eduardo Munoz//File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW YORK, Oct 10 (Reuters) - Sam Bankman-Fried's fraud trial is set to resume on Tuesday with testimony from his former colleagues at the now-bankrupt FTX cryptocurrency exchange, including his onetime girlfriend Caroline Ellison. Prosecutors said last week they planned to call Ellison, the former co-chief executive officer of Bankman-Fried's Alameda Research hedge fund, to take the stand once Wang finishes his testimony. U.S. District Judge Lewis Kaplan said that likely amounted to witness-tampering, and on Aug. 11 revoked Bankman-Fried's bail. A third former member of Bankman-Fried's inner circle, ex-FTX engineering chief Nishad Singh, is also expected to testify at trial. Reporting by Luc Cohen and Jody Godoy in New York; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Gary Wang, Prosecutors, Ellison, Wang, Ellison's, Fried, District Judge Lewis Kaplan, Nishad Singh, FTX, Christian Everdell, Mark Cohen, Luc Cohen, Jody Godoy, Noeleen Walder, Matthew Lewis Organizations: REUTERS, Alameda Research, New York Times, U.S, District, Brooklyn's Metropolitan Detention Center, Bankman, Alameda, Thomson Locations: New York, U.S, Alameda, Brooklyn's, Manhattan, Washington ,

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