DIRS.INFO The most relevant business & tech news

☆ The FBI continues to ignore Jeffrey Epstein's victims even after reaching $139 million settlement for botched Larry Nassar investigation
▼ + stars: | 2024-04-26 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

The Justice Department settled over 100 claims from victims of Larry Nassar for $138.7 million. But it's ignored claims from Jeffrey Epstein victims, who say law enforcement failed to protect them. Representatives for the Justice Department didn't immediately respond to Business Insider's request for comment Friday. But the Justice Department, while not denying wrongdoing, hasn't engaged in settlement talks, he said. He said, "It's confusing and confounding" that the FBI isn't addressing the claims of Epstein's victims with the same urgency it gave Nassar's.

Persons: Larry Nassar, it's, Jeffrey Epstein, Epstein, —, Nassar, Jordan Merson, Merson, Justice Department didn't, Jane, Alexander Acosta, Donald Trump's, Ghislaine Maxwell, Acosta, Cory Booker, Marsha Blackburn, Christopher Wray, Wray, hasn't Organizations: Department, Service, Justice Department, USA Gymnastics, Justice, FBI, Business, DOJ, Miami Herald, Department's, US, US Virgin Islands Locations: New York, Florida, US Virgin

☆ Trump wishes Melania happy birthday from the hallway outside his NY criminal trial
▼ + stars: | 2024-04-26 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +3 min

In front of television cameras and a gaggle of journalists, former President Donald Trump wished his wife, Melania Trump, a very happy birthday Friday morning, moments before he entered the courtroom for his criminal hush-money trial. "I want to start by wishing my wife Melania a very happy birthday," he told reporters in the downtown Manhattan courthouse hallway. Trump is spending the day in Manhattan's criminal court, where he's on trial for charges alleging that he falsified business documents to disguise payments to porn star Stormy Daniels. AdvertisementTrump did not address why Melania Trump, or any of his other family members, have not attended the trial to support him. Trump said he listened to the arguments Thursday night, after his court day in Manhattan, and "thought it was really great."

Persons: —, Donald Trump, Melania Trump, Trump, Stormy Daniels, Jason Miller, Boris Epshteyn, Waltine Nauta, Epshteyn, David Pecker, Pecker, Daniels, Karen McDougal Organizations: Service, Hallmark, Business, National Enquirer Locations: Manhattan, Florida, Arizona, Trump's Florida

☆ Supreme Court justices dance around question of whether Trump could pardon himself if he wins reelection
▼ + stars: | 2024-04-25 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Self-pardoning wasn't on the table at Thursday's Supreme Court hearing. The Supreme Court has never ruled on whether such a move would be permissible. The purpose of the hearing was for the Supreme Court to hear arguments over whether Trump should be immune from criminal prosecution for his conduct as president. He told Michael Dreeben, the lawyer representing Smith's team, that the question might be crucial as the Supreme Court deliberates the scope of presidential immunity. In order to obtain a pardon, he would have to be convicted and serve at least five years of a sentence.

Persons: Alito, —, Donald Trump, could've, Trump, — Samuel Alito, Neil Gorsuch —, Jack Smith's, Smith, Gorsuch, he'll, We've, it's, Michael Dreeben, haven't, Gerald Ford, Richard Nixon, Dreeben, Joe Biden, Stormy Daniels Organizations: Thursday's, Trump, Service, NBC, Mar, DC Circuit, Justice Department's, Justice Department Locations: New York, Manhattan, Georgia

☆ Trump's lawyer says presidents could get away with crimes if they aren't discovered until after they leave office
▼ + stars: | 2024-04-25 | by ( Jacob Shamsian | Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Trump's lawyers say a president can get away with crimes if Congress doesn't find out about it while they're in office. If a president leaves before Congress can impeach and convict, they're home free, Trump's lawyers say. Related storiesIn oral arguments Thursday, Justice Amy Coney Barrett asked what would happen if potential criminal conduct wasn't discovered until after a president already left office. "What if the criminal conduct isn't discovered until after the president is out of office, so there was no opportunity for impeachment?" Smith didn't bring his indictment against Trump until the summer of 2023 — more than two years after Trump left office.

Persons: doesn't, they're, —, It's, Donald Trump, Trump's, John Sauer, don't, Trump, Jack Smith's, Amy Coney Barrett, wasn't, isn't, Sauer, Antonin Scalia, Smith didn't, Joe Biden's Organizations: Supreme, Service, US, US Senate, Trump

It's unclear when the Supreme Court will release its decision on Trump's claims. Trump's trial was supposed to have begun last month, but depending on how the Supreme Court rules in this case, it could be delayed past the election. As of now, Trump's Manhattan hush-money trial is his only criminal trial to have started. Trump could not attend oral arguments at the Supreme Court due to the New York trial, in which he stands charged with 34 counts of business fraud related to hush-money payments made to porn star Stormy Daniels. Their ruling could have sweeping effects on the future of the presidency, particularly if they accept some of Trump's argument that a Nixon-era Supreme Court decision on civil immunity applies to criminal charges as well.

Persons: —, Donald Trump, Sonia Sotomayor, D, John Sauer, Sauer, Saur, Sotomayor interjected, he's, Sotomayer, Jack Smith, Trump, Stormy Daniels, Smith, Nixon, Joe Biden Organizations: Service, Business, Trump Locations: Manhattan, York

☆ The Supreme Court is about to decide if a president can get away with committing crimes while in office
▼ + stars: | 2024-04-24 | by ( Jacob Shamsian | Brent D. Griffiths | ) www.businessinsider.com time to read: +12 min

Donald Trump is asking the Supreme Court to recognize that he had total legal immunity as president. Trump is asking the Supreme Court to grant him a sweeping immunity mandate as he runs to recapture the presidency. "This may indeed be the most important US Supreme Court case in the history of our country," he told journalists at a panel organized by the Defend Democracy Project. The Supreme Court will likely issue a decision in late April. "The Supreme Court need not stray into other questions just because Trump has made it easy for them.

Persons: Donald Trump, Jack Smith's, —, Trump, Jack Smith, Richard Nixon, David Frost, Smith, He's, Stormy Daniels, Todd Blanche, David Pecker, Tanya Chutkan, Barack Obama, Dana Verkouteren, doesn't, MANDEL NGAN, Nixon, Gerald Ford's, Ford, Leon Jaworski, indicting Nixon, Robert Ray, Bill Clinton, Monica Lewinsky, Donald Ayer, Ronald Reagan, George H.W, Bush, it's, Justice Department's, Chutkan, BRENDAN SMIALOWSKI, framers, Mark Meadows, Norm Eisen, Obama's Organizations: Service, Justice Department, Capitol, Department, Air Force, Nixon, Trump, Prosecutors, AP, Getty, Independent, Department of Justice, Defend, Justice, White House Locations: Washington , DC, Georgia, Florida, New York, Manhattan, United States, AFP, Fulton County

AdvertisementDonald Trump enters his first criminal trial every day flanked by lawyers, court officers, Secret Service members, and political advisors. AdvertisementFormer President Donald Trump speaks alongside his wife, former first lady Melania Trump, during a rare joint appearance as they arrived to vote in Florida's primary election. Bederow explained that Melania Trump's courtroom support could be "potentially very powerful" given the salacious nature of the hush-money case against Trump. Danilewitz said Trump's defense team may have a different strategy in mind when it comes to Melania Trump. If Trump's family does decide to show up Monday, they might want to wear sweaters.

Persons: Donald Trump's, —, Donald Trump, Melania Trump, Giorgio Viera, Mark Bederow, Bederow, Melania, I'm, Trump, Stormy Daniels, Daniels, Jill Huntley Taylor, Huntley Taylor, they're, he's, Julia Vitullo, Martin, Trump's, it's, Sam Bankman, Fried, Ghislaine Maxwell, Jeffrey Epstein, Jane Rosenberg Melania Trump, Jean Carroll, Carroll, Justin Danilewitz, Brendan McDermid, Arthur Aidala, Rudy Giuliani, Harvey Weinstein, It's, That's, Aidala, Danilewitz, Todd Blanche, Susan Necheles, Emil Bove, Gedalia Stern —, Steven Cheung, Jason Miller, Margo Martin, Natalie Harp, Clifford Robert, Donald Trump ., Ivanka Trump, Eric Trump, Donald Trump Jr, Donald Jr Organizations: Service, Secret Service, Getty, Trump, Prosecutors, Vera Institute of Justice, REUTERS, AP, Former Brooklyn, New, Trump Organization, Melania Trump, New York Times Locations: Manhattan, New York

☆ Trump will face a grueling cross-examination about his lying, defaming, and books-cooking if the DA gets his way
▼ + stars: | 2024-04-19 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Read previewIf former President Donald Trump keeps his promise to testify at his hush-money trial, cross-examination could get ugly. Prosecutors want to roast him on the stand for violating court orders, as the same fraud trial judge also found, in repeatedly citing Trump for gag-order violations. Related stories"We object to each," defense lawyer Emil Bove had said of all the acts prosecutors want to bring into the case. AdvertisementDuring the nearly two-hour Sandoval hearing, Bove complained of the DA's plans to the trial judge, state Supreme Court Justice Juan Merchan. When defense lawyer Susan Necheles suggested that not knowing the name now might "delay the trial," the judge reacted sternly.

Persons: —, Donald Trump, Trump, E, Jean Carroll, what's, Sandoval, — scowling, Emil Bove, Bove, Juan Merchan, Carroll, Matthew Colangelo, Attorney Alvin Bragg, Merchan, Susan Necheles, Necheles Organizations: Service, Trump, Prosecutors, Business, Trump Organization, GOP, Attorney Locations: Manhattan

A man set himself on fire outside the Manhattan courthouse where Donald Trump stands trial. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA man lit himself on fire Friday outside of the Manhattan courthouse where Donald Trump's criminal hush-money trial is taking place, witnesses and police sources told Business Insider. "I am an investigative researcher who has set himself on fire outside of the Trump trial in Manhattan," he wrote. AdvertisementThe incident didn't interfere with Trump's ongoing trial, as the court was on a lunch break at the time.

Persons: Donald Trump, —, Donald, Witnesses, Trump Organizations: Service, Business, New York Police, Trump Locations: Manhattan, Pond

☆ 12 jurors — including 3 finance guys and a woman whose friend is a convicted fraudster — have been chosen for Trump's Manhattan criminal trial
▼ + stars: | 2024-04-18 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +6 min

Read previewTwelve of Donald Trump's peers — 7 men, and 5 women — have been chosen to decide the first-ever criminal trial of a former US president. On Thursday afternoon, New York Supreme Court Justice Juan Merchan selected the 12th juror in Trump's Manhattan criminal case. AdvertisementTwo men chosen in the afternoon filled seats that had been vacated earlier in the day. One out of six alternate jurors, a woman, was also chosen. AdvertisementThere's a man who says he knows "little" about Trump's criminal cases and gets his news from The New York Times, The Daily Mail, Fox News, and MSNBC.

Persons: —, Donald Trump's, Juan Merchan, Merchan, Trump, doesn't, Donald Trump, Todd Blanche, Christine Cornell, Stormy Daniels, Blanche, That's, Joshua Steinglass, I'm Organizations: Service, Business, The New York Times, The Daily Mail, Fox News, MSNBC, AP Pool Trump, Prosecutors Locations: Manhattan, New

Donald Trump's criminal hush-money trial in New York lost a juror Thursday over privacy concerns. The judge scolded press for revealing too much information about jurors in the historic trial. AdvertisementA juror who had already been seated in Donald Trump's criminal hush-money trial in New York was excused Thursday after she expressed concerns about her identity possibly being revealed to the public. "Yesterday alone I have had friends, family push things to my phone regarding questioning my identity as a juror," the juror then told the judge in the courtroom. Advertisement"We just lost what may have been a very good juror," Merchan added.

Persons: Donald, —, Donald Trump's, Juan Merchan, Merchan, we've, empaneled Organizations: Service, New Locations: New York

☆ Prosecutors want Trump held in contempt for 'disturbing' Truth Social post attacking prospective jurors
▼ + stars: | 2024-04-18 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +3 min

Read previewManhattan prosecutors in Donald Trump's criminal hush-money case asked the judge presiding over the case to sanction him for attacking prospective jurors in the trial, arguing the former president had repeatedly violated his gag order. Related storiesMerchan issued a gag order in the case forbidding Trump from making statements about trial jurors, witnesses, staff prosecutors, and family members of Merchan and Manhattan District Attorney Alvin Bragg. Prosecutors accused Trump of violating it on Monday with attacks on Daniels and Michael Cohen, Trump's former lawyer. On Thursday, Conroy said Trump violated the gag order seven more times, with attacks on Cohen on social media and on his campaign website. Merchan previously scheduled a hearing for next Tuesday to determine whether Trump violated his gag order.

Persons: —, Donald Trump's, Christopher Conroy, Jesse Watters, Trump, Watters, Conroy, Juan Merchan, Merchan, Stormy Daniels, Attorney Alvin Bragg, Daniels, Michael Cohen, Trump's, Cohen, Emil Bove, Bove Organizations: Service, Trump, Fox News, Business, Liberal, New, Prosecutors, Manhattan, Attorney Locations: Manhattan, Merchan

☆ Trump keeps complaining his Manhattan trial is keeping him off the campaign trail, but it's his own legal strategy that will drag it out
▼ + stars: | 2024-04-16 | by ( Jacob Shamsian | Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

Trump has griped that his ongoing criminal hush-money trial — for 34 counts of falsifying business documents — is impairing his campaign to recapture the presidency. He has scheduled events across the country on Wednesdays, the one day each week the trial is not scheduled to take place. According to The Washington Post, Trump's legal team has decided not to stipulate to anything and to fight over everything. (Daniels and Trump were photographed together in 2006, and Daniels attended a Trump vodka event the following year.) This can be "frustrating" for the court in a practical sense, Bederow said, but Trump "has a right to do it."

Persons: —, Donald Trump, Trump, didn't, Barron's, Mark Bederow, Stormy Daniels, Michael Cohen, Daniels, Cohen, Stephanie Clifford, Bederow, That's Organizations: Service, Business, Trump, Trump's, The Washington Post, Republican, District Locations: Manhattan, Pennsylvania, Florida, North Carolina , Georgia

☆ Trump is struggling to stay awake at his first criminal trial. It's going to be a long 6 weeks.
▼ + stars: | 2024-04-16 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +3 min

Donald Trump appears to be struggling to stay awake at his criminal trial. For the 2nd day, he's repeatedly closed his eyes for minutes at a time before jolting to attention. In Manhattan's criminal trial court, reporters aren't seated close enough to Donald Trump to hear if he's snoring. On Tuesday morning, Trump closed his eyes for more than a minute at a time on at least a half-dozen occasions. AdvertisementIf Trump finds criminal court proceedings a good time to nap, he will likely have more opportunities to catch some Zs in the near future.

Persons: Donald Trump, he's, —, recedes, aren't, Stormy Daniels, Trump, Todd Blanche, Maggie Haberman Organizations: Service, Prosecutors, New York Times, CNN, Trump, Mar Locations: Manhattan, Georgia, Washington, Florida

Jury selection continues Tuesday in Donald Trump's Manhattan hush-money trial. Trump gave reporters a preview of his potential defense before he entered the courtroom. Meanwhile, jury selection continued for a second day on Tuesday. AdvertisementNo jurors were selected during four hours of jury selection on Monday, a day that began with a half-day of arguments over pretrial motions. He has appeared to struggle to stay awake during the sometimes tedious jury selection process.

Persons: Donald Trump's Manhattan, Trump, —, Stormy Daniels, Defendant, Michael Cohen, Juan Merchan, District Attorney Alvin Bragg, Donald Trump Organizations: Service, Trump Organization, Trump, District Attorney Locations: Donald, Manhattan

☆ Judge bench-slaps Trump lawyer 5 times on day 1 of hush money trial
▼ + stars: | 2024-04-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Merchan didn't hit Blanche as hard as a federal judge in Manhattan has hit Trump lawyer Alina Habba for her lawyering. During the E. Jean Carroll defamation trial in January, Judge Lewis Kaplan bench-slapped Habba 14 times during a single day of testimony. "Please direct me to the portion of the original gag order, or the subsequent gag order, where it makes any exception if Mr. Trump feels he is under attack. The judge told Blanche to file a response, in writing, explaining why Trump should not be held in contempt for violating the gag order. The judge paused, then added, with some sarcasm, "I don't recall inserting that anywhere in either gag order."

Persons: —, Juan Merchan, Donald Trump's, — Trump's, Todd Blanche, Merchan didn't, Blanche, Alina Habba, Jean Carroll, Lewis Kaplan, Joshua Steinglass, blanch, I've, Merchan, Blanche's, Trump, Donald Trump, Susan Necheles, Timothy A, Clary, — Michael Cohen, Stormy Daniels, Daniels, Cohen, Chris Conroy, Conroy, Trump's, snarked, — Merchan, meekly, Emil Bove, Jabin, — Blanche, Jack Smith, didn't, Steinglass, incredulously Organizations: Service, Business, Reuters, Former U.S, Manhattan Criminal, Justice Locations: New, Manhattan, Trump's, balking, New York City, New York, New York County

☆ Hush-money judge angrily scolds Trump, suggesting he tried to intimidate prospective juror: 'I will not tolerate that'
▼ + stars: | 2024-04-16 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +3 min

I will not tolerate that," New York Supreme Court Justice Juan Merchan told Trump's lead lawyer, Todd Blanche, raising his voice. The warning came Tuesday afternoon, shortly after the questioning of a prospective juror over what Blanche called her "hostile" social-media posts. AdvertisementBlanche suggested the prospective juror had earlier on Tuesday portrayed herself as able to be impartial. Jurors handed Trump a loss in that case, ordering him to pay Carroll more than $80 million in damages. AdvertisementMerchan has been keenly aware of the courtroom dynamics while interviewing prospective jurors, a process that's expected to last about two weeks.

Persons: —, Donald, Juan Merchan, Trump's, Todd Blanche, Blanche, Joe Biden's, Merchan, Trump, gabbing, Jean Carroll's, Carroll, Lewis Kaplan, Stormy Daniels Organizations: Service, Business, Facebook, day's, Trump Locations: New York City

☆ Hush money judge angrily scolds Trump, suggesting he tried to intimidate prospective juror: 'I will not tolerate that'
▼ + stars: | 2024-04-16 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +3 min

I will not tolerate that," New York Supreme Court Justice Juan Merchan told Trump's lawyer, Todd Blanche, raising his voice. The warning came Tuesday afternoon, shortly after the questioning of a prospective juror over what Blanche called her "hostile" social media posts. AdvertisementBlanche suggested that the prospective juror had earlier Tuesday portrayed herself as able to be impartial. Jurors handed Trump a loss in that case, ordering him to pay Carroll more than $80 million in damages. Merchan has been keenly aware of the courtroom dynamics while interviewing prospective jurors, a process that is expected to last about two weeks.

Persons: —, Donald, Juan Merchan, Todd Blanche, Blanche, Joe Biden's, Merchan, Trump, gabbing, Jean Carroll's, Carroll, Lewis Kaplan, Stormy Daniels Organizations: Service, Business, Facebook, Trump Locations: New York City

Donald Trump is in court for his first criminal trial. It is the grimy, hot, and poorly lit location of the first-ever criminal trial of a former US president. Monday marked the start of jury selection, presided over by Manhattan Supreme Court Justice Juan Merchan and expected to last up to two weeks. Just before the lunch break, Christopher Conroy, an assistant district attorney, accused Trump of violating the gag order. AdvertisementFormer President Donald Trump appears with his legal team at the start of jury selection in his criminal trial in New York City.

Persons: Donald Trump, Trump, —, Juan Merchan, Stormy Daniels, Daniels, Michael Cohen, Merchan, Attorney Alvin Bragg, Christopher Conroy, Conroy, Cohen, Stephanie Clifford, — Trump, Jabin, Melania Trump, Trump's, there's, Joe Biden, Jean Carroll, Lewis Kaplan, Jack Smith, Fani Willis Organizations: Service, Manhattan Supreme, Trump, Manhattan, Attorney, New, Yorkers, Republican, US, Trump Organization, Justice Locations: New York County, Manhattan, Merchan, New York, America, New York City, Jabin, Mar, Fulton County, Georgia

Read previewThe judge presiding over Donald Trump's historic criminal trial has barred testimony that the former president's wife, Melania Trump, was pregnant at the time a former Playboy model says she had an affair with Donald Trump. Additionally, Steinglass explained that during the trial, he planned to bring into evidence how McDougal claims she had the affair with Trump while Melania Trump was pregnant with their now-18-year-old son Barron. AdvertisementThe McDougal-Trump narrative includes "that Karen McDougal was a former Playboy model," and that the affair began "when his wife, Melania, was pregnant with his child," Steinglass said. AdvertisementDonald Trump's lead attorney, Todd Blanche, argued strenuously against any evidence concerning a "literally just salacious with no value." Merchan ruled that he would allow prosecutors to talk about Trump's alleged affair with McDougal during the trial — but that he would not permit them to mention that Melania Trump was pregnant at the time.

Persons: —, Donald Trump's, Melania Trump, Donald Trump, Joshua Steinglass, Juan Merchan, Karen McDougal, McDougal, Steinglass, Trump, Barron, Melania, Trump's, Stormy Daniels, Todd Blanche, Blanche, It's, Merchan, Daniels, Prosecutors, Michael Cohen Organizations: Service, Playboy, New, Business, Trump, American Media Inc, National Enquirer, AMI Locations: Manhattan

Donald Trump is in court for his first criminal trial. He stepped into Manhattan criminal court Monday morning, where jury selection will soon begin. It is the location of the first-ever criminal trial of a former US president. AdvertisementIn the hallway before walking into the courtroom, Trump criticized the case, telling journalists it was a "political persecution." Trump has been charged in three other criminal cases, none of which have firm trial dates yet.

Persons: Donald Trump, —, Trump, Todd Blanche, Juan Merchan, Stormy Daniels, Daniels, there's, Joe Biden, Merchan, Manhattan DA Alvin Bragg, Jean Carroll, Lewis Kaplan, Jack Smith, Fani Willis Organizations: Service, Manhattan, Republican, Manhattan DA, US, New, Trump Organization, Justice Locations: Manhattan, York County, America, Merchan, New York, Mar, Fulton County, Georgia

Donald Trump's criminal trial may prevent him from attending son Barron's high school graduation. The judge has not yet decided on Trump's request to skip trial for the graduation event. AdvertisementDonald Trump may have to miss out on his son Barron's high school graduation ceremony next month due to the timing of the former president's first historic criminal trial. Trump's hush-money trial kicked off with jury selection on Monday in a Manhattan courtroom. As the court prepared for the first day of voir dire, New York Supreme Court Justice Juan Merchan said he received requests from Trump's attorneys for the former president to skip out on the trial on May 17 so that he could attend Barron Trump's high school graduation in Florida.

Persons: Donald Trump's, Barron's, —, Donald Trump, Juan Merchan, Barron Organizations: Service, Barron Trump's Locations: Manhattan, New, Florida

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

Related storiesEven so, he said he did not think the story of why customers suffered "has been told or told correctly." Customers "could have been paid back" at 2022 prices or current prices, including inflation, Bankman-Fried claimed. Kaplan didn't buy the argument, calling it "speculative" and "misleading." Before handing down Bankman-Fried sentence, Kaplan said he wanted to prevent him from committing more harm, noting that he has previously marketed himself to the media to rebrand his image and version of events at FTX. Bankman-Fried faced a maximum of 110 years in prison following the collapse of FTX.

Persons: —, Sam Bankman, Fried, Lewis Kaplan, It's, Sunil Kavuri, Adam M, Moskowitz, Kavuri, FTX, Kaplan, that's, Kaplan didn't, Fried perjured, didn't, it's, Prosecutors, Bernie Madoff, Damian Williams, " Williams, Williams Organizations: Service, Business, Southern, of Locations: Manhattan, FTX, of New York

☆ Sam Bankman-Fried appeared to wipe away tears during sentencing while his dad held his head in his hands and his mom stared out the window
▼ + stars: | 2024-03-28 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried, former CEO of FTX, was sentenced to 25 years in prison on Thursday. US District Judge Lewis Kaplan said Bankman-Fried didn't express remorse for his crimes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Speaking before the court, Bankman-Fried apologized for the pain caused to customers, maintaining that they could all be repaid in full. Prior to handing down the 25-year sentence, Kaplan called Bankman-Fried a "mathematical wizard," saying he essentially ran a cost-benefit analysis of getting caught versus getting away with fraud.

Persons: Sam Bankman, Lewis Kaplan, Bankman, —, Fried, Joseph Bankman, Barbara Fried, Elizabeth Williams, Marc Mukasey, Nicolas Roos, villainizing, Roos, Kaplan Organizations: Service, AP Locations: Manhattan

Search resuls for: "Jacob Shamsian"

25 mentions found