DIRS.INFO The most relevant business & tech news

watch nowFTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research. FTX founder Sam Bankman-Fried leaves the U.S. courthouse in New York City on July 26, 2023. Instead, "He's an awkward math nerd" with a "tireless work ethic," said the lawyer, who also compared the FTX founder to "a beautiful puzzle." In this courtroom sketch, FTX founder Sam Bankman-Fried attends his sentencing hearing at federal court in New York City on March 28, 2024. Barbara Fried and Allan Joseph Bankman, parents of FTX co-founder Sam Bankman-Fried, arrive at court in New York on March 28, 2024.

Persons: Sam Bankman, Fried, Lewis Kaplan, Kaplan, FTX, District Judge Lewis Kaplan, Jane Rosenberg, Bankman, convicting, Prosecutors, Amr Alfiky, It's, Marc Mukasey, Torrey Young, Nicolas Roos, scoffed, Roos, Mukasey, Sam, Sunil Kavuri, Damian Williams, Samuel Bankman, " Williams, General Merrick Garland, Joseph Bankman, Barbara Fried, Allan Joseph Bankman, Yuki Iwamura, Caroline Ellison, Nishad Singh, Gary Wang Organizations: Alameda Research, ., U.S, District, Reuters, Republicans, Manhattan U.S, Stanford Law, Bloomberg, Getty, Bankman Locations: Manhattan, New York City, U.S, FTX, Kavuri, New York

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 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

☆ Sam Bankman-Fried faces sentencing this week. Here’s what to expect
▼ + stars: | 2024-03-27 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Sentencing is a much more fluid process, with both sides allowed to make sweeping arguments to try to make their case to the judge. But instead, his life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money,” prosecutors wrote in a memo. In a letter to the court, Marc Mukasey, the lawyer Bankman-Fried retained for sentencing, called the government’s memo “disturbing” and accused the government of trying to “break” Bankman-Fried. His behavior may come back to haunt Bankman-Fried in sentencing, Fischer said. But legal experts say that even if 100% of FTX customers get their money back, it’s not necessarily going to sway the judge to go easy on Bankman-Fried.

Persons: Sam Bankman, Judge Lewis Kaplan, ”, Kaplan, Howard Fischer, Moses Singer, Prosecutors, Fried, Marc Mukasey, Bankman, ” Mukasey, “, Sam, ’, Caroline Ellison, Fischer, ” Ellison, Bernie Madoff, it’s, ’ ”, John Ray, ” Ray Organizations: New, New York CNN, Southern, of, Prosecutors, Bankman, MIT, Detention, ” Prosecutors, Alameda Research Locations: New York, Manhattan, of New York, Palo Alto , California, Brooklyn, Bankman, FTX, Alameda

☆ Sam Bankman-Fried's lawyers say prosecutors are treating their client like a 'depraved super-villain' with 'dark and megalomaniacal motives'
▼ + stars: | 2024-03-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's lawyers slammed the 40 to 50-year prison sentence prosecutors recommended. Bankman-Fried's lawyers accused prosecutors of casting him as a "depraved super-villain." AdvertisementLawyers for Sam Bankman-Fried are pushing back against the 40 to 50-year prison sentence prosecutors have recommended for their client. "It adopts a medieval view of punishment to reach what amounts to a death-in-prison sentencing recommendation," Bankman-Fried's lawyers wrote. Related storiesThis isn't the first time Bankman-Fried's lawyers have pleaded for leniency.

Persons: Sam Bankman, —, Lewis Kaplan, Fried, Marc Mukasey, Mukasey, they've, Barbara Fried, Kaplan Organizations: Service, Bankman Locations: Delaware

NEW YORK (AP) — FTX founder Sam Bankman-Fried's orchestration of one of history's largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge. “His life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money. And even now Bankman-Fried refuses to admit what he did was wrong,” prosecutors wrote. Bankman-Fried was extradited to the United States in December 2022 from the Bahamas after his companies collapsed a month earlier. “Even following FTX’s bankruptcy and his subsequent arrest, Bankman-Fried shirked responsibility, deflected blame to market events and other individuals, attempted to tamper with witnesses, and lied repeatedly under oath,” prosecutors said, citing his trial testimony.

Persons: — FTX, Sam Bankman, Prosecutors, Tom Brady, Larry David, “, Fried, ”, ” “, Judge Lewis A, Kaplan, Marc Mukasey, “ Sam, ” Mukasey, — Locations: Manhattan, ”, United States, Bahamas, Palo Alto , California

☆ Prosecutors want Sam Bankman-Fried to serve 40 to 50 years in prison for FTX fraud
▼ + stars: | 2024-03-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Federal prosecutors are calling for onetime crypto billionaire Sam Bankman-Fried to be sentenced to 40-50 years in prison for stealing billions of dollars from customers and defrauding investors in his now-bankrupt crypto exchange, FTX. Bankman-Fried, who turned 32 this month, was convicted in November of stealing more than $8 billion and engaging his employees in a yearslong coverup, in what prosecutors have called one of the largest financial frauds in history. “The enormous scale of the fraud at FTX is measured not just by the amount of money that was stolen,” prosecutors said in a filing in Manhattan federal court on Friday. Under federal sentencing guidelines, Bankman-Fried could face a maximum sentence of 110 years. Bankman-Fried’s lawyer, Marc Mukasey, told CNN on Friday the defense would have a response “early next week.”

Persons: Sam Bankman, “, Fried, Lewis Kaplan, Prosecutors, ”, Marc Mukasey Organizations: New, New York CNN, Federal, ”, Bankman, CNN Locations: New York, Manhattan, Brooklyn

☆ 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

☆ Sam Bankman-Fried’s lawyers push for 6-year sentence in multibillion-dollar FTX fraud
▼ + stars: | 2024-02-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

Under federal sentencing guidelines, he could face a maximum of 110 years. In the memo, Bankman-Fried’s lawyer, Marc Mukasey, asks the judge overseeing the case to reject the pre-sentencing report prepared by the Probation Department, which recommends a 100-year sentence. Considering Bankman-Fried’s “charitable works and demonstrated commitment to others” Mukasey recommends a prison sentence between five and six-and-a-half years. The judge overseeing the case, Lewis Kaplan of the Southern District of New York, will weigh several factors in deciding Bankman-Fried’s sentence, including arguments from prosecutors, defense counsel and the recommendations from the Probation Department. Typically, in white-collar crimes, the bigger the financial loss, the longer the sentence.

Persons: Sam Bankman, Fried, Marc Mukasey, ”, “, ” Mukasey, —, Mukasey, FTX, Lewis Kaplan, Jordan Estes, Kramer Levin, Estes Organizations: New, New York CNN, Probation Department, Southern, of, Department, ”, US Attorney’s, Southern District Locations: New York, Manhattan, FTX, Brooklyn, of New York

☆ Sam Bankman-Fried's lawyer says sentencing the FTX founder to a 100-year prison term would be 'grotesque' and 'barbaric'
▼ + stars: | 2024-02-28 | by ( Kwan Wei Kevin Tan | Jacob Shamsian | ) www.businessinsider.com time to read: +1 min

Probation officers have recommended a 100-year prison term for FTX founder Sam Bankman-Fried. "That recommendation is grotesque," Bankman-Fried's lawyer, Marc Mukasey said on Tuesday. Mukasey said Bankman-Fried's sentence should instead be between five to six-and-a-half years. AdvertisementSam Bankman-Fried's lawyer thinks that the probation office has gone too far with the punishment they want to mete out to his client. That recommendation is grotesque," attorney Marc Mukasey wrote in a sentencing memorandum filed on Tuesday, referencing a pre-sentencing report by probation officers.

Persons: Sam Bankman, Marc Mukasey, Mukasey, —, Sam Organizations: Service, Business

☆ An ex-cop in jail with Sam Bankman-Fried says he's eating 'disgusting-looking beans and week-old brown lettuce' because of his veganism
▼ + stars: | 2024-02-28 | by ( Kwan Wei Kevin Tan | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Read previewSam Bankman-Fried is maintaining his vegan diet in jail, but it's not going very well. Carmine Simpson, an ex-NYPD officer behind bars with Bankman-Fried, wrote a letter to US District Judge Lewis Kaplan where he pleaded for leniency on Bankman-Fried's behalf. Kaplan is set to sentence Bankman-Fried on March 28, months after the FTX founder was found guilty of seven counts of fraud and conspiracy in November. First photo of Sam Bankman-Fried in jail at MDC Brooklyn. Representatives for Bankman-Fried did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Sam Bankman, it's, Carmine Simpson, Lewis Kaplan, Kaplan, Sam, Simpson, Fried, Marc Mukasey, Joseph Bankman, Barbara Fried, Tiffany Fong, He's, I've, Fong Organizations: Service, ex, Business, MDC Brooklyn, Bankman, Business Insider

☆ FTX fraudster Bankman-Fried seeks less than 7 year sentence, claims he is at risk of 'harm and extortion' in prison
▼ + stars: | 2024-02-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +7 min

Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. "The harm to customers, lenders, and investors is zero," Bankman-Fried's lawyers wrote. The lawyers wrote that Bankman-Fried has a "neurodiversity" that "greatly affects how he perceives and is perceived." It is not a disease or a condition that needs to be cured," the lawyers wrote. "Individuals with ASD are often at considerably greater risk of physical harm and extortion in prison than other inmates," the lawyers wrote.

Persons: Sam Bankman, Fried, Joseph Bankman, Barbara Fried, Lewis Kaplan, —, Michael Milken, Damian Williams, Williams, Kaplan, Marc Mukasey, Sam, Drexel Burnham Lambert, Milken Organizations: Bankman, Alameda Research, The Manhattan U.S, PSR, Defense, Drexel, CNBC PRO Locations: New York, FTX, Manhattan, Alameda, Brooklyn , New York

☆ Sam Bankman-Fried's parents are begging a judge to keep him out of prison, warning their son's social awkwardness could put him in 'extreme danger'
▼ + stars: | 2024-02-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Bankman-Fried's lawyers filed a sentencing submission, asking for a prison sentence of no longer than 78 months — or six-and-a-half-years. The US Probation Office, which issues sentencing reports that judges typically rely on, recommended 100 years behind bars — which Bankman-Fried's lawyers called "barbaric." Advertisement"That recommendation is grotesque," Bankman-Fried's lawyers wrote. Sam Bankman-Fried's approach to veganism illustrated both his selflessness and awkwardness, his younger brother, Gabriel Bankman-Fried, wrote in a letter to the judge. In the sentencing submission, Bankman-Fried's lawyers argue that "the most reasonable estimate" for how much his victims lost was "zero."

Persons: —, Sam Bankman, Barbara Fried, Joseph Bankman, Gabriel Bankman, neurodiversity, Sam, Bankman, Lewis Kaplan, Fried, Jane Rosenberg, FTX, Michael M Santiago, Carmine Simpson, Simpson, That's, Gabriel, Seth Wenig, Marc Mukasey, Torrey Young, weren't, Barbara Fried —, John J, Ray III, John Ray Organizations: Service, Business, US, Prosecutors, Alameda Research, Office, Stanford Law, MIT, Wall, of Prisons, San, United, AP Locations: Manhattan, FTX, Brooklyn, Bahamas

☆ Sam Bankman-Fried Makes His Last Stand
▼ + stars: | 2024-02-27 | by ( David Yaffe-Bellany | Matthew Goldstein | ) www.nytimes.com time to read: +1 min

Since Sam Bankman-Fried was convicted of fraud last year, he has hired a new lawyer known for courtroom showmanship. A group of sympathetic law professors has pushed for a reappraisal of his actions. And his parents have turned for help to former employees of FTX, the collapsed cryptocurrency exchange he founded. From a federal detention center in Brooklyn, Mr. Bankman-Fried, 31, has continued to fight his case behind the scenes, as he argues for a lenient sentence and prepares to appeal his conviction. Since last year’s trial, Mr. Bankman-Fried has hired Marc Mukasey, who once represented former President Donald J. Trump, to oversee his sentencing, as well as a separate lawyer at the law firm Shapiro Arato Bach to handle the appeal.

Persons: Sam Bankman, Fried, Bankman, Lewis A, Kaplan, Marc Mukasey, Donald J, Trump, Shapiro Arato Bach, Joe Bankman, Barbara Fried Organizations: FTX, Stanford University Locations: Brooklyn, U.S, Manhattan, FTX

☆ Judge allows Sam Bankman-Fried to keep his new lawyers after prosecutors warn of conflict of interest
▼ + stars: | 2024-02-21 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +4 min

Read previewUS District Judge Lewis Kaplan ruled that Sam Bankman-Fried could retain his new lawyers despite a noted conflict of interest. Questioned thoroughly by Kaplan, Bankman-Fried affirmed that he wanted to keep his new attorneys, waiving his right to "conflict-free representation," as Kaplan put it. They're expected to help Bankman-Fried with his sentencing hearing, scheduled for late March. In their February letter, prosecutors said Kaplan should hold a Curcio hearing, where the judge could ask Bankman-Fried and his lawyers questions to determine whether a legitimate conflict of interest exists and whether they would waive it for the sentencing hearing. This has the potential to create a conflict in the representation of Bankman-Fried and Mashinsky," prosecutors wrote in the letter.

Persons: —, Lewis Kaplan, Sam Bankman, Fried, Kaplan, Marc Mukasey, Torrey Young, waiving, Mukasey, Young, They're, Alex Mashinsky, Caroline Ellison, Mashinsky, Prosecutors, Michael Mukasey, George W, Bush, Eddie Gallagher, Eric Trump, Matt Gaetz, Alexandra Shapiro, Shapiro, Nicolas Roos Organizations: Service, Bankman, Business, Justice Department Prosecutors, Alameda Research, Prosecutors, Mashinsky, Navy, New, Trump Locations: Manhattan, Alameda, New York

☆ The conservative legal world lines up behind Donald Trump at the Supreme Court
▼ + stars: | 2024-01-26 | by ( Joan Biskupic | ) edition.cnn.com time to read: +9 min

CNN —As Donald Trump wages a Supreme Court battle to stay on state presidential ballots, a potent contingent of the conservative legal world has united behind him. The new filings in the case of Trump v. Anderson also reinforce the tight world of Supreme Court lawyering. From the start, the Colorado voters trying to keep Trump off the ballot, and who won at the state Supreme Court level, have been represented by former US Supreme Court clerks who’ve become prominent advocates. In this screengrab from video, Jonathan Mitchell speaks during a panel on Supreme Court Justice Antonin Scalia's legacy in April 2016. A decision could come any day, and when that happens, the case of United States v. Trump would, no doubt, return to the justices.

Persons: Donald Trump, Jonathan Mitchell, Roe, Wade, Elena Kagan, Trump, who’ve, Noel Francisco, George W, Bush, John Yoo, Antonin Scalia, Clarence Thomas, Anderson, Mitchell, Thomas, Scalia, Jason Murray, Justice Kagan, Eric Olson, Sean Grimsley, John Paul Stevens, Sandra Day O’Connor, Joe Biden, “, United States …, ” Mitchell, United States ’, ”, Francisco, William Barr, Michael Mukasey, Edwin Meese, Trump’s, Antonin Scalia's, Scott Gessler, Jack Smith Organizations: CNN, Republican National Committee, GOP, Trump, Colorado, White, Colorado Supreme, Capitol, Confederate, United, National Republican, University of Chicago, Supreme, SPAN, Republican, Dhillon Locations: Texas, Colorado, United States

“The thing you’ve got to do primarily is set rules and enforce them,” said John S. Martin Jr., a former U.S. District Court judge in Manhattan. In Ms. Carroll’s defamation trial, Mr. Trump seemed almost to be goading Judge Kaplan into throwing him out of the courtroom. After his two recent confrontations with the judges, Mr. Trump held news conferences before cheering supporters in the lobby of his building at 40 Wall Street. Ms. Carroll’s defamation trial is being heard by a nine-person jury in Federal District Court, with Judge Kaplan overseeing the proceedings. During his diatribe, Mr. Trump refrained from attacking any staff members.

Persons: Arthur Engoron, Donald Trump, Donald J, Arthur F, Trump, Mr, ”, Jean Carroll, Judge Lewis A, Kaplan, Ms, you’ve, John S, Martin Jr, “, ” Mr, Carroll’s, Letitia James, Kaplan “, Alexi J . Rosenfeld, Trump’s, Engoron’s, Judge Kaplan, Carroll, Jefferson Siegel, The New York Times Judge Kaplan, Bill Clinton, Sam Bankman, Sulaiman Abu Ghaith, Osama, Laden, Katherine B, Forrest, Judge Kaplan’s, Michael B, Mukasey, Justice Engoron, Art Garfunkel, —, James, Christopher M, Kise, Engoron, Kate Christobek, Olivia Bensimon, Kirsten Noyes Organizations: Trump, Getty, Court, The New York Times, Mr, New York Times Locations: New York, York, U.S, Manhattan, New Hampshire, Trump’s Manhattan

☆ Efforts to Invoke Insurrection Clause Against Trump Get Their Day In Court
▼ + stars: | 2023-10-29 | by ( Lauren Camera | ) www.usnews.com time to read: +9 min

Legal experts have sparred over whether the constitutional clause applies to Trump, and even those who say it’s a legitimate challenge acknowledge that it’s a long shot. Undoubtedly, the proceedings will explore in depth whether the Jan. 6 riot was indeed an insurrection and the degree to which Trump fomented it. Trump took an oath as president pursuant to Article II, not as an officer pursuant to Article VI. Because the Insurrection Clause applies only to those who have taken an oath ‘as an officer of the United States,’ he can’t be barred by that clause from serving in any capacity,” Mukasey wrote. The losing side can – and is widely expected to – challenge the ruling at the Colorado Supreme Court and the U.S. Supreme Court.

Persons: Donald Trump, Trump, –, ” Mario Nicolais, ”, Scott Gessler, He’s, Jack Smith, Fani Willis, William Baude, Michael Paulsen, Baude, Paulsen, Michael Mukasey, “, ” Mukasey, John Roberts, Mr Organizations: Capitol, Citizens, GOP, Republican Party, Arizona Trump, Constitution, D.C, Trump, University of Pennsylvania, Street Journal, United, Colorado Supreme Court, U.S, Supreme Locations: United States, Colorado, Minnesota, Denver, Washington, Michigan , New Hampshire , New Jersey, Arizona, U.S, Georgia’s Fulton County

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. The agency on Thursday asked a federal court to force Musk to testify for its investigation into his $44 billion takeover of social media giant Twitter, the third time the SEC has taken Musk to court. "This case is different from past forays between the SEC and Elon Musk because it's a subpoena enforcement case. Musk also refused SEC proposals to testify in Texas, where he lives, in October or November, the SEC said. In 2022, a judge ordered Terraform Labs' founder to comply with an SEC subpoena for documents.

Persons: Elon Musk, Patrick Pleul, Musk, Musk's, Stephen Crimmins, Davis Wright Tremaine, Alex Spiro, Howard Fischer, Moses, Moses & Singer, Jay, Spiro, Tesla, Robert Frenchman, Mukasey Frenchman, Chris Prentice, Michelle Price, Lisa Shumaker Organizations: WASHINGTON, U.S . Securities, Exchange Commission, SEC, Twitter, Elon, Moses &, Terraform Labs, Reuters, Thomson Locations: Gruenheide, Germany, videoconference, San Francisco, Texas

☆ Was Trump ‘an Officer of the United States’?
▼ + stars: | 2023-09-08 | by ( Michael B. Mukasey | ) www.wsj.com time to read: 1 min

Journal Editorial Report: Assessing the latest in the 2024 Republican presidential primary. Images: AP/Zuma Press Composite: Mark KellyApart from the four criminal indictments brought against Donald Trump, those who would end his campaign for the presidency by means other than an election seem to be putting increasing faith in Section 3 of the 14th Amendment, known as the Insurrection Clause. That faith seems to be seriously misplaced.

Persons: Mark Kelly, Donald Trump Organizations: Republican, Zuma

The crypto industry is in a tug-of-war with the SEC and its Democratic chair Gary Gensler, who has described the crypto market as a "Wild West" riddled with fraud. Saying most crypto tokens are securities, the SEC has cracked down on crypto trading platforms, including the top U.S. exchange Coinbase, in an effort to bring the industry under its oversight. Crypto firms have long disputed the SEC's jurisdiction but until Thursday no court had supported that view. The two sources, for example, said firms are considering ways to use the Judge's ruling for their defense. However, she also ruled Ripple's direct sales of XRP to investors should have been registered as securities, handing the SEC a partial victory.

Persons: Coinbase, Gary Gensler, Robert Frenchman, Mukasey Frenchman, Analisa Torres, XRP, Crypto, Teresa Goody Guillén, Spokespeople, Binance, Carol Goforth, Stuart Alderoty, Philip Moustakis, Jody Godoy, Chris Prentice, Hannah Lang, Tom Hals, Michelle Price, David Gregorio Our Organizations: U.S . Securities, Exchange Commission, SEC, Ripple Labs, Democratic, Mukasey Frenchman LLP, San Francisco, U.S, District, Baker, Hostetler, University of Arkansas, Reuters, Circuit, Seward, Washington , D.C, Thomson Locations: Mukasey, New York, Washington, New York , Connecticut, Vermont, Washington ,

Companies United States Senate FollowWASHINGTON, May 2 (Reuters) - Ethics concerns relating to U.S. Supreme Court justices are set to be scrutinized on Tuesday by a Senate panel during a hearing called amid revelations about luxury trips and real estate transactions involving members of the nation's top judicial body. "Supreme Court ethics reform must happen whether the court participates in the process or not," Durbin said in a statement responding to the decision by Roberts not to appear. "It is time for Congress to accept its responsibility to establish an enforceable code of ethics for the Supreme Court, the only agency of our government without it." Roberts has said Supreme Court justices consult that code in assessing their own ethical obligations. In a letter to Durbin declining to testify, Roberts attached a "Statement on Ethics Principles and Practices" to which the justices adhere.

U.S. Rep.-elect Matt Gaetz (R-FL) delivers remarks in the House Chamber during the fourth day of elections for Speaker of the House at the U.S. Capitol Building on January 06, 2023 in Washington, DC. The Department of Justice has decided not to criminally charge Rep. Matt Gaetz, R-Fla., in the agency's two-year probe of alleged sex trafficking, his lawyers said Wednesday. The DOJ's decision was not a surprise, as nearly two years had passed without prosecutors filing charges against Gaetz, despite obtaining cooperation in their probe from his former friend, disgraced Florida tax collector Joel Greenberg. Gaetz's office in a statement, said, "The Department of Justice has confirmed to Congressman Gaetz's attorneys that their investigation has concluded and that he will not be charged with any crimes." The Washington Post in September reported that career prosecutors had recommended against charging Gaetz due to concerns about Greenberg and another potential witness.

☆ Trump's most important 2016 donor is sitting out 2020
▼ + stars: | 2020-07-24 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +20 min

Robert and Rebekah Mercer ranked among President Donald Trump's most influential backers in 2016. A representative for Priorities USA Action, a leading pro-Biden super PAC, said the organization wasn't underestimating Trump's reelection forces, Mercers or no Mercers. (Bossie, like former Trump campaign manager Corey Lewandowski and many others, has recently found himself back in Trump's favor.) The Cambridge Analytica data that the Trump campaign paid for was "so stupidly wrong" and a "complete joke," Spicer added. But sources familiar with the Mercers' political spending said they have no evidence that the Mercers are doing so.

Search resuls for: "Mukasey"

24 mentions found