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A jury found Sam Bankman-Fried guilty of financial crimes in his five-week Manhattan trial. The defense said Bankman-Fried simply didn't know and his executives were to blame. AdvertisementAdvertisementA jury found Sam Bankman-Fried guilty of seven counts of fraud and conspiracy in his criminal trial in Manhattan federal court after deliberating for about four and a half hours on Thursday. AdvertisementAdvertisementCharges against Bankman-Fried included wire fraud, conspiracy to commit wire fraud, conspiracy to commit securities fraud, conspiracy to commit commodities fraud, and conspiracy to commit money laundering. Ellison – along with execs Gary Wang and Nishad Singh – pleaded guilty to wire fraud and conspiracy charges and testified against Bankman-Fried at the trial, each emphasizing how they committed crimes at Bankman-Fried's direction.
Persons: Sam Bankman, , Caroline Ellison, Ellison –, execs Gary Wang, Nishad Singh –, Fried Organizations: Prosecutors, Service, Inner City Press, Alameda Research, Washington , D.C, Bankman, Alameda Locations: Manhattan, Bahamas, Washington ,, FTX, Alameda, Bankman
CNN —A New York City man accused of fatally beating a 66-year-old Sikh man following a car collision nearly two weeks ago was arraigned Tuesday on a slew of charges, including hate crimes, prosecutors said. Singh suffered a brain injury and was taken to a hospital, where he died the next day, the news release reads. Jasmer Singh, a 66-year-old Sikh man, died on October 20 after sustaining a brain jury, prosecutors say. Moloney's Lake Funeral Home & Cremation CenterThe incident was not initially investigated as a hate crime, a New York Police Department spokesperson said. During a verbal argument that followed, Augustin became angry with Singh and referred to him several times as “turban man,” prosecutors said, citing the witness.
Persons: Gilbert Augustin, Jasmer Singh, Melinda Katz, Augustin, Singh –, Singh, ” Katz, , ” Augustin, , James Concemore Neville, ” “, ” Neville, Augustin get Organizations: CNN, New York Police, Prosecutors, Augustin’s Locations: York City, Queens, Queens County, Van Wyck, Queens ’ Jamaica
CNN —Delhi police on Thursday formally pressed charges against Indian wrestling chief Brij Bhushan Sharan Singh, following weeks of protests by female athletes over claims of sexual harassment. Singh has been accused of assault, stalking, and sexual harassment, senior Delhi police official Suman Nalwa told CNN. Singh, who denies all allegations of sexual harassment, has not been arrested. CNN has reached out to Singh and some wrestlers who have participated in the protests for comment. The allegations against Singh came to light in January, when several leading wrestlers demanded an inquiry into claims of sexual harassment by younger athletes against him.
Persons: Brij Bhushan Sharan Singh, Singh, Suman Nalwa, , , Nalwa, Singh –, Narendra Modi, Brij Bhushan Singh, Arun Thakur, Vinesh Phogat, Sakshi Malik, Malik, Sangeeta Phogat, Vinesh Organizations: CNN, Delhi, Bharatiya Janata Party, BJP, Supreme, Getty, Police, Indian Olympic Association, Twitter Locations: Singh, Delhi, New Delhi, AFP, New, Phogat
NEW YORK, June 6 (Reuters Breakingviews) - Sequoia is blazing another new trail in venture capital. As one of Silicon Valley’s pioneers, Sequoia Capital has backed everything from Apple (AAPL.O) to Zoom Video Communications (ZM.O) over the past half-century, and many others in between, including Instagram, 23andMe (ME.O) and DoorDash (DASH.N). The world has changed, however – and changed yet again – since Sequoia opened its doors. Valentine named Sequoia after a tree that lives thousands of years, signifying a plan to survive and grow through any sort of climate. Follow @thereallsl on TwitterFollow @anshumandaga on TwitterCONTEXT NEWSVenture capital firm Sequoia Capital said on June 6 that it would separate its China, India and Southeast Asia, and U.S. and European arms into three businesses.
Persons: Don Valentine, – Roelof Botha, Neil Shen, Shailendra Singh –, Valentine, Sequoia, ByteDance, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Sequoia Capital, Apple, Video Communications, Investments, HK, Sequoia, Venture, Thomson Locations: China, India, U.S, Sequoia, Southeast Asia, United States, Mumbai, Shanghai
The SEC has filed charges against FTX founder Sam Bankman-Fried. It alleges that he was "orchestrating a massive, years-long fraud" by misusing customer funds. It alleges that the FTX founder violated the Securities Act by misusing customer funds for his own benefit, and hiding debts from investors. It alleges Bankman-Fried "used Alameda as his personal piggy bank to buy luxury condominiums, support political campaigns, and make private investments, among other uses." Bankman-Fried misled investors by saying "assets are fine"On November 7 – just four days before FTX filed for bankruptcy – Bankman-Fried tweeted "FTX is fine.
SpaceX's former talent chief said she took "the bad with the good" when working for Elon Musk. Dolly Singh told a new BBC documentary: "If you mess with the recipe, you mess with the magic." "If you mess with the recipe you mess with the magic," Dolly Singh told a new BBC documentary. "The Elon Musk Show" uses interviews with his family, friends, employees – and enemies – to explain his rise to become the world's richest man. "The Elon Musk Show" won't be broadcast outside the UK, the BBC said, citing rights issues.
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