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☆ Guo Wengui chief of staff Yvette Wang pleads guilty to $1 billion fraud conspiracy in New York
▼ + stars: | 2024-05-03 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Fugitive Chinese billionaire Guo Wengui hold a news conference on November 20, 2018 in New York, on the death of of tycoon Wang Jian in France on July 3, 2018. The chief of staff to controversial exiled Chinese businessman Guo Wengui pleaded guilty in New York on Friday to a fraud conspiracy that swindled more than $1 billion from hundreds of thousands of victims around the world, prosecutors said. Yvette Wang's plea came weeks before the 53-year-old Guo is set to stand trial in Manhattan federal court for related charges. Wang was scheduled to stand trial with Guo in that case before her plea. She faces a maximum possible sentence of 10 years in prison for the charges of conspiracy to commit wire fraud, and conspiracy to commit money laundering.

Persons: Guo Wengui, Wang Jian, Yvette Wang's, Guo, Wang, Steve Bannon, Damian Williams Organizations: Trump White House, Manhattan U.S Locations: New York, France, Manhattan, United States

Chinese Foreign Minister Wang Yi in 2019. Mark Kauzlarich | ReutersBEIJING — China's top diplomat slammed the U.S. for worsening bilateral tensions, while reiterating Beijing's support for peaceful resolutions to the Israel-Palestine and Russia-Ukraine conflicts. Wang said the U.S. has been devising "new ways to suppress China," saying U.S. accusations against China had reached an "unbelievable degree." While he said he sees a way forward for both countries, Wang said communication between both countries may only continue by respecting and recognizing differences. After the unexplained dismissal of Qin Gang as foreign minister in July last year, Wang reassumed the role.

Persons: Wang Yi, Mark Kauzlarich, Joe Biden's, Biden, Joe Biden, Xi Jinping, Wang, Qin, Wang reassumed, hasn't, Xi's, Lai Ching Organizations: Reuters, Reuters BEIJING —, China -, CNBC, Communist Party of, Qin Gang, United Nations, Democratic Progressive Party Locations: Reuters BEIJING, Israel, Palestine, Russia, Ukraine, China, China - U.S, San Francisco, South China, U.S, Gaza, Beijing, Taiwan, South

☆ IQiyi, the Netflix of China, posts first year of profits and says it's 'excited' about Sora
▼ + stars: | 2024-02-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is "excited" about potential new business opportunities with the emergence of OpenAI's text-to-video tool Sora. Speaking exclusively to CNBC on Thursday, Wang said such tools can help iQiyi tell stories more creatively, and that internally, it is exploring the text-to-video space. For 2023, iQiyi said Wednesday its original content accounted for a record 65% of major dramas it released. Other major Chinese video platforms with longer-form content include Tencent Video, Alibaba -owned Youku and Bilibili . Recent data insights show more people across China are watching iQiyi's content on internet-connected television sets, and, increasingly screens inside electric cars, Wang said.

Persons: Wang Jun, Wang, OpenAI, Sora, iQiyi Organizations: Bloomberg, Getty, CNBC, Apple Locations: BEIJING, U.S, Beijing, China

☆ An ex-Googler shares the resume that landed him the job — and what he would change on it 10 years later
▼ + stars: | 2024-02-19 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Wang worked at Google for four years, first in policy and then in marketing. AdvertisementAt Google, Wang says he went through seven rounds of interviews. Show your accomplishments, not your work: Wang said he'd focus less on listing tasks, and more on explaining how his tasks became accomplishments. Tailor for what you want: "Pick your battles — not every single work experience is going to be equal," Wang said. Wang worked at Google's policy division and later as a product marketing manager.

Persons: Henry Wang's, Goldman Sachs, Wang, —, Henry Wang, Wang reexamined, It's Organizations: Deloitte, Google, Service, University of California, Times Locations: Irvine, of New York

DOHA, Qatar (AP) — With some of America's biggest stars deciding to stay home, Claire Curzan and Hunter Armstrong claimed the spotlight at the World Aquatics Championships on Tuesday. Curzan won gold in the women's 100-meter backstroke at the Aspire Dome, while Armstrong followed just a few minutes later with a victory in the men's 100 back. The 19-year-old Curzan, who competes at the University of Virginia, claimed the first individual world title of her burgeoning career. After settling for bronze in the 100 back at the last two world championships, the Ohio native now has a gold. Hobson, part of a scaled-back team for these world championships, gave himself a big boost with the Paris Olympics just five months away.

Persons: Claire Curzan, Hunter Armstrong, Curzan, Armstrong, Simona Quadarella, Italy romped, Hwang Sun, Kaylee McKeown, Regan Smith, Iona Anderson, Canada's Ingrid Wilm, ” Curzan, ” Armstrong, “, Spain’s Hugo Gonzalez, Gonzalez, Ryan Murphy, Quadarella, Katie Ledecky, Ledecky, Li Bingjie, Isabel Gose, Hwang, Luke Hobson, Danas Rapsys, Hobson, ”, Kim Woo Organizations: University of Virginia, Paris, Cal, Doha, Ledecky, Olympic, Paris Olympics, University of Texas Locations: DOHA, Qatar, U.S, Doha, Italy, South Korea, Fukuoka, Ohio, Paris, Quadarella, China, Germany, Nevada

☆ This millennial directed his 94- and 83-year-old grandmothers for a movie—it's now nominated for an Oscar
▼ + stars: | 2024-02-09 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Chang Li Hua and Yi Yan Fuei are the stars of "Nai Nai and Wai Po," the Oscar-nominated documentary short now streaming on Disney+ and Hulu. Sean Wang has always believed his grandmothers were movie stars — and now they have an Oscar nomination to prove it. Wang, 29, is a Los Angeles-based filmmaker whose film "Nai Nai and Wai Po" (which translates to "grandma and grandma" in Mandarin Chinese) is up for Best Documentary Short Film for the 96th Academy Awards. The days we spend feeling joy and the days we spend feeling pain are the same days spent. One line from his Nai Nai was particularly resonant: "The days we spend feeling joy and the days we spend feeling pain are the same days spent.

Persons: Chang Li Hua, Yi Yan Fuei, Oscar, Sean Wang, —, Wang, Yan Fuei, Wai Po, he'd, Yi, Chang, Yi Yan, There's Organizations: Disney, SXSW Locations: Wai, Los Angeles, Fremont , Calif, New York City, U.S

“Porcelain War,” which follows last year’s “20 Days in Mariupol” as a Sundance documentary prize-winner that captures the war in Ukraine, was made by Brendan Bellomo and Slava Leontyev. “A New Kind of Wilderness,” about a Norwegian family living off the grid, won the jury award for world documentary. Sean Wang's “Dìdi,” a coming-of-age film about a 13-year-old Taiwanese American boy, took the audience award for U.S. dramatic film. The NEXT audience award winner was the Irish drama “Kneecap,” about a Belfast rap trio, co-starring Michael Fassbender. ___For more coverage of the 2024 Sundance Film Festival, visit https://apnews.com/hub/sundance-film-festival

Persons: ”, “, Alessandra Lacorazza, Lacorazza, Brendan Bellomo, Slava Leontyev, ” Natalie Rae, Angela Patton’s, Sean Wang's “, Dìdi ”, “ Ibelin, Benjamin Ree's, Mats Steen, Steen, Darren Aronofsky, David Schwimmer, Michael Fassbender, Jesse Eisenberg's, Kieran Culkin, Will Ferrell, Harper, Christopher Reeve, Eisenberg, Steven Soderbergh's Organizations: Sundance Film, Sundance, U.S, Netflix, NEXT, Searchlight Pictures, sundance Locations: Park City , Utah, Colombian American, Las Cruces , New Mexico, Mariupol, Ukraine, ”, Norwegian, Belfast, Harper Steele

☆ Microsoft's president meets with the Chinese government to discuss AI co-operation
▼ + stars: | 2023-12-07 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Cezaro De Luca | Europa Press | Getty ImagesMicrosoft President Brad Smith met with China's Minister of Commerce Wang Wentao on Wednesday to discuss topics ranging from artificial intelligence to trade relations between Washington and Beijing, according to a Youdao-translated Chinese government announcement. The meeting underscores China's attempt to show it remains favorable to American businesses amid continued tensions with the U.S., as it looks to reinvigorate its economy. China's own technology giants — from Alibaba to Baidu and Tencent — have also been launching their own AI models and rival products. Washington has sought to restrict China's access to key technologies such as semiconductors, and U.S. export curbs recently targeted chips from Nvidia, which are used to train artificial intelligence models. During the Biden and Xi meeting, the two leaders "affirmed the need to address the risks of advanced AI systems and improve AI safety through U.S.-China government talks," according to a White House readout.

Persons: Brad Smith, Cezaro De Luca, Commerce Wang Wentao, Smith, Joe Biden, Xi Jinping, Wang, Xi Organizations: Europa Press, Getty, China's, Commerce, U.S, Ministry, Microsoft, Baidu, Technology, Nvidia, Biden Locations: Madrid, Spain, Washington, Beijing, China, U.S, Alibaba

☆ A celebrity chef is getting canceled for making a video about egg fried rice close to the 63rd death anniversary of Mao Zedong's son
▼ + stars: | 2023-12-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

A Chinese celebrity chef is facing backlash over an egg fried rice tutorial he posted on Monday. Nationalists believe egg fried rice is a reference to an unconfirmed story of how Mao Anying died. Per the story, he stole eggs from the camp's supplies and cooked himself egg fried rice in broad daylight — a violation of army rules at the time. Critics of the Mao regime post photos of egg fried rice or make a point to eat the dish on this day. "Do ordinary folk eating egg fried rice have to skip a day?"

Persons: Wang Gang, Mao Zedong's, Mao Anying, —, Wang, influencer, Mao Organizations: Communist, Service, Communist Party, China Digital Times, Daily, Wang Locations: China, Weibo, Korea, North Korea, Jiangsu, Nanchang, US

A business owner with companies near where a Norfolk Southern train derailed and caught fire in February has sued the railroad for $500 million, saying most of his eastern Ohio companies have remained closed and he hasn't been able to reach a financial settlement with the railroad. It comes amid government lawsuits against Norfolk Southern and a class action case on behalf of residents who have complained about the derailment's impact on East Palestine, Ohio. Before the derailment spilled chemicals on his property, Wang's companies employed close to 50 people and had plans to expand. Wang's lawsuit blames the derailment on Norfolk Southern having cut its workforce in recent years and its decision to rely more on longer, heavier trains. Atlanta-based Norfolk Southern is one of the nation's largest railroads and operates roughly 20,000 miles of track in the eastern United States.

Persons: hasn't, Edwin Wang, Wang can’t, Thomas Crosson, Wang Organizations: Norfolk Southern, EPA, Railroad, Transportation, Norfolk Locations: Norfolk Southern, Ohio, East Palestine , Ohio, Pennsylvania, Palestine, Norfolk, Atlanta, United States

☆ A former Fed trader predicts mounting US debt will worsen the bond-market crash. He shares which Treasury duration investors should buy to eventually profit from rising prices.
▼ + stars: | 2023-11-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The central bank extended its pause on interest-rate hikes , trampling expectations of higher rates and causing investors to lock down higher yields while they still can. Joseph Wang, a former trader on the Fed's Open Market Trading Desk, says other than that, Powell's speech was uneventful. While Treasury yields have been dropping all week, Wang believes it's a temporary reaction. In the past, if Treasury yields suddenly became very high, banks could step in and buy the bonds. Wang says investors should opt for two-year notes because they're much more sensitive to potential Fed rate cuts, which would increase the price on those bonds.

Persons: Jerome Powell's, Joseph Wang, Wang, He's, they've, it's Organizations: Fed, Treasury Locations: Fedguy.com

There were also "frank exchanges" between Blinken and Wang over the erupting conflict in the Middle East. The key area that appeared to show some positive momentum was toward an expected meeting between Biden and Xi on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit next month in San Francisco. "We are making preparations for such a meeting," said one of the senior administration officials briefing reporters on condition of anonymity. "China attaches importance to the U.S. side's hopes of stabilizing and improving U.S. ties with China," Wang was quoted as saying in his meeting with Biden. On Thursday, Wang told Blinken that the two countries have disagreements and need "in-depth" and "comprehensive" dialogue to reduce misunderstandings and stabilize ties.

Persons: Wang Yi, Antony Blinken, Elizabeth Frantz, Joe Biden, Xi Jinping, Biden, Jake Sullivan, Wang, Xi, Blinken, Sullivan, side's, Janet Yellen, Gina Raimondo, Yellen, Raimondo, Thomas Shoal, Humeyra Pamuk, Michael Martina, Steve Holland, Jonathan Oatis, Navaratnam, Raju Gopalakrishnan Organizations: Foreign, U.S, State Department, REUTERS, Rights, Economic Cooperation, Blinken, Thomson Locations: Washington , U.S, U.S, China, Washington, East, South China Sea, Taiwan, Asia, San Francisco, Francisco, Beijing, China . U.S, Israel, Iran, South, East China, Philippine

Those meetings could set the stage for a summit between President Joe Biden and Chinese President Xi Jinping next month on the sidelines of an Asia-Pacific Economic Cooperation forum leaders gathering in San Francisco. Political Cartoons View All 1218 ImagesIn the months that followed that crisis, however, Blinken rescheduled his trip and went to China in June. The Chinese president last came to the U.S. in 2017, when former President Donald Trump hosted him at his Mar-a-Lago resort in Florida. The Chinese president told the governor that “the achievements of China-U.S. relations have not come easily and should be cherished all the more,” according to the official news agency Xinhua. It deteriorated further over a range of issues, including rights abuses, the South China Sea, Taiwan, technology and the COVID-19 pandemic.

Persons: Wang Yi, Antony Blinken, Jake Sullivan, Joe Biden, Xi Jinping, Blinken, Janet Yellen, John Kerry, Gina Raimondo, Sullivan, Wang, Han Zheng, Biden, “ Wang Yi’s, Ryan Hass, John L, ”, Yun Sun, Xi, “ Wang, ” Sun, ” Scott Kennedy, Kennedy, Donald Trump, Gavin Newsom, Chuck Schumer, Schumer, Trump Organizations: WASHINGTON, —, Hamas, Economic Cooperation, Ukraine, General Assembly, Biden, Thornton China Center, Brookings Institute, China Program, Stimson Center, San, APEC, Center for Strategic, International Studies, Chinese Foreign Ministry, U.S . California Gov, Xinhua Locations: East, Europe, U.S, China, Washington, Israel, Russia, Ukraine, Asia, San Francisco, The U.S, Taiwan, South, North Korea, Malta, New York, Lago, Florida, Bali , Indonesia, Beijing, South China Sea

But whether Beijing will use it remains to be seen and experts say China may instead watch from the sidelines for a while longer. Blinken, during a whirlwind Middle East trip last week, spoke by phone to Wang and asked him to use Beijing's clout to ensure the conflict does not widen. On Wednesday, Xi said whether Washington and Beijing could establish the "right" way of getting along and managing their differences would be crucial to the world. U.S. and Chinese officials held a virtual meeting on Monday on macroeconomic developments, talks the U.S. called "productive and substantive" and China called "in-depth, frank and constructive." U.S. officials said Taiwan and the South and East China Seas, where they accused Beijing of "destabilizing and dangerous actions" against rival territorial claimants, would also be on the agenda.

Persons: Wang Yi, Joe Biden, Xi, Biden, Antony Blinken, Wang, Jon Alterman, WANG, BIDEN Shi Yinhong, Shi, Israel, Zhang Jun, Wang's, Blinken, Jake Sullivan, Xi's, Yun Sun, Washington, Humeyra Pamuk, David Brunnstrom, Laurie Chen, Trevor Hunnicutt, Josie Kao Organizations: State Department, . Security, Washington's Center, Strategic, International Studies, Renmin University of China, Reuters, White, PATH, BIDEN, Asia Pacific Economic Cooperation, China, Washington's, APEC, East China Seas, China's Global Times, Thomson Locations: WASHINGTON, BEIJING, Washington, China, Beijing, Iran, Israel, Taiwan, South, U.S, Gaza, Asia, San Francisco, Bali, China . U.S, East

☆ Mideast in Focus as US, China Meet to Pave Way for Biden-Xi Summit
▼ + stars: | 2023-10-26 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +6 min

Persons: Humeyra Pamuk, David Brunnstrom, Laurie Chen WASHINGTON, Wang Yi, Joe Biden, Xi, Biden, Antony Blinken, Wang, Jon Alterman, WANG, BIDEN Shi Yinhong, Shi, Israel, Zhang Jun, Wang's, Blinken, Jake Sullivan, Xi's, Yun Sun, Washington, Laurie Chen, Trevor Hunnicutt, Josie Kao Organizations: State Department, . Security, Washington's Center, Strategic, International Studies, Renmin University of China, Reuters, White, PATH, BIDEN, Asia Pacific Economic Cooperation, China, Washington's, APEC, East China Seas, China's Global Times Locations: BEIJING, Washington, China, Beijing, Iran, Israel, Taiwan, South, U.S, Gaza, Asia, San Francisco, Bali, China . U.S, East

☆ China urges Israel to abide by international law and protect civilians in Gaza
▼ + stars: | 2023-10-24 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

General view of buildings which were destroyed during Israeli air raids in the southern Gaza Strip on October 23, 2023 in Khan Yunis, Gaza. China urged Israel to abide by international humanitarian law and protect the safety of Palestinian civilians in its war against the Hamas militant group, and called for peace talks between the two sides. Israel's war on Hamas has entered its third week and comes after the Palestinian militant group launched a surprise attack on southern Israel on Oct. 7. In response, Israel has been bombarding the Gaza Strip which is under Hamas control. The conflict has so far killed at least 1,400 people in Israel, and retaliatory air strikes have killed more than 5,000 people in the Gaza Strip.

Persons: Wang Yi, Eli Cohen, Cohen Organizations: Hamas, CNBC Locations: Gaza, Khan Yunis, China, Israel, Palestinian

Chinese Foreign Minister Wang Yi speaks at a press conference on the sidelines of the Third Belt and Road Forum (BRF), at the media centre in Beijing, China October 18, 2023. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsWASHINGTON, Oct 23 (Reuters) - China's top diplomat Wang Yi will travel to the United States later this week, senior Biden administration officials said on Monday, in a long-anticipated visit that comes amid soaring tensions in the Middle East, which U.S. officials hope Beijing can help contain. It is also the long-awaited reciprocal visit after several top U.S. officials including Blinken visited Beijing this summer. The visit also comes as Hamas' Oct. 7 attacks and Israel's response dominate global headlines, even as Russia's war in Ukraine grinds on. Washington is sending military aid to Israel and Ukraine, while Beijing has grown closer to Russia since the Ukraine war began and has called for a ceasefire between Israel and Hamas.

Persons: Wang Yi, Tingshu Wang, Wang, Antony Blinken, Joe Biden's, Jake Sullivan, Biden, Joe Biden, Xi Jinping, Blinken, ” Washington, Israel, Li Shangfu, Humeyra Pamuk, Simon Lewis, Deepa Babington Organizations: REUTERS, Rights, Biden, U.S, Hamas, East China Seas, Defense, Thomson Locations: Beijing, China, United States, Washington, San Francisco, Taiwan, South, Ukraine, Israel, Russia, U.S, Iran, Gaza, East, South China, Philippines

Washington (AP) — China's top diplomat will come to Washington Thursday for a three-day visit, the latest move by Washington and Beijing to keep high-level talks open amid tense bilateral relations. Wang's trip will come just about two weeks ahead of the Asia-Pacific Economic Cooperation summit in San Francisco, where it's possible that President Joe Biden and Chinese President Xi Jinping will meet. The officials did not confirm the leaders' meeting, nor did they say if Wang's visit would prepare for such a meeting. When Wang arrives in Washington, American officials will push China to be more constructive in the Middle East, the senior administration officials said. While Wang's visit won't solve any differences, it's part of the U.S. diplomatic effort toward open communications to minimize risks, the American officials said.

Persons: — China's, Wang Yi, Antony Blinken, Jake Sullivan, Joe Biden, Xi Jinping, Xi, Biden, Washington, Wang, Blinken, Thomas Shoal, “, ”, Wang's Organizations: Washington, Economic Cooperation, APEC, State Department, South China Locations: Washington, Beijing, Israel, Ukraine, South China, Asia, San Francisco, U.S, China, Xinjiang, Taiwan, Bali , Indonesia, Philippine, South, Manila, Philippines, marooning

☆ CEO of China's Weibo tests new real-name policy on his own account
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

File photo: The logo of Chinese social media app Weibo is seen on a mobile phone in this illustration picture taken December 7, 2021. The comments by Wang Gaofei, whose microblogging platform is China's equivalent of X, caught the attention of local media and several Weibo users, amid concerns over growing censorship and government scrutiny over the country's internet. In Wang's case, the display of his name on his account was first pointed out by a user, leading him to respond that he was testing out this policy on his own account first. "Long-time followers (of my account) all know that (I) try to first use (new) functions myself," he wrote. He also suggested users could delete followers to avoid being subjected to the policy.

Persons: Florence Lo, Wang Gaofei, Wang, Eduardo Baptista, Tomasz Janowski Organizations: Weibo, REUTERS, Rights, Thomson Locations: Rights BEIJING, China

☆ China says Israel's actions in Gaza are 'beyond self defense' as U.S. races to avert wider conflict
▼ + stars: | 2023-10-16 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

Children crying because of Israeli raids on October 15, 2023 in Khan Yunis, Gaza. Many Gazan citizens have fled to the south following warnings from the Israeli government to do so. Israel has sealed off Gaza and launched sustained retaliatory air strikes, which have killed at least 1,400 people with more than 300,000 displaced, after a large-scale attack by Hamas. Israel's actions have gone beyond self-defense and it should heed the call of the international community. "As I said in Tel Aviv, as President Biden has said, the way that Israel does this matters.

Persons: Ahmad Hasaballah, Antony Blinken, Wang Yi, Faisal bin Farhan Al Saud, Wang, Hakan Fidan, Wang's, Blinken, Ebrahim Raisi, Emmanuel Macron, Biden Organizations: Getty, Getty Images, U.S, United, Turkish Locations: Khan Yunis, Gaza, Israel, Getty Images China, East, Kippur, Jewish, Wang Yi Chinese, United Nations, Saudi Arabia, Jordan, Bahrain, Qatar, United Arab Emirates, Egypt, Cairo, Tel Aviv

"Assets were not fine, because FTX did not have enough assets for customer withdrawals." On Friday, Wang testified that on Nov. 6, 2022, FTX executive Nishad Singh knocked on his door and told him customers were trying to withdraw their money faster than FTX could process the transactions. He said no other FTX users had those special privileges, which the exchange did not disclose to its investors or customers. After FTX declared bankruptcy on Nov. 11, 2022, Wang testified that at Bankman-Fried's direction, he turned over some remaining FTX customer assets to the Bahamas, where FTX was based. Wang said Bankman-Fried said liquidators and regulators there were more amenable to letting him stay in charge of FTX.

Persons: Sam Bankman, Fried, Nicolas Roos, Gary Wang, Jane Rosenberg, FTX, Wang, FTX's, Nishad Singh, CoinDesk, Bankman, WANG, District Judge Lewis Kaplan, Christian Everdell, Caroline Ellison, Alameda's, Mark Cohen, Sam, Jody Godoy, Luc Cohen, David Gregorio, Nick Zieminski, Matthew Lewis Organizations: U.S, Federal Court, REUTERS, Alameda Research, Washington , D.C, District, Bankman, Thomson Locations: FTX, New York City, U.S, Manhattan, Washington ,, Alameda, Bahamas, Fried, United States, New York

☆ Sex, Signal messages and sabotage: SBF's top execs and Bahamas roommates tell all in court
▼ + stars: | 2023-10-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

"Sam Bankman-Fried," he said. Wang said that in response to the reporting an emergency meeting was called between Bankman-Fried, Wang and Singh, to discuss shutting down Alameda. On Nov. 12, after FTX declared bankruptcy, Bankman-Fried asked Wang to drive with him to the Bahamas Securities Commission for a meeting. Yedidia said Bankman-Fried had told him, before he began working in the Bahamas in 2019, that he and Ellison had sex. Bankman-Fried asked Yedidia if it was a good idea for them to date, to which Yedidia said no.

Persons: Adam Yedidia, Sam Bankman, Jane Rosenberg, —, Gary Wang, Nicolas Roos, Wang, FTX, Nishad Singh, Caroline Ellison, Mr, Roos, Ellison, Fried, Reuters Wang, District Judge Lewis Kaplan, Singh, Yedidia, Bankman, Sam, Christian Everdell, he's, I'm, Matt Huang, Yuki Iwamura, Huang, Dawn Giel Organizations: Federal Court, Reuters, MIT, U.S, Alameda Research, District, Prosecutors, Bahamas Securities Commission, Massachusetts Institute of Technology, Google, Alameda, United, Paradigm, FTX, Bloomberg, Getty Locations: FTX, New York City, Bahamas, Manhattan, U.S, Alameda, Bahamian, New York, China, Minnesota, FTX's Hong Kong, Nassau, Bankman

☆ FTX co-founder Gary Wang agreed to cooperate in Sam Bankman-Fried case in his first meeting with prosecutors: 'I thought I was likely to be charged'
▼ + stars: | 2023-10-06 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Gary Wang agreed to cooperate with prosecutors in his first meeting with them. "I thought I was likely to be charged and I wanted to get a shorter prison sentence," he testified Friday. AdvertisementAdvertisementOne of his co-conspirators, he said on the witness stand Friday, was his FTX co-founder Bankman-Fried. On Friday, Wang said he wanted to cooperate with prosecutors because he knew what he did at FTX was wrong. "Customers did not agree for us to use their funds," Wang said.

Persons: Gary Wang, Sam Bankman, —, Fried, Wang, FTX, Bankman, Chelsea Jia Feng, he'd Organizations: Service, MIT, Alameda Research, Prosecutors, US, FBI, Alameda Locations: Manhattan, Bankman, FTX, Alameda, Bahamas

☆ As police arrived at Sam Bankman-Fried's house, his mom was texting him insisting that he wear long pants to get arrested, instead of his usual cargo shorts
▼ + stars: | 2023-10-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried was arguing with his mom over texts from a bathroom when police arrived to arrest him, per Michael Lewis. While SBF's mom wanted him to wear long pants to jail, and he insisted on staying in his cargo shorts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With law enforcement in the living room, Lewis writes that Bankman-Fried was in the bathroom tapping away at his phone and arguing with his mom, Barbara Fried. Fried wanted her son to wear long pants as he was taken in, but he was intent on staying in his characteristic cargo shorts.

Persons: Sam Bankman, Fried, Michael Lewis, FTX's, —, Lewis, George Lerner, Sam, Gary Wang, Caroline Ellison, Barbara Fried Organizations: Service Locations: Bahamas

☆ FTX cofounder Gary Wang is set to testify against his childhood friend Sam Bankman-Fried. Here's what we know.
▼ + stars: | 2023-10-03 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

FTX cofounder Gary Wang was a critical player during the rise and fall of SBF's crypto empire . AdvertisementAdvertisementWhen Bankman-Fried cofounded Alameda Research in 2017, Wang reportedly left his role at Google. The tight group of executives reportedly included Wang, Bankman-Fried, Caroline Ellison, who was formerly Alameda's CEO, and Nishad Singh, FTX's former director of engineering. But at FTX, Wang was a somewhat reclusive figure, per reports. "All of the sudden that snapped into he was leaving that day, back to the US and implicitly mostly stopped working," Bankman-Fried told the news outlet.

Persons: Gary Wang, Wang, Sam Bankman, —, Bankman, MIT Wang, Wang's, Cherry Hill, Hector, Fried, Caroline Ellison, Nishad Singh, FTX's, Nishad, Gary, Singh, FTX, Ellison, Damian Williams, Ilan Graff, Sundar Organizations: Service, MIT, Bloomberg, Eastside, Epsilon Theta, Google, Forbes, Alameda Research, Court, District of, Sydney Morning Herald, Street Journal, Southern, of New York, Securities and Exchange Commission Locations: Oregon, Cherry Hill, New Jersey, China, Bahamas, Alameda, District of Delaware, FTX

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