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☆ Penthouse to prison: Sam Bankman-Fried's journey from crypto king to convicted conman
▼ + stars: | 2024-03-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

Bankman-Fried, the founder and former CEO of failed crypto exchange FTX, will head on Thursday to a federal court in downtown Manhattan, where U.S. District Judge Lewis Kaplan will deliver his sentencing. After a month of personally dabbling in the market, Bankman-Fried launched Alameda Research, named after the California county that housed his first office. The so-called crypto winter of 2022 wiped out hedge funds and lenders across the crypto universe. May of 2022 brought the crash of stablecoin Luna, creating a domino effect that sent crypto prices plunging, devastating other lenders. On Nov. 2, 2022, crypto trade site CoinDesk publicized details of Alameda's balance sheet, which showed $14.6 billion in assets.

Persons: Samuel Bankman, MacKenzie Sigalos, Sam Bankman, Fried, Damian Williams, District Judge Lewis Kaplan, they'd, FTX, Amr Alfiky, Jane Street, Goldman Sachs, stablecoin Luna, Solana, Changpeng Zhao, Binance, Zhao, Jane Rosenberg, he'd, Cromwell, John J, Ray, confidants, — CNBC's Rohan Goswami Organizations: CNBC, Metropolitan Detention, U.S, District, Prosecutors, Reuters, Jane, Alameda Research, Formula, Democratic, Voyager, Alameda, FTX, Industry, Investors, Enron, Securities and Exchange Commission, Stanford University Locations: San Francisco, he's, Brooklyn, Manhattan, U.S, New York City, South Korea, Alameda, California, Miami, Washington, Solana, FTX, New York, Palo Alto , California

☆ Marion Barter mystery: The conman, his lovers and the mother who vanished
▼ + stars: | 2024-03-03 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +22 min

At the time, Australian police dismissed her concerns, insisting that her mother, Marion Barter, had disappeared by choice, and wanted nothing to do with her family. Ric Blum told the NSW Coroner's court that he last saw Barter in June 1997, just before she left Australia. Blum told the court Cornelius had lied about their relationship, which was platonic, he said. Several years later, Ghislaine Danlois-Dubois met Blum in 2006 through an advertisement she posted in a newspaper seeking companionship. O’Sullivan concluded by reading Leydon’s own words about her mother, Marion Barter, read from her submission.

Persons: Sally Leydon, Marion, ”, Teresa O’Sullivan, Ric Blum –, conman, –, Leydon, she’d, Leydon’s, Owen, Sally, Natalia Marion Remakel, Blum, “, Willy Coppenolle, Ric Blum, Bryan Seymour, – Wouters, Willy Wouters, Frederick de Hedervary, United Kingdom –, Frederick, Diane de Hedervary, F, Monique Cornelius, Cornelius, ” Ric Blum's, Ginette Gaffney, Bowan, Frederick De Hedervary, Gaffney, Met Blum, Janet Oldenburg, Andree Flamme, Marie Landrieu, Blum belittled, Rick ”, Rich ”, ” Blum, Oldenburg, he’d, Ghislaine Danlois, Dubois, Joni, de Hedervary, didn’t, “ couldn’t, Flamme, ” Andree Flamme, ” Flamme, “ Willy, Landrieu, O’Sullivan, mispresenting, ” Ric Blum O’Sullivan, hadn’t, Fernand Remakel, Blum “, Mr, Angus Watson, ” O’Sullivan, ” Leydon, we’ve, Blum’s, Matthew White, CNN’s, ” White Organizations: Australia CNN, CNN, Police, NSW Coroner's, British Embassy, NSW Police, New, NSW, SC Locations: Brisbane, Australia, Sydney, United States, Canada, New Zealand, Europe, United Kingdom, Tunbridge Wells, Kent, England, Byron Bay, Luxembourg, Australian, New South Wales, Ballina, Tournai, Belgium, France, Paris, Dubois, Bali, Lille, Brussels, Danlois, Indonesian, Portugal, Indonesia, ”, Marion, South Korea

INDIANAPOLIS (AP) — An Illinois jury ruled this week that several major egg producers conspired to limit the U.S.'s supply of eggs in order to raise prices in a lawsuit first filed 12 years ago. The suppliers include the family company of an Indiana egg farmer running for the U.S. Senate in the state. Attorneys for the four egg suppliers named in the lawsuit did not immediately return phone messages on Wednesday. Other food manufacturers joining as plaintiffs in the lawsuit against the egg producers are General Mills, Inc. and Nestle USA, Inc. The jury found the egg suppliers who participated in the conspiracy were Cal-Maine Foods, Inc., United Egg Producers, Inc., United States Egg Marketers, Inc. and Rose Acre Farms, Inc., a southern Indiana-based company previously chaired by John Rust.

Persons: ” Brandon Fox, Mills, John Rust, Rust, Acre, Jim Banks, Donald Trump, Republican Mike Braun, “, John Rust isn’t, ” Banks Organizations: INDIANAPOLIS, Kraft Foods Global, Inc, Kellogg Company, Northern District of, U.S . Senate, Maine Foods, United Egg Producers, United States, Nestle USA, United, United States Egg, Indiana’s U.S, Senate, Indiana’s, State, Republican, GOP, U.S, Rep, Indiana Republican Party Locations: An Illinois, Northern District, Northern District of Illinois, Indiana, Cal, United States, Acre, U.S, While Indiana

☆ Anderson Cooper says there was a steep learning curve in figuring out how to cover a candidate like Trump
▼ + stars: | 2023-09-04 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Cooper discussed the challenges of covering a Trump in an interview with the NYT. He said there was a "steep learning curve in figuring out how to deal with a candidate who is completely willing to lie." Cooper also defended CNN's town hall with Trump, calling him a "front-runner" in the Republican presidential primary. "There was a steep learning curve in figuring out how to deal with a candidate who is completely willing to lie and lies repeatedly and often," Cooper told the NYT. Aside from the challenges posed by Trump, Cooper also reflected on broader developments in the media landscape.

Persons: Cooper, Donald Trump —, Anderson Cooper, Michael Cohen's, Trump, CNN's, Chris Licht, Licht, — Cooper, Eric Sevareid — Organizations: Trump, Republican, Morning, New York Times, CNN, Republican Party, GOP, Cronkite Locations: CNN's, Trump

"I will do anything to protect Mr. Trump," Cohen told Fox News in 2017. "I decided that I was not going to allow history to remember me as the villain to his story," Cohen told Reuters in an interview. He said he was reimbursed in installments, and displayed a copy of a $35,000 check from Trump's personal bank account. He has also said that much of his criminal conduct - including the lie to Congress and the Daniels payment - arose out of his blind loyalty to Trump. On Friday, Cohen told Reuters he expected Trump and his allies to attack him.

☆ Michael Cohen and the Manhattan DA's Trump probe: It's complicated.
▼ + stars: | 2023-02-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

There are no security guards or obscuring metal gates when Cohen arrives for his weekly Trump probe sit-downs — just a dozen or so news cameras. "No," Cohen told The Daily Beast last April. By Bragg's sixth week on the job, the new DA, who'd never even met Cohen, told Pomerantz he "could not see a world" in which Cohen could be called as a DA witness. "Alvin Bragg is operating at Alvin Bragg's pace," Cohen told MSNBC on another appearance, after that 16th meeting. "The district attorney, and the team, I find them to be incredibly, incredibly competent and decent people," Cohen told Insider.

☆ George Santos's elaborate lies has seen the Congressman compared with a 19th-century huckster. History bears that out.
▼ + stars: | 2023-02-20 | by ( Allegra Rosenberg | ) www.businessinsider.com time to read: +15 min

My obsession is summed up pretty well by a tweet from @blagojevism: "George Santos is essentially a 19th-century character. Media depicting these characters found inspiration from real life: in a time before digital records and facial recognition, opportunity was everywhere. George Santos's brand of full-throated scammery is particularly American, something that belongs to this country as much as Abraham Lincoln and apple pie. The phrase "and if you believe that, I've got a bridge to sell you" comes from his legendary real-life method. But Santos, so far, has avoided jail time, giving him at least one leg up over the Yellow Kid.

☆ Michael Cohen said Trump may not run for the presidency in 2024 as it would destroy his political fundraising 'grift'
▼ + stars: | 2022-10-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

He predicted Trump will not, as it would limit Trump's ability to spend money he has fundraised. Cohen said Trump had far greater discretion over how he spends money raised through his PACs than he would if they were campaign funds. Under Federal Election Commission rules, Trump's power to spend money raised through a PAC is pretty much unlimited. But he is barred from spending the funds on his presidential campaign if he does announce a candidacy. These rules together mean he likely would be more limited in spending his existing PAC money than he currently is.

☆ Michael Avenatti convicted of wire fraud and aggravated identity theft in Stormy Daniels case and faces up to 22 years in prison
▼ + stars: | 2022-02-04 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +5 min

Michael Avenatti was convicted of wire fraud and aggravated identity theft. AdvertisementA jury on Friday convicted Michael Avenatti of wire fraud and aggravated identity theft following a widely watched trial. Avenatti was accused, among other things, of stealing hundreds of thousands of dollars from Daniels while he represented her. "You lied to me, that's not respectful," Daniels said, though she did later acknowledge telling federal investigators that Avenatti was polite and respectful towards her. While making their case against Avenatti, prosecutors displayed text messages in which Daniels expressed deep frustration because she thought the publisher was withholding payment.

Persons: Michael Avenatti, Avenatti, Stormy Daniels, —, Daniels, Donald Trump, Andrew Rohrbach, Rohrbach, Stephanie Clifford, Trump's, Michael Cohen, that's, Cohen Organizations: Service, Trump, New York Times, New York

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