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☆ How Sam Bankman-Fried's ex-girlfriend and early recruit helped put the FTX founder behind bars for 25 years
▼ + stars: | 2024-03-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +10 min

Yuki Iwamura | Bloomberg | Getty ImagesIn sentencing FTX founder Sam Bankman-Fried to a 25-year prison sentence on Thursday, Judge Lewis Kaplan cited testimony from Caroline Ellison, an ex-girlfriend of the defendant and early recruit into his crypto enterprise. In a Google document from February 2022 shared with the Times, Ellison wrote, "I have been feeling pretty unhappy and overwhelmed with my job. The government presented a series of Signal exchanges involving Bankman-Fried, Ellison, Wang and other top execs. Zoom In Icon Arrows pointing outwards Prosecutors relied heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Prosecutors relied heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.

Persons: Caroline Ellison, Yuki Iwamura, FTX, Sam Bankman, Judge Lewis Kaplan, Kaplan, Ellison, FTX spiraled, Damian Williams, she's, Fried, District Judge Lewis Kaplan, Jane Rosenberg, SBF Ellison, She'd, Michael Lewis, Caroline, Sam, Lewis, Nishad Singh, Gary Wang, Attorney Thane Rehn, Bankman, Binance, Sam Trabucco, Danielle Sassoon, Wang, SDNY Ellison, Um Organizations: Alameda Research, Bloomberg, Getty, Department of Justice, Manhattan U.S, U.S, District, Federal Court, Reuters, Jane, Stanford, Alameda, The New York Times, Times, Attorney, Google, Alameda's Locations: New York, Manhattan, FTX, New York City, Fried, California, Hong Kong, Bahamas, Alameda

☆ Homebuilt plane sold last year for $100,000 crashes into ocean off California coast, likely killing 4 people
▼ + stars: | 2024-01-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

A homebuilt aircraft crashed into the ocean just south of San Francisco on Sunday. AdvertisementA small homebuilt aircraft crashed off the coast of California on Sunday, The Associated Press reported. But the following morning, authorities said a fishing boat spotted a "deceased female" in the water, which they said was "likely associated with the plane crash given she was located in the same location." The Cozy Mark IV is 16.9 feet long with a wing span of 28.1 feet. It has a top speed of 200 mph and can travel around 1,000 miles, per Aircraft Spruce & Specialty Co., which sells plans for the Mark IV.

Persons: —, Mark IV, Emma Willmer, Lochie Ferrier, Cassidy Petit, Thane Ostroth, Ostroth, Marc Zeitlin, Zeitlin, Mark Organizations: Sunday, Service, Associated Press, Federal, Facebook, San, San Mateo County Sheriff's, Coast Guard, CHP, Aeronautical, National Transportation Safety Board, Cozy, AP, NTSB, Federal Aviation Administration, FAA, Specialty Co Locations: San Francisco, California, San Mateo County, Moss Beach , CA, Australian, United States

The plane was registered to an Oakland-based company called Winged Wallabies, Inc., according to Federal Aviation Administration records. He said it was “traumatic” to know the plane he had spent so much time on had crashed with people on board. Like commercial aircraft, all home-built planes are required by the FAA to be inspected annually for air worthiness. Cozy aircraft have the same safety record as commercially built planes of similar size, said aeronautical engineer Marc Zeitlin, who consults with the National Transportation Safety Board on crash investigations involving Cozy aircraft, including this one. “You buy foam, you buy fiberglass, you buy metal parts from all the manufacturers.

Persons: Mark IV, Thane Ostroth, Ostroth, “, I’ll, ” Ostroth, Marc Zeitlin, Zeitlin, ”, Zeitlen, Emma Willmer, John Antczak Organizations: ANGELES, Wallabies, Inc, Federal Aviation Administration, Authorities, Cozy, FAA, National Transportation Safety Board, Burnside Aerospace, San, San Mateo County Sheriff’s Office, U.S . Coast Guard, San Mateo County Coroner’s, The National Transportation Safety Board, Associated Press Locations: California, San Francisco, Oakland, Thane, Australia, Michigan, Florida, Ross, San Mateo County, U.S, Los Angeles

☆ India's construction sector levels up as housing demand spurs economy
▼ + stars: | 2023-12-02 | by ( Manoj Kumar | ) www.reuters.com time to read: +5 min

That helped India expand at a forecast-beating 7.6%, making it one of the world's fastest-growing major economies. It has been driven by rising incomes for many Indians, a severe housing shortage in big cities and strong population growth. Builders are bullish long-term with many saying the boom could last two to three years and some even more optimistic. "The housing market could continue to perform well for another three to four years," Sanjeev Jain, managing director at Parsvnath Developers, a leading real estate company, noting that India is in the initial stages of a housing growth cycle. The government is also trying to boost the availability of affordable housing by providing subsidies, which is encouraging construction in India's smaller towns and cities.

Persons: Nifty, Sunil Sinha, Sanjeev Jain, Prashant Thakur, Jayesh Rathod, Narendra Modi's, Manoj Kumar, Nigam, Ira Dugal, Edwina Gibbs Organizations: DELHI, Fitch, Builders, Parsvnath Developers, Reuters, Graphics, Advisory, Prestige Estates, DLF, Reuters Graphics, Thomson Locations: India, China, Mumbai, New Delhi, Bangalore, rocketed, Thane, Tamil Nadu, Karnataka, Gujarat

[1/6] Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. But he acknowledged service capacity issues and said Ola was "aggressively" bolstering its service network by adding 100 new centres and hiring more technicians. 'TESLA FOR WEST, OLA FOR REST'Aggarwal often declares, "Tesla is for the West, Ola for the rest", and he's a man in a hurry. "Electric vehicles are new to people so they aren't aware of how to ride the vehicle to maximise optimal output," he said.

Persons: Francis Mascarenhas, it's, Elon Musk, Aggarwal's Ola, Tesla, Ola, Devendra Ghuge, Aggarwal, Ola EVs, Ravi Bhatia, Bhatia, Japan's SoftBank, Ronald Radhakrishnan, Koradia, Riddhima Talwani, Aditi Shah, Rishika Sadam, Sriram, Arpan Chaturvedi, Anushree, Pandya, Francis Mascerehnas, Varun Vyas, Munsif, Jatindra, Saurabh Sharma, Sumit Khanna, Jose Devasia, Aditya Kalra Organizations: Ola Electric Service Centre, REUTERS, Staff, Reuters, JATO Dynamics, WEST, OLA, West, Singapore's Temasek, Industry, Hero Electric, TVS, EV, Ola, Fayaz Bukhari, Thomson Locations: Thane, Mumbai, India, THANE, HYDERABAD, DELHI, MUMBAI, Chennai, Bengaluru, India's, U.S, China, Kochi, New Delhi, Bhubaneswar, Lucknow, Ahmedabad, Jose, Srinagar

☆ Sam Bankman-Fried's ex-friends and top lieutenants all demolished his criminal defense from the witness stand
▼ + stars: | 2023-10-21 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

Sam Bankman-Fried's defense attorneys have argued that FTX's collapse is complicated and he didn't know everything. AdvertisementAdvertisementDuring opening statements at Sam Bankman-Fried's trial, it quickly became clear that prosecutors and his defense attorneys had very different approaches. But Bankman-Fried's attorneys may convince jurors that Bankman-Fried genuinely believed his actions were acceptable in the wild-west cryptocurrency industry. The challenge for Bankman-Fried's attorneys is to convince jurors that he didn't know about any wrongdoing. "Sam directed me to," Ellison testified.

Persons: Sam Bankman, They've, —, — Caroline Ellison, Gary Wang, Nishad Singh —, Thane Rehn, Rehn, Mark Cohen, Ellison, Cohen, FTX, Crypto, it's, Sam Bankman Fried, Craig Ruttle, Sarah Krissoff, Cozen O'Connor, Fried, Krissoff, Singh, Wang, Paul Tuchmann, Wiggin, Dana, Sam, Caroline Ellison, Eduardo Munoz Alvarez, Gary, Sun, He's Organizations: Service, Prosecutors, Alameda Research, Alameda Locations: Manhattan, Washington, Bankman, Alameda, New York, FTX, Bahamas

☆ SBF’s ex-girlfriend Caroline Ellison takes the stand as government’s star witness
▼ + stars: | 2023-10-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Ellison, who ran FTX's sister hedge fund Alameda Research, pleaded guilty in December to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering. Ellison also spent years as Bankman-Fried's on-again, off-again girlfriend and, at times, his roommate. Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023. Noticeably absent thus far in proceedings is the mention of Ellison's co-CEO Sam Trabucco, who was a classmate of Bankman-Fried at MIT. Lawyers for the U.S. Attorney's office entered into evidence photos featuring Sam Bankman-Fried and his fellow co-workers at their shared $35 million Bahamian penthouse.

Persons: Caroline Ellison, Sam Bankman, Ellison, Gary Wang —, Fried, Yuki Iwamura, Attorney Thane Rehn, Rehn, Mark Cohen, Ellison's, Sam Trabucco, Trabucco Organizations: Alameda Research, Stanford, Jane Capital, Alameda, Bloomberg, Getty, Attorney, MIT, U.S Locations: Manhattan, Alameda, San Francisco Bay, New York, FTX

Sam Bankman-Fried watches as Assistant U.S. Attorney Thane Rehn makes his opening remark in Bankman-Fried's fraud trial over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 4, 2023 in this courtroom sketch. REUTERS/Jane Rosenberg/File Photo Acquire Licensing RightsNEW YORK, Oct 6 (Reuters) - Sam Bankman-Fried's fraud trial kicked off this week, nearly a year after the FTX cryptocurrency exchange he founded declared bankruptcy in a collapse that shocked markets and left the 31-year-old wunderkind's reputation in tatters. Bankman-Fried has pleaded not guilty to charges of stealing billions of dollars in customer funds to prop up his crypto-focused hedge fund, Alameda Research. "Sam and his colleagues were building the plane as they were flying it," Cohen said in his opening statement on Wednesday. "The conversation began with me bringing up the large debt owed by Alameda to FTX and asking something like, 'are things OK?'"

Persons: Sam Bankman, Attorney Thane Rehn, Jane Rosenberg, Fried, Rehn, Mark Cohen, Sam, Cohen, Adam Yedidia, Fried's, Yedidia, Matt Huang, Huang, Gary Huang, Wang, Luc Cohen, Matthew Lewis Organizations: U.S, Attorney, Federal Court, REUTERS, Alameda Research, Manhattan U.S, ALAMEDA, Paradigm, Thomson Locations: Bankman, FTX, New York City, U.S, Thane, Alameda, New York

☆ Sam Bankman-Fried’s crypto empire was ‘built on lies,’ US prosecutor says
▼ + stars: | 2023-10-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —In their opening statements to a newly sworn-in jury in Manhattan federal court, lawyers laid out previews of their cases, offering two divergent narratives for the collapse of Sam Bankman-Fried’s crypto empire. The US government has charged Bankman-Fried with multiple counts of fraud and conspiracy, following the implosion of his crypto-trading platform, FTX, last year. But as his own lawyer, Mark Cohen, stepped up to speak, Bankman-Fried’s demeanor softened and his focus shifted to the jury box. “Sam didn’t defraud anyone,” he told jurors, arguing that his client acted in good faith throughout the rise and fall of his startups. Legal experts say Bankman-Fried’s lawyers have their work cut out for them.

Persons: Sam Bankman, Thane Rehn, ” Rehn, Fried, “, ”, Elizabeth Williams, Rehn, Mark Cohen, Cohen, Sam didn’t, Sam, ” Cohen, FTX’s, FTX, “ It’s Organizations: New, New York CNN, Prosecutors Locations: New York, Manhattan, Bahamas

In his opening statement, Rehn said Bankman-Fried used more than $10 billion in FTX customer funds to amass his own wealth, power and influence. But Rehn said FTX collapsed because of Bankman-Fried's plundering of FTX customer cash. According to prosecutors, Bankman-Fried installed Ellison, his sometime romantic partner, as a "front" to lead Alameda in 2021. "In reality he was still calling the shots at Alameda," Rehn said. But Bankman-Fried's lawyer said that handing over the reins was normal as FTX grew and took up his time.

Persons: Sam Bankman, Attorney Thane Rehn, Jane Rosenberg REFILE, Fried, Thane Rehn, Mark Cohen, Rehn, Cohen, Zhao, FTX, duping, Caroline Ellison, Ellison, Jody Godoy, Luc Cohen, Amy Stevens, Matthew Lewis Organizations: U.S, Attorney, Federal Court, REUTERS, Alameda Research, Alameda, Bankman, Thomson Locations: Bankman, FTX, New York City, U.S, Bahamas, Alameda, New York

Sam Bankman-Fried's lawyer tried to blame Caroline Ellison for FTX's collapse during opening statements. AdvertisementAdvertisementSam Bankman-Fried's defense attorney, Mark Cohen, took aim at the FTX cofounder's ex-girlfriend, Caroline Ellison, during his opening statements in the criminal trial over the collapse of FTX on Wednesday. Bankman-Fried is on trial in Manhattan federal court on charges that he defrauded FTX customers and investors out of billions of dollars. AdvertisementAdvertisementMeanwhile, prosecutor Thane Rehn told the jury that Bankman-Fried stole more than $10 billion from FTX customers, all while telling customers they could access their money at any time. "When customers put money in FTX, he stole it.

Persons: Sam Bankman, Caroline Ellison, —, Mark Cohen, Cohen, Fried, Ellison, Ellison didn't, What's, who'd, Thane Rehn, Rehn Organizations: Service, Alameda Research, New York Times, Reuters Locations: FTX, Alameda, Manhattan

But FTX had asserted the opposite in an online post about a car race it sponsored in Miami Beach, Florida, six months before its November 2022 collapse. loadingAt Bankman-Fried's trial on Wednesday, prosecutors played for the jury FTX video advertisements in which a narrator said, "we're inviting everyone in," as well as spots featuring NFL quarterback Tom Brady and comedian Larry David. Bankman-Fried, 31, has pleaded not guilty to two counts of fraud and five counts of conspiracy over the collapse of FTX. Mark Cohen, Bankman-Fried's lawyer, said his client never intended to steal funds. "But on the other hand, many factors that nobody controlled could make crypto go up and down in value.

Persons: Sam Bankman, Mark Cohen, Jane Rosenberg, FTX, Shaquille O'Neal, Tom Brady, Larry David, Bankman, Prosecutors, cryptocurrency, Thane Rehn, Fried, Rehn, Cohen, O'Neal, Brady, David, Luc Cohen, Jody Godoy, Amy Stevens, Matthew Lewis Organizations: Federal Court, REUTERS, Twitter, Miami Heat, Thomson Locations: Bankman, FTX, New York City, U.S, Miami Beach , Florida, New York

Sam Bankman-Fried Trial appears at Federal Court in New York on Oct. 4th, 2023. Two years later, Julliard stood as the prosecution's first witness in the criminal fraud trial against FTX founder Sam Bankman-Fried, who's accused of misusing billions of dollars in client money. He and thousands of other FTX customers were practically wiped out when the exchange went belly up late last year. Allan Joseph Bankman, father of FTX Co-Founder Sam Bankman-Fried, and Barbara Fried, mother of FTX Co-Founder Sam Bankman-Fried, arrive at court in New York, US, on Wednesday, Oct. 4, 2023. WATCH: Sam Bankman-Fried criminal trial begins in New York

Persons: Sam Bankman, Claudia Johnson Marc, Antoine Julliard, Julliard, who's, FTX, Gisele Bündchen, Fried, Jane Rosenberg, Sam, Mark Cohen, Cohen, Attorney Thane, Rehn, Alameda's, Caroline Ellison, Allan Joseph Bankman, Barbara Fried, Stephanie Keith, Ellison's, Sam Trabucco, Trabucco, Rein, Adam Yedidia, Bankman, Yedida, hadn't, Gary Wang Organizations: Court, FTX, Federal Court, Reuters Defense, Alameda Research, Bankman, Assistant U.S, Attorney, Capitol, U.S, Bloomberg, Getty, MIT, Massachusetts Institute of Technology, Prosecutors Locations: New York, London, Manhattan, FTX, New York City, U.S, Alameda, Attorney Thane Rehn, Rehn

NANDED, India, Oct 3 (Reuters) - Twelve infants died in one day at a hospital in the Indian state of Maharashtra, sparking a political storm on Tuesday with opposition politicians accusing the regional government and hospital authorities of negligence. "My brother's one-day old infant died on Sunday at the hospital, and he was the fifth baby to die. We saw four more babies die in front of us," said Yogesh Solanki, whose family brought the baby to the hospital. The dean of Shankarrao Chavan hospital, Shyamrao Wakode, did not respond to a Reuters request for comment on this allegation or opposition accusations of negligence, saying in a brief phone call that he had no time because a government minister was visiting the premises. In Shankarrao Chavan hospital on Tuesday, patients crowded the corridors and pigs roamed the premises outside, underlining the disarray at most government-run hospitals in the world's most populous country.

Persons: Yogesh Solanki, Solanki, Shyamrao Wakode, Wakode, Francis Mascarenhas, Girish Mahajan, Narendra Modi's, Rahul Gandhi, Francis Mascerehnas, Sakshi Dayal, Mark Heinrich Our Organizations: Hospital, Reuters, Medical College, REUTERS, BJP, World Health Organisation, Thomson Locations: NANDED, India, Indian, Maharashtra, Nanded, Mumbai, Chavan, Thane, New Delhi

☆ A scientist is spending 100 days in an underwater hotel 22-feet deep in a Florida lagoon — see inside the structure
▼ + stars: | 2023-03-30 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: 1 min

The Jules' Undersea Lodge is accessible through a 'moon pool.' Joe Dituri and Jason Sonners, a certified hyperbaric practitioner, access the lodge through its moon pool. Dituri will host many visiting scientists during his stay at the lodge. Thane Milhoan/MarineLabJoe Dituri and Jason Sonners, a certified hyperbaric practitioner, access the lodge through its moon pool. Dituri will host many visiting scientists during his stay at the lodge.

☆ An 84-year-old Walmart greeter said he was fired for his age, prompting a $50,000 GoFundMe campaign. Walmart said he refused to do parts of his job and 'exhibited unacceptable behavior.'
▼ + stars: | 2023-02-15 | by ( Ben Tobin | ) www.businessinsider.com time to read: +4 min

84-year-old Thane Telford worked at Walmart for 14 years and said he was fired due to his age. Walmart said Telford was fired because he did not fulfill all of his daily responsibilities. In his time with the company, he "never had a problem," he told Insider. Telford and members of his family told Insider they are considering suing Walmart for alleged age discrimination. Walmart announced changes to its store greeter position in 2016.

☆ This week's best performers include one telecom stock expected to nearly double from current levels
▼ + stars: | 2022-11-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The latest U.S. inflation data has sparked a massive rally, putting the S & P 500 on track for a strong weekly performance. The S & P 500 is up about 5.1% week to date. That report sparked a 5.5% rally in the S & P 500, its biggest one-day gain since 2020. Given these moves, CNBC Pro screened the S & P 500 for this week's best performers. On average, analysts see Dish shares rallying 97% over the next 12 months.

☆ Bărbat, chemat de primărie să-și ridice certificatul de deces; „Le-am spus că nu am cum să fiu mort dacă vorbesc cu mine”
▼ + stars: | 2021-07-01 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: Indian ExpressBărbat, chemat de primărie să-și ridice certificatul de deces; „Le-am spus că nu am cum să fiu mort dacă vorbesc cu mine”Săptămâna aceasta, un bărbat indian de 54 de ani a primit cel mai ciudat apel telefonic din viața lui: a fost sunat pe mobil de la primărie și invitat să-și ridice certificatul de deces. Chandrashekhar Desai, din Manpada in Thane, spune că a fost bolnav de Covid-19 în august 2020 și s-a tratat acasă. În timpul perioadei de izolare a fost sunat o singură dată de autoritățile medicale care l-au întrebat de sănătate. A fost surprinsă și m-a întrebat dacă altcineva din familie a murit sau a fost infectat cu Covid”, a spus bărbatul. ), dar nu și-au recunoscut greșeala... Dar mi-au promis că vor lua măsurile necesare pentru a corecta eroarea ”, a spus Desai.

Persons: Chandrashekhar, Desai Organizations: Indian, Bărbat Locations: Ghatkopar

☆ O clădire cu trei etaje S-A PRĂBUŞIT în Mumbai, din cauza ploilor musonice. Sunt morți, printre care şapte copii
▼ + stars: | 2021-06-10 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Cel puţin 11 persoane, printre care şapte copii, au murit, iar alte şapte au fost rănite după ce o clădire cu trei etaje s-a prăbuşit miercuri seară în oraşul indian Mumbai, afectat de ploi torenţiale. Alți zeci de oameni s-ar putea afla în continuare sub dărâmături. "Mai multe persoane s-ar putea afla în continuare sub dărâmături, iar operaţiunile de căutare şi salvare sunt în curs de desfăşurare", a declarat un reprezentant al unei organizaţii civice, scrie digi24.ro. Sezonul musonic a debutat mai devreme în acest an în Mumbai. Sezonul musonic creează de obicei blocaje impresionante în Mumbai, un oraş construit pe ţărmul Mării Arabiei, din cauza inundaţiilor ample provocate de ploile torenţiale.

Organizations: Agerpres Locations: indian Mumbai, Mumbai, Indiei, Thane

În ultimele 24 de ore, în India au fost raportate 326.098 de cazuri de îmbolnăvire cu Covid-19, cea mai mică creștere a numărului de cazuri din ultimele trei săptămâni. Bilanțul total al cazurilor din india a ajuns la 24,37 de milioane. Alte 3.890 de decese au fost raportate. În ultima săptămână, numărul de cazuri din India a crescut cu 1,7 milioane, iar peste 20.000 de oameni au murit din cauza îmbolnăvirii. Cazuri de mucormicoză au fost raportate însă într-o mulțime de alte state – în Delhi, Gujarat, Karnataka, Rajasthan sau Odisha.

Persons: Dr ., Gupta Locations: India, india, Thane, Maharashtra, Pradesh, Delhi, Gujarat, Karnataka, Rajasthan

☆ „Ciuperca neagră”, infecția care afectează pacienții cu Covid din India s-a răspândit în mai multe orașe
▼ + stars: | 2021-05-13 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +4 min

Cazuri de mucormicoză au fost raportate însă într-o mulțime de alte state – în Delhi, Gujarat, Karnataka, Rajasthan sau Odisha. Medicii cred că mucormicoza apare la pacienții cu Covid din cauza folosirii steroizilor, un tratament necesar pentru cei în stare extrem de gravă. De asemenea, ciuperca mai apare și la persoanele cu un sistem imunitar compromis și poate apărea și ca infecție nosocomială. Ministrul sănătății al guvernului local din Maharasthra, cel mai afectat stat, spune că doar această regiune înregistrează cel puțin 2.000 de cazuri de mucormicoză la pacienți Covid. Valul mortal al pandemiei de coronavirus care a lovit India luna trecută a îngenunchiat sistemul medical al țării.

Persons: Dr ., Gupta, Dr . Gaurav Kumar, Manohar Locations: Covid, India, Thane, Maharashtra, Pradesh, Delhi, Gujarat, Karnataka, Rajasthan

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