DIRS.INFO The most relevant business & tech news

☆ Sam Bankman-Fried's old penthouse roommate insisted on immunity before testifying because he feared he unwittingly facilitated a crime
▼ + stars: | 2023-10-04 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +5 min

Yedidia insisted on immunity to testify because he was worried he may have facilitated a crime. AdvertisementAdvertisementBefore Adam Yedidia could testify against Sam Bankman-Fried at the FTX cofounder's criminal trial, he needed reassurances. AdvertisementAdvertisementThis courtroom sketch shows Adam Yedidia, former FTX and Alameda Research employee and former friend of Sam Bankman-Fried, testifying, Wednesday, Oct. 4, 2023. In 2017, he worked at Alameda Research for two months as a trader before leaving to pursue a PhD. Yedidia said he lived in a $35 million penthouse apartment in the Bahamas, which he said Alameda Research purchased at Bankman-Fried's direction.

Persons: Sam Bankman, Adam Yedidia, Yedidia, —, Fried, Elizabeth Williams, Lewis Kaplan, who's, Caroline Ellison, Gary Wang, Prosecutors, Wang, Yedida Organizations: Service, Prosecutors, Alameda Research, AP, MIT Locations: Alameda, Manhattan, FTX, Bankman, Bahamas

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

A man living on the streets displays what he says is the synthetic drug fentanyl at the Tenderloin section of San Francisco, California, U.S., February 27, 2020. "We are here today to deliver a message on behalf of the United States government. "We know that this global fentanyl supply chain, which ends with the deaths of Americans, often starts with chemical companies in China." The Treasury accused the China-based network of being responsible for the manufacturing and distribution of fentanyl, methamphetamine and MDMA precursors. It said the network is capable of synthesizing multi-thousand-kilogram quantities of fentanyl, methamphetamine, and MDMA precursors and other illicit chemicals.

Persons: Shannon Stapleton, Joe Biden's, General Merrick Garland, Garland, Andrew Goudsward, Daphne Psaledakis, Michael Martina, Rami Ayyub, Costas Pitas, Susan Heavey, David Gregorio Our Organizations: REUTERS, Rights, United, U.S, U.S . Treasury Department, Justice Department, Treasury, Thomson Locations: San Francisco , California, U.S, United States, China, Washington, China's, Mexico, Sinaloa, Canada

☆ Sam Bankman-Fried trial: Potential juror dismissed after saying he can't be unbiased given 'everything negative' he heard about crypto
▼ + stars: | 2023-10-03 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +3 min

One prospective juror said he couldn't be objective given "everything negative" he's heard of crypto. AdvertisementAdvertisementCryptocurrency itself isn't on trial, but strong feelings about the virtual currency may be shaping Sam Bankman-Fried's criminal trial. He told prospective jurors earlier in the day that he expected to conclude the selection process by Wednesday morning, before opening statements. AdvertisementAdvertisementFamiliarity with cryptocurrency, the dramatic collapse of FTX, or Bankman-Fried's case specifically isn't necessarily disqualifying to be a juror. One prospective juror said she would have a problem rendering a guilty verdict if Bankman-Fried faced the death penalty.

Persons: Sam Bankman, He's, he's, —, I'm, Lewis Kaplan, cryptocurrency, Kaplan, Bankman, Fried, — Kaplan, they'd, Kaplan didn't Organizations: Service, US, Prosecutors, Alameda Research, Insight Partners Locations: Manhattan, FTX, Alameda

☆ Explainer: What charges does Sam Bankman-Fried face over FTX's collapse?
▼ + stars: | 2023-10-03 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsNEW YORK, Oct 3 (Reuters) - Sam Bankman-Fried is set to go on trial on Tuesday on fraud and conspiracy charges related to the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded and led. He faces one count of wire fraud, two counts of conspiracy to commit fraud, and one count of money laundering conspiracy over the alleged theft of customer funds. Bankman-Fried faces one wire fraud count and two conspiracy counts over the alleged misrepresentations to investors and lenders. Reporting by Luc Cohen in New York; Editing by Noeleen Walder and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Fried, Amr Alfiky, Caroline Ellison, Ellison, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: United, REUTERS, Alameda Research, Alameda, Prosecutors, Thomson Locations: New York City, U.S, FTX, Bahamas, Alameda, New York

Companies Champion Trust Llc FollowNEW YORK, Oct 3 (Reuters) - Sam Bankman-Fried's fraud trial got under way with jury selection on Tuesday, nearly a year after his now-bankrupt cryptocurrency exchange's collapse shocked markets and tattered his reputation. He was dressed in a suit and tie, with his once signature curly, unkempt hair cut into a neater trim. Bankman-Fried's is the highest profile case U.S. prosecutors have so far brought against a former cryptocurrency executive. Prosecutors say Bankman-Fried built that reputation on lies and bolstered it with endorsements from celebrities and star athletes. He will be brought to court early on most days to allow him to prepare with his lawyers.

Persons: Sam Bankman, District Judge Lewis Kaplan, Kaplan, Bankman, Fried, Nicolas Roos, Mark Cohen, Caroline Ellison, Gary Wang, Nishad Singh, Ellison, Jody Godoy, Luc Cohen, Amy Stevens, Lincoln, Nick Zieminski Organizations: District, Alameda Research, Manhattan U.S, Prosecutors, Thomson Locations: Manhattan, FTX, Alameda, New York

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 3 (Reuters) - Former FTX chief operating officer Constance Wang agreed to serve as a witness for U.S. prosecutors in their case against the crypto exchange's founder and former CEO Sam Bankman-Fried, according to Michael Lewis' new book on FTX's collapse. "Going Infinite: The Rise and Fall of a New Tycoon" hit the shelves as Bankman-Fried's criminal trial began in Manhattan on Tuesday. While the U.S. prosecutors have said they plan to call a handful of Bankman-Fried's former inner circle to testify, Wang has not been named among them. Wang joined FTX in 2019 from rival crypto exchange Huobi as its eighth employee, and often accompanied Bankman-Fried to meetings in which Mandarin was spoken, Lewis said. Prosecutors have said they plan to call former Alameda chief executive Caroline Ellison, former FTX technology chief Gary Wang, and former engineering chief Nishad Singh to testify.

Persons: Sam Bankman, Andrew Kelly, Constance Wang, Michael Lewis, FTX, Fried, Wang, Lewis, Caroline Ellison, Gary Wang, Nishad Singh, Hannah Lang, Luc Cohen, Michelle Price, Matthew Lewis Organizations: FTX, Manhattan, REUTERS, Alameda Research, U.S, Prosecutors, Alameda, Thomson Locations: New York City, U.S, Manhattan, Bahamas, Caribbean, Washington, New York

☆ The $8 billion Sam Bankman-Fried criminal trial starts today — here's what's at stake and how we got here
▼ + stars: | 2023-10-03 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

In the first trial, Bankman-Fried faces seven criminal counts related to the collapse of the crypto empire he built, including wire fraud, securities fraud and money laundering. Alameda, FTX and a host of subsidiaries Bankman-Fried founded filed for bankruptcy protection in Delaware. FTX's own terms of use specifically forbade him, or Alameda, from using customer money for anything — unless the customer allowed it. And from FTX's inception, there was a lot of customer money. Bankman-Fried and other executives admitted to each other that "FTX customer funds were irrevocably lost because Alameda had appropriated them."

Persons: Sam Bankman, Fried, Caroline Ellison, Gary Wang, Ellison, FTX, Wang, Judge Lewis Kaplan, Samuel Bankman, MacKenzie Sigalos, San Francisco —, SBF, Wang —, Nishad Singh —, Goldman Sachs, Binance, Damian Williams, Rehypothecation, —, Crypto, Solana, Zhao, he'd, Cromwell, John J, Ray, John Ray's, — CNBC's Rohan Goswami Organizations: Alameda Research, Southern, of, Stanford, MIT, U.S, New York Times, Bankman, That's, CNBC, Jane, Capital, University of California, Formula, Democratic, Twitter, Securities Exchange Commission, SEC, Futures Trading, United States Attorney's Office, CFTC, Alameda, Alameda didn't, Voyager, BlockFi, FTX, Industry, Investors, Zhao, Publicly, Sullivan, Enron Locations: Bahamas, Manhattan, New York, Alameda, of New York, FTX, Brooklyn , New York, San Francisco, South Korea, Alameda , California, Fried's Alameda, Berkeley, Miami, Washington, Delaware, California, Federal, Solana, Fried

☆ Insider Today: Amazon's secret search plan
▼ + stars: | 2023-10-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementThe retail giant is overhauling its search bar with ChatGPT-like features that'll act as a sort of concierge for customers, offering expert answers and product suggestions. Dubbed Project Nile, Amazon's top leaders, including CEO Andy Jassy, view the new search bar as a top priority. AdvertisementAdvertisementHowever, Amazon's overhauled search bar will arguably be the most impactful implementation of generative AI from Big Tech for US consumers thus far. insider intelligenceIn reading Eugene's piece, three follow-up questions immediately came to mind:How will Amazon sellers try and game the new search bar? However, Joseph Sirosh serves as VP of Amazon Search and Alexa Shopping, suggesting Alexa could get a much-needed boost from the new search bar.

Persons: —, Mike Blake, Alyssa Powell, Amazon's, Andy Jassy, Eugene Kim, Joseph Sirosh, Alexa, TikTok, Ben Sun, Anu Duggal, Susan Lyne, Josh Wolfe, Matt Harris, Jillian Williams, Melissa Kwan, Sergey Brin, Brin, Hugo Herrera, Sam Bankman, Fried, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Reuters, Nile, Microsoft, Big Tech, Alexa, Amazon Search, Getty, Wall Street, BBG Ventures, Lux Capital, Apple, Bain Capital Ventures, Cowboy Ventures, Prosecutors, BET, MLB, American League and National League, Houston Astros Locations: Atlanta, Sonoma , California, New York City, San Diego, London, New York

☆ Sam Bankman-Fried made Caroline Ellison a pros and cons list for a sexual relationship with him. One con was 'In a lot of ways I don't really have a soul.'
▼ + stars: | 2023-10-03 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Sam Bankman-Fried sent Caroline Ellison a pros and cons list on their romantic relationship. The list had more cons than pros, one of which was his lack of empathy, according to a new book. "In a lot of ways I don't really have a soul," Bankman-Fried wrote in the memo, according to Lewis. In the message, she listed some of her hang-ups with Bankman-Fried, including "confusing signals, e.g. AdvertisementAdvertisementDespite the risks noted in Bankman-Fried's pros and cons list, Ellison continued to pursue a relationship, Lewis said.

Persons: Sam Bankman, Fried, Caroline Ellison, Ellison, —, Michael Lewis, Lewis, — Ellison, Caroline, Sam, Bankman Organizations: Service, Alameda Research, Bankman, Prosecutors, The New York Times Locations: Bankman, FTX

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins today. Here's everything you need to know.
▼ + stars: | 2023-10-03 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court today. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

Persons: Sam Bankman, SBF, —, FTX, Fried, Tom Brady, Gisele Bündchen, Stephen Curry, Naomi Osaka, Larry David, Kevin O'Leary, Caroline Ellison, He's, Michael Lewis, guarantors, Lewis Kaplan, Jane Rosenberg, Kaplan, Bankman, Ellison, messaged, Eduardo Munoz, Mark S, Cohen, Christian Everdell, Ghislaine Maxwell, Maxwell, They're, Danielle Sassoon, Nicholas Roos, who's, Joe Lewis, Jean Carroll, Donald Trump, Trump, Bill Clinton, Gambino, Prince Andrew, Mary Altaffer, SBF's, Joseph Bankman, Barbara Fried, Gary Wang —, Nishad Singh, Ryan Salame, Cohen wearily, there's Organizations: Prosecutors, Service, Alameda Research, Miami Heat's, The New York Times, Metropolitan Detention, US, Office, Southern, Bankman, Manhattan Federal Court, REUTERS, Washington , D.C, Supreme, AP, Securities, Exchange Commission, Stanford University Locations: FTX, Manhattan, America, Palo Alto , California, New York, Bahamas, Washington ,, Joaquín, Bankman, Guantanamo, Alameda

☆ Criminal trial of US Senator Bob Menendez set for May 6
▼ + stars: | 2023-10-02 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

Senator Bob Menendez’s trial on corruption charges will begin in May, a federal judge in New York said on Monday. The Democratic senator for New Jersey has pleaded not guilty and resisted calls for his resignation following his indictment last month on charges of taking bribes from three New Jersey businessmen. The senator’s wife and businessmen Jose Uribe, 56, Fred Daibes, 66, and Wael Hana, 40, have also pleaded not guilty. The probe marks the third time Menendez has been under investigation by federal prosecutors. Menendez, one of two senators representing New Jersey, stepped down from his role as chairman of the Senate Foreign Relations Committee, as required under his party’s rules.

Persons: Bob Menendez’s, Sidney Stein, Menendez, Jose Uribe, Fred Daibes, Wael Hana, Hana Organizations: Democratic, Prosecutors, Senate Foreign Relations Locations: WASHINGTON, New York, New Jersey, Jersey, U.S, Manhattan

Law Firms Michael R. Becker FollowNEW YORK, Oct 2 (Reuters) - Sam Bankman-Fried will likely defend himself at his fraud trial, due to begin on Tuesday, by arguing he did not think the use by his FTX cryptocurrency exchange of customer funds was improper and by challenging the credibility of those who say otherwise. He has long acknowledged failing to manage risk at FTX, but denied prosecutors' claims he stole billions of dollars in FTX customer deposits to plug Alameda's losses. In September court papers, Bankman-Fried's lawyers said he had a "good faith belief" that the manner in which FTX and Alameda handled customer funds was permissible. Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023. Prosecutors are seeking to play jurors a recording of an Alameda meeting in which Ellison told colleagues that Bankman-Fried approved the use of customer funds.

Persons: Michael R, Becker, Sam Bankman, Fried, FTX, Alameda, Jordan Estes, Estes, Kramer Levin, Eduardo Munoz, District Judge Lewis Kaplan, Caroline Ellison, Gary Wang, Nishad Singh, Tim Howard, Freshfields, Ellison, Wang, Kaplan, Luc Cohen, Amy Stevens, Daniel Wallis Organizations: Alameda Research, New York Times, REUTERS, U.S, Attorney's, District, Alameda, Prosecutors, Thomson Locations: Brooklyn, Bankman, FTX, Alameda, New York, U.S, Manhattan

NEW YORK (AP) — For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan. The trial of Bankman-Fried, the founder of the failed cryptocurrency brokerage FTX, will begin Tuesday with jury selection. Political Cartoons View All 1190 ImagesThe 31-year-old Bankman-Fried founded FTX in 2019, and it grew rapidly. Bankman-Fried is expected come face-to-face with his former lieutenants at FTX for the first time since its collapse. She has previously said in a statement through her lawyers that she knew funneling FTX customers' money into Alameda was wrong.

Persons: Sam Bankman, Fried, Bernie Madoff, ”, Michael Zweiback, Zweiback, Zalduendo, FTX, SBF ”, J.P, Morgan, Tiger Woods, Justin Timberlake, Bankman, John Ray III, Caroline Ellison, Gary Wang, Ryan Salame, Salame, Ellison, funneling, Christine Adams, Adams, Andrew Ross Sorkin, Judge Lewis A, Kaplan, Changpeng Zhao, Larry Neumeister Organizations: Southern, of, Republicans, “ Prosecutors, Zalduendo LLP, Stanford University, Alameda Research, Alameda, Enron, FTX, Bankman, Prosecutors, The New York Times, NFTs, Securities and Exchange Commission, Binance, SEC Locations: Morgan, of New York, Washington, cryptocurrencies, Silicon Valley, FTX, The Bahamas, Albany, Alameda, Bahamas, New York, Palo Alto , California

☆ Sen. Bob Menendez bribery trial set for May 2024
▼ + stars: | 2023-10-02 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

A federal judge on Monday scheduled the trial of Sen. Bob Menendez of New Jersey and his wife Nadine on bribery and corruption charges to begin May 6, 2024. Menendez, his wife, and the trio of businessmen will stand trial in U.S. District Court in Manhattan. The couple is charged with three counts each: Conspiracy to commit bribery, conspiracy to commit honest services fraud, and conspiracy to commit extortion under color of official right. Menendez insists he is innocent, and has refused calls by more than half of the Democratic Senate caucus that he resign. The indictment alleges that Menendez for years used his position as chairman of the Senate Foreign Relations Committee to benefit the three business associates.

Persons: Robert Menendez, Sen, Bob Menendez, Nadine, Menendez, Prosecutors Organizations: Senate Democratic Caucus, U.S, Capitol, Bob Menendez of New, Democratic Senate, Senate Foreign Relations Locations: Washington, Bob Menendez of, Bob Menendez of New Jersey, Jersey, U.S, Manhattan, Egypt, F.B.I, Englewood

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins this week. Here's everything you need to know.
▼ + stars: | 2023-10-02 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court on Tuesday. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

☆ Cigna Group announces settlement with US on claims it overcharged Medicare Advantage program
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +1 min

Signage for Cigna is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsWASHINGTON, Sept 30 (Reuters) - Health insurer Cigna Group (CI.N) says it has reached a settlement with the United States over claims it overcharged the government's Medicare Advantage program by making it appear patients were more ill than they actually were. The settlement, reached on Friday, includes a payment of about $172 million by Cigna. Cigna said it also will enter into a corporate integrity agreement with the U.S. Office of Inspector General. Medicare is a government health insurance program for people ages 65 and older.

Persons: Andrew Kelly, Cigna, Paul Grant, Daniel Wallis Organizations: REUTERS, Rights, Cigna, U.S . Office, U.S, Medicare, Thomson Locations: Queens , New York City, U.S, United States, Manhattan, Connecticut

☆ Bankman-Fried trial poses biggest test to date for crypto's top cop
▼ + stars: | 2023-09-29 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +6 min

Bankman-Fried's will be the first of Williams' blockbuster white collar cases to go to trial. The cases Williams, 43, has brought so far show he has been a "steward" of the SDNY's longstanding priorities, said Kan Nawaday, who overlapped with Williams at the office. Prosecutors had described the cases as the first insider trading cases brought involving digital assets. Williams' charges against Bankman-Fried came just one month after FTX's collapse, which former prosecutors say is very fast for a complex white collar case. WILLIAMS HAS STRUGGLED WITH SELF-DOUBTBankman-Fried's trial comes after some setbacks and amid ongoing challenges for Williams' office.

Persons: Damian Williams, Mike Segar, Sam Bankman, Williams, Charlie Javice, Bill Hwang, Joe Lewis, Javice, Hwang, Lewis, Kan Nawaday, He's, Venable, Prosecutors, Alex Mashinsky, WILLIAMS, SDNY's, John Paul Stevens, General Merrick Garland, Garland, Joe Biden, Bob Menendez, Menendez, Fried, Joshua Naftalis, Pallas, Brian Benjamin, haters, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: Attorney, Southern, of, REUTERS, U.S, Yale Law School, Archegos Capital Management, Supreme, Allianz's U.S, Allianz, Bankman, New, Columbia Law School, Thomson Locations: Manhattan, New York City , New York, U.S, of New York, English, Jersey, Bahamas, Caribbean, New York, Bronx, Georgia

Former U.S. President and Republican presidential candidate Donald Trump reacts as he holds a campaign rally in Erie, Pennsylvania, U.S., July 29, 2023. REUTERS/Lindsay DeDario/File Photo Acquire Licensing RightsSept 28 (Reuters) - Donald Trump will not seek to move a criminal case alleging he conspired to reverse his 2020 presidential election loss in Georgia from state to federal court, his lawyers said on Thursday, a development that could simplify the former U.S. president's path to trial. Trump has denied wrongdoing and said the case is part of a political witch hunt. Trump, Meadows and 17 others were charged in a sprawling indictment in August. Trump has said the criminal case and three others he faces are part of a political plot aimed at preventing him from retaking the White House in next year's election.

Persons: Donald Trump, Lindsay DeDario, Trump, Joe Biden, Mark Meadows, Meadows, Jack Queen, Kanishka Singh, Eric Beech, David Gregorio Our Organizations: U.S, Republican, REUTERS, Democrat, Democratic, Prosecutors, Trump, White, New, Thomson Locations: Erie , Pennsylvania, U.S, Georgia, Fulton County , Georgia, Meadows, Florida, Washington, New York

The New Jersey Democrat will make his first appearance in a federal court in Manhattan amid growing calls from colleagues that he resign from Congress. It's the second corruption case in a decade against Menendez, whose last trial involving different allegations ended with jurors failing to reach a verdict in 2017. An attorney for Nadine Menendez has said she also denies the allegations and will fight the charges. Prosecutors say Hana promised to put Menendez's wife on his company's payroll in a low-or-no-show job in exchange for Menendez using his influential post to facilitate foreign military sales and financing to Egypt. In one case, he pushed to install a federal prosecutor in New Jersey whom Menendez believed he could influence to derail a criminal case against Daibes, prosecutors allege.

Persons: Sen, Bob Menendez, Menendez —, —, It's, Menendez, New Jersey Democratic Sen, Cory Booker, Nadine, Nadine Menendez, — Jose Uribe, Fred Daibes —, Wael Hana, Hana, Menendez's, Prosecutors, Daibes, ___ Richer Organizations: — U.S, The New, The New Jersey Democrat, Foreign, Senate, New Jersey Democratic, Tuesday, Democrats, New, Authorities, Prosecutors, U.S Locations: New Jersey, The, The New Jersey, Manhattan, Jersey, New York’s, Egypt, Boston

☆ Sen. Bob Menendez pleads not guilty to pocketing bribes in a wide-ranging corruption case
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: +5 min

U.S. Sen. Bob Menendez of New Jersey pleaded not guilty on Wednesday to federal charges accusing him of pocketing bribes of cash and gold bars in exchange for wielding his political influence to secretly advance Egyptian interests and do favors for local businessmen. Menendez spoke in court only when each defendant stood to acknowledge that they understood the charges against them. A lawyer entered the not guilty plea for Menendez, who was forced to step down as chairman of the powerful Senate Foreign Relations Committee after being indicted. They say Menendez also tried to interfere in criminal investigations involving associates, in one case pushing to install in New Jersey a federal prosecutor who he believed he could influence to derail a case. Two of the businessmen, Jose Uribe and Fred Daibes, also were arraigned and pleaded not guilty.

Persons: Bob Menendez, Nadine Arslanian, Sen, Menendez, Illinois Sen, Dick Durbin, Jersey Sen, Cory Booker, Nadine, Nadine Menendez, Jose Uribe, Fred Daibes, Wael Hana, Hana, Prosecutors, Menendez's Organizations: Democrat, Court, Southern District of, U.S, Bob Menendez of New, Foreign, Senate, Illinois, Democrats, Authorities, Prosecutors, Kennedy Airport Locations: New Jersey, Southern District, Southern District of New York, New York City, Bob Menendez of, Bob Menendez of New Jersey, Manhattan, Jersey, Englewood, , New Jersey, Egypt

Senator Robert Menendez, Democrat of New Jersey,delivers remarks, after he and his wife Nadine Menendez were indicted on bribery offenses in connection with an alleged corrupt relationship with three New Jersey businessmen, in Union City, New Jersey, U.S., September 25, 2023. Senator Bob Menendez is set to appear in court on Wednesday to face charges of taking bribes from three New Jersey businessman, as calls for his resignation from his fellow Democrats escalated. Menendez, his wife Nadine Menendez, 56, and businessmen Jose Uribe, 56, and Fred Daibes, 66, are set to appear in Manhattan federal court around 10:30 a.m. EDT (1430 GMT). David Schertler, a lawyer for Nadine Menendez, said she intends to plead not guilty and "vigorously defend" against the allegations. Lawyers for Bob Menendez, Uribe and Daibes did not immediately respond to requests for comment.

Persons: Robert Menendez, Nadine Menendez, Mike Segar, Bob Menendez, Menendez, Jose Uribe, Fred Daibes, Wael Hana, David Schertler, Uribe, Daibes, Cory Booker, Phil Murphy, Hana, Luc Cohen, Andrew Goudsward, Scott Malone, Timothy Gardner 私 Organizations: Democrat, REUTERS, Senate Foreign Relations, Senate, U.S, Democratic Senators, Democratic New, Prosecutors Locations: New Jersey, Jersey, Union City , New Jersey, U.S, Manhattan, Democratic New Jersey, Washington

NASHVILLE, Tenn. (AP) — A former Tennessee state senator can stay out of prison as he challenges his 21-month sentence for violating federal campaign finance laws, a federal judge ruled. Brian Kelsey, a Republican, was supposed to report to federal prison in October, but U.S. District Judge Waverly Crenshaw agreed Tuesday to let him remain free while his legal team appeals the prison term to the 6th U.S. His attorney, Alex Little, has argued that federal prosecutors violated Kelsey's plea agreement when they pushed for a harsher sentence after he attempted to withdraw his guilty plea. Before that, Kelsey had pleaded not guilty, often saying he was being targeted by Democrats. But he changed his mind shortly after his co-defendant, Nashville social club owner Joshua Smith, pleaded guilty to one count under a deal that required him to “cooperate fully and truthfully” with federal authorities.

Persons: —, Brian Kelsey, District Judge Waverly Crenshaw, Kelsey, Alex Little, Crenshaw, Joshua Smith, Smith Organizations: Republican, District Judge, U.S, Circuit, Prosecutors Locations: Tenn, Tennessee, U.S, Nashville

"I believe stepping down is best for those Senator Menendez has spent his life serving," Booker said in a statement. I urge Senator Menendez to resign," said Senator Gary Peters, the head of Senate Democrats' campaign arm, in a statement. Many Democratic elected officials in Menendez's state of New Jersey, including Governor Phil Murphy, have also called for Menendez to resign. Menendez's Senate seat will be among those decided in next year's election. The probe marks the third time Menendez has been under investigation by federal prosecutors.

Persons: Robert Menendez, Nadine Menendez, Mike Segar, Cory Booker, Bob Menendez, Booker, Menendez, Chuck Schumer, Gary Peters, Phil Murphy, Andy Kim, Murphy, Wael Hana, Makini Brice, Jeff Mason, Eric Beech, Luc Cohen, Josie Kao, Christopher Cushing Organizations: REUTERS, Rights, U.S, Democratic, Senate, Republicans, U.S . Senate, Democrats, Democratic U.S, Republican, Senate Foreign Relations, New, Thomson Locations: Jersey, Union City , New Jersey, U.S, Northeastern, New Jersey, Menendez's, Egypt, Manhattan, New York

☆ Trump opposes US request to limit his comments on election case
▼ + stars: | 2023-09-26 | by ( Andrew Goudsward | ) www.reuters.com time to read: +2 min

Former U.S. President and Republican presidential candidate Donald Trump speaks during a 2024 presidential election campaign event at Sportsman Boats in Summerville, South Carolina, U.S. September 25, 2023. REUTERS/Sam Wolfe Acquire Licensing RightsWASHINGTON, Sept 25 (Reuters) - Donald Trump pushed back at U.S. prosecutors' request to curb some of his public statements about people involved in the federal court case accusing him of attempting to subvert the results of the 2020 presidential election. Trump had already publicly attacked Smith’s request, arguing it was an attempt to limit his criticism of the President Joe Biden, his likely opponent in the 2024 election. Prosecutors said Trump has a history of inspiring his supporters to harass and threaten people he singles out for public criticism. Trump continues to make the false claim that his loss was the result of fraud.

Persons: Donald Trump, Sam Wolfe, Jack Smith, Trump, Joe Biden, Tanya Chutkan, Andrew Goudsward, Scott Malone, Kim Coghill Organizations: U.S, Republican, Sportsman, REUTERS, Rights, Biden Administration, Prosecutors, Trump, Capitol, Thomson Locations: Summerville , South Carolina, U.S, Washington ,

Search resuls for: ". Prosecutors"

25 mentions found