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☆ Lowe's shares jump despite weakening sales. What the pros say to do next
▼ + stars: | 2023-08-22 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions on Lowe's from investors and analysts. The experts, including Jim Cramer , discussed the home improvement retailer following the release of its second-quarter earnings results . Revenue fell slightly short of analyst expectations while earnings beat estimates. CEO Marvin Ellison said thriftier consumers led to weaker discretionary sales, but he feels good about the company's long-term outlook due to low, aging inventory in the housing market. Shares of the stock finished 3.8% higher Tuesday.

Persons: Jim Cramer, Marvin Ellison, Lowe's Organizations: Revenue

☆ Jim Cramer goes one-on-one with Lowe's CEO Marvin Ellison
▼ + stars: | 2023-08-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer goes one-on-one with Lowe's CEO Marvin Ellison'Mad Money' host Jim Cramer goes one-on-one with Lowe's Chairman, President and CEO Marvin Ellison to talk quarterly earnings results.

Persons: Jim Cramer, Marvin Ellison Organizations: Lowe's

Work on an insurance mechanism follows Russia’s withdrawal from the Black Sea Grain Initiative last month, which threatens the safe passage of ships carrying grain to and from Ukrainian ports. To keep grain shipments moving, Ukraine’s government will share potential losses with insurers, which should make cover for travel through risky Ukrainian waters more affordable for commercial shipping companies. Russia’s withdrawal from the grain deal has had a chilling effect on merchant shipping around Ukraine’s three Black Sea ports as the Kremlin warned that ships leaving these ports might come under attack. And earlier this month a Russian warship fired warning shots and boarded a cargo ship in the Black Sea it claims was headed to Ukraine. Last week, the Hong Kong-flagged Joseph Schulte container ship became the first vessel to depart from any of Ukraine’s Black Sea ports since the grain deal broke down on July 17.

Persons: —, ” Oleksandr Hryban, Marsh McLennan, Marsh, Oliver Wyman —, Hryban, Marcus Baker, ” Baker, Crispin Ellison, Oliver Wyman, ” Marsh McLennan, Joseph Schulte, Volodymyr Zelensky, ” Organizations: Kyiv CNN —, United Nations, “, CNN, Initiative, Kremlin, ” Locations: Kyiv, Kyiv CNN — Ukraine, Ukrainian, Turkey, London, Marsh, Russia, Ukraine, Russian, Hong Kong, Odesa, ” Ukraine

Soccer Football - FIFA Women's World Cup Australia and New Zealand 2023 - Final - Fans in London watch Spain v England - BOXPARK Wembley, London, Britain - August 20, 2023 England fans react after England lose the world cup final Action Images via Reuters/Andrew Couldridge Acquire Licensing RightsLONDON, Aug 20 (Reuters) - England soccer fans went home in bitter disappointment on Sunday after losing the Women's World Cup final 1-0 to Spain, but in defeat many of them also found inspiration and hope for future generations in the sport. "They might have not won, and it's so sad, but they've done so much for women's football, and that's what matters," said Jennifer Maidment, a 25-year-old student who watched the game in London. The scale of the national excitement reflected the growing public profile of women's soccer in England, where the team's run to the final built on their victory at the European Championship last year. "We never had any role models as girls when we were younger, so to have role models now is amazing. For older generations, the progress since the first England women's international match in 1972 was clear.

Persons: Andrew Couldridge, Jennifer Maidment, Kaitlin Howard, Pat Davies, Ben Makori, Hannah Ellison, William James Our Organizations: Soccer Football, FIFA, England, Wembley, of England, European, Woking Football Club, Thomson Locations: New Zealand, London, Spain, Britain, England, Sydney

kevin rooseAnd you’re listening to “Hard Fork.”casey newtonThis week on the show, Sam Bankman-Fried goes to jail. If you give me, like, 1 percent of the internet, that’s going to give me an aneurysm. And those three are actually going to get to live that out. So I actually think the classroom of the future looks remarkably like the classroom today, but you reverse what you’re doing in it. And I think that’s another piece, is we have to not be delusional about what has actually happened in education.

Persons: casey newton, Joe Rogan, kevin roose You’re, casey newton They’ve, kevin roose They’ve, who’s, kevin roose, Kevin Roose, ” casey newton, Casey Newton, Sam Bankman, Fried, what’s, Wharton, Ethan Malek, kevin roose Casey, I’ve, casey newton Guy’s, David Jaffe Bellini, David, ” david jaffe bellini, casey newton Hi, ’, he’s, david jaffe bellini, david jaffe bellini That’s, they’re, Sam’s, there’s, that’s, Casey, — casey newton, david jaffe bellini I’m, he’d, Caroline Ellison, Caroline Ellison’s, Caroline, She’s, we’ve, they’ve, Sam, He’s, I’m, haven’t, It’s, You’ve, There’s, you’re, Ryan Salem, hasn’t, Gary, Nishad, They’ve, SBF, casey newton Look, Harlem Globetrotters ’, it’s, Kevin, casey newton Oh, kevin roose David Jaffe Bellini, we’re, kevin roose It’s, “, casey newton Sure, Ethan Mollick Ethan, kevin roose Ethan Mollick, ” ethan mollick, ethan mollick, That’s, casey newton Tell, ChatGPT, ethan mollick —, you’ve, Steve Jobs, don’t, You’ll, ethan mollick Oh, casey newton Well, We’ve, kevin roose I’m, Ethan, casey newton It’s, they’d, you’ll, They’re, Ethan Mollick, casey newton —, should’ve, let’s, Cruise, casey newton That’s, — david jaffe bellini, kevin roose —, ”, Alex, casey newton Hey, casey newton Yes, Kyle Vogt, Franciscans, I’ll, kevin roose Totally, casey newton Yep, Uber, casey newton Right, Dirk, Kevin kevin roose, shouldn’t, — casey newton Yes, casey newton Don’t, Rachel Cohn, Davis, We’re, Jen Poyant, Caitlin Love, Sophia Lanman, Dan Powell, Marion Lozano, Rowan Niemisto, Paula Shoeman, Tam, David McCraw, Nell Gallogly, Kate LoPresti, Jeffrey Miranda Organizations: Spotify, The New York Times, FTX, Conference, NFL, Google, “ New York Times, MDC, Republican, Alameda, Twitter, Harlem Globetrotters, Washington Generals, Wharton School, University of Pennsylvania, Fork University, Caud Academy, they’re, TA, . University, University, Hard Fork, Wharton, DMs, San, San Francisco, Cruise, Department of Motor Vehicles, University of Michigan Transportation Research Institute, Virginia Tech Transportation, YouTube Locations: New York, California, Bahamas, Alameda, FTX, autodelete, Caroline, Wharton, GPT, Kenya, America, San Francisco, Charlotte , North Carolina, Texas, North Beach, Cruise, Franciscans, robotaxis, AVs, Rhode Island, Zurich, Paris, Madrid, Swiss, Switzerland

☆ How Mexican narcos use remittances to wire U.S. drug profits home
▼ + stars: | 2023-08-18 | by ( Reuters Graphic | ) www.reuters.com time to read: +28 min

Now the news agency is the first to detail how Mexican drug gangs have harnessed legitimate remittance networks to repatriate their U.S. drug profits, and the factors that make this activity so difficult for authorities to detect and thwart. But authorities say Mexican drug cartels are piggybacking on this legal network to repatriate earnings from U.S. narcotics sales. A Reuters search of Mexican court records dating back to 2012 turned up no cases involving money laundering through remittances. Still, prosecutors in those cases mentioned several of those firms in court documents because they said the defendants had used their platforms to wire drug money. His office did not respond to requests for comment about law enforcement allegations that Mexican cartels are using remittances to launder drug money.

Persons: Money, ”, “, Andrés Manuel López Obrador, ” Jorge Godínez, ” Godínez, John Cornyn of, Chuck Grassley, ” Grassley, pocketing, John Horn, remitters ”, Horn, – Oscar Gustavo Perez, Bernal, Itzayana Guadalupe Perez, Susan Fiorella Ayala, Chavez –, Los, –, Jose Luis Rosales, Ocampo, Josue Gama, Perez, Thania Rosales, Dulce Rosales, – Ana Lilia Leal, Martinez, Ana Paola Banda, Maria de Lourdes Carbajal, Henri Watson, Carbajal, Sigue, Sangita Bricker, Transfast –, ” Sigue, Transfast, fanny, Juan de Dios Gámez, Rubén Rocha, BanCoppel, Banorte, hadn’t, El, López Obrador, ” López Obrador, Signos, Signos Vitales, Oquitoa, Enrique Cardenas, Tim Walz, Keith Ellison Organizations: Sinaloa Cartel, Reuters, Jalisco New, Mexican, WorldRemit, ., National Intelligence, narcos, U.S, Republican U.S, Treasury, U.S . Department of, U.S ., Financial Intelligence Unit, “, Federal Bureau of Prisons, Los Rosales, Kansas City, ”, Leal, IDT Corporation, IDT, Mastercard, Express Cellular, Prosecutors, IRS, Western Union, U.S . Department of Justice, Federal Trade Commission, ‘, Banco Azteca, Elektra, World Bank, Minnesota, Caborca Locations: CULIACÁN, Mexico, Mexican, Culiacán, Sinaloa, United States, Jalisco, U.S, Colorado, Union, Americas, London, John Cornyn of Texas, Iowa, Ohio, Colorado , Georgia , Ohio , Oklahoma , Texas, Virginia, Washington, Georgia, Atlanta, Columbus, Rosales, Nayarit, Michoacan, Missouri, Texas, Florida, New Jersey, Miami, , New Jersey, Ria, Kansas, California, New York, Western, Sinaloan, Costa Rica, BanCoppel, India, China, Mexico City, Minnesota, Arizona , Colorado , Florida , Illinois, New Mexico, Nevada, Oquitoa, Sonora

☆ Job listings that don't require applicants to have a college degree are surging, with recruiters prioritizing skills over formal education, LinkedIn survey finds
▼ + stars: | 2023-08-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Job adverts that don't list a degree requirement have increased by 90% in the UK, LinkedIn says. Major firms including IBM, Google, and Tesla are hiring more based on skills over qualifications. Companies including IBM, Accenture, Dell, Bank of America, Google, and Tesla are among those that are increasingly hiring based on skills. The fastest-growing in-demand skills in job listings since November 2022 include communications, flexibility, professional ethics, social perceptiveness, and self-management, per LinkedIn. Billionaire Elon Musk, who head five companies including Tesla, is among the most prominent business people to be skeptical of the usefulness of college degrees.

Persons: Tesla, Josh Graff, Billionaire Elon Musk, Musk, Bill Gates, Larry Ellison, They've Organizations: LinkedIn, IBM, Google, Service, Companies, Accenture, Dell, Bank of America, LinkedIn's, Kellogg's, Billionaire, KPMG, PWC, Deloitte Locations: Wall, Silicon, LinkedIn's Europe, Middle East, Africa, America

☆ In a recording of an all-hands meeting, Sam Bankman-Fried's ex Caroline Ellison blamed him for FTX's collapse
▼ + stars: | 2023-08-16 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

An employee recorded Caroline Ellison blaming him for using customer funds, per a new filing. Federal prosecutors said that Caroline Ellison, a top affiliate and ex of FTX founder Sam Bankman-Fried, blamed the embattled cryptocurrency mogul for using FTX customer deposits in a recording from a company meeting. Ellison told Alameda employees about the impending bankruptcy in the recording, prosecutors claimed. Federal prosecutors said that one employee pushed back, asking who decided to use FTX customer deposits. The memo tracks bad press around Alameda and FTX, but also shows Ellison's reflections on the alleged scheme between FTX and Alameda, prosecutors said.

Persons: Prosecutors, Sam Bankman, Caroline Ellison, Fried, Ellison, Bankman, Sam, FTX Organizations: Alameda Research, Prosecutors, Alameda Locations: New York, Alameda, FTX, Bankman

For a long time, as those three companies moved first and established large initial market shares in the cloud, Oracle looked like it was being left behind. But the turning point was when Oracle launched its second-generation cloud infrastructure offering, called Oracle Cloud Infrastructure Generation 2, or OCI Gen 2, in the summer of 2020. In the second quarter of fiscal 2023 (the three months ended November 2022), Total Cloud revenue grew 43%, with 40% growth for Cloud Applications and 53% growth for Cloud Infrastructure. In the third quarter of fiscal 2023 (the three months ended February 2023), Total Cloud revenue accelerated back to 45%, with 42% growth for Cloud Applications and 55% growth for Cloud Infrastructure. Total Cloud revenue growth surged to 54% again, with 45% growth for Cloud Applications and 76% growth for Cloud Infrastructure.

Persons: Jim Cramer's, Jim, it's, Larry Ellison, Oracle, Microsoft —, we're, Jim Cramer, Justin Sullivan Organizations: Oracle, ORCL, Nasdaq, Amazon Web Services, Google, Oracle Cloud Infrastructure, AWS, Nvidia, Cloud Infrastructure, Management, Microsoft, Charitable Trust, Club, APPLE, CNBC Locations: China, Redwood Shores , California

☆ Prosecutors Detail Evidence Against Sam Bankman-Fried
▼ + stars: | 2023-08-14 | by ( David Yaffe-Bellany | More About David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Prosecutors in the criminal case against Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, on Monday provided the most detailed account to date of the evidence they plan to use to convict him at trial in October. In a 70-page court filing, the prosecutors said they would draw on testimony from some of Mr. Bankman-Fried’s closest advisers, as well as an expert witness and other employees of FTX and Alameda Research, a crypto hedge fund he also founded. The prosecutors also said they planned to use notes that Caroline Ellison, one of Mr. Bankman-Fried’s top lieutenants, took after conversations with him, including a memo titled “Things Sam Is Freaking Out About.” And they said they would introduce a recording of a meeting in which Ms. Ellison told Alameda employees that she had worked with Mr. Bankman-Fried to siphon funds from FTX customers’ accounts. Mr. Bankman-Fried, a onetime crypto mogul who built FTX into one of the world’s largest virtual currency exchanges, was arrested in December and charged with orchestrating a sweeping scheme to use customer deposits to finance real estate purchases, charitable giving and donations to politicians. Ms. Ellison and two other top FTX executives, Gary Wang and Nishad Singh, have pleaded guilty to participating in the effort and agreed to cooperate with prosecutors.

Persons: Sam Bankman, Bankman, Caroline Ellison, Sam, Ellison, Gary Wang, Nishad Singh Organizations: Alameda Research, Alameda, Mr Locations: FTX

☆ CNBC Daily Open: There’s a new narrative in markets
▼ + stars: | 2023-08-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Losing week for stocksU.S. stocks were mixed Friday, with the Dow Jones Industrial Average the only major index to eke out a gain. On a year-over-year basis, the producer price index was up 0.8%. The PPI tends to reflect price changes before they filter into the consumer price index, so this could dampen the enthusiasm over July's cooler-than-expected CPI.

Persons: Europe's, That's, SBF FTX, Sam Bankman, Fried, Coraline Ellison, Leswing, Kate Spade, They'll Organizations: CNBC, Dow Jones, SBF, New York Times, Nvidia, TJX Locations: U.S

☆ Sam Bankman-Fried is in an 'inhumane' Brooklyn jail often criticized for its condition, and where Ghislaine Maxwell previously complained of rodents
▼ + stars: | 2023-08-14 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried was remanded to the Metropolitan Detention Center, Brooklyn, on Friday. Ghislaine Maxwell complained of cockroaches and rodents when she was being held there. Sam Bankman-Fried is currently in a Brooklyn jail notorious for its poor conditions. Bankman-Fried is now being held in the Metropolitan Detention Center, Brooklyn, records from the Federal Bureau of Prisons show. MDC Brooklyn most recently made headlines as the facility where Ghislaine Maxwell and R. Kelly were held.

Persons: Sam Bankman, Fried, Ghislaine Maxwell, Lewis Kaplan, Caroline Ellison's, Kelly, banged, Judge Kaplan Organizations: Metropolitan Detention Center, Reuters, New York Times, Federal Bureau of Prisons, MDC Brooklyn, Intercept, MDC, of Prisons Locations: Brooklyn, Maxwell's

☆ Sam Bankman-Fried's lawyer demands he gets Adderall for ADHD while in jail
▼ + stars: | 2023-08-14 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

FTX Founder Sam Bankman-Fried leaves from Manhattan Federal Court after court appearance in New York, on June 15, 2023. Sam Bankman-Fried's legal team is asking a U.S. district court judge to grant the former FTX CEO "uninterrupted access" to his daily prescribed medication while he is in jail. "And for the past three years, Mr. Bankman-Fried has been prescribed Adderall 10mg tablets, 3-4x/day for the treatment of ADHD." On Friday, Judge Kaplan sided with a request by federal prosecutors to revoke Bankman-Fried's bail over alleged witness tampering. For nearly a year, there's been a nationwide shortage of Adderall, the popular stimulant used to treat ADHD.

Persons: Sam Bankman, Fried, Mark Cohen, Judge Lewis Kaplan, Judge Kaplan, George Lerner, Lerner, Cohen, Bankman, Lerner's, there's, Caroline Ellison, Ellison, — CNBC's Dan Mangan Organizations: Manhattan Federal, U.S, Bankman, Brooklyn's Metropolitan Detention Center, Prisons, Court, U.S . Food, Drug Administration, New York Times, Alameda Research, MDC Locations: Manhattan, New York, Brooklyn's, Bankman, Bahamas, U.S, Putnam , New York

CNN —Federal prosecutors in Manhattan filed another indictment against FTX co-founder Sam Bankman-Fried Monday, dropping another count against him. Prosecutors had previously indicated their plans to drop the one count of conspiracy to make unlawful campaign contributions against Bankman-Fried last month in a letter to the court. Prosecutors maintain that Bankman-Fried conducted an illegal campaign finance scheme in connection to the charges that are moving forward to trial. “The defendant’s use of customer deposits to conduct a political influence campaign was part of the wire fraud scheme charged in the original indictment. Bankman-Fried’s attorneys said they reserve the right to challenge evidence prosecutors may seek to use.

Persons: FTX, Sam Bankman, Prosecutors, Fried, docketed, Sam, arraign, ledgers, Caroline Ellison, “, Ellison, Ryan Salame, Salame, ”, Bankman Organizations: CNN, Federal, Bankman, United, Government, Prosecutors, Alameda Research, ” Prosecutors, Alameda Locations: Manhattan, Bahamas, United States, New York, Alameda, FTX

He had a blank expression as he was led out of the courtroom in handcuffs by members of the U.S. A July 20 article in the New York Times contained excerpts from Ellison's personal Google documents prior to FTX's collapse. She described being "unhappy and overwhelmed" with her job and feeling "hurt/rejected" from her personal break-up with Bankman-Fried. Sassoon said the defendant would be able to access an internet-enabled laptop there to review evidence to prepare for trial. Reporting by Luc Cohen in New York; Editing by Jonathan Oatis, Noeleen Walder and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, District Judge Lewis Kaplan's, Caroline Ellison, Kaplan, Ellison, Barbara Fried, nodded, Joseph Bankman, Fried, Jane Rosenberg Bankman, Palo, Mark Cohen, Bankman, Cohen, Danielle Sassoon, Sassoon, Luc Cohen, Jonathan Oatis, Noeleen, Rosalba O'Brien Organizations: U.S, District, New York Times, Alameda Research, U.S . Marshals, Stanford University, REUTERS, Prosecutors, Times, Brooklyn's Metropolitan Detention, Correctional, Thomson Locations: U.S, Manhattan, Alameda, United States, New York, Palo Alto , California, New York City, Brooklyn's, Putnam

U.S. District Judge Lewis Kaplan announced the decision at a hearing in federal court in Manhattan, less than two months before the scheduled October fraud trial. He rejected a defense request to delay Bankman-Fried's detention pending appeal of the bail revocation. Bankman-Fried has been largely confined to his parents' Palo Alto, California, home on $250 million bond since his December 2022 arrest. Kaplan said he was concerned that Bankman-Fried showed the writings to the reporter during an in-person meeting at his parents' home. Bankman-Fried sat with his shoulders hunched, leaning forward on the table and fidgeting with a Post-It note as he heard the judge order him detained.

Persons: Sam Bankman, Eduardo Munoz, District Judge Lewis Kaplan, Fried, Barbara Fried, nodded, Joseph Bankman, Palo, Caroline Ellison's, Ellison, Kaplan, Donald Trump, Britain's Prince Andrew . Bankman, Mark Cohen, Cohen, Danielle Sassoon, Sassoon, Luc Cohen, Jonathan Oatis Organizations: REUTERS, Eduardo Munoz NEW YORK, U.S, District, Alameda Research, U.S . Marshals, Stanford University, Alameda, New York Times, Attorney's, Times, Brooklyn's Metropolitan Detention, Correctional, Thomson Locations: New York, U.S, Manhattan, Alameda, Palo Alto , California, New York City, Brooklyn's, Putnam

New York CNN —Sam Bankman-Fried, the alleged crypto grifter, is about to learn which of two profoundly divergent paths he’ll take on the road to trial. One path allows him to continue his house arrest in the comfort of his parents’ California home. If his bail is revoked, Bankman-Fried will be immediately remanded to a notorious federal detention center in Brooklyn. Bankman-Fried, who has pleaded not guilty to multiple conspiracy and fraud charges, is set to go to trial in October. But the company came unglued in the span of a week last November — as concerns about its financial ties to Bankman-Fried’s crypto hedge fund, Alameda Research, spurred investors and customers to yank their funds.

Persons: Sam Bankman, ’, Judge Lewis Kaplan, “, ”, Fried, Caroline Ellison, FTX Organizations: New, New York CNN, Bankman, Metropolitan Detention Center, New York Times, of Prisons, Prosecutors, Super Bowl, Alameda Research Locations: New York, ’ California, Brooklyn, Bahamas

Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, was ordered to jail on Friday after a federal judge in New York revoked his bail, in a dramatic twist less than two months before the case was set to go to trial. Mr. Bankman-Fried, 31, had been under house arrest at his parents’ home in Palo Alto, Calif., since he was arrested in December on fraud charges stemming from FTX’s implosion. The decision was the latest extraordinary development in one of the most dramatic corporate implosions in recent memory. Over just a few weeks, Mr. Bankman-Fried went from an industry titan courted by politicians and celebrities to a criminal defendant facing decades in prison. Ms. Ellison has pleaded guilty to fraud charges and agreed to cooperate with the prosecutors investigating Mr. Bankman-Fried.

Persons: Sam Bankman, ’, Judge Lewis A, Kaplan, Fried, FTX, Caroline Ellison, Bankman, Ellison Organizations: Federal, Court, New York Times Locations: New York, Palo Alto, Calif, Manhattan

Sam Bankman-Fried will head to jail on Friday after a judge sided with a request by federal prosecutors to revoke the FTX founder's bail over alleged witness tampering. Judge Lewis Kaplan denied Bankman-Fried's request for delayed detention pending an appeal. "My conclusion is there is probable cause to believe the defendant tried to tamper with witnesses at least twice," said Judge Kaplan during his ruling. Judge Kaplan previously issued a direct and stern warning to Bankman-Fried in July over his conversations with the media. It is an argument that proved sufficient to convince Judge Kaplan to send Bankman-Fried to jail ahead of his trial.

Persons: Sam Bankman, Fried, Judge Lewis Kaplan, Bankman, Kaplan, Kaplan's, Palo, billionaire's, Judge Kaplan, Caroline Ellison, Ellison Organizations: Brooklyn's Metropolitan Detention Center, The New York Times, Freedom, Press, New York Times, Bankman, Alameda Research, Times Locations: New York, Putnam , New York, Brooklyn's, Bankman, Palo Alto , California, Bahamas

A New York judge will decide on Friday, during a hearing that starts at 2 p.m. ET, whether to send Sam Bankman-Fried to jail. Federal prosecutors have asked U.S. District Judge Lewis A. Kaplan to revoke the FTX founder's bail over alleged witness tampering. Kaplan previously issued a direct and stern warning to Bankman-Fried in July over his conversations with the media. The government told the judge in a letter that next week it plans to file a new superseding indictment.

Persons: Sam Bankman, District Judge Lewis A, Kaplan, Fried, Palo, billionaire's, Caroline Ellison, Ellison Organizations: U.S, District, The New York Times, Freedom, Press, Bankman, Alameda Research, Prosecutors, Bahamas Locations: York, Manhattan, Bankman, Palo Alto , California

The sentence will run concurrently with the 3-1/2 years Thao previously received on a federal conviction of violating Floyd's civil rights, Fox 9 in Minneapolis reported. Cahill in May found Thao guilty of one count of aiding and abetting manslaughter in the second degree for his role in Floyd's death. Thao, a nine-year veteran of the police force, was the fourth and final officer sentenced in the killing. Lane was sentenced to 2-1/2 years and Kueng to three years in federal prison, to run concurrently with the state sentence. Last year, he received a concurrent sentence of 21 years in prison on federal charges of violating Floyd's civil rights.

Persons: Tou Thao, George Floyd, Peter Cahill, Keith Ellison, Thao, Cahill, Derek Chauvin, Floyd, Thomas Lane, J, Alexander Kueng, Chauvin, Lane, Kueng, Brendan O'Brien, Will Dunham Organizations: Former Minnesota, Hennepin County Sheriff's, REUTERS, Former Minneapolis, Minnesota, Fox, Thomson Locations: Hennepin County Jail, Minneapolis , Minnesota, U.S, Hennepin County, Minneapolis, United States, Kueng, Chicago

Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. Bankman-Fried has pleaded not guilty to stealing billions of dollars in FTX customer funds to plug losses at Alameda. He said he submitted Tuesday's filing independently, as a constitutional law expert. Tribe published the major treatise "American Constitutional Law" in 1978 and was lead counsel in 37 Supreme Court cases. The case is U.S. v. Bankman-Fried, U.S. District Court, Southern District of New York, No.

Persons: Sam Bankman, Fried, Amr, FTX, Laurence Tribe, District Judge Lewis Kaplan, Caroline Ellison, Ellison, Tribe, Bankman, Kaplan, Joseph Bankman, Kaplan Hecker, Fink, Robert Bork's, Jonathan Stempel, Luc Cohen, Daniel Wallis Organizations: United, REUTERS, Harvard Law School, New York Times, District, Bankman, FTX, Alameda Research, Alameda, Prosecutors, Supreme, Court, Southern District of, Thomson Locations: New York City, U.S, Manhattan, Alameda, Southern District, Southern District of New York, New York

☆ FTX's Bankman-Fried, seeking to avoid jail, denies witness tampering
▼ + stars: | 2023-08-02 | 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: +2 min

Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr AlfikyNEW YORK, Aug 1 (Reuters) - Sam Bankman-Fried, the indicted founder of the bankrupt FTX cryptocurrency exchange, on Tuesday said he never sought to intimidate witnesses at his scheduled October fraud trial, and there is no reason to jail him. "Mr. Bankman-Fried's contact with the New York Times reporter was not an attempt to intimidate Ms. Ellison or taint the jury pool," his lawyer, Mark Cohen, wrote in the letter. Kaplan barred Bankman-Fried from speaking about the case and asked both sides to submit written arguments about possible jail. Prosecutors may respond to Bankman-Fried's letter by Thursday.

Persons: Sam Bankman, Fried, Amr, District Judge Lewis Kaplan, Caroline Ellison, Bankman, Ms, Ellison, Mark Cohen, Palo, Kaplan, Laurence Tribe, Luc Cohen, Christopher Cushing Organizations: United, REUTERS, District, New York Times, Alameda Research, U.S, Harvard University, Metropolitan Detention, Thomson Locations: New York City, U.S, Manhattan, Palo Alto , California, Brooklyn, New York

☆ Prosecutors ask federal judge to jail Sam Bankman-Fried over witness tampering
▼ + stars: | 2023-07-28 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

FTX Founder Sam Bankman-Fried arrives at Manhattan Federal Court for a court appearance in New York, United States on June 15, 2023. Federal prosecutors asked a judge to revoke FTX founder Sam Bankman-Fried's bail in a Manhattan court filing Friday, claiming that the billionaire had violated the terms of the release and repeatedly tampered with witnesses. A federal prosecutor argued in court Wednesday that "no set of release conditions can ensure the safety of the community." Prosecutors and Bankman-Fried's team met in federal court Wednesday after Bankman-Fried leaked the private diaries of his former girlfriend, Caroline Ellison, to a New York Times reporter. Federal prosecutors alleged that Bankman-Fried's only intent in sharing Ellison's diary was to intimidate her.

Persons: Sam Bankman, Fried, District Judge Lewis A, Kaplan, Caroline Ellison, Ellison, FTX Organizations: Federal Court, District, Prosecutors, New York Times, Bankman Locations: New York, United States, Manhattan, U.S, Bahamas

☆ Caroline Ellison took a $22.5 million bonus from Alameda, FTX alleges
▼ + stars: | 2023-07-28 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

FTX's bankruptcy estate is going after the crypto exchange's top leaders to try to take back funds. Sam Bankman-Fried and others took "hundreds of millions of dollars," FTX alleged in a court filing. Caroline Ellison, once co-CEO of the trading firm Alameda, took a $22.5 million bonus, FTX said. For instance, Ellison improperly took $22.5 million in bonus payments from Alameda Research, the trading firm she helped lead as co-CEO, FTX alleged in a filing this month in Delaware bankruptcy court. Representatives for Ellison, Wang, and Singh did not immediately respond to emails seeking comment on Friday afternoon.

Persons: Sam Bankman, FTX, Caroline Ellison, Gary Wang, Ellison, Nishad Singh, Wang, Singh, Fried Organizations: Morning, Alameda Research, FTX Locations: Alameda, Delaware, FTX, Albany, Bahamas

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