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☆ Sam Bankman-Fried to testify in FTX fraud trial, attorney says
▼ + stars: | 2023-10-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

FTX founder Sam Bankman-Fried will take the stand to testify in his own defense, his attorney said in a conference call Wednesday. The decision by his legal team sets him up for a cross-examination by federal prosecutors, who will be able to press him on the collapse of his crypto exchange FTX. Bankman-Fried's decision to testify came after federal prosecutors and his defense team were able to secure the alleged fraudster an adequate supply of his ADHD medication. The defense will also call three other witnesses besides Bankman-Fried to the stand, defense attorney Mark Cohen said on the call. Bankman-Fried stands accused of fraud and money laundering of his role in the collapse of the multi-billion dollar crypto exchange FTX.

Persons: Sam Bankman, Mark Cohen, Nishad Singh, Caroline Ellison, Fried, Dawn Giel Organizations: Prosecutors, Federal Bureau of, Alameda Research

☆ Nidec shares slump over 9% after it retains annual profit outlook
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsTOKYO, Oct 24 (Reuters) - Nidec (6594.T) shares tumbled more than 9% on Tuesday after the electric motor maker kept its annual profit outlook unchanged the previous day despite reporting a rise in quarterly profit. Some analysts said the unchanged profit outlook of 220 billion yen ($1.47 billion) for the current year to March 2024 came short of market consensus, while also voicing concerns over declining margins in the Chinese automotive business. "We are still concerned about the outlook for the Chinese EV market and the shift to lower output motors, which is impacting profitability." After the market close on Monday, the Kyoto-based company announced a 7.6% rise in quarterly operating profit, helped by stronger sales and a weaker yen currency. The company's shares were trading down 9.2% by mid-morning, after being untraded with a glut of sell orders earlier in the day.

Persons: Kim Kyung, Mark Chadwick, Mariko Katsumura, Jacqueline Wong Organizations: REUTERS, Rights, EV, Thomson Locations: Tokyo, Japan, China, Kyoto

☆ What Alex Rodriguez taught his daughters about recovering from major mistakes: ‘You have to stand up, take the hit’
▼ + stars: | 2023-10-23 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When Alex Rodriguez's teen daughters make mistakes, he wants them to feel comfortable enough to come clean to their parents. The 48-year-old former Major League Baseball All-Star, who retired in 2016, has made his own share of high-profile mistakes. It felt particularly important for Rodriguez, whose father left his family when he was 10 years old. It can help relieve anxiety, teach that no one is perfect and model the good behavior of taking responsibility for your actions. It's unrealistic to expect your children to never make mistakes, Rodriguez adds: If his daughters never messed up, he'd worry "they're not pushing hard enough."

Persons: Alex Rodriguez's, Rodriguez, he'd, —, Rod Corp, Natasha, Mark Cuban, Warren Buffett Organizations: Major League Baseball, CNBC, Rod, National Basketball Association's Minnesota Timberwolves, University of Michigan, Global

☆ Couple had $18 in the bank when they started their company—now they have millions in revenue and a $400,000 'Shark Tank' deal
▼ + stars: | 2023-10-23 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When James and Johanna Windon launched Buena Papa two years ago, they had just $18 in their bank account. Now, they bring in millions of dollars in annual revenue across three North Carolina restaurant locations, they said on Friday's episode of ABC's "Shark Tank" — during which they landed a $400,000 investment offer from millionaire entrepreneur Robert Herjavec. Despite no prior restaurant experience, the pair "invested our life savings [of] $40,000," leaving just $18 behind, James said. Mark Cuban opted out, citing the difficulty of simultaneously operating restaurant locations and overseeing any number of franchisees. That left Robert Herjavec, who offered the Windons $400,000 for 20% of Buena Papa.

Persons: James, Johanna Windon, Robert Herjavec, Johanna, we're, bootstrapping, They'd, haven't, Mark Cuban, Kevin O'Leary, Barbara Corcoran, Lori Greiner, Corcoran, Herjavec Organizations: Buena Papa, Colombian, Buena, CNBC, Global Locations: Carolina, Buena Papa —, Mexican, Puerto Rican, Raleigh, Colombia, Miami, French, Buena Papa, Raleigh , North Carolina, United States

☆ Sam Bankman-Fried's lawyers avoid challenges to 'cartoon' villain image
▼ + stars: | 2023-10-23 | 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: +5 min

Defense lawyers will have a chance to put forward a competing narrative when they present their case, beginning as soon as Thursday. A STRATEGIC CHOICEAllowing specific unfavorable accounts by prosecution witnesses to go unchallenged on cross-examination could be a strategic choice by the defense, according to experts. During opening statements, Cohen told jurors of the prosecutors: "They'd have you think he was quite the villain, or, more precisely, almost a cartoon of a villain. "It was pretty humiliating," said Singh, who has pleaded guilty to fraud charges. Ellison, who has also pleaded guilty to fraud, said Bankman-Fried told her that his signature sloppy dress and wild mop of curly locks was an "important part of FTX's image."

Persons: Sam Bankman, Andrew Kelly, Fried, Bankman, doesn't, Jordan Estes, Kramer Levin, Mark Cohen, Cohen, Rachel Maimin, Lowenstein Sandler, Sam, gooder, Nishad Singh, Singh, Caroline Ellison, Alameda's, Ellison, Luc Cohen, Will Dunham, Amy Stevens Organizations: FTX, Manhattan, REUTERS, Alameda Research, Thomson Locations: New York City, U.S, Manhattan, Washington, Alameda, New York

☆ India ask NZ to bat first in a clash of unbeaten sides
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

Twice champions India left out an injured Hardik Pandya and fellow all-rounder Shardul Thakur bringing in batter Suryakumar Yadav and seamer Mohammed Shami. Rohit said India relished chasing on a track, where dew could make bowling difficult in the second innings. "In training yesterday we thought dew came in early," Rohit said. New Zealand, who are without regular skipper Kane Williamson, fielded the same team that beat Afghanistan in their previous match. "We would've bowled first as well due to the dew," stand-in skipper Tom Latham said.

Persons: Daryl Mitchell, Adnan Abidi, Rohit Sharma, Hardik Pandya, Shardul Thakur, Suryakumar Yadav, seamer Mohammed Shami, Rohit, India, Kane Williamson, Tom Latham, Shubman Gill, Virat Kohli, Shreyas Iyer, Ravindra Jadeja, Mohammed Shami, Kuldeep Yadav, Mohammed Siraj, Jasprit, Devon Conway, Will Young, Rachin Ravindra, Glenn Phillips, Mark Chapman, Mitchell Santner, Matt Henry, Lockie Ferguson, Trent Boult, Amlan Chakraborty, Sonali Paul Organizations: Cricket, ICC Cricket, Himachal Pradesh Cricket Association, New Zealand, India, KL Rahul, Thomson Locations: India, New Zealand, Himachal, Dharamsala, Afghanistan, Jasprit Bumrah, Zealand, New Delhi

☆ Billionaire Mark Cuban used this sales pitch for his first tech startup in 1989—here's why it worked
▼ + stars: | 2023-10-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When Mark Cuban launched his first tech startup, he couldn't have known he'd end up a billionaire today. He was confident, though, that his sales pitch for the company — a software startup called MicroSolutions — would work. In the proposal, Cuban wrote that his tool would be a great resource for attorneys looking to streamline their workflow — by having information "immediately published electronically to the organization," as opposed to using notebooks. Basically, it was our version of Slack long before Slack," Cuban wrote in a follow-up post. A year after sending his pitch to the law firm, Cuban sold MicroSolutions to now-defunct internet services company CompuServe for $6 million.

Persons: Mark Cuban, Cuban, Gilchrist, Slack Organizations: Twitter, GQ, Cuban, CompuServe, Yahoo, Forbes, CNBC, Global Locations: Dallas, Cuban

☆ 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

☆ Opinion: Amid Israel-Gaza war, Biden speech caps a good week for him, a bad week for the world
▼ + stars: | 2023-10-20 | by ( Gary Cotton | Opinion David Mark | ) edition.cnn.com time to read: +9 min

Whatever effect they have on the diplomatic front, Biden’s Israel trip and Thursday night prime time television address can only help his reelection efforts at this point, especially if he faces Trump. Some Republicans even offered grudging praise for Biden’s Israel trip. Of course, many prominent conservatives still found grounds for panning the Democratic president. According to Gallup, Democratic support for Israel has been sliding for years. Voters for now are giving Biden reasonably good reviews for his handling of both Israel and Ukraine.

Persons: David Mark, “, Bill Clinton, Barack Obama, Joe Biden, Biden, Donald Trump, Capitol Hill, he’d, Benjamin Netanyahu, Biden’s, Tim Burchett, ” Biden, ”, Brit Hume, Ron DeSantis, South Carolina Sen, Tim Scott, Laura Ingraham, ’ ” Ingraham, Nor, Israel, Trump, Clinton, Obama, George W, Bush Organizations: Washington, CNN, Democratic, Republican, Capitol, Russia, Trump, Wednesday, Air Force, Republicans, ” Fox News, Florida Gov, Fox News, Israel, Gallup, CBS, Quinnipiac University, Israel Democratic Locations: Hurricane, Northeast, Tel Aviv, Ukraine, Israel, Iran, Lebanon, Delaware, Biden’s, Gaza, Egypt, Washington, DC, El Al, Biden’s Israel, Tennessee, South Carolina

☆ CEO shares his No. 1 tip for finding a mentor—and the big mistake to avoid on your search
▼ + stars: | 2023-10-20 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

Matt Higgins' "number one" piece of advice for finding a highly successful mentor: Don't ask anyone to mentor you. The "Shark Tank" investor and RSE Ventures CEO doesn't like it when people cold-message him with mentorship requests, he said during Tuesday's CNBC Make It: Your Money virtual event. You could ask Higgins, for example: "I heard on 'Shark Tank' that you struggle with impostor syndrome. Putting ego aside and asking for help isn't embarrassing, Higgins said. Higgins isn't the only "Shark Tank" star to weigh in on the value of mentorship.

Persons: Matt Higgins, Mentorships, Higgins, wasn't, he's, Mark Cuban, I've, John, Barbara Corcoran Organizations: RSE, CNBC, Global Locations: They're

☆ Will Sam Bankman-Fried take the witness stand? It would be dangerous — but he has little to lose.
▼ + stars: | 2023-10-19 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +12 min

Sam Bankman-Fried needs to decide soon whether he'll take the witness stand in his criminal trial. AdvertisementAdvertisementCaroline Ellison testified in the trial of her ex-boyfriend, Sam Bankman-Fried JANE ROSENBERGFor that reason, the case against Bankman-Fried rests on the credibility of his alleged co-conspirators. In their own questioning of the cooperating witnesses, prosecutors have encouraged them to be open about taking responsibility for their crimes. Court sketch of Sam Bankman-Fried on the first day of his trial JANE ROSENBERG/ReutersIf Bankman-Fried takes the stand, he'll be cross-examined by prosecutors. If Bankman-Fried takes the stand, prosecutors will almost certainly point to more material and catch him in any contradictions.

Persons: Sam Bankman, he'll, he's, —, They're, Fried, Mark Cohen, Lewis Kaplan, who's, Cohen, He's, Caroline Ellison, Gary Wang, Nashad Singh, Sarah Krissoff, Cozen O'Connor, FTX, Mary Altaffer, Kaplan, Paul Tuchmann, Wiggin, Dana, Tuchmann, Adam Yedidia, Fried JANE ROSENBERG, Ellison, Wang, Singh, Bankman, Wang forthrightly, Ellison teared, slovenliness, Prosecutors —, Krissoff, JANE ROSENBERG, hedged, didn't, Judge Kaplan's, SBF Organizations: Service, Defense, US, Alameda Research, Former Alameda Research, AP, Prosecutors, Toyota Corolla, Reuters, ABC News, Alameda . Locations: Manhattan, Alameda, New York, FTX

☆ Sam Bankman-Fried's lawyer says FTX investments were not 'reckless'
▼ + stars: | 2023-10-17 | 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

REUTERS/Eduardo Munoz//File Photo Acquire Licensing RightsNEW YORK, Oct 17 (Reuters) - FTX founder Sam Bankman-Fried's lawyer on Tuesday said the now-bankrupt cryptocurrency exchange's investments were not "reckless and frivolous," pushing back against testimony by a former executive who called its spending on marketing and celebrity endorsements excessive. This is the third week of Bankman-Fried's trial in Manhattan federal court on charges related to the looting billions of dollars in customer funds to make investments, donate to U.S. political campaigns and prop up his hedge fund, Alameda Research. Bankman-Fried, who has pleaded not guilty, has argued that while he made mistakes running FTX, he never intended to steal funds. Jurors have already heard from Gary Wang, FTX's former chief technology officer, and Caroline Ellison, Alameda's onetime chief executive officer and Bankman-Fried's former girlfriend. Reporting by Luc Cohen in New York; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Nishad Singh, Tom Brady, Mark Cohen, Singh, Fried, K5, Cohen, Kendall Jenner's, Gary Wang, FTX's, Caroline Ellison, Alameda's, Luc Cohen, Will Dunham Organizations: REUTERS, Miami Heat, NFL, Defense, Tuesday, K5, Alameda Research, Thomson Locations: New York, U.S, Bankman, Manhattan

☆ FirstMark's Rick Heitzmann expect lower for longer in IPO valuations
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFirstMark's Rick Heitzmann expect lower for longer in IPO valuationsRick Heitzmann, First Mark Capital, joins 'Closing Bell' to discuss why he expects lower valuations for longer in the IPO market.

Persons: Rick Heitzmann, Mark Capital

Political Cartoons View All 1211 ImagesThe futures for the S&P 500 and Dow industrials were up less than 0.1%. On Monday on Wall Street, the S&P 500 climbed 1.1% for its best day since the Oct. 7 surprise attack on Israel by Hamas. Financial markets have a history of weakening initially after a geopolitical shock, such as a war, only to revert to longer-term fundamentals. FactSet estimates that earnings per share at S&P 500 companies likely rose 0.4% in the last quarter from a year earlier. Shares of Lululemon jumped 10.3% in their first trading session after S&P Dow Jones Indices said the apparel company will join its widely tracked S&P 500 index.

Persons: Germany's DAX, Dow industrials, Antony, Blinken, ” Robert Carnell, Nicholas Mapa, Brent, ”, Mark Hackett, Johnson, Tesla, Charles Schwab, Dow Organizations: CAC, Nikkei, Hamas, Dow, Nasdaq, ING Economics, New York Mercantile Exchange, Treasury, Financial, Nationwide, Bank of America, Federal Reserve, Dow Jones, Activision Blizzard, Microsoft, U.S Locations: BANGKOK, East, Paris, Asia, Hong Kong, Shanghai, Australia, Thailand, Israel, Gaza, Lebanon, Iran

☆ 8-year-old CEO got a $50,000 'Shark Tank' offer from two billionaires: 'I believe you're going to be a winner'
▼ + stars: | 2023-10-17 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

On Friday's episode, that kid was Gavin Batarse, an avid baseball player and the CEO of Glove Wrap. "Just place a ball in a glove and wrap it up with Glove Wrap. Some players wrap baseball gloves in rubber bands or stuff them under sofas. The potential market is large, spanning millions of kids and Major League Baseball players alike in the U.S. alone. The deal: $50,000 for a 22% equity stake in Glove Wraps.

Persons: Gavin Batarse, Jon, Morgan Batarse, Gavin, sofas, Gavin didn't, Mark Cuban, Michael Rubin, " Rubin, Still, Rubin, he'd, Cuban, Mark, Morgan, Gavin isn't, Sofi Overton, Lori Greiner, Daymond John, Barbara Corcoran Organizations: Baseball, Major League Baseball, Sporting Goods, Sharks, Wise, Products, Twitter, CNBC Locations: Orange County , California, U.S, Cuban

☆ Sam Bankman-Fried may need a Hail Mary if he wants to win over jurors
▼ + stars: | 2023-10-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Nishad Singh, former director of engineering at FTX, arrives at federal court in New York on Monday. Whether or not to testify is case-dependent, and clients take a big risk in opening themselves up to cross-examination by prosecutors. The Adderall issueSam Bankman-Fried, center, has pleaded not guilty to seven federal counts of fraud and conspiracy. So he’s only getting one in the morning before he’s transferred to the courthouse and one in the evening. While they have not yet presented their case, Bankman-Fried’s lawyers have repeatedly failed to stick the landing when it comes to cross-examining the government’s witnesses.

Persons: CNN Business ’, Sam Bankman, Mary, Nishad Singh, Yuki Iwamura, wouldn’t, ”, Jordan Estes, Kramer Levin, Estes, aren’t, Hail Mary, Elizabeth Williams, Mark Cohen, he’s, Cohen, hasn’t, Fried, Bankman, ” Cohen, Caroline Ellison, you’ll Organizations: CNN Business, New York CNN, Alameda Research, Bloomberg, US Attorney’s, Hail, AP, Metropolitan Detention, of Prisons Locations: New York, Manhattan, Bankman, Alameda, FTX

☆ Prosecutors say Sam Bankman-Fried got shady doctor to prescribe Adderall as judge denies greater access to pills during trial
▼ + stars: | 2023-10-16 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Sam Bankman-Fried's defense attorneys say he doesn't have enough Adderall. Before the trial began, they had written to the judge asking for "uninterrupted access" to the drug. AdvertisementAdvertisementProsecutors in Sam Bankman-Fried's trial raise concerns about the former cryptocurrency mogul's repeated requests for more Adderall during his criminal trial, claiming in court Monday that his doctor "has engaged in some suspect practices." AdvertisementAdvertisementBut, as Bankman-Fried's attorneys revisited their medicinal complaint in court on Monday, the prosecution accused them of using a sham doctor who overprescribes to patients. When Bankman-Fried's lawyers suggested stopping the trial until then, Kaplan refused.

Persons: Sam Bankman, SBF, —, mogul's, Danielle Sassoon, Lewis Kaplan, overprescribes, Sassoon, Mark Cohen, Fried, Cohen, Kaplan, hasn't Organizations: Service, US, Bureau of Prisons, Metropolitan Detention Center, Marshalls, Federal Bureau of Prisons Locations: Brooklyn

☆ Bankman-Fried needs Adderall to testify, defense requests delay in trial
▼ + stars: | 2023-10-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

"Bankman-Fried has been doing his best to remain focused during the trial for the past two weeks, despite not having his prescribed dose of Adderall during trial hours," continues the letter to the court. "Mr. Bankman-Fried has a history of Major Depressive Disorder and Attention Deficit Hyperactivity Disorder," Lerner wrote. Lerner added in his letter that Bankman-Fried had tried other antidepressants but said they were ineffective for his symptoms. Without his medication, Lerner warned the judge, "Bankman-Fried will experience a return of his depression and ADHD symptoms and will be severely negatively impacted in his ability to assist in his own defense." For nearly a year, there's been a nationwide shortage of Adderall, the popular stimulant used to treat ADHD.

Persons: Sam Bankman, District Judge Lewis Kaplan, Fried, Mark Cohen's, Judge Kaplan, Cohen, Bankman, Caroline Ellison, meds, George Lerner, Lerner, there's Organizations: U.S, District, Government, U.S . Food, Drug Administration Locations: Bahamas, U.S

TACOMA, Wash. (AP) — An expert in forensic pathology testified Monday in the ongoing trail of three Tacoma, Washington, police officers charged with the death of Manuel Ellis that Ellis likely would have lived if not for the officers’ actions to restrain him. Officers Matthew Collins and Christopher Burbank, both white, are charged with murder and manslaughter in the death of Ellis, a 33-year-old Black man, on March 3, 2020. Political Cartoons View All 1211 ImagesMitchell was questioned by special prosecutor Patty Eakes about medical findings that led him to his conclusion. Prosecutors previously said Ellis' last words were “I can't breathe.”Defense attorneys have generally argued Ellis died of a methamphetamine overdose. This is the first trial under a Washington state law that makes it easier to prosecute police who wrongfully use deadly force.

Persons: Manuel Ellis, Ellis, Roger Mitchell, Thomas Clark’s, Matthew Collins, Christopher Burbank, Timothy Rankine, Collins, Mitchell, Patty Eakes, Jared Ausserer, ” Mitchell, Mark Conrad, hogtied Organizations: D.C, Pierce, Seattle Times, Tacoma Police Department, Prosecutors, ” Defense Locations: TACOMA, Tacoma , Washington, Washington, Pierce County, American, Burbank

☆ AI startup caused a 'battle of the billionaires' on 'Shark Tank'—and got a $300,000 offer from Mark Cuban and Michael Rubin
▼ + stars: | 2023-10-16 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Billionaires Mark Cuban and Michael Rubin are up for the challenge. "This is a real issue," said Rubin, the CEO of sports retailer Fanatics and a guest judge on the episode. "We want to help change the perception of bots amongst consumers," Griffith said. Arming consumers with bots could help give regular people a fighting chance to buy items at fair prices, he surmised. Bachelor and Griffith, caught between their options, implored Cuban and Rubin to make a joint deal.

Persons: Maurice Bachelor, Mark Cuban, Michael Rubin, Joel Griffith, Rubin, Kevin O'Leary, Griffith, O'Leary Organizations: Cuban, Sharks, CNBC Locations: Angeles

☆ Sam Bankman-Fried's lawyers say he needs more Adderall to concentrate in court
▼ + stars: | 2023-10-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

SBF's lawyers are petitioning the court to grant him access to more Adderall during his trial. AdvertisementAdvertisementSam Bankman-Fried's lawyers say the embattled FTX founder needs more Adderall so he can concentrate during his ongoing criminal trial. The lawyers wrote that Bankman-Fried had only been given a dose of Adderall in the early mornings before he arrived at court for his criminal trial. Bankman-Fried's legal team proposed in the letter that their client be given an extended-release dose of Adderall before he is taken to court on Monday. The criminal trial against the disgraced crypto entrepreneur began on October 3.

Persons: wouldn't, —, Sam Bankman, Fried, Lewis Kaplan, Kaplan, Mark Cohen, Bankman Organizations: Service, The New Yorker, Bankman, Metropolitan Detention, Prosecutors, Alameda Research Locations: Brooklyn, Alameda

☆ Secret audio, a star witness, and ‘Thai prostitutes’ complicate Sam Bankman-Fried’s defense
▼ + stars: | 2023-10-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

‘The ultimate insider’Caroline Ellison offered crucial testimony this week against her former boss and ex-boyfriend, Sam Bankman-Fried. Like Bankman-Fried, Ellison faces the prospect of 110 years in prison if given a maximum sentence. Bankman-Fried’s defense team cross-examined Ellison for about six hours on Thursday in a meandering, halting back-and-forth that repeatedly prompted objections from the prosecution. The secret audio recordingCaroline Ellison, former chief executive of Alameda Research, leaves federal court in Manhattan on Thursday. Statements like the ones Ellison made in the recording are known as “prior consistent statements of a witness,” Estes said.

Persons: Sam Bankman, He’s, Caroline Ellison, Fried, Jane Rosenberg, —, ”, Jordan Estes, Kramer Levin, “, SBF’s, Ellison, Gary Wang, FTX, Sam, Judge Lewis Kaplan, Mark Cohen, Stephanie Keith, Christian Drappi, “ Sam’s, ” Estes, they’ve, ’, What’s, Estes, that’s, Mary, ” Prosecutors, there’s, ’ ” Estes, you’ve Organizations: New, New York CNN, Alameda Research, Reuters, US Attorney’s, Bloomberg, Getty, Alameda, Christian, ”, CNN Locations: New York, Alameda, Bahamas, Manhattan, Hong Kong, China

☆ Aussie lender ANZ loses case over troubled 2015 share placement worth $1.6 billion
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

"The landmark case reaffirms the importance of the continuous disclosure rules to maintain market integrity," the ASIC said in a statement on Friday. "The decision also confirms that a significant take-up of shares by underwriters in a capital raising may be considered price sensitive information requiring market disclosure." The maximum penalty under the court decision is A$1 million, ANZ said. The bank is reviewing the court judgement, it said, while the securities regulator said it would now make submissions on appropriate penalties. ($1 = 1.5838 Australian dollars)Reporting by Sameer Manekar in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Steven Saphore, Sameer Manekar, Rashmi Organizations: New Zealand Banking Group, ANZ, REUTERS, Australia's ANZ, underwriters, Australian Securities and Investments Commission, Citigroup Inc, Deutsche Bank AG, Australian Competition, Consumer Commission, Thomson Locations: Australia, Sydney, Bengaluru

☆ Sam Bankman-Fried's defense lawyer gave a snooze-worthy cross-examination of key witness Caroline Ellison in criminal trial
▼ + stars: | 2023-10-13 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Their cross of Caroline Ellison, arguably the biggest witness in the case, was noticeably repetitive. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ex-girlfriend and ex-Alameda-CEO Caroline Ellison returned to the witness stand in Manhattan federal court on Thursday for a cross-examination frequently interrupted with objections and sidebars. AdvertisementAdvertisementThe former CEO of FTX's sister company Alameda Research, Ellison pleaded guilty to seven financial fraud and conspiracy charges in December.

Persons: Sam Bankman, Caroline Ellison, —, Mark Cohen, quizzing Ellison, Ellison, Cohen, Fried, Bankman, Lewis Kaplan, Danielle Sassoon Organizations: Service, Alameda, Alameda Research, FBI Locations: Manhattan, Alameda, FTX, Bahamas

BOWLING GREEN, Ky. (AP) — Republican voter Mark Cook stuck with his party in Kentucky's last election for governor. Once again, Warren County, which includes the leafy, fast-growing college town of Bowling Green, looms as a potential swing area. Those undecided voters included Carol Martin of Bowling Green, who wanted to hear more from both candidates. “I believe him," the retiree said while strolling through a downtown Bowling Green park. "And what you see is what you get.”A Republican lawmaker from Bowling Green had a different view.

Persons: Mark Cook, Andy Beshear, Cook, Donald Trump, Joe Biden, Beshear, “ He's, ” Cook, “ I’ve, I’m, Daniel Cameron, Kentuckians, Matt Bevin, Trump, Cameron, ”, Scott Lasley, “, Carol Martin, Martin, “ I’m, Bevin, Dale Chaffin, Chaffin, Still, what's, Donald Kubeny, Roe, Wade, he’s, Linda King's, ” King, Gary Jolly, Susann Davis, ” Davis, Olivia Thomas, Patti Minter, it’s, Minter, Sen, Mike Wilson, Daniel Organizations: — Republican, Republican, Democratic, Bluegrass State, ”, Beshear, Western Kentucky University, National Corvette Museum, Bowling Green, Northern Kentucky University, “, Democrat, Cameron, Supreme, Bowling, GOP, reined, Former, Bowling Green Democrat Locations: Ky, Kentucky's, Kentucky, Bowling, Appalachia, Mississippi, Warren County, It's, Louisville, Western Kentucky, Fayette County, Lexington, ”, Highland Heights, bologna, U.S, Bowling Green

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