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☆ Lila Moss copied her mom Kate Moss' see-through silver dress 30 years later
▼ + stars: | 2023-12-05 | by ( Amanda Krause | ) www.businessinsider.com time to read: +3 min

The look mirrored a see-through outfit her mom Kate Moss famously wore in 1993. AdvertisementLila Moss is the spitting image of her mother Kate Moss — and she's happy to be. Ian West - PA Images/Getty ImagesThe outfit also not-so-subtly referenced a dress famously worn by the 21-year-old's mother Kate. Kate Moss models for Donna Karan in New York City on April 2, 1993. Fairchild Archive/Getty ImagesRepresentatives for Kate Moss, Lila Moss, and Nensi Dojaka did not respond to a request for comment.

Persons: Lila Moss, Kate Moss, —, Kate Moss —, — Lila, Nensi Dojaka, Ian West, Kate, Moss, Liza Bruce, Jimmy B, James Brown, Corinne Day, Dave Benett, Lila, it'd, It's, Mike Marsland, Donna Karan Organizations: Service, British Fashion Council, Elite Model Agency, Elite, British Vogue, Fairchild, Getty Locations: London, England, Albanian, Soho, British, New York City

☆ Jamie Foxx assures fans he's not a 'clone' after 'medical complication' earlier this year: 'I couldn't walk'
▼ + stars: | 2023-12-05 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +2 min

Jamie Foxx tearfully opened up Monday night about his "medical complication" earlier this year. AdvertisementJamie Foxx assured fans that he isn't a clone after experiencing a mystery "medical complication" in April. The actor opened up more about his condition Monday night at a Critics Choice Association event, revealing that at one point he couldn't walk. "You know, it's crazy, I couldn't do that six months ago — I couldn't actually walk," he said. In April, Foxx's daughter Corinne issued a statement that the actor "experienced a medical complication."

Persons: Jamie Foxx, he's, Foxx, —, I'm, I've, Don't, Foxx's, Corinne Organizations: Service Locations: Atlanta , Georgia

☆ The Law That Brought to Light a Flurry of Sexual-Assault Allegations
▼ + stars: | 2023-11-29 | by ( Corinne Ramey | Erin Ailworth | ) www.wsj.com time to read: 1 min

The Adult Survivors Act was signed into law last year in New York. Photo: Scott Heins/Getty ImagesA window expired Nov. 24 to file sexual-assault claims under New York’s Adult Survivors Act no matter how long ago the conduct occurred, prompting a flurry of court filings at the deadline. The filings led to headlines about allegations against former New York Gov. Andrew Cuomo , New York City Mayor Eric Adams , rapper Sean Combs and others. Here’s what you need to know:

Persons: Scott Heins, Andrew Cuomo, Eric Adams, Sean Combs Organizations: New York Gov, Andrew Cuomo , New York City Locations: New York, Andrew Cuomo , New York

☆ Moving to Tulsa: 4 transplants share how the small city has changed their cost of living
▼ + stars: | 2023-11-25 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +11 min

Through programs including Tulsa Remote, former Californians and New Yorkers are moving to Oklahoma. Some moved through Tulsa Remote, while others discovered the city on their own. For those moving through Tulsa Remote, the retention rate is around 76%. She moved to Tulsa in February 2020 independent of the Tulsa Remote program. He noticed some friends who also lived in an RV full-time eventually settled in Tulsa, and he decided to apply to Tulsa Remote.

Persons: —, Laura Landers, it's, Landers, She's, they've, " Landers, Corinne Gaston, Philadelphia Corinne Gaston, Gaston, she's, Faith MacNeil, Lansing , Michigan Faith MacNeil, MacNeil, didn't, Lansing —, Michael Boyink, Missouri Michael Boyink, Bob Dylan, he's, He's, Boyink Organizations: Tulsa, Oklahoma . Business, Service, Dallas, Housing Solutions, Rocket Homes, Business, Lansing, Michigan, Bob Dylan Center, Woody Guthrie Center Locations: Oklahoma, Los Angeles, California, Dallas, Tulsa, LA, Housing Solutions Tulsa, Tulsa County, California , Michigan , Missouri, Pennsylvania, Philadelphia, Lansing , Michigan, Michigan, Scotland, Glenpool, Lansing, Missouri, Boyink

☆ Mixed emotions as first group of Israeli hostages return from Gaza
▼ + stars: | 2023-11-24 | by ( Ari Rabinovitch | ) www.reuters.com time to read: +3 min

"But I stress to you, the families, and to you, citizens of Israel: We are committed to bringing back all our hostages." As well as the Israeli hostages, 10 Thais and one Filipino, who were taken captive at the same time, were also freed under a separate agreement, Qatari mediators said. The military said the released hostages had undergone initial medical checks inside Israel and would be taken to hospitals where they would be reunited with their families. The rest of a group of at least 50 Israeli hostages due to be exchanged under a Qatari-brokered agreement are expected to be freed in the coming days and more hostages could be added if the truce deal is extended. The military campaign has killed around 14,000 Palestinians, according to medical authorities in Hamas-ruled Gaza and reduced much of Gaza to rubble.

Persons: Benjamin Netanyahu, Corinne Moshe, Adina Moshe, Al Qahera, Kibbutz Nir Oz, Israel's Kan, Erez, Shelly Shem Tov, Omer Shem Tov, Omer, Ari Rabinovitch, Henriette Chacar, Andrew Heavens, Hugh Lawson Organizations: Qatari, Reuters, Israel's, Thomson Locations: Gaza, Israel, Egypt

☆ Sam Bankman-Fried’s Life Behind Bars: Crypto Tips and Paying With Fish
▼ + stars: | 2023-11-23 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

Mackerel packets, known as ’macks,’ are a favored federal jailhouse currency after officials banned smoking. Photo Illustration: Illustration by The Wall Street Journal; Photo: Bill BaroniSam Bankman-Fried , convicted of fraud in the meltdown of FTX, has traded in crypto for a new currency: mackerel. The fallen crypto king, who is cooling his heels at Brooklyn’s Metropolitan Detention Center while he awaits sentencing for seven felony offenses, has learned the fundamentals of prison economics while sharing a dormitory with a former Honduran president awaiting criminal trial and a recently convicted former top cop of Mexico, people familiar with the matter said.

Persons: Bill Baroni Sam Bankman, Fried Organizations: Wall, Brooklyn’s Metropolitan Detention Locations: Brooklyn’s, Honduran, Mexico

☆ Federal Takeover Sought for Rikers Island
▼ + stars: | 2023-11-18 | by ( Corinne Ramey | Erin Ailworth | ) www.wsj.com time to read: 1 min

Rikers Island houses thousands of defendants awaiting trial in New York City in addition to convicted inmates serving short sentences. Photo: Andrew Lichtenstein/Corbis/Getty ImagesManhattan’s top federal prosecutor and lawyers for people detained at Rikers Island asked a judge to take the rare step of ordering a federal takeover of the troubled New York jail complex, saying city officials could no longer manage a facility dominated by brutal conditions. The formal request comes after years of litigation over safety at Rikers Island, which houses thousands of defendants awaiting trial in addition to convicted inmates serving short sentences. The lawyers also asked that a judge find New York City in contempt for violating prior court orders requiring improved conditions at its jails.

Persons: Andrew Lichtenstein Organizations: New Locations: New York City, York, Rikers

☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

☆ Solar stocks could rebound in 2024 after a brutal year but interest rates will make or break the recovery
▼ + stars: | 2023-11-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Solar stocks could rebound in the second half of 2024 after taking a beating this year, though the industry's recovery depends largely on whether the Federal Reserve raises interest rates again. The rally comes as the residential solar industry looks toward the end of a rough year, with demand softening significantly as repeated rate hikes made installations unattractive for consumers. "The big headwind is interest rates," said Julien Dumoulin-Smith, a stock analyst who covers clean energy for Bank of America. Inventory problem The residential solar companies misread the market this year after a record 2022. The residential solar stocks will probably be broadly revisited on the buyside sometime around the spring of 2024, Blanchard said, though this also depends on what the Federal Reserve does with interest rates.

Persons: SolarEdge, Julien Dumoulin, Smith, we're, Corinne Blanchard, Blanchard, Wood Mackenzie, Jerome Powell, Goldman Sachs, James West, orderbook, West Organizations: Federal Reserve, Treasury, Bank of America, Deutsche Bank, Federal, Golden State, Utilities, Evercore ISI Locations: Dumoulin, California, Golden

☆ Former George Santos Aide Pleads Guilty to Fraud
▼ + stars: | 2023-11-14 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

Rep. George Santos, a New York Republican, is scheduled to go to trial next year. Photo: Drew Angerer/Getty ImagesA former aide to U.S. Rep. George Santos pleaded guilty to wire fraud Tuesday for impersonating a high-ranking House staffer while fundraising, the second known associate of the New York Republican to admit to crimes related to the congressman’s campaign activities. Samuel Miele, who worked for Santos on two campaigns, entered the plea at a Long Island federal courthouse. Prosecutors said he also admitted that he charged credit cards without authorization for contributions to the campaigns of Santos and other candidates, as well as for his own personal use.

Persons: George Santos, Drew Angerer, Samuel Miele, Santos Organizations: New, New York Republican, U.S . Rep, Prosecutors Locations: New York

☆ Trump Takes Witness Stand in New York Civil-Fraud Trial
▼ + stars: | 2023-11-06 | by ( Corinne Ramey | Jacob Gershman | ) www.wsj.com time to read: +1 min

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoDonald Trump testified Monday in the $250 million civil-fraud trial that could determine the future of his business empire, saying the financial statements at the heart of the case were unimportant while also protesting the proceedings as unfair. Trump, wearing a navy suit, blue tie and an American flag pin, took the witness stand under oath in a Manhattan courtroom to face questioning from the New York attorney general’s office, which alleges he and his business engaged in a lengthy scheme to inflate the value of their assets for financial gain. The former president alternated between calmly responding to questions about his finances and drawing the repeated ire of the presiding judge, who reminded him the proceeding “is not a political rally.”

Persons: Donald Trump, Annie Zhao Donald Trump, Trump, ” Organizations: New Locations: American, Manhattan, New York

☆ Trump Testimony Sparks Testy Exchanges in New York Civil Fraud Trial
▼ + stars: | 2023-11-06 | by ( Corinne Ramey | Jacob Gershman | ) www.wsj.com time to read: 1 min

Former President Donald Trump testified Monday in his civil fraud trial, in which prosecutors allege he inflated his worth by billions of dollars to secure unfair financial advantages. ‘It’s very unfair,’ Trump said ahead of his appearance. Photo: Curtis Means/BloombergA defiant Donald Trump offered a combative defense of his business empire in sworn testimony Monday, trading jabs during his civil fraud trial with a New York judge who repeatedly rebuked him for veering off on tangents. The former president took the witness stand in a Manhattan courtroom to face questioning from lawyers with the state attorney general’s office, which alleges he and his business engaged in a lengthy scheme to inflate his worth for financial gain.

Persons: Donald Trump, ’ Trump, Curtis Means Organizations: Bloomberg Locations: New York, Manhattan

☆ Speaker Mike Johnson's 'adopted' Black son said he would 'probably be in prison' if not for him
▼ + stars: | 2023-11-04 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

House Speaker Mike Johnson's "adopted" Black son has spoken publicly about him for the first time. Michael Tirrell James told DailyMail.com he would "probably be in prison" if it wasn't for Johnson. AdvertisementAdvertisementRepublican House Speaker Mike Johnson's "adopted" Black son has spoken publicly about him for the first time, following reports questioning why he has stayed out of the spotlight. I would probably be in prison, or I might not have made it at all," James told the outlet. "I always felt loved like I was a part of their family," James told DailyMail.com.

Persons: Mike Johnson's, Michael Tirrell James, DailyMail.com, Johnson, —, James, didn't, Michael, Kelly, he's, Corinne Day, Sandra Bullock Organizations: Service, The New York Times, Newsweek Locations: Baton Rouge, Louisiana

☆ Sam Bankman-Fried Faces Lengthy Sentence—And Long Odds on Appeal
▼ + stars: | 2023-11-03 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: +1 min

Sam Bankman-Fried, the founder of FTX, was convicted Thursday in a New York federal court of stealing billions of dollars from customers. Prosecutors have called it one of the biggest financial frauds in U.S. history. Photo: Amr Alfiky/ReutersDisgraced crypto star Sam Bankman-Fried is staring down a lengthy prison sentence after being convicted of fraud in the collapse of FTX, and he faces long odds of making any inroads on appeal. A federal jury in New York wasted little time Thursday in convicting the 31-year-old FTX founder of all seven counts he faced, a verdict issued just hours after deliberations began. Jurors agreed with prosecutors that theft and lies by Bankman-Fried fueled FTX’s demise.

Persons: Sam Bankman, Amr Alfiky, Fried Organizations: Prosecutors, Venture Locations: New York, convicting

☆ Sam Bankman-Fried Is Convicted in FTX Collapse
▼ + stars: | 2023-11-03 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

FTX founder Sam Bankman-Fried was convicted of stealing billions of dollars from customers of the doomed crypto exchange, in what prosecutors called one of the biggest financial frauds in U.S. history. The verdict, delivered by a New York federal jury, capped the stunning fall of the onetime crypto king, whose shaggy-haired boy-genius persona helped catapult FTX into a powerhouse trading platform that sponsored sports teams and ran glitzy ads featuring football great Tom Brady, model Gisele Bündchen and comedian Larry David.

Persons: Sam Bankman, Fried, Tom Brady, Gisele Bündchen, Larry David Organizations: New Locations: New York

☆ Jury in Sam Bankman-Fried Trial Expected to Begin Deliberations
▼ + stars: | 2023-11-02 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Earlier: FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoJurors are expected to begin deliberating Thursday afternoon on whether FTX founder Sam Bankman-Fried is guilty of fraud and other crimes that contributed to the collapse of the crypto exchange. The deliberations cap a nearly monthlong trial in which jurors heard testimony from more than 20 witnesses, including Bankman-Fried. On Thursday morning, a prosecutor delivered a rebuttal to the closing arguments made by Bankman-Fried’s defense team.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao, Fried

☆ Jury in Sam Bankman-Fried Trial Begins Deliberations
▼ + stars: | 2023-11-02 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Earlier: FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoJurors began deliberating Thursday afternoon on whether FTX founder Sam Bankman-Fried is guilty of fraud and other crimes that contributed to the collapse of the crypto exchange. “Now it’s your job to decide who you believe,” U.S. District Judge Lewis Kaplan told jurors before they started.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao, Fried, District Judge Lewis Kaplan Organizations: District Locations: U.S

☆ Sam Bankman-Fried Is Convicted of Fraud in FTX Collapse
▼ + stars: | 2023-11-02 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

FTX founder Sam Bankman-Fried was convicted Thursday of stealing billions of dollars from customers of the doomed crypto exchange, in what prosecutors called one of the biggest financial frauds in U.S. history. A New York federal jury convicted him of all seven counts he faced. The verdict capped the stunning fall of the onetime crypto king, whose shaggy-haired, boy-genius persona helped catapult FTX into a powerhouse trading platform that sponsored sports teams and ran glitzy ads featuring football great Tom Brady, model Gisele Bündchen and comedian Larry David.

Persons: Sam Bankman, Fried, Tom Brady, Gisele Bündchen, Larry David Organizations: New Locations: New York

The nearly monthlong trial, in courtroom 26A in downtown Manhattan, of one-time crypto billionaire Sam Bankman-Fried was courtroom drama. The line to get into the courthouse could start as early as 11:30 p.m. the night before, and, on some days, courtroom slots were claimed by 4:30 a.m. Anyone who didn’t make it into the courtroom could watch the action on TV screens in overflow rooms. There, it could get rowdy, with laughing or heckling in response to witness testimony.

Persons: Sam Bankman, Fried Locations: Manhattan

☆ Prosecutors, Defense Paint Conflicting Pictures of Sam Bankman-Fried
▼ + stars: | 2023-11-01 | by ( Corinne Ramey | ) www.wsj.com time to read: 1 min

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao Prosecutors, Fried, Nicolas Roos Organizations: U.S

☆ Sam Bankman-Fried’s Lawyers Seek to Regain Ground in FTX Trial
▼ + stars: | 2023-11-01 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

FTX founder Sam Bankman-Fried said repeatedly from the witness stand that he couldn’t recall many of his past statements. Photo: jane rosenberg/ReutersSam Bankman-Fried ’s lawyers rested their case Tuesday after seeking to rehabilitate the FTX founder’s credibility from the prosecutors’ two-day grilling. Bankman-Fried, dressed in a gray suit, floundered through the end of Assistant U.S. Attorney Danielle Sassoon’s cross-examination.

Persons: Sam Bankman, Fried, jane rosenberg, Reuters Sam Bankman, Danielle Sassoon’s Organizations: Reuters, U.S

In a courtroom sketch, Judge Lewis Kaplan watches as FTX founder Sam Bankman-Fried testifies earlier in his fraud trial. Photo: jane rosenberg/ReutersSam Bankman-Fried faced his biggest test in the legal hot seat Monday, grilled by a federal prosecutor who was intent on poking holes through the FTX founder’s claims that unfortunate management mistakes, not criminal activity, were to blame for the crypto exchange’s collapse. The fallen crypto star, testifying in his own defense in New York against fraud and other charges, began by confidently answering questions from his own lawyer, saying he had been honest with customers and investors and believed his business empire was in good financial shape. The trial proceedings shifted quickly after Assistant U.S. Attorney Danielle Sassoon began her cross-examination and sought to confront Bankman-Fried with a litany of his past public statements whose truthfulness she questioned.

Persons: Lewis Kaplan, Sam Bankman, Fried, jane rosenberg, Reuters Sam Bankman, Danielle Sassoon, Bankman Organizations: Reuters, U.S Locations: New York

☆ Sam Bankman-Fried Tells Jurors He Didn’t Commit Fraud
▼ + stars: | 2023-10-28 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Illustration: Illustration by Alexandra Citrin-Safadi/WSJSam Bankman-Fried made a direct appeal to jurors who will decide his fate, testifying Friday that he made mistakes large and small while running crypto exchange FTX but didn’t defraud customers out of billions of dollars. Taking the witness stand in his own defense, Bankman-Fried sought to portray himself as a well-meaning entrepreneur who set out to improve crypto markets and unintentionally did “the opposite of that.”

Persons: Alexandra Citrin, Sam Bankman, Fried, ”

☆ Speaker Mike Johnson explained why his 'adopted' Black son is not involved in his public life
▼ + stars: | 2023-10-28 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

The new right-wing House Speaker Mike Johnson has an adult "adopted" Black son. He explained why his son has chosen to keep a low profile and stay out of his public life. AdvertisementAdvertisementNewly elected House Speaker Mike Johnson addressed the public absence of his "adopted" Black son. However, questions were raised when Michael was conspicuously absent from Johnson's public life, including not appearing in his family portrait on his website. He asked not to be involved in their new public life.

Persons: Mike Johnson, Johnson, Sandra Bullock, —, Michael, Corinne Day, Kelly, Michael —, Jack, George Floyd Organizations: Service, Newsweek, New York Times, Louisiana Republican, Republicans, Alliance Defending, Southern Poverty Law Locations: Louisiana

☆ Sam Bankman-Fried Says FTX Actions Were Guided by Lawyers
▼ + stars: | 2023-10-26 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: +1 min

FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoFTX founder Sam Bankman-Fried previewed a potential defense Thursday when he told a federal judge that he relied on the blessing of lawyers to make business decisions such as deleting communications and making loans to himself, actions that prosecutors said allowed him to commit the crimes that led to the implosion of his crypto exchange. Bankman-Fried, on trial for fraud, money laundering and other offenses, had been expected to testify in front of a Manhattan federal jury on Thursday afternoon. Instead, in what amounted to an unusual practice session after the jury was dismissed for the day, U.S. District Judge Lewis Kaplan required the FTX founder to walk through several subjects that were in dispute so the judge could rule on what Bankman-Fried could say to jurors.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao FTX, Fried, District Judge Lewis Kaplan Organizations: District Locations: U.S

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