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Sam Bankman-Fried, Crypto’s Former Golden Boy, Goes on Trial 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 Zhao
Persons: Sam Bankman, Crypto’s, WSJ’s Alexander Osipovich, Annie Zhao Organizations: Golden
How Adobe Plans to Stand Out From the AI PackAdobe’s SVP of Digital Media joins host Zoe Thomas to discuss the company's new AI products and how it is handling issues of copyright and misinformation. Plus, the trial of FTX founder Sam Bankman-Fried has resumed. You can follow along the big developments by listening to The Journal podcast’s special series The Trial of Crypto's Golden Boy. Photo: Dado Ruvic/Reuters
Persons: Zoe Thomas, Sam Bankman, Fried, Dado Ruvic Organizations: Digital Media, Reuters
Caroline Ellison, Sam Bankman-Fried's former deputy—and sometime girlfriend—is continuing to testify. To recap : Bankman-Fried is on trial facing several fraud charges for his role in the collapse of his crypto exchange. Ellison was the CEO of Alameda, a hedge fund that Bankman-Fried founded. Ellison has pleaded guilty to several charges and is cooperating with the prosecution. Stay informed on Sam Bankman-Fried and the collapse of FTX:Read more on Ellison's testimony TuesdayMeet the main players in the FTX trialCatch up on what's happened so far in the trialListen to our special FTX trial podcast: The Crypto Golden BoyRead how we got here and the charges facing Sam Bankman-Fried
Persons: Caroline Ellison, Sam Bankman, , Ellison, Fried Locations: Alameda
Caroline Ellison, Sam Bankman-Fried's former deputy—and sometime girlfriend—is set to continue testifying. To recap : Bankman-Fried is on trial facing several fraud charges for his role in the collapse of his crypto exchange. Ellison was the CEO of Alameda, a hedge fund that Bankman-Fried founded. Ellison has pleaded guilty to several charges and is cooperating with the prosecution. Stay informed on Sam Bankman-Fried and the collapse of FTX:Read more on Ellison's testimony TuesdayMeet the main players in the FTX trialCatch up on what's happened so far in the trialListen to our special FTX trial podcast: The Crypto Golden BoyRead how we got here and the charges facing Sam Bankman-Fried
Persons: Caroline Ellison, Sam Bankman, , Ellison, Fried Locations: Alameda
FTX founder Sam Bankman-Fried is on trial facing several fraud charges for his role in the collapse of his crypto exchange. Bankman-Fried's top deputy, Caroline Ellison, is expected to take the stand in the afternoon. Alameda used FTX customer funds to make risky bets. Ellison is an ex-girlfriend of Bankman-Fried so the testimony has the potential to get personal and raw. Meet the main players in the FTX trialCatch up on what's happened so far in the trialListen to our special FTX trial podcast: The Crypto Golden BoyNeed more?
Persons: Sam Bankman, Caroline Ellison, Ellison, Fried Locations: Alameda
SBF Trial Today: Live Updates as Caroline Ellison Testifies
  + stars: | 2023-10-10 | by ( ) www.wsj.com   time to read: 1 min
Caroline Ellison is taking the stand Tuesday in the trial of FTX founder Sam Bankman-Fried. Ellison is Bankman-Fried's ex-girlfriend, as well as his former top deputy, so the testimony has the potential to get personal and raw. Bankman-Fried is on trial facing several fraud charges for his role in the collapse of his crypto exchange. Alameda used FTX customer funds to make risky bets. Meet the main players in the FTX trialCatch up on what's happened so far in the trialListen to our special FTX trial podcast: The Crypto Golden BoyNeed more?
Persons: Caroline Ellison, Sam Bankman, Ellison, Fried Locations: Alameda
The Trial of Crypto’s Golden Boy
  + stars: | 2023-10-06 | by ( The Journal. | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/trial-of-cryptos-golden-boy-4c376cef
Persons: Dow Jones
Sam Bankman-Fried, Crypto’s Former Golden Boy, Goes on Trial FTX founder Sam Bankman-Fried is about to go 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 Zhao
Persons: Sam Bankman, Crypto’s, WSJ’s Alexander Osipovich, Annie Zhao Organizations: Golden
‘This Is Only a Test’: What to Expect From FEMA’s Nationwide Alert Today FEMA is testing today at 2:20 p.m. ET its ability to send emergency alerts to cellphones, TVs and radios on a nationwide scale. WSJ looks at why this alert is happening and explains how the technology of the alerts has evolved. Photo: Andrew Harrer/Bloomberg News
Persons: Andrew Harrer Organizations: Nationwide Alert, FEMA, Bloomberg
Sam Bankman-Fried, Crypto’s Former Golden Boy, Goes on Trial FTX founder Sam Bankman-Fried is about to go 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 Zhao
Persons: Sam Bankman, Crypto’s, WSJ’s Alexander Osipovich, Annie Zhao Organizations: Golden
House Votes to Oust Speaker Kevin McCarthy
  + stars: | 2023-10-03 | by ( ) www.wsj.com   time to read: 1 min
Sam Bankman-Fried, Crypto’s Former Golden Boy, Goes on TrialFTX founder Sam Bankman-Fried is about to go 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 Zhao
Persons: Sam Bankman, Crypto’s, WSJ’s Alexander Osipovich, Annie Zhao Organizations: Golden
The Collapse of FTX: Insiders Tell All
  + stars: | 2023-10-02 | by ( Jessica Joseph | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Collapse of FTX: Insiders Tell AllFormer billionaire, Sam Bankman-Fried, saw a meteoric rise as crypto's golden boy and an even more spectacular fall from grace as his $32 billion cryptocurrency exchange, FTX, collapsed in a matter of days. FTX customers and investors around the world watched in shock as a single tweet ignited a series of events that ended with the crypto titan facing a dozen federal charges and waiting for trial behind bars. CNBC's Kate Rooney speaks to people impacted most by the collapse of the exchange.
Persons: Sam Bankman, CNBC's Kate Rooney
‘A Knight’s Tale’ (Aug. 31)Another period musical, this one from the writer and director Brian Helgeland (an Oscar winner for co-writing the “L.A. The movie’s writer, director and editor, Oren Peli, cleverly turns his technological shortcomings into bonuses, crafting a found-footage story of things going bump in the night with gooseflesh raising inventiveness. Naomi Watts provides a rooting interest as the cynical reporter investigating the tape’s mysterious origins and the spell it casts. ‘Salt’ (Aug. 31)Angelina Jolie fronted her fair share of action movies, but she never really seemed to find the right vehicle for her particular talents. operative, or both, or something else entirely — Jolie lands on the perfect role for her distinctive blend of butt-kicking athleticism, sensuality and intelligence.
Persons: , Brian Helgeland, , Ledger, Sossamon, stealer Rufus Sewell —, Tina Fey, Rosalind Wiseman, Fey dramatizes, Cady, Lindsay Lohan, Mark Waters, Lohan, Fey, Ana Gasteyer, Tim Meadows, Amy Poehler, Lizzy Caplan, Rachel McAdams, Amanda Seyfried, Oren Peli, Hideo Nakata’s, Gore, Naomi Watts, Angelina Jolie, Evelyn Salt, Jolie, Phillip Noyce Organizations: Business, Bees Locations: Helgeland, That’s, Russian
Agnew suggested to Spacey that grabbing men by the crotch was "your MO, this is your trademark and this is what you do". 'ABSOLUTE BOLLOCKS'Agnew earlier asked Spacey about a complainant who alleges Spacey painfully grabbed his crotch like "a cobra" in the mid-2000s. Spacey asked: "Did he accuse me of grabbing his bollocks?" Spacey replied: "Money, money and then money." Spacey described his encounters with two of the other complainants as "consensual interactions", adding: "If they went further than they wanted, they didn't tell me."
Persons: Spacey, Kevin Spacey, groped, Christine Agnew, Agnew, Sam Tobin, Mark Heinrich Our Organizations: Old, Thomson Locations: London's Southwark, Britain, London, American, Oxford, England
James Gorman announced that he will step down as Morgan Stanley CEO in the next year. The three executives in contention are co-presidents Ted Pick and Andy Saperstein, as well as Dan Simkowitz, head of investment management at Morgan Stanley. Morgan Stanley declined to comment. But the long-time Morgan Stanley executives have distinct leadership styles and backgrounds. Do you work for Morgan Stanley?
CNN —Heading into the NFL Draft, there’s always one prospect coming out of college who everyone becomes infatuated with, despite not being the finished article. This year’s golden boy is Anthony Richardson and, in his unique case, he’s impressed at every stage of the process. Richardson ran the fastest 40-yard dash time of all quarterbacks, as well as jumping the highest and furthest at the Combine. With potentially nine picks in the opening 12 being held by quarterback-needy teams, Richardson could be finding a new home anywhere across the league. David Rosenblum/Icon Sportswire/Getty ImagesIt means that Richardson has just 13 career college starts to his name entering the draft.
Archeologists uncovered what is likely the oldest mummy ever discovered in Egypt on Thursday. Archaeologists discovered the 4,300-year-old Hekashepes near the Step Pyramid wrapped in gold leaf. Saqqara, a "great masterpiece of architectural design," is located in Memphis, the first capital of ancient Egypt. This comes only a day after a different team of archaeologists discovered ruins of another ancient city called Luxor, south of Cairo. There has been a string of major archaeological discoveries across Egypt in recent years, highlighted as part of a growing push to promote the country's tourism industry.
CAIRO — Known as Egypt’s “golden boy,” the mummified remains of a teenager buried 2,300 years ago have long remained shrouded in mystery. Now they have been “digitally unwrapped” by scientists, revealing intimate details that went undiscovered for over a century. Radiologists at Cairo University in Egypt used CT scans to non-invasively unwrap the remains, uncovering signs of wealth as well as efforts to ensure his safe passage to the afterlife. Amulets were both placed inside the “golden boy” and between the wrappings used to mummify the remains, the study published Tuesday found. The new study comes as museums in the U.K. reckon with whether the term "mummy" is appropriate to describe mummified remains, because of what some say are its “dehumanizing” connotations.
The child, nicknamed the "golden boy," was mummified with 49 protective amulets. A team of scientists has digitally unwrapped the 2,300-year-old mummy using a CT scanner to uncover its secrets. The team found that the so-called "golden boy" was lavishly mummified with gold and semi-precious stones. Forty-nine protective amulets were precisely placed in three columns on his body, suggesting he was rich and of high status. A curved arrow shows the location of a dense golden amulet placed in the boy's mouth.
Crypto just had an awful week
  + stars: | 2023-01-05 | by ( Allison Morrow | ) edition.cnn.com   time to read: +5 min
It’s the kind of negative press that the crypto faithful want to either ignore completely or denounce as a fringe, one-off scandal. But crypto is a tight-knit web, and when one corner collapses it puts the whole lot at risk. And we’re not done yet…Also this week:Coinbase, a publicly traded US crypto platform, agreed to a $100 million settlement after a New York regulator found “significant failures” to comply with the state’s anti-money-laundering laws. Bottom line: I’m not here to write crypto’s obit, and I am well aware that there are plenty of legitimate crypto enterprises out there. But no one within crypto agrees on what those regulations should look like, and some dispute the need for regulation in the first place.
CNBC's Jim Cramer on Wednesday offered investors a selection of stocks that he believes will do well this year. To come up with his picks, he examined the best- and worst performers in the S&P 500 from last year and chose five potential 2023 winners from each list. Here are the best-performers from 2022 that Cramer believes could continue to see gains this year:HalliburtonCramer predicted that the stock has a multi-year rally ahead of it. Enphase EnergyCalling it the "renewable golden boy," Cramer said the solar energy technology company is a profitable, solid business. Northrop GrummanThe company's stock could be the best defense contractor to own as the war between Russia and Ukraine continues, according to Cramer.
Our Big Tech team was constantly chasing the biggest stories, from alleged executive misconduct at Microsoft to injuries in Amazon warehouses. After a record-breaking 2021, European startups raised $16 billion in the third quarter — a 44% annual drop. The solo founder joined YC in January 2022, and has since raised millions from investors like Alexis Ohanian. The risk of debilitating muscle and joint injuries at Amazon warehouses is off the charts, workplace regulators have said. Amazon workers shared why they planned to vote against unionizing.
Though in truth they laboured in the first half against a mediocre Mexico team, they celebrated as if they had won the World Cup itself. After scoring the first goal against Mexico, his second of Argentina's three at the tournament, Messi charged towards fans screaming in joy. Many in fact show the two together, arm-in-arm or Maradona looking beatifically down on Messi from heaven. Should Messi go all the way, he will of course directly match Maradona, who led Argentina to a famous 1986 World Cup win including his famous "Hand of God" and best-ever tournament goals against England en route. Even Messi looked slow and made basic errors prior to scoring against Mexico and relaxing into the player everyone knows.
The Microsoft executive walked into the small, windowless room in Studio C at about 8 o'clock that evening. Despite Nadella's public stance against those he has called "talented jerks," many inside the company say Microsoft retains a nearly unlimited tolerance for bad behavior by its top rainmakers and developers. "The Microsoft of 2021 is very different from the Microsoft of 2000 to me and to everyone at Microsoft," Nadella said. But some women say the investigations drag on for months or even years, with no clear timeline for resolution. What's more, some employees say Microsoft's efforts to promote racial equity often smack of tokenism.
Microsoft released results of what it said was an independent review of its sexual harassment policies. The review cites Insider's report about allegations of misconduct from "golden boy" executives whose value gave them impunity. Current and former Microsoft employees alleged Kipman repeatedly got away with inappropriate behavior toward women employees, including unwanted touching. Microsoft, according to ArentFox's report, provided the firm with records related to allegations of misconduct by Kipman and Keane from 2021 and earlier. The firm did not investigate the allegations, but reviewed the results of Microsoft's own investigations into the allegations and found the company could have addressed inappropriate conduct earlier.
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