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☆ Judge thrashes Sam Bankman-Fried for claiming FTX customers didn't lose any money before handing down 25-year sentence
▼ + stars: | 2024-03-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Sam Bankman-Fried's lawyers claimed that FTX customers had "zero" losses when the exchange collapsed. Had Bankman-Fried held onto the company — and if Ray had listened to his advice rather than spurn him — FTX customers could have gotten their money back quickly, he claimed. In a recent proposal to be approved by the bankruptcy judge, credit would be determined by the value of each customer's assets at the time that FTX filed for bankruptcy. US District Judge Lewis Kaplan and Sam Bankman-Fried. AdvertisementKaplan said that, in any case, Bankman-Fried couldn't be credited for the bankruptcy debtors' work to get FTX customers their money back.

Persons: Sam Bankman, —, Lewis Kaplan, Bankman, Fried, Kaplan, John J, Ray III, Ray, FTX, Ray —, bitcoin, Jane Rosenberg Prosecutors, Nicolas Roos, Fried perjured Organizations: Service, Alameda Research, Alameda, —, Enron, Residential Capital, REUTERS, FTX Locations: Manhattan, FTX, Las Vegas, Delaware

watch nowFTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research. FTX founder Sam Bankman-Fried leaves the U.S. courthouse in New York City on July 26, 2023. Instead, "He's an awkward math nerd" with a "tireless work ethic," said the lawyer, who also compared the FTX founder to "a beautiful puzzle." In this courtroom sketch, FTX founder Sam Bankman-Fried attends his sentencing hearing at federal court in New York City on March 28, 2024. Barbara Fried and Allan Joseph Bankman, parents of FTX co-founder Sam Bankman-Fried, arrive at court in New York on March 28, 2024.

Persons: Sam Bankman, Fried, Lewis Kaplan, Kaplan, FTX, District Judge Lewis Kaplan, Jane Rosenberg, Bankman, convicting, Prosecutors, Amr Alfiky, It's, Marc Mukasey, Torrey Young, Nicolas Roos, scoffed, Roos, Mukasey, Sam, Sunil Kavuri, Damian Williams, Samuel Bankman, " Williams, General Merrick Garland, Joseph Bankman, Barbara Fried, Allan Joseph Bankman, Yuki Iwamura, Caroline Ellison, Nishad Singh, Gary Wang Organizations: Alameda Research, ., U.S, District, Reuters, Republicans, Manhattan U.S, Stanford Law, Bloomberg, Getty, Bankman Locations: Manhattan, New York City, U.S, FTX, Kavuri, New York

☆ How Sam Bankman-Fried's ex-girlfriend and early recruit helped put the FTX founder behind bars for 25 years
▼ + stars: | 2024-03-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +10 min

Yuki Iwamura | Bloomberg | Getty ImagesIn sentencing FTX founder Sam Bankman-Fried to a 25-year prison sentence on Thursday, Judge Lewis Kaplan cited testimony from Caroline Ellison, an ex-girlfriend of the defendant and early recruit into his crypto enterprise. In a Google document from February 2022 shared with the Times, Ellison wrote, "I have been feeling pretty unhappy and overwhelmed with my job. The government presented a series of Signal exchanges involving Bankman-Fried, Ellison, Wang and other top execs. Zoom In Icon Arrows pointing outwards Prosecutors relied heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Prosecutors relied heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.

Persons: Caroline Ellison, Yuki Iwamura, FTX, Sam Bankman, Judge Lewis Kaplan, Kaplan, Ellison, FTX spiraled, Damian Williams, she's, Fried, District Judge Lewis Kaplan, Jane Rosenberg, SBF Ellison, She'd, Michael Lewis, Caroline, Sam, Lewis, Nishad Singh, Gary Wang, Attorney Thane Rehn, Bankman, Binance, Sam Trabucco, Danielle Sassoon, Wang, SDNY Ellison, Um Organizations: Alameda Research, Bloomberg, Getty, Department of Justice, Manhattan U.S, U.S, District, Federal Court, Reuters, Jane, Stanford, Alameda, The New York Times, Times, Attorney, Google, Alameda's Locations: New York, Manhattan, FTX, New York City, Fried, California, Hong Kong, Bahamas, Alameda

☆ Penthouse to prison: Sam Bankman-Fried's journey from crypto king to convicted conman
▼ + stars: | 2024-03-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

Bankman-Fried, the founder and former CEO of failed crypto exchange FTX, will head on Thursday to a federal court in downtown Manhattan, where U.S. District Judge Lewis Kaplan will deliver his sentencing. After a month of personally dabbling in the market, Bankman-Fried launched Alameda Research, named after the California county that housed his first office. The so-called crypto winter of 2022 wiped out hedge funds and lenders across the crypto universe. May of 2022 brought the crash of stablecoin Luna, creating a domino effect that sent crypto prices plunging, devastating other lenders. On Nov. 2, 2022, crypto trade site CoinDesk publicized details of Alameda's balance sheet, which showed $14.6 billion in assets.

Persons: Samuel Bankman, MacKenzie Sigalos, Sam Bankman, Fried, Damian Williams, District Judge Lewis Kaplan, they'd, FTX, Amr Alfiky, Jane Street, Goldman Sachs, stablecoin Luna, Solana, Changpeng Zhao, Binance, Zhao, Jane Rosenberg, he'd, Cromwell, John J, Ray, confidants, — CNBC's Rohan Goswami Organizations: CNBC, Metropolitan Detention, U.S, District, Prosecutors, Reuters, Jane, Alameda Research, Formula, Democratic, Voyager, Alameda, FTX, Industry, Investors, Enron, Securities and Exchange Commission, Stanford University Locations: San Francisco, he's, Brooklyn, Manhattan, U.S, New York City, South Korea, Alameda, California, Miami, Washington, Solana, FTX, New York, Palo Alto , California

☆ FTX's victims may get all their money back. The judge sentencing Sam Bankman-Fried might not care.
▼ + stars: | 2024-03-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Sam Bankman-Fried bilked FTX customers out of over $8 billion, according to prosecutors. AdvertisementAccording to federal prosecutors, Sam Bankman-Fried orchestrated one of the biggest criminal frauds in the history of the world. According to his lawyers, FTX's customers might get all their money back. According to prosecutors, Bankman-Fried was responsible for more than $11 billion in fraud overall between FTX customers and investors in FTX and Alameda Research. The recovered calculations, too, distort how much money customers are actually getting back.

Persons: Sam Bankman, —, Fried, FTX, John J, Ray III, Ray, Lewis Kaplan, Kaplan, Sarah Krissoff, Cozen O'Connor, Krissoff, it's, Sarah Silbiger, Bankman, bitcoin, Rachel Maimin, Lowenstein Sandler, Barbara Fried, Mark Cohen, Jane Rosenberg Bankman, Maiman, Maimin, Caroline Ellison Organizations: Service, FTX, Bankman, Alameda Research, US, United States, Second Circuit, U.S . House Financial, Capitol, Reuters, K5 Global, Prosecutors, Wall, REUTERS, Business, of Prisons, Alemda Research Locations: FTX, Manhattan, New Jersey, New York, Washington , U.S

☆ Ghislaine Maxwell's lawyers to argue for Jeffrey Epstein associate to be freed from prison in long-awaited appeal hearing
▼ + stars: | 2024-03-12 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Ghislaine Maxwell's lawyers are arguing for her release in a federal appeals court. The appeal focuses on a non-prosecution agreement between Jeffrey Epstein and federal prosecutors. A jury in Manhattan federal court found Maxwell guilty on sex-trafficking charges in December 2021, four days after her 60th birthday that Christmas. Alison Nathan, the judge who oversaw Maxwell's trial, sentenced her to 20 years in prison and issued a $750,000 fine. AdvertisementManhattan federal prosecutors have argued they were free from any restrictions set by the deal between Florida's federal prosecutors and Epstein.

Persons: Ghislaine, Jeffrey Epstein, Maxwell, —, Ghislaine Maxwell —, Epstein, Alison Nathan, Nathan, Maxwell weaponized, Epstein —, isn't, Jeffrey Epstein's, Harvey, Rudy Giuliani, John M, Leventhal, Diana Fabi Samson, Maurene Comey, missteps, Scott David, Ghislaine Maxwell, Laura Menninger, Jane, Jane Rosenberg, Joe Biden, Cuban, Virginia Giuffre, JP Morgan Chase, Carolyn Andriano Organizations: Service, disbarment, Justice Department, US Department of Justice, Reuters, US, Appeals, ricochet, Deutsche Bank, US Virgin Islands, Prosecutors Locations: Manhattan, Tallahassee , Florida, New York, Florida, United States, Washington, US Virgin

☆ 'Clean' property, private lenders could be Trump's best option to get $540 million for legal judgments
▼ + stars: | 2024-03-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +6 min

A more important factor could be whether Trump's real estate assets are already mortgaged, said law professor John Coffee. "He would have to come up with clean real estate property that is not already securing something that some other bank has a lien on," Coffee said. Michele Eve Sandberg | AFP | Getty ImagesIn New York City, the value of Trump's real estate holdings totals $690 million, according to a September 2023 estimate by Forbes. New York Attorney General Letitia James, who brought the fraud case, said she would seize Trump's real estate assets if he cannot pay his civil penalty. They instead offered to post a $100 million bond, but New York appeals court Judge Anil Singh rejected the proposal.

Persons: Donald Trump, Justin Sullivan, Trump, Jeff Bezos, Elon Musk, Chris Kise, haven't, Eric Talley, Talley, Alina Habba, Jean Carroll’s, Carroll, Jane Rosenberg, John Coffee, Jones, Michele Eve Sandberg, Letitia James, Anil Singh, Jean Carroll's, Neil Pedersen, Pedersen, Caitlin Ochs Organizations: Fox News, Greenville Convention Center, Getty, Columbia University, Trump, Manhattan Federal, Trump Organization, Trump National Doral, AFP, Forbes, New York, New, Sons, CNBC Locations: Greenville, Greenville , South Carolina, New York, New York City, Trump National Doral Miami, Miami , Florida, York, Manhattan, New York City , New York, U.S

☆ Sam Bankman-Fried's parents are begging a judge to keep him out of prison, warning their son's social awkwardness could put him in 'extreme danger'
▼ + stars: | 2024-02-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Bankman-Fried's lawyers filed a sentencing submission, asking for a prison sentence of no longer than 78 months — or six-and-a-half-years. The US Probation Office, which issues sentencing reports that judges typically rely on, recommended 100 years behind bars — which Bankman-Fried's lawyers called "barbaric." Advertisement"That recommendation is grotesque," Bankman-Fried's lawyers wrote. Sam Bankman-Fried's approach to veganism illustrated both his selflessness and awkwardness, his younger brother, Gabriel Bankman-Fried, wrote in a letter to the judge. In the sentencing submission, Bankman-Fried's lawyers argue that "the most reasonable estimate" for how much his victims lost was "zero."

Persons: —, Sam Bankman, Barbara Fried, Joseph Bankman, Gabriel Bankman, neurodiversity, Sam, Bankman, Lewis Kaplan, Fried, Jane Rosenberg, FTX, Michael M Santiago, Carmine Simpson, Simpson, That's, Gabriel, Seth Wenig, Marc Mukasey, Torrey Young, weren't, Barbara Fried —, John J, Ray III, John Ray Organizations: Service, Business, US, Prosecutors, Alameda Research, Office, Stanford Law, MIT, Wall, of Prisons, San, United, AP Locations: Manhattan, FTX, Brooklyn, Bahamas

☆ Ivanka Trump's spotty memory called 'suspect' by judge in fraud trial verdict, even though she was dismissed from the case
▼ + stars: | 2024-02-16 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +7 min

Justice Arthur Engoron devotes more than a page of his 92-page fraud verdict to Ivanka Trump. In his verdict, Engoron refers to Ivanka Trump's "inconsistent recall," calling it "suspect." AdvertisementAs the Trump fraud trial's only former defendant, Ivanka Trump is long gone from the case. Ivanka Trump and Jared Kushner were together worth an estimated $1 billion during the Trump administration, according to their financial disclosures. AdvertisementA lawyer for Ivanka Trump did not immediately respond to a request for comment on this story.

Persons: Arthur Engoron, Ivanka Trump, Engoron, —, Trump, Letitia James, Donald Trump , Jr, Eric Trump, Donald Trump's, Ivanka, Trump's, Louis Solomon of, Jane Rosenberg, Jared Kushner, Donald Trump, It's Organizations: Service, New, Trump Organization, OAG, Trump Organization . Wharton, Deutsche Bank, Court, REUTERS, Trump National Doral, Post, Trump International, Ivanka Trump, Trump, DC Locations: New York, New, Miami, Chicago, Washington ,, Manhattan, New York City, Ivanka Trump's

☆ In Trump's NY hush-money case, key decisions at his court appearance on Thursday will shape his first felony trial
▼ + stars: | 2024-02-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

Donald Trump returns to court Thursday in his New York hush-money case. The hush-money case is on track to be tried first out of the former president and GOP frontrunner's four felony indictments. AdvertisementCourt officers kept careful watch at Donald Trump's hush-money arraignment in New York. Merchan pushed back on any premature trial-date tinkering in a letter he sent the hush-money defense team in early September. Reuters/Jane RosenbergSquabbling over evidenceThere's been plenty of squabbling over evidence in the past six months, the hush-money case file shows.

Persons: Donald Trump, —, Stormy Daniels, Juan Merchan, Todd Blanche, Susan Necheles, Timothy A, Clary, He'll, Donald Trump's, Andrew Kelly, Trump, it's, Trump's, Merchan, Jane Rosenberg, Bob Woodward, what's, Matthew Colangelo, Colangelo, There's, Attorney Alvin Bragg Organizations: Service, GOP, NY, Trump, Business, Reuters, Manhattan Criminal, New, Manhattan, Attorney, COC, Prosecutors Locations: New York, Manhattan, Florida, Georgia, Brooklyn, New York County

☆ Donald Trump paid more than $2.3 million in donor money to law firms helping Ivanka Trump with her legal problems last year
▼ + stars: | 2024-02-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

In 2023, Save America disbursed a total of $1,303,667.11 to the law firm Troutman Pepper Hamilton Sanders, and $1,042,479 to the firm Kellogg, Hansen, Todd, Figel, & Frederick. AdvertisementBoth firms represented Ivanka Trump in New York Attorney General Letitia James's sprawling lawsuit against the Trump Organization, Donald Trump, his three eldest children, and several executives over its finances. Clifford S. Robert and Michael Farina of Robert & Robert served as their local counsel while also defending Eric Trump and Donald Trump, Jr. in the litigation. Kellogg and Figel withdrew from representing Ivanka Trump the following month as the case moved closer to trial. Ivanka Trump didn't respond to a request for comment.

Persons: —, Donald Trump, Ivanka Trump, Robert, — Ivanka Trump, Eric Trump, Donald Trump , Jr, Trump, He's, Robert Maguire, Maguire, Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick, Ivanka, Letitia James's, Michael K, Kellogg Hansen, Reid M, Clifford S, Michael Farina, Farina, Lev Radin, Troutman Pepper, Bennett S, Moskowitz, Jeffrey Epstein's, Ketan D, Bhirud, Trump's, Arthur Engoron, Jane Rosenberg, wasn't, Moskowitz —, general's, Michael Cohen, Jared Kushner, Amalija Knavs, Robert didn't, It's, Kushner Organizations: Service, Save America PAC, Commission, Business, PAC, Trump Organization, Save, Trump, Citizens, Election Defense Fund, Ivanka Trump, New York, Pacific Press, Getty, Ivanka Trump's, New, Trump's Save America PAC, Court, REUTERS, America, MAGA PAC, Republican Locations: Washington, New, New York, DC, Manhattan, New York City, U.S, Florida, Palm Beach , Florida

☆ Trump claimed his E. Jean Carroll defamations were the best thing that ever happened to her. Here's how the grotesque tactic met its end.
▼ + stars: | 2024-01-28 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

AdvertisementE. Jean Carroll surrounded by her defense team after winning an $83 million defamation verdict against Donald Trump. That's because "such benefits are irrelevant as a matter of law," Carroll attorney Joshua Matz wrote to Judge Kaplan. Donald Trump attends the E. Jean Carroll defamation trial in New York with attorney Alina Habba. Carroll attorney Joshua Matz thought not. In her closing arguments, Habba, Trump's lead attorney, argued that Carroll "is a woman who was exuberant and enjoying newfound attention."

Persons: —, Donald Trump, Jean Carroll, — hasn't, Carroll, Brendan McDermid, Kathy Griffin, Alina Habba, Habba, Alyssa Milano, Jamie Lee Curtis, Rob Reiner, she'd, I've, Lewis Kaplan, Trump, Kaplan, deducting, Freeman, Giuliani, Rudy Giuliani, — Ruby Freeman, Wandrea, Moss —, Joshua Matz, Judge Kaplan, Gross, Jane Rosenberg, Michael Madaio, Madaio, Lewis Kaplan Jane Rosenberg, Matz, " Matz, he'd, There'd, Seth Wenig, Roberta Kaplan —, Donald Trump's, she's, Trump's, Jean Carroll's, Carroll's, Shawn Crowley Organizations: Service, Business, Carroll, US, Trump, Trump haters, Reuters Locations: Florida, York, Manhattan, Georgia, New York, United States

Donald Trump testifies on January 25, in this courtroom sketch. Jane Rosenberg/ReutersDonald Trump returned to a Manhattan federal courthouse on Thursday where he took the stand for what was ultimately less than five minutes — including multiple admonishments from Judge Lewis Kaplan — as he seeks to avoid a multimillion-dollar jury verdict against him in the civil defamation trial. The trial centers on Trump’s 2019 comments about E. Jean Carroll, the writer who last year won a civil verdict over her claim Trump sexually assaulted her in the mid-1990s and then defamed her when she first publicly accused him. Carroll is seeking at least $10 million. Closing arguments are scheduled for Friday morning and the jury of nine could have the case by lunchtime.

Persons: Donald Trump, Jane Rosenberg, Reuters Donald Trump, Lewis Kaplan —, Jean Carroll, Trump, Carroll Organizations: Reuters Locations: Manhattan

☆ Trump plans to testify in E. Jean Carroll's trial. His only move would be to apologize and beg for forgiveness, experts say.
▼ + stars: | 2024-01-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

On Monday, Trump's attorney Alina Habba said he intends to take the witness stand in his defense. Trump's two driving impulses — to fight the system and to take the witness stand — will create the judicial equivalent of a car wreck, experts told Business Insider. Alternatively, Trump can get on the witness stand and "try to testify in a narrative fashion," Jones said. Carroll's trial does have a jury, making it harder to "unring that bell" of forbidden testimony, Jones said. Or wager that he'll inflict wounds on himself by taking the witness stand?

Persons: —, Jean Carroll, Donald Trump, Trump, defaming Carroll, Carroll, Carroll —, Alina Habba, John Jones, Jilting, MAGA, Jones, " Jones, Lewis Kaplan, — Trump, aren't, Carol Martin, Carroll's, Mary Altaffer Trump, Habba, Chris Mattei, Alex Jones, Sandy Hook, " Mattei, Kaplan, Arthur Engoron, Michael M, Engoron, Will, he's, he'll, Elle, Jane Rosenberg, Mattei, they'll, Rudy Giuliani's, Giuliani, it's, Forbes Organizations: Service, Business, Dickinson College, AP, Trump, New York Attorney, New, US Justice Department, Getty, REUTERS, Republican Locations: Manhattan, Pennsylvania, Florida, Georgia

☆ Jury picked for Trump sex attack defamation trial with E. Jean Carroll
▼ + stars: | 2024-01-16 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Former President Donald Trump, center, departs Trump Tower in New York on Jan. 16, 2024. David Dee Delgado | Bloomberg | Getty ImagesA jury was selected Tuesday at the New York civil trial for the sex assault defamation lawsuit by writer E. Jean Carroll against former President Donald Trump. Opening arguments in the trial in Manhattan federal court are set to begin later Tuesday afternoon. Former U.S. President Donald Trump and E. Jean Carroll attend jury selection in the second civil trial after Carroll accused Trump of raping her decades ago, at Manhattan Federal Court in New York City, U.S., January 16, 2024 in this courtroom sketch. E. Jean Carroll arrives for her defamation trial against Former President Donald Trump at New York Federal Court in New York City on Jan. 16, 2024.

Persons: Donald Trump, David Dee Delgado, E, Jean Carroll, Trump, Carroll, Jane Rosenberg, Ivanka Trump, Roberta Kaplan, Joe Biden, Judge Lewis Kaplan, Michael M, Judge Kaplan Organizations: Trump, Bloomberg, Getty, New, Iowa Republican, Former U.S, Manhattan Federal, Reuters, Federal, Santiago Locations: New York, Manhattan, Iowa, New York City, U.S

☆ Trump has laid the groundwork for a US Supreme Court challenge in his NY civil fraud case: experts
▼ + stars: | 2024-01-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

On their way to the US Supreme Court, Trump's lawyers would first need to exhaust their New York state appellate options. AdvertisementNew York Supreme Court Justice Arthur Engoron presided over closing arguments in the Trump civil fraud trial. Shannon Stapleton/ReutersThrowing the case to the US Supreme Court could, at the least, delay the imposition of penalties, Scholl said. It's unlikely the US Supreme Court would throw out New York's executive law in its entirety, he predicted. But the court could quite possibly pare back, at least in Trump's case, its most severe penalties.

Persons: —, Donald Trump, Letitia James's, Trump, Shannon Stapleton, SCOTUS, Marc Frazier Scholl, Trump's, Scholl, Lewis Baach Kaufmann Middlemiss, Jane Rosenberg, it's, James, Arthur Engoron, pare, Letitia James, Christopher Kise, Donald Trump's, Kise, Alina Habba, Clifford Robert . Pool, Adam S, Kaufmann, There's, President Trump Organizations: Service, York, New York, Trump, Business, Court, Reuters, Manhattan, Attorney's, New, Appeals, Trump Organization, US, Fifth Locations: Manhattan, New York, York, Florida

☆ At Trump's NY fraud trial, a rep for 'victim' Deutsche Bank wouldn't use the F-word — for fraud
▼ + stars: | 2023-11-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Trump's civil fraud trial, which could run him and Trump Org out of NY, is in its ninth week. A rep for Trump's biggest "victim," Deutsche Bank, testified Tuesday as an unlikely defense witness. AdvertisementDonald Trump's defense team tried to turn the tables at his civil fraud trial on Tuesday — calling a representative from his own biggest fraud victim, Deutsche Bank, to the witness stand in his defense. "We're expected to conduct due diligence and verify the information provided to the extent that's possible," the witness, Dave Williams, a Deutsche Bank managing director, told Trump's attorney Clifford Robert. Undaunted, Trump's side plans to continue Wednesday with direct examination of yet another Deutsche Bank official.

Persons: —, Donald Trump's, Trump, Letitia James, Dave Williams, Clifford Robert, Trump's, Williams, Sherief Gaber, Gaber, Arthur Engoron, Christopher Kise Jane Rosenberg, Christopher Kise, Kise, Kevin Wallace, general's, Eric Trump, Donald Trump Organizations: Trump Org, Deutsche Bank, Service, Trump, New, Trump Organization, Reuters Locations: NY, Miami, Chicago, Washington , DC, New York

☆ Trump will be final defense witness at New York fraud trial, lawyer says
▼ + stars: | 2023-11-27 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Trump will be the final witness for the defense on Dec. 11, in the trial brought by New York Attorney General Letitia James, accusing him and his co-defendants of falsely inflating Trump's assets for financial gain. Trump's adult son and co-defendant Eric Trump is scheduled to testify Dec. 6, defense attorney Christopher Kise said. Trump Sr., Eric Trump and Donald Trump Jr. denied wrongdoing when they were previously questioned on the witness stand by lawyers for the state. But that shift "cannot be ascribed to President Trump's re-posting of a photograph the Principal Law Clerk herself first published," they argued. Charles Hollon, an officer in the Judicial Threats Assessment Unit of the New York Court System's Department of Public Safety.

Persons: Donald Trump, Judge Arthur F, Jane Rosenberg, Trump, Letitia James, Eric Trump, Christopher Kise, Donald Trump Jr, James, Arthur Engoron, Allison Greenfield, Engoron, Trump's, Greenfield's, Charles Hollon, Greenfield, Chuck Schumer, Hollon, voicemails Organizations: U.S, Trump Organization, Court, Reuters, New York, Manhattan, New, Court System's Department of Public Locations: New York, Manhattan, New York City, U.S

Nov 13 (Reuters) - Donald Trump Jr. testified on Monday about what he called the "sexiness" of his father's real estate portfolio, in his second time taking the stand in the former U.S. president's civil fraud trial. Donald Jr. said the "sexiness" of his father's real estate projects attracted licensing deals with other developers who wanted to emulate his style. "Let him go ahead and talk about how great the Trump Organization is," said Engoron, who has defended himself during the trial from allegations of bias from Trump and his lawyers. Donald Jr., Eric and Ivanka Trump said they were not involved in preparing their father's financial statements and left bookkeeping at the Trump Organization to accountants. Engoron has ordered the dissolution of companies that control pillars of Trump's real estate portfolio, including Trump Tower in Manhattan.

Persons: Donald Trump Jr, Donald Trump, Letitia James, Trump, Clifford Robert, Donald Jr, James, Arthur Engoron, Engoron, Colleen Faherty, Jane Rosenberg, Eric Trump, Ivanka Trump, Eric, Joe Biden, Jack Queen, Noeleen Walder, Daniel Wallis, Nick Zieminski, Jonathan Oatis Organizations: New York, Trump, Trump Organization, Court, REUTERS, Democratic, Republican, Thomson Locations: U.S, Manhattan, Hawaii, New York, New York City

☆ Ivanka Trump testifies in $250 million civil fraud trial after ex-president's angry appearance
▼ + stars: | 2023-11-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

Ivanka Trump arrives for the civil fraud trial of her father former President Donald Trump at New York State Supreme Court on November 08, 2023 in New York City. Michael M. Santiago | Getty ImagesIvanka Trump, the eldest daughter of former President Donald Trump, began testifying Wednesday in the $250 million civil fraud trial that threatens her family's business empire. James accuses Trump Sr., Donald Trump Jr., Eric Trump and others of falsely inflating asset values to get tax benefits and other financial perks. The AG said she expects Ivanka "will do all that she can to separate herself" from the Trump Organization during her testimony. Engoron on Oct. 27 ordered Ivanka Trump to comply with subpoenas for her testimony without any limitations.

Persons: Ivanka Trump, Donald Trump, Michael M, Letitia James, James, Trump, Donald Trump Jr, Eric Trump, Timothy A, Clary, Ivanka, Arthur Engoron, She, Kevin Dietsch, Engoron, Donald Trump's, Jane Rosenberg Organizations: New York, Court, Santiago, Getty, Trump Organization, New York . New York, Manhattan, Post, D.C, Trump, Trump International, Waldorf, Deutsche Bank, Trump Jr, U.S Locations: New York City, New, New York ., Ivanka Trump, York, New York, Trump's Washington, Trump Doral, Washington ,, Manhattan, U.S

☆ In pictures: Trump takes the stand at NY fraud trial
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: 1 min

[7/13]Former U.S. President Donald Trump is questioned by Kevin Wallace of the New York Attorney General's Office, during the Trump Organization civil fraud trial before Judge Arthur Engoron in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 6, in this courtroom sketch. REUTERS/Jane RosenbergNEW YORK, NY, UNITED STATES

Persons: Donald Trump, Kevin Wallace, Arthur Engoron, Jane Rosenberg Organizations: U.S, New York, Trump Organization, Court, REUTERS, UNITED STATES Locations: New York, Manhattan, New York City, U.S

☆ Starbursts, smuggled coffee and Martin Shkreli: How CNBC reported the Sam Bankman-Fried trial
▼ + stars: | 2023-11-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

Artist: Elizabeth WilliamsJust before 8 p.m. on Thursday, 12 jurors found Sam Bankman-Fried guilty of all seven counts against him. (CNBC put out a note requesting access ahead of the trial — an email which was ultimately ignored.) Every exit to file a report included another breakneck trip through security, in a sort of run, rinse, repeat cycle — security, courtroom, exit, photographer's car to file, back up through security, over and over again. CNBC correspondent MacKenzie Sigalos reporting on the Sam Bankman-Fried trial from outside the SDNY courthouse at 500 Pearl Street in downtown Manhattan. Around 8:02 p.m., Bankman-Fried, speechless, began to walk to a room just adjacent to the main court.

Persons: Sam Bankman, Elizabeth Williams, Fried, MacKenzie Sigalos, Dan Mangan, Martin Shkreli, Andrew Ross Sorkin, Michael Lewis, Lewis, Indiana Jones, Ben McKenzie, McKenzie, Damian Williams, They'd, Danielle Sassoon, Jane Rosenberg, Joe Bankman, Barbara Fried, Joseph Bankman, Brendan Mcdermid, gaunt, Kaplan, Bankman, Mark Cohen, Judge Kaplan, blankly, Christian Everdell, Cohen Organizations: Alameda Research, Southern, of, CNBC, Auburn University totebag, Capitalism, U.S, Federal Court Locations: of New York, San Francisco, Vegas, Georgia, Manhattan, Indiana, New York City, U.S

☆ Breakingviews: SBF’s guilty verdict will help crypto break free
▼ + stars: | 2023-11-03 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +4 min

REUTERS/Jane Rosenberg Acquire Licensing RightsNEW YORK, Nov 2 (Reuters Breakingviews) - Just over a year ago, Sam Bankman-Fried might have been counting his large stash of virtual coins. A Manhattan jury on Thursday convicted the FTX founder of seven counts related to crimes he committed at the helm of the now-bankrupt cryptocurrency exchange. With some $8 billion in customer funds stolen, his misdeeds will go down as one of the biggest financial frauds on record. To be sure, the speculative bubble in crypto would probably have deflated even without Bankman-Fried. The bankrupt exchange is also negotiating with three bidders to help it relaunch trading services, Bloomberg reported last month.

Persons: Lewis Kaplan, Sam Bankman, Fried, Jane Rosenberg, FTX, John J, Ray III, Nicolas Roos, Peter Thal Larsen, Thomas Shum Organizations: REUTERS, Reuters, Galaxy Digital, Three, BlackRock, Bloomberg, Thomson Locations: New York City, U.S, Manhattan

☆ Who is former crypto king Sam Bankman-Fried?
▼ + stars: | 2023-11-03 | by ( Samantha Delouya | Allison Morrow | ) edition.cnn.com time to read: +9 min

New York (CNN) — Sam Bankman-Fried, once known as a cryptocurrency whiz kid, was found guilty on Thursday for his role in the collapse of the cryptocurrency exchange FTX. His entrepreneurial drive didn’t stop there: In 2019, Bankman-Fried co-founded cryptocurrency exchange FTX and became its CEO. In December 2022, Bankman-Fried was arrested in the Bahamas after US prosecutors filed criminal charges against him. Jane Rosenberg/ReutersBankman-Fried was found guilty of stealing billions of dollars from accounts belonging to customers of his once-high-flying crypto exchange FTX. Immediately following FTX’s crash, crypto exchange Gemini, which was founded by Cameron and Tyler Winklevoss, froze customer redemptions in its lending unit, citing market turmoil.

Persons: — Sam Bankman, FTX, Jane Street, ”, Fried, “, …, ” Sam Bankman, Erika P, Rodriguez, Jane, Caroline Ellison, Binance, Sam Bankman, Danielle Sassoon, District Judge Lewis Kaplan, Jane Rosenberg, Joe Bankman, Barbara Fried, Bankman, Allan Joseph Bankman, Yuki Iwamura, Samuel Bankman, Saul Loeb, ingratiated, Tom Brady, Stephen Curry, Naomi Osaka, Larry David, Cameron, Tyler Winklevoss Organizations: CNN, Jane, Capital, MIT, Alameda Research, Chicago Tribune, Tribune, Service, SoftBank, U.S, District, Reuters, Bloomberg, Royal Bahamas Police Force, Billionaire, Stanford, FTX, Getty, Democratic Party, Federal, Commission, Republican, Agriculture, Nutrition, Forestry, Miami Heat, ”, New Locations: York, Alameda, North Berkeley , California, Nassau, Bahamas, BlackRock, Bankman, Hong Kong, United States, FTT, New York City, U.S, FTX, New York, Washington ,

☆ Here are the emails, texts and photos that could put Sam Bankman-Fried in prison for life
▼ + stars: | 2023-11-02 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried.

Persons: Sam Bankman, Fried, FTX, Renato Mariotti, Bryan Cave Leighton, Caroline Ellison, —, Alameda —, Ryan Pinder, Rob Creamer, didn't, Ellison, he'd, HOOD, they'll, FTX's, Sun, Bankman, Stephen Curry, Tom Brady, Giselle Bundchen, Larry David, Nishad Singh, Michael Kives, Bryan Baum, Hillary Clinton, Katy Perry, Orlando Bloom, Leonardo DiCaprio, Kris, Kylie Jenner, SDNY Singh, Baum, Drappi, Jane Rosenberg, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Ryan Salame, Changpeng Zhao, Michael Lewis, Singh, Lewis Organizations: U.S . Justice Department's Securities, Commodities, Lawyers, U.S, Alameda Research, Alameda, Geneva Trading, FIA, Traders Group, Wall Street Journal, Google, shuttering, Prosecutors, NBA, Major League Baseball, K5, Federal Court Locations: Chicago, Bahamas, Bankman, Alameda, FTX, shuttering Alameda, Hong Kong, New York City, U.S, Sequoia, Alameda's

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