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☆ Rep. Lauren Boebert is officially divorced after tense hearing where the congresswoman rejected a judge's plan for $1800 a month child support
▼ + stars: | 2023-10-10 | by ( Brent D. Griffiths | Evan Linko | ) www.businessinsider.com time to read: +4 min

Rep. Lauren Boebert is now officially divorced from her husband Jayson. AdvertisementAdvertisementGRAND JUNCTION, Colo. – Republican Rep. Lauren Boebert on Tuesday finalized her divorce with her now ex-husband Jayson Boebert. As for her kids, Boebert's lawyer, Annie Le Fleur, announced that the initial plan for $1833.43 would be reduced to nothing. The congresswoman will not be changing her name, Boebert's lawyer said at the hearing. Republican Rep. Lauren Boebert of Colorado carries her grandson next to her lawyer, Annie Le Fleur, in a Colorado court.

Persons: Lauren Boebert, Jayson, Boebert, —, Jayson Boebert, Katherine Barnes, Annie Le Fleur, Le Fleur, Evan Linko, Lauren, Kevin McCarthy, Matt Gaetz's, McCarthy, Marjorie Taylor Greene, Greene, Joe Biden, Adam Frisch Organizations: Service, – Republican, Mazda, The Colorado Republican, Capitol Hill, Republican, Daily Mail, Caucus, Georgia Republican Locations: Colo, Mesa County, Colorado, Denver, Washington, Florida, Georgia

☆ Sam Bankman-Fried's ex-girlfriend set to take stand as fraud trial's star witness
▼ + stars: | 2023-10-10 | 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: +4 min

REUTERS/Eduardo Munoz//File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW YORK, Oct 10 (Reuters) - Sam Bankman-Fried's fraud trial is set to resume on Tuesday with testimony from his former colleagues at the now-bankrupt FTX cryptocurrency exchange, including his onetime girlfriend Caroline Ellison. Prosecutors said last week they planned to call Ellison, the former co-chief executive officer of Bankman-Fried's Alameda Research hedge fund, to take the stand once Wang finishes his testimony. U.S. District Judge Lewis Kaplan said that likely amounted to witness-tampering, and on Aug. 11 revoked Bankman-Fried's bail. A third former member of Bankman-Fried's inner circle, ex-FTX engineering chief Nishad Singh, is also expected to testify at trial. Reporting by Luc Cohen and Jody Godoy in New York; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Gary Wang, Prosecutors, Ellison, Wang, Ellison's, Fried, District Judge Lewis Kaplan, Nishad Singh, FTX, Christian Everdell, Mark Cohen, Luc Cohen, Jody Godoy, Noeleen Walder, Matthew Lewis Organizations: REUTERS, Alameda Research, New York Times, U.S, District, Brooklyn's Metropolitan Detention Center, Bankman, Alameda, Thomson Locations: New York, U.S, Alameda, Brooklyn's, Manhattan, Washington ,

Republican U.S. Senate candidate Don Blankenship speaks to his supporters during the primary election in Charleston, West Virginia, U.S., May 8, 2018. In his appeal to the Supreme Court, Blankenship's lawyers said that the media is now dominated by a few giant corporations that seek profits ahead of public service. The Supreme Court previously rejected Blankenship's appeals seeking to overturn his conviction. Thomas in 2019 took aim at the 1964 defamation precedent in an opinion he wrote when the court refused to consider reviving a defamation lawsuit against Bill Cosby. Thomas added that defamation law was historically a matter for the states, and should remain that way.

Persons: Don Blankenship, Lexi Browning, Donald Blankenship's, Blankenship, Sullivan, Clarence Thomas, Thomas, Neil Gorsuch, Joe Manchin, Blankenship's, Bill Cosby, Andrew Chung, Will Dunham Organizations: Republican U.S, Senate, REUTERS, U.S, Supreme, Massey Energy, Fox News, MSNBC, U.S . Senate, New York Times, Conservative, Republican, Democratic, Washington Post, Boston Globe, Circuit, Big Branch, Thomson Locations: Charleston , West Virginia, U.S, West Virginia, Richmond , Virginia, Massey's

Medical instruments are sterilized following a surgical abortion at Trust Women clinic in Oklahoma City, U.S., December 6, 2021. Circuit Court of Appeals last month allowed the state to enforce its ban, reversing a lower court order that had partially blocked it. Idaho in 2020 passed a so-called "trigger" law that would go into effect and ban abortion if the U.S. Supreme Court overturned Roe v. Wade, the landmark decision that had established a right to abortion nationwide. The law includes a narrow exception for abortions that are necessary to prevent the mother's deathThe Supreme Court overturned Roe in June 2022. It also said that any conflict had been eliminated since Hendrix's decision because the state legislature and state Supreme Court had since clarified the law.

Persons: Evelyn Hockstein, Biden, Donald Trump, Raul Labrador, Roe, Wade, Joe Biden's, James Wesley Hendrix, Brendan Pierson, Alexia Garamfalvi, Jonathan Oatis Organizations: Trust Women, REUTERS, Circuit, Republican, Democratic, U.S . Department of Justice, U.S, Supreme, Idaho, Labor, District, Thomson Locations: Oklahoma City , U.S, San Francisco, Idaho, U.S, New York

☆ Sam Bankman-Fried's fraud trial: How Judge Lewis Kaplan has presided in FTX case
▼ + stars: | 2023-10-09 | 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: +4 min

[1/2] U.S. District Judge Lewis Kaplan presides over the fraud trial of Sam Bankman-Fried over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 3, 2023 in this courtroom sketch. Last year, he presided over a civil trial in which the actor Kevin Spacey defeated a sexual abuse claim. When one prospective juror said they did not understand how cryptocurrency works, Kaplan said, "You probably have a lot of company in this courtroom." Several times during the first three days of testimony, Kaplan urged defense lawyers to move more quickly as they asked prosecution witnesses questions he deemed repetitive. Before the trial began, Kaplan issued several key rulings against the defense, including excluding some of their proposed expert witnesses and barring them from making certain arguments at trial.

Persons: District Judge Lewis Kaplan, Sam Bankman, Jane Rosenberg, District Judge Lewis, levity, Kaplan, Fried, Bill Clinton, Donald Trump, Jean Carroll, Kevin Spacey, Tom Brady, David Lisner, Matt Huang, You've, Caroline Ellison's, Luc Cohen, Amy Stevens, Lisa Shumaker Organizations: U.S, District, Federal Court, REUTERS, Harvard Law School, New, Thomson Locations: FTX, New York City, U.S, Manhattan, Staten, New York

☆ Opinion: Why I risk death to run with the bulls
▼ + stars: | 2023-10-08 | by ( Stuart Ross | Opinion Bill Hillmann | ) edition.cnn.com time to read: +8 min

CNN —On July 11, 2014, I was running with a bull in Pamplona, Spain. The story is a fascinating adventure into the Fiesta de San Fermín, also known as The Running of the Bulls in Pamplona. By the time I finished reading that novel, I decided I would go to Spain and run with the bulls and I would become a writer. So I began to run with Lecuona, David Rodríguez, Aitor Arístegui and others leading bulls up the streets. Participants run ahead of bulls during the "encierro" (bull-run) of the San Fermín festival in Pamplona, northern Spain, on July 14, 2023.

Persons: Bill Hillmann, CNN —, Victoriano del, swooped, gored, Michael Hemingway, Michael, Ernest Hemingway, “, ”, Jake Barnes, Hemingway, Toro Bravo, I’ve, Graeme Galloway, Joe Distler, Juan Pedro Lecuona, David Rodríguez, Aitor Arístegui, it’s, John Hemingway, Miguel Riopa, goring, Antonio Subies, Castilla y, Paula Andión Zabalza, Paula, Fernando Zabalza, Fernando Organizations: East, West University, NPR, The Toronto Star, Washington Post, The Daily Mail, CNN, Fiesta, Bulls, Spanish, las Fiestas, Castilla, Castilla y León Locations: Chicago, Pamplona, Spain, Victoriano del Río, Fermín, AFP, San, Valencia, San Fermín, Madrid, Navarra, Tafalla

The retiring star was honored by club team OL Reign on Friday night in front of a National Women's Soccer League record crowd of 34,130 fans, many of whom wore pink wigs in her honor. Rapinoe had already played her final match with the U.S. national team last month in Chicago, but Friday marked her final regular-season home game for the Reign. The 38-year-old Rapinoe has played in 114 regular-season games for the Reign and scored 49 goals. “And she's really embraced her role with her full authentic self.”Rapinoe is also known for her social justice activism. She led the national team's long fight for equal pay with the men’s national team, which started with an EEOC complaint in 2016.

Persons: Megan Rapinoe, “, ”, Sue Bird, Rapinoe, Lumen, Lauren Barnes, Abby Wambach, Ken Griffey Jr, Magic Johnson, Billie Jean King, isn't, —, Ballon, Jessica Berman, ” Berman, Colin Kaepernick Organizations: SEATTLE, Women's Soccer League, Washington, U.S ., Chicago Red Stars, Orlando Pride, FIFA, men’s, U.S, Soccer, NFL Locations: Chicago, Australia, New Zealand, France, Netherlands, U.S

REUTERS/Paul Ratje/File Photo Acquire Licensing RightsOct 6 (Reuters) - A New Mexico judge on Friday rejected a Republican challenge to the state's Democratic-drawn congressional lines, improving the odds Democrats will maintain their hold on all three of the state's districts in next year's election. The Republican state party, which brought the lawsuit, said it would appeal the decision with the New Mexico Supreme Court. "The legislature intended to and, in fact, did egregiously gerrymander the congressional maps," said state Republican party chairman Steve Pearce in a statement. Earlier this week, a federal court approved new congressional lines for Alabama after finding a Republican-created map illegally hurt Black voters. The U.S. Supreme Court is scheduled to hear arguments next week over whether South Carolina's Republican-drawn congressional map unlawfully diluted the power of Black voters.

Persons: Paul Ratje, Fred Van Soelen, Gabe Vasquez, Van Soelen, egregiously, Steve Pearce, Joseph Ax, Andrew Hay, Colleen Jenkins, David Gregorio, Chris Reese Organizations: Center, REUTERS, Republican, Democratic, U.S . House, Judicial, District, Democrat, Democrats, New, New Mexico Supreme, The U.S, Supreme, South Carolina's Republican, Thomson Locations: Dona Ana, Las Cruces , New Mexico, U.S, Mexico, New Mexico, Alabama, The

"Assets were not fine, because FTX did not have enough assets for customer withdrawals." On Friday, Wang testified that on Nov. 6, 2022, FTX executive Nishad Singh knocked on his door and told him customers were trying to withdraw their money faster than FTX could process the transactions. He said no other FTX users had those special privileges, which the exchange did not disclose to its investors or customers. After FTX declared bankruptcy on Nov. 11, 2022, Wang testified that at Bankman-Fried's direction, he turned over some remaining FTX customer assets to the Bahamas, where FTX was based. Wang said Bankman-Fried said liquidators and regulators there were more amenable to letting him stay in charge of FTX.

Persons: Sam Bankman, Fried, Nicolas Roos, Gary Wang, Jane Rosenberg, FTX, Wang, FTX's, Nishad Singh, CoinDesk, Bankman, WANG, District Judge Lewis Kaplan, Christian Everdell, Caroline Ellison, Alameda's, Mark Cohen, Sam, Jody Godoy, Luc Cohen, David Gregorio, Nick Zieminski, Matthew Lewis Organizations: U.S, Federal Court, REUTERS, Alameda Research, Washington , D.C, District, Bankman, Thomson Locations: FTX, New York City, U.S, Manhattan, Washington ,, Alameda, Bahamas, Fried, United States, New York

Perkins Coie, a more than 1,200-lawyer firm founded in Seattle, on Friday said it had expanded the applicant pool for its diversity fellowship program to all law students, not just members of "historically underrepresented" groups. It did so after a group founded by affirmative action foe Edward Blum filed lawsuits against it and another large law firm, Morrison & Foerster, alleging their diversity fellowships unlawfully excluded certain people based on their race. The paid fellowships were designed in part to help support the recruitment of people of color, which major law firms have struggled for years to add to their partnership ranks. In the lawsuit against Perkins Coie, Blum's American Alliance for Equal Rights took aim at a diversity fellowship the firm created in 1991 to support law students from groups "historically underrepresented in the legal profession." Those accepted can receive stipends of $15,000 and paid positions as summer associates, a position that at major law firms can lead to full-time jobs.

Persons: Edward Blum, Perkins, Perkins Coie, Morrison, Foerster, Blum, Fellows, Nate Raymond, Alexia Garamfalvi, Peter Graff Organizations: U.S, Supreme, Harvard University, University of North, Harvard, Saturday, American Alliance for Equal Rights, Thomson Locations: University of North Carolina, Washington , U.S, Seattle, Dallas , Texas, Boston

Sam Bankman-Fried watches as Assistant U.S. Attorney Thane Rehn makes his opening remark in Bankman-Fried's fraud trial over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 4, 2023 in this courtroom sketch. REUTERS/Jane Rosenberg/File Photo Acquire Licensing RightsNEW YORK, Oct 6 (Reuters) - Sam Bankman-Fried's fraud trial kicked off this week, nearly a year after the FTX cryptocurrency exchange he founded declared bankruptcy in a collapse that shocked markets and left the 31-year-old wunderkind's reputation in tatters. Bankman-Fried has pleaded not guilty to charges of stealing billions of dollars in customer funds to prop up his crypto-focused hedge fund, Alameda Research. "Sam and his colleagues were building the plane as they were flying it," Cohen said in his opening statement on Wednesday. "The conversation began with me bringing up the large debt owed by Alameda to FTX and asking something like, 'are things OK?'"

Persons: Sam Bankman, Attorney Thane Rehn, Jane Rosenberg, Fried, Rehn, Mark Cohen, Sam, Cohen, Adam Yedidia, Fried's, Yedidia, Matt Huang, Huang, Gary Huang, Wang, Luc Cohen, Matthew Lewis Organizations: U.S, Attorney, Federal Court, REUTERS, Alameda Research, Manhattan U.S, ALAMEDA, Paradigm, Thomson Locations: Bankman, FTX, New York City, U.S, Thane, Alameda, New York

Wang, 30, is one of three FTX insiders who have pleaded guilty to fraud charges and entered a cooperation agreement with the government. Wang testified on Thursday that while at FTX, he created software code at the direction of Bankman-Fried that gave "special privileges" to Alameda, allowing it to withdraw unlimited funds. While Wang is the first cooperator to take the stand, jurors have so far heard from three other witnesses. He said Bankman-Fried appeared worried and told him the companies were "not bulletproof" as they had been the year before. Zac Prince, the founder of crypto lender BlockFi, is among the witnesses expected to testify after Wang finishes when the trial resumes next Tuesday.

Persons: Sam Bankman, Eduardo Munoz, Gary Wang, Wang, Fried, FTX, Matt Huang, Adam Yedidia, Zac Prince, Jody Godoy, David Gregorio Our Organizations: REUTERS, Alameda Research, Prosecutors, Alameda, Thomson Locations: New York, U.S, Alameda, FTX

Former U.S. President Donald Trump looks on during a break at a Manhattan courthouse as he attends trial in a civil fraud case brought by state Attorney General Letitia James against him, his adult sons, the Trump Organization and others in New York City, U.S., October 4, 2023. Trump, the frontrunner for the 2024 Republican presidential nomination, has denied wrongdoing and said the case is part of a political witch hunt. James is seeking at least $250 million in fines, a permanent ban against Trump and his sons Donald Jr and Eric from running businesses in New York and a five-year commercial real estate ban against Trump and the Trump Organization. Trump, who attended the first three days of trial in Manhattan earlier this week, has said he will testify. While this is a civil case, Trump faces other major legal challenges that have been a financial drain and made him the first sitting or former U.S. president to be criminally charged.

Persons: Donald Trump, Letitia James, Mike Segar, Donald Trump’s, Arthur Engoron, Trump, Trump's, Christopher Kise, James, Donald Jr, Eric, Jack Queen, Bill Berkrot Organizations: U.S, Trump Organization, REUTERS, West, New York, Trump, Thomson Locations: Manhattan, New York City, U.S, York, New York, Washington, Georgia, Florida

Ahmad Al Aliwi Alissa, suspect of the King Soopers grocery store shooting, appears in a Boulder County District courtroom at the Boulder County Justice Center in Boulder, Colorado, U.S. May 25, 2021. Still, the judge asked that Alissa remain in the custody of the state hospital where he has been confined for the past two years. Bakke agreed with prosecutors that Alissa, 24, stands a better chance of avoiding regression if he stays hospitalized than if he were returned to jail to await trial. That testimony marked the first indication of a motive for the shooting offered in the case in open court. Authorities said the murder weapon in the Boulder attack, a Ruger AR-556 pistol that resembles a semi-automatic rifle, was purchased by Alissa six days before the grocery store shooting spree.

Persons: Ahmad Al Aliwi Alissa, King, Matthew Jonas, Ingrid Bakke, Alissa, Bakke, Kathryn Herold, Loandra Torres, fidgety, Keith Coffman, Steve Gorman, Matthew Lewis, Chris Reese Organizations: Boulder County Justice Center, REUTERS, Colorado Mental Health, The Colorado Department of Human Services, Authorities, Ruger, Thomson Locations: Boulder County, Boulder, Boulder , Colorado, U.S, Colorado, Denver, Atlanta

Below is a list of Musk's legal entanglements. The SEC had said in May 2022 that it was looking into Musk's disclosures about his stake in company. $56 BILLION TESLA COMPENSATION LAWSUITA ruling is also expected soon following a non-jury trial challenging Musk's $56 billion pay at Tesla. EMPLOYMENT DISPUTESMusk's major companies Tesla, SpaceX and the X social media platform are embroiled in several legal disputes alleging age, gender or race-based discrimination. LAWSUITS SPARKED BY MUSK'S TWEETSMusk's tweets on the social media platform that he now owns has often courted controversy and been the subject of legal trouble.

Persons: Elon Musk, Chuck Schumer, Leah Millis, Musk, X, Tesla, Donald Trump, Tom Hals, Jaspreet Singh, Zaheer Kachwala, Noeleen Walder, Matthew Lewis, Rod Nickel Organizations: Intelligence, Senate, U.S, Capitol, REUTERS, Twitter, U.S . Securities, Exchange Commission, SEC, Tesla, SpaceX, U.S . Justice Department, California's Department of Civil Rights, U.S . National Labor Relations Board, U.S . SEC, Supreme, Wall Street, Thomson Locations: Washington , U.S, Florida, California, San Francisco, U.S, Los Angeles, Manhattan, Wilmington, Del, Bengaluru

NEW YORK, Oct 5 (Reuters) - Sam Bankman-Fried's college roommate and ex-colleague, Gary Wang, testified on Thursday at the FTX cryptocurrency exchange founder's fraud trial that Bankman-Fried told him to give a hedge fund they co-owned special trading privileges on FTX. The special privileges granted to the hedge fund, Alameda Research, included a $65 billion line of credit, several orders of magnitude bigger than the amount other users were able to borrow, he said. He added that Bankman-Fried had directed him to implement the changes giving Alameda special privileges. Wang, 30, is the first of three former close associates of Bankman-Fried to testify at the trial, which began on Tuesday. Wang said Bankman-Fried decided to name the firm Alameda Research because it "makes it easier to do business if the name doesn't mention trading or cryptocurrency."

Persons: Sam Bankman, Gary Wang, Fried, Wang, FTX, FTX's, Mark Cohen, Matt Huang, Huang, Bankman, Nishad Singh, Caroline Ellison, Alameda's, Adam Yedidia, Yedidia, Sam, Joseph Bankman, Barbara Fried, Luc Cohen, Jody Godoy, Amy Stevens, Matthew Lewis Organizations: Alameda Research, Alameda, Massachusetts Institute of Technology, Prosecutors, MIT, Stanford Law, Thomson Locations: Alameda, tatters, Manhattan, FTX, China, United States, Bahamas, Yedidia, New York

But then two days beforehand Musk raised "several spurious objections" and told the SEC he would not appear, the SEC said. According to the filing, Musk has given the SEC documents relating to the probe and has previously provided testimony in July last year via video conference. "The SEC has already taken Mr. Musk's testimony multiple times in this misguided investigation - enough is enough," said a statement from Alex Spiro, an attorney for Musk. Musk acquired Twitter after initially building a large minority stake in the social media platform, which he first disclosed in April 2022. Faced with a trial that sought to compel him to complete the deal, Musk closed his acquisition of Twitter in late October 2022.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Musk, ”, Alex Spiro, Twitter, ” Musk, Howard Fischer, Moses, Moses & Singer, Tesla, Shivansh, Tom Hals, Chris Prentice, Michelle Price, Sheila Dang, Megan Davies, Shinjini Ganguli, Lisa Shumaker Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, U.S . Securities, Exchange Commission, SEC, Twitter, San, Musk, Moses &, Reuters, Justice Department, Thomson Locations: Paris, France, San Francisco, Texas, New York, Bengaluru, Wilmington , Delaware, Washington, Austin

Trump, president from 2017 to 2021, has regularly made sweeping claims of immunity both while in office and since leaving the White House. The U.S. Supreme Court in 2020 spurned Trump's argument that he was absolutely immune from state criminal investigations while president. The judge said Trump's actions leading up to the riot, casting doubt on the election results, were not official responsibilities. The case is one of four criminal prosecutions Trump, 77, faces as he seeks to retake the White House. Trump has asserted that impeachment, where the U.S. Congress can charge and try presidents for misconduct, is the appropriate way to hold presidents accountable for official actions.

Persons: Donald Trump, Letitia James, Caitlin Ochs, Stormy Daniels, Trump, Jack Smith, Mike Pence, Andrew Goudsward, Luc Cohen, Ismail Shakil, Susan Heavey, Scott Malone, Howard Goller Organizations: U.S, Trump Organization, REUTERS, Rights, White, Supreme, Capitol, Republican, Justice Department, Thomson Locations: New York City, U.S, Washington, York, Congress, New York

U.S. Representative George Santos (R-NY) leaves Central Islip Federal Courthouse in Central Islip, New York, U.S., May 10, 2023. Nancy Marks was arrested on Thursday and entered the plea in federal court in Long Island before U.S. District Judge Joanna Seybert, court records showed. The 35-year-old political newcomer has pleaded not guilty and resisted calls to resign for lying about his resume. Marks told the Federal Election Commission in a Jan. 31 filing that she had resigned as Santos' campaign treasurer. Reporting by Luc Cohen in New York; editing by Rami Ayyub and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Representative George Santos, Eduardo Munoz, Nancy Marks, Joanna Seybert, Marks, Santos, Luc Cohen, Rami Ayyub, Bill Berkrot Organizations: Representative, Central Islip Federal, REUTERS, U.S, Federal, Commission, Thomson Locations: Central Islip, Central Islip , New York, U.S, Long Island, Queens, Long, New York

[1/2] Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW YORK, Oct 4 (Reuters) - The jury for Sam Bankman-Fried's trial on charges of stealing billions of dollars from customers of his now-bankrupt FTX cryptocurrency exchange was selected on Wednesday, paving the way for opening statements to start soon. Prosecutors and the defense are expected to lay out their cases shortly in opening statements. They are expected to call three former members of Bankman-Fried's inner circle - former Alameda chief executive Caroline Ellison and former FTX executives Nishad Singh and Gary Wang - to testify against him. Reporting by Luc Cohen in New York Editing by Amy Stevens, Matthew Lewis and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Fried, Amr Alfiky, FTX, District Judge Lewis Kaplan, Joseph Bankman, Barbara Fried, Gabriel Bankman, Donald Trump, Anthony Scaramucci, Caroline Ellison, Nishad Singh, Gary Wang, Kaplan, Ellison, Luc Cohen, Amy Stevens, Matthew Lewis, Nick Zieminski Organizations: FTX, United, REUTERS, District, Wednesday, Stanford Business School, North Railroad, Prosecutors, Stanford Law, U.S, Alameda Research, Alameda, Metropolitan Detention, Thomson Locations: New York City, U.S, York, Manhattan, Brooklyn, New York

Judge Arthur Engoron is seen in the courtroom before the start of former U.S. President Donald Trump’s civil business fraud trial at the State Supreme Court building in New York, U.S. October 4, 2023. Mary Altaffer/Pool via REUTERS Acquire Licensing RightsNEW YORK, Oct 4 (Reuters) - A judge overseeing Donald Trump’s civil fraud trial pounded his fists in frustration with the former U.S. president’s lawyers on Wednesday for what he described as redundant and "ridiculous" cross-examination of a witness. He has already disciplined Trump’s lawyers for making what he said were "frivolous" arguments. "This is ridiculous," Engoron said on Wednesday as one of Trump’s lawyers repeatedly asked his onetime accountant the same questions for each year at issue in the case. Trump’s lawyers appealed the decision on Wednesday.

Persons: Arthur Engoron, Donald Trump’s, Mary Altaffer, Donald, Trump, Engoron, Letitia James, James, Donald Jr, Eric, Joe Biden's, Jack Queen, Grant McCool Organizations: Supreme, REUTERS Acquire, New, Trump, Democrat, Trump Organization, White, Thomson Locations: New York, U.S, Manhattan

But FTX had asserted the opposite in an online post about a car race it sponsored in Miami Beach, Florida, six months before its November 2022 collapse. loadingAt Bankman-Fried's trial on Wednesday, prosecutors played for the jury FTX video advertisements in which a narrator said, "we're inviting everyone in," as well as spots featuring NFL quarterback Tom Brady and comedian Larry David. Bankman-Fried, 31, has pleaded not guilty to two counts of fraud and five counts of conspiracy over the collapse of FTX. Mark Cohen, Bankman-Fried's lawyer, said his client never intended to steal funds. "But on the other hand, many factors that nobody controlled could make crypto go up and down in value.

Persons: Sam Bankman, Mark Cohen, Jane Rosenberg, FTX, Shaquille O'Neal, Tom Brady, Larry David, Bankman, Prosecutors, cryptocurrency, Thane Rehn, Fried, Rehn, Cohen, O'Neal, Brady, David, Luc Cohen, Jody Godoy, Amy Stevens, Matthew Lewis Organizations: Federal Court, REUTERS, Twitter, Miami Heat, Thomson Locations: Bankman, FTX, New York City, U.S, Miami Beach , Florida, New York

☆ Sam Bankman-Fried's trial to resume with jury selection, opening statements
▼ + stars: | 2023-10-04 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsNEW YORK, Oct 4 (Reuters) - Sam Bankman-Fried's trial on charges of stealing billions of dollars from customers of his now-bankrupt FTX cryptocurrency exchange is set to resume on Wednesday, with the judge aiming to finish selecting a jury and move on to opening statements. That would pave the way for prosecutors and the defense to proceed to opening statements, in which each side would lay out their case. Bankman-Fried has pleaded not guilty and is likely to argue that while he failed to adequately manage risk, he did not steal money. Reuters GraphicsReporting by Luc Cohen in New York Editing by Amy Stevens and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Fried, Amr Alfiky, FTX, District Judge Lewis Kaplan, Caroline Ellison, Nishad Singh, Gary Wang, Kaplan, Ellison, Luc Cohen, Amy Stevens, Matthew Lewis Organizations: United, REUTERS, District, Prosecutors, U.S, Alameda Research, Alameda, Metropolitan Detention, Thomson Locations: New York City, U.S, Manhattan, Brooklyn, New York

In his opening statement, Rehn said Bankman-Fried used more than $10 billion in FTX customer funds to amass his own wealth, power and influence. But Rehn said FTX collapsed because of Bankman-Fried's plundering of FTX customer cash. According to prosecutors, Bankman-Fried installed Ellison, his sometime romantic partner, as a "front" to lead Alameda in 2021. "In reality he was still calling the shots at Alameda," Rehn said. But Bankman-Fried's lawyer said that handing over the reins was normal as FTX grew and took up his time.

Persons: Sam Bankman, Attorney Thane Rehn, Jane Rosenberg REFILE, Fried, Thane Rehn, Mark Cohen, Rehn, Cohen, Zhao, FTX, duping, Caroline Ellison, Ellison, Jody Godoy, Luc Cohen, Amy Stevens, Matthew Lewis Organizations: U.S, Attorney, Federal Court, REUTERS, Alameda Research, Alameda, Bankman, Thomson Locations: Bankman, FTX, New York City, U.S, Bahamas, Alameda, New York

Florida said the White House is conditioning transportation funding on the state's agreement not to enforce provisions that the Secretary of Labor believes undermine collective bargaining. Acting Labor Secretary Julie Su, Transportation Secretary Pete Buttigieg and their respective agencies are among the defendants. The Labor Department did not immediately respond to a request for comment. "Florida passed laws to protect workers from being strong-armed by unions," Republican state Attorney General Ashley Moody said in a statement. "We're pushing back against this overreach to protect our state's autonomy and Florida workers."

Persons: Andrew Kelly, Biden, Ron DeSantis, Bill, Julie Su, Pete Buttigieg, General Ashley Moody, Donald Trump, Jonathan Stempel, David Gregorio Our Organizations: Department of Labor, Washington , D.C, REUTERS, Republican, Labor, U.S . Department, Department of Transportation, Labor Department, Florida Education Association, Democrat, Court, Southern District of, Thomson Locations: Washington ,, Florida, paychecks, U.S, Southern District, Southern District of Florida, New York

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