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☆ Newly Published, from Children’s Books to 1970s Counterculture
▼ + stars: | 2023-08-25 | by ( ) www.nytimes.com time to read: +1 min

(Minerva, $18.99, ages 4 to 8.) THE WALKING SCHOOL BUS, by Aaron Friedland and Ndileka Mandela. Interviews Friedland conducted with children in rural Africa and India inspired this moving tale of two enterprising siblings determined to find a safe way to get to school. A beguiling, anxious ragamuffin whose parents’ nomadic lifestyle lands her at a school where everyone else speaks French learns that imagination can heal. At recess she draws a “giant magic hopscotch,” and the hopscotch draws new friends.

Persons: Bruce Handy, Julie Benbassat, Aaron Friedland, Ndileka Mandela, Andrew Jackson Obol, Friedland, Marie, Louise Gay, ragamuffin, FLORA, Veronica Chambers Organizations: FLORA LA, Sujean Locations: Africa, India, Panamanian

☆ China VC slump is set to drag Asia-Pacific fundraising down to a decade low
▼ + stars: | 2023-07-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Jason Lee | ReutersBEIJING — China-focused venture capital and other private investment funds have had a slow start to the year and are set to drag down Asia-Pacific fundraising to the lowest in 10 years. Alternative assets include venture capital, but not publicly traded stocks and bonds. watch nowChina-focused venture capital funds raised $2.7 billion in the second quarter, a drop of more than 50% from the first quarter, Preqin said. That dragged down overall VC fundraising in Asia-Pacific to $4.5 billion in the second quarter, the lowest in at least five years, the report said. In China, new rules for private investment funds are set to take effect Sept. 1, with a stated goal of "guiding" venture capital investment for long-term investment in "innovative startups."

Persons: Jason Lee, Angela Lai, Preqin, Andrew J, Sherman, Brown Rudnick, Lai Organizations: Reuters, U.S, D.C, CNBC, Partners Locations: Reuters BEIJING — China, Asia, Pacific, Preqin, China, U.S, Sherman , Washington, India, Japan

☆ How Christopher Nolan recreated the Trinity Test atomic bomb explosion in 'Oppenheimer' without any CGI
▼ + stars: | 2023-07-20 | by ( Maiya Focht | ) www.businessinsider.com time to read: +3 min

Christopher Nolan's "Oppenheimer" is about the Manhattan Project, and features an atomic bomb test. By using chemicals and layering clips while editing, they made a realistic atomic explosion. For Christopher Nolan's latest blockbuster, which follows the development and aftermath of the atomic bomb by following its creator, Robert J. Oppenheimer, Nolan chose not to use computer-generated imagery, or CGI. Cillian Murphy looks out the window at the simulated Trinity test while playing the titular role in Oppenheimer. A comparison between the prop bomb used in filming Oppenheimer [top] and the historic photo of the bomb used in the Trinity test [bottom].

Persons: Christopher Nolan's, Oppenheimer, he's, Robert J, Nolan, Scott Fisher, Cillian Murphy, Fisher, Andrew Jackson, Ruth De Jong, Jackson, It's Organizations: Manhattan, Service, Trinity Test, SYFY, Entertainment, Trinity, Universal Pictures, Los Alamos National Laboratory, Hollywood Locations: Wall, Silicon

☆ Seven Students, 7 Campuses: College Life Before the Fall of Affirmative Action - The New York Times
▼ + stars: | 2023-07-05 | by ( The New York Times | Reporting Tenzin Tsagong | ) www.nytimes.com time to read: 1 min

‘I feel really lucky to be able to go to a school that has such a large community and population that is not white. Within my little art bubble that we have in the fine arts, I feel like I do belong. There is a sense of community and strength among P.O.C. and queer people. But once I leave the college and go beyond that, it feels a little more hostile towards marginalized groups.’Andrew Jogi, recent graduate

Persons: ’ Andrew Jogi

☆ Opinion: The Supreme Court rewrites American society once again
▼ + stars: | 2023-06-30 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +25 min

But learning the facts - that affirmative action is critical for fostering equal access and opportunity in our academic institutions -cemented my belief that affirmative action is necessary if we want to create an equitable nation. The court’s decision Thursday is consistent with its view that race-based preferences should and would have a limited shelf life. Jon Wang, who revealed himself as a plaintiff in this Supreme Court case, was rejected by Harvard but was accepted at and is now attending Georgia Tech. Affirmative action enabled my ability to experience different ways of thinking and to form the lasting friendships I have made. Affirmative action has been a tool used by many countries to ensure underrepresented communities are included in areas they normally are not.

Persons: who’d, Tan, ”, Ana Fernandez, Richard Kahlenberg, Peniel Joseph, Peniel Joseph Kelvin Ma, Kelvin Ma, retrenchment, Bakke, Shelby, Holder, John F, Barry Goldwater, Richard Nixon, Ronald Reagan, Peniel, Joseph, Barbara Jordan, “, ” Lanhee Chen, Bollinger, Sandra Day O’Connor, Lanhee Chen Lanhee J . Chen, J, Chen, David, Diane Steffy, Romney, Ryan, Roxanne Jones, Andrew Johnson, Jones, WURD, Richard Sander, –, Richard Sander Fiona Harrison, Jeff Yang, Ed Blum’s, Jon Wang, Michael Wang, Williams, Jian Li, Bruce, Hudson Yang, Natasha Warikoo, Ketanji Brown Jackson, ” Natasha Warikoo Alonso Nichols, John Roberts, Brayden Rothe, Biden, can’t, Joe Biden, Brayden Rothe Patrick O'Leary, Pell Organizations: CNN, Fellows of Harvard College, Harvard, Harvard College, Cuban, American Council, Education, Wellesley College, Renaissance Studies, Black, Tufts University, Blacks, Ivy League, Federalist Society, John Birch Society, Trump, Democratic Party, GOP, Center, LBJ School of Public Affairs, University of Texas, Racial Justice, University of North, University of North Carolina Chapel, Public Policy, Hoover Institution, California State, Republican, Democratic, White, Fair, Supreme, ESPN The Magazine, ESPN, New York Daily News, Philadelphia Inquirer, The University of California, UCLA, University of California, UC, Georgia Tech, Department of Education, Princeton, Yale, Stanford, Princeton University, Institute for, Digital Intelligence, Harvard University, College, Social Sciences, of Sociology, Equity, University of Minnesota Locations: today’s, Philippines, Taiwan, Los Angeles, Portland, White, American, United States, West Linn , Oregon, Cuban American, Miami, Havana, Cuba, Miami , Florida, America, Austin, University of North Carolina, California, lockstep, Berkeley, Asian America, Florida, Texas

☆ More than 100 U.S. political elites have family links to slavery
▼ + stars: | 2023-06-27 | by ( Reuters Graphic | ) www.reuters.com time to read: +46 min

Then the war came, and according to the family history, Union soldiers plundered Sessions’ 27-room house. About 48 years old at the time, he did not stand a chance to succeed without slavery, the family history suggests. ‘A Better Nation’Some historians and genealogists say there is a valuable reason for white leaders – and other white Americans – to explore their links to slavery. Nicka Sewell-Smith, a professional genealogist with the family history website Ancestry.com, said people frequently ask her what to do with such documents. The top Democrat on the House Foreign Affairs Committee, Meeks said in an interview that he has spent years trying to trace his family history back before 1870.

Persons: Black, Mitch McConnell, Lindsey Graham, Tom Cotton, James Lankford, Elizabeth Warren, Tammy Duckworth, Jeanne Shaheen, Maggie Hassan, Joe Biden, –, Donald Trump –, Jimmy Carter, George W, Bush, Bill Clinton, Barack Obama, Trump’s, Amy Coney Barrett, Neil Gorsuch –, Asa Hutchinson, Doug Burgum, Tim Scott, James Clyburn, Henry McMaster, ”, Henry Louis Gates Jr, Gates, ” “, ” Gates, enslavers, Tony Burroughs, Biden, Obama, McConnell, Burroughs, Joseph Maddox, Maddox, Sela, Rubin, James, Sal, Sam ”, Graham, Graham didn’t, Nancy Mace, Drucilla, Drucilla Mace, John Mace, Hector Godbolt, John Mace’s, Godbolt, “, ” Nancy Mace, Henry Coe, Duckworth, Coe, Margaret, Isaac, Warner, George …, Isaac Franklin –, “ There’s, ” Duckworth, George Floyd, Donald Trump, ” Biden, ‘, ’, Ben Affleck, ” Affleck, Independent Angus King, Mo Brooks, ” Brooks, Sean Kelley, Kelley, White, don’t, wasn’t, Richard Sessions, Pete Sessions, Richard’s, William Sessions, John Cowger, Tom Cotton of, ” Cotton’s, Cowger, Cotton, Archibald Crawford, Juneteenth, Shaheen, Pocahontas, Edmond Dillehay, Peter ”, Milly, Lankford, ” Lankford, Joe Wilson, Stephen H, Wilson, Boineau, General David Addison Weisiger, Wilson –, Addison Graves Wilson –, Weisiger “, ” Wilson, Daniel Weisiger, Daniel Weisiger’s, Samuel, Samuel Weisiger, Daniel, Julia Brownley, Jesse Brownley, Brownley, ” Brownley, Thomas Ferguson, Brooks, Manumission, Marie Jenkins Schwartz, ” “ It’s, Union General William Tecumseh Sherman, Harvard’s Gates, Sherman, Andrew Johnson, Abraham Lincoln, Nicka Sewell, Smith, Ancestry.com, ” Sewell, LaBrenda Garrett, Nelson, Garrett, Rick Larsen, John Wiggins, Larsen, – Gilbura, George, Agg –, ” Larsen, Gilbura, Agg, Gregory Meeks, Meeks, Jim Crow South, – Meeks, – “, ” Meeks, “ I’m, I’m, Tom Bergin, Makini Brice, Nicholas P, Brown, Donna Bryson, Lawrence Delevingne, Brad Heath, Andrea Januta, Gui Qing Koh, Tom Lasseter, Grant Smith, Maurice Tamman, Catherine Tai Design, John Emerson, Jane Ross, Emma Jehle, Jeremy Schultz, Blake Morrison Organizations: Reuters, Republicans, U.S, Supreme, Republican, Harvard University, PBS, United States Congress, Representative, WikiLeaks, Sony, Facebook, White, FedEx, National Museum of, 117th, Independent, University of Essex, Geographic, American Economic, Pete Sessions, Sessions, Federal Bureau of Investigation, Jeanne Shaheen U.S, CNN, Biden, Trump, ” Reuters, South, South Carolina General Assembly, Confederate, statehouse, Congressional, Chesterfield County, Mount Vernon College, George Washington University, Mo Brooks Former U.S, “, New York Times, United, Federal Government, Union, Black, Southern, Democrat, House Foreign Affairs, Klux Klan Locations: U.S, America, Confederate States, Arkansas, North Dakota, South Carolina, Congress, Black, Northern, Southern, Illinois, Virginia, Frederick County , Virginia, United States, Minnesota, ”, Mo Brooks of Alabama, American, Texas, Mississippi, Chicot County , Arkansas, Chicot County, Tom Cotton of Arkansas, Yell County, Yell County , Arkansas, New Hampshire, Oklahoma, Tulsa, Georgia, Pennsylvania, Michigan, Frankfurt, Germany, Chesterfield County , Virginia, California, Portsmouth , Virginia, Alabama, Haywood County , North Carolina, Antebellum, United States of America, Washington, Nicholas County , Kentucky, Queens , New York, New York, York County, Mende, Sierra Leone, Africa, Bunce

☆ The Marine Corps might not get a confirmed leader for first time in 164 years due to standoff with Republican senator
▼ + stars: | 2023-06-25 | by ( Rebecca Kheel | Konstantin Toropin | ) www.businessinsider.com time to read: +7 min

On July 10, the Marine Corps may be led an acting commandant for the first time in 164 years. A GOP senator is blocking the next commandant's confirmation over the Pentagon's abortion leave policy. The Justice Department has already conducted a legal analysis of the Pentagon policy. Smith, then commander of III Marine Expeditionary Force, at Marine Corps Air Station Iwakuni in September 2018. "It was a spirited discussion, and it took a long time," Kaine said about the committee's closed-door debate on the abortion policy.

Persons: —, David Berger, Jim Stenger, Military.com, Berger's, Eric Smith, Smith, Sen, Tommy Tuberville, Read, Stenger, Berger, Chip Somodevilla, Archibald Henderson, Tuberville, Andrew Jones, Joe Manchin, Joni Ernst, Tim Kaine, Kaine, Charles " C.Q, Brown, Mark Milley, James McConville, Mike Gilday, — Rebecca Kheel, — Konstantin Toropin Organizations: Marine Corps, GOP, Service, Corps, Defense Department, Senate, Senate Armed Services, Capitol, Armed Services Committee, stonewall, National Defense, Pentagon, Justice Department, Peace Corps, Marine Expeditionary Force, Marine Corps Air, Iwakuni, US Marine Corps, Andrew Jones Senators, Marines, Air Force, Joint Chiefs of Staff, Twitter Locations: Iowa, Smith

☆ B-2 stealth bombers are back flying after the US Air Force grounded the fleet for 5 months in the wake of a fiery landing
▼ + stars: | 2023-05-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

An Air Force official told Insider that the pause was "precautionary," and was lifted on May 18 by Gen. Thomas Bussiere, commander of Air Force Global Strike Command. The B-2 Spirit approaches the boom of a McGuire Air Force Base, New Jersey KC-10A Extender during a Capstone orientation flight. Scott H. SpitzerThis incident marked the second time in 15 months that there was an emergency involving the B-2 at Whiteman Air Force Base. "We successfully accomplished all necessary actions to safely return to full flight operations with the B-2 fleet. Whiteman Air Force Base is the country's only operational base for the B-2, which was first unveiled in 1988.

☆ PayPal is struggling to maintain the power of its brand, says Truist's Andrew Jeffrey
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPayPal is struggling to maintain the power of its brand, says Truist's Andrew JeffreyAndrew Jeffrey, Truist managing director, joins 'Power Lunch' to discuss the buy now, pay later trades as Affirm reports today and PayPal's stock issues.

☆ China lands its secretive space plane after 9 months in orbit
▼ + stars: | 2023-05-08 | by ( Natalie Musumeci | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

China landed its mysterious reusable space plane after nine months in Earth's orbit. The space plane launched from the Jiuquan Satellite Launch Center in August 2022. The nine-month mission was the longest yet for the new space plane. In the absence of photos or details from China, multiple news outlets have suggested that the Chinese space plane may resemble the X-37B space plane developed by Boeing for the US military. Adam Shanks/US Space ForceThe Chinese space plane took off from the Jiuquan Satellite Launch Center in August 2022 and in October mysteriously ejected something into orbit, according to Space.com.

☆ Pope presents shards from cross of Christ for King Charles' coronation
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

[1/5] The new Cross of Wales, which will be used in the procession during the Coronation of Britain’s King Charles is seen before a service at Holy Trinity Church in Llandudno, Britain April 19, 2023. REUTERS/Phil NobleLONDON, April 19 (Reuters) - Pope Francis has gifted fragments believed to be from the True Cross on which Jesus was crucified to form part of a new processional cross which will be used at the coronation of Britain's King Charles next month. It features two small shards from the relic donated by the pope which have been shaped into a cross behind a rose crystal gemstone. After the coronation, the cross will be shared between the Anglican and Roman Catholic churches in Wales. "We are delighted too that its first use will be to guide their majesties into Westminster Abbey at the Coronation Service."

☆ The postmaster general is the second-highest-paid federal employee — and other weird facts about the USPS leader
▼ + stars: | 2023-04-16 | by ( Bethany Biron | ) www.businessinsider.com time to read: 1 min

Over the next two centuries, the role gained significant power within the federal government. In 1828, President Andrew Jackson made it part of the Cabinet, placing the role in line for succession. Andrew Jackson portrait on twenty dollar bill. Elizabeth Fernandez/Getty ImagesJackson also started the practice of replacing postal workers, which at the time comprised a vast amount of government jobs, with party loyalists. This continued until President Richard Nixon halted such efforts in 1969.

☆ Coronation roles for Prince George, Camilla's grandchildren, says Buckingham Palace
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] The invitation for the Coronation of Britain's King Charles III is seen in this undated handout image obtained by Reuters April 4, 2023. LONDON, April 4 (Reuters) - King Charles's grandson Prince George and the grandchildren of the Queen Consort Camilla will play major roles in the coronation of the British monarch next month, Buckingham Palace confirmed on Tuesday. George, 9, the eldest son of heir to the throne Prince William, will be one of the king's four pages of honour who will accompany him at the grand ceremony on May 6, and join the procession through the nave of London's Westminster Abbey. Camilla's four pages will be made up of her grandchildren Freddy Parker Bowles, and Gus and Louis Lopes, as well as her great-nephew Arthur Elliot. British newspapers had previously reported that the queen consort wanted her grandchildren to play significant roles, even though their parents are the children from her marriage to her first husband, Andrew Parker Bowles.

☆ How an often overlooked World War II-era shipbuilder designed the boat that Eisenhower said 'won the war for us'
▼ + stars: | 2023-03-19 | by ( Katie Sanders | Mara Storey | ) www.businessinsider.com time to read: +8 min

The Higgins boat is one of the iconic vessels of World War II. Andrew Higgins, center, developed several kinds of landing craft that were invaluable during World War II. His landing craft were used in every major amphibious assault of World War II, from the shores of Europe to the Pacific islands. National World War II MuseumBorn in Nebraska in 1886, Higgins ran newspaper routes and started a lawn-mowing company as a child. In one instance, Navy officials expressed interest in seeing a design for a new 56-foot tank landing craft three days before a scheduled visit to see another type of landing craft.

☆ Conservatives scoff at Trump's 'leftist plan' to build 10 new American cities featuring flying cars
▼ + stars: | 2023-03-19 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Trump recently announced a plan to build up to 10 new American cities on federal land. But some right-wing critics have attacked it as a "leftist plan" to create walkable "15-minute cities." Fox News left its in-house comedian, Greg Gutfeld, to handle the coverage of Freedom Cities. A conservative member of the UK parliament recently called 15-minute cities an "international socialist concept" that "would take away your personal freedoms." But Freedom Cities don't sound like 15-minute cities at all.

☆ Watch: Norfolk Southern Train Derails in Clark County, Ohio
▼ + stars: | 2023-03-05 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Alex Murdaugh Receives Life Sentence: What Happens Now? Alex Murdaugh was sentenced to life in prison after a jury convicted him of murdering his wife and son in 2021. The former South Carolina lawyer maintained his innocence during sentencing. WSJ’s Valerie Bauerlein explains some of the main takeaways. Photo: Andrew J. Whitaker/The Post and Courier/Pool

☆ Can China Reverse Its Population Decline? Just Ask Sweden.
▼ + stars: | 2023-02-09 | by ( Andrew Jacobs | Francesca Paris | ) www.nytimes.com time to read: 1 min

China’s population has begun to decline, a demographic turning point for the country that has global implications. Experts had long anticipated this moment, but it arrived in 2022 several years earlier than expected, prompting hand-wringing among economists over the long-term impacts given the country’s immense economic heft and its role as the world’s manufacturer. With 850,000 fewer births than deaths last year, at least according to the country’s official report, China joined an expanding set of nations with shrinking populations caused by years of falling fertility and often little or even negative net migration, a group that includes Italy, Greece and Russia, along with swaths of Eastern and Southern Europe and several Asian nations like South Korea and Japan.

Locations: China, Italy, Greece, Russia, Southern Europe, South Korea, Japan

☆ I got laid off from Amazon. The lack of transparency about why certain people were let go made the whole process extremely robotic.
▼ + stars: | 2023-01-26 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +3 min

Amazon laid off a total of 18,000 employees over the past couple of months, more than expected based on reports. She said the process felt "extremely robotic" and wished the company had been more transparent about its plans. This whole process has been extremely frustrating because of the lack of transparency we were provided. I know Amazon is a giant company, and I know the logistics of a more personalized approach would have been a nightmare, but on the other hand, we are human beings. The lack of transparency made it feel like I was just a line item instead of a human being.

☆ Tim Cook’s pay re-enters earth’s atmosphere
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

His pay has been out of this world, but then so has the iPhone maker’s share price performance. Nonetheless Apple, its investors and its board have agreed Cook’s pay should orbit closer to Earth in 2023. On Friday, Apple said Cook’s targeted pay will fall to $49 million. Apple says it will target his pay between 80th and 90th percentile among peers in future years. A bigger improvement is making Cook’s pay less of a giveaway.

☆ 10 of Wall Street's top tech execs detail how the public cloud is revolutionizing the way they do business: 'We are fundamentally rethinking how we solve problems.'
▼ + stars: | 2023-01-04 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +2 min

This year saw the continued embrace of the public cloud by Wall Street firms. Wall Street is headed for the clouds. But now, a wholesale migration from physical, on-premise data centers to cloud networks is fully underway within financial services. Finance firms are using a move to the cloud as an opportunity to overhaul their business beyond just upgrading back-end tech. Here are the six top trends to watch in the cloud in 2023, according to top Wall Street tech execs.

☆ The biggest losers of 2022 are bouncing back to start the new year — with one notable exception
▼ + stars: | 2023-01-03 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Many of the worst performing stocks of last year are poised to start off 2023 on the right foot as Wall Street looks to rebound. Major stocks that were down more than 50% or more were nearly all moving higher in premarket trading on Tuesday. The electric vehicle stock, which fell almost 70% last year, was down another 3.8% in premarket trading. Tesla fell below $119 per share in premarket trading. To be sure, premarket trading of stocks tends to be thin, and Tuesday's moves could reverse once the market opens.

☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ 5 big military moments that took place on Christmas Day
▼ + stars: | 2022-12-24 | by ( Business Insider | ) www.businessinsider.com time to read: +1 min

1868 — US President Andrew Johnson pardons former Confederate soldiersPresident Andrew Johnson Pardoning Rebels at the White House en.wikipedia.orgNearly a century later, on Christmas Day 1868, US President Andrew Johnson extended a full pardon and amnesty "to all and to every person who, directly or indirectly, participated in the late insurrection or rebellion." At war's end, however, he seemed to determine to punish those who had rebelled to preserve the institution of slavery. The day after being sworn in as the nation's president, Johnson said that "treason must be made infamous, and traitors must be impoverished." Prior to this blanket Christmas Day amnesty, southerners who had fought for the Confederacy could obtain a pardon provided only that they swore allegiance to the Union (top officials were excluded). Under "Proclamation 179," pardons were extended "to every person who, directly or indirectly, participated in the late insurrection."

☆ Inside Wall Street's cloud ambitions: From cutting costs to new security tools, tech execs from Blackstone, Goldman Sachs, Citadel, and others predict the top cloud trends in 2023
▼ + stars: | 2022-12-22 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +2 min

New York CNN —FTX founder Sam Bankman-Fried was indicted on eight criminal charges including wire fraud and conspiracy by misusing customer funds, according to an indictment from the US Attorney of the Southern District of New York. Separately Tuesday, US markets regulators charged Bankman-Fried with defrauding investors and customers in his failed crypto exchange FTX. The Securities and Exchange Commission said Bankman-Fried, “orchestrated a years-long fraud” to conceal from FTX investors the diversion of customer funds to Alameda Research, his crypto-trading hedge fund. Star athletes and celebrities who backed FTX also reportedly received a stake in the company, including Tom Brady and Gisele. That meant there was no meaningful distinction between FTX customer funds and Alameda’s funds that Bankman-Fried used as his “personal piggy bank,” the complaint says.

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