DIRS.INFO The most relevant business & tech news

NEW YORK, July 26 (Reuters) - British billionaire Joe Lewis has surrendered to U.S. authorities in Manhattan and is expected to appear in court later on Wednesday to face insider trading charges, a spokesperson for the U.S. Attorney's office in Manhattan said. Two of Lewis' pilots, Patrick O'Connor and Bryan Waugh, were also charged with insider trading securities fraud. Joe Lewis is a wealthy man," Damian Williams, the U.S. Attorney in Manhattan, said in a statement. Insider trading has long been a focus of Williams' office, dating to 2009 when a crackdown began under one of his predecessors, Preet Bharara. Separately on Wednesday, the U.S. Securities and Exchange Commission filed a civil insider trading case against Lewis, O'Connor, Waugh and Lewis' then-girlfriend Carolyn Carter.

Persons: Joe Lewis, Lewis, Patrick O'Connor, Bryan Waugh, David Zornow, O'Connor, Waugh, O'Connor texted, Mirati, Daniel Levy, Dylan Martinez, Damian Williams, Williams, Preet Bharara, Carolyn Carter, Carter, Gurbir Grewal, Luc Cohen, Jonathan Stempel, Chris Prentice, Chizu Nomiyama, Daniel Wallis Organizations: YORK, U.S, Tottenham Hotspur, Tottenham, Prosecutors, Mirati Therapeutics, Southampton Premier League, Reuters, Tavistock Group, Forbes, Attorney, U.S . Securities, Exchange Commission, SEC, Thomson Locations: British, U.S, Manhattan, United States, New York, Virginia

NEW YORK, July 25 (Reuters) - Joe Lewis, the British billionaire and owner of the Tottenham Hotspur soccer team, has been criminally charged in New York for orchestrating a "brazen" insider trading scheme. Joe Lewis is a wealthy man," U.S. Attorney Damian Williams said in a video on the X social media platform, formerly known as Twitter. Insider trading has long been a focus of Williams' office, dating to 2009 when a crackdown began under one of his predecessors, Preet Bharara. Prosecutors said that in some insider trading cases, Lewis lent money to recipients of his tips, including in Oct. 2019 when he wired $1 million to two pilots so they could buy more Mirati shares. Reporting by Jonathan Stempel and Luc Cohen in New York; Editing by Chris Reese and Lincoln Feast.

Persons: Joe Lewis, Lewis, Damian Williams, " Williams, Williams, Preet Bharara, Mirati, Boss, Marty, JPMorgan Chase, Jonathan Stempel, Luc Cohen, Chris Reese, Lincoln Organizations: YORK, Tottenham Hotspur, Prosecutors, U.S, Tavistock Group, Forbes, Therapeutics, Biosciences, Australian Agricultural, U.S . Securities, Exchange Commission, JPMorgan, Thomson Locations: New York, Tavistock, Bear Stearns

Companies Mirati Therapeutics Inc FollowNEW YORK, July 26 (Reuters) - The British billionaire Joe Lewis pleaded not guilty on Wednesday to orchestrating what prosecutors called a "brazen" insider trading scheme by passing tips about companies in which he invested to friends, private pilots and a former girlfriend. Two of Lewis' pilots, Patrick O'Connor and Bryan Waugh, also pleaded not guilty to related insider trading charges, after being accused of making millions of dollars in illegal profit from Lewis' tips. British billionaire and Tottenham Hotspur owner Joe Lewis exits the United States Courthouse in Manhattan, following his appearance on insider trading charges, in New York City, U.S., July 26, 2023. Insider trading has long been a focus of Williams' office, dating to 2009 when a crackdown began under one of his predecessors, Preet Bharara. Separately on Wednesday, the U.S. Securities and Exchange Commission filed a civil insider trading case against Lewis, O'Connor, Waugh and Lewis' former girlfriend Carolyn Carter.

Persons: Joe Lewis, Lewis, Valerie Figueredo, Nicolas Roos, Patrick O'Connor, Bryan Waugh, David Zornow, O'Connor, Waugh, O'Connor texted, Mirati, Amr Alfiky Mirati, Prosecutors, Damian Williams, Williams, Preet Bharara, Carolyn Carter, Carter, Gurbir Grewal, Luc Cohen, Jonathan Stempel, Jody Godoy, Chris Prentice, Chizu Nomiyama, Daniel Wallis Organizations: Mirati Therapeutics, Tottenham Hotspur, Aviva, Tavistock Group, Forbes, Tottenham, Prosecutors, United, REUTERS, U.S, Attorney, U.S . Securities, Exchange Commission, SEC, Thomson Locations: British, Manhattan, United States, New York City, U.S, New York, Virginia, South Korea

☆ US Senate panel probes billionaire Leon Black's financial ties to Jeffrey Epstein
▼ + stars: | 2023-07-25 | by ( Kanishka Singh | Thomson Reuters | Kanishka Singh Is A Breaking News Reporter For Reuters In Washington Dc | ) www.reuters.com time to read: +2 min

WASHINGTON, July 25 (Reuters) - The U.S. Senate's Finance Committee on Tuesday revealed an ongoing probe into private equity billionaire Leon Black's financial ties with disgraced late financier Jeffrey Epstein, and said the investigation "uncovered serious tax issues." The Senate panel said that a reported $158 million of payments in several installments from 2012 to 2017 by Black to Epstein for financial advice seemed "inexplicably large," given that Epstein was "neither a licensed tax attorney nor a certified public accountant." A spokesperson for Black said the billionaire had "cooperated extensively" with the panel's probe and provided detailed information. Black had previously acknowledged he paid Epstein for "legitimate financial advisory services." Last week, the New York Times reported that Black paid $62.5 million to the U.S. Virgin Islands to avoid any legal claims tied to an Epstein sex-trafficking investigation.

Persons: Leon, Jeffrey Epstein, Black, Epstein, Donald Trump, Bill Clinton, Kanishka Singh, Jonathan Oatis Organizations: Senate's Finance, New York Times, U.S . Virgin, Forbes, Apollo Global Management, Thomson Locations: U.S, Washington

NEW YORK, July 25 (Reuters) - The billionaire investor Leon Black was sued on Tuesday by an autistic woman who says he raped her in the disgraced financier Jeffrey Epstein's mansion in Manhattan in 2002, when she was 16. Black co-founded private equity firm Apollo Global Management (APO.N), which he left in 2021. Black has denied other sexual abuse accusations, including in a dismissed lawsuit by former Russian model Guzel Ganieva, and a lawsuit by Cheri Pierson who also claimed he raped her in Epstein's home two decades ago. The billionaire has also reached a $62.5 million settlement with the U.S. Virgin Islands, where Epstein had a home, to avoid a possible lawsuit. The case is Doe v Black, U.S. District Court, Southern District of New York, No.

Persons: Leon Black, Jeffrey Epstein's, Jane Doe, Black, Epstein, Ghislaine Maxwell, Susan Estrich, Estrich, Doe, massages, Jeanne Christensen, Cheri Pierson, Jonathan Stempel, Kanishka Singh, Daniel Wallis Organizations: YORK, Apollo Global Management, Forbes, U.S ., Court, Southern District of, Washington , D.C, Thomson Locations: Manhattan, New York City, Russian, U.S . Virgin Islands, U.S, Southern District, Southern District of New York, New York, Washington ,

July 21 (Reuters) - Apollo Global Management Inc (APO.N) co-founder Leon Black paid $62.5 million to the U.S. Virgin Islands to avoid any legal claims tied to a Jeffrey Epstein sex-trafficking investigation, the New York Times reported on Friday. The Times obtained a copy of the settlement agreement from the Virgin Islands government through a public records request. A spokesperson for Black confirmed in an emailed statement to Reuters that Black had settled with the Virgin Islands, noting that there was no suggestion in the settlement "that Mr. Black was aware of or participated in any misconduct." The spokesperson went on to say that, as previously known, Black had paid Epstein for "legitimate financial advisory services" and that Black had "resolved the (Virgin Island's) potential claims arising out of the unintended consequences of those payments." A New York state judge in May dismissed a lawsuit accusing Black, 71, of defaming a woman by falsely claiming she tried to extort him after accusing him of rape, which he denied.

Persons: Leon Black, Jeffrey Epstein, Black, Epstein, Epstein's, Cheri Pierson, Brad Brooks, Rosalba O'Brien Organizations: Apollo Global Management Inc, U.S . Virgin, New York Times, Times, Virgin, JPMorgan Chase, Forbes, Thomson Locations: U.S, Virgin, Islands, York, defaming, Epstein's, Manhattan, Lubbock , Texas

Companies Tesla Inc FollowJuly 21 (Reuters) - A federal appeals court on Friday said it will reconsider its recent decision that Tesla (TSLA.O) Chief Executive Elon Musk violated federal labor law by tweeting that employees would lose stock options if they joined a union. Circuit Court of Appeals in New Orleans granted Tesla's request to revisit the case "en banc," meaning that its 16 active judges will take part. Musk issued the tweet as the United Auto Workers sought to organize employees at Tesla's plant in Fremont, California. "But why pay union dues & give up stock options for nothing?" The appeals court panel found "substantial evidence" that the tweet was "an implied threat to end stock options as retaliation for unionization."

Persons: Tesla, Elon Musk, Musk, Jonathan Stempel, Jonathan Oatis, Deepa Babington Organizations: Tesla, U.S, Circuit, National Labor Relations Board, Musk's, United Auto Workers, NLRB, Republican, Twitter, U.S . Securities, Exchange Commission, Forbes, Thomson Locations: New Orleans, Fremont , California, U.S, New York

Russia's gas, in contrast to its oil, is not subject to Western sanctions, although Brussels is considering extending its embargo on Russian fuel. Gazprom's gas exports, mainly to Europe, almost halved last year because of the political crisis over Ukraine and after undersea Nord Stream pipelines were damaged by unexplained blasts last September. Timchenko had long challenged Gazprom's monopoly on Russian gas exports, saying in 2012 that Europeans wanted to have an alternative to Gazprom. "I believe that Gazprom Export's marketing campaign led to its European share decrease ... Liquefied natural gas has already come to the market. In essence, a new, cheaper gas market is emerging; one has to see such things," Timchenko told the Forbes magazine in 2012.

Persons: Maxim Shemetov, Russia's, Ronald Smith of, Novatek, Vladimir Putin, Alexei Miller, Putin, Miller, Gennady Timchenko, Timchenko, Oksana Kobzeva, Vladimir Soldatkin, Barbara Lewis Organizations: Gazprom, REUTERS, Stream, EU, Kremlin, European Union, Novatek, BCS, Forbes, Thomson Locations: Russia, Europe, MOSCOW, Ukraine, Brussels, Siberia, LNG, Ronald Smith of Moscow, Germany, Italy, Soviet, St Petersburg, Moscow, Russian

☆ Is There a Price That Keeps Trump Quiet? E. Jean Carroll May Find Out.
▼ + stars: | 2023-06-23 | by ( Benjamin Weiser | ) www.nytimes.com time to read: +1 min

How much money must E. Jean Carroll win to stop Donald J. Trump from talking about her? The next day, Mr. Trump appeared on CNN, and again accused Ms. Carroll of making up her story and for good measure called her a “wack job.”Now, Ms. Carroll is seeking millions of dollars more to stop the river of invective. Forbes magazine says Mr. Trump is worth $2.5 billion, but his actual wealth is in much dispute — he has said his net worth fluctuates with his mood. Mr. Trump became a celebrity and then the nation’s chief executive largely through the power of an untrammeled tongue, creating fascination even among opponents with his unpredictable and cruel verbal assaults. Ms. Carroll and her lawyers are trying to win a jury award that would bring his competing desires into economic equilibrium.

Persons: Jean Carroll, Donald J, Trump, Ms, Carroll, ”, Forbes Organizations: CNN Locations: Manhattan

☆ China's Guangzhou R&F co-chief agrees to be extradited to U.S.
▼ + stars: | 2023-06-14 | by ( Sam Tobin | ) www.reuters.com time to read: +1 min

LONDON, June 14 (Reuters) - The billionaire co-chairman and CEO of Chinese developer Guangzhou R&F Properties Co Ltd on Wednesday agreed to be extradited from London to the United States, where he is facing bribery charges. Zhang Li, who co-founded Hong Kong-listed R&F (2777.HK), is wanted on a provisional warrant issued in the Northern District of California that accuses him of participating in a scheme to bribe public officials between 2015 and 2020. The 69-year-old, who is currently worth $1.6 billion, according to Forbes magazine, is alleged to have paid kickbacks to obtain permits for a construction project in San Francisco. In December, Zhang was granted bail on the condition that he pay a security of 15 million pounds ($19 million), the joint-largest security that an English court has ever accepted. Reporting by Sam Tobin; editing by Sarah YoungOur Standards: The Thomson Reuters Trust Principles.

Persons: Zhang Li, Zhang, Sam Tobin, Sarah Young Organizations: F Properties Co, HK, Northern District of, Forbes, Westminster, Lawyers, U.S, F's U.S, Properties, San, Thomson Locations: Guangzhou, London, United States, Hong Kong, Northern District, Northern District of California, San Francisco, China

☆ What It Was Like to Work Closely With Elizabeth Holmes at Theranos
▼ + stars: | 2023-06-02 | by ( Kiera Fields | ) www.businessinsider.com time to read: +9 min

Patrick O'Neill worked closely with the disgraced Theranos CEO Elizabeth Holmes. "Seeing those people be brought to justice is a comfort," he says of Holmes going to jail. I hadn't heard about Theranos before Elizabeth Holmes approached TBWA/Chiat/Day, the ad agency where I was a creative director, in 2012. Working with Holmes closely, I felt like she had to bring herself down to earth to communicate with me. Elizabeth Holmes and the Theranos story are now so well-known that when people ask me what my story is, I have to decide whether I'm going to talk about it.

Persons: Patrick O'Neill, Elizabeth Holmes, Holmes, TBWA, Steve Jobs, I'd, Theranos, Elizabeth, we'd, Apple weren't, We'd, It's, Errol Morris, Martin Schoeller, Elizabeth's, hadn't, I've Organizations: Morning, Starco Brands, Apple, Visa, Olympics, Walgreens, Wall Street, Forbes, Wall Locations: Theranos, Arizona, Silicon

NEW YORK, June 1 (Reuters) - Elon Musk is being accused of insider trading in a proposed class action by investors accusing the Tesla Inc (TSLA.O) CEO of manipulating the cryptocurrency Dogecoin, costing them billions of dollars. A "deliberate course of carnival barking, market manipulation and insider trading" enabled Musk to defraud investors, promote himself and his companies, the filing said. The investors' lawyer did not immediately respond to a separate request. They included their latest accusations in a proposed third amended complaint, in a lawsuit that began last June. The case is Johnson et al v. Musk et al, U.S. District Court, Southern District of New York, No.

Persons: Elon Musk, Musk, influencers, Dogecoin's Shiba, Alex Spiro, Tesla, Alvin Hellerstein, Johnson, Jonathan Stempel, Marguerita Choy Organizations: YORK, Tesla Inc, Investors, Twitter, Forbes, Court, Southern District of, Thomson Locations: Manhattan, Dogecoin, U.S, Southern District, Southern District of New York, New York

Companies JPMorgan Chase & Co FollowNEW YORK, May 18 (Reuters) - The young entrepreneur Charlie Javice has been indicted on charges of defrauding JPMorgan Chase & Co (JPM.N), the largest U.S. bank, into buying her now-shuttered college financial aid startup Frank. A four-count grand jury indictment made public on Thursday in Manhattan federal court charges Javice with securities fraud, wire fraud, bank fraud and conspiracy. In connection with that, prosecutors were granted more time to have Javice indicted by a grand jury. JPMorgan separately sued Javice and former Frank chief growth officer Olivier Amar in December in Delaware federal court for fraud, saying they inflated Frank's customer base to induce the bank's purchase. Javice countersued JPMorgan, saying it owes millions of dollars after firing her "without valid cause" in November.

Musk's decree resolved an SEC lawsuit accusing him of defrauding investors with an Aug. 7, 2018, tweet that he had "funding secured" to take his electric car company private. Musk and Tesla each also paid $20 million in civil fines, and Musk gave up his role as chairman. But the three-judge appeals court panel said the SEC had opened just two subsequent inquiries into Musk's tweets, and those tweets "plausibly violated" the decree's terms. It also said Musk chose to allow screening of his tweets, and had no right to revisit the matter "because he has now changed his mind." The case is SEC v Musk, 2nd U.S.

FTX imploded after a flurry of customer withdrawals in the wake of reports it had commingled assets with Alameda Research, Bankman-Fried's crypto-focused hedge fund. The Massachusetts Institute of Technology graduate has pleaded not guilty to 13 counts of fraud and conspiracy. He has acknowledged that FTX had inadequate risk management but denies stealing funds, and has sought to distance himself from FTX's day-to-day operations. Three onetime close associates - former Alameda co-chief executive Caroline Ellison, former FTX technology chief Gary Wang, and former FTX engineering chief Nishad Singh - have all pleaded guilty and agreed to cooperate with prosecutors. Bankman-Fried has limited access to technology, after prosecutors warned he might tamper with witnesses.

Companies JPMorgan Chase & Co FollowNEW YORK, April 4 (Reuters) - The U.S. government on Tuesday filed criminal charges accusing Charlie Javice, the founder of the now-shuttered college financial planning company Frank, of defrauding JPMorgan Chase & Co (JPM.N) into buying the startup for $175 million in 2021. Prosecutors said that when JPMorgan asked for a list of names, Javice paid an unnamed data science professor $18,000 to concoct a sham list of names. JPMorgan shut down Frank in January, and Chief Executive Jamie Dimon branded the acquisition a "huge mistake" in a Jan. 13 conference call with analysts. In December, JPMorgan sued Javice and Olivier Amar, who was Frank's chief growth officer, in Delaware federal court. Javice filed counterclaims in February, accusing JPMorgan of having "compromised her reputation" and wrongfully withheld $28 million of retention payments and equity.

☆ Intel co-founder Gordon Moore, prophet of the rise of the PC, dies at 94
▼ + stars: | 2023-03-25 | by ( Noel Randewich | ) www.reuters.com time to read: +5 min

SAN FRANCISCO, March 24 (Reuters) - Intel Corp (INTC.O) co-founder Gordon Moore, a pioneer in the semiconductor industry whose "Moore's Law" predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced. Intel and Moore's family philanthropic foundation said he died surrounded by family at his home in Hawaii. In recent years, Intel rivals such as Nvidia Corp (NVDA.O) have contended that Moore's Law no longer holds as improvements in chip manufacturing have slowed down. He went to work at the Shockley Semiconductor Laboratory where he met future Intel cofounder Robert Noyce. In 1968, Moore and Noyce left Fairchild to start the memory chip company soon to be named Intel, an abbreviation of Integrated Electronics.

☆ Intel co-founder Gordon Moore, author of ‘Moore’s Law’ that helped drive computer revolution, dies at 94
▼ + stars: | 2023-03-24 | by ( ) edition.cnn.com time to read: +5 min

Intel co-founder Gordon Moore, a pioneer in the semiconductor industry whose “Moore’s Law” predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced. Intel (INTC) and Moore’s family philanthropic foundation said he died surrounded by family at his home in Hawaii. It’s been a phenomenal ride.”In recent years, Intel rivals such as Nvidia (NVDA) have contended that Moore’s Law no longer holds as improvements in chip manufacturing have slowed down. He went to work at the Shockley Semiconductor Laboratory where he met future Intel cofounder Robert Noyce. In 1968, Moore and Noyce left Fairchild to start the memory chip company soon to be named Intel, an abbreviation of Integrated Electronics.

In a 31-page decision on Wednesday, U.S. District Judge George Daniels in Manhattan also dismissed all claims against the billionaire Ma, including for insider trading. Beijing announced an antitrust probe in Dec. 2020, and fined Alibaba $2.75 billion four months later for requiring "merchant exclusivity" to do business. Daniels said Alibaba shareholders lacked standing to sue over Ant, because the IPO did not happen and thus they never bought or sold Ant shares. He said they could sue Alibaba, Chief Executive Daniel Zhang and former Chief Financial Officer Maggie Wu over the antitrust compliance statements. The case is In re Alibaba Group Holding Ltd Securities Litigation, U.S. District Court, Southern District of New York, No.

☆ Warren Buffett's Berkshire Hathaway rejects call for silence on hot-button issues
▼ + stars: | 2023-03-17 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

March 17 (Reuters) - Berkshire Hathaway Inc (BRKa.N), run by billionaire Warren Buffett, on Friday urged shareholders to reject proposals that it avoid discussing hot-button social and political issues, and competing proposals that it disclose more about its climate change and diversity efforts. While Buffett's salary is low, his 15.6% Berkshire stake comprises most of his $101.6 billion net worth, which Forbes magazine said makes him the world's sixth-richest person. Berkshire's more than $60 billion of stock repurchases since the end of 2019 helps preserve Buffett's voting power. Abel would become chief executive and Buffett's son Howard Buffett would become non-executive chairman if Warren Buffett could not continue. Berkshire's businesses include Geico car insurance, the BNSF railroad, Berkshire Hathaway Energy, Dairy Queen, Fruit of the Loom and many others.

☆ Sam Altman is tech’s next household name — if we survive the killer robots
▼ + stars: | 2023-02-17 | by ( David Ingram | ) www.cnbc.com time to read: +11 min

Sam Altman, CEO of OpenAI, walks from lunch during the Allen & Company Sun Valley Conference on July 6, 2022, in Sun Valley, Idaho. Sam Altman may be tech's next household name, but many Americans probably haven't heard of him. To anyone outside San Francisco, Altman would probably seem like just another young tech CEO. That worldview flared up into controversy in 2017 when Altman wrote a blog post criticizing political correctness, saying tech entrepreneurs were leaving San Francisco over it. "I realized I felt more comfortable discussing controversial ideas in Beijing than in San Francisco," he wrote.

☆ Factbox: Who is Ukrainian billionaire Ihor Kolomoiskiy?
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +3 min

[1/2] Ukrainian business tycoon Ihor Kolomoiskiy speaks with journalists on the sidelines of the Yalta European Strategy (YES) annual meeting in Kyiv, Ukraine September 13, 2019. REUTERS/Valentyn OgirenkoKYIV, Feb 1 (Reuters) - Ukrainian law enforcement and security officials searched the home of billionaire businessman Ihor Kolomoiskiy on Wednesday. EARLY LIFEKolomoiskiy was born in the central Ukrainian city of Dnipropetrovsk, which was then part of the Soviet Union and is now known as Dnipro. SANCTIONSThe United States imposed travel sanctions on Kolomoiskiy in 2021 "due to his involvement in significant corruption", partly while serving as governor of Dnipropetrovsk. U.S. authorities have also alleged that Kolomoiskiy and a business partner laundered stolen funds through the United States.

☆ Fact Check-Fabricated Forbes cover featuring Elon Musk circulates online
▼ + stars: | 2022-12-22 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A fabricated cover of Forbes magazine featuring the Twitter CEO Elon Musk calling him the “weakest man on Earth” has misled some online. The Forbes masthead can be seen across the upper third of the screenshot, with an image of Musk centered. The purported headline reads: “The weakest man on Earth.”While most considered the image satirical, others were duped into thinking the screenshot was authentic. A Twitter advanced search via the Forbes official Twitter account did not reveal any related posts pertaining to the fabricated cover (archive.vn/wip/ckDS6). No such cover was published by Forbes magazine calling Elon Musk the “weakest man on Earth.”This article was produced by the Reuters Fact Check team.

Dec 16 (Reuters) - The Bahamas should not be blamed for the collapse of bankrupt cryptocurrency platform FTX, the country's foreign minister said on Friday, following repeated accusations by FTX management of alleged misconduct by the Caribbean nation's authorities. In a withering voice recording distributed over WhatsApp on Friday morning, Bahamas Foreign Minister Fred Mitchell, said "this blame game directed at The Bahamas" is undermining efforts to recover assets that were lost as a result of fraud. "We in The Bahamas can ask the question: How did the mastermind of FTX get on the front page of Forbes magazine, a U.S. magazine? On Thursday, his lawyers filed a new bail application, this time before the Supreme Court, according to a source. Reporting by Jasper Ward in Washington and Brian Ellsworth in Miami Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Don't blame the Bahamas for FTX's implosion, foreign minister says as the disgraced company's lawyers hurl accusations of complicity
▼ + stars: | 2022-12-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

FTX lawyers want to deny liquidators access to company records, claiming the Bahamian government could use it to swipe money away from FTX. But it isn't the fault of the Bahamas that FTX is embroiled in its financial troubles, according to foreign minister Fred Mitchell. Court-appointed liquidators for FTX's Bahamas-based business asked for key records within the crypto exchange, including access to company accounts and data. The Securities Commission of the Bahamas has disputed those claims, and Bahamas foreign minister Fred Mitchell denounced the accusations in a voice recording distributed via WhatsApp on Friday. Sam Bankman-Fried was arrested on multiple charges this week, including fraud, money laundering, and conspiracy after the collapse of his crypto exchange shed light on glaring accounting scandals.

Search resuls for: "Forbes Magazine"

25 mentions found