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☆ Gisele Bündchen was one of FTX's biggest equity holders, and says she was 'blindsided' by its collapse
▼ + stars: | 2023-03-23 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

Gisele Bündchen said she was 'blindsided' by FTX's bankruptcy. The fashion model told Vanity Fair she initially 'trusted the hype.' Her FTX stake may have been worth around $25 million before the company collapsed, according to some estimates. "I was blindsided," she told Vanity Fair in its March cover story issue. "It's just...terrible," the fashion model said.

☆ As John Fetterman heals, his Senate staff soldiers on with the help of veteran lawmakers and crisis bonding: 'We all have each other's back'
▼ + stars: | 2023-03-20 | by ( Warren Rojas | ) www.businessinsider.com time to read: +9 min

Sen. John Fetterman has been hospitalized for clinical depression since February 15. Casey is coordinating with Fetterman staff on constituent services issues and legislative priorities, according to recent reports, but doesn't call Fetterman directly so as not to disturb his ongoing recovery. Some of the others working hard to meet that internal standard include legislative assistant Madeleine Marr, a former aide to Democratic Sen. Maggie Hassan of New Hampshire. Conservative commentator Stephen L. Miller has been more blunt, accusing Fetterman's staff of unduly wielding power in his absence. "John Fetterman's chief of staff is not an elected senator," Miller wrote in an op-ed run by the Delaware Valley Journal.

☆ Macron backs enshrining right to abortion in French constitution
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

PARIS, March 8 (Reuters) - French President Emmanuel Macron said on Wednesday he backed including the right to abortion in the constitution, a move he said would send a signal of solidarity to women around the world. She was a staunch defender of the right to abortion. The move comes after the U.S. Supreme Court last June overturned the landmark 1973 Roe v. Wade ruling that recognised women's constitutional right to abortion. Both houses of the French parliament have already voted in favour of enshrining the right in the constitution, although the Senate termed it a "freedom" and the National Assembly a "right" to abortion. Macron said a bill would be submitted to parliament to change the constitution in the coming months.

☆ John Fetterman's wife, Gisele, says she's 'so proud of him' for seeking treatment for depression. Here's a timeline of their relationship.
▼ + stars: | 2023-03-04 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

2007: Gisele Barreto Fetterman wrote a letter to John Fetterman, then the mayor of Braddock, Pennsylvania, to see how she could get involved in his mission to revitalize the town. Gisele Barreto Fetterman and John Fetterman. Samantha Laub/AL DÍA News via Getty ImagesJohn Fetterman served as the mayor of Braddock from 2006 to 2019. She eventually connected with John Fetterman and traveled to Braddock to meet him. We talked on the phone, I planned the visit, and that's how I first got to Braddock."

☆ Victoria's Secret is resurrecting its famous fashion show in 2023 after a 4-year hiatus and a total brand revamp
▼ + stars: | 2023-03-03 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +4 min

Victoria's Secret is bringing back its famous runway show this year after a four-year hiatus. The lingerie retailer canceled the show in 2019 after criticism, scandal, and lagging sales. Victoria's Secret has previously said the show would eventually return, but never set a date. Victoria's Secret began airing an annual fashion show beginning in 1995. Consumer tastes had begun to change, shifting away from the push-up bras and sexpot style defined by Victoria's Secret and toward more comfortable bralettes and sports bras.

In an interview with NBC News Monday, Pennsylvania Governor Josh Shapiro says he expects Senator John Fetterman to come back to the Senate and to “serve for a good long while.”Shapiro would be charged with naming an interim replacement should there be a vacancy and there would then be a special election in November 2024 to fill the rest of the term — a scenario that would put both of the state’s Senate seats on the ballot next year. When asked If there is a contingency plan in place in case Fetterman decides to step down, Shapiro said, “There is no contingency plan and it is 100% Senator Fetterman’s decision as to what he will do in the future.”Shapiro said he feels no pressure from inside the Democratic Party to push Fetterman to resign, nor does he feel pressure to push him to stay in the seat to benefit Democrats in the 2024 election. Fetterman checked himself into the hospital for treatment of “clinical depression” on February 16th. “I’m proud of Senator Fetterman for getting the help that he needs and I’m there for Gisele and their family. And I know the people of Pennsylvania I’ve talked to are encouraging him along to get the help that he needs.”Today the Senator’s team sent their first official update on his status since announcing his hospitalization.

☆ Sen. John Fetterman will likely be in hospital for a few weeks for clinical depression treatment
▼ + stars: | 2023-02-17 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Senator John Fetterman (D-PA), leaves a classified briefing for U.S. Sen. John Fetterman, D-Pa., will receive inpatient hospital care for "a few weeks" as he seeks treatment for clinical depression, a senior aide to the senator told NBC News. Fetterman suffered a life-threatening stroke on the campaign trail last year, and he has continued to experience health issues in office. Fetterman's return to the Senate will not be a matter of days, the senior aide told NBC on Thursday night. Fetterman's aide told NBC that the senator has struggled to adjust to his current situation, leading him to seek treatment.

☆ Sen. John Fetterman checks into hospital for clinical depression treatment, his office says
▼ + stars: | 2023-02-16 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Sen. John Fetterman (D-PA) departs a closed-door, classified briefing for Senators at the U.S. Capitol on Tuesday, Feb. 14, 2023 in Washington, DC. Sen. John Fetterman, D-Pa., checked himself into a hospital to "receive treatment for clinical depression," his chief of staff said Thursday. "While John has experienced depression off and on throughout his life, it only became severe in recent weeks," the statement said. "Yesterday, Dr. Monahan recommended inpatient care at Walter Reed. "After examining John, the doctors at Walter Reed told us that John is getting the care he needs, and will soon be back to himself," Jentleson said.

☆ John Fetterman checks into Walter Reed hospital to receive treatment for depression
▼ + stars: | 2023-02-16 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +1 min

US Senator John Fetterman is currently at Walter Reed hospital receiving treatment for depression. In a statement, his office said Fetterman checked himself in on Wednesday night. Fetterman, elected last fall, is recovering from a May 2022 stroke that has impaired his ability to process speech. Fetterman is currently being treated at Walter Reed National Military Medical Center, where Jentleson said he is "receiving treatment on a voluntary basis." "After examining John, the doctors at Walter Reed told us that John is getting the care he needs, and will soon be back to himself," Jentleson said.

☆ Tom Brady's team was convinced they were looking at 'legit financials' when they first piled into FTX, report says
▼ + stars: | 2023-02-08 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Tom Brady and Gisele Bündchen's advisors "saw what they believed were legit financials" when they invested in FTX, per the Financial Times. The then-couple owned 1.8 million shares in FTX between them, bankruptcy filings show. There was some FOMO, but people always saw financials," the source said. Crypto exchange FTX filed for bankruptcy in November after suffering a solvency crisis linked to a selloff in its native FTT token. Read more: FTX bankruptcy documents show list of investors set to be completely wiped out, including Tom Brady and Robert Kraft

He is also strict on alcohol, even putting Rob Gronkowski on a drinking diet. But Brady does occasionally splurge, — including on New Year's Eve, apparently, as he said on Instagram that he was curing his hangover with some TB12 electrolytes on New Year's Day 2018. Source: Business Insider

☆ Why the ‘Crypto Bowl’ won’t be back this year
▼ + stars: | 2023-02-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Super Bowl LVI was the crypto world’s coming out party. You can expect a lot less noise from Team Crypto during Super Bowl LVII next Sunday. Of the four crypto or crypto-affiliated companies that advertised in the Super Bowl last year, one (FTX) has collapsed completely. “Crypto firms are focusing less on crypto advertising and more on investing in better user experiences, products, and customer service,” Lacayo added. Its Super Bowl ads featured Tom Brady and Gisele Bundchen.

☆ John Fetterman's picture-taking, buddy-making, convention-breaking first month on Capitol Hill
▼ + stars: | 2023-02-04 | by ( Warren Rojas | ) www.businessinsider.com time to read: +11 min

Delegation-mate Sen. Bob Casey told Insider that Fetterman is “off to a great start.”Top editors give you the stories you want — delivered right to your inbox each weekday. Insider spoke to Fetterman's colleagues, his staff, and congressional reporters about the newcomer's first month in Washington, and what to expect from him as Congress gets rolling. "I know Sen. Fetterman is interested in nutrition, and I share his concerns there, so I look forward to collaborating to get things done for folks in Pennsylvania and Vermont," Welch said. Food issues definitely fall under their purview as newly minted members of the Senate Committee on Agriculture, Nutrition, and Forestry. 'Off to a great start'Sen. Casey told Insider that Fetterman has already hit the ground running.

☆ Tom Brady announces retirement from the NFL, swears it's 'for good' this time
▼ + stars: | 2023-02-01 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

He finishes with numerous NFL records and seven Super Bowl titles with the New England Patriots and the Tampa Bay Buccaneers. Brady returned to the field less than two months after making that announcement to play for the Tampa Bay Buccaneers, marking his 23rd season. Pledging that his retirement is "for good" this time, Brady ends a 23-season career with seven Super Bowl wins under his belt. Brady played for the New England Patriots from 2000 to 2019 and joined the Tampa Bay Buccaneers in 2020. Outside the NFL, Brady has faced other losses mainly pertaining to his investments with the bankrupt cryptocurrency exchange FTX.

☆ Tom Brady Retires: The Revised Edition
▼ + stars: | 2023-02-01 | by ( Ben Shpigel | ) www.nytimes.com time to read: +12 min

Tom Brady of the Tampa Bay Buccaneers is retiring from football. His seven Super Bowl titles are more than any single organization has won. He was twice foiled in the Super Bowl by the New York Giants. Brady racked up yardage but Tampa Bay fired its offensive coordinator, Byron Leftwich. Look again, though, at the piercing final play from that game: A 30-yard Rams field goal, the ball snapped from the Tampa Bay 12-yard line.

☆ Anthony Scaramucci says he got only $400,000 back on his $10 million investment in FTX's token
▼ + stars: | 2023-01-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Anthony Scaramucci says he only got $400k back from a $10 million investment in FTX's token. The SkyBridge Capital investor backed FTT after receiving $45 million in funding from FTX. The coin lost 91% of its value in a matter of days following allegations Bankman-Fried's Alameda Research held a significant amount of the FTT token, falling from averages around $24 to less than $1. SkyBridge received $45 million of funding from Bankman-Fried after FTX bought a 30% stake in the company, of which Scaramucci invested $10 million in FTT, before eventually selling it at a loss of $9.6 million. I'm not going to be the person that takes no more risk in the future because I got burned by Sam."

☆ Take FTX's name off the Miami Heat's arena, the crypto exchange's bankruptcy judge orders in ending a $135 million sponsorship deal
▼ + stars: | 2023-01-12 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

FTX's bankruptcy judge has terminated its $135 million deal to sponsor the Miami Heat's home arena. Miami-Dade County has been trying to get out of the deal since the crypto exchange failed in November. In March 2021, FTX and Miami-Dade agreed a deal to award the crypto exchange the naming rights to the Heat's home arena for the next two years. But the crypto exchange filed for Chapter 11 bankruptcy in November after suffering a major liquidity crisis that wiped out around $8 billion in customer funds. Read more: FTX bankruptcy documents show list of investors set to be completely wiped out, including Tom Brady and Robert Kraft

☆ FTX lawyers have recovered $5 billion in assets
▼ + stars: | 2023-01-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —FTX officials overseeing its bankruptcy have recovered more than $5 billion in cash and other liquid assets that may be used to help repay creditors, a lawyer for the failed crypto firm said during a bankruptcy court hearing Wednesday. That disclosure significantly raises the estimated amount of funds FTX claims to hold. Last month, FTX lawyers submitted filings that showed the company and its affiliates had a total of $1.2 billion in cash. The lawyers also said they had identified more than 9 million creditors — far more than earlier estimates of around 1 million. FTX founder Sam Bankman-Fried arrives pleaded not guilty to fraud and conspiracy charges in Manhattan on January 3.

The U.S. Commodities Futures Trading Commission has estimated missing customer funds at more than $8 billion. The affiliates -- LedgerX, Embed, FTX Japan and FTX Europe -- are relatively independent from the broader FTX group, and each has its own segregated customer accounts and separate management teams, according to FTX court filings. In part to preserve the value of its businesses, FTX also sought Dorsey's approval to keep secret 9 million FTX customer names. Dorsey allowed the names to remain under wraps for only three months, not six months as FTX wanted. In addition to customer funds lost, the collapse of the company has also likely wiped out equity investors.

☆ Tom Brady and Gisele Bundchen’s FTX stake will probably get wiped out
▼ + stars: | 2023-01-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

Brady owns 1.1 million common shares of FTX, while Bundchen owns 686,000 shares, according to bankrupcty court documents filed Monday. Whatever Brady and Bundchen paid for their stakes, they, along with hundreds of other investors, will almost certainly see their positions completely wiped out. When companies go bankrupt, stockholders are typically the last in line to recover any funds. Soon after FTX’s collapse, a customer filed a proposed class-action lawsuit against FTX founder Sam Bankman-Fried, along with Brady, Bundchen and several other celebrity backers. Federal prosecutors accuse the 30-year-old entrepreneur, once a celebrity in crypto circles, of stealing customer funds from FTX to cover outsize losses at his hedge fund, Alameda.

☆ FTX bankruptcy documents show list of investors set to be completely wiped out, including Tom Brady and Robert Kraft
▼ + stars: | 2023-01-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

FTX released a list of its equity holders on Monday as it continues to navigate the bankruptcy process. Some of the top holders of FTX equity included in the list are Tom Brady, Robert Kraft, and Gisele Bündchen. The FTX shares owned by Brady, Kraft, and Bündchen are expected to be worthless. Billionaire Robert Kraft, who owns the New England Patriots football team, was also listed in the FTX bankruptcy document. Other investors on FTX's equity-holder list include Wall Street's elite hedge funds and growth investors, according to the bankruptcy document.

☆ FTX's venture backers included Patriots owner Robert Kraft and billionaire Paul Tudor Jones, new filings show
▼ + stars: | 2023-01-10 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

The roster of high-profile investors who lost money betting on crypto exchange FTX also included New England Patriots owner Robert Kraft and billionaire hedge fund manager Paul Tudor Jones, according to court filings released late Monday. FTX's venture investors included a host of luminaries. Dan Loeb controlled over 6.1 million preferred shares through Third Point-connected venture funds. Rival exchange Coinbase held nearly 1.3 million preferred shares. CNBC has compiled and analyzed the following preferred share ownership using Delaware bankruptcy court filings.

☆ The ultimate insider's guide to the dramatic downfall of Sam Bankman-Fried, Caroline Ellison, and FTX
▼ + stars: | 2023-01-01 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +11 min

Sam Bankman-Fried is facing criminal charges and is expected to enter a plea on Jan. 3. Read Insider's coverage of Bankman-Fried:FTX founder Sam Bankman-Fried gets by on 4 hours' sleep and multitasks on 6 screens. Now hit with 7 criminal charges, Ellison has pleaded guilty and expressed contrition before the New York federal court presiding over the criminal cases involving Bankman-Fried. Sam Bankman-Fried is in jail, but legal watchers are wondering: Where's ex-girlfriend Caroline Ellison? Sam Bankman-Fried hit with 8 criminal charges, including fraud and conspiracy for allegedly 'misappropriating' FTX customer fundsThe SEC has charged Sam Bankman-Fried and accused him of 'orchestrating a massive, years-long fraud'The criminal charges against Sam Bankman-Fried carry big penalties and jail time if proven, legal experts sayRead the CFTC complaint against FTX's Sam Bankman-Fried and his associates Caroline Ellison and Gary WangThe charges against Caroline Ellison, SBF, and FTX cofounder Gary Wang — in 60 seconds

☆ Donald Trump's superhero trading cards timed the market all wrong
▼ + stars: | 2022-12-16 | by ( Jon Sarlin | ) edition.cnn.com time to read: +4 min

Los Angeles CNN —Donald Trump’s entrance into the NFT world came at the worst possible moment. It bears noting, however, that despite the bad timing Trump’s NFT collection has shot to the top of NFT marketplace OpenSea’s ranking and has raked in more than $1.4 million since its launch. On the Trump Digital Trading Cards website, the Trump collection claims to be “sold out” and the floor price for a single card has risen to $177.99, according to analytics site CoinGecko. SPACs boomed in 2020 with celebrities and investors piling in, but rising interest rates and a troubled stock market has led to a dramatic fall in SPAC value. Trump’s entrance into the SPAC world came after the boom.

☆ Tom Brady's NFT company, Autograph, has laid off dozens of people after severing ties with board member Sam Bankman-Fried
▼ + stars: | 2022-12-16 | by ( Ben Bergman | ) www.businessinsider.com time to read: +3 min

Tom Brady cofounded Autograph at the height of the NFT sports boom. Disgraced FTX founder Sam Bankman-Fried joined the board of the company last year. Insider has learned the company has laid off dozens of employee and cut ties with Bankman-Fried. Autograph, the buzzy NFT platform cofounded by NFL star Tom Brady, has laid off dozens of staffers after separately severing ties with former board member Sam Bankman-Fried, the disgraced founder of FTX, Insider has learned. Bankman-Fried joined the board of directors last year several months after Brady and his then wife, Gisele Bundchen, invested in FTX.

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