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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

☆ Key takeaways from Sam Bankman-Fried’s first week in court
▼ + stars: | 2023-10-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

And Alameda was the only FTX customer allowed to carry a negative balance. Christian Everdell and Mark Cohen, attorneys for Sam Bankman-Fried, exit court in New York on Wednesday, Oct. 5, 2023. Star witness coming TuesdayCaroline Ellison, Alameda’s CEO and Bankman-Fried’s on-and-off girlfriend, is expected to take the stand when court resumes on Tuesday. Ellison, 28, is considered the prosecution’s star witness, given her position as the head of Alameda and her personal knowledge of Bankman-Fried’s behavior. According to court documents, when one employee asks who made the decision, Ellison responds: “Um … Sam, I guess.”

Persons: Sam Bankman, Gary Wang, Wang, SBF, Mark Cohen, Fried, FTX, Christian Everdell, Stephanie Keith, Everdell, “ FTX, ” Wang, ” FTX, Caroline Ellison, Ellison, Sam Organizations: New, New York CNN, Alameda Research, Bankman, Alameda, Bloomberg, Getty, “ Locations: New York, Alameda

☆ The same day SBF promised his hedge fund wasn't getting special treatment, FTX gave it an unlimited line of credit — which other customers didn't get
▼ + stars: | 2023-10-06 | by ( Katie Balevic | ) www.businessinsider.com time to read: +5 min

The same day, the FTX rolled out a feature allowing Alameda to get an unlimited line of credit. Those other accounts signed a line of credit agreement, but Alameda was never required to sign such an agreement, Wang testified. He increased Alameda's line of credit incrementally to a few million, a few hundred million, a billion, and eventually tens of billions. At some point in late 2019 or early 2020, Wang checked Alameda's balance and noticed it was negative. Even doing so, Wang said Alameda's balance was still negative, meaning the money was coming from FTX customers.

Persons: Sam Bankman, Fried, —, FTX, Gary Wang, SBF, Wang, Nishad Singh, Bankman, Caroline Ellison, Sam, FTX's, Adam Yedidia, Yedidia Organizations: Alameda Research, Service, Twitter, Alameda Locations: Alameda, FTX, Manhattan, Bankman, FTT

☆ Sex, Signal messages and sabotage: SBF's top execs and Bahamas roommates tell all in court
▼ + stars: | 2023-10-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

"Sam Bankman-Fried," he said. Wang said that in response to the reporting an emergency meeting was called between Bankman-Fried, Wang and Singh, to discuss shutting down Alameda. On Nov. 12, after FTX declared bankruptcy, Bankman-Fried asked Wang to drive with him to the Bahamas Securities Commission for a meeting. Yedidia said Bankman-Fried had told him, before he began working in the Bahamas in 2019, that he and Ellison had sex. Bankman-Fried asked Yedidia if it was a good idea for them to date, to which Yedidia said no.

Persons: Adam Yedidia, Sam Bankman, Jane Rosenberg, —, Gary Wang, Nicolas Roos, Wang, FTX, Nishad Singh, Caroline Ellison, Mr, Roos, Ellison, Fried, Reuters Wang, District Judge Lewis Kaplan, Singh, Yedidia, Bankman, Sam, Christian Everdell, he's, I'm, Matt Huang, Yuki Iwamura, Huang, Dawn Giel Organizations: Federal Court, Reuters, MIT, U.S, Alameda Research, District, Prosecutors, Bahamas Securities Commission, Massachusetts Institute of Technology, Google, Alameda, United, Paradigm, FTX, Bloomberg, Getty Locations: FTX, New York City, Bahamas, Manhattan, U.S, Alameda, Bahamian, New York, China, Minnesota, FTX's Hong Kong, Nassau, Bankman

☆ Exclusive: Iraq to end all dollar cash withdrawals by Jan. 1, 2024, central-bank official says
▼ + stars: | 2023-10-05 | by ( Timour Azhari | ) www.reuters.com time to read: +4 min

But dollars deposited in 2024 could only be withdrawn in local currency at the official rate of 1,320. The parallel market rate of the Iraqi dinar sat at 1,560 on Thursday, roughly 15% percent below the official rate. Here you go, you can use the card inside Iraq at the official rate, or if you want to withdraw cash, you can at the official rate in dinars," Ahmed said. "But don't talk to me about cash dollars anymore." He added: "As long as all transparent and legal financing operations happen via us (at the official rate), the rest does not matter."

Persons: Mazen Ahmed, It's, Ahmed, Timour Azhari, William Maclean 私たち Organizations: New York Federal Reserve, CBI, Reuters Locations: BAGHDAD, Iraq, Iran, Iraqi, U.S, Syria, Tehran, Baghdad

NEW YORK (AP) — Prosecutors went to the heart of their case against FTX founder Sam Bankman-Fried on Thursday as the company's co-founder began his testimony, telling a New York jury that he and Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year. Bankman-Fried, 31, who has been jailed since August, was brought to the United States from the Bahamas last December after he was charged in Manhattan federal court. Defense lawyers say Bankman-Fried had no criminal intent as he took actions to try to save his businesses after the cryptocurrency market collapsed. The others are Carolyn Ellison, Alameda Research's former chief executive and a former girlfriend of Bankman-Fried, and Nishad Singh, the former engineering director at FTX. He said he lived with Bankman-Fried and other top executives in June or July of 2022 when he told Bankman-Fried one day that he was concerned that Alameda owed FTX a large debt.

Persons: — Prosecutors, Sam Bankman, Fried, Gary Wang, Fried's, Wang, FTX “, ” Wang, Lewis A, Kaplan, Carolyn Ellison, Nishad Singh, Adam Yedidia, Bankman, “ Sam, ” Organizations: —, New, Alameda Research, FTX, Bankman Locations: New York, Alameda, United States, Bahamas, Manhattan, Bankman, Fried, China, Minnesota, FTX

☆ FTX co-founder admits he and Sam Bankman-Fried committed fraud
▼ + stars: | 2023-10-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —A key witness for prosecutors in the trial of Sam Bankman-Fried testified that both he and Bankman-Fried committed multiple financial crimes related to their oversight of now-bankrupt crypto exchange FTX. Gary Wang, who co-founded FTX with Bankman-Fried, told jurors — in compliance with an earlier plea deal — that he was guilty of wire fraud, securities fraud and commodities fraud, and that he committed those crimes under the direction of Bankman-Fried. Alameda’s ‘unlimited’ slush fundUnlike regular customers of FTX — a platform for individual investors and institutions to trade crypto — Alameda was allowed to run a negative balance and make “unlimited withdrawals” from FTX customers, Wang said. In response, “Sam said something like, ‘We were bulletproof last year; we’re not bulletproof this year,’” Yedidia told the jury. The $8 billion represented the money that FTX customers would be owed if they decided to withdraw their deposits, Yedidia said.

Persons: Sam Bankman, Fried, Gary Wang, Wang, FTX, haven’t, Mark Cohen, Nicolas Roos, ” Wang, empaneled, ‘, Adam Yedidia, Yedidia, SBF, “ Sam, ’ ” Yedidia, “, Sam, ” Yedidia, MIT undergrads, ” Organizations: New, New York CNN, Alameda Research, Prosecutors, MIT Locations: New York, Alameda, FTX

REUTERS/Amanda Andrade-Rhoades./File Photo Acquire Licensing RightsOct 4 (Reuters) - The U.S. Justice Department will not target companies that disclose wrongdoing they find by businesses they are buying in a bid to encourage more self-disclosure, the Deputy Attorney General said on Wednesday. To get credit, companies must disclose the misconduct discovered at the other firm within six months of the deal closing, and they will have one year from closing to fully remediate, Monaco said. The new program is the latest in a series of policy changes announced under President Joe Biden designed to simultaneously promote corporate compliance while holding bad actors more accountable. Earlier this year, the Justice Department rolled out a new clawback program designed to have executives foot the bill for misconduct. The agency has been boosting resources for corporate criminal enforcement, Monaco said when asked about a slowdown in enforcement.

Persons: Lisa O, Monaco, Amanda Andrade, Rhoades, General, Lisa Monaco, Joe Biden, Chris Prentice, Andrew Goudsward, Bill Berkrot Organizations: Department of Justice, REUTERS, U.S . Justice, DOJ, Justice Department, Monaco, Albemarle Corp, Thomson Locations: Ukraine, Russian, Washington ,, Chicago, Monaco

REUTERS/Jim Bourg/File Photo Acquire Licensing RightsNEW YORK, Sept 29 (Reuters) - The U.S. securities regulator on Friday said it had fined 12 companies, including brokers, investment advisers and credit rating firms, for record keeping failures. The Securities and Exchange Commission (SEC) said the companies, including Interactive Brokers Corp, Fifth Third Securities and Nuveen Securities, agreed to pay a total of $79 million and admitted they violated the record keeping rules. Credit rating agencies DBRS Inc. and Kroll Bond Rating Agency, LLC also agreed to pay civil penalties to settle SEC charges related to the record-keeping failures, the regulator added. Employees at both firms failed to preserve electronic communications, including off-channel messages on personal and work-issued devices, the SEC said. To settle the charges, DBRS agreed to pay $8 million in civil penalties and KBRA agreed to pay $4 million in civil penalties, the SEC said.

Persons: Jim Bourg, Kroll, DBRS, KBRA, Chris Prentice, Carolina, Barbara Lewis Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Securities, Interactive Brokers Corp, Fifth Third Securities, Nuveen Securities, Reuters, Wall, DBRS Inc, Kroll Bond Rating Agency, Employees, Thomson Locations: Washington, U.S

☆ Bankman-Fried trial poses biggest test to date for crypto's top cop
▼ + stars: | 2023-09-29 | 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: +6 min

Bankman-Fried's will be the first of Williams' blockbuster white collar cases to go to trial. The cases Williams, 43, has brought so far show he has been a "steward" of the SDNY's longstanding priorities, said Kan Nawaday, who overlapped with Williams at the office. Prosecutors had described the cases as the first insider trading cases brought involving digital assets. Williams' charges against Bankman-Fried came just one month after FTX's collapse, which former prosecutors say is very fast for a complex white collar case. WILLIAMS HAS STRUGGLED WITH SELF-DOUBTBankman-Fried's trial comes after some setbacks and amid ongoing challenges for Williams' office.

Persons: Damian Williams, Mike Segar, Sam Bankman, Williams, Charlie Javice, Bill Hwang, Joe Lewis, Javice, Hwang, Lewis, Kan Nawaday, He's, Venable, Prosecutors, Alex Mashinsky, WILLIAMS, SDNY's, John Paul Stevens, General Merrick Garland, Garland, Joe Biden, Bob Menendez, Menendez, Fried, Joshua Naftalis, Pallas, Brian Benjamin, haters, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: Attorney, Southern, of, REUTERS, U.S, Yale Law School, Archegos Capital Management, Supreme, Allianz's U.S, Allianz, Bankman, New, Columbia Law School, Thomson Locations: Manhattan, New York City , New York, U.S, of New York, English, Jersey, Bahamas, Caribbean, New York, Bronx, Georgia

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. One said some firms could pay as much as $50 million. The SEC has previously negotiated two other large group settlements as part of its "off-channel" communications probe. In August, regulators fined nine Wall Street firms, including Wells Fargo (WFC.N) and Societe Generale (SOGN.PA), a combined $549 million over employees' use of personal messaging apps. In September 2022, it fined 16 firms, including Goldman Sachs, Morgan Stanley, Citigroup and Bank of America, $1.8 billion for similar lapses.

Persons: Jim Bourg, Spokespeople, Oppenheimer, Voya, Wells, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Chris Prentice, Carolina, Michelle Price, Jacqueline Wong Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Reuters, Truist Financial Corp, US Bancorp, Voya Financial, LPL, Interactive, Oppenheimer, Fifth Third Bancorp, Fifth, Truist, Wall Street, Societe Generale, Citigroup, Bank of America, JPMorgan, Thomson Locations: Washington

☆ Trump's 'corporate death penalty' explained: veteran Manhattan fraud prosecutors describe what's next
▼ + stars: | 2023-09-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

A Manhattan judge on Tuesday found Trump and his real-estate company liable for fraud. The judge ordered Trump Organization's New York corporate charters revoked immediately. AdvertisementAdvertisementExperts are calling it the "corporate death penalty." AdvertisementAdvertisementTrump continues to own his buildings, agreed Moscow and another veteran Manhattan financial crimes prosecutor, Diana Florence, now also in private practice. Trump can't tell the receiver what to do," she said.

Persons: Trump, —, Donald Trump, Letitia James, James, it's, NRA –, John Moscow, Arthur Engoron's, Arthur Engoron, Baach Kaufmann Middlemiss, Diana Florence, Florence, what's, It'll Organizations: Manhattan, Trump Organization's New, Service, Trump Organization, NRA, Trump Organization . New, New York, New, Trump Locations: Trump Organization's New York, Manhattan, New York, York, Moscow

The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., U.S., May 12, 2021. DWS Investment Management Americas made "concerning" misstatements regarding its ESG investment process, the U.S. Securities and Exchange Commission (SEC) said in a statement. Separately, the SEC found DWS failed to develop a mutual fund anti-money laundering program as required by law. Reuters in July reported that the SEC was preparing to slap DWS with a fine after a two-year probe into allegations of "greenwashing". Under Democratic leadership, the SEC has pledged to crack down on the inflating of ESG credentials to attract investors.

Persons: Andrew Kelly, DWS, Goldman Sachs, BNY, Chris Prentice, Chizu Nomiyama, Emelia Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Deutsche Bank, DWS Investment Management, SEC, Regulators, Democratic, BNY Mellon, Thomson Locations: Washington ,, Germany

In those cases, the SEC asked companies to review staff messages and report to the agency how many discussed work. SEC staff reviewed only a sample of messages themselves, according to three sources with knowledge of the previous investigations. As with broker-dealers, the SEC initially sought details on investment advisers' record-keeping policies. The SEC later demanded that the investment advisers hand over the messages, the sources said. The agency is ignoring important differences in investment advisers' recordkeeping requirements, said Jennifer Han, the MFA's executive vice president and chief counsel.

Persons: Carlo Allegri, Wall, Carlyle, Gary Gensler, Jaclyn Grodin, Storrs, JPMorgan Chase, Wells, Goldman Sachs, Morgan Stanley, Jennifer Han, Chris Prentice, Michelle Price, Marguerita Choy Organizations: New York Stock, REUTERS, Securities and Exchange Commission, SEC, Reuters, Carlyle Group, Apollo Global Management, KKR, Co, TPG, Blackstone, Citadel, Apollo, Goulston, JPMorgan, Bank of America, Association, Bloomberg, Carolina, Thomson Locations: Manhattan, New York City , New York, U.S

Richard Alexander Murdaugh is seen in a mugshot taken after his arrest, at Kirkland Reception and Evaluation Center in Columbia, South Carolina, U.S. in this handout obtained March 4, 2023. South Carolina Department of Corrections/Handout via REUTERS/File Photo Acquire Licensing RightsSept 21 (Reuters) - Disbarred South Carolina attorney Richard "Alex" Murdaugh, who was convicted of murdering his wife and son, pleaded guilty in federal court on Thursday to nearly two dozen bank fraud and other financial crimes in which he stole millions of dollars. Murdaugh has appealed his murder convictions, maintains his innocence and is seeking a new trial. Federal Judge Richard Gergel is expected to sentence Murdaugh on the financial crimes at a later date. Murdaugh faces similar financial crime charges in state court and a state trial is scheduled for late November.

Persons: Richard Alexander Murdaugh, Richard, Alex, Murdaugh, Margaret, Paul, Dick Harpootlian, Maggie, Emily Evans Limehouse, he's, Richard Gergel, Rich McKay, Timothy Gardner Organizations: Kirkland, Center, South Carolina Department of Corrections, Handout, REUTERS, South, Prosecutors, United, Thomson Locations: Columbia , South Carolina, U.S, South Carolina, Charleston, Charleston , South Carolina, Atlanta

☆ China police detain some Evergrande wealth management staff
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +2 min

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Sept 17 (Reuters) - Police in southern China have detained some staff at China Evergrande Group's wealth management unit, suggesting a new investigation that could add to the property giant's woes. During protests by disgruntled investors at Evergrande's Shenzhen headquarters in 2021, Du Liang was identified by staff as general manager and legal representative of Evergrande's wealth management division. China Evergrande did not immediately respond to a request for comment on Sunday outside of normal business hours. The police said the investigation into the financial management unit was ongoing and urged investors to report any further financial crimes.

Persons: Aly, Du, Du Liang, China Evergrande, Moody's, Laurie Chen, David Kirton, Tom Hogue Organizations: China Evergrande Group, REUTERS, Rights, Police, China, Financial Wealth Management, Evergrande's Shenzhen, Reuters, HK, Thomson Locations: China, Shenzhen, Guangdong province, Rights BEIJING, China's

REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsSEOUL, Sept 15 (Reuters) - South Korea is reviewing measures to limit currency and swap traders' tenure in local dealing rooms to three to five years, starting as early as next year, two sources with direct knowledge of the matter told Reuters on Friday. "The FSS is in the process of finalizing the measures by collecting views from the bankers' federation." Money managers at local banks are fiercely opposing the move, as fraud checks are already rigorously done in their daily operations through middle- and back offices. Foreign banks with local branches will not be subject to enforcement on staffer rotations. The move could be in effect around the time the country's onshore currency market will be extended to 2 a.m. local time, or the end of London business day.

Persons: Thomas White, we're, Cynthia Kim, Kim Coghill Organizations: South, REUTERS, Rights, Reuters, Woori Bank, Financial Supervisory Service, Korean, Thomson Locations: South Korea, Rights SEOUL, London

Texas Attorney General Ken Paxton’s impeachment trial on corruption allegations is among several such proceedings that have occurred in U.S. history. In Texas, an impeachment charge from the House results in immediate suspension from office, as is the case for Paxton. The state Senate voted in 2011 to pardon him, but the House failed to concur. STATE ATTORNEYS GENERALPaxton has company as an impeached state attorney general. — South Dakota Republican Attorney General Jason Ravnsborg was impeached and convicted in 2022 for his involvement in a 2020 crash in which the car he was driving hit a pedestrian.

Persons: Ken Paxton’s, impeaches, Paxton, Joe Biden, Andrew Johnson, Abraham Lincoln's, Edwin Stanton, Bill Clinton, Monica Lewinsky, Paula Jones, —, — Republican Donald Trump, Trump, Evan Mecham of, William Holden of, Rod Blagojevich, Barack Obama, GENERAL Paxton, Jason Ravnsborg, Roland Boyton, William French, Alcee Hastings, Charles L, Crum of Montana, Jennifer Farrar Organizations: GOP, Democratic, U.S, Senate, Radical Republicans, — Republican, GOVERNORS, Republican Gov, — Republican Gov, GENERAL, — South, — South Dakota Republican, Republican, District, Montana Senate, AP statehouse Locations: Texas, U.S, Austin, Evan Mecham of Arizona, William Holden of North Carolina, Illinois, —, — South Dakota, — In Kansas, Paxton , Texas, Florida, Montana, New York

☆ Wells Fargo: Former executive avoids prison time for her role in fake-accounts fraud
▼ + stars: | 2023-09-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Former Wells Fargo executive Carrie Tolstedt was sentenced to three years’ probation on Friday for her role in the bank’s sprawling fake-accounts scandal. Wells Fargo has spent billions of dollars over the past eight years to settle allegations related to the accounts scandal, in which Tolstedt played a key role. Tolstedt, the only Wells Fargo executive to face criminal charges in the scheme, paid $17 million to settle a civil case with the the OCC, and $3 million to settle with the SEC. She received a $125 million retirement package when she left Wells Fargo, though the bank has clawed back about $67 million of that. Wells Fargo has struggled to get its house in order since the fake account scandal.

Persons: Carrie Tolstedt, Tolstedt, Wells Fargo, Wells, John Stumpf, Stumpf, Jeff Skilling, — CNN’s Matt Egan Organizations: New, New York CNN, Former Wells, Securities and Exchange Commission, OCC, SEC, Wells Locations: New York, Wells Fargo’s, Wells Fargo

Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon/File Photo Acquire Licensing RightsCompanies Wells Fargo & Co FollowSept 15 (Reuters) - The former head of Wells Fargo's (WFC.N) retail bank on Friday avoided prison time after pleading guilty to an obstruction charge related to the bank's sweeping fake-accounts scandal. Prosecutors had sought a one-year prison term for Tolstedt, but the judge said it would unfairly make Tolstedt appear solely responsible for Wells Fargo's misconduct. That cap remains in place, though Wells Fargo remains the fourth-largest U.S. bank. Wells Fargo has also clawed back tens of millions of dollars of her pay.

Persons: Wells Fargo's, Carrie Tolstedt, Josephine Staton, Wells, Tolstedt, Martin Estrada, Wells Fargo, John Stumpf, Stumpf, Chris Prentice, Jonathan Stempel, Jaiveer Singh, Shounak Dasgupta, Matthew Lewis Organizations: REUTERS, Companies Wells, U.S, San, Wells, Prosecutors, Federal Reserve, Securities and Exchange Commission, Thomson Locations: Wells Fargo Bank, New York City, U.S, Los Angeles, San Francisco, America, Wells, New York, Bengaluru

☆ U.S. Treasury official says Iraq must act to avoid further action on banks
▼ + stars: | 2023-09-14 | by ( Timour Azhari | ) www.reuters.com time to read: +6 min

Employees walk at the headquarters of the Central Bank of Iraq in Baghdad, Iraq August 15, 2023. Despite the crackdown, the senior U.S. Treasury official, who spoke on condition of anonymity, said there were still other Iraqi banks operating with risks "that must be remediated". Iraq's central bank governor has said Iraq is committed to implementing tighter financial regulations and combating the smuggling of dollars. The central bank did not immediately respond to a request for comment on Thursday. However, there were still "vested interests comfortable with the status quo that can create friction to driving change," the Treasury official said, without identifying who these were.

Persons: Ahmed Saad, Farhad Alaadin, Alaadin, Saddam Hussein, Mohammed Shia Al, Timour Azhari, Alexander Smith Organizations: Central Bank of, REUTERS, Treasury, U.S, Reuters, Iraqi, U.S . Federal, Iraq, U.S . Treasury, Thomson Locations: Central Bank of Iraq, Baghdad, Iraq, Iran, BAGHDAD, U.S, United States, Iraqi, Iranian, Tehran, Iraq's

☆ Anna Delvey, the ‘fake heiress’, hosted a rooftop fashion show — under house arrest
▼ + stars: | 2023-09-13 | by ( Jacqui Palumbo | Alex Rees | ) edition.cnn.com time to read: +7 min

New York City CNN —Swarming crowds and extravagant locations are par for the course at New York Fashion Week. On Monday, a packed rooftop show hosted by convicted felon Anna Delvey became one of the more unusual runways the city has seen in recent years. Delvey (left), wearing a bedazzled suit jacket designed by Shao Yang, poses with publicist Kelly Cutrone (right) after the show. Courtesy ShaoModels in the lobby of Delvey's East Village apartment building before beginning their ascent to its rooftop. As the crowd swelled, designer Yang was at one point almost denied access to her own show.

Persons: Anna Delvey, ”, Anna ”, Delvey, Shao Yang, Kelly Cutrone, Shao, Dominik Bindl, “, Cutrone, —, Delvey’s —, Yang, Nicola Formichetti, Leah McSweeney, ’ Yang, ” Yang Organizations: York, York City CNN, New York, Netflix, People’s, Agency, CNN, Housewives, New Locations: York City, Germany, New York, New, Delvey’s

He wants to shut down five federal agencies, including the FBI and the Department of Education. Even as he runs against Trump, Ramaswamy has repeatedly praised him as the most effective president this century. Ramaswamy is not the only Republican candidate to suggest slashing the federal workforce. They have been working on drafting a plan for when Trump returns to the White House to oust federal employees and replace them with like-minded officials. Regarding the plan for the FBI, Ramaswamy said he would fire 20,000 employees deemed to be in non-essential roles and send 15,000 to the U.S.

Persons: Vivek Ramaswamy, Donald Trump, headcount, ” Ramaswamy, Trump, Ramaswamy, Matt Gaetz, Trump’s, Ron DeSantis, ”, “ Organizations: FBI, Trump, America, Policy Institute, Department of Education, Regulatory Commission, Alcohol, Tobacco, Firearms, Explosives, Food and Nutrition Service, U.S, Rep, Republican, Florida Gov, Internal Revenue Service, Department of Commerce, Department of Energy, U.S . Marshals Service, Drug Enforcement Administration, U.S . Department of, Treasury Locations: Washington, Florida

[1/2] The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. A lawyer for Stoner Cats did not respond immediately to requests for comment. Stoner Cats is an adult animated series about house cats that become sentient after being exposed to their owner's medical marijuana, which is used to alleviate early Alzheimer's symptoms. The NFTs provided holders with exclusive access to watch "Stoner Cats" online.

Persons: Andrew Kelly, NFTs, Jane Fonda, Mila Kunis, Ashton Kutcher, Seth MacFarlane, Chris Rock, Stoner, Carolyn Welshans, Jonathan Stempel, Chris Prentice, Deepa Babington Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Stoner, U.S, Securities, SEC, Investors, Stoner Cats, Thomson Locations: Washington ,, New York

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Sept 12 (Reuters) - The U.S. Securities and Exchange Commission on Tuesday said it has charged a former national office leader at audit firm Marcum LLP over quality control failures, the regulator said in a statement. The SEC said Alfonse Gregory Giugliano, a certified public accountant, failed to sufficiently address and remediate deficiencies in the firm's quality control system. In his role as a National Assurance Services Leader, he was aware of numerous deficiencies in Marcum's quality control system, the SEC said. The SEC in June charged marcum with a $10 million penalty for standards violations related to its audit work for hundreds of special purpose acquisition companies, or SPACs.

Persons: Andrew Kelly, Marcum, Alfonse Gregory Giugliano, Giugliano, Nikola, Chris Prentice, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, National Assurance Services Leader, DraftKings Inc, Thomson Locations: Washington ,

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