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☆ A $75 Million Sale at 220 Central Park South Is One of the Year’s Biggest
▼ + stars: | 2023-11-03 | by ( Vivian Marino | ) www.nytimes.com time to read: +1 min

A flurry of big sales closed in New York City during October, including one of the year’s priciest, a full-floor aerie at 220 Central Park South purchased in a private deal for $75 million. A 79th-floor apartment at 432 Park Avenue sold for $65.6 million; a new penthouse at Steinway Tower, at 111 West 57th Street, for just under $53 million; and a high-floor sponsor unit at 217 West 57th Street, a.k.a. Central Park Tower, for $46.2 million. On the Upper East Side, at 768 Fifth Avenue, better known as the Plaza Condominium and Residences, an apartment sold for $65.8 million. The mansion once owned by the banker David Rockefeller, at 144-146 East 65th Street, sold for $47 million.

Persons: David Littman, Constance Littman, ’, David Rockefeller, Wears, ”, Meryl Streep’s imperious, Miranda Priestly Organizations: Park South, Steinway Locations: New York City, a.k.a

A jury found Sam Bankman-Fried guilty of financial crimes in his five-week Manhattan trial. The defense said Bankman-Fried simply didn't know and his executives were to blame. AdvertisementAdvertisementA jury found Sam Bankman-Fried guilty of seven counts of fraud and conspiracy in his criminal trial in Manhattan federal court after deliberating for about four and a half hours on Thursday. AdvertisementAdvertisementCharges against Bankman-Fried included wire fraud, conspiracy to commit wire fraud, conspiracy to commit securities fraud, conspiracy to commit commodities fraud, and conspiracy to commit money laundering. Ellison – along with execs Gary Wang and Nishad Singh – pleaded guilty to wire fraud and conspiracy charges and testified against Bankman-Fried at the trial, each emphasizing how they committed crimes at Bankman-Fried's direction.

Persons: Sam Bankman, —, Caroline Ellison, Ellison –, execs Gary Wang, Nishad Singh –, Fried Organizations: Prosecutors, Service, Inner City Press, Alameda Research, Washington , D.C, Bankman, Alameda Locations: Manhattan, Bahamas, Washington ,, FTX, Alameda, Bankman

☆ Here are the emails, texts and photos that could put Sam Bankman-Fried in prison for life
▼ + stars: | 2023-11-02 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried.

Persons: Sam Bankman, Fried, FTX, Renato Mariotti, Bryan Cave Leighton, Caroline Ellison, —, Alameda —, Ryan Pinder, Rob Creamer, didn't, Ellison, he'd, HOOD, they'll, FTX's, Sun, Bankman, Stephen Curry, Tom Brady, Giselle Bundchen, Larry David, Nishad Singh, Michael Kives, Bryan Baum, Hillary Clinton, Katy Perry, Orlando Bloom, Leonardo DiCaprio, Kris, Kylie Jenner, SDNY Singh, Baum, Drappi, Jane Rosenberg, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Ryan Salame, Changpeng Zhao, Michael Lewis, Singh, Lewis Organizations: U.S . Justice Department's Securities, Commodities, Lawyers, U.S, Alameda Research, Alameda, Geneva Trading, FIA, Traders Group, Wall Street Journal, Google, shuttering, Prosecutors, NBA, Major League Baseball, K5, Federal Court Locations: Chicago, Bahamas, Bankman, Alameda, FTX, shuttering Alameda, Hong Kong, New York City, U.S, Sequoia, Alameda's

☆ Sam Bankman-Fried’s Wild Rise and Abrupt Crash
▼ + stars: | 2023-11-02 | by ( David Streitfeld | More About David Streitfeld | ) www.nytimes.com time to read: +2 min

If they get insanely rich in the process, well, that only proves how great their idea was in the first place. (The truth was that her technology didn’t work and placed customers at risk by giving them unreliable results.) He calculated the odds on everything — he thought there was a 5 percent chance he would become president of the United States. He figured he would help humanity by making a fortune and then giving it all away, a philosophy known as effective altruism. He never did much to disguise the fact that he lived with some of his FTX pals in a $35 million penthouse.

Persons: Elizabeth Holmes, Florence Nightingale, FTX, Fried, “ Organizations: Forbes Locations: United States

☆ Opinion: Matthew Perry wanted to escape being Chandler Bing
▼ + stars: | 2023-11-02 | by ( Jane Carr | Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

Commentators have paid tribute to Perry and to Chandler in equal measure. As Perry made clear in his 2022 autobiography, “Friends, Lovers, and the Big Terrible Thing,” it did not. Chandler, Perry insisted, was a front. Three weeks before his audition for “Friends,” Perry said he fell to his knees and prayed “God, you can do whatever you want to me. Though Perry wanted to escape Chandler, he kept him around, because heaven forbid anyone saw what he was hiding.

Persons: Holly Thomas, Katie Couric, Matthew Perry, Chandler Bing, Holly Thomas Holly Thomas, Perry, Chandler, they’d, ”, he’d, , ” Perry, “, Perry’s, unencumbered, Monica, Jennifer Aniston, George Clooney, Michael J, ’, couldn’t, Roger Organizations: Katie Couric Media, CNN, “, Fox Locations: London, Los Angeles, New York, Canada

☆ Storylines Residential Cruise Faces Backlash From Investors, Ex-Employees
▼ + stars: | 2023-11-01 | by ( Kate Taylor | Brittany Chang | ) www.businessinsider.com time to read: +31 min

Storylines' first cruise ship was initially scheduled to launch in 2019; it's now set for December 2026. Nine former employees, consultants, and investors told Insider that they'd come to doubt the MV Narrative would ever be built. The only existing residential cruise ship is The World. Many Storylines buyers remain optimistic about the residential cruise ship. "The ball is in your court," Punton told buyers in July in a video that's since been taken down.

Persons: Alister Punton, Punton, Shannon Lee, Mike Kasperzak, Jim Holt, Holt, Angela Nuran, Paul Cosentino, Cosentino, We're, Lee, it's, Alexandre Caillol, Condé, superyachts, Sean Fremder, Weeks, Caillol —, —, Marco Polo —, PitchBook, Alexandra Zodian —, Caillol, Michael Edwards, Edwards, he'd, Martin Buggy, Melissa Edyvean, Edyvean, Paul Read, Salvatore R, Mercogliano, Pat Helmers, Helmers, Michael Perisi, Andrew Lentz, didn't, Lentz, Wrocław . Lentz, Andrew, I'm, Lee ., Dick Rosman —, Lee —, Krzysztof Kontek, Kontek's, Michal Jackiewicz, Brodosplit, Brian Martin, Read, Nuran, We've, he's, New Zealand —, Kasperzak, " Lentz Organizations: Punton, Army, West —, Industry, CNN, Brodosplit, Regent Seven Seas, Wall Street Journal, Korea's Samsung Heavy Industries, Utopia, Beverly Hills, Rock City, The Raiders, Raiders, Holland America's, Mariners, New Zealand Locations: massages, Croatian, Beverly, Punton, Queensland, Australia, Broadbeach, California, Rock, Brisbane, Netherlands, Caillol, Polynesia, French Polynesia, France, London, Australian, British, Delaware, Sweden, Tahiti, Perth, Ecuador, Poland, Wrocław, Mexico, Florida, New

☆ Sam Bankman-Fried built crypto empire on 'pyramid of deceit,' prosecutors say in closing
▼ + stars: | 2023-11-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

FTX Founder Sam Bankman-Fried leaves Manhattan Federal Court after a court appearance on June 15, 2023 in New York City. The main thing the jury has to decide, Roos said, is whether Bankman-Fried knew that taking the money was wrong. "It was uncomfortable to hear," Roos said, adding that Bankman-Fried said "I can't recall" over 140 times during questioning by the government. Roos said Bankman-Fried is the one who gave special privileges to Alameda, which he started before founding FTX, allowing it to siphon customer money. In referencing the Super Bowl picture with Katy Perry and others, Roos called Bankman-Fried a "celebrity chaser."

Persons: Sam Bankman, Michael M, they've, FTX, Nicolas Roos, Roos, there's, Fried, Caroline Ellison, Bankman, Gary Wang, Danielle Sassoon, Jane Rosenberg, Mark Cohen, he'd, Judge Lewis Kaplan, Ellison, didn't, Singh, Katy Perry, —, Dawn Giel Organizations: Santiago, Getty, Prosecutors, Stanford, Massachusetts Institute of Technology, Alameda Research, Reuters, Miami Heat, MIT, FTX, Skybridge Locations: Manhattan, New York City, Alameda, U.S, California, Hong Kong, Roos's, Bahamas, Bankman

NEW YORK (AP) — FTX founder Sam Bankman-Fried testified at his New York trial on Friday, denying that he defrauded anyone but acknowledging that the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead. “It turned out basically the opposite of that,” and a lot of customers and others got hurt, Bankman-Fried said. After the jury was sent home Thursday, Bankman-Fried testified in front of the judge about his communications with lawyers as he built his cryptocurrency empire. The executives testified that Bankman-Fried directed them to spend billions of dollars taken from the accounts of FTX customers and funneled through Alameda Research, a hedge fund he started in 2017, two years before he created the FTX cryptocurrency exchange. ___For more AP coverage of Sam Bankman-Fried and FTX: https://apnews.com/hub/sam-bankman-fried

Persons: — FTX, Sam Bankman, Fried, Mark Cohen, “, Judge Lewis A, Kaplan, ” Kaplan Organizations: Prosecutors, Alameda Research Locations: York, Manhattan, California, Bahamas, Bankman, New York, Palo Alto , California, Alameda

“We’ll just have to commiserate about the Eagles’ chances this year,” Mr. Holt said. Guests were seated at long tables for dinner — burrata and branzino — topped with flowers and cans of La Croix, which was one of the event’s sponsors. The comedian and actor Mae Martin shared a table with Eriona Hysolli, a scientist who is overseeing efforts to reintroduce the extinct woolly mammoth in Siberia. “There is an inherent ranking that comes with a list, which I feel, like, is always difficult to wrap your mind around when you’re talking about art,” he said. Mr. Torres said he turned preparation for the evening “into a project” by making an outfit, which included a pointy gold hat with a matching gold jacket and a blue tie around his waist.

Persons: “, ” Mr, Holt, — burrata, —, Celine Song, Silver Iocovozzi, Grace Wales Bonner, Emily Adams Bode Aujla, Mae Martin, Eriona Hysolli, Tom Steyer, Kelsea Ballerini, ” Julio Torres, ”, Torres Organizations: Eagles, Democratic, HBO Locations: La Croix, Siberia

☆ 11 of the biggest bombshells from Sam Bankman-Fried's FTX fraud trial
▼ + stars: | 2023-10-25 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

The stress of the scheme left a key executive 'suicidal for days'Nishad Singh testified against his former boss in court. Jane Rosenberg/ReutersNishad Singh, the head engineer at FTX, testified against Bankman-Fried and spoke to the intense pressure of the scheme. As customers began to withdraw their deposits, FTX didn't have enough liquid cash to actually give them their funds. Instead of working together to solve the issue, executives blamed each other, Singh testified. "In response, Sam said something like, 'We were bulletproof last year, but we're not bulletproof this year,'" Yedidia testified.

Persons: Sam Bankman, —, Fried, Caroline Ellison, Gary Wang, Nashad Singh, SBF, Ellison, he'd, Nishad Singh, Jane Rosenberg, Reuters Nishad Singh, Singh, I'd, Wang, FTX's, Bankman, Sam, Adam Yedidia, Yedidia, FTX didn't, FTX, Michael M, Ellison Yedidia, Caroline, Getty, Alameda's, — Ellison, Christian Drappi, Drappi, Alameda — Ellison Organizations: Service, Prosecutors, Alameda Research, Street, Reuters, Bankman, NEW, Manhattan Federal Court, Getty, FTX, MIT, Alameda Locations: Manhattan, Brooklyn, FTX, Bankman, Alameda, United States, Bahamas, New York City, China, Alameda's Hong Kong

☆ Sam Bankman-Fried's ex-friends and top lieutenants all demolished his criminal defense from the witness stand
▼ + stars: | 2023-10-21 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

Sam Bankman-Fried's defense attorneys have argued that FTX's collapse is complicated and he didn't know everything. AdvertisementAdvertisementDuring opening statements at Sam Bankman-Fried's trial, it quickly became clear that prosecutors and his defense attorneys had very different approaches. But Bankman-Fried's attorneys may convince jurors that Bankman-Fried genuinely believed his actions were acceptable in the wild-west cryptocurrency industry. The challenge for Bankman-Fried's attorneys is to convince jurors that he didn't know about any wrongdoing. "Sam directed me to," Ellison testified.

Persons: Sam Bankman, They've, —, — Caroline Ellison, Gary Wang, Nishad Singh —, Thane Rehn, Rehn, Mark Cohen, Ellison, Cohen, FTX, Crypto, it's, Sam Bankman Fried, Craig Ruttle, Sarah Krissoff, Cozen O'Connor, Fried, Krissoff, Singh, Wang, Paul Tuchmann, Wiggin, Dana, Sam, Caroline Ellison, Eduardo Munoz Alvarez, Gary, Sun, He's Organizations: Service, Prosecutors, Alameda Research, Alameda Locations: Manhattan, Washington, Bankman, Alameda, New York, FTX, Bahamas

And when Robert Van Winkle, better known as Vanilla Ice, sang his 1990 hit “Ice Ice Baby,” flanked by 10-foot sparklers, he pulled the Sugar Ray frontman Mark McGrath onstage. This was Cameopalooza 2021, a company retreat celebrating the meteoric rise of Cameo, an app and website where regular people could buy personalized videos from minor celebrities for as little as $1. Three hundred Cameo employees danced, took videos and basked in their good fortune to be a part of the Cameo “Fameo” — the company’s nickname for its employees and community of celebrities. A former collegiate party promoter, he shared the lifestyle of Cameo’s celebrity talent, jet setting between parties, sporting events and luxury homes in Miami, Los Angeles, and Chicago. Cameo had just raised $100 million on the audacious ambition to pioneer the “connection economy,” landing a $1 billion “unicorn” valuation just a few years into its existence.

Persons: Kenny G, Paula Abdul, Hamilton, Lance Bass, Robert Van Winkle, Ray, Mark McGrath, Jack Harlow, Steven Galanis, Cameo Organizations: Chicago, Hilton Locations: American, partied, Miami , Los Angeles, Chicago

☆ New York AG demands evidence review after top Trump exec is accused of lying in fraud trial
▼ + stars: | 2023-10-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

New York Attorney General Letitia James' office suggested Thursday that the Trump Organization failed to produce evidence in the $250 million fraud trial of Donald Trump and his company, citing a recent report accusing a key witness of lying under oath. The attorney general's suit accuses Trump, his sons Donald Trump Jr. and Eric Trump, the Trump Organization and top executives of misstating the true values of properties to obtain tax advantages and better terms on loans and insurance. Wallace, in his letter, proposed that an independent monitor conduct a forensic review of electronic data held by the Trump Organization from August to September 2016. The alleged failure to produce those emails follows "multiple affidavits on behalf of the Trump Organization attesting to the completion of their production obligations," Wallace wrote. Weisselberg, who has been loyal to Trump, served jail time for tax fraud in a criminal case related to his work at the Trump Organization.

Persons: Allen Weisselberg, Donald, Letitia James, Donald Trump, Kevin Wallace, Judge Arthur Engoron, Trump's, Trump, Donald Trump Jr, Eric Trump, James, Wallace, Weisselberg, Forbes, Steven Ekovich, Engoron Organizations: New York, Trump Organization, Forbes Magazine, Forbes, Trump, Attorneys Locations: Manhattan, New York, Weisselberg, U.S

☆ Tempest in a triplex: Trump accused of failing to turn over fraud-trial documents relating to his NY penthouse
▼ + stars: | 2023-10-19 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

A civil fraud trial, at which Trump risks being banned from doing business in NY, is in week three. Evidence 'omissions' include emails to Forbes concerning the worth of Trump's NY penthouse. AdvertisementAdvertisementThe Trump Organization may have failed to turn over fraud-trial evidence relating to the size of Donald Trump's triplex penthouse, New York officials alleged on Thursday, in demanding a new "forensic" search of the company's business records. "In some instances, it's been pulling teeth to get documents," Wallace complained during a hearing in April of last year. But these had not been turned over by the Trump Organization, the letter said.

Persons: —, Donald Trump's, –, Forbes, Letitia James, James, Barbara Jones, Kevin C, Wallace, Arthur Engoron, Trump, week's Forbes, Allen Weisselberg, Weisselberg Organizations: Trump, Forbes, Service, Trump Organization, Trump Org, New York, The Trump Organization Locations: NY, New York, Trump, Manhattan

☆ Read the secret Signal messages that could help put Sam Bankman-Fried behind bars
▼ + stars: | 2023-10-19 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Sam Bankman-Fried appears at federal court in New York on Oct. 4, 2023, in this courtroom sketch. Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. In a direct appeal to Bankman-Fried, Singh wrote on Nov. 6, 2022, "one thing that'd seriously help me is if I didn't have debts." Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.

Persons: Sam Bankman, Fried, Claudia Johnson, Caroline Ellison, Gary Wang, Nishad Singh, Ryan Salame, Damian Williams, Yuki Iwamura, Ellison, Bankman, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Singh, Wang, reassurances, FTX, Changpeng Zhao, he'd, Um, Sam, Binance, Zhao, it's, Sam Trabucco, Ben Xie, Michael Lewis, Lewis, Adam Yedidia, Yedidia, chares, SDNY Singh, Gabe, Salame, Michael Sadowsky, Sadowsky, FTX's, Dawn Giel Organizations: Alameda Research, Stanford, Bloomberg, Getty, Massachusetts Institute of Technology, alameda, Prime Trust Bank Locations: New York, Alameda, Manhattan, U.S, FTX, Sequoia, Alameda's, Bahamas

☆ He Surprised His Wife With a Penthouse. Just One Problem: She Hated It.
▼ + stars: | 2023-10-17 | by ( Amy Gamerman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/real-estate/buying-a-home-as-a-surprise-a52ab9a7

Persons: Dow Jones, a52ab9a7

☆ 'I'd been suicidal for days': Sam Bankman-Fried lieutenant testifies about immense pressure to keep FTX crypto scam going — before it all crashed
▼ + stars: | 2023-10-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

He testified at the Sam Bankman-Fried trial that he was 'suicidal' over the crypto scam. AdvertisementAdvertisement"I've always been intimidated by Sam," Singh testified Monday. Before the September 2022 realization that Alameda was taking FTX customer money, Singh had participated in fraudulent activity in other ways. When he returned, the FTX CEO told Singh that he believed he could get $5 billion more in investments, Singh testified. As the chaos continued to roil FTX, Bankman-Fried, Ellison, and other executives pointed fingers at each other while employees and customers demanded answers, Singh said.

Persons: Nishad Singh, Sam Bankman, —, Singh, Gary Wang, Caroline Ellison, Wang, Fried, unsurprised, Ellison —, Ellison, FTX wouldn't, he'd, Gabe Bankman, Adam Yedidia, Singh —, Ryan Salame —, Singh's, Sam, FTX, Mary Altaffer, Anthony Scaramucci, Seth Wenig, Salame —, funneling, Coindesk, FTX —, Binance, Jane Rosenberg Bankman, Bankman, I'd, roil Organizations: Service, Alameda Research, Bankman, Alameda, AP, Democratic, Prosecutors, REUTERS Locations: Alameda, FTX, Bahamas, Manhattan, New York, Bankman

☆ Sam Bankman-Fried directed political donations despite $13 bln 'hole', ex-colleague testified
▼ + stars: | 2023-10-16 | 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: +5 min

Singh said another FTX executive had told him the deals were meant to help spur user growth. 'I WAS A STRAW DONOR'Bankman-Fried's trial, which started on Oct. 3, has so far focused largely on how prosecutors say Bankman-Fried allowed Alameda to plunder FTX customer funds. Singh gave jurors a window into Bankman-Fried's political operation. He said another FTX executive, Ryan Salame, had access to his bank account to make donations via wire transfers. "I knew that the money for those donations was coming from customer funds."

Persons: Sam Bankman, Andrew Kelly, Fried, Nishad Singh, Bankman, Singh, Tom Brady, Gisele Bundchen, Steph Curry, Larry David, Katy Perry, Orlando Bloom, Michael Kives, Hillary Clinton, FTX, Gary Wang, Caroline Ellison, Alameda's, Gabriel, Gabriel Bankman, Ryan Salame, District Judge Lewis Kaplan, Luc Cohen, Matthew Lewis, Stephen Coates Organizations: FTX, Manhattan, REUTERS, Alameda Research, U.S, Democratic, Prosecutors, Alameda, Miami Heat's, District, Monday, Thomson Locations: New York City, U.S, Alameda, Fried, . U.S, New York

Bankman-Fried was arrested in the Bahamas a month later. Singh pleaded guilty to fraud charges and agreed to testify against the man he'd known since high school. Singh said he had little influence over Bankman-Fried. “I can’t have lawyers coming in and giving drugs to people on trial because somebody says they need it. ___For more AP coverage of Sam Bankman-Fried and FTX: https://apnews.com/hub/sam-bankman-fried

Persons: —, Sam Bankman, “ blindsided, ” Nishad Singh, Fried, Singh, “, ”, he'd, ” Singh, Jeff Bezos, Leonardo DiCaprio, Tom Brady, Larry David, Judge Lewis A, Kaplan, ” Kaplan Organizations: Bankman, Alameda Research, FTX, Amazon, Miami Heat, Major League Baseball Locations: FTX, Bankman, Bahamas, Manhattan, Palo Alto , California, San Francisco, California, Miami

☆ Sam Bankman-Fried's lieutenant Nishad Singh said he was embarrassed by 'flashy' FTX spending
▼ + stars: | 2023-10-16 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +8 min

Singh testified at Bankman-Fried's trial that his concerns were almost always rebuffed. In Manhattan federal court Monday, Singh testified about how he frequently questioned and pushed back against Bankman-Fried's spending sprees and investment decisions — and was almost always rebuffed. "I would hear that my opinions were already factored in, and I didn't need to continue sharing them," Singh testified. Singh testified that he came to know Bankman-Fried through a friendship with the FTX founder's younger brother, Gabe Bankman-Fried. Infighting over expensesThe pair often disagreed on money, Singh testified.

Persons: Nishad Singh, Sam Bankman, Singh, —, Fried, Bill Clinton, Tony Blair, spender, Caroline Ellison, Gary Wang, Gabe Bankman, FTX, SBF, I've, Sam, Tom Brady, Gisele Bündchen, Steph Curry, Kevin O'Leary, Larry David, Jon Kopaloff, Fatih Aktas, Getty Images Singh, Michael Kives, Hillary Clinton, Katy Perry, Orlando Bloom, Ted Sarandos, Jeff Bezos, Kate Hudson, Leonardo DiCaprio, Corey Gamble, Kendall Jenner, Singh wasn't, Kris Organizations: Service, Bankman, Alameda, US Securities and Exchange Commission, University of California, Facebook, Engineering, Sequoia Capital, Yuga, Miami, Major League Baseball, of Legends, Getty Images, Anadolu Agency, K5 Global Locations: Bankman, FTX, Manhattan, Berkeley, Alameda, Bahamas, Kazakhstan, Albany

In a pretrial court filing, James’ office estimated that Trump exaggerated his wealth by as much as $3.6 billion. They've also called accountants Donald Bender and Camron Harris, whose firms Trump hired to prepare his financial statements. A retired Deutsche Bank official testified the financial statements were key to Trump securing hundreds of millions of dollars in loans. Weisselberg acknowledged that information in Trump’s financial statements wasn’t always accurate, such as valuing his penthouse based on the wrong size. In a decision last month, Engoron resolved the lawsuit's top claim, ruling that Trump committed years of fraud by inflating the value of assets in his financial statements.

Persons: — Donald Trump, Michael Cohen, Cohen, I’m, ” Cohen, Judge Arthur Engoron, It's, Trump, Letitia James, James ’, James, Eric, Donald Trump Jr, —, Allen Weisselberg, Jeffrey McConney, Weisselberg, ”, maligning, Patrick Birney, Mark Hawthorn, They've, Donald Bender, Camron Harris, wasn’t, “, Engoron, he'll, She's Organizations: New, Twitter, Trump, New York, Trump Organization, WHO, Longtime Trump Organization, Democrat, Deutsche Bank, Mar Locations: New York, Lago, Doral, Miami , Florida, Chicago, New York City, Manhattan, Georgia, Washington, Florida, __, Sisak, x.com

Eric Haren of the attorney general’s office showed the court several versions of internal spreadsheets from 2017 financial documents prepared by Trump Org. Ultimately the presidential premiums were never included on Trump’s financial statements. Birney, who was a senior financial analyst in 2016 when he joined Trump Org., still works there, now as vice president of financial operations. He reiterated his previous testimony that Weisselberg or former controller Jeffrey McConney would determine what methods were used to value assets that were included on Trump’s financial statements. Birney also testified that Weisselberg directed him to use low capitalization rates and top of the market comparable recent sales to value some of Trump’s assets.

Persons: Donald Trump’s, Eric Haren, Patrick Birney, Birney, Allen Weisselberg, Trump, Weisselberg, Letitia James, Jeffrey McConney Organizations: New, New York CNN — Trump Organization, Trump Org, Trump, Forbes, New York, Vornado Locations: New York

☆ Trump Org CFO Allen Weisselberg testifies it's a 'coincidence' that Trump is paying him $2 million severance
▼ + stars: | 2023-10-12 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Ex-Trump CFO Allen Weisselberg, a key fraud witness, resumed his trial testimony in NY on Thursday. His $2 million severance matches a fine he paid after keeping Trump safe in a 2022 tax-fraud trial. The witness, former Trump Organization CFO Allen Weisselberg, is almost half-way through collecting the installments of a two-year, $2 million severance package, testimony has already shown. after a New York trial in which a prosecutor accused him of shading the truth on Trump's behalf. The attorney general is seeking to bar Trump and Trump Organization from ever running a business in New York again.

Persons: Allen Weisselberg, Letitia James, Trump, —, general's, Donald Trump, Weisselberg, Louis M, Solomon, James, Jeffrey McConney, Arthur Engoron Organizations: Trump, Service, Trump Organization, Trump Org Locations: NY, York, Manhattan, Trump, New York

☆ Former Trump Finance Chief in Testimony Says Penthouse, Assets Were Overvalued
▼ + stars: | 2023-10-11 | by ( Erin Mulvaney | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Sam Bankman-Fried believed his wild hair helped him get higher bonuses early in his career and was 'very valuable,' Caroline Ellison testifies
▼ + stars: | 2023-10-11 | by ( Grace Kay | Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +4 min

Caroline Ellison told jurors that Sam Bankman-Fried curated his image, especially his messy hair. Ellison said he believed his hair was "essential to his image" and was the reason for past bonuses. AdvertisementAdvertisementSam Bankman-Fried had a carefully curated image — unruly hair and all — according to his ex-girlfriend Caroline Ellison. Additionally, Bankman-Fried encouraged Ellison to have a Twitter in order to generate positive press for the company, she said. Bankman-Fried told Yahoo Finance Live in April 2022 before FTX collapsed.

Persons: Caroline Ellison, Sam Bankman, Fried, Ellison, —, FTX, didn't, — Ellison, he'd, Jane Street, Bankman, Sam Bankman Fried, Michael Lewis, It's, Lewis Organizations: Toyota Corolla, Service, Alameda Research, Honda, Bloomberg, Yahoo Finance, FTX Locations: Manhattan, Alameda, Bankman, Bahamas, FTX

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