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☆ AMC's CEO thought he was texting naughty photos to a former ballerina fling. Then everything went haywire.
▼ + stars: | 2023-10-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

This "resentment toward her abusers" may have led her to text Aron — a wealthy, powerful man in the public eye, her lawyers said. "Send me a naughty picture," Blackwood texted, a couple weeks into their flirty exchange. When he asked for photos in return, Blackwood sent him images of an unnamed Russian model that she pulled from Instagram. "Ceo scandal is apparently lucrative," Blackwood texted, posing as Brian. AdvertisementAdvertisement"I was shown some images and I was wondering if you're available to speak," the fake reporter texted Aron.

Persons: Adam Aron's, Mia, Aron, Sakoya Blackwood, Adam Aron, Matthew Belloni, Blackwood, She'd, Evander, —, Aron —, paramour, Koya Blackwood Fews, Lila Cohen, Brian, Blackwood texted, he'd, they'd, Brian —, He'd, Brian didn't, there's, he's, abt, Aron didn't, Blackwood didn't, texted Aron, hadn't, Jeff Bezos, Bezos, fiancée Lauren Sanchez —, Aron hasn't, hasn't, Taylor, unfazed, He's Organizations: of, United States, Court Southern District of, Hollywood, AMC, Evander Childs High School, —, Instagram, Arizona, National Enquirer, ppl, FBI, Twitter, Amazon Locations: Southern, of New York, Court Southern District of New York, Bronx, Jamaica, Russian, York City, California, Sinai, Aron

☆ Sam Bankman-Fried's defense team fails to land a blow as he takes the stand
▼ + stars: | 2023-10-26 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Sam Bankman-Fried took the stand in a New York courtroom on Thursday, as he and his defense team auditioned their best legal material for U.S. District Judge Lewis Kaplan. Bankman-Fried, the son of two Stanford legal scholars, has pleaded not guilty in the case. Several of these witnesses have themselves pleaded guilty to multiple charges, including Bankman-Fried's ex-girlfriend Caroline Ellison, who faces a maximum sentence of 110 years for crimes committed while she was the CEO of Alameda. Given that the core issue will be intent to defraud, SBF should be portraying himself as clueless, inattentive, and in over his head. But for years he had portrayed himself as a visionary genius, and I don't expect that to change on the stand," he said.

Persons: Sam Bankman, Fried, District Judge Lewis Kaplan, Fried's, Mark Cohen, Dan Friedberg, SBF, Renato Mariotti, Bryan Cave Leighton, Caroline Ellison Organizations: U.S, District, Stanford, U.S . Justice Department's Securities, Commodities, Alameda Research, Prosecutors Locations: New York, Manhattan, Chicago, Alameda

☆ Sam Bankman-Fried built a career around big risks. Now he’s making his biggest wager yet
▼ + stars: | 2023-10-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —FTX founder and former CEO Sam Bankman-Fried has made a career out of risky bets that, for a while, paid off. Typically, defense attorneys advise their clients not to testify because it leaves them vulnerable to grilling by the prosecution. But at this point, Bankman-Fried doesn’t have much of a choice, legal experts say. Before his world came undone last year, Bankman-Fried was a rising star, even outside the insular world of crypto. It nonetheless helped to propel his star power and secure a $32 billion valuation for FTX.

Persons: New York CNN —, Sam Bankman, Fried, ”, Howard Fischer, Moses Singer, “, ” Fischer, Cory Booker, Caroline Ellison, Mary, — Organizations: New, New York CNN, Prosecutors, SEC Locations: New York

A general view shows the interiors of what the Israeli military say is a cross-border attack tunnel dug from Gaza to Israel, on the Israeli side of the Gaza Strip border near Kissufim January 18, 2018. After the last round of hostilities in 2021, Hamas's leader in Gaza, Yehya Al-Sinwar, said: "They started saying they destroyed 100kms of Hamas tunnels. Tunneling became easier in 2005 when Israel pulled its soldiers and settlers out of Gaza, and when Hamas won power in a 2006 election. Although the military tunnels remained off-limits to outside eyes, during that era Gaza smugglers would show off their scarcely concealed commercial tunnels under the Rafah border. Israeli sources said what awaits them is formidable and they faced an enemy that has regrouped and learned from previous Israeli operations in 2014 and 2021.

Persons: Jack Guez, Lloyd Austin, Yehya Al, Sinwar, Lifshitz, Mahmoud Abbas, Amir Avivi, Abdel Fattah al, Sisi, Israel, Yasser Arafat's, Deen al, Gilad Shalit, Abu Qusay, Mohammed Deif, Deif, Joel Roskin, Ilan University, Benjamin Netanyahu, Amnon Sofrin, Daphne Richemond, Barak, Jonathan Saul, Stephen Farrell, Phil Stewart, Nafisa Eltahir, Ahmed Mohamed Hassan, Janet Lawrence Organizations: REUTERS, U.S, U.S . Defense, Israel, United Nations Security Council, LONG, Yasser Arafat's Palestine Liberation Organization, West Bank, Hamas, Brigades, Arafat's, Israel's, Ilan, Israel's Combat Engineering, Combat Intelligence Corps, Israel's Reichman University, IDF, ISIS, Thomson Locations: Gaza, Israel, Kissufim, JERUSALEM, LONDON, Hamas, Palestinian, States, Mosul, Islamic, Egypt, Israeli, Viet, Israel's, Egyptian, El Arish, Suez, Yasser Arafat's Palestine, Jordan, Rafah, Syria, Iraq, State, Jerusalem, London, Washington, Cairo

LAS VEGAS (AP) — The NBA enlisted an actor from “The Sopranos” and borrowed the central theme of the film “Ocean’s Eleven” — a Las Vegas heist — to hype the inaugural In-Season Tournament that begins Nov. 3. That’s the trophy the winner of the tournament finale in Las Vegas gets on Dec. 9. The NBA says the tournament will differ from the norm of early season basketball, with different playing floors and uniforms. “We’ve launched what we believe is a comprehensive and engaging program to promote this new tournament,” NBA Commissioner Adam Silver said Wednesday. Political Cartoons View All 1218 Images“Looks like you’re all going to have to play for it,” Imperioli says as the spot ends.

Persons: —, Michael Imperioli, — Anthony Davis, Trae Young, DeMar DeRozan, Julius Randle, Kawhi Leonard, Darius Garland, Draymond, “ We’ve, Adam Silver, ” Silver, ” Imperioli, ___ Organizations: LAS VEGAS, NBA, Vegas Locations: Las Vegas

☆ Sam Bankman-Fried plans to take the stand in fraud trial
▼ + stars: | 2023-10-25 | by ( Allison Morrow | ) edition.cnn.com time to read: +1 min

New York CNN —Sam Bankman-Fried plans to take the stand in his own defense in the coming days, his lawyer told the court on Wednesday. The defense plans to call three witnesses, as well as Bankman-Fried, to after it begins presenting its case to the jury in Manhattan federal court on Thursday. Bankman-Fried has pleaded not guilty to seven counts of federal fraud related to the collapse of his cryptocurrency empire, FTX, nearly a year ago. For the past three weeks, jurors have heard damning evidence from prosecutors that cast Bankman-Fried as a criminal mastermind behind a multibillion-dollar fraud. Several witnesses, including his ex-girlfriend and other members of his inner circle, have cooperated with the prosecution and pleaded guilty in the hopes of receiving a lighter punishment.

Persons: Sam Bankman, Fried, Mary Organizations: New, New York CNN Locations: New York, Manhattan

☆ Israeli doctors saved the life of Hamas leader, whom they now blame for the October 7 terrorist attacks, when he was in prison, reports say
▼ + stars: | 2023-10-22 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Yahya Sinwar has been Hamas's leader in Gaza and a member of its political bureau since 2017. Sinwar has spent 24 years in prison and has been arrested by Israel multiple times, per the report. Israeli doctors reportedly saved his life after operating on a brain tumor during one prison stint. AdvertisementAdvertisementIsraeli doctors saved the life of Hamas' Gaza leader Yahya Sinwar when he was in prison in the country, Orit Adato, Israel's former prison commissioner, said, The Times of Israel reported. He has spent 24 years in prison and has been arrested by Israel multiple times, per the think tank.

Persons: Yahya Sinwar, Sinwar, —, Hamas, Orit, Adato, Avi Issacharoff, Al, Gilad Shalit, Din, Hatem Ali, Richard Hecht, Deif, Michael Milshtein, Yahya Ibrahim Hassan Sinwar, Khan Younis, Gazans Organizations: Service, The, Hamas, European Council, Foreign Relations, Brigades, Kfar, AP, Wall Street, IDF, Jewish Virtual Library, Islamic, of, US Department of State Locations: Gaza, Israel, Al Jazeera, Kfar Azza, of Gaza

But he eluded capture, even as dozens of people in Haiti and nearly a dozen in the United States were arrested in connection with the killing. Evidence indicates that Mr. Badio was involved in nearly every aspect of the conspiracy, Mr. Johnston said. The Justice Department in Washington has accused several South Florida businessmen of orchestrating the assassination so they could install a puppet as president and secure lucrative contracts with the Haitian government. No U.S. charges have been announced against Mr. Badio, who owns a house in Rockland County, N.Y. Phone records viewed by The New York Times show calls between Mr. Badio and Ariel Henry, now Haiti’s prime minister, both before and after Mr. Moise’s killing, each of which lasted several minutes.

Persons: Badio, “, ”, Jake Johnston, Johnston, Ariel Henry, Moise’s Organizations: Mr, Justice Ministry, Center for Economic, Research, The Justice Department, The New York Times Locations: Haiti, United States, Washington, Florida, Haitian, Rockland County

☆ Uganda police say suspected rebels kill three in national park
▼ + stars: | 2023-10-17 | by ( Elias Biryabarema | ) www.reuters.com time to read: +2 min

REUTERS/Stringer Acquire Licensing RightsKAMPALA, Oct 17 (Reuters) - A Ugandan national and two foreign tourists have been killed in an attack by suspected Islamist rebels from the Allied Democratic Forces (ADF) in a national park, the police said on Tuesday. The ADF began as an uprising in Uganda but has been based in the Democratic Republic of Congo since the late 1990s. "We have registered a cowardly terrorist attack on two foreign tourists and a Ugandan in Queen Elizabeth National Park. The national park's western boundary is the shore of Lake Edward, which separates Uganda from Congo. Last week, ADF fighters killed at least one man and injured another when it ambushed a truck in western Uganda.

Persons: Stringer, Fred Enanga, Enanga, Lake Edward, Bashir Hangi, Yoweri Museveni, Meddie Nkalubo, Museveni, Elias Biryabarema, George Obulutsa, Estelle Shirbon, Bill Berkrot Organizations: Secondary, Allied Democratic Forces, REUTERS, Rights, Ugandan, ADF, Democratic, Islamic State, Park, Uganda Wildlife Authority, Rebels, Thomson Locations: Mpondwe, Uganda, Rights KAMPALA, Democratic Republic of Congo, Queen Elizabeth, Lake, Congo, Kampala

☆ A week after their abduction, families of hostages in Gaza are still in the dark
▼ + stars: | 2023-10-15 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +9 min

“All we have been told is that her phone is in Gaza,” Meirav Gonen, whose daughter Romi was kidnapped from the Supernova dance festival, told CNN. Across the street from where Moshe Barda and other family members were gathering, a much angrier protest was taking place on Friday. She told CNN that while she has been attending protests against the prime minister for years, this time feels different. If she is held with others, Moshe Barda said, she is likely to be taking care of everybody. Look at the picture, she is sitting on the motorcycle with her back straight … and she just saw her husband being murdered,” Moshe Barda said.

Persons: Adina Moshe’s, Nir, Moshe, ”, Einav Moshe Barda, Moshe Barda, Meirav Gonen, Romi, “, Gonen, ” Gonen, you’re, Ivana Kottasová, Benjamin Netanyahu, Daphna Cohen, towardcs, CNN Israel, Netanyahu, Benny Gantz, Gal Hirsch, Hirsch, Israel, Yoav Gallant, Israel Katz, Mark Regev, ” Moshe Barda Organizations: Tel, Tel Aviv CNN, CNN, Israel Defense Forces, ”, Palestinian, Netanyahu’s, IDF, Energy, UNICEF, Hamas Locations: Tel Aviv, Gaza, HaKirya, Israel’s, IDF, Israel, Qatar

☆ Who is El Deif, alleged mastermind of the Hamas’ attack?
▼ + stars: | 2023-10-14 | by ( Sam Kiley | ) edition.cnn.com time to read: +8 min

He’s now in charge of Hamas’ military wing, the Al Qassem Brigades. And on the ground, in private conversations, it’s been difficult to find people who are genuinely behind Hamas military campaigning. Men like El Deif, the bomb makers and decision takers, were hunted by Israel. Key to this change, too, was another major figure in Hamas’ military wing, Yahya Sinwar. I think this will spell the end of Hamas.”That may be a zero-sum option that not even the shadowy El Deif had guessed at.

Persons: Khan Younis, Sheikh Ahmed Yassin gasped, ”, Sheikh Ahmed Yassin, Eric Gaillard, —, ” Mohammed Diab Ibrahim al, Masri, El Deif, He’s, Al Qassem, Mkhaimar Abusada, Yassir Arafat, Mahmud Hams, it’s, El, Israel, Dor Kedmi, Yahya Sinwar, Al, he’s, Karim von Hippel, “, hasn’t Organizations: CNN, British, Hamas, Reuters, Al Qassem Brigades, Al Azah University, Palestine Liberation Organization, Israel, Brigades, Getty, Palestinian Authority, Fatah, West Bank, Islamic, Royal United Services Institute Locations: Gaza, Deira, Israel, Gaza City, El, Oslo Accords, AFP, Jerusalem, Tel Aviv, Egypt, Aqsa, Iran, Tehran, Rehovot, Hamas, Back, Syria, Yom, Lebanon, London

☆ Israel Says Latest Strikes Killed Hamas Commanders
▼ + stars: | 2023-10-14 | by ( ) www.wsj.com time to read: 1 min

A strike on Gaza killed the head of Hamas’s aerial systems unit that was responsible for coordinating last Saturday’s assaults while another strike killed a commander who led the attack, the Israeli military said. Israel continues to target Mohammed Deif, the head of Hamas’s military wing, and Yahya Sinwar, the group’s leader in Gaza. “The face of evil in the end is Yahya Sinwar. He’s the mastermind behind all this,” said Richard Hecht, a spokesman for the Israeli military. “He’s a dead man walking.”

Persons: Israel, Mohammed Deif, Yahya Sinwar, ”, Richard Hecht, “ He’s Locations: Gaza

☆ Israel and Hamas at war: Latest news
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +5 min

The United Nations World Food Programme said crucial supplies were running dangerously low in Gaza after Israel imposed a total blockade. * When Israel called up its reservists and declared war this week, the response was swift and overwhelming. [1/6]Israeli soldiers patrol following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, in southern Israel, October 11, 2023. * What are global firms with a presence in Israel doing after the Hamas attack? * Israel has raised $200 million in diaspora bonds since the war with Hamas began, Israel Bonds said.

Persons: Antony Blinken, Kan, East Jerusalem's, Israel, Mahmoud Abbas, Violeta Santos Moura, Donald Trump, Netanyahu, Tayyip Erdogan, Wang Yi, Mohammed Deif, upends, Kazuo Ueda, Israel Bonds, Kristalina Georgieva, Stephen Farrell, Lisa Shumaker Organizations: Hamas, United Nations, Food Programme, West Bank, Rights Watch, Britain, Royal Navy, REUTERS, White, Republican, Bank of Japan, * Airlines, Monetary Fund, Thomson Locations: Gaza, Washington, Israel, East, East Jerusalem's Al, Aqsa, Lebanon, Egypt, Sinai, Sderot, Palestinian, Paris, Israeli, Jerusalem, Saudi, Lincoln

☆ Twenty arrested in Hong Kong over false document pension withdrawals amid row over UK passport
▼ + stars: | 2023-10-13 | by ( Jessie Pang | Thomson Reuters | Jessie Pang Joined Reuters In After An Internship. She Covers Hong Kong With A Focus On Politics | ) www.reuters.com time to read: +2 min

An evening view of the financial central district of Hong Kong, China October 3, 2023. Hong Kong pension funds have been in the spotlight since the emigration of more than 140,000 Hong Kong people to Britain after 2020 when China imposed a national security law on the former British colony, cracking down on dissent. The authority running the pension scheme then said it would not accept the passport as a valid document for the withdrawal of funds. The agent had allegedly accepted bribes of up to tens of thousands of Hong Kong dollars per applicant, the ICAC said. Hong Kong returned to Chinese rule in 1997.

Persons: Tyrone Siu, Hong Kongers, Hong Kong, Jessie Pang, Nick Macfie Organizations: REUTERS, Britain, British National, Overseas, Provident Fund, Hong Kong Watch, Residents, HK, Thomson Locations: Hong Kong, China, HONG KONG, Britain . Hong Kong, Britain, British, Hong

☆ Mastermind of Hamas terror attacks is so secretive that one of the few images linked to him only shows his shadow
▼ + stars: | 2023-10-12 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

During the Gaza War in 2014, Deif led Hamas's offensive strategy, the State Department said. Despite his pivotal role in some of Hamas's most notorious attacks, Deif remains an elusive figure. Israeli officials say the Hamas attacks have so far killed more than 1,200 Israelis, according to the UN's Office for the Coordination of Humanitarian Affairs. One Hamas source told Reuters that Deif and Yahya Sinwar, another leader of Hamas in Gaza, made the call to prepare the attack on Israel. Israel, in response, formally declared war on Hamas on Sunday and has since led a nonstop bombardment of the Gaza Strip for the past several days.

Persons: Mohammed Deif, Deif, —, Yahya Sinwar, Yoav Gallant Organizations: Service, US State Department, State Department, Associated Press, Washington Post, Humanitarian Affairs, Gaza's Ministry of Health, Reuters, The New York Times, United Nations, United Nations Relief, Works Agency, Israel's, IDF Locations: Israel, Gaza, Aqsa, Jerusalem, Egypt

☆ Israel and Hamas at war: Latest News
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +8 min

Scores of Israeli and foreign hostages were taken back to Gaza; Israel says it has identified 97 of them. [1/6]Israeli soldiers patrol following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, in southern Israel, October 11, 2023. * The war falls under a complex international system of justice that has emerged since World War Two. * International airlines have suspended hundreds of flights to and from Tel Aviv following the attack by Hamas militants on Israel. * Israel has raised $200 million in diaspora bonds since the war with Hamas began, Israel Bonds said.

Persons: Israel, Antony Blinken, Kan, Mahmoud Abbas, Wafa, Donald Trump, Netanyahu, Tayyip Erdogan, Violeta Santos Moura, Wang Yi, Mohammed Deif, upends, Kazuo Ueda, Frida, Israel Bonds, Kristalina Georgieva, Georgieva, Stephen Farrell Organizations: United Nations, Food, Palestinian, El Al Airlines, Britain, Royal Navy, U.S, REUTERS, Bank of Japan, * Airlines, Carriers, Dutch KLM, Air France, U.S . State Department, Cyprus Airways, Hamas, Monetary Fund, Thomson Locations: Gaza, Washington, Israel, Egypt, Sinai, United States, Asia, Israeli, Palestinian, Sderot, Paris, Jerusalem, Saudi, Europe, Larnaca, Tel Aviv

☆ I'm the executive sales coach lead at Google and work with teams and leaders across the globe. These are the 4 habits that I see the most successful leaders practice.
▼ + stars: | 2023-10-12 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

Ikwuakor noticed that the best leaders are even-tempered. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with AK Ikwuakor , a 38-year-old executive sales coach lead at Google from Marina Del Rey, California. As an executive coach, corporate team trainer, and consultant, I've worked with leaders and teams from fledgling startups to global conglomerates such as Google, Duke Basketball and the State Department. The best decision can fall flat if it's not translated into action, so the best leaders create a plan, assign responsibilities, and provide people with resources and support. The goal of successful leaders is the opposite of this: maintaining emotional intelligence while executing their daily objectives.

Persons: Ikwuakor, —, AK, Marina Del, It's, there's, I've, — it's, They're, isn't Organizations: Google, Service, Duke Basketball, State Department, Fortune Locations: Marina Del Rey , California

☆ Listen now: ‘Hell’ at an Israeli kibbutz and Hamas’ secretive mastermind
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Who is the alleged mastermind of the Hamas attack and Israel’s most-wanted man? The harrowing first-hand stories from parents as attackers tore through their homes on a kibbutz. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. Further ReadingIsraeli shelling hits south Lebanon after Hezbollah rocket fireEgypt moves to prevent exodus of Palestinians from besieged GazaWhat's the Israel-Palestinian conflict about? The origin of wars explainedOur Standards: The Thomson Reuters Trust Principles.

Persons: Biden Organizations: Apple, Google, Reuters, Gaza, Thomson, Reading Locations: Israel, Lebanon, Egypt, Gaza

[1/3] The remains of a rocket fired from the Gaza Strip into Israel lies on a road where it fell in Ashkelon, southern Israel, October 10. An Israeli security source said Deif was directly involved in the planning and operational aspects of the attack. Deif said Hamas had urged the international community to put an end to the "crimes of the occupation", but Israel had stepped up its provocation. He also said Hamas had in the past asked Israel for a humanitarian deal to release Palestinian prisoners, but this was rejected. He was arrested by Israel in 1989 and spent about 16 months in detention, a Hamas source said.

Persons: Amir Cohen, Mohammed Deif, Al, Deif, Israel, Hamas's Al, Yehya Sinwar, Israel's, Ayatollah Ali Khamenei, Ali Baraka, we've, Mohammad Masri, William Maclean, David Clarke Organizations: REUTERS, Brigades, Lebanese, Hezbollah, Tehran, Hamas, West Bank, Islamic University, Thomson Locations: Gaza, Israel, Ashkelon, Al Aqsa, DUBAI, Jerusalem's Al Aqsa, Jerusalem, Iran, Tehran, Washington, Khan

☆ Why Red Bull’s RB19 is one of the most dominant F1 cars ever
▼ + stars: | 2023-10-06 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +9 min

However, Red Bull Racing’s 2023 competitor, the RB19, has absolutely fried the system and blown past the boundaries of what appeared possible in this sport. Mark Thompson/Getty ImagesNewey has been designing F1 cars since 1988 and has won 12 Constructors’ Championships, split between his time at Williams, McLaren and Red Bull. Red Bull team principal Christian Horner has described Newey as “the only bloke that can see air” in an interview with Red Bull. And Mercedes eventually ceded its position at the summit of F1 to Red Bull in 2022 after being in control for much of the turbo-hybrid era. But it does raise the question: how far can Red Bull go?

Persons: Red Bull, Max Verstappen, we’ve, Lawrence Barretto, It’s, Edd Straw, Sergio Pérez, Ferrari’s Carlos Sainz, Sebastian Vettel’s, Bull, Verstappen, Vettel, Michael Schumacher’s, Mercedes ’, Mark Thompson, Lewis Hamilton, ”, “, ” Verstappen, Hamilton, Adrian Newey, Newey, Red, McLaren, –, Christian Horner, Straw, Max, “ We’ve, Michael Schumacher, Mercedes, hasn’t, he’s, Clive Mason, Lewis, Michael, Seb, Roger Federer’s, Bill Belichick, Tom Brady, Clive Rose, Bull won’t, George Russell, ” Horner Organizations: CNN, ”, CNN Sport, “, Suzuka, Singapore, Prix, Verstappen, Monza, Austrian, FIA, Sky Sports, Bulls, Constructors, Williams, Ferrari, Getty, BBC Radio Locations: Miami, Qatar, Austrian, ”, New England

Eventually, the losses at the hedge fund, Alameda Research, became so large that there was no way to hide them any longer, Wang said in his second day of testimony. “FTX was not fine,” Wang said, referring to the now-infamous tweet that Bankman-Fried wrote only a few days before the exchange filed for bankruptcy in November 2022. Alameda was given these privileges initially because the hedge fund was the primary market maker for FTX's customers in the exchange's early days. The relationship was effectively a two-way street, where the exchange could help out the hedge fund and vice versa as FTX quickly grew between 2019 and 2022. Caroline Ellison, the former girlfriend of Bankman-Fried and CEO of Alameda, is expected to start testifying Tuesday after Wang.

Persons: Sam Bankman, Fried, FTX's, Gary Wang, Wang, “ FTX, ” Wang, FTX, Caroline Ellison Organizations: New, Alameda Research, Prosecutors, Bankman Locations: New York, Bahamas, Alameda

☆ Former Goldman banker Ng to be returned in Malaysia in 1MDB case
▼ + stars: | 2023-10-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

In a letter filed on Thursday in Brooklyn federal court, U.S. prosecutors asked a judge to order Ng's surrender to the U.S. Marshals Service by Friday so he could be turned over to Malaysian law enforcement, who would transport him to their country. The case stemmed from about $6.5 billion in bonds that Goldman helped 1MDB sell in 2012 and 2013. Goldman settled with authorities in October 2020, agreeing to pay $2.9 billion and having its Malaysian unit plead guilty to a corruption charge. Ng had been arrested in Malaysia in November 2018, and agreed to be extradited to the United States.

Persons: Goldman Sachs, Roger Ng, Ng, Ng's, Ng Chong Hwa, Goldman, 1MDB, Margo Brodie, Tim Leissner, Jho, Jonathan Stempel, Richard Chang Organizations: U.S . Marshals, U.S, Malaysian, Thomson Locations: New York, Brooklyn, U.S, United States, Kuala Lumpur, Malaysian, Malaysia . U.S, 1MDB, Malaysia

☆ Former Goldman banker Ng to be returned to Malaysia in 1MDB case
▼ + stars: | 2023-10-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Ex-Goldman Sachs banker Roger Ng and his lawyer Marc Agnifilo leave the federal court in New York, U.S., May 6, 2019. Marshals Service by Friday so he could be turned over to Malaysian law enforcement, who would transport him to their country. The case stemmed from about $6.5 billion in bonds that Goldman helped 1MDB sell in 2012 and 2013. Goldman settled with authorities in October 2020, agreeing to pay $2.9 billion and having its Malaysian unit plead guilty to a corruption charge. Ng had been arrested in Malaysia in November 2018, and agreed to be extradited to the United States.

Persons: Goldman Sachs, Roger Ng, Marc Agnifilo, Margo Brodie, Ng's, Ng, Brodie, Ng Chong Hwa, Goldman, 1MDB, Tim Leissner, Jho, Jonathan Stempel, Richard Chang 私 Organizations: REUTERS, Chief U.S, U.S . Marshals, U.S, Malaysian Locations: New York, U.S, Brooklyn, United States, Kuala Lumpur, Malaysian, Malaysia, 1MDB

☆ Why Wall Street investors are freaking out
▼ + stars: | 2023-10-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Here’s why investors are freaking out:Rates and the Fed: A surge in corporate debt sales and rising bond yields have sent stocks lower. Moody’s, the only major credit rating firm to keep a perfect score for the United States, has warned that a government shutdown would be “credit negative” for the United States. Geopolitical risks are still elevated as Russia’s war on Ukraine continues and relations between the United States and China remain tense. October also marks the end of the fiscal year for many mutual funds in the United States. Statistical evidence doesn’t quite support the phenomenon, but the level of superstitious caution on Wall Street is real.

Persons: Kevin McCarthy, ”, Michael Reinking, Mark Twain, ” Sam Bankman, Sam Bankman, Allison Morrow, Judge Lewis Kaplan, “, ” Kaplan, SFB, SBF, Caroline Ellison, Bernie Madoff, Chris Isidore, Vanessa Yurkevich Organizations: CNN Business, Bell, New York CNN, Dow, Federal Reserve, Fed, Markets, Republicans, “, Prosecutors, GM, Ford, Motors, United Auto Workers, Michigan Assembly, Jeep, Dodge, Chrysler, UAW Locations: New York, America’s Congress, United States, Ukraine, China, Manhattan, Fairfax, Kansas City , Kansas, Toledo, Lockport, Michigan, Wayne , Michigan, Kokomo , Indiana

☆ Sam Bankman-Fried’s trial has started. Here’s what you need to know
▼ + stars: | 2023-10-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —The trial of Sam Bankman-Fried, a onetime crypto billionaire who stands accused of orchestrating a multibillion-dollar fraud, kicked off Tuesday in federal court in Manhattan. Here are the key things to know about the case, and what we might see over the next several weeks at the trial. Prosecutors opted in June to sever five other charges that were brought after Bankman-Fried’s extradition from the Bahamas, where FTX was based. Sam Bankman-Fried leaving the Bahamas on December 21, 2022, being extradited to the US to face charges. He was arrested in December in the Bahamas on charges including fraud and conspiracy and extradited to the United States in January.

Persons: Sam Bankman, Judge Lewis Kaplan, ”, “, ” Kaplan, SFB, SBF, Caroline Ellison, Bernie Madoff, FTX, Tom Brady, Larry David, Fried, Bankman, Ellison, Howard Fischer, Moses Singer, Fischer, Lewis Kaplan, he’s Organizations: New, New York CNN, Prosecutors, Alameda Research, Super, Royal Bahamas Police Force, Investors, Bankman, Coindesk, Alameda, New York Times, Securities and Exchange, Enron, Metropolitan Detention Locations: New York, Manhattan, FTX, Bahamas, Miami, Alameda, United States, Brooklyn

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