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Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. He asked Judge Kaplan to show Singh "the same compassion he has shown others his entire life." Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May. WATCH: Caroline Ellison sentenced to two years in prison for role in FTX collapse

Persons: Nishad Singh, Claire Watanabe, Singh, Judge Lewis Kaplan, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, Nicolas Roos, Roos, Judge Kaplan, Gabe, John Ray, Ray, Ryan Salame, Gary Wang, FTX, — CNBC's Dan Mangan Organizations: Engineering, Exchange, New, Alameda Research, Southern, of, Prosecutors Locations: New York, Alameda, Bankman, of New York, Manhattan, Bahamian

☆ FTX creditors will make money on bankruptcy: $1.19 for every dollar
▼ + stars: | 2024-10-07 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Almost all of the creditors of failed crypto company FTX will end up profiting from the money they put into the exchange, a federal bankruptcy judge ruled Monday. Ray, who also shepherded Enron through bankruptcy, added that the estate is working to finalize arrangements to make distributions to creditors around the world. FTX previously estimated that it owes creditors around $11.2 billion. According to the plan approved by Delaware bankruptcy Judge John Dorsey, 98% of FTX's creditors will get 119% of the amount of their allowed claim as of November 2022, when the exchange filed for bankruptcy protection. The bankruptcy estate says it will make a separate announcement about the date the payout plan will go into effect and when it anticipates the start of distributions.

Persons: FTX spiraled, John Ray, Ray, John Dorsey, FTX, Sam Bankman, Fried, — CNBC's Dan Mangan, Caroline Ellison Organizations: Enron, Alameda Research, Amazon Locations: Delaware, Anthropic

☆ Will Donald Trump go to jail? Here's what to expect from the former president's sentencing
▼ + stars: | 2024-06-14 | by ( Jeff Huang | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWill Donald Trump go to jail? Here's what to expect from the former president's sentencingFormer U.S. President Donald Trump was found guilty of 34 counts of falsifying business records during his hush money criminal trial in New York City. That's a class E felony punishable by a fine, probation or up to four years in prison per count. CNBC's Dan Mangan breaks down the different legal scenarios the former president could find himself in when he receives his sentencing on July 11.

Persons: Will Donald Trump, Donald Trump, CNBC's Dan Mangan Organizations: U.S Locations: New York City, That's

☆ The last time a Trump company went public it didn't go well for investors
▼ + stars: | 2024-03-23 | by ( Dareh Gregorian | ) www.cnbc.com time to read: +4 min

The newly merged company that's set to go public, Trump Media, will be listed on the Nasdaq stock exchange with the letters DJT, Trump's initials. In the initial public offering, the company raised $140 million, selling 10 million shares at $14 each. He also used company cash to buy Trump-branded merchandise, including $1.2 million on Trump Ice bottled water, the report said. Under the merged company, Trump would have nearly 80 million shares, worth around $3 billion. It's unclear when exactly Trump would be able to cash in on the upcoming listing for his social media company.

Persons: Ina, Revel, Wayne Parry, Donald Trump's, Trump, Jean Carroll's, Letitia James, doesn't, James, Donald Trump Jr, — CNBC's Dan Mangan Organizations: Taj, Atlantic City, Trump, Casino Resorts —, Trump Media, Nasdaq, Trump Hotels, Casino Resorts, New York Times, New York Stock Exchange, CNBC, The Washington Post, Social, Shareholders, Corp, Trump Media & Technology Group, New York Locations: Atlantic City, Washington, Atlantic City , New Jersey, —

☆ Trump federal election trial set for March 4, 2024
▼ + stars: | 2023-08-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

"In our judgment, that trial date is inconsistent with President Trump's right to due process and the right to effective assistance of counsel," Lauro said in the hearing. But Trump's proposal for an April 2026 trial date went "far beyond what is necessary," the judge said, NBC News reported. A federal judge on Monday set a March 4, 2024, trial date in former President Donald Trump 's criminal election interference case, putting the top Republican presidential candidate on trial in Washington, D.C., seven months before the 2024 general election . Trump, a top Republican presidential candidate who is facing four separate criminal cases, has sought to move his trials past the November 2024 election. Chutkan noted Monday that she spoke with the New York judge overseeing Trump's case in Manhattan, which is also set to go to trial in March.

Persons: Donald Trump, Trump's, Lauro, Chutkan, Tanya Chutkan, Jack, Trump, Joe Biden, Fani Willis, Willis, Smith, Monday's, — CNBC's Dan Mangan Organizations: Iowa Pork, Fair, NBC News, Trump, Republican, Washington , D.C, New, Fulton County Superior Court, D.C Locations: Des Moines , Iowa, U.S, Washington ,, New York, Manhattan, Atlanta, Georgia, Fulton County, Iowa, Florida

☆ Sam Bankman-Fried's lawyer demands he gets Adderall for ADHD while in jail
▼ + stars: | 2023-08-14 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

FTX Founder Sam Bankman-Fried leaves from Manhattan Federal Court after court appearance in New York, on June 15, 2023. Sam Bankman-Fried's legal team is asking a U.S. district court judge to grant the former FTX CEO "uninterrupted access" to his daily prescribed medication while he is in jail. "And for the past three years, Mr. Bankman-Fried has been prescribed Adderall 10mg tablets, 3-4x/day for the treatment of ADHD." On Friday, Judge Kaplan sided with a request by federal prosecutors to revoke Bankman-Fried's bail over alleged witness tampering. For nearly a year, there's been a nationwide shortage of Adderall, the popular stimulant used to treat ADHD.

Persons: Sam Bankman, Fried, Mark Cohen, Judge Lewis Kaplan, Judge Kaplan, George Lerner, Lerner, Cohen, Bankman, Lerner's, there's, Caroline Ellison, Ellison, — CNBC's Dan Mangan Organizations: Manhattan Federal, U.S, Bankman, Brooklyn's Metropolitan Detention Center, Prisons, Court, U.S . Food, Drug Administration, New York Times, Alameda Research, MDC Locations: Manhattan, New York, Brooklyn's, Bankman, Bahamas, U.S, Putnam , New York

☆ CNBC Daily Open: Markets are pricing in the best of both worlds
▼ + stars: | 2023-03-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. We look at the CBOE Volatility Index. Derived from the price of S&P 500 options, the volatility index measures the market's expectations of how the S&P will move over the next 30 days. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Investors are pricing in the best of both worlds
▼ + stars: | 2023-03-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. We look at the CBOE Volatility Index. Derived from the price of S&P 500 options, the volatility index measures the market's expectations of how the S&P will move over the next 30 days. — CNBC's Dan Mangan contributed to this reportSubscribe here to get this report sent directly to your inbox each morning before markets open.

☆ Wyoming abortion ban blocked due to Obamacare-era amendment
▼ + stars: | 2023-03-24 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

Abortion is legal in Wyoming again, oddly enough as the result of a state constitutional amendment pushed by conservatives opposed to Obamacare more than a decade ago. Anti-abortion lawmakers in Wyoming have tried to work around the 2012 amendment in passing the ban on abortion. The state's sweeping ban, dubbed "Life is a Human Right Act," claims that abortion is not a form of health care. It's unclear whether the court will ultimately agree that the anti-Obamacare amendment prohibits a state abortion ban. For instance, a judge in Ohio in October temporarily blocked the state's abortion ban because of a constitutional provision adopted in 2011 as a backlash to Obamacare.

☆ Trump says he will be arrested Tuesday, calls on supporters to protest
▼ + stars: | 2023-03-18 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Former U.S. President Donald Trump delivers remarks on education as he holds a campaign rally with supporters, in Davenport, Iowa, U.S. March 13, 2023. Trump cited leaks from the "corrupt" Manhattan district attorney's office and urged his supporters to protest on his behalf. "THE FAR & AWAY LEADING REPUBLICAN CANDIDATE & FORMER PRESIDENT OF THE UNITED STATES OF AMERICA, WILL BE ARRESTED ON TUESDAY OF NEXT WEEK," Trump wrote on his social media site Truth Social early Saturday morning. Law enforcement agencies across New York have been making security arrangements in the case that the former president is criminally charged. If he is indicted, Trump, a 2024 Republican presidential candidate, would become the first former president ever to face criminal charges.

☆ Former anti-abortion leader alleges Supreme Court leaked another landmark case, report says
▼ + stars: | 2022-11-19 | by ( Ashley Capoot | ) www.cnbc.com time to read: +4 min

A view of the U.S. Supreme Court building on the first day of the court's new term in Washington, U.S. October 3, 2022. Schenck said the ruling was also shared with a handful of advocates, according to the report. The Burwell v. Hobby Lobby decision was a victory for conservatives, much like the Supreme Court's recent 5-4 decision to overturn Roe v. Wade, the historic ruling that established the constitutional right to abortion in the U.S. in 1973. In Burwell v. Hobby Lobby, the court ruled that it was a violation of religious freedom for family-owned businesses to be required to pay for insurance that covers contraception. Representatives for the Supreme Court and Chief Justice John Roberts didn't immediately comment.

☆ Trump Media merger partner loses board member days before pivotal shareholder meeting
▼ + stars: | 2022-11-17 | by ( Mike Calia | ) www.cnbc.com time to read: +3 min

The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. DWAC's CEO, Patrick Orlando, has adjourned the meeting multiple times in recent months as he seeks shareholder approval to delay his company's merger with Trump Media and Technology Group, which owns the Truth Social app, by about a year. Will Wilkerson, a former Trump Media executive, turned over documents to the Securities and Exchange Commission and filed a whistleblower complaint, claiming misrepresentations by the companies. Trump Media has also blamed regulators for the delay of its merger with DWAC. He has about 4 million followers on Truth Social.

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