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☆ Sam Bankman-Fried is being moved to a new prison
▼ + stars: | 2024-05-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +1 min

New York CNN —Prison officials began transferring former crypto mogul Sam Bankman-Fried to a new facility early Wednesday, removing him from the Brooklyn, New York, jail where he’s resided for the past nine months, a spokesperson for Bankman-Fried said. Mendota is home to one medium-security federal correctional institution with an adjacent minimum-security satellite facility, according to the Bureau of Prisons website. Bankman-Fried had sought to stay in New York in the near term while preparing his appeal on multiple federal counts of fraud and conspiracy, for which he was sentenced in March to 25 years in prison. A jury last fall found Bankman-Fried guilty of carrying out what prosecutors called one of the biggest financial crimes in US history. The Bureau of Prisons declined to provide details, telling CNN that it doesn’t comment on “the conditions of confinement for any individual, including potential transfers,” citing security concerns.

Persons: Sam Bankman, he’s, Fried, — CNN’s Erin Burnett, Sabrina Souza Organizations: New, New York CNN — Prison, Stanford University, of Prisons, Prisons, CNN Locations: New York, Brooklyn , New York, Mendota , California, Mendota

☆ Sam Bankman-Fried Transferred From Brooklyn Jail
▼ + stars: | 2024-05-22 | by ( David Yaffe-Bellany | More About David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange who was convicted of fraud and conspiracy, was transferred out of a Brooklyn detention center on Wednesday morning, his spokesman said. Before the transfer, Mr. Bankman-Fried, 32, told people close to him that he expected to be moved to a federal correctional facility in Mendota, Calif., a person with knowledge of the matter said. A representative for the Bureau of Prisons declined to comment on Mr. Bankman-Fried, citing “privacy, safety and security reasons.” A spokesman for the prosecutors who oversaw Mr. Bankman-Fried’s case did not immediately respond to a request for comment. In a court filing on Wednesday afternoon, Lewis A. Kaplan, the judge overseeing his case, said the court “recommends” that the Bureau of Prisons keep Mr. Bankman-Fried at the Metropolitan Detention Center in Brooklyn. Mr. Bankman-Fried had asked to remain there while he worked on an appeal challenging his conviction.

Persons: Sam Bankman, Bankman, Mark Botnick, ”, Lewis A, Kaplan, “, Fried Organizations: Bureau, Prisons, Metropolitan Detention Locations: Brooklyn, Mendota , Calif

☆ Sam Bankman-Fried might be eating a lot of rice, almonds, and Skittles drink mix if he wants to stay vegan in prison
▼ + stars: | 2024-03-29 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried could be sent to a prison with limited vegan options, per The Wall Street Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The disgraced crypto entrepreneur could carry out his 25-year sentence at Mendota, a medium-security prison near Fresno, California, a prison consultant hired by his lawyers said. There, he might have to opt for vegan items on the prison's commissary list such as rice, almonds, and Skittles drink mix, The Wall Street Journal reported. AdvertisementUS District Judge Lewis Kaplan, who imposed Bankman-Fried's 25-year sentence on Thursday, recommended he serve it in a low- or medium-security prison near his parents' home in San Francisco.

Persons: Sam Bankman, —, Fried, Lewis Kaplan, Joel Sickler, Bill Baroni, He's, Baroni, He'll, Carmine Simpson, who's, Judge Kaplan, Sam, Simpson Organizations: Street, Service, Street Journal, Federal Bureau of Prisons, New, Metropolitan Detention, NYPD, BI Locations: Mendota, Fresno , California, San Francisco, Lompoc, Santa Barbara, New Jersey, Brooklyn

☆ Can groundhogs or other animals predict the weather?
▼ + stars: | 2024-02-02 | by ( Jackie Wattles | ) edition.cnn.com time to read: +8 min

CNN —Punxatawney Phil, the central character of the annual rite of winter known as Groundhog’s Day, isn’t great at his job. Education Images/Universal Images Group/Getty ImagesThe Old Farmer’s Almanac has aggregated a couple dozen adages about insects, animals and their ability to predict weather patterns. Researchers in Germany also looked into whether various species of animals could detect an oncoming earthquake. Fact vs. folkloreOther tropes about animals’ ability to predict seasonal conditions, however, are wrong. But in reality, the “caterpillar’s coloring is based on how long (the) caterpillar has been feeding, its age, and species,” according to the National Weather Service.

Persons: CNN —, Phil, isn’t, Theresa Crimmins, phenology, ” Crimmins, “, ”, it’s, Max, Gordon Miller, ” Miller, Crimmins, Miller, Rachel Carson Organizations: CNN, National Phenology, United States —, USA National Phenology Network, University of Wisconsin -, Max Planck Society, Dolbear’s, Oceanic, Administration, Seattle University, National Weather Service Locations: United States, Germany, University of Wisconsin - Madison, North America, Mendota Heights , Minnesota, Tennessee

☆ ADM shares plunge 24% in worst day since 1929 as CFO is placed on leave
▼ + stars: | 2024-01-23 | by ( ) www.cnbc.com time to read: +3 min

The Archer-Daniels-Midland Co. (ADM) grain facility in Mendota, Illinois, U.S.Shares of Archer-Daniels-Midland plunged 24% on Monday, its biggest one-day drop since 1929, after CFO Vikram Luthar was placed on administrative leave as the company investigates accounting practices at its Nutrition segment. The probe brings more uncertainty to ADM's high-margin Nutrition segment, which is under pressure due to weak demand for meat alternatives and other products as well as downtime at a large soy processing facility. The Nutrition segment, however, has not performed well in recent quarters. "First and foremost, understanding the true scope of potential accounting irregularities and their impact on Nutrition segment revenues/margins will be critical," said Goldman Sachs analyst Adam Samuelson. ADM appointed Ismael Roig, who has been with the company since 2004, as its interim CFO.

Persons: Archer, Vikram Luthar, Luthar, Goldman Sachs, Adam Samuelson, Ismael Roig Organizations: Daniels, Midland Co, Midland, U.S . Securities, Exchange Commission, SEC, for Research, ADM, BMO, UBS, Bunge Global Locations: Mendota , Illinois, U.S, Chicago

☆ Gen Zers are skipping New York and LA and flocking to smaller cities with cheaper homes, great jobs, and lots to do
▼ + stars: | 2023-05-30 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +8 min

Alex Akmal and her partner, Alex, along Memorial Union Terrace on Lake Mendota. In the case of Gen Z, one move often begets another, according to one demographer. Gen Z bonds have been cemented even more because many young people are delaying marriage and having children, the center found. After her studies, she said she might move to Washington, D.C., an even larger Gen Z hangout with those offerings and more. Cities must evolve for the futureFor whatever reason they are coming to these cities, these Gen Zers are here to stay.

☆ Gen Zers are taking over college cities — after they graduate
▼ + stars: | 2023-04-26 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +7 min

Gen Z is moving in droves to college towns after they get their degree. Alex Akmal and her partner, Alex, along Memorial Union Terrace on Lake Mendota. Gen Z bonds have been cemented even more because many young people are delaying marriage and having children, the center found. After her studies, she said she might move to Washington, D.C., an even larger Gen Z hangout with those offerings and more. For whatever reason they are coming to these cities, these Gen Zers are here to stay.

Timothy York knows what works to treat his decadeslong opioid addiction: Suboxone, a medication that effectively quiets cravings. Since York arrived in federal prison in 2008, he has been held in a series of facilities awash with contraband drugs and violence. Yet the federal prisons are treating only a fraction — less than 10% — of the roughly 15,000 prisoners who need it, according to the bureau’s estimates. Some say the issues stem from a culture at the bureau that is skeptical of addiction medication and pits staff against prisoners. He was using an underground supply of Suboxone at USP-Coleman, the federal prison in Florida where he was incarcerated, but it was erratic.

☆ Ancient Canoe Discovered in Wisconsin Lake Helps Solidify Tribe’s Link to Area
▼ + stars: | 2022-09-25 | by ( Ben Kesling | ) www.wsj.com time to read: 1 min

Divers recovered a 3,000-year-old dugout canoe last week from Lake Mendota in Madison, Wis., marking the latest such find for a Wisconsin Historical Society archaeologist, who discovered a roughly 1,000-year-old vessel in the same lake last year. A 3,000-year-old Native American canoe recently pulled out of a Wisconsin lake is helping historians draw a firmer link between the Ho-Chunk Nation and the Great Lakes region. The vessel, recovered from Lake Mendota in Madison last week, was carbon dated to 1,000 B.C., which surprised even the historians at the Wisconsin Historical Society. It is the oldest canoe ever found in the region, according to the historical society.

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