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Trump has vowed to fire the special prosecutor who brought two federal cases against him. His win may largely free Trump from dealing with his criminal cases for the foreseeable future, experts told Business Insider. Here's what will happen with Trump's four criminal cases — two federal and two state — moving forward. Related Video All the ways Donald Trump wins from the Supreme Court immunity rulingDonald Trump confers with his defense lawyer Todd Blanche in his hush-money trial before New York Supreme Court Justice Juan Merchan. AdvertisementIn July, the US Supreme Court issued a landmark opinion that provides presidents with broad protection from being prosecuted for official acts while in office.
Persons: Donald Trump, Trump, , Donald Trump's, Neama Rahmani, Todd Blanche, Juan Merchan, Jane Rosenberg, Stormy Daniels, he's, Michael Dorf, Rahmani, Jack Smith, Jonathan Ernst, Smith, Dorf, Michel Paradis, Paradis, Steven Cheung, Kamala Harris, Crooked Joe, Witch Hunts, Dana Verkouteren, Citizen Trump, Aileen Cannon, Fani Willis, John Bazemore, Willis, Nathan Wade, Wade, it's Organizations: Service, Trump, New, Cornell Law School, West, Trial, Reuters, Department, Columbia Law School, Justice Department, Witch, DOJ, Citizen, Supreme, White, Appeals, AP Locations: Georgia, New York, Manhattan, New, York, Washington , DC, Fulton County, Atlanta
AdvertisementDonald Trump will use his new status as president-elect in a renewed effort to challenge his upcoming sentencing on his Manhattan hush-money conviction, legal experts predicted Wednesday. A US District Court judge rejected that effort in September, and it remains under appeal by the Second Circuit Court of Appeals. "Any of those tracks can get you to the US Supreme Court pretty fast, if that's his goal," Paradis said. REUTERS/Jane RosenbergA 'unique place in this nation's history'Merchan addressed the unique circumstances of prosecuting, trying, and sentencing Trump in September, when he agreed to delay the sentencing for a second time. "A state judge is now potentially setting himself up to sentence the most powerful federal officer in the world."
Persons: Trump, , Donald Trump, Stormy Daniels, He's, Charles Solomon, that's, Solomon, Timothy A, Clary, he's, Juan Merchan, Attorney Alvin Bragg, Merchan, — Trump, Michel Paradis, Paradis, Jane Rosenberg, Mark Bederow, Bederow, Todd Blanche, Emil Bove ., it's, Neama Rahmani, Bragg Organizations: BI, Trump, Service, GOP, Reuters, New, Attorney, Second, Appeals, Columbia Law School, Court, Trump v ., New York City, Joint Chiefs, Staff, United States Supreme, West, Trial Locations: NY, New York, Manhattan, United States, Trump v, Trump v . United States, Central Park
With his comeback victory over Vice President Kamala Harris in the books, Trump can rest easy. But he has not yet escaped from liability in a handful of high-profile civil cases, where he has been ordered to pay combined penalties of over $570 million. "In theory, there should be no effect" from Trump's election on those civil matters, former federal prosecutor Neama Rahmani told CNBC. "It's well established that while a sitting president can't be prosecuted, he can face civil cases," Rahmani said. A state-level criminal case in Georgia, alleging Trump illegally meddled in that state's 2020 election, is also on ice.
Persons: Donald Trump, Donald Trump's, Kamala Harris, Trump, Neama Rahmani, Rahmani, Jack Smith, Smith's, Smith, Aileen Cannon, Fani Willis, Willis, Stormy Daniels Organizations: Convention Center, CNBC, of Justice, D.C, Trump, DOJ, Fulton Locations: Palm Beach, West Palm Beach , Florida, U.S, Smith's Washington, Florida, Georgia, Fulton County, York
AdvertisementNot only is the presidency on the line for Donald Trump in the 2024 election, but so are his four criminal indictments. Here's what will happen with Trump's four criminal cases — two federal and two state — if he wins or loses this year's presidency. AdvertisementDonald Trump confers with hush-money defense lawyer Todd Blanche before New York Supreme Court Justice Juan Merchan. If reelected president, Trump could ask his attorney general to fire Smith. In July, the US Supreme Court issued a landmark opinion that provides presidents with broad protection from being prosecuted for their official acts.
Persons: Donald Trump, Trump, , Kamala Harris, Neama Rahmani, Todd Blanche, Juan Merchan, Jane Rosenberg, Stormy Daniels, he's, Michael Dorf, it's, Rahmani, Jack Smith, Jonathan Ernst, Smith, Dorf, Michel Paradis, Paradis, Steven Cheung, Crooked Joe, Witch Hunts, Dana Verkouteren, Citizen Trump, Aileen Cannon, Smith's, Fani Willis, John Bazemore, Willis, Nathan Wade, Wade Organizations: Trump, Service, Democratic, Business, New, Cornell Law, West, Trial, Reuters, Department, Columbia Law School, Justice Department, Witch, DOJ, Citizen, Supreme, White, Appeals, AP Locations: New, New York, Manhattan, York, Washington , DC, Fulton County, Georgia, Atlanta
Attorneys general in 14 different states filed lawsuits against TikTok last week. The suits mirror earlier ones against Big Tobacco and Purdue Pharma, legal experts told BI. The Sackler family, owners of Purdue Pharma, ultimately paid over $3 billion in settlements for misleading advertising related to their products. Purdue Pharma later filed for bankruptcy, but the Supreme Court struck down a $7 billion bankruptcy plan in June that would have given the Sackler's immunity from future civil suits. With the prospect of that federal ban looming next year, a slew of federal lawsuits helps shape public opinion and "pressure lawmakers to act," Rahmani said.
Persons: , Adam Wandt, John Jay, Wandt, It's, wouldn't, Rahmani, Sackler, TikTok Organizations: TikTok, Big Tobacco, Purdue Pharma, Service, John, John Jay School of Criminal, Big Tech, Meta, Google, NPR Locations: California, United States
Celebrities who partied with Combs may want to consult their lawyers, entertainment attorneys told BI. AdvertisementCelebrities who attended Sean "Diddy" Combs' parties should consider lawyering up, even if they attended one of his more high-profile soirees. "He's had many legitimate parties over the years and, chances are, most celebrities and guests were not aware of his sex parties." AdvertisementThe "Freak Offs," prosecutors say, occurred regularly, often in hotel rooms, and sometimes lasted multiple days. "Sean Combs' white parties and other events were iconic, a true convergence of hip-hop, Hollywood, and Black excellence.
Persons: Sean, Diddy, Combs, , Wayne Dennison, Brown Rudnick, Johnny Depp, Amber Heard, Dennison, Neama Rahmani, they're, Rahmani, Stuart Morton, Camron, Mills Sadat Dowlat, Tre Lovell, Lovell, He's, Marc Agnifilo, Jane Rosenberg, Sean Combs, Johnny Nunez, WireImage, Adria, Jonathan Davis Organizations: Service, Hamptons, West, Trial, Getty, Los, Lovell, Reuters, White Party Locations: Beverly Hills, St, Manhattan, Brooklyn, Los Angeles, Miami
Buffalo Wild Wings is defending its "boneless wings" in court against deceptive marketing claims. Buffalo Wild Wings argue it is 'common sense' that they are not actually wings, citing another case. AdvertisementBuffalo Wild Wings has been fighting in court for over a year to prove that its "boneless wings" aren't just chicken nuggets. In court papers, lawyers for Halim argue that the boneless wings are "more akin in composition to a chicken nugget rather than a chicken wing." Buffalo Wild Wings did not immediately respond to a request for comment about the lawsuit filings.
Persons: , Aimen Halim, Halim, Tom's, Bill Marler, Marler Organizations: Buffalo Wild Wings, Service, Buffalo, Wings, Ohio Supreme, REKM Locations: Ohio
Combs, meanwhile, was indicted in the Southern District of New York on three counts: racketeering conspiracy, sex trafficking and transportation to engage in prostitution. Members of the enterprise also witnessed acts of violence by Combs against the victims, it says. It was unclear whether Ventura reported any of the allegations of abuse to police and a federal lawsuit was later settled. Court sketch of Sean "Diddy" Combs in federal appeals court Wednesday, Sept 18., presided over by Judge Andrew Carter. The indictment against Combs outlines a number of alleged victims, women and sex workers among them, but does not say how many there are.
Persons: Sean “ Diddy ” Combs, Robert Sylvester Kelly, Combs, , Nadia Shihata, Kelly, ” Kelly, , ” Robert Sylvester Kelly, Ann M, Donnelly, Christine Cornell, John Miller, ” Miller, ” Combs, Neama Rahmani, Casandra, Cassie ” Ventura, Ventura, ” Rahmani, Sean, Diddy, Judge Andrew Carter, ” “ He’s, ” CNN’s Eric Levenson contirbuted Organizations: CNN, of, of Illinois, Areva Martin, United States, Intelligence, Homeland Security Investigations, Southern District, of New York, West Locations: New York City, Eastern, of New York, York, Southern, New York, Illinois
"Federal judges are gods, and they can get away with anything," Rahmani said. More than 30 conservative federal justices, members of Scalia's family, and several fellow members of the conservative Federalist Society also attended, ProPublica reported. Earlier this summer, President Joe Biden called on Congress to implement term limits and an enforceable code of ethics for Supreme Court justices. AdvertisementThe nine Supreme Court justices did agree to a code of conduct last year, modeling their new guidelines after the rules that govern federal judges. California Rep. Adam Schiff introduced a bill earlier this year that would expand penalties for federal judges who violate ethics rules.
Persons: , Aileen Cannon, ProPublica, Cannon, Judge Cannon, America's, Clarence Thomas, Harlan Crow, Samuel Alito, Rahmani, Antonin Scalia, Impeaching, Scott Lemieux, John J, SCOTUS, Joe Biden, Rahamni, Adam Schiff, Lemieux Organizations: Service, Trump, Business, Southern, Southern District of, Supreme, Law and Economics, George Mason University, Federalist Society, University of Washington, Los Angeles litigator Locations: Southern District, Southern District of Florida, Bali, Los Angeles, California
Read previewShould Taylor Swift sue Donald Trump or just shake it off? "Swift could sue Trump and those who misappropriated her likeness by creating AI-generated images," Neama Rahmani, the president and a cofounder of West Coast Trial Lawyers, said. "So I wouldn't be surprised if they send the Trump campaign a cease-and-desist letter at a minimum," Rahmani said. Firmly in the "sue Trump" camp is James Walker Jr., a veteran entertainment attorney from Atlanta who reps the estate of Isaac Hayes. Swift would need to prove that the Trump campaign sent these images out with intent to deceive voters."
Persons: , Taylor Swift, Donald Trump, Trump, Swift, Taylor, deepfakes, Scarlett Johansson, lawyered, Rahmani, Harry Surden, Surden, Harris, James Walker Jr, Isaac Hayes, Walker, Aretha Franklin, I've, Paul Michael Wilson, Wilson, Jessica Litman, Litman, Mark Bartholomew, Bartholomew, Juan Perla, Curtis, Mallet, Prevost, Perla, Celine Dion, Vance, Johansson Organizations: Service, Business, Trump, West, Trial, University of Colorado, Biden, Walker & Associates, University of Michigan, University at Buffalo, ELVIS, Colt Locations: University of Colorado Boulder, Atlanta, Hayes, Tennessee, York
CNN —The dramatic dismissal of the involuntary manslaughter case against actor Alec Baldwin over withheld evidence could mean the release of convicted “Rust” movie armorer Hannah Gutierrez Reed from a New Mexico state prison, legal experts say. But the Baldwin case imploded on Friday – just two days after the trial began – with the sudden and shocking twists and turns of a nail-biting legal thriller. “I fully expect Hannah Gutierrez Reed to make the same argument for her conviction to be overturned,” Neama Rahmani, a former federal prosecutor, told CNN. Her ruling regarding the failure to disclose the ammunition should carry significant weight in the Gutierrez Reed case, CNN legal analyst Joey Jackson said. Hannah Gutierrez Reed will go free as well.
Persons: Alec Baldwin, “ Rust, armorer Hannah Gutierrez Reed, Hannah Gutierrez Reed, Halyna Hutchins, Baldwin, Alec Baldwin’s, Hannah Gutierrez, , Duncan Levin, Gutierrez Reed’s, , Neama, wasn’t, exonerates Gutierrez Reed, Troy Teske, Marissa Poppell, Poppell, Brady, Mary Marlowe Sommer, ” Marlowe Sommer, “ Hunt, , Hilaria, Hutchins, Joel Souza, Jason Bowles, Hannah’s, ” Bowles, Sommer, Gutierrez Reed, Joey Jackson, ” Jackson, don’t, It’s, Alec Baldwin who’s, ” CNN’s John Campbell, Cheri Mossberg, Julia Vargas Jones, Jack Hannah, Eric Levenson Organizations: CNN, Cornell Law School Locations: New Mexico, York, Santa Fe, . Maryland
Read previewIn her dissenting opinion to the Supreme Court's ruling on presidential immunity, Justice Sonia Sotomayor said that the conservative majority had enabled presidents to assassinate political rivals without fear of criminal prosecution. Related stories"When he uses his official powers in any way, under the majority's reasoning, he now will be insulated from criminal prosecution," Sotomayor wrote. Immune, immune, immune." Trump's lawyers had argued that he was immune from criminal prosecution over those efforts because they fell within the scope of his official duties. AdvertisementFormer federal prosecutor Neama Rahmani disagreed with Sotomayer, saying that there would be no presidential immunity for extreme circumstances like ordering the assassination of a political rival.
Persons: , Sonia Sotomayor, Sotomayor, Elena Kagan, Ketanji Brown Jackson, Donald Trump, Neama Rahmani, Sotomayer Organizations: Service, Business, Trump, Justice Department, Trump electors
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Most, if not all, of that conduct would fall on the 'presumptively-official' side of the line," said Michel Paradis, an attorney who teaches national security and constitutional law at Columbia Law School. AdvertisementUnder Monday's decision, "courts may not inquire into the President's motives" in deciding if a presidential act is official or unofficial. "And this opinion, more than any other in the Supreme Court's history, gives the president king-like powers," Sloan added. "Everybody was horrified" when Trump's lawyer first raised immunity in that circumstance as a possible consequence, Sloan said.
Persons: , Richard Nixon, — Nixon, Michel Paradis, Paradis, Trump, Trump's, Rudy Giuliani, Neama Rahmani, Rahmani, Cliff Sloan, Sloan, Sonya Sotomayor Organizations: Service, FBI, CIA, Business, Columbia Law School, Department of Education, Environmental Protection Agency, Biden, Trump, West, Georgetown Law, Supreme Locations: Independence
CNN —Narges Mohammadi, Iran’s most prominent human rights activist and 2023 Nobel Peace Prize winner, has been sentenced to another year in Tehran’s notorious Evin prison, her lawyer said Tuesday. According to Nili, the Iranian regime cited statements Mohammadi made concerning Iranian student and journalist Dina Ghalibaf, who was arrested in April after she publicly claimed to have been sexually assaulted by members of Iran’s morality police. The authorities also cited a letter Mohammadi wrote calling on Iranians to boycott parliamentary elections back in February and the activist’s correspondence with Swedish and Norwegian parliaments. In the letter, Mohammadi condemned an Israeli strike on a refugee camp in Rafah that killed over 45 Palestinians. From her cell, Mohammadi has also remained committed to amplifying the cause of Iranian women who have staged numerous protests in a bid to resist the regime’s mandatory hijab rule.
Persons: Narges, Mohammadi, ” Mostafa Nili, Nili, Dina Ghalibaf, Mahsa Amini, , , – Ali Rahmani, Kiana – Organizations: CNN, Iranian, Islamic Locations: Tehran’s, Islamic Republic, Gaza, Rafah, Iran, Oslo, Norway’s
Related VideoIn his opening statement at the trial, Biden's lawyer Abbe Lowell urged jurors in the Wilmington, Delaware, federal court to acquit his client. "They know how to put on a tight gun case." Biden's trial was not necessarily a lost cause. Hunter Biden's lawyers have argued this arrangement has perversely allowed Weiss to politicize the proceedings unchecked. This story was updated following the jury verdict in Hunter Biden's gun trial.
Persons: , Hunter Biden, Biden, Abbe Lowell, Prosecutors, Sarah Krissoff, didn't, Maryellen Noreika, Donald Trump, Lowell, Jared Kushner, Sen, Robert Menendez, John Edwards —, Joe Biden, ROBERTO SCHMIDT, David Weiss, General Merrick Garland, Weiss, Hunter Biden's, Noreika, Trump, Republicans gloated, Hallie Biden, Cozen O'Connor, Duncan Levin, Levin, He's, Krissoff, Evelyn Hockstein, Neama Rahmani, Rahmani Organizations: Service, Business, Alcohol, Tobacco, Firearms, Explosives, AFP, Getty, Trump, Justice, Republicans, Biden's, US, BI, Republican, U.S, U.S . Department of Justice, Hill, REUTERS, Justice Department, West, Creative Locations: Wilmington , Delaware, Manhattan, Delaware, California, New York, Texas
Related storiesBusiness Insider located the Facebook comment, which was timestamped 4:39 p.m. on May 29, a day before the jury verdict. Advertisement"Now we are married ❤️ 😁," he posted in response to another Facebook comment, which criticized his purported cousin. FacebookOn his Facebook page, Anderson describes himself as "Transabled & a professional shit poster." Michael Anderson's Facebook page describes him as a "professional shitposter." While it remains unclear how significant the Facebook post will become during the proceedings leading up to Trump's sentencing, it could complicate things.
Persons: , Donald Trump, Michael Anderson, MAGA Organizations: Service, New York, Unified, Business Locations: Manhattan
"They know how to put on a tight gun case." Biden's trial is not necessarily a lost cause. This arrangement has perversely allowed Weiss to politicize the proceedings unchecked, Hunter Biden's lawyers argued. There's no evidence that Biden even loaded or used the gun before his brother's widow, Hallie Biden, threw it out. "Obviously, the conduct that the government ought to be addressing is whether somebody is on drugs and high while they're shooting a gun," Levin said.
Persons: , Hunter Biden, Abbe Lowell, Prosecutors, Biden, Sarah Krissoff, didn't, Maryellen Noreika, Donald Trump, Lowell, Jared Kushner, Sens, Robert Menendez, John Edwards —, Joe Biden, ROBERTO SCHMIDT, David Weiss, General Merrick Garland, Weiss, Hunter, Noreika, Trump, Republicans gloated, Hallie Biden, Cozen O'Connor, Hunter Biden's, Duncan Levin, Levin, He's, Krissoff, Evelyn Hockstein, Neama Rahmani, Rahmani, there's Organizations: Service, Business, Alcohol, Tobacco, Firearms, Explosives, AFP, Getty, Republicans, US Justice Department, Republican, U.S, U.S . Department of Justice, Hill, REUTERS, Justice Department, West, Creative Locations: Wilmington , Delaware, Manhattan, Delaware, California, New York, Texas
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSpecial counsel Jack Smith and lawyers for Donald Trump are fighting over a proposed gag order that would prevent the former president from claiming the FBI plotted to assassinate him during their August 2022 raid on Mar-A-Lago. This story is available exclusively to Business Insider subscribers. "Judge Cannon has issued — or not issued — some very bizarre orders, but given that Judge Cannon has seemingly sided with Trump at every possible turn, I wouldn't be surprised if she did not issue this order." Representatives for Smith's office and lawyers for Trump did not respond to requests for comment from Business Insider.
Persons: , Jack Smith, Donald Trump, Smith, Aileen Cannon, Cannon, Trump, George Conway, Kellyanne Conway, Ty Cobb, Tracy Pearson, Kevin McMunigal, McMunigal, Neama, Rahmani, Judge Cannon, Pearson, that's Organizations: Service, Trump, Business, Circuit, Washington Post, Trump White House, CNN, New York Times Locations: Mar
Last month, the Consumer Financial Protection Bureau declared that buy now, pay later customers should have the same federal protections as users of credit cards. However, Marshall Lux, a fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School who studies BNPL, says the government's latest guidance is already a few steps behind. In fact, major buy now, pay later providers already provide such safeguards for users. "We've got an industry that's moving at light speed and a regulatory process that takes time," Lux said. More from Personal Finance:25% of consumers recently used a buy now, pay later loanCould buy now, pay later loans affect your credit score?
Persons: Marshall Lux, BNPL, , PayPal —, We've, Lux, Penny Lee Organizations: Consumer Financial, Bureau, Rahmani Center for Business, Government, Harvard Kennedy School, PayPal, Finance, Financial Technology Association, Zip
Read previewFormer President Donald Trump's historic conviction on Thursday may have been in part due to mistakes made by his defense team, including not having him take the stand, legal experts told Business Insider. Though the conclusion of the case was significant, three legal experts told BI the verdict wasn't a major shock. AdvertisementHe pointed to opening statements made by Trump's lawyer, Todd Blanche, that Rahmani thought suggested an accountant would testify and serve as a fall guy. AdvertisementNot long before resting their case, the defense told the judge they were still weighing having Trump testify. Some legal experts previous said testifying would not be a good idea for Trump, with concerns that he could end up committing perjury.
Persons: , Donald Trump's, Trump, Stormy Daniels, Alex Reinert, Eric Anderson, Sullivan Wright Gizer, McRae, Donald Trump, Daniels, Neama, Todd Blanche, Michael Cohen, Trump's, Rahmani, David Pecker, Anderson, Cohen, hadn't, It's, Merchan, Biden Organizations: Service, New, Business, Cardozo School of Law, McRae LLP, West, Trial, National Enquirer, Trump Locations: New York
But while the former president has been uncharacteristically restrained recently, a cast of Republican lawmakers and Trump surrogates have traveled to court to rail about the proceedings. It's raised questions about whether the "surrogates" could be violating Trump's gag order. Sen. Tommy Tuberville of Alabama, who has been floated as a potential VP pick, told Newsmax one reason he attended was to "overcome this gag order." Under the gag order, Trump is not allowed to comment about Cohen. But Neama Rahmani, a former federal prosecutor, told BI that "practically speaking," Judge Merchan can do little to stop lawmakers from speaking on Trump's behalf.
Persons: , Donald Trump, Michael Cohen, It's, Mike Johnson, JD Vance, Ohio, Rick Scott of, Vivek Ramaswamy, Vance, Doug Burgum, Matt Gaetz, Michael M, Trump, Juan Merchan's, Andrew Rice, he'd, Sen, Tommy Tuberville, Lauren Boebert, Cohen, Boebert, Donald J, Andrew Lieb, Lieb, ANGELA WEISS, Laurie Levenson, Neama, Merchan, Rahmani, Jeff Modisett Organizations: Service, Republican, Trump, Business, Sens, Gov, Republicans, MSNBC, Caucus, Loyola Law, Former Indiana Locations: Rick Scott of Florida, Florida, Alabama, Colorado, Manhattan
Judge Aileen Cannon on Tuesday delayed Donald Trump's classified documents case indefinitely. AdvertisementUS District Judge Aileen Cannon handed former President Donald Trump yet another legal win when she delayed his classified documents case indefinitely on Tuesday. It's just the latest legal win for Trump in the classified documents case handed to him by Cannon. Ty Cobb, a former Trump White House attorney, told CNN on Tuesday that Cannon's latest decision was "a combination of bias and incompetence." In light of Cannon's latest delay, Kalir said it was not surprising given her prior actions on the case.
Persons: Aileen Cannon, Donald Trump's, It's, , Donald Trump, Cannon, Trump, Jack Smith's, Canon, Katie Charleston, Justice Department —, Paula Reid, Judge Cannon, I'm, She's, aren't, Ty Cobb, galvanizes, Charlie Kolean, Kolean, Tre Lovell, it's, Doron Kalir, Fani Willis, Nathan Wade, Kalir Organizations: Trump, Service, Business, Justice Department, FBI, Mar, Appeals, Associated Press, Court, Trump White House, CNN, RED PAC, Cleveland State University College of Law Locations: Lago, Southern Florida, Trump's, South Florida, Georgia, New York
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. A month earlier, on the opposite coast in downtown Manhattan, FTX's Sam Bankman-Fried received a 25-year prison sentence for his crimes. At the beginning of his trial, SBF sported a fresh haircut and wore suits, but by its end, his curls were wild again. Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. watch nowMoney makes all the differenceUnlike SBF, CZ didn't have his wealth wiped out by bankruptcy of the crypto company he founded.
Persons: Sam Bankman, Zhao Changpeng, Mike Segar, Benjamin Girette, Changpeng Zhao, FTX's Sam Bankman, Fried, Zhao, Binance's Zhao, FTX's, Toyotas, Braden Perry, Perry, Manfred, SBF, Michael Lewis, Lewis, Sam didn't, Amr Alfiky, Sam, Caroline Ellison, , Zhao's, Yi He, Binance, David Ryder, Yang, Rachel Zhao, Yesha Yadav, Yadav, Mark Bini, Lewis Kaplan, Bankman, Kaplan, perjured, Neama Rahmani, Rahmani, Tre Lovell, Zhao hasn't, Lovell, weren't, FTX Organizations: Reuters, Bloomberg, Getty, Department of Justice, CFTC, Stanford University's, Bankman, CZ, Staff, Reuters Prosecutors, Alameda Research, Vanderbilt University, Wall Street, CNBC, FTX, Emergency Economic, Justice Department, DOJ Locations: Seattle, Manhattan, California, Hong Kong, Bahamas, Palo Alto, U.S, New York City, Alameda, Seattle , Washington, Paris, France, Angeles, Binance, Dubai, Delaware
Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. Former federal prosecutor Neama Rahmani agrees, adding that Zhao's personal wealth won't be affected by his sentence. That's a different siutation from Sam Bankman-Fried, the controversial ex-CEO and founder of crypto exchange FTX. Bankman-Fried received a 25-year prison term for crimes connected to the operation of his crypto exchange. "Negative long-term impact on Binance will diminish the value of CZ's investment in the crypto exchange," said Yadav.
Persons: Changpeng Zhao, Reuters Changpeng Zhao, Zhao, Gabriel Abed, Richard Jones, Tre Lovell, Neama Rahmani, David Ryder, Binance, Braden Perry, Sam Bankman, Joshua de Vos, de Vos, Fried, Yesha Yadav, That's, Forbes, he's, Lucas Kiely, Kiely —, , Yadav, it's Organizations: Staff, Reuters, CNBC, U.S, U.S . Department of Justice, District, Toyota, Bloomberg, Getty, Bank, Commodity Futures Trading Commission, Vanderbilt University, Department, Securities and Exchange Commission, SEC Locations: Paris, France, Seattle, Zhao, Binance, Los Angeles, Seattle , Washington, Dubai, U.S, bitcoin, Iran
By failing to report the offer, Trump's legal team may have violated ethics rules, ProPublica found. "I saw that they were rejected by everyone, and I said, 'Gee, that doesn't seem like a difficult bond to post,'" Hankey told ProPublica. However, legal experts told Business Insider, that if his lawyers knew about the offer and failed to notify the court, they may have violated ethics rules. However, he noted it would be difficult to prove what Trump's lawyers knew and when they knew it. The Trump campaign, lawyers representing the former president in his civil fraud case, and Knight Specialty Insurance Company representatives did not immediately respond to requests for comment from Business Insider.
Persons: ProPublica, , Donald Trump's, he'd, Don Hankey, Gee, Hankey, Trump, Neama Rahmani, Andrew Lieb, " Lieb Organizations: Service, Trump, Knight Specialty Insurance, New York, Bar Association, NY, Division, Supreme, Business, Knight Specialty Insurance Company Locations: ProPublica
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