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☆ Urologist Who Sexually Abused Patients Is Sentenced to Life in Prison
▼ + stars: | 2024-11-20 | by ( Alyce Mcfadden | More About Alyce Mcfadden | ) www.nytimes.com time to read: +1 min

On Wednesday, his sentence was handed down by Judge Ronnie Abrams in federal court in Manhattan. Dr. Paduch, of North Bergen, N.J., was arrested last April. During appointments, the indictment said, Dr. Paduch told patients to masturbate in front of him, sometimes groping them or showing them pornography. During the course of the trial, 11 victims testified about abuse they had suffered under Dr. Paduch’s care, and dozens more wrote impact statements before he was sentenced Wednesday. Mallory Allen, a lawyer for a firm that represents 140 former patients who have filed civil suits against him, said in a statement that the sentence affirms that “heinous sexual abuse will not be overlooked.”

Persons: Ronnie Abrams, Paduch, Michael Baldassare, ”, Paduch’s, Mallory Allen Organizations: Presbyterian Hospital and Weill, Cornell Medical Center, Northwell Locations: Manhattan, North Bergen, N.J, New York, NewYork, Long

He said Franklin Templeton might have worried about people seeing Cooper, a former insurance portfolio manager, display bad judgment and a short temper. Litt said Franklin Templeton crossed a line. Critics labeled Cooper "Central Park Karen," using a pejorative for an entitled white woman. Its lawyer Bryan Killian told the appeals court it was unreasonable to see the company's statements as "anything other than a response to the video." The case is Cooper v Franklin Templeton Investments et al, 2nd U.S.

☆ The judge in the FTX fraud case stepped down because her husband works for a firm that advised Sam Bankman-Fried's crypto exchange last year
▼ + stars: | 2022-12-28 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Ronnie Abrams, the US district judge in the FTX fraud case, stepped down and has been replaced. She said that her husband is a partner at Davis Polk & Wardwell LLP, which last year advised FTX. Judge Lewis A. Kaplan has taken over the FTX case. Ronnie Abrams, a judge at the US District Court for the Southern District of New York, said in a filing on Friday that she was stepping down. On Tuesday, the case was reassigned to Lewis A. Kaplan, a senior judge at the court, legal filings show.

☆ Sam Bankman-Fried will enter a plea next week in FTX case, court filings show
▼ + stars: | 2022-12-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried is scheduled to enter a plea on January 3. Two of his top lieutenants, including Caroline Ellison, already pleaded guilty to a fraud scheme. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyFTX founder Sam Bankman-Fried is expected to enter a plea at a court hearing next week, court filings show. A docket entry on Wednesday designated it as an arraignment hearing, meaning that Bankman-Fried is now scheduled to enter his plea. On Tuesday, the criminal cases of Bankman-Fried, Ellison, and Wang were assigned to US District Judge Lewis Kaplan.

Law firms Davis Polk & Wardwell LLP FollowDec 27 (Reuters) - Sam Bankman-Fried's criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain's Prince Andrew. U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused herself on Friday after learning that the law firm Davis Polk & Wardwell, where her husband is a partner, advised FTX in 2021. Trump has sought the dismissal of both lawsuits, including a battery claim. Kaplan also recently oversaw Virginia Giuffre's civil lawsuit accusing Prince Andrew of sexually abusing her when she was 17 at the London home of Ghislaine Maxwell, the now-convicted former associate of late sex offender Jeffrey Epstein. Reporting by Tom Hals in Wilmington, Delaware and Jonathan Stempel in New York; Editing by Chizu Nomiyama and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Caroline Ellison told a judge she's 'truly sorry' for defrauding FTX customers – and 'knew that it was wrong'
▼ + stars: | 2022-12-26 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Caroline Ellison told a judge she's "truly sorry" for her role in FTX's collapse, per New York Times. The former CEO of Sam Bankman-Fried's crypto-trading firm Alameda Research told US District Judge Ronnie Abrams in Manhattan federal court "I am truly sorry for what I did. The court unsealed the transcript of her plea hearing on December 22. Ellison told the judge she went along with the decision of her ex-boyfriend Bankman-Fried and others to conceal the close relationship between FTX and Alameda, according to the transcript seen by The Times. She also said she agreed with the decision to divert billions in customer deposits at FTX to pay off loans of Alameda.

☆ Caroline Ellison told a judge that FTX executives secretly borrowed billions from Alameda Research, report says
▼ + stars: | 2022-12-24 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Caroline Ellison told a judge that FTX execs secretly borrowed billions from Alameda Research. She said she and Sam Bankman-Fried concealed the credit line from FTX investors and customers. In November, Reuters reported that Bankman-Fried secretly moved $10 billion in FTX customer funds to Alameda Research. Bankman-Fried told Reuters the sum was not "secretly" transferred: "We had confusing internal labeling and misread it." FTX filed for Chapter 11 bankruptcy protection on November 11 after it imploded, wiping out customer deposits worth billions.

Ellison and FTX co-founder Gary Wang both pleaded guilty and are cooperating with prosecutors as part of their plea agreements. Roos said Bankman-Fried carried out a "fraud of epic proportions" that led to the loss of billions of dollars of customer and investor funds. Bankman-Fried has acknowledged risk-management failures at FTX but said he does not believe he has criminal liability. A flurry of customer withdrawals in early November amid concerns about commingling of FTX funds with Alameda prompted FTX to declare bankruptcy on Nov. 11. Bankman-Fried was arrested in the capital Nassau on Dec. 12 and arrived in the United States on Wednesday after consenting to extradition.

Companies Ledgerx LLC FollowNEW YORK, Dec 22 (Reuters) - Sam Bankman-Fried was released on a $250 million bond package on Thursday while he awaits trial over the collapse of the FTX crypto exchange, which a U.S. prosecutor called a "fraud of epic proportions." His defense lawyer, Mark Cohen, declined to comment after the hearing in Manhattan federal court. U.S. Magistrate Judge Gabriel Gorenstein set Bankman-Fried's next court date for Jan. 3, 2023, before U.S. District Judge Ronnie Abrams, who will handle the case. The bond is meant to ensure that if Bankman-Fried flees, the government could confiscate the family's assets - including their Palo Alto home - up to $250 million. Details of their cooperation were kept under wraps until Bankman-Fried left the Bahamas, according to court papers filed on Thursday.

☆ Sam Bankman-Fried and FTX execs received billions in hidden loans, ex-Alameda CEO says
▼ + stars: | 2022-12-23 | by ( ) www.nbcnews.com time to read: +3 min

Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul’s Alameda Research, the hedge fund’s former chief told a judge when she pleaded guilty to her role in the exchange’s collapse. Ellison and FTX co-founder Gary Wang both pleaded guilty and are cooperating with prosecutors as part of their plea agreements. Bankman-Fried has acknowledged risk-management failures at FTX but said he does not believe he has criminal liability. A flurry of customer withdrawals in early November amid concerns about commingling of FTX funds with Alameda prompted FTX to declare bankruptcy on Nov. 11. Bankman-Fried was arrested in capital Nassau on Dec. 12 and arrived in the United States on Wednesday after consenting to extradition.

☆ Alameda's ex-CEO tells judge she hid billions in loans to FTX execs
▼ + stars: | 2022-12-23 | 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: +1 min

Companies Alameda Research FollowNEW YORK, Dec 23 (Reuters) - Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research, the hedge fund's former chief told a judge in her guilty plea for her role in the exchange's collapse. "We prepared certain quarterly balance sheets that concealed the extent of Alameda’s borrowing and the billions of dollars in loans that Alameda had made to FTX executives and to related parties," Ellison told U.S. District Judge Ronnie Abrams in Manhattan federal court, according to the transcript. Bankman-Fried has been accused of orchestrating an "epic" fraud that led to the loss of billions of dollars of customer and investor funds. He has acknowledged risk-management failures at FTX but said he does not believe he has criminal liability and he has not entered a plea. Reporting by Luc Cohen in New York Writing by Tom Hals in Wilmington, Del.

Federal authorities on Tuesday charged FTX co-founder Sam Bankman-Fried with using what they said was tens of millions of dollars of misappropriated customer funds to make illegal political donations to both Democratic and Republican candidates. He then used those funds to make "large political donations," to make investments and buy "lavish real estate," the SEC complaint alleged. The campaign finance allegations come days after a private watchdog group asked the Federal Election Commission to investigate Bankman-Fried's political contributions. Most of Bankman-Fried's publicly disclosed campaign contributions, which totaled nearly $40 million in the 20222 election cycle, went toward Democrats, FEC records show. "The question is whether regulators, including the SEC, backed off from aggressive investigation of FTX because of this political influence," Painter said.

Under the decades-old policy, defendants who settle without admitting to allegations must agree not to publicly deny them. U.S. District Judge Ronnie Abrams took said in a ruling that requiring "gag orders" clashes with the constitutional protection of free speech. The SEC has defended the policy, saying that defendants are free to challenge allegations in court instead of settle. Circuit Court of Appeals have criticized the policy, no court has ruled against the SEC. The case is SEC v, Moraes, U.S. District Court, Southern District of New York, No.

☆ 'Central Park Karen' Amy Cooper loses discrimination and defamation lawsuit claiming former employer unfairly fired her after viral incident
▼ + stars: | 2022-09-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Amy Cooper sued Franklin Templeton in May 2021 after the company fired her over her viral Central Park incident. Cooper said the company engaged in race and gender discrimination in terminating her days after she called 911 on Black man. A judge found there was no evidence of discrimination or defamation against Cooper in Wednesday's ruling. Amy Cooper sued Franklin Templeton in May 2021 after the investment firm fired her over a 2020 incident in which Cooper called 911 on Christian Cooper, a Black man bird watching in New York City's Central Park. The viral encounter occurred May 25, 2020 when Cooper recorded Amy Cooper calling the police during an argument in Central Park.

☆ White woman who called 911 on Black bird-watcher in Central Park loses her lawsuit against her former employer
▼ + stars: | 2022-09-22 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +3 min

Amy Cooper later told NBC New York that she had overreacted and was sorry for the incident. The following day, Franklin Templeton tweeted out that it had terminated Amy Cooper’s employment. Lawyers for Amy Cooper did not immediately respond to an overnight request for comment from NBC News. Franklin Templeton also did not immediately respond to an overnight request for comment. Manhattan prosecutors charged Amy Cooper in July 2020 with filing a false police report, which is a misdemeanor, but the charge was dropped months later after she completed therapy.

REUTERS/Chip EastCompanies Franklin Resources Inc FollowNEW YORK, Sept 21 (Reuters) - The white woman who falsely told police she was threatened by a Black bird-watcher in New York City's Central Park has lost a lawsuit accusing her former employer Franklin Templeton of illegally firing her and portraying her as racist. Franklin Templeton, part of San Mateo, California-based Franklin Resources Inc (BEN.N), said it "responded appropriately" to the incident and was pleased with the dismissal. Franklin Templeton fired Amy Cooper the next day, and she was branded on social media as "Central Park Karen," incorporating a pejorative for an entitled white woman. Cooper argued that the defendants' statements implied that Franklin Templeton had uncovered details about her alleged racism not evident from the video, but the judge disagreed. The case is Cooper v Franklin Templeton et al, U.S. District Court, Southern District of New York, No.

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