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Search resuls for: "Russell Capone"


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New York Police Commissioner Edward Caban resigned Thursday amid a federal investigation into the department's nightclub enforcement, according to sources familiar with the matter. Caban, the city’s first Latino police commissioner, took over the department in July 2023 after being tapped by Mayor Eric Adams, whose administration is the target of multiple federal investigations. Adams, speaking in an address later Thursday, announced that he was appointing Thomas Donlon as the interim police commissioner. Those whose homes were searched included First Deputy Mayor Sheena Wright and Deputy Mayor for Public Safety Philip Banks III. Caban's twin brother, James Caban, who owns a nightclub security business, also had his phone seized in the corruption investigation involving the NYPD.
Persons: Edward Caban, Eric Adams, ” Caban, Adams, Thomas Donlon, Sheena Wright, Public Safety Philip Banks III, James Caban, Russell Capone, Rebekah Donaleski Organizations: New York Police, NYPD, NBC News, New, National Threat Center, FBI, Force, Public Safety, Federal, Southern, of, U.S Locations: New York City, Midtown Manhattan, Queens, of New York, Turkey
New York Police Department Commissioner Edward Caban speaks during the first quarter crime briefing press conference Wednesday, April 3, 2024, in Manhattan, New York City. NYPD Commissioner Edward Caban resigned Thursday from his post helming the country's largest police department amid a federal investigation into its nightclub enforcement, according to a memo obtained by News 4. I have therefore decided it is in the best interest of the Department that I resign as Commissioner." Caban, who was appointed to the job in July 2023, became the first Latino to serve as commissioner of the NYPD in its 179-year history. Several sources tell NBC New York federal investigators want to know if James Caban profited from his ties to his powerful brother and the NYPD.
Persons: Edward Caban, Caban, Eric Adams, Adams, Tom Donlon, James Caban, Caban's, Russell Capone, Rebekah Donaleski Organizations: New York Police, NYPD, News, NYPD –, Department, U.S, Attorney's, Southern, of, IRS, NBC New, New York City Police Department, Cooley Locations: Manhattan , New York City, of New York, NBC New York, Midtown, Queens
FTX's Nishad Singh forfeited a $3.7 million vacation home to the US government, Bloomberg reported. The SEC accused Singh of withdrawing $6 million from FTX for personal expenditure. Singh pleaded guilty to six criminal counts including wire fraud and conspiracy charges in February. The Securities and Exchange Commission separately accused Singh of creating a code that allowed Bankman-Fried to easily divert the funds to Alameda. They also accused him of taking $6 million from FTX for personal expenditure and making donations to charity.
Nishad Singh, who led engineering at FTX, has pleaded guilty to six criminal charges. Singh pleaded guilty to six counts, including wire fraud and various conspiracy charges, according to a filing on Tuesday in New York federal court. Caroline Ellison, the former CEO of Alameda Research, and FTX cofounder Gary Wang both pleaded guilty in December and are also cooperating with federal prosecutors. Bankman-Fried, who was hit this month with an updated indictment outlining 12 counts against him, pleaded not guilty in January. Singh had been head of engineering at both FTX and Alameda, according to the SEC's complaint.
New York CNN —A former top executive of failed cryptocurrency trading platform FTX pleaded guilty and is cooperating with federal prosecutors investigating the alleged billion-dollar fraud at the now collapsed exchange. Nishad Singh, the former director of engineering at FTX, pleaded guilty to six conspiracy charges, including conspiracy to commit wire fraud, conspiracy to commit money laundering and conspiracy to violate federal campaign finances laws. Singh is the third top executive and close confidante of FTX founder Sam Bankman-Fried to plead guilty and cooperate with prosecutors. Gary Wang, co-founder of FTX, and Caroline Ellison, the former head of FTX’s sister hedge fund Alameda Research, both pleaded guilty last year and are cooperating against Bankman-Fried. New York state election records show Singh made a $107,000 donation to the committee on October 28, 2022.
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