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Earlier this year, Blackstone rolled out an ownership plan for employees of HVAC company Copeland. The newest rage in private equity seeks to flip that model on its head by offering employees equity on top of their regular salaries. Success in private equity is often evaluated by how much money a deal generates compared to the initial investment. Joe Baratta, global head of private equity at Blackstone BlackstoneAcross the industry, high interest rates have squeezed returns and exit opportunities. KKR's global cohead of private equity, Pete Stavros, also helped found the nonprofit Organizing Works to encourage the adoption of this model across the private equity industry and beyond.
Persons: Blackstone, Copeland, Here's, , Ross Shuster, Shuster, Stuart Dalgleish, Joe Baratta, Dalgleish, we've, Copeland's Shuster, outsized, Pete Stavros, KKR's Stavros, NPR's, Ted, Stavros, Josh Ryan, Leonard Green, Axel Springer Organizations: Service, Business, Blackstone, Emerson Climate Technology, Blackstone ., BI, Human, Emerson Electric, Employees, Merlin Entertainment, Blackstone Blackstone, KKR, CHI, NPR, GeoStabilization, Leonard Green & Partners Locations: New York City, Manhattan
Akshay Bhardwaj, the executive chef at Junoon, shared tips for making the perfect butter chicken. But it first found its footing as "butter chicken" in the US at Manhattan's now-closed Gaylord Indian Restaurant in 1975. AdvertisementWhile growing up in Queens, New York, Bhardwaj learned there are many variations of butter chicken. AdvertisementBusiness Insider spoke to Bhardwaj via video call to ask for his advice on recreating a restaurant-style butter chicken at home. Here are his top nine tips for making the perfect butter chicken at home.
Persons: Akshay Bhardwaj, , New York City's, Joe's, Bhardwaj Organizations: Service, New York, Gaylord Indian, Costco, Manhattan, Michelin Locations: New, India, Manhattan's, Queens , New York, North India, West
Attorneys for Sean “Diddy” Combs filed a motion Tuesday requesting that his accusers in a federal sex trafficking case be publicly identified so he can prepare a proper defense. Sean "Diddy" Combs and his defense lawyer Marc Agnifilo stand before U.S. Magistrate Judge Robyn Tarnofsky after prosecutors brought three criminal charges against him in federal court in Manhattan on Sept. 17. Yesterday alone, anonymous accusers filed an additional six lawsuits,” Tuesday's motion argues. Buzbee announced at an Oct. 1 news conference that he was representing accusers with allegations against Combs — under the Victims of Gender-Motivated Violence Protection Act. The lawsuits name Combs and his various businesses as defendants, and the accusers are seeking unspecified damages.
Persons: Sean “ Diddy ” Combs, Arun Subramanian, Combs, Sean, Diddy, Marc Agnifilo, Robyn Tarnofsky, Jane Rosenberg, Casandra, Cassie, Ventura, , Tony Buzbee, Buzbee, “ We’re, ” Buzbee, Subramanian Organizations: Combs ’, U.S . Department of Homeland Security, CNN, Buzbee, of, NBC News Locations: Manhattan, Los Angeles, Texas, Southern, of New York
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, Goldman Sachs' earnings result might be a sign of the long-awaited return of M&A . The big storyM&A for allWin McNamee/Getty ImagesDon't look now, but M&A might finally be coming back. Goldman Sachs, Wall Street's perennial M&A king, smashed analysts' third-quarter expectations , notching $3 billion in profits. One analyst took things a step further, floating the idea of an "M&A supercycle" once the money that's been sitting on the sidelines finally gets put to work.
Persons: , Goldman Sachs, Win McNamee, Insider's Reed Alexander, David Solomon, that's, Jenny Chang, Rodriguez, Mariana Bazo, Tyler Le, TSMC, Biden, Donald Trump, Elon Musk, TK, Alex Brandon Elon Musk, Kamala Harris, Alain Tascan, Jeet Shroff, Shroff, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, LaGuardia Airport, Getty, BI, Monetary Fund, Chartered, Apple, Bloomberg, Google, Trump, PAC, America PAC, AP, Trump PAC, Epic, Discover Financial Services Locations: Midtown Manhattan, China, lockstep, New York, London
Chen Teng left her corporate job in New York to move to South Korea in 2016. Now, she lives in a cozy loft and pays 870,000 Korean won, or $640, for rent each month. AdvertisementFeeling trapped at her digital marketing job in corporate America, Chen Teng made a spur-of-the-moment decision to quit and move to a different country. Related storiesHer budget was 10 million Korean won for her deposit, and then under 900,000 won a month for rent. Her rent is 870,000 Korean won, or $640, each month, and Teng paid a deposit of 10 million Korean won for the apartment.
Persons: Chen Teng, , Teng, weren't, There's, I'm, nothing's, I've Organizations: Service, Yorker, Seoul — Locations: New York, South Korea, Seoul, America, Asia, Korea, Mok, Korean, Brooklyn, Manhattan —, Zillow, New York City
Aire Images | Moment | Getty ImagesHigher 401(k) catch-up contributionsEmployees can now defer up to $23,000 into 401(k) plans for 2024, with an extra $7,500 for workers age 50 and older. But starting in 2025, workers aged 60 to 63 can boost annual 401(k) catch-up contributions to $10,000 — or 150% of the catch-up limit — whichever is greater. An estimated 15% of eligible workers made catch-up contributions in 2023, according to Vanguard's 2024 How America Saves report. Roth catch-up contributionsAnother Secure 2.0 change will remove the upfront tax break on catch-up contributions for higher earners by only allowing the deposits in after-tax Roth accounts. That means workers can still make pretax 401(k) catch-up contributions through 2025, regardless of income.
Persons: Jamie Bosse, Vanguard's Stinnett, Roth Organizations: IRS, CGN Advisors, America, Vanguard Locations: Manhattan , Kansas
In the coming days, their efforts may yield a new indictment, a gag order, and a bail decision. Federal prosecutors have signaled they are looking at weapons and drug charges. Combs' indictment alleges he gave ecstasy, ketamine, GHB, and other so-called party drugs to his victims "to keep them obedient and compliant." Federal prosecutors say this is one of three AR-15 rifles with defaced serial numbers seized from Combs' residences in March. They have yet to file a response to Combs' bail appeal.
Persons: Sean Combs isn't, , Sean, Diddy, Combs, Here's what's, Emily Anne Johnson, Johnson, Arun Subramanian, Marc Agnifilo, Agnifilo, Cassandra, Cassie, Ventura, preemptively Organizations: Service, Manhattan, US, Office, Southern District of New York, Southern District of New York Prosecutors, Bad Boy Records, Combs, Prosecutors, of Homeland Security, TMZ, Intercontinental, CNN Locations: Brooklyn, Manhattan, Miami ., Southern District, Los, Florida, Miami, LA
Sean "Diddy" Combs' "white parties" were known for extravagance and celebrity attendance. Aside from naked women, Fonseca told BI that she never saw anything that raised red flags at Combs' parties that she attended. Sean "Diddy" Combs' white parties are being looked at from a new perspective after the music mogul was indicted last month. The celebrities have been photographed at Combs' white parties over the years but have not been accused of wrongdoing. At one white party, Combs issued a warning to guests from atop his balcony about children needing to leave the event.
Persons: Sean, Diddy, Combs, , galore, Selma Fonseca, Fonseca, Dimitrios Kambouris, Bad Boy Entertainment Combs, she'd, David Allen, Allen, Ashton Kutcher, That's, Jason Merritt, Blueflame Combs, photog, Selma, Steven A, Henry, Busta, Leonardo DiCaprio, Russell Simmons, Tyson Beckford, Tommy Lee, Mariah Carey, Lindsay Lohan, Lil, Kim, Mary J, Blige, Russell Brand, Chris Brown, Beckford, Fonseca didn't, Fonseca —, Jennifer Lopez, Conan O'Brien's, O'Brien Organizations: Service, Bad Boy Entertainment, Adria, Hamptons, East Hamptons, Business, Beverly, Getty, BI Locations: East Hampton , New York, Beverly Hills, Manhattan, Champagne
Five bays equipped with self-serve kiosks provide entry and exit to the building's automated parking garage. Automated parking is a growing trend in high-end real estate where buildings from New York to Miami now come equipped with kiosks, car lifts and car-parking robots. One of five car lifts inside the automated parking system. The AGVs are essentially free roaming, self-charging, robo-parkers that use vision systems, lifts and lasers to precisely park and retrieve cars. An AGV prepares to park a Ferrari inside the Brickell House's automated parking system.
Persons: Ginger Monteleone, Monteleone, ParkPlus, Peter Manis, Manis, Billionaire Palmer Luckey, Luckey, Palmer Organizations: Brickell House, CNBC, Grand View Research, ParkPlus, Brickell, Ferrari, VR, Anduril Industries, Anduril Industries CNBC Locations: Miami, New York, Manhattan, North America, Brickell, ParkPlus Florida, Newport Beach , California
Uber launched an $18 shuttle service from Midtown Manhattan to LaGuardia Airport. I tried the service to and from the airport and have already reserved my next ride for Thanksgiving. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Last week, Uber announced the launch of a new $18 shuttle service from three Manhattan locations to LaGuardia Airport and back starting October 8. To test the new service, I took a shuttle from Penn Station to LaGuardia's Terminal C and returned from the airport to Port Authority.
Persons: Uber, , who've, Camiel Irving, Uber's Organizations: LaGuardia Airport, Service, Port Authority of New, Future Market, Wall, Penn Station, Port Authority Locations: Midtown Manhattan, New York City, LaGuardia, Manhattan, Port Authority of New York, New Jersey, Queens, Canada, Port
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021. The retail drugstore chain also said it plans to close roughly 1,200 stores over the next three years, which includes 500 in fiscal 2025 alone. The company said those closures will be "immediately accretive" to its adjusted earnings and free cash flow. In June, Walgreens said it intends to close a "significant" number of its underperforming stores by 2027. Walgreens anticipates adjusted earnings per share of $1.40 to $1.80 in the coming fiscal year.
Persons: Tim Wentworth Organizations: Walgreens, Walgreens Boots Alliance, LSEG, Wall Street Locations: Manhattan , New York City, U.S
Lawyers for Trump on Monday night again sought to move his hush-money case to federal court. An appellate brief reprises arguments from two failed attempts to move the case out of state court. AdvertisementLawyers for former President Donald Trump have filed a 99-page appellate brief seeking again to transfer his hush-money case to federal court. Trump's first attempt at what is called "removal" to federal court was made in May during his Manhattan trial. On Monday, Trump attorneys Todd Blanche and Emil Bove reprised their May and August arguments in appealing Hellerstein's decision, calling the hush-money case "an unprecedented and baseless prosecution."
Persons: , Donald Trump, Trump's, Trump, Alvin K, Hellerstein, tersely, Todd Blanche, Emil Bove, Stormy Daniels, Read Organizations: Trump, Service, Hellerstein, Trump Organization Locations: Manhattan, New
Al Pacino wrote in his new memoir that he thought "The Godfather" would be "the worst picture ever made." Advertisement"The Godfather" is one of the most iconic movies of all time, but Al Pacino said that he thought it would be "the worst picture ever made." But he was the one responsible for me being in the film," Pacino wrote, referring to Coppola's decision to cast him to play the lead character, Michael Corleone. "The Godfather" was nominated for 11 Oscars, including best supporting actor for Pacino and best director for Coppola. The film won three for: best writing for Coppola and co-author Mario Puzo, best picture, and a best actor for Marlon Brando.
Persons: Al Pacino, Pacino, , Sonny Boy, Diane Keaton, Diane, Kay Adams, Michael Corleone, PublicityArchive, Quentin Tarantino, Martin Scorses, Francis Ford Coppola, Coppola, Francis wasn't, Rocco Spaziani, Archivio Spaziani, Francis, Michael, Sollozzo, McCluskey, Mario Puzo, Marlon Brando Organizations: Service, United, Getty, Paramount, Mondadori Locations: Manhattan, Hollywood, Italian
One alleges Combs orally raped a worker for rival brand Ecko at the Macy's flagship store in 2008. The suit alleges Macy's covered up the attack due to a multimillion-dollar deal with Sean John. AdvertisementMacy's covered up a violent 2008 sexual attack by Sean "Diddy" Combs at its flagship Herald Square, Manhattan store to protect a "multi-million-dollar" deal with Combs' clothing brand, Sean John, a new lawsuit alleges. AdvertisementThe plaintiff said he worked for Ecko, a rival clothing company to Combs' Sean John brand that was also carried by Macy's. AdvertisementThe Sean John brand, founded in 1998, appears now to be defunct.
Persons: Combs, Macy's, Sean John, , Sean, Diddy, John Doe, Sean Combs, Cassie Ventura, Terry Lundgren, Ilya S, Sean John Clothing, Ecko, Lundgren, WWD Organizations: Service, Herald, Ecko, Business, Curis, Macy's Locations: Manhattan, Ohio, Texas
Sean “Diddy” Combs is facing a series of new civil lawsuits filed in federal court Monday. The incidents alleged in the complaints span from 1995 to 2021 and include allegations of sexual assault and rape. The lawsuits, filed Monday, name Combs and his various businesses as defendants and the accusers are seeking unspecified damages. In a filing ahead of last week’s hearing, attorneys for Combs filed a bail appeal in New York’s federal appeals court. In a statement at the time of the settlement, Combs denied all of the allegations.
Persons: Sean “ Diddy ” Combs, Tony Buzbee —, Combs, Buzbee, “ We’re, ” Buzbee, , Sean Combs, , Cassandra, Cassie ” Venture, Ventura, Dawn Richard, Danity Kane Organizations: NBC News, of, NBC, of New, Metropolitan Detention, CNN, Ventura Locations: Southern, of New York, Manhattan, Texas, York, Brooklyn, New York, New, Los Angeles
A pro-Palestinian protest erupted outside of the New York Stock Exchange on Monday. There was no disruption to trading and none of the protestors appeared to make it to the historic trading floor. NYSE security fences off a perimeter area outside of the exterior of the building on Broad street in lower Manhattan. According to video shared on social media, the group, called Jewish Voice for Peace, broke into that area and protestors were chaining themselves to the security fence and some exterior doors. The exchange has had heavy security in place since the 9/11 attacks on the World Trade Center buildings nearby.
Persons: , Bob Pisani Organizations: New York Stock Exchange, Peace, NYSE, World Trade Center Locations: Manhattan, Israel, Gaza
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . An alcoholic, I thought, if I thought about it at all, was a man lying drunk in the street. I could see myself in everything I read about alcoholism, and I could see the road ahead if I did not stop drinking. AdvertisementI loved that meeting, and I thought I would go home and have a drink and think about it. Being sober has been the key to every day of every year since that first momentous AA meeting.
Persons: Cornelia Maude Spelman, , I'd, Mother, she'd, hadn't, Cornelia Organizations: Service, Anonymous, AA Locations: Manhattan, New Hampshire, Vermont
Sean "Diddy" Combs has been accused of sexual assault in new lawsuits. Combs already faces a dozen lawsuits, as well as federal sex trafficking charges. AdvertisementSean "Diddy" Combs has been accused of rape, molesting a teenage boy, and sexual assault in six new lawsuits filed against the embattled hip-hop music mogul. The rapper and entrepreneur has vehemently denied the charges and any claims accusing him of sexual assault or misconduct. Following Ventura's lawsuit, other women came forward, accusing Combs in additional lawsuits of a slew of actions, including drugging and rape.
Persons: Sean, Diddy, Combs, , Tony Buzbee, Buzbee, Cassandra Ventura, Prosecutors, Sam Bankman, who's, didn't Organizations: Service, Department of Homeland Security, Business Locations: Manhattan, . Texas, California, Los Angeles, Miami, Brooklyn
Almost half of young women have at least a bachelor’s degree compared to 37% of young men. That compares to 2008, when Barack Obama won the votes of 66% of young men. One of the biggest financial pressure points for young men has been higher rents, which are up around 20% since 2020. Young men are more likely to be financially dependent on their parents compared to young women, with 74% of women describing themselves as mostly financially independent compared to 62% of young men, according to a Pew survey. I think Trump will do better with young men than among young women — the gap will be pretty significant in terms of voter support — but I don’t think Trump’s going to win an overwhelming majority.
Persons: David Tasker, he’s, Donald Trump, “ Trump, Kamala, ” Tasker, ” Young, Tasker, it’s, , Dan Cox, Andrew Caballero, Reynolds, Richard Reeves, Reeves, , Young, Kamala Harris, Harris, Barack Obama, Trump, Joe Biden, He’s, Melissa Deckman, Gen Z, they’re, Hulk Hogan, Chip Somodevilla, Hogan, Obama, “ I’m, I’ve, ” Obama, Spencer Platt, Biden, ” Reeves, Derek, You’ve, Sam Lilly, Lilly, “ I’ve, Emily Elconin, “ It’s, Cox Organizations: America, Democratic, Survey Center, American Enterprise Institute, Pew Research Institute, Renwick, Washington , D.C, AFP, Getty, American Institute for Boys, Democratic Party, Harvard Institute of Politics, Republican National Convention, Trump, Bank of America, Intuit Credit Karma, NBC, Bloomberg Locations: Pennsylvania, America, Washington ,, Milwaukee, Pittsburgh, Manhattan, Wisconsin, Royal Oak, Mich
Trump’s campaign also expects to draw huge, raucous crowds, and command outsized media attention – which would pay dividends across the political map. It’s the same reason Trump’s campaign has had the former president sit down with popular YouTube streamers and podcasters. Harris’ campaign has employed a similar strategy in recent weeks, targeting specific groups of voters with her appearances on podcasts and other interviews. Coachella rallyTrump’s rally Saturday at the Calhoun Ranch in the Coachella Valley drew criticism from a number of local officials. Still, the main strategic purpose of those trips is to hit Democrats on issues Trump’s campaign sees as its strongest, including crime and border security.
Persons: Donald Trump’s, Kamala Harris, Trump, Harris, John Kobylt, sideshows, ” Trump, Kobylt, Trump’s, Harris ’, Steven Cheung, , , , Adin Ross, Steven Hernandez, ” Hernandez, “ Trump, , he’ll, Jared Polis, ” Colorado Sen, Michael Bennet, CNN’s Jake Tapper, ” Bennet Organizations: CNN, Trump, Republicans, Republican, Democratic, Coachella, Bloomberg News, Economic, of Chicago, New York –, Madison, Garden, State, AK Locations: Coachella, York’s, California, Southern California, New York, Detroit, Madison, Aurora , Colorado, Chicago , New York, Illinois, Bronx, Long, Manhattan, Aurora, Colorado, American
Harvey Weinstein’s attorneys have submitted a filing opposing a move by prosecutors to combine two sexual crimes cases against the disgraced film mogul. Manhattan prosecutors have sought to consolidate new charges with ones previously brought against Weinstein so that they could be tried in court together. But in a court document, a response to the prosecutors' motion to consolidate cases filed Oct. 2, the Oscar-winning producer’s lawyers accused the district attorney’s office of acting improperly and unfairly. Bragg’s office signaled that it would seek to link the two cases together ahead of Weinstein’s retrial. Samson says prosecutors say they won’t be ready in time and want to move the trial to January.
Persons: Harvey, Weinstein, Oscar, , unabashedly —, Jessica Mann, Mimi Haley, Attorney Alvin Bragg, Diana Fabi Samson, Samson, , ” Samson Organizations: Manhattan, Manhattan District, Attorney Locations: Manhattan, New York, New, New York City, Rikers
Trump’s re-election campaign has excoriated the project, calling it “pure malicious defamation” and “garbage,” and sent the producers a cease-and-desist letter. Vanity Fair journalist Gabriel Sherman, who wrote the screenplay, draws a direct line between Cohn’s bare-knuckle tactics and Trump’s modern-day political persona. In one graphic scene, the dramatized Trump character sexually assaults his first wife, Ivana Trump (played by Maria Bakalova), after a bitter argument. In another notable sequence, Trump’s character goes under the knife for scalp reduction surgery and a liposuction procedure. “You might find some of these character questions you have about Trump answered,” Abbasi said.
Persons: Donald Trump, Trump’s, Ali Abbasi, Abbasi, , , McCarthy, Roy Cohn, Trump, Gabriel Sherman, Cohn, Jeremy Strong, Sebastian Stan, ” Abbasi, Sherman, Fred, Ivana Trump, Maria Bakalova, ” Pief, Steven Cheung, doesn’t, ” Cheung, Tom Ortenberg, , ” Ortenberg, Kevin Smith’s, Bill Maher’s “, Oliver Stone’s “, George W, Bush, Briarcliff, Jamal Khashoggi, Ortenberg, It’s Organizations: Cannes Film, Republican, New York, Manhattan, Vanity, NBC, Trump, Hollywood, Briarcliff Entertainment, Catholic League, Washington Post, Saudi, Variety Locations: Hollywood, American, Tehran, Copenhagen, , New York City, Saudi Arabian, Istanbul
But Putin is not the only foreign leader Trump is talking to. And it is hardly unusual for a presidential nominee to begin holding some talks with foreign leaders. After the first attempt to assassinate Trump, in July, foreign leaders quickly moved to offer him their well-wishes. Trump has hosted Netanyahu and his wife, Sara, Hungarian Prime Minister Viktor Orbán, former Japanese Prime Minister Taro Aso and former British Prime Minister David Cameron when he was the U.K.’s foreign secretary. Katulis was referring to the trove of classified documents Trump kept from his time in office that have become the subject of a criminal case, many of them about his communications with foreign leaders.
Persons: WASHINGTON —, Donald Trump, Vladimir Putin —, Trump, , Putin, Xi Jinping, , Russia —, Evan Gershkovich, Biden, Bob Woodward’s, ” Trump, Keir Starmer, Volodymyr Zelenskyy, Saudi Crown Prince Mohammed bin Salman, Benjamin Netanyahu, Melania Trump, King Charles “, Mahmoud Abbas, Andrzej Duda, Duda, Netanyahu, Sara, Viktor Orbán, Taro Aso, David Cameron, Trump’s, Daniel Fried, Bill Clinton, George W, Bush, Barack Obama, I’ve, ” Fried, ” Keith Kellogg, Fried, , ” He's, Brian Katulis, Katulis, ” Said, Woodward, “ Biden, , ’ ” Trump, , Karoline Leavitt, Steven Cheung Organizations: WASHINGTON, White, Trump, Democratic Party, Street Journal, British, Saudi Crown, Israeli, , Republican National Convention, Palestinian, Ukraine, U.S, Republicans, Middle East Institute, Locations: Manhattan, Palm Beach , Florida, Israel, Ukraine, Russia, American, Russian, Iran, New York, Hungarian, U.S, Poland, Clinton, today’s America, North Korea
The survivors have dedicated their lives to trying to rid the world of nuclear weapons. Video Ad Feedback Watch the moment Nihon Hidankyo is awarded 2024 Nobel Peace Prize 01:54 - Source: CNNDan Smith, the director of the Stockholm International Peace Research Institute (SIPRI), told CNN he was “delighted” that the Hibakusha had been awarded this year’s prize. “As the Soviet and US leaders Gorbachev and Reagan said in 1985, nuclear war can never be won and must never be fought. The International Campaign to Abolish Nuclear Weapons won the award in 2017. Last month, Putin said Russia would revise its nuclear doctrine, potentially lowering the bar for Moscow’s use of nuclear weapons.
Persons: Nihon, , ” Nihon, CNN Dan Smith, , Gorbachev, Reagan, ” Smith, Robert Lewis –, Enola Gay, Hiromichi Matsuda, Shigeru Ishiba, Kido, Lev Radin, Nihon Hidankyo, Alfred Nobel’s, Joseph Rotblat –, Jørgen Watne Frydnes, Israel – “, Vladimir Putin, Putin, Henrik Urdal, ” Urdal Organizations: CNN, Stockholm International Peace Research Institute, Soviet, Enola, Nagasaki Atomic Bomb Museum, Nihon, United Nations, UN Headquarters, Pacific Press, 141st, Nuclear Weapons, Science, World Affairs, Manhattan Project, Los Alamos Laboratory, , Peace Research Institute Locations: Japanese, Hiroshima, Nagasaki, Norwegian, Oslo, Stockholm, United States, Laos, Russia, United Kingdom, France, China, India, Pakistan, North Korea, Israel, Ukraine, Russian, Germany, Peace Research Institute Oslo
But former FTX executive Ryan Salame made an unorthodox update to his profile on the site Thursday, as he began a prison sentence following the collapse of the cryptocurrency exchange. Ryan Salame leaves a Manhattan court after pleading guilty to criminal charges in September 2023. In September last year, Salame pleaded guilty to making tens of millions of dollars’ worth of unlawful campaign donations to causes supported by his boss. Prosecutors said Salame, Bankman-Fried and former FTX engineering chief Nishad Singh used FTX customer funds to donate to political candidates supporting crypto-friendly legislation. Salame pleaded guilty to one count of conspiracy to make unlawful political contributions and one count of conspiracy to operate an unlicensed money transmitting business.
Persons: you’ve, Ryan Salame, , , Spencer Platt, Salame, ” Salame, Sam Bankman, Prosecutors, Nishad Singh, ” Damian Williams, FTX, Fried Organizations: CNN, FCI Cumberland, Getty, FTX’s, Republican, United, Southern, of, Reuters, Alameda Research Locations: Manhattan, Maryland, Salame, United States, of New York, Alameda
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