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☆ The 6 wildest details about Sam Bankman-Fried that Michael Lewis revealed in a tell-all interview
▼ + stars: | 2023-10-03 | by ( Grace Kay | ) www.businessinsider.com time to read: +9 min

Michael Lewis gave a peek into details from his new book on Sam Bankman-Fried in a tell-all interview. AdvertisementAdvertisement"The Big Short" author Michael Lewis shared some of the wildest details from his forthcoming book on disgraced FTX cofounder Sam Bankman-Fried during a tell-all interview with "60 Minutes" on Sunday. Tom Brady and Sam Bankman-Fried had an unlikely friendship, according to Michael Lewis. Sam Bankman-Fried, a known "League of Legends" fan, played a video game during his first live TV interview, Michael Lewis said. Sam Bankman-Fried.

Persons: Michael Lewis, Sam Bankman, Lewis, SBF, Tom Brady, Donald Trump, —, Bankman, Sam, Erin Schaff, Insider's Lloyd Lee, Fried, Trump, Brady, Sebastian Widmann, Sam wasn't, FTX, he's, Larry David, Steph Curry's, Steph Curry, Anna Wintour, Matt Winkelmeyer, Vogue's Anna Wintour, Wintour, Spokespeople, David, Curry, Michael M, Bernie Madoff, Elizabeth Holmes, Jim Spellman, WireImage Lewis Organizations: Service, Trump, NFL, Super, Miami, Sequoia Capital, Metropolitan Detention, Prosecutors, Alameda Research, Bankman Locations: New York, Trump, Hollywood, America, Bahamas, Brooklyn

☆ FTX cofounder Gary Wang is set to testify against his childhood friend Sam Bankman-Fried. Here's what we know.
▼ + stars: | 2023-10-03 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

FTX cofounder Gary Wang was a critical player during the rise and fall of SBF's crypto empire . AdvertisementAdvertisementWhen Bankman-Fried cofounded Alameda Research in 2017, Wang reportedly left his role at Google. The tight group of executives reportedly included Wang, Bankman-Fried, Caroline Ellison, who was formerly Alameda's CEO, and Nishad Singh, FTX's former director of engineering. But at FTX, Wang was a somewhat reclusive figure, per reports. "All of the sudden that snapped into he was leaving that day, back to the US and implicitly mostly stopped working," Bankman-Fried told the news outlet.

Persons: Gary Wang, Wang, Sam Bankman, —, Bankman, MIT Wang, Wang's, Cherry Hill, Hector, Fried, Caroline Ellison, Nishad Singh, FTX's, Nishad, Gary, Singh, FTX, Ellison, Damian Williams, Ilan Graff, Sundar Organizations: Service, MIT, Bloomberg, Eastside, Epsilon Theta, Google, Forbes, Alameda Research, Court, District of, Sydney Morning Herald, Street Journal, Southern, of New York, Securities and Exchange Commission Locations: Oregon, Cherry Hill, New Jersey, China, Bahamas, Alameda, District of Delaware, FTX

☆ The rest of 2023 hurricane season in 'uncharted waters' because of El Niño, record ocean temperatures
▼ + stars: | 2023-10-03 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

CNN —Experts fear an already active hurricane season could come to an eventful and exceptional end as unusually warm, storm-boosting ocean temperatures and a slow-to-emerge El Niño combine. The first half of October is typically the final stretch of the busiest time of the Atlantic hurricane season. The battle between warm ocean water and the effect of El Niño has posed a forecasting challenge throughout this hurricane season, as one factor is seemingly negating the other. “Usually as we get into the back half of the hurricane season, El Niño tends to dominate, even if the Atlantic is warm. “Is El Niño at some point going to say, ‘Forget this, I’m in charge?’” Klotzbach said.

Persons: Phil Klotzbach, Hurricane Lee, Brian McNoldy, El Niño, Fischer, Klotzbach, we’ve, ” Michael Fischer, ” Fischer, Idalia, Lee –, El, ” Klotzbach, “, ” Organizations: CNN, Colorado State University, Atlantic, Hurricane, University of Miami Locations: Gulf of Mexico, Bahamas, Caribbean, Florida, Africa, Bermuda, East, El

☆ Sam Bankman-Fried’s trial has started. Here’s what you need to know
▼ + stars: | 2023-10-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —The trial of Sam Bankman-Fried, a onetime crypto billionaire who stands accused of orchestrating a multibillion-dollar fraud, kicked off Tuesday in federal court in Manhattan. Here are the key things to know about the case, and what we might see over the next several weeks at the trial. Prosecutors opted in June to sever five other charges that were brought after Bankman-Fried’s extradition from the Bahamas, where FTX was based. Sam Bankman-Fried leaving the Bahamas on December 21, 2022, being extradited to the US to face charges. He was arrested in December in the Bahamas on charges including fraud and conspiracy and extradited to the United States in January.

Persons: Sam Bankman, Judge Lewis Kaplan, ”, “, ” Kaplan, SFB, SBF, Caroline Ellison, Bernie Madoff, FTX, Tom Brady, Larry David, Fried, Bankman, Ellison, Howard Fischer, Moses Singer, Fischer, Lewis Kaplan, he’s Organizations: New, New York CNN, Prosecutors, Alameda Research, Super, Royal Bahamas Police Force, Investors, Bankman, Coindesk, Alameda, New York Times, Securities and Exchange, Enron, Metropolitan Detention Locations: New York, Manhattan, FTX, Bahamas, Miami, Alameda, United States, Brooklyn

☆ The $8 billion Sam Bankman-Fried criminal trial starts today — here's what's at stake and how we got here
▼ + stars: | 2023-10-03 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

In the first trial, Bankman-Fried faces seven criminal counts related to the collapse of the crypto empire he built, including wire fraud, securities fraud and money laundering. Alameda, FTX and a host of subsidiaries Bankman-Fried founded filed for bankruptcy protection in Delaware. FTX's own terms of use specifically forbade him, or Alameda, from using customer money for anything — unless the customer allowed it. And from FTX's inception, there was a lot of customer money. Bankman-Fried and other executives admitted to each other that "FTX customer funds were irrevocably lost because Alameda had appropriated them."

Persons: Sam Bankman, Fried, Caroline Ellison, Gary Wang, Ellison, FTX, Wang, Judge Lewis Kaplan, Samuel Bankman, MacKenzie Sigalos, San Francisco —, SBF, Wang —, Nishad Singh —, Goldman Sachs, Binance, Damian Williams, Rehypothecation, —, Crypto, Solana, Zhao, he'd, Cromwell, John J, Ray, John Ray's, — CNBC's Rohan Goswami Organizations: Alameda Research, Southern, of, Stanford, MIT, U.S, New York Times, Bankman, That's, CNBC, Jane, Capital, University of California, Formula, Democratic, Twitter, Securities Exchange Commission, SEC, Futures Trading, United States Attorney's Office, CFTC, Alameda, Alameda didn't, Voyager, BlockFi, FTX, Industry, Investors, Zhao, Publicly, Sullivan, Enron Locations: Bahamas, Manhattan, New York, Alameda, of New York, FTX, Brooklyn , New York, San Francisco, South Korea, Alameda , California, Fried's Alameda, Berkeley, Miami, Washington, Delaware, California, Federal, Solana, Fried

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 3 (Reuters) - Former FTX chief operating officer Constance Wang agreed to serve as a witness for U.S. prosecutors in their case against the crypto exchange's founder and former CEO Sam Bankman-Fried, according to Michael Lewis' new book on FTX's collapse. "Going Infinite: The Rise and Fall of a New Tycoon" hit the shelves as Bankman-Fried's criminal trial began in Manhattan on Tuesday. While the U.S. prosecutors have said they plan to call a handful of Bankman-Fried's former inner circle to testify, Wang has not been named among them. Wang joined FTX in 2019 from rival crypto exchange Huobi as its eighth employee, and often accompanied Bankman-Fried to meetings in which Mandarin was spoken, Lewis said. Prosecutors have said they plan to call former Alameda chief executive Caroline Ellison, former FTX technology chief Gary Wang, and former engineering chief Nishad Singh to testify.

Persons: Sam Bankman, Andrew Kelly, Constance Wang, Michael Lewis, FTX, Fried, Wang, Lewis, Caroline Ellison, Gary Wang, Nishad Singh, Hannah Lang, Luc Cohen, Michelle Price, Matthew Lewis Organizations: FTX, Manhattan, REUTERS, Alameda Research, U.S, Prosecutors, Alameda, Thomson Locations: New York City, U.S, Manhattan, Bahamas, Caribbean, Washington, New York

☆ Explainer: What charges does Sam Bankman-Fried face over FTX's collapse?
▼ + stars: | 2023-10-03 | 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: +3 min

Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsNEW YORK, Oct 3 (Reuters) - Sam Bankman-Fried is set to go on trial on Tuesday on fraud and conspiracy charges related to the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded and led. He faces one count of wire fraud, two counts of conspiracy to commit fraud, and one count of money laundering conspiracy over the alleged theft of customer funds. Bankman-Fried faces one wire fraud count and two conspiracy counts over the alleged misrepresentations to investors and lenders. Reporting by Luc Cohen in New York; Editing by Noeleen Walder and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Fried, Amr Alfiky, Caroline Ellison, Ellison, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: United, REUTERS, Alameda Research, Alameda, Prosecutors, Thomson Locations: New York City, U.S, FTX, Bahamas, Alameda, New York

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins today. Here's everything you need to know.
▼ + stars: | 2023-10-03 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court today. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

Persons: Sam Bankman, SBF, —, FTX, Fried, Tom Brady, Gisele Bündchen, Stephen Curry, Naomi Osaka, Larry David, Kevin O'Leary, Caroline Ellison, He's, Michael Lewis, guarantors, Lewis Kaplan, Jane Rosenberg, Kaplan, Bankman, Ellison, messaged, Eduardo Munoz, Mark S, Cohen, Christian Everdell, Ghislaine Maxwell, Maxwell, They're, Danielle Sassoon, Nicholas Roos, who's, Joe Lewis, Jean Carroll, Donald Trump, Trump, Bill Clinton, Gambino, Prince Andrew, Mary Altaffer, SBF's, Joseph Bankman, Barbara Fried, Gary Wang —, Nishad Singh, Ryan Salame, Cohen wearily, there's Organizations: Prosecutors, Service, Alameda Research, Miami Heat's, The New York Times, Metropolitan Detention, US, Office, Southern, Bankman, Manhattan Federal Court, REUTERS, Washington , D.C, Supreme, AP, Securities, Exchange Commission, Stanford University Locations: FTX, Manhattan, America, Palo Alto , California, New York, Bahamas, Washington ,, Joaquín, Bankman, Guantanamo, Alameda

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsOct 3 (Reuters) - Sam Bankman-Fried's fraud trial, which is set to kick off on Tuesday, marks the culmination of a yearlong legal saga stemming from the dramatic collapse of the FTX cryptocurrency exchange he founded. Below is a timeline of key events leading up to the 31-year-old former billionaire's trial. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.

Persons: Sam Bankman, Eduardo Munoz, Gary Wang, Larry David, Fried, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins this week. Here's everything you need to know.
▼ + stars: | 2023-10-02 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court on Tuesday. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

CNN —The United Nations Security Council has greenlit the deployment of an armed multinational force to Haiti, as the Caribbean nation wrestles with rampant gang violence and political paralysis. United Nations Secretary General Antonio Guterres and the United States have also strongly urged the international community to back such a mission. Though approved by the powerful UN Security Council, the force would not formally be under UN control. Addressing the United Nations General Assembly in New York on Sept. 22, Prime Minister Henry told fellow nations that it was “urgent” that the Security Council approve a military mission to reestablish order. The Security Council has found itself in repeated deadlock in recent years amid deepening geopolitical rivalries.

Persons: Ariel Henry, General Antonio Guterres, Henry, Jean, Junior Joseph, –, Antony Blinken, Washington, Linda Thomas, Greenfield, Zhang Jun, Vassily Nebenzia, Jovenel Moise, Maria Isabel Salvador, ” Organizations: CNN, United Nations Security Council, Haitian, United Nations, UN Security Council, UN, Haitian National Police, United Nations General Assembly, Security Locations: Haiti, Caribbean, United States, Russia, China, Kenya, Antigua, Barbuda, Bahamas, Jamaica, Port, New York, UN

☆ UN authorizes Haiti security mission to fight gangs
▼ + stars: | 2023-10-02 | by ( Michelle Nichols | ) www.reuters.com time to read: +4 min

UNITED NATIONS, Oct 2 (Reuters) - The United Nations Security Council on Monday authorized a foreign security mission to Haiti, a year after the Caribbean country asked for help to fight violent gangs that have largely overrun its capital Port-au-Prince. The Security Council also expanded a U.N. arms embargo to include all gangs - a measure China wanted. The response to Haiti's request for help was delayed due to a struggle to find a country willing to lead a security assistance mission. The Security Council stressed an "urgent need" for Haiti to make progress toward "transparent, inclusive, and credible electoral processes and free and fair elections." The security assistance mission, while approved by the U.N. Security Council, is not a United Nations operation.

Persons: Jean Victor Geneus, Jeffrey DeLaurentis, Zhang Jun, Linda Thomas, Greenfield, Ariel Henry, Jean, Bertrand Aristide, Michelle Nichols, Sarah Morland, Cynthia Osterman Organizations: UNITED NATIONS, United Nations Security, Security, U.S, Security Council, . Security, United, Peacekeeping, Monday, Thomson Locations: Haiti, Caribbean, Port, United States, Ecuador, China, Russia, U.S, Kenya, Bahamas, Jamaica, Antigua, Barbuda, United Nations

☆ Sam Bankman-Fried would readily choose a Brooklyn jail cell with internet access over a $39 million Bahamas penthouse that doesn't have Wi-Fi, author of FTX book says
▼ + stars: | 2023-10-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

For Sam Bankman-Fried, losing internet access is more frightening than jail, says Michael Lewis. Lewis told "60 Minutes" he thinks Bankman-Fried "could survive jail forever" if he had internet access. AdvertisementAdvertisementDisgraced FTX founder Sam Bankman-Fried is more afraid of losing access to the internet than getting locked up, according to the author of an upcoming book on FTX. Michael Lewis shared his views on Bankman-Fried during an interview on "60 Minutes," which aired on Sunday. Lewis told "60 Minutes" that Bankman-Fried's greatest fear about going to prison would be losing his internet access.

Persons: Sam Bankman, Michael Lewis, Lewis, —, Fried Organizations: Service, Metropolitan Detention, Bankman Locations: FTX, Bahamas, Brooklyn, Alameda

Evan Luthra, an app developer, entrepreneur and angel investor, told CNBC he lost $2 million dollars in the collapse of FTX. Jake Thacker, an FTX customer in Portland, Oregon, told CNBC he lost hundreds of thousands of dollars shortly after losing his job in the tech industry. "I was like, oh my goodness, there's all these big name people utilizing FTX," Kannegundla said. Bhagamshi Kannegundla, an FTX customer, told CNBC he sold his bankruptcy claim to reinvest in crypto. Years later, if the FTX bankruptcy process recovers more than the 11 cents on the dollar for his claim, the buyer pockets the difference.

Persons: FTX's, hasn't, Evan Luthra, Luthra, FTX, Bitcoin, everybody's, Sam Bankman, He's, Fatih Aktas, Jake Thacker, Thacker, I'm, CNBC Thacker, Bhagamshi Kannegundla, Larry David, Kannegundla, Bhagamshi, Sunil Kavuri, Kavuri, Brett Harrison, Harrison, he's, Anthony Scaramucci, didn't Organizations: CNBC, Manhattan Federal, Anadolu Agency, Getty, Sequoia, Nurphoto, FTX's, FTX, Financial Technologies, Skybridge Locations: Miami, Manhattan, New York, United States, Portland , Oregon, FTX's, Bahamas, U.S, cryptocurrencies

☆ UN Authorizes Haiti Security Mission to Fight Gangs
▼ + stars: | 2023-10-02 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

By Michelle NicholsUNITED NATIONS (Reuters) - The United Nations Security Council on Monday authorized a foreign security mission to Haiti, a year after the Caribbean country asked for help to fight violent gangs that have largely overrun its capital Port-au-Prince. The council adopted a resolution, drafted by the U.S. and Ecuador, that authorizes the so-called Multinational Security Support mission "to take all necessary measures" - code for use of force. The response to Haiti's request for help was delayed due to a struggle to find a country willing to lead a security assistance mission. The security assistance mission, while approved by the U.N. Security Council, is not a United Nations operation. The council resolution adopted on Monday asks the countries taking part in the security mission "to adopt appropriate wastewater management and other environmental controls to guard against the introduction and spread of water-borne diseases."

Persons: Michelle Nichols UNITED, Antonio Guterres, Guterres, Antony Blinken, Ariel Henry, Jean, Bertrand Aristide, Michelle Nichols, Sarah Morland, Cynthia Osterman Organizations: Michelle Nichols UNITED NATIONS, Reuters, United Nations Security, U.S, Diplomats, Security Council, . Security, United, Peacekeeping, Monday Locations: Haiti, Caribbean, Port, United States, Ecuador, China, Russia, Kenya, Bahamas, Jamaica, Antigua, Barbuda, Americas, United Nations

☆ Sam Bankman-Fried met with the prime minister of the Bahamas to discuss paying off the country's entire roughly $10 billion national debt, biography says
▼ + stars: | 2023-10-02 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

So he met with its prime minister to discuss paying off its whole national debt, per Michael Lewis' biography. AdvertisementAdvertisementSam Bankman-Fried once discussed paying off the Bahamas' entire national debt with the country's prime minister, according to an excerpt of Michael Lewis' upcoming biography shared by The Times of London. So Bankman-Fried started considering the idea of paying off the Bahamas' national debt himself, so the country could fix roads and build schools more easily, according to Lewis. That idea was also discussed in a meeting with the prime minister of the Bahamas, Philip Davis, the biography says. The Office of the Prime Minister of the Bahamas did not immediately respond to Insider's request for comment, sent outside normal working hours.

Persons: FTX, SBF, Michael Lewis, —, Sam Bankman, Fried, Lewis —, Lewis, Philip Davis, Davis, Donald Trump Organizations: Service, The Times, CBS, International Monetary Fund Locations: Hong Kong, Bahamas, Caribbean, London, —, Nassau

Associated Press (AP) — The U.N. Security Council voted Monday to send a multinational force to Haiti led by Kenya to help combat violent gangs in the troubled Caribbean country. The resolution authorizes the force to deploy for one year, with a review after nine months. It would mark the first time a force is deployed to Haiti since a U.N.-approved mission nearly 20 years ago. A U.N.-approved stabilization mission to Haiti that started in June 2004 was marred by a sexual abuse scandal and the introduction of cholera. Top Kenyan officials visited Haiti in August as part of a reconnaissance mission as the U.S. worked on a draft of the resolution.

Persons: Antony Blinken, Alfred Mutua, Jan, Joe Biden, Monday's, Ariel Henry Organizations: Press, . Security, Foreign Affairs, BBC, U.S, Kenyan, Haitian Locations: Haiti, Kenya, U.S, Jamaica, Bahamas, Antigua, Barbuda, Africa

☆ UN approves Haiti security mission to fight gangs
▼ + stars: | 2023-10-02 | by ( Michelle Nichols | ) www.reuters.com time to read: +4 min

UNITED NATIONS, Oct 3 (Reuters) - The United Nations Security Council on Monday authorized a foreign security mission to Haiti, a year after the Caribbean country asked for help to fight violent gangs that have largely overrun its capital Port-au-Prince. The Security Council also expanded a U.N. arms embargo to include all gangs - a measure China wanted. The response to Haiti's request for help was delayed due to a struggle to find a country willing to lead a security assistance mission. The Security Council stressed an "urgent need" for Haiti to make progress toward "transparent, inclusive, and credible electoral processes and free and fair elections." The security assistance mission, while approved by the U.N. Security Council, is not a United Nations operation.

Persons: Jean Victor Geneus, Jeffrey DeLaurentis, Zhang Jun, Alfred Mutua, William Ruto, Ruto, Ariel Henry, Linda Thomas, Greenfield, Jean, Bertrand Aristide, Michelle Nichols, Sarah Morland, George Obulutsa, Cynthia Osterman, Andrew Heavens, Alison Williams Organizations: UNITED NATIONS, United Nations Security, Security, Foreign Affairs, Kenyan, U.S, Security Council, . Security, United, Peacekeeping, Monday, Thomson Locations: Haiti, Caribbean, Port, United States, Ecuador, China, Russia, U.S, Kenya, Bahamas, Jamaica, Antigua, Barbuda, East, United Nations, Caracas, Nairobi

☆ FTX spent $1 million removing one doorway and adding another after a dispute over feng shui, biography says
▼ + stars: | 2023-10-02 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

FTX hired two architects to design its multi-million dollar Bahamas HQ, per an upcoming biography. That unveiled one anecdote where FTX spent $1 million to settle an argument over a door in its former office. AdvertisementAdvertisementFTX spent $1 million removing one doorway and adding another when it was headquartered in Hong Kong, according to an excerpt from Michael Lewis' upcoming biography shared by The Times of London. AdvertisementAdvertisement"We were supposed to design a mini-city," Rosenfield told the biographer. In the end, the doorway was removed and another one was added instead, which cost $1 million, according to Lewis' biography.

Persons: FTX, —, Michael Lewis, Lewis, Ian Rosenfield, White, Rosenfield, I've Organizations: Bahamas, Service, The Times, Fortune Locations: Hong Kong, London, Bahamas, Asia

NEW YORK (AP) — For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan. The trial of Bankman-Fried, the founder of the failed cryptocurrency brokerage FTX, will begin Tuesday with jury selection. Political Cartoons View All 1190 ImagesThe 31-year-old Bankman-Fried founded FTX in 2019, and it grew rapidly. Bankman-Fried is expected come face-to-face with his former lieutenants at FTX for the first time since its collapse. She has previously said in a statement through her lawyers that she knew funneling FTX customers' money into Alameda was wrong.

Persons: Sam Bankman, Fried, Bernie Madoff, ”, Michael Zweiback, Zweiback, Zalduendo, FTX, SBF ”, J.P, Morgan, Tiger Woods, Justin Timberlake, Bankman, John Ray III, Caroline Ellison, Gary Wang, Ryan Salame, Salame, Ellison, funneling, Christine Adams, Adams, Andrew Ross Sorkin, Judge Lewis A, Kaplan, Changpeng Zhao, Larry Neumeister Organizations: Southern, of, Republicans, “ Prosecutors, Zalduendo LLP, Stanford University, Alameda Research, Alameda, Enron, FTX, Bankman, Prosecutors, The New York Times, NFTs, Securities and Exchange Commission, Binance, SEC Locations: Morgan, of New York, Washington, cryptocurrencies, Silicon Valley, FTX, The Bahamas, Albany, Alameda, Bahamas, New York, Palo Alto , California

☆ Sam Bankman-Fried’s fraud trial is about to start. Here’s what you need to know
▼ + stars: | 2023-10-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

This week, he will stand trial in what federal prosecutors have called one of the biggest frauds in US history. The 31-year-old Bankman-Fried, known as SBF, has pleaded not guilty to seven counts of fraud and conspiracy in connection with the collapse of FTX, his crypto-trading platform. Here are the key things to know about the case, and what we might see over the next several weeks at the trial. SBF faces seven counts, including wire fraud and securities fraud. FTX founder Sam Bankman-Fried was a crypto celebrity until November last year, when his business empire collapsed.

Persons: Sam Bankman, Fried, SBF, FTX, Tom Brady, Larry David, Amr Alfiky, Bankman, Caroline Ellison, Ellison, “, ”, Howard Fischer, Moses Singer, Fischer, Lewis Kaplan, he’s Organizations: New, New York CNN, Prosecutors, Alameda Research, Super, Reuters, Investors, Bankman, Coindesk, Alameda, New York Times, Securities and Exchange, Enron, Metropolitan Detention Locations: New York, Bahamas, FTX, Miami, Alameda, United States, Manhattan, Brooklyn

☆ UN vote on foreign police mission to Haiti set for Monday
▼ + stars: | 2023-10-01 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

UNITED NATIONS, Oct 1 (Reuters) - The United Nations Security Council is set to vote on Monday to approve the deployment of foreign police to Haiti and authorize the use of force to help the Caribbean country fight violent gangs that have largely overrun the capital Port-au-Prince. China wanted the resolution to state that Haiti had to notify the Security Council of the countries taking part in the mission before U.N. authorization would take effect. A Security Council resolution needs nine votes in favor and no vetoes to be adopted. The response to Haiti's request for help was delayed due to a struggle to find a country willing to lead a security assistance mission. The security assistance mission, while approved by the U.N. Security Council, would not be a United Nations operation.

Persons: Antonio Guterres, Guterres, Ariel Henry, Jean, Bertrand Aristide, Michelle Nichols, Sarah Morland, Richard Chang Organizations: UNITED NATIONS, United Nations Security, Reuters, Diplomats, . Security, United, Peacekeeping, Thomson Locations: Haiti, Caribbean, U.S, China, United States, Russia, France, Britain, Kenya, Bahamas, Jamaica, Antigua, Barbuda, Americas, United Nations

☆ Sam Bankman-Fried took 21 private jet trips to and from Washington, and chartered Cessnas to transport Amazon packages to FTX HQ, sources say
▼ + stars: | 2023-09-30 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

FTX spent $15 million on flights and plane upgrades with a charter airline, a court filing said. Bankman-Fried made 21 trips to or from Washington, DC, on a Learjet 60, a person with direct knowledge told Insider. AdvertisementAdvertisementSam Bankman-Fried and FTX frequently chartered private jets from a Bahamian company called Trans Island Airways (TIA), three people familiar with the matter told Insider. They added that each trip cost between $20,000 and $30,000, which means the Learjet flights alone could cost more than $1 million. AdvertisementAdvertisementProsecutors allege that Bankman-Fried orchestrated a scheme that involved funneling $100 million of FTX funds through executives to politicians .

Persons: FTX, Fried, —, Sam Bankman, Joe Bankman, Jerome Powell, Martin, Ryan Salame, Bankman, Michael Lewis, Lewis, Sam, Ryan, Sam's Organizations: Service, Trans Island Airways, TIA, Amazon, Bombardier Global, Embraer ERJ, Trans, Airways, Prosecutors, Capitol, Yorker, New York Times, Federal, Learjet, Bankman, TIA's, Cessna, Fort, Fort Lauderdale Executive Airport, Twitter Locations: Washington, DC, Florida, Bahamas, Caribbean, New York, Chicago, Fort Lauderdale

PITTSBURGH (AP) — The Miami Marlins' improbable September push will carry into October. Puk (7-5) and seven other relievers kept the Pirates in check, rendering any scoreboard-watching pointless. Miami began the day with its magic number whittled to one following another late comeback victory on Friday night. Miami used a 17-9 September surge to vault over San Francisco, Chicago and surprising Cincinnati in the standings. It's unclear whether the Marlins will have to return to New York on Monday to finish a suspended game against the New York Mets.

Persons: Jazz Chisholm, Josh Bell, Tanner Scott, “, Skip Schumaker's, Marlins —, Chisholm, Little, Jon Berti, Quinn Priester, Garrett Hampson bunted, Nick Gonzalez, Jacob Stallings, Berti, Liover Pegeuro's, Jorge Soler, Bell —, Miami —, Soler, Endy Rodriguez, Jared Triolo, Ke'Bryan Hayes, Bryan Reynolds, Priester, Luis Arraez, ___ Organizations: PITTSBURGH, The Miami Marlins, Marlins, Pittsburgh Pirates, Miami, National League, Pirates, Marlins ”, New York Mets, San Diego Padres, San, MLB Locations: Bahamas, Miami, San Francisco, Chicago, Washington, San Diego, Cleveland, New York

☆ The 9 locations around the world where sharks attack most, from Florida to Western Australia
▼ + stars: | 2023-09-29 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +7 min

The risk of being bitten by a shark is low, and deaths from a shark attack are rare. Insider has taken a look at the locations where the most shark attacks occur across the globe. Insider has taken a look at some of the major shark attack hot spots around the world, from Australia to the Bahamas. The ISAF says that the US tops the charts for "confirmed unprovoked" shark attacks since 1580, with a recorded 1,604 incidents. Peter Unger/Getty ImagesA woman was killed in a second fatal shark attack in the area of Plettenberg Bay in 2022.

Persons: —, Walt Harden, Mark Sumersett, I've, Simon Nellist, Peter Unger, Kimon Bisogno, Sara Andreotti, Pawel Toczynski, Kim Mahbouli, Alexis Rosenfeld, Katarina Zarutskie Organizations: Service, Sunshine State, Florida, ISAF, Australia Australia, New, CNN, Getty, South, Palmetto State, Hilton Head Hospital, Hilton Head Island Government, New York Times, South Africa's Stellenbosch University, CBS News, Smithsonian Magazine, Daily Star, BBC Locations: Florida, Australia, Bahamas, Florida Florida, Smyrna Beach , Florida, Volusia County, ISAF, New Smyrna, New South Wales, Western Australia, Victoria, Little Bay, Sydney, Hawaii, Pacific, South Carolina, Sea Pines, Hilton, Carolina, North Carolina, South Africa, California, Africa, Plettenberg Bay, Plettenberg, France, London, Brazil Brazil, Brazil, Caribbean, American

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