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☆ For days Sam Bankman-Fried, the MIT grad who founded FTX, repeatedly told a jury he couldn't remember actions from his time as CEO
▼ + stars: | 2023-10-31 | by ( Katie Balevic | ) www.businessinsider.com time to read: +9 min

It was during those hours of questioning that Bankman-Fried repeatedly said he couldn't recall specific details from his time as CEO of FTX, his now-defunct cryptocurrency exchange. Asked whether his support for regulation in the crypto industry was contingent upon protecting customers, Bankman-Fried testified Monday: "I don't recall that specifically, no." He similarly struggled to recall whether he ever mentioned to the public that while trading on FTX, Alameda didn't play by the same rules as other customers. AdvertisementAdvertisementBankman-Fried's instructions as CEO were just 'suggestions'Chelsea Jia Feng/InsiderBankman-Fried insisted on the stand that he didn't recall making various instructions to his employees, especially those like Ellison, Gary Wang, and Nishad Singh. Asked if he instructed Ellison to purchase cryptocurrencies in her capacity as co-CEO of Alameda, Bankman-Fried was vague, saying, "I don't recall an instance.

Persons: Sam Bankman, Lewis Kaplan, —, Fried, Danielle Sassoon, FTX, SBF, FTX's, Judge Lewis Kaplan, Caroline Ellison, Eduardo Munoz Alvarez, Sam Trabucco, beholden, Sassoon, Chelsea Jia Feng, Ellison, Gary Wang, Nishad Singh, I'm, Jane Rosenberg, Gary, Nishad, Ryan Salame, it's, Mark Cohen, Judge Kaplan Organizations: Service, Alameda Research, Alameda, REUTERS Locations: Bankman, Manhattan, Alameda, FTX

☆ Mitch McConnell warns GOP senators they’ll face ‘incoming’ if they back Hawley bill to limit corporate giving in campaigns
▼ + stars: | 2023-10-31 | by ( Manu Raju | ) edition.cnn.com time to read: +3 min

According to multiple sources familiar with the Tuesday lunch meeting, McConnell warned GOP senators that they could face “incoming” from the “center-right” if they signed onto Hawley’s bill. On that list of senators: Hawley himself, according to sources familiar with the matter. But there’s also no love lost between McConnell and Hawley, who has long criticized the GOP leader and has repeatedly called for new leadership atop their conference. In an interview, Hawley defended his bill and said that corporate influence should be limited in elections. “I think that’s wrong,” Hawley told CNN.

Persons: Mitch McConnell, Sen, Josh Hawley, McConnell, Hawley, there’s, ”, Chuck Schumer, ” Hawley, “, Chris Christie, Donald Trump, Mike Braun, Kevin Cramer of North, Marsha Blackburn of, Dan Sullivan, Joni Ernst of Iowa, Roger Marshall of Kansas, Susan Collins of, Steve Daines, Thom Tillis, Lindsey Graham of, Katie Britt, Alabama, Lisa Murkowski, Eric Schmitt of Missouri, Ted Budd of, JD Vance, Ohio, Ron Johnson Organizations: CNN, GOP, Kentucky Republican, Fund, McConnell, New, New York Democrat, Missouri Republican, Indiana Locations: New York, Ukraine, Israel, Colorado, Kevin Cramer of North Dakota, Marsha Blackburn of Tennessee, Alaska, Susan Collins of Maine, Montana, North Carolina, Lindsey Graham of South Carolina, Ted Budd of North Carolina, Ron Johnson of Wisconsin

☆ Sam Bankman-Fried said he was alarmed by Alameda's risk taking, but he doesn't show it when he's 'freaked out'
▼ + stars: | 2023-10-28 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

Sam Bankman-Fried testified before the jury on Friday, detailing his version of events. He added that he doesn't show it when he's "freaking out," contrary to testimony by former execs. "I was very surprised and fairly concerned," Bankman-Fried testified. Developers ran the numbers and confirmed them, bringing about a "relieved" demeanor in Ellison, Singh, and Wang, Bankman-Fried testified. Singh testified that Bankman-Fried had tells, including "physical twitches for when he gets angry."

Persons: Sam Bankman, Fried, —, Bankman, Caroline Ellison, Gary Wang, Nishad Singh, Wang, Singh, Ellison, Ellison didn't, Mark Cohen Organizations: Service, Prosecutors, Alameda Research, FTX, Developers, shuttering Locations: Alameda, Manhattan, FTX, shuttering Alameda, Bahamas, Washington ,

☆ Sam Bankman-Fried testifies he regrets not hiring a risk management team at FTX before it collapsed and led to criminal charges against him
▼ + stars: | 2023-10-27 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried was asked on the witness stand if he hired a risk management team for FTX. He lamented the lack of a risk management team at FTX, a common refrain of his as he works to deflect blame from himself in the company's catastrophic collapse. "Did you have a risk management team at FTX?" But no, we didn't," Bankman-Fried replied. Bankman-Fried testified he worked between 12 and 22 hours per day and took off one day per month to keep up with managing the growth.

Persons: Sam Bankman, Fried, —, Jane Street, Mark Cohen, FTX, Lewis Kaplan, who's, Kaplan Organizations: FTX, Prosecutors, Service, Alameda Research, US Locations: Alameda

☆ Sam Bankman-Fried testifies he 'didn't have the time' for haircuts or long-term relationship with Caroline Ellison
▼ + stars: | 2023-10-27 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried addressed his breakup with Caroline Ellison on the witness stand Friday. AdvertisementAdvertisementOn the witness stand in his criminal trial Friday, Sam Bankman-Fried testified he was too busy running companies worth billions of dollars to get deeply involved in women and haircuts. One of their witnesses in the trial is Caroline Ellison, who ran Alameda as a CEO starting in mid-2021. That explanation is consistent with what Ellison herself said on the witness stand in earlier testimony. "I was kind of busy and lazy and didn't get haircuts for long periods of time," Bankman-Fried answered, sheepishly.

Persons: Sam Bankman, Fried, Caroline Ellison, —, Jane, Ellison, Mark Cohen, sheepishly, Cohen Organizations: Service, Alameda Research Locations: Manhattan, Alameda, Bankman

Hundreds of law enforcement officers are scouring southern Maine for the suspect, Robert R. Card Jr., a 40-year-old Army reservist. The first 36 hours of the manhunt underscored the challenges of finding a fugitive in thickly wooded terrain. An outdoorsman who has spent years in the military, Mr. Card knows guns and knows the region. Maine is vast and sparsely populated, with about 1.3 million residents spread across more than 30,000 square miles of forest. The state is dotted with campgrounds that by this time of year are no longer filled with summer tourists.

Persons: gunning, Robert R, Card, Eric Rudolph, Danelo Cavalcante Organizations: Army Locations: Lewiston , Maine, Maine, Atlanta

☆ Judge blasts Sam Bankman-Fried for 'interesting' answers on the witness stand to questions about using FTX customer funds
▼ + stars: | 2023-10-26 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisement"Part of the problem is that the witness has what I'll simply call an interesting way of responding to questions," Kaplan said during the hearing. AdvertisementAdvertisementWhen Sassoon asked Bankman-Fried directly if he discussed spending FTX customer deposits with his lawyers, he took a long pause and looked down before he answered the question. Sassoon, questioning Bankman-Fried on the witness stand, asked Bankman-Fried to be more explicit about why he thought that explanation was acceptable. Asked directly by Sassoon if it was OK to steal customer funds, Bankman-Fried rejected that interpretation of events. Sassoon made that clear on Thursday as Kaplan asked for a broad timeline of the rest of the trial.

Persons: Sam Bankman, Fried, —, Lewis Kaplan, Kaplan, Mark Cohen, Danielle Sassoon, Sassoon, Bankman, Chelsea Jia Feng, I'm, Cohen, grumbled, Barbara Fried, " Cohen Organizations: Service, Alameda Research Locations: Manhattan, FTX, Alameda

Sam Bankman-Fried took the witness stand on Thursday after days of testimony from his inner circle. The FTX cofounder is facing seven charges of fraud over the collapse of the cryptocurrency exchange. AdvertisementAdvertisementSam Bankman-Fried took the witness stand Thursday to testify in his own defense in the criminal trial involving FTX's collapse. After briefly describing the "constant" threat of attempts to hack FTX, Bankman-Fried got into the company's document retention policy, which he said he abided by "to my knowledge." The FTX cofounder is facing seven criminal charges and has pleaded not guilty on all counts.

Persons: Sam Bankman, Fried, —, Judge Lewis Kaplan, Kaplan, Mark Cohen, Gary Wang, Caroline Ellison, Wang, FTX, Ellison, she'd Organizations: Service, FTX, Alameda Research, Alameda Locations: Alameda

Five months later, Albanese will be welcomed to the White House with the highest trappings of American diplomacy, including a black-tie state dinner underneath a tent erected on the South Lawn. Already, the White House had struggled to secure billions of dollars in new funding for Ukraine. When Albanese arrives at the White House Tuesday evening, the US House of Representatives will have been without a permanent House speaker – and legislatively paralyzed – for 21 days. Senior Biden administration officials believe that only weeks remain before a lack of additional funding for Ukraine starts to become a serious battlefield concern. The first lady developed the menu with guests chef Katie Button, a James Beard Award nominee who owns a popular tapas restaurant Cúrate in Asheville, North Carolina; White House executive chef Cris Comerford; and White House executive pastry chef Susie Morrison.

Persons: Joe Biden’s, Anthony Albanese, Albanese, Biden, Cedric Richmond, “, Volodymyr Zelensky, Jake Sullivan, ” Sullivan, –, ’ Biden, ” Biden, it’s, Ukraine –, Michèle Flournoy, Xi Jinping, Wang Yi, Wang, Antony Blinken, Sullivan, Blinken, Xi, Blinken’s, ”, Karine Jean, Pierre, Australia –, They’ll, John Kirby, ” Kirby, Kirby, ” Dr, we’ve, Bryan Rafanelli, Katie Button, James Beard, Cris Comerford, Susie Morrison Organizations: CNN, Australian, ., White, Hamas, Ukraine, Biden, CBS, Defense, APEC, Washington, Publicly, ”, Australia, Wednesday, ’, National Security, Army and Air Force, White House Locations: Pacific, Washington, Gaza, Israel, Asia, Vietnam, China, Ukraine, Tel Aviv, Australia, United States, America, White, San Francisco, Beijing, Saudi Arabia, Riyadh, there’s, United Kingdom, India, Japan, Asheville , North Carolina

☆ 11 of the biggest bombshells from Sam Bankman-Fried's FTX fraud trial
▼ + stars: | 2023-10-25 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

The stress of the scheme left a key executive 'suicidal for days'Nishad Singh testified against his former boss in court. Jane Rosenberg/ReutersNishad Singh, the head engineer at FTX, testified against Bankman-Fried and spoke to the intense pressure of the scheme. As customers began to withdraw their deposits, FTX didn't have enough liquid cash to actually give them their funds. Instead of working together to solve the issue, executives blamed each other, Singh testified. "In response, Sam said something like, 'We were bulletproof last year, but we're not bulletproof this year,'" Yedidia testified.

Persons: Sam Bankman, —, Fried, Caroline Ellison, Gary Wang, Nashad Singh, SBF, Ellison, he'd, Nishad Singh, Jane Rosenberg, Reuters Nishad Singh, Singh, I'd, Wang, FTX's, Bankman, Sam, Adam Yedidia, Yedidia, FTX didn't, FTX, Michael M, Ellison Yedidia, Caroline, Getty, Alameda's, — Ellison, Christian Drappi, Drappi, Alameda — Ellison Organizations: Service, Prosecutors, Alameda Research, Street, Reuters, Bankman, NEW, Manhattan Federal Court, Getty, FTX, MIT, Alameda Locations: Manhattan, Brooklyn, FTX, Bankman, Alameda, United States, Bahamas, New York City, China, Alameda's Hong Kong

Sam Bankman-Fried will take the stand in his criminal trial, his lawyer said. AdvertisementAdvertisementSam Bankman-Fried plans to take the witness stand to testify in his own defense in the criminal fraud trial over FTX's collapse, according to his attorney Mark Cohen. In a hearing in federal court in downtown Manhattan Wednesday, Cohen said he would call three witnesses in Bankman-Fried's defense case, and then Bankman-Fried himself would testify. Prosecutors said they would bring two more witnesses before resting, turning things over to Bankman-Fried's lawyers to make their defense case. Earlier in the trial, Bankman-Fried's attorneys appeared to go back and forth on whether the FTX cofounder would take the stand.

Persons: Sam Bankman, —, Fried, Mark Cohen, Cohen, Prosecutors, Bankman, Caroline Ellison, Ellison, Eric Chaffee, Lewis Kaplan, Kaplan, Richard Painter, George W, Bush, Painter Organizations: Service, Prosecutors, Case Western Reserve University, University of Minnesota, White House Locations: Manhattan, Bankman, FTX

Up to 350 guests had returned RSVPs and claimed seats for the fourth White House state dinner of President Joe Biden's term, this one honoring Australian Prime Minister Anthony Albanese. The B-52s, an American new wave band, had originally been lined up to entertain guests after dinner. He then invited Albanese to Washington for an official state visit. Dinner will be held in a temporary pavilion on the White House lawn decorated in pastel shades meant to evoke the feel of Australian spring, the current season Down Under, and American autumn. The first lady continued her practice of inviting an outside chef to work with White House staff on the menu.

Persons: RSVPs, Joe Biden's, Anthony Albanese, Jill Biden, Biden, ” Biden, Albanese, Katie Button, Jodie Haydon, Albanese's Organizations: WASHINGTON, White House, Australian, Ukraine, National Institutes of Health Clinical, National Cancer Institute Locations: U.S, American, Israel, Australia, Papua New Guinea, Washington, France, South Korea, India, Asheville , North Carolina, Bethesda , Maryland

Without directly referencing the devastation of the Israel-Hamas war, the first lady announced Tuesday that "we’ve made a few adjustments to the entertainment portion” of the dinner. Albanese is the fourth world leader to be honored with a state visit during Biden's term, after the leaders of France, South Korea and India. Hundreds of lawmakers, business titans and celebrities are typically invited to state dinners, but the White House keeps the guest list secret until just before people start arriving for the black-tie affair. The dinner program, including an exchange of toasts, will unfold in a temporary pavilion being built on the White House lawn. The White House said postponing was not an option, casting Albanese's visit as part of the important diplomatic balancing act that a president must undertake with U.S. allies worldwide.

Persons: Jill Biden, we’ve, Anthony Albanese, Katie Button, Joe Biden, Albanese, Biden, Karine Jean, Pierre, “, John Kirby, ” Albanese, Jodie Haydon Organizations: WASHINGTON, White House, Army and Air Force, Australian, House, Washington, Republican, White, Press, Biden, National Security Council Locations: Israel, Asheville , North Carolina, Australia, France, South Korea, India, Washington, United States

☆ US military advisers invoke lessons of Iraq in urging Israelis to avoid all-out ground assault in Gaza
▼ + stars: | 2023-10-24 | by ( Natasha Bertrand Oren Liebermann Mj Lee Katie Bo Lillis | Natasha Bertrand | Oren Liebermann | ) edition.cnn.com time to read: +9 min

“I don’t think Israel has a strategy for what they do next” in terms of executing a full-blown ground invasion, one source familiar with concerns within the Biden administration said. President Joe Biden greets Israeli Prime Minister Benjamin Netanyahu at Ben Gurion International Airport, Oct. 18, 2023, in Tel Aviv. “We stand before the next stage, it is coming,” Netanyahu told the Israel Defence Forces’ Yahalom unit on Tuesday, according to a press release from Netanyahu’s office. “We will not stop until we complete it, with your help.”Military to military channelsIn 2014, Netanyahu set out to debilitate Hamas with the last ground invasion into Gaza. Despite numerous rounds of escalation and conflict with Gaza, Israel hasn’t attempted another incursion since.

Persons: Biden, James Glynn, Israel, Joe Biden, Bill Burns, Benjamin Netanyahu, Evan Vucci, Netanyahu, enflamed, ” Netanyahu, “, ”, Israel hasn’t, Alexi J . Rosenfeld, Matthew Miller, “ We’ve, Defense Lloyd Austin, Yoav Gallant, ” Gallant, Emmanuel Macron, ” Macron, Obama, Gilad Erdan Organizations: Washington CNN — American, CNN, Israel Defense Forces, ISIS, Marine Corps, Marine Forces Special Operations Command, CIA, NATO, Israeli, Ben Gurion International Airport, Israel Defence Forces ’, ”, Pentagon, Defense, International Coalition Locations: Iraq, Gaza, Israel, Fallujah, US, Mosul, France, Germany, Italy, Canada, United Kingdom, Tel Aviv, United States, Western, Palestinian

☆ Intelligence shows Iranian-backed militias are ready to ramp up their attacks against US forces in the Middle East
▼ + stars: | 2023-10-23 | by ( Natasha Bertrand Katie Bo Lillis Zachary Cohen Jennifer Hansler | Natasha Bertrand | Katie Bo Lillis | ) edition.cnn.com time to read: +6 min

CNN —The US has intelligence that Iranian-backed militia groups are planning to ramp up attacks against US forces in the Middle East, as Iran seeks to capitalize on the backlash in the region to US support for Israel, according to multiple US officials. The militia groups have already launched multiple drone attacks on US forces in Iraq and Syria. But the US now has specific intelligence that those same groups could escalate even further as the war between Israel and Hamas continues. Officials said that at this point, Iran appears to be encouraging the groups rather than explicitly directing them. In the case of the recent drone attacks on bases housing US forces, “Iran is certainly more culpable than in the case of the Hamas attack in Israel,” said another person familiar with the intelligence.

Persons: John Kirby, ”, Kirby, “, Matthew Miller, they’re, ” “ It’s, Defense Lloyd Austin, Naledi, Hossein Amir, Abdollahian, ” Abdollahian, ” Austin Organizations: CNN, Israel, Officials, National Security, Iranian Revolutionary Guard Corps, Quds Force, State, State Department, ISIS, Defense, Pentagon, US Navy, Iran’s Locations: Iran, Iraq, Syria, Israel, Tehran, Qatar, Iranian, Yemen, East

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy burying power lines for wildfire prevention is effective but so costlyBurying power lines is an expensive but sure-fire way to practically eliminate the risk of utility-caused wildfires, which have devastated towns across California. PG&E, the nation's largest utility, has been found liable for numerous wildfires in the state, and has a plan to underground 10,000 miles of distribution lines in fire-prone areas. But this plan would cost tens of billions of dollars and would be paid for by customers, causing some to advocate for cheaper, alternate options.

Locations: California

☆ Why burying power lines is an effective, but very expensive way to prevent wildfires
▼ + stars: | 2023-10-21 | by ( Katie Brigham | ) www.cnbc.com time to read: +2 min

Five years ago, PG&E's equipment sparked the deadly Camp Fire, which destroyed the town of Paradise, California, and killed 85 people. But just a year later, in the same county, PG&E's equipment started another catastrophic fire, prompting the utility to announce its extensive undergrounding plan. The utility has undergrounded 350 miles of power lines so far this year, and more than 600 miles since 2021. While Martin says moving power lines underground reduces ignition risk by 98%, it comes at a steep cost. The bill would be footed by PG&E's customers, who already face some of the highest rates in the nation.

Persons: Jamie Martin, Martin, Katy Morsony, Morsony, Daniel Kirschen, Kirschen Organizations: Pacific Gas and, undergrounding, California Public Utilities Commission, Reform, University of Washington Locations: California, Maui, Paradise , California

☆ How marketers are using AI to make the customer-service experience faster, more targeted, and more reliable
▼ + stars: | 2023-10-20 | by ( Helaine Krysik | ) www.businessinsider.com time to read: +5 min

Marketers say conversational AI is taking some of the pressure off of live customer service. This story is part of "Revolutionizing Customer Experience With AI," a series exploring the game-changing technologies driving customer interactions. Brands are discovering that using AI costs less, gets more done in less time, and provides a more customized, reliable shopping experience. Wingstop is experimenting with an AI pilot on phone orders in select restaurants. When customers call a pilot location, they are greeted by an AI phone voice taking them through the ordering process.

Persons: —, Herb, Katie Bevier, Bevier, Maddie Lupori, Lupori, We've Organizations: Service, Brands, Kroger, eventual Locations: Wingstop

In private discussions with their Israeli counterparts, Western defense officials have not tried to dissuade Israel from moving into Gaza with ground forces, the sources said. While he said that “taking out the extremists is a necessary requirement” for Israel, “Hamas and the extreme elements of Hamas don’t represent all the Palestinian people. At least publicly, Israeli officials have articulated their plans only in broad strokes, saying that the goal is to eliminate Hamas and its infrastructure. In one word – to win.”In 2014, Israeli Prime Minister Benjamin Netanyahu set out to debilitate Hamas with the last ground invasion into Gaza. “I think the goal was to show clear support (and) to understand Israel’s strategy of what comes after an invasion if Israel is successful in decimating Hamas.

Persons: Israel, Joe Biden, “, Biden, Gilad Erdan, Staff Herzi Halevi, Benjamin Netanyahu, Israel hasn’t, ”, Jonathan Panikoff, didn’t Organizations: CNN, NATO, Israel, Hamas, Israel Defense Forces Chief, Staff, Haaretz, ”, US Locations: Israel, Gaza, Tel Aviv, Iraq, Syria, Lebanon –, Iran, Tehran

☆ Will Sam Bankman-Fried take the witness stand? It would be dangerous — but he has little to lose.
▼ + stars: | 2023-10-19 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +12 min

Sam Bankman-Fried needs to decide soon whether he'll take the witness stand in his criminal trial. AdvertisementAdvertisementCaroline Ellison testified in the trial of her ex-boyfriend, Sam Bankman-Fried JANE ROSENBERGFor that reason, the case against Bankman-Fried rests on the credibility of his alleged co-conspirators. In their own questioning of the cooperating witnesses, prosecutors have encouraged them to be open about taking responsibility for their crimes. Court sketch of Sam Bankman-Fried on the first day of his trial JANE ROSENBERG/ReutersIf Bankman-Fried takes the stand, he'll be cross-examined by prosecutors. If Bankman-Fried takes the stand, prosecutors will almost certainly point to more material and catch him in any contradictions.

Persons: Sam Bankman, he'll, he's, —, They're, Fried, Mark Cohen, Lewis Kaplan, who's, Cohen, He's, Caroline Ellison, Gary Wang, Nashad Singh, Sarah Krissoff, Cozen O'Connor, FTX, Mary Altaffer, Kaplan, Paul Tuchmann, Wiggin, Dana, Tuchmann, Adam Yedidia, Fried JANE ROSENBERG, Ellison, Wang, Singh, Bankman, Wang forthrightly, Ellison teared, slovenliness, Prosecutors —, Krissoff, JANE ROSENBERG, hedged, didn't, Judge Kaplan's, SBF Organizations: Service, Defense, US, Alameda Research, Former Alameda Research, AP, Prosecutors, Toyota Corolla, Reuters, ABC News, Alameda . Locations: Manhattan, Alameda, New York, FTX

☆ Sam Bankman-Fried replied 'Yep' when FTX's top lawyer told him there was no legal justification for taking customer funds, attorney testified
▼ + stars: | 2023-10-19 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

A top attorney for FTX testified Thursday in the trial of Sam Bankman-Fried. Can Sun said he was "shocked" by a $7 billion hole in FTX, while Sam Bankman-Fried was unsurprised. AdvertisementAdvertisementFTX's corporate attorney testified in court against his former boss, Sam Bankman-Fried, in Manhattan federal court on Thursday, sharing details about the company's bankruptcy in November 2022. Sun testified that Singh told him Bankman-Fried was unfazed when he confronted the CEO about the hole. Bankman-Fried told Singh something to the effect of: "It is what it is.

Persons: FTX, Sam Bankman, Sun, Fried, SBF, —, –, Singh, Nishad Organizations: Service, Alameda Research, Bankman, Prosecutors Locations: FTX, Manhattan, Alameda, Japan, Bahamas

☆ Judge in Sam Bankman-Fried trial reams out lawyers for having witnesses 'hauled up here' from across the country without much to say
▼ + stars: | 2023-10-18 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Attorneys in Sam Bankman-Fried's Manhattan trial were chewed out by the judge on Wednesday. Judge Lewis Kaplan lost his patience over two witnesses who gave useless testimony. Kaplan was particularly frustrated that one of the witnesses had traveled from Texas to participate. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Kaplan's complaints aside, Wednesday was an otherwise efficient trial day, with four witnesses taking the stand in total.

Persons: Sam Bankman, Judge Lewis Kaplan, Kaplan, —, Lewis Kaplan, it's, Bankman, Fried, Eliora Katz, Katz, Cory Gaddis, Gaddis, Peter Easton, University of Notre Dame, Shamel Medrano Organizations: Service, Prosecutors, FTX, Google, University of Notre, US Attorney's Locations: Manhattan, Texas, New York

Among the evidence that’s been gathered is a blast analysis that suggests it was a ground explosion rather than an airstrike that hit the hospital, one of the sources said. That analysis is one datapoint that’s led intelligence officials to lean toward assessing that the attack on the hospital was a rocket launch gone wrong. Still, the blast analysis is just one of the things being examined by the intelligence community, which has surged intelligence collection assets to the region. US intelligence officials have not made a final assessment and are still gathering evidence, the officials said. Not long after landing in Israel on Wednesday, Biden weighed in on who was behind the strike on the hospital.

Persons: Israel “, Joe Biden’s, Adrienne Watson, ” Watson, that’s, Biden, ” Biden, Benjamin Netanyahu, ”, Israel, Daniel Hagari, “ I’m, Jim Himes, Mick Mulroy, Mulroy, Mark Hertling, ” Hertling, it’s “, ” “, “, We’re, ’, Rishi Sunak, ” Sunak, It’s Organizations: CNN, National Security Council, Palestinian, NSC, Islamic, Wednesday, Israeli, Defense Department, ”, Israel Defense Forces, House Intelligence, Capitol, Defense, CIA, intel, Hamas Locations: Gaza, Israel, States, Jim Himes of Connecticut, Al, Ahli, Iran

☆ Prosecutors say Sam Bankman-Fried got shady doctor to prescribe Adderall as judge denies greater access to pills during trial
▼ + stars: | 2023-10-16 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Sam Bankman-Fried's defense attorneys say he doesn't have enough Adderall. Before the trial began, they had written to the judge asking for "uninterrupted access" to the drug. AdvertisementAdvertisementProsecutors in Sam Bankman-Fried's trial raise concerns about the former cryptocurrency mogul's repeated requests for more Adderall during his criminal trial, claiming in court Monday that his doctor "has engaged in some suspect practices." AdvertisementAdvertisementBut, as Bankman-Fried's attorneys revisited their medicinal complaint in court on Monday, the prosecution accused them of using a sham doctor who overprescribes to patients. When Bankman-Fried's lawyers suggested stopping the trial until then, Kaplan refused.

Persons: Sam Bankman, SBF, —, mogul's, Danielle Sassoon, Lewis Kaplan, overprescribes, Sassoon, Mark Cohen, Fried, Cohen, Kaplan, hasn't Organizations: Service, US, Bureau of Prisons, Metropolitan Detention Center, Marshalls, Federal Bureau of Prisons Locations: Brooklyn

☆ Sam Bankman-Fried's lieutenant Nishad Singh said he was embarrassed by 'flashy' FTX spending
▼ + stars: | 2023-10-16 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +8 min

Singh testified at Bankman-Fried's trial that his concerns were almost always rebuffed. In Manhattan federal court Monday, Singh testified about how he frequently questioned and pushed back against Bankman-Fried's spending sprees and investment decisions — and was almost always rebuffed. "I would hear that my opinions were already factored in, and I didn't need to continue sharing them," Singh testified. Singh testified that he came to know Bankman-Fried through a friendship with the FTX founder's younger brother, Gabe Bankman-Fried. Infighting over expensesThe pair often disagreed on money, Singh testified.

Persons: Nishad Singh, Sam Bankman, Singh, —, Fried, Bill Clinton, Tony Blair, spender, Caroline Ellison, Gary Wang, Gabe Bankman, FTX, SBF, I've, Sam, Tom Brady, Gisele Bündchen, Steph Curry, Kevin O'Leary, Larry David, Jon Kopaloff, Fatih Aktas, Getty Images Singh, Michael Kives, Hillary Clinton, Katy Perry, Orlando Bloom, Ted Sarandos, Jeff Bezos, Kate Hudson, Leonardo DiCaprio, Corey Gamble, Kendall Jenner, Singh wasn't, Kris Organizations: Service, Bankman, Alameda, US Securities and Exchange Commission, University of California, Facebook, Engineering, Sequoia Capital, Yuga, Miami, Major League Baseball, of Legends, Getty Images, Anadolu Agency, K5 Global Locations: Bankman, FTX, Manhattan, Berkeley, Alameda, Bahamas, Kazakhstan, Albany

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