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Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client’s role in the implosion of the crypto empire that was run by her former boss and ex-boyfriend. Judge Lewis Kaplan, who presided over Bankman-Fried’s case, cited Ellison’s testimony when he decided in March to sentence the FTX founder to 25 years behind bars. Ellison, who ran Alameda Research, agreed to a plea deal in December 2022, a month after FTX spiraled into bankruptcy. Bankman-Fried forced Ellison into a sort-of isolation, culminating in her moral compass being “warped,” the lawyers say. Her former roommates and ex-FTX executives, Nishad Singh and Gary Wang, will be sentenced in October and November, respectively.
Persons: Caroline Ellison, Sam Bankman, Ellison, Judge Lewis Kaplan, FTX spiraled, “ Caroline, John Ray, , Fried, disentangling, , ” She’s, that’s, ” Ellison, Nishad Singh, Gary Wang, — CNBC’s Dan Mangan Organizations: U.S, Alameda Research, court’s, Department, , Bankman Locations: FTX’s Bahamas, Alameda, Boston, Hong Kong, Bahamas, Bankman
Compass CEO Robert Reffkin: It's still a seller's market
  + stars: | 2024-08-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompass CEO Robert Reffkin: It's still a seller's marketRobert Reffkin, Compass co-founder and CEO, joins 'Squawk on the Street' to discuss the housing markets as mortgage rates fall and new home sales rise.
Persons: Robert Reffkin, It's
Markets around the world are getting some relief after the steep declines suffered Monday. Japan's Nikkei 225 surged more than 10% overnight — its biggest one-day gain since 2008 — clawing back some of its losses from the previous session. In the U.S., stock futures pointed to slight gains at the open. It might be an easier call if it was October, but we frankly struggle to think of many markets that have put in their corrective lows in early-August," Verrone wrote. The Cboe Volatility Index (VIX) , Wall Street's preferred fear gauge, remained elevated around 32, though it was down 16% in morning trade.
Persons: Morgan Stanley, Trump, Thomas Salopek, Chris Verrone, Verrone, Wall Street's Organizations: Japan's Nikkei, Dow Jones Industrial, Taiwan Semiconductor Locations: U.S, Coinbase
The Guardian said Brown wrote to police after documents that were recently made public during civil court proceedings reportedly showed Lewis met with detectives in 2011. After he was hired by the Post, Lewis also tried to kill a story about his alleged involvement in the phone hacking scandal coverup, offering an NPR reporter an interview in exchange for squashing the forthcoming article. In May, Brown wrote to the Metropolitan Police and said he was told that the “Met’s special inquiry team” would look into it. The security threats were believed to be genuine and were not devised as part of an alleged ‘cover-up’ and there is no evidence to show that is the case,” the News UK spokesperson said. The allegations swirling around Lewis have roiled The Washington Post newsroom in recent months.
Persons: Will Lewis, Rupert Murdoch’s, Gordon Brown, Lewis, Brown, Tom Watson, Rebekah Brooks, ” Brown, Prince Harry, Murdoch, , Mr Brown, , Brooks, ” “, Carlotta Cardana, Robert Winnett, Jeff Bezos Organizations: New, New York CNN, London, Washington Post, Guardian, Metropolitan Police, Murdoch’s News, Washington, Post, CNN, News, IT, MPS, Bloomberg, Getty Locations: New York, London
And that’s way bigger than wins and losses.”Really cool scene outside the arena after USA vs. South Sudan. Back on July 20, in London, South Sudan came within a couple possessions late of upsetting America in an exhibition. In the 11 days since the near upset of the century, South Sudan was searched an estimated 152,000 times. Then, in the country’s Olympics debut, South Sudan beat Puerto Rico to make national history. “There’s a lot of jokes in the media, a lot of people saying certain things about South Sudan.
Persons: Stade Pierre Mauroy, Kang JJ, , Royal Ivey, , vFXBNtpx36 — Marcus Thompson II, Deng could’ve, Duke, he’d, Deng, ” Deng, Steve Kerr, it’s, ” Grant, Luol Deng, Nathaniel S, Butler, NBAE, LeBron James, Stephen Curry, Kevin Durant, Nuni Omot, I’ve, Ivey, Deng didn’t, Deng’s, Manute Bol, He’s, who’ve, ” Omot, Sudan’s JT Thor, Sameer Al, Omot, Kuol, Steph Curry, Wenyen Gabriel, Los Angeles, Anthony Davis, Bam Adebayo, They’re Organizations: Stade, Wec, Sudan didn’t, USA, Milwaukee Bucks, Chicago Bulls, NBA, Athletic, Invest, Team USA, Getty, America, French National Team, Puerto Rico, Sudanese People’s Liberation Movement, Southern, Bulls, United Nations, Food, Kenyan, Sydney Kings, National Basketball League, UNHCR, Los, Los Angeles Laker, Maccabi Tel Locations: D’ASCQ, France, South Sudan, Sudan, USA, Africa, Kenya, London, Puerto, Southern Sudanese, Wau, Egypt, That’s, Eastern Africa, AFP, Ethiopia, Minnesota, Australia, Khartoum, New Hampshire, Maccabi Tel Aviv
AdvertisementLong days for the two-men crewAn interior view of the Sailing Location yacht. Lily Davison and Nik Dorward wear multiple hats on their trips, doing everything from cooking to acting as tour guides. Tops other hospitality jobsA coconut drink served on board Sailing Location. AdvertisementAnd they haven't had any nightmare guests, Davison said, unlike when she was on "Below Deck Med." Nik Dorward and Lily Davison aboard the Sailing Location yacht.
Persons: , Lily Davison, Nik Dorward, Davison, It's, Dorward, Pablo Escobar's, James Bond's, they've Organizations: Service, Business Locations: Bahamas, Nassau , New Providence, Norman's, Staniel Cay, Florida
Read previewWarning: Major spoilers ahead for "Deadpool & Wolverine." "Deadpool & Wolverine" has several noteworthy celebrity cameos, but the film's greatest gift is Chris Evans' return. Chris Evans returns as Johnny Storm/Human Torch, not Steve Rogers/Captain AmericaChris Evans as Johnny Storm/Human Torch in "Fantastic Four." 20th Century FoxIt probably cost Marvel a pretty penny to bring back Evans for his "Deadpool & Wolverine" cameo. For better or for worse, "Deadpool & Wolverine" contains many cameos that are being called fan service.
Persons: , Chris Evans, Shawn Levy, Ryan Reynolds, Wade Wilson, Deadpool, Hugh Jackman's Logan, Wolverine, Evans, Johnny Storm, Steve Rogers, Captain America Chris Evans, Cassandra Nova, Emma Corrin, Max, Evans —, he's, Pyro, Aaron Stanford, Johnny, Cassandra, who's Charles Xavier's, Fox That's, Wade, urinated, Wade snickers, Captain America, you'll, Jennifer Garner, Elektra, Sam Wilson, Anthony Mackie, Marvel, Reynolds, texted, he'd, Ryan Organizations: Service, Business, Fox, TVA, Marvel Studios, Marvel, MTV News, Entertainment
Real estate, with its large transaction sizes and frequent use of wire transfers, has proven to be an especially lucrative target for criminals. In early July, Robillard told CNBC she had no idea whether she would ever see her money again. Courtesy: Rana RobillardRobillard says she decided to publicize her story to boost awareness of real estate wire fraud, besides being a last-ditch attempt at getting her money back. "This is not what I thought my public representation would look like, which is that I've lost all this money," Robillard said. While Martinez, California-based Compass Mortgage denies being hacked, it acknowledged that the email with wire directions wasn't from them, according to Robillard.
Persons: Rana Robillard, she'd, Robillard, HackerOne, Fraudsters, Naftali Harris, Harris, Charles Schwab, she's, , Robillard Robillard, I've, it's, should've, Kristy Aichinger, Aichinger, Kent Donahue, Donahue didn't Organizations: JPMorgan Chase, CNBC, Citigroup, Ally Bank, San, FBI, JPMorgan, Federal Trade Commission, Consumer Financial, Bureau, Chase, FTC, OS National, Opendoor, Robillard, Compass Mortgage Advisors, Mortgage Locations: Oakland, Orinda ,, California, Orinda, San Francisco, Real, Martinez
CNN —Actor George Clooney on Tuesday endorsed Vice President Kamala Harris, hailing her “historic” White House bid following President Joe Biden’s exit from the 2024 presidential race. Clooney is seen by many Democratic backers in Hollywood as a sort of compass given his engagement and activism. “President Biden has shown what true leadership is. We’re all so excited to do whatever we can to support Vice President Harris in her historic quest,” Clooney said in a statement to CNN on Tuesday. “He was the same man we all witnessed at the debate,” Clooney added in his op-ed, referencing Biden’s faltering performance at the June 27 presidential debate on CNN.
Persons: George Clooney, Kamala Harris, Joe Biden’s, Clooney, , Biden, Harris, ” Clooney, Barack Obama, Joe ‘, ’ Biden, wasn’t, Joe Biden, She’s, CNN’s Michael Williams Organizations: CNN, Democratic, New York Times, Biden, Democratic Party Locations: Hollywood
Determining your budgetYou can figure out how much house you can afford to buy using our free mortgage calculator. While you may already have an idea of what you think you can afford, you'll need to find out how the bank sees you. It will include a list of all of your finalized closing costs and how much cash you'll need to close. The final walkthroughBefore closing, you'll also get a chance to view the home one more time. How to buy a house FAQsHow much down payment do I need to buy a house?
Persons: You'll, George Chedid, Dana Bull, They're, Bull, you've, Don't, it's, They'll, you'll, they've, Chedid Organizations: Compass, Federal Housing Administration, US Department of Veterans Affairs, US Department of Agriculture, you'll, Homeowners Insurance Allstate, Insurance Locations: Kendall Park , New Jersey, Chevron, Boston
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. McKillen said he hadn't formally parted ways with the New York firm but was arranging his exit. He said that eight brokers who worked with him at Official would remain with Plus in its breakaway from the firm. Shortly afterward, news broke that a third woman alleged in a New York civil case filed that month that Tal and Alon Alexander raped her in 2012 as Oren Alexander watched. AdvertisementIn a response to the lawsuit against him, Tal Alexander said his accuser's claims were "fabricated allegations for financial gain."
Persons: , Tyrone McKillen, McKillen, hadn't, Nicole Oge, Tal, Oren Alexander, Alon, Alon Alexander, Tal Alexander, Oge, Oren, Michael Shvo, John Hudak, Beyoncé, Tyrone, Richard Jordan Organizations: Service, Partners, New, Business, Group, Raleigh, Bel Air Locations: Los Angeles, New York, Miami, Miami Beach
Trekking Across Switzerland, Guided by Locals’ Hand-Drawn Maps Nostalgic for a time before ubiquitous connectivity, a writer ditched his phone and relied instead on serendipity — and maps made by people he met along the way. So perhaps the most difficult day was also the day I knew for sure that I would make it — that I’d find my way across Switzerland with nothing but the hand-drawn maps of strangers. The map I’m using was drawn by Susana, a Portuguese woman who married into a local family and now runs a mountain refuge near the village of Grindelwald. Days 9 and 10 43 miles, through the original heart of Switzerland and the turquoise lakes of the canton of Glarus. This is the heart of Switzerland — the original cantons that formed the Old Swiss Confederacy, the precursor to the modern-day country.
Persons: Chris, Rocher de Naye, Melanie, Col de Chaude, d’Oex, , , I’ve, ” I’ve, Rudy, Nestor, Dora, haven’t, Sherlock Holmes, Susana, I’m, Simon, he’s, They’re, Kris, Andy Clark, we’ve, it’s, Peter, Andrea, won’t, Jon, you’re Organizations: Sparta —, Restaurant, Energy, Swiss Confederacy Locations: Switzerland, American, Lake Constance, Lake Geneva, Montreux, Caux, Europe, Col, Charlotte, Gstaad, Bernese, xenia, Lenk, Adelboden, Lake, Portuguese, Grindelwald, Meiringen, Engelberg —, Tasmania, Swiss, Danish, Glarus, Schwyz, Liechtenstein
Any other US airport probably wouldn't garner the same attention, but Denver Airport is riddled with conspiracy theories and ghost stories that date back decades. AdvertisementThe capstone features the Freemasons' Square and Compass symbol and mentions a group called the "New World Airport Commission." Taylor Rains/Business InsiderMythmakers suggest the rearing horse is cursed after killing its creator, Luis Jiménez, in 2006. The tunnels aren't secret and have nothing to do with the supernaturalMy Denver airport tour was sparked by the viral TikTok. Taylor Rains/Business InsiderBut it's not the only "hidden" place in Denver Airport where theorists believe something nefarious is going on.
Persons: , There's, I've, Taylor Rains, Leo Tanguma, Andy Cross, Stacey Stegman, Stegman, Luis Jiménez, Jiménez, It's, it's, Bob Daemmrich Organizations: Service, Denver International, Denver, Business, Denver Airport, Freemasons, Commission, Denver International Airport, Denver Post, New, Notre Dame, Frontier Airlines, Getty Locations: TikTok, Denver, Colorado, New Mexico, Notre Denver, Paris, Denver Airport, AFP, Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJD Vance is one of the most thoughtful leaders we've seen in the Senate: American Compass' Oren CassOren Cass, American Compass chief economist, joins 'Squawk Box' to discuss former President Trump's decision to select Ohio Senator JD Vance as his running mate, what a Trump-Vance economic agenda would look like, state of GOP economic conservatism, and more.
Persons: JD Vance, we've, Oren Cass Oren Cass, Trump's, Vance Organizations: Senate, American, American Compass
History, however, is why some say they wouldn't dream of living in one particular house in the heart of New Orleans' French Quarter. Later that day, the Zillow listing said the property, wnown as the LaLaurie Mansion, was already "pending sale," which broker Patrick Knudsen confirmed to Business Insider. Regions Bank scooped up the mansion for $2.3 million at auction before selling it to Whalen a year later. AdvertisementThe property has a dark history of torture and slaveryAs the Journal reported, the home was built to replace the original LaLaurie Mansion, which burned down in 1834. AdvertisementThe original LaLaurie Mansion was ransacked and destroyed when people found out the owner was torturing people inside.
Persons: , Michael Whalen, Patrick Knudsen, Whalen, Nicolas Cage, Cage, Delphine LaLaurie Organizations: Service, Street, Business, Blum, Regions Bank, British, Post, New, University of New Locations: New Orleans, Houston, University of New Orleans
If Mr. Trump has these qualities, Americans have never seen them in action on behalf of the nation’s interests. This record shows what can happen to a country led by such a person: America’s image, credibility and cohesion were relentlessly undermined by Mr. Trump during his term. Mr. Trump has shown, repeatedly, that he does not. The lack of moral grounding undermines Mr. Trump even in areas where voters view him as stronger and trust him more than Mr. Biden, like immigration and crime. But there are good reasons to worry about whether that would happen again, as Mr. Trump works harder to surround himself with people who enable rather than check his most insidious impulses.
Persons: Trump, Jan, Biden Organizations: Mr, Capitol, Justice Department, Republican Locations: United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompass Diversified CEO on inflation's impact on consumers and economic warning signsElias Sabo, Partner and CEO of Compass Diversified, discusses how inflation and higher rates are impacting consumers and the economy.
Persons: Elias Sabo Organizations: Compass
Related storiesThough Remi recruited people she knew, shadow stand-ins are often sourced from a complex online web of faceless providers. Facebook Groups are a popular forum for recruiting shadow stand-ins, providing a two-sided marketplace where workers and providers can connect to one another. The dustup highlighted a key drawback to shadow stand-ins: While alluring, things can go horribly wrong. "It required a lot of micromanaging," said a backend engineer in Pennsylvania who hired shadow stand-ins to help him juggle multiple jobs. Pay rates for shadow stand-ins are "definitely more than what people earn in their regular payday, that's for sure," he said.
Persons: Remi, Zer, couldn't, — Remi, Walter Keane, Margaret, Tim Ferriss, Raj Kumar, isn't, Kevin, Andrew, it's, Lorenzo Matteucci, Brandon Nowak, , Amber Clayton, Tim Woodruff, Woodruff, they're, Ranjan, Kiran, Rahul, Peter Steele, Michel Anteby, doesn't Organizations: Business, Labor, Verizon, Southwestern, Facebook, Amazon Web Services, BI, Companies, Corporations, Society for Human Resource Management, Secret Service, Department of, Treasury, FBI, LinkedIn, Boston University Locations: Chicago, India, Pakistan, China, Southwestern US, Atlanta, San Jose , California, Bengaluru, American Java, Southeast Asia, United States, Colorado, Southern California, Pennsylvania, Washington, Indian, Michigan, Oregon, England
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompass Point's Max Reale talks the impact of a possible FDA ban on compounded GLP-1 offeringsMax Reale, Compass Point head of policy research, joins 'Closing Bell Overtime' to talk the current state of the weight-loss drug space and the impact of a possible compounded GLP-1 ban.
Persons: Max Reale Organizations: FDA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompass CEO: Supply and demand indicators suggest a modest shift towards a homebuyer's marketRobert Reffkin, Compass co-founder and CEO, joins 'Squawk on the Street' to discuss whether there's a magic mortgage rate threshold for homebuyers, home supply questions, and much more.
Persons: Robert Reffkin Organizations: Supply
Amid the whirlwind of activity, the 51-year old, Israel-born executive has presented himself as a real estate visionary with a personal preference for all-black attire and a taste for luxury brands. BVK recently hired the residential brokerage firm Corcoran Group to complete a market study of the Fifth Avenue project, a person who viewed the report said. Miller noted he did not have direct knowledge of the situation at 685 Fifth Avenue. At 685 Fifth Avenue, he recently marked down prices for some of the units. In contrast, the Shore Club, which is being built by the New York real estate developer Steve Witkoff just a few hundred yards away from the Raleigh has pre-sold briskly.
Persons: , Michael Shvo, Shvo, Peter Marino, Norman Foster, Renzo Piano, BVK, Corcoran, Jonathan Miller, Miller Samuel, Miller, Pam Liebman, Corcoran's, Truist, Michael Lirtzman, Akuna, Lirtzman, I've, Scott Wadler, Wadler, Jed Jacobsohn, John Goodman, Diane, , Goodman, profanely, Serdar, Shvo's, Bilgili, Deutsche Finance didn't, Alex Miranda, I'm, Steve Witkoff, Morgan Chase Organizations: Service, Bayerische, Deutsche Finance, Business, GFI, Group, Shvo, Wabash, Akuna, Colliers, Wabash –, Raleigh, Core, New York State, Noë, Associates, West, Bilgili, BVK, Shore Club, New Locations: New York, Manhattan's Plaza, Los Angeles, Miami Beach, Raleigh, Israel, Wilshire, LA, Manhattan, Chicago, Miami, Paris, South Florida, San Francisco, Manhattan's, Turkish, BVK, Wabash, Shvo, Munich
Amid the whirlwind of activity, the 51-year old, Israel-born executive has presented himself as a real estate visionary with a personal preference for all-black attire and a taste for luxury brands. BVK recently hired the residential brokerage firm Corcoran Group to complete a market study of the Fifth Avenue project, a person who viewed the report said. Miller noted he did not have direct knowledge of the situation at 685 Fifth Avenue. At 685 Fifth Avenue, he recently marked down prices for some of the units. In contrast, the Shore Club, which is being built by the New York real estate developer Steve Witkoff just a few hundred yards away from the Raleigh has pre-sold briskly.
Persons: , Michael Shvo, Shvo, Peter Marino, Norman Foster, Renzo Piano, BVK, Corcoran, Jonathan Miller, Miller Samuel, Miller, Pam Liebman, Corcoran's, Truist, Michael Lirtzman, Akuna, Lirtzman, I've, Scott Wadler, Wadler, Jed Jacobsohn, John Goodman, Diane, , Goodman, profanely, Serdar, Shvo's, Bilgili, Deutsche Finance didn't, Alex Miranda, I'm, Steve Witkoff, Morgan Chase Organizations: Service, Bayerische, Deutsche Finance, Business, GFI, Group, Shvo, Wabash, Akuna, Colliers, Wabash –, Raleigh, Core, New York State, Noë, Associates, West, Bilgili, BVK, Shore Club, New Locations: New York, Manhattan's Plaza, Los Angeles, Miami Beach, Raleigh, Israel, Wilshire, LA, Manhattan, Chicago, Miami, Paris, South Florida, San Francisco, Manhattan's, Turkish, BVK, Wabash, Shvo, Munich
But much more must be done and, as with most change, it’s important to start by admitting there’s a problem. The phenomenon of Democrats dismissing the polls in favor of misplaced optimism has been termed “hopium” by data journalist Nate Silver. Polling denial is not unanimous in the party, as many Democrats are reportedly in a full-blown “freakout” over Biden’s chances. It’s essential they admit the polling is correct, because if Biden is winning, there is little need to change course. This means these groups likely share top concerns with moderate voters generally.
Persons: Liam Kerr, Joe Biden’s, Liam Kerr Liam Kerr, there’s, Nate Silver, Simon Rosenberg, Rosenberg, Biden, it’s, Trump, Biden’s, Harry Enten, , , , Hilary Clinton, Tom Suozzi, George Santos ’ Organizations: GOP, CNN, Democratic, Trump, Biden, Gallup, Black Democrats, White Democrats, Harvard Youth, Gaza, “ Biden, New York Times, Trump Republicans, Republican, NBC, Twitter, Facebook, Chicago Democratic National Convention Locations: Pennsylvania , Wisconsin, Michigan, Siena, New York,
Read Your Way Through New Orleans
  + stars: | 2024-06-05 | by ( Maurice Carlos Ruffin | ) www.nytimes.com   time to read: +1 min
Read Your Way Around the World is a series exploring the globe through books. By some counts, it’s one of the most festive cities in America, with a party or two happening almost every week. The literature of New Orleans is an important supplement to your experience of the city. What should I read before I pack my bags? Using primary documents that her father rescued from a trash hauler’s pickup truck, Shaik builds a nonfiction narrative that’s both illuminating and compulsively readable.
Persons: Jon Batiste, , Fatima Shaik Organizations: Gras, Brotherhood Locations: . New Orleans, America, New Orleans
The Mexican government did not grant women the right to vote in national elections — or the right to hold public office on a national level — until Oct. 17, 1953. Now, almost 71 years later, for the first time two women are leading the race to be Mexico’s next president: Claudia Sheinbaum, who is the front-runner, and Xóchitl Gálvez. But they have been cautious about lingering too long on women’s issues in their campaigns, conspicuously tiptoeing around abortion and reproductive rights, seemingly out of deference to conservative voters. Neither candidate has put forth a strong agenda to serve the women who put them where they are today. To be fair, male candidates have not historically been required to present their agenda for women either.
Persons: Claudia Sheinbaum, Xóchitl, machismo, Sheinbaum, Gálvez, Felipe Calderón, Andrés Manuel López Obrador Locations: Mexico, U.S
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