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☆ Sam Bankman-Fried lied under oath to shape his story around ex-friends who testified against him, prosecutors say in scathing closing argument
▼ + stars: | 2023-11-01 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +6 min

Prosecutors say Sam Bankman-Fried lied under oath on the witness stand. AdvertisementAdvertisementIn closing arguments for Sam Bankman-Fried's criminal trial Wednesday, prosecutors say the disgraced cryptocurrency mogul repeatedly lied on the witness stand. Prosecutors allege Bankman-Fried defrauded millions of FTX customers by stealing their deposits and using them for Alameda. He used the money, prosecutors say, for personal investments, to repay loans, in extravagant advertising, to buy properties around the world, and for political donations. AdvertisementAdvertisementAlameda's account on FTX, Roos pointed out, did not even have the spot-margin trading option enabled.

Persons: Sam Bankman, Fried, —, he's, Nicholas Roos, Roos, Mark Cohen, Danielle Sassoon, — Caroline Ellison, Gary Wang, Nashad Singh —, Ryan Salame, Adam Yedidia, Sun Organizations: Service, MIT, Alameda Research, Miami Heat, Prosecutors Locations: Manhattan, Bankman, Alameda, FTX, Washington

☆ Sam Bankman-Fried ‘told you a story, and he lied to you,’ prosecutors tell the jury
▼ + stars: | 2023-11-01 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

US Assistant Attorney Nicholas Roos presented the government’s view that Bankman-Fried is guilty of stealing money and engaging his business partners in a cover-up. The fraud, according to the government, was happening behind the scenes, while Bankman-Fried’s other firm, Alameda Research, was secretly siphoning money from customer deposits. “The answer is clear: He took the money, he knew it was wrong, he did it anyway,” Roos said. Repeatedly, Bankman-Fried told reporters, customers, investors and lawmakers that customer deposits were safe. As Roos spoke to the jury, Bankman-Fried kept his eyes trained on his laptop, occasionally typing and scrolling.

Persons: Sam Bankman, Nicholas Roos, Fried, Roos, —, ’ Roos, “, ” Roos, ”, Fried “, FTX, Joseph Bankman, Barbara Fried Organizations: New, New York CNN, Bankman, Alameda Research Locations: New York, FTX, Alameda

LONDON (AP) — Scottish authorities have signed an extradition order for an American fugitive accused of faking his own death to avoid a rape charge in Utah. In response to a freedom of information request, the Scottish government on Thursday said an extradition order for the man local officials refer to as Nicholas Rossi had been signed on Sept. 28. U.S. authorities said Rossi is one of several aliases the 36-year-old has used and that his legal name is Nicholas Alahverdian. Political Cartoons View All 1199 ImagesAlahverdian is charged with sexually assaulting a former girlfriend in Orem, Utah, in 2008, according to the Utah County prosecutor’s office. The office said it found complaints alleging Alahverdian abused and threatened women in other states.

Persons: Nicholas Rossi, Rossi, Arthur Knight, Norman McFadyen, Nicholas Alahverdian, Alahverdian Organizations: — Scottish, Scottish, Edinburgh Sheriff Court, Rossi . U.S, Utah County Locations: Utah, United States, Glasgow, Irish, Edinburgh, Rossi ., Orem , Utah, Rhode Island

☆ 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

☆ 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."

The Manhattan federal court filing detailing her connection to Epstein was filed by the government of the U.S. Virgin Islands, which is suing JPMorgan. On Tuesday, newly unsealed court filings by the bank show that Epstein was asked by former U.S. Virgin Islands Gov. A spokesman for the Virgin Islands' Attorney General's Office told CNBC that Epstein's loan to former Gov. The Virgin Islands spokesman also said that "it was the federal government and not the Virgin Islands government that granted the 'U.S. Epstein was not severed as a JPMorgan client for another two years.

Persons: Kathy Ruemmler, William B, Plowman, NBCUniversal, Jeffrey Epstein, Kathryn Ruemmler, Ruemmler, Goldman Sachs, —, Epstein, JPMorgan, Barack Obama, Leslie Groff, Mary Erdoes, Stacey Friedman, litigator, Latham, Watkins, Nicholas Ribis, Donald Trump, Ribis, Virgin, Jes Staley, John de Jongh Jr, Jongh, de, Cecile, General's, de Jongh, John de Jongh, Erdoes, Bear Stearns, Staley Organizations: White, Washington , D.C, Obama White, JPMorgan Chase, JPMorgan, CNBC, U.S ., Virgin, U.S . Virgin Islands Gov, Southern Trust Company, Virgin Islands, Customs, Border, Gov, Virgin Islands Department of Justice, U.S . Customs Locations: Washington ,, Manhattan, Florida, U.S, U.S . Virgin, Latham, Virgin

☆ ‘The greatest feeling in the world’: Deep brain stimulation helps stroke survivor regain independence
▼ + stars: | 2023-08-14 | by ( Jen Christensen | ) edition.cnn.com time to read: +8 min

Nicholas thought he’d be playing for life, but the music stopped for him one night in 2017. About a year after his stroke and after months of PT, his doctors thought that was about all the progress he’d make. After a few months, Nicholas started to realize that the device was helping. He estimates that he’s 40% to 50% better than after physical therapy alone. “I had hope.”Machado believes that deep brain stimulation, in addition to physical therapy, could help improve movement for many more people even years after a stroke.

Persons: Stan Nicholas, Nicholas, he’d, couldn’t, ” Nicholas, it’s, ”, Dr, Andre Machado, Cleveland Clinic, “, ‘, Machado, ” Machado, Nicholas, didn’t, we’ll, Nicholas ’, Sanjay Gupta Organizations: CNN, Nature, CNN Movement, Cleveland, CNN Health Locations: Cleveland, United States

☆ While Navigating Life’s Changes, a Teenage Romance Endures
▼ + stars: | 2023-08-04 | by ( Jenny Block | ) www.nytimes.com time to read: +1 min

They met on Oct. 5, 2009 at Gino’s Pizzeria in Yonkers, N.Y., where both had grown up, when Ms. Amitrano was 16 and Mr. Vazquez was 18. Ms. Amitrano had heard Mr. Vazquez was “quite the ladies’ man,” so she did her best to play it cool, though she found him charming. Both Ms. Amitrano, now 29, and Mr. Vazquez, 31, were seeing other people on and off at the time. They would see one another at parties and, “he tried pursuing me,” Ms. Amitrano said, but they remained friends. “We slowly fell in love over many nights venting and bonding in his car,” Ms. Amitrano said.

Persons: Olivia Grace Amitrano, Nicholas Ryan Vazquez, Amitrano, Vazquez, Ms, “, ” Ms Organizations: Volvo Locations: Yonkers, N.Y

☆ Nicholas Rossi: Scottish court rules rape suspect accused of faking own death can be extradited to US
▼ + stars: | 2023-08-02 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +2 min

CNN —A Scottish court ruled Wednesday that a rape suspect who has been accused of faking his own death can be extradited to the US to face charges, according to UK news agency PA Media. On Wednesday, Sheriff Norman McFadyen told Edinburgh Sheriff Court that Rossi’s extradition “would be compatible with the Convention rights within the meaning of the Human Rights Act 1998,” PA Media reported. McFadyen told the court that he will next send Rossi’s case to Scottish ministers “for their decision whether he is to be extradited,” according to PA Media. Rossi’s lawyer Mungo Bovey had asserted in his closing speech that Rossi’s extradition to the US would serve as a “flagrant breach” of his human rights. Public prosecutor Alan Cameron countered this claim, telling the court there was no evidence that Rossi suffered any conditions that would hinder his extradition, according to PA Media.

Persons: CNN —, Nicholas Rossi, Sheriff Norman McFadyen, McFadyen, “, Rossi, Arthur Knight, Barbara Mundweil, Rossi’s, Mungo Bovey, Alan Cameron Organizations: CNN, PA Media, Sheriff, Edinburgh Sheriff Court, ”, Media, Edinburgh

☆ American Fugitive Who Faked His Death Can Be Extradited, Scottish Court Rules
▼ + stars: | 2023-08-02 | by ( Amanda Holpuch | More About Amanda Holpuch | ) www.nytimes.com time to read: +1 min

Nicholas Rossi, a convicted sex offender who faked his own death and later surfaced in Glasgow, can be extradited to the United States from Scotland to face sexual assault charges in Utah, a court ruled on Wednesday. Mr. Rossi, 36, traveled from the United States to Ireland or Britain in 2017, leaving behind allegations of rape and domestic violence, according to the decision by Sheriff Norman McFadyen in Edinburgh Sheriff Court. Mr. Rossi has used several aliases over the years, including Nicholas Alahverdian, the name he was using when he faked his death in Rhode Island in 2020. He identified himself as Arthur Knight, an Irishman who had never been to the United States, during court hearings in Scotland after his arrest there in December 2021. Sheriff McFadyen said in his 21-page decision that the evidence Mr. Rossi provided about himself in his defense could not be trusted unless it was independently supported.

Persons: Nicholas Rossi, Mr, Rossi, Sheriff Norman McFadyen, Nicholas Alahverdian, Arthur Knight, Sheriff McFadyen Organizations: Sheriff, Edinburgh Sheriff Court Locations: Glasgow, United States, Scotland, Utah, Ireland, Britain, Edinburgh Sheriff, Rhode Island

LONDON, June 16 (Reuters) - The pound was set for its biggest weekly rise in six months on Friday after days of economic data and central bank rate decisions, and ahead of the Bank of England's monetary policy meeting next week. It was up 1.72% since Monday, the biggest weekly increase since early December. "Tuesday's labour market data led Bank rate expectations to spend much of that evening flirting with a terminal (peak) rate closer to 6%," said Nicholas Rees, FX market analyst at Monex Europe. Reuters GraphicsHe said U.S. economic data released on Thursday, which showed weekly jobless claims were higher than expected last week, also helped boost sterling by weighing on the dollar. Sterling rose to its highest level against the yen in eight years following the BoJ's announcement, at 180.83 yen to the pound.

Persons: Nicholas Rees, Rees, Sterling, BoE, they're, Ben Laidler, Farouq Suleiman, Harry Robertson, Angus MacSwan Organizations: Bank, Analysts, Bank of England, FX, Monex, European Central Bank, Bank of Japan, ECB, U.S . Federal, Nationwide Building Society, Thomson Locations: Monex Europe, lockstep, Britain

☆ Bats carry killer viruses. Scientists suggest ways to cope.
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +6 min

“I have to think on a landscape scale.”Research in Australia also is deepening scientists’ understanding of bats. Flying foxes travel long distances in search of food, dispensing seeds and pollinating trees along the way. As deforestation destroyed habitats and further disrupted the food supply, the bats have increasingly formed year-round roosts near people, they noticed. Native gums flowering around Gympie lured the flying foxes away from horse paddocks and more urban areas. In fact, the most dangerous areas for spillover aren’t rare, pristine habitats absent of humans, scientists say.

The complaint was sent to the US judges' Committee on Financial Disclosure. For now, questions about Thomas's previously undisclosed financial dealings with Harlan Crow, a billionaire Texas real-estate developer, will fall to an obscure committee of sixteen federal judges — the Committee on Financial Disclosure. Koszczuk said the same letterhead was routinely sent to any member of the public who asked for a judge's financial disclosure report. When Ranjan wrote his article, a review of a Thomas biography, the controversies surrounding Thomas had nothing to do with his financial disclosures. Judges' financial disclosures are only updated annually, and until recently, it wasn't easy to get ahold of them.

☆ The FBI is struggling to analyze Sam Bankman-Fried's laptop because it has so much data on it, prosecutors say
▼ + stars: | 2023-03-30 | by ( Sindhu Sundar | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Prosecutors said they're struggling to analyze a laptop for their case against Sam Bankman-Fried. Sam Bankman-Fried pleaded not guilty to federal prosecutors' new criminal charges against him. In a hearing in Manhattan federal court Thursday morning, Assistant US Attorney Nicholas Roos said the FBI was struggling to extract data from a laptop they obtained from the FTX founder. Prosecutors have already produced around 6 million pages' worth of discovery material to Bankman-Fried's legal team, Roos said at the hearing. Federal judges look to sentencing guidelines articulated by a pre-sentence department, part of the US probation office that works for the federal court.

☆ Southwest passengers describe people vomiting and passing out during aborted landing in heavy turbulence. They were then left at an empty terminal at another airport.
▼ + stars: | 2023-03-06 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

A Southwest flight had to abort landing in North Carolina on Friday night due to bad weather. Passengers told local media that severe turbulence prompted people to throw up and pass out. We had the window open in our seat so we could actually see the ground," Reed told CBS 17. "We couldn't go anywhere because they wouldn't give us our luggage," Reed told CBS 17. Southwest Airlines told Insider in a statement: "We made the decision to safely divert Southwest flight 3094 (BWI - RDU) to Myrtle Beach International Airport (MYR) due to adverse weather conditions at Raleigh-Durham International Airport (RDU)."

☆ I got a job on Netflix's 'Next in Fashion' by DMing a producer on Instagram. Here's what my job is like as a stylist
▼ + stars: | 2023-03-03 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +12 min

She landed a stylist job on season 2 of 'Next in Fashion' after dropping out of fashion school. I wouldn't have been able to land my first major stylist job at New York Fashion Week if I had been at school. Three days later, he called and said he was on the New York Fashion Week calendar, and asked if I would style his show. These are a few models I styled for Nicholas Raefski’s Fall/Winter 2022 presentation at New York Fashion Week. I was allowed to make TikTok content on the Netflix set, as long as I didn't give away anything creatively.

☆ Sam-Bankman Fried to be released on $250 million bail and will be required to stay with parents ahead of FTX trial
▼ + stars: | 2022-12-22 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

Sam Bankman-Fried was granted release on $250 million bail at a court hearing Thursday. He will be required to surrender his passport and stay with his parents ahead of a federal trial on a list of charges tied to the failure of FTX. Bankman-Fried will be required to attend a court hearing in California at 10 a.m. Friday, Gorenstein ruled. Another court hearing is scheduled for January 3 in Manhattan, where Bankman-Fried is expected to enter a plea. Criminal allegations against Ellison and Wang, first filed on December 19, were unsealed in court on Thursday morning ahead of Bankman-Fried's court appearance.

☆ How one data scientist is creating technology that helps people communicate across languages
▼ + stars: | 2022-12-13 | by ( Sponsor Post | Created Insider Studios With Ibm | ) www.businessinsider.com time to read: +5 min

Nick Renotte, data science and AI specialist at IBM, believes tech has the power to improve how people communicate. Renotte is a driving force behind making technology that bridges communication gaps, such as helping businesses better serve their customers and making sign language more accessible. He works as a data science and AI technical specialist for IBM, focusing on artificial intelligence, machine learning, and deep learning technology. "A big part of what I aim to do is to make the world just a little better," Renotte said. "Let's say you don't actually speak sign language ... we can use models to translate it for you.

WASHINGTON — If it’s Monday ... It’s the last day of campaigning before tomorrow’s Georgia Senate runoff. ... NBC’s Vaughn Hillyard covers the closing messages by Democrat Raphael Warnock and Republican Herschel Walker. And just looking at the campaigns, which get the biggest bang per advertising buck, it’s Warnock at $25.2 million, versus Walker at $10.1 million. But now it’s $11.8 million — behind Warnock’s $25 million and the $20.3 million from Georgia Honor, a Democratic Super PAC. Runoff watch: Walker accuser speaks to NBC NewsDays after she first revealed an allegation of domestic abuse against Georgia Republican Senate hopeful Herschel Walker, a former girlfriend of his sat down with NBC News to detail those allegations.

☆ These are JPMorgan's top stock picks for December
▼ + stars: | 2022-12-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

JPMorgan has unveiled its top picks for December, as traders try to wrap up a tumultuous year on a strong note. JPMorgan's price target of $26 per share implies an upside of 12.9% from Friday's close. "The stock offers good value in the already discounted strip center sector, and we see its self-funded redevelopment program as driving NAV/FFO growth over time," said Nicholas Rosato, JPMorgan's head of North America equity research. "We like GWRE for its scale, focus on large Tier carriers, visible cloud market share gains and high liquidity of shares," Rosato said. Dollar Tree , TransUnion and Mirati Therapeutics remained among JPMorgan's top picks, along with Amazon, Public Storage, S & P Global and Allstate.

☆ Man arrested at Scottish hospital last year is U.S. fugitive who faked his own death, court rules
▼ + stars: | 2022-11-11 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +2 min

A man who was arrested in a Scottish hospital last year is in fact an American fugitive who faked his own death to avoid rape and sexual assault charges, a court ruled Friday. Nicholas Rossi, 35, has spent over a year trying to convince authorities that he is Arthur Knight, an orphan from Ireland who has never been to the U.S. “In 2018 the DNA profile from the Utah sexual assault came back as a match to a sexual assault case in Ohio,” Leavitt said in a statement in January. An Interpol red notice, with pictures of the wanted man, including images of his tattoos and fingerprints, helped officers from Police Scotland identify him. Leavitt admitted in January that Rossi would still probably be living “off the grid” had he not contracted Covid and required medical care.

☆ JPMorgan says these 8 energy stocks have huge 'upside potential' amid painful rate hikes – and breaks down 2 others that allows investors to cash in near-term
▼ + stars: | 2022-11-02 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

While the S&P 500 is down nearly 20% year-to-date, its energy sector is up about 60% so far in 2022. JPMorgan recommends these 8 Russell 2000-listed energy stocks amid a harsh macro backdrop. Amid the central bank's monetary tightening to combat near 40-year high inflation, stocks continue their downtrend. Energy stocks, in particular, could be a nice buying opportunity as the US economy appears to be heading toward a recession. With a mix of both growth and value stocks, JPMorgan recommends these 10 Russell 2000-listed stocks amid harsh macro conditions.

☆ Jan. 6 defendant spared prison after judge finds his Asperger's Syndrome played a part in him joining the riot
▼ + stars: | 2022-10-27 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

A January 6 defendant who broke two windows in the Capitol was spared prison on Wednesday. A federal judge sentenced Nicholas Rodean to home confinement instead, Politico reported. The judge said that Rodean's Asperger's Syndrome influenced him to join other rioters that day. But on Wednesday, US District Court Judge Trevor McFadden sentenced him to 240 days of home confinement instead, saying that his Asperger's Syndrome made him "particularly susceptible" to the influences that day, Politico reported. "I am really sorry about breaking the window," Rodean told McFadden, according to Politico.

☆ NHL roundup: Sabres top Flames behind Alex Tuch's hat trick
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +8 min

Mandatory Credit: Sergei Belski-USA TODAY SportsOctober 21 - Alex Tuch produced his first career hat trick to help the visiting Buffalo Sabres earn a 6-3 win against the Calgary Flames on Thursday. Dylan Cozens and Casey Mittelstadt each added a goal and an assist while Rasmus Dahlin also scored for the Sabres. Register now for FREE unlimited access to Reuters.com RegisterTuch extended his goal streak to three games 46 seconds into the second period. Dahlin has scored in each of the Sabres' first four games, the longest season-opening goal streak by a blue-liner in NHL history. The Canadiens also got first period goals from Josh Anderson, Cole Caufield and Brendan Gallagher to get off to a 5-0 start.

☆ Thanks to a new rule, you can now save thousands buying over-the-counter hearing aids at stores like Walmart, Best Buy, or CVS
▼ + stars: | 2022-10-17 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +5 min

The FDA estimates that the OTC hearing aids can lower the average cost of a pair of hearing aids by $3,000. Not all private healthcare plans pay for exams for hearing aids, according to the American Speech-Language-Hearing Association, and Medicare doesn't cover hearing aids or hearing-aid fittings. Creed said it's important that people know OTC hearing aids are not replacing prescription hearing aids, and they don't minimize the importance of working with an audiologist or medical professional to get hearing aids. WalmartBest Buy will have around 20 different kinds of hearing aids online this week, and will sell hearing aids in around 300 stores by the end of October. If the company were to eventually sell AirPods as hearing aids, they would likely be less expensive than a pair of traditional hearing aids and break stigmas around wearing hearing aids, Dr. Nicholas Reed, an audiologist at Johns Hopkins told the WSJ last year.

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