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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 built crypto empire on 'pyramid of deceit,' prosecutors say in closing
▼ + stars: | 2023-11-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

FTX Founder Sam Bankman-Fried leaves Manhattan Federal Court after a court appearance on June 15, 2023 in New York City. The main thing the jury has to decide, Roos said, is whether Bankman-Fried knew that taking the money was wrong. "It was uncomfortable to hear," Roos said, adding that Bankman-Fried said "I can't recall" over 140 times during questioning by the government. Roos said Bankman-Fried is the one who gave special privileges to Alameda, which he started before founding FTX, allowing it to siphon customer money. In referencing the Super Bowl picture with Katy Perry and others, Roos called Bankman-Fried a "celebrity chaser."

Persons: Sam Bankman, Michael M, they've, FTX, Nicolas Roos, Roos, there's, Fried, Caroline Ellison, Bankman, Gary Wang, Danielle Sassoon, Jane Rosenberg, Mark Cohen, he'd, Judge Lewis Kaplan, Ellison, didn't, Singh, Katy Perry, —, Dawn Giel Organizations: Santiago, Getty, Prosecutors, Stanford, Massachusetts Institute of Technology, Alameda Research, Reuters, Miami Heat, MIT, FTX, Skybridge Locations: Manhattan, New York City, Alameda, U.S, California, Hong Kong, Roos's, Bahamas, Bankman

☆ Former FTX engineer tells jury about panicky rooftop meeting where he learned how bad things were
▼ + stars: | 2023-10-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

During that exchange, Singh said he learned from Wang that Alameda was borrowing $13 billion from FTX. Singh asked about the size of the shortfall, and Bankman-Fried said that was the wrong question to be asking. After Singh asked if he would finally agree to curb spending, Bankman-Fried said, "Yes, definitely." There, Singh told the jury, he thought he might quit but instead asked Bankman-Fried for a real sense of how things went on the overseas trip. Singh told the jury that he faces a max of 75 years in prison but is "hoping for no jail time."

Persons: Singh, Caroline, Fried, Caroline Ellison, Gary Wang, Nishad Singh, Sam Bankman, Nicolas Roos, I'm, wasn't, Ramnik Arora, Anthony Scaramucci, he'd, Bankman, Dawn Giel Organizations: Alameda, Alameda Research, U.S, Federal Court Locations: Bahamas, Alameda, Wang, Manhattan, FTX, New York City, New York, Bankman

☆ FTX top engineer testifies Bankman-Fried spent $1.13 billion on celebrities and sponsorships
▼ + stars: | 2023-10-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

She was preceded by Bankman-Fried's former close friend and college roommate Gary Wang, who was an FTX co-founder. In response to questions from Assistant U.S. Attorney Nicolas Roos, Singh said he frequently went to Bankman-Fried to voice his concerns over the company's spending. He told the court that he would tell Bankman-Fried he was "embarrassed" and "ashamed," and that the level of spending "reeked of excessiveness" and "flashiness." Bankman-Fried faces seven criminal counts related to the collapse of FTX and Alameda, including wire fraud, securities fraud and money laundering that could put him in prison for life. At the time, Singh pleaded guilty to six charges, including conspiracy to commit securities fraud, conspiracy to commit money laundering and conspiracy to violate campaign finance laws.

Persons: Nishad Singh, FTX's, Sam Bankman, Singh, Caroline Ellison, Gary Wang, Nicolas Roos, Fried, He's, Ellison, Gabe Organizations: Alameda Research, U.S, University of California, Facebook, Alameda Locations: Manhattan, FTX, Alameda, Bay, Bankman, Berkeley

☆ Meet the Main Players in the FTX Trial
▼ + stars: | 2023-10-10 | by ( Wsj Staff | ) www.wsj.com time to read: 1 min

The ProsecutionFederal prosecutors say Bankman-Fried is the architect of one of the biggest financial frauds in U.S. history. They say he stole billions of dollars from FTX customers, using the funds to enrich himself, fund venture investments and make campaign contributions. The prosecution is led by Danielle Sassoon and Nicolas Roos, assistant U.S. attorneys. Yuki Iwamura/Bloomberg News

Persons: Danielle Sassoon, Nicolas Roos, Yuki Iwamura Organizations: Bloomberg

"Assets were not fine, because FTX did not have enough assets for customer withdrawals." On Friday, Wang testified that on Nov. 6, 2022, FTX executive Nishad Singh knocked on his door and told him customers were trying to withdraw their money faster than FTX could process the transactions. He said no other FTX users had those special privileges, which the exchange did not disclose to its investors or customers. After FTX declared bankruptcy on Nov. 11, 2022, Wang testified that at Bankman-Fried's direction, he turned over some remaining FTX customer assets to the Bahamas, where FTX was based. Wang said Bankman-Fried said liquidators and regulators there were more amenable to letting him stay in charge of FTX.

Persons: Sam Bankman, Fried, Nicolas Roos, Gary Wang, Jane Rosenberg, FTX, Wang, FTX's, Nishad Singh, CoinDesk, Bankman, WANG, District Judge Lewis Kaplan, Christian Everdell, Caroline Ellison, Alameda's, Mark Cohen, Sam, Jody Godoy, Luc Cohen, David Gregorio, Nick Zieminski, Matthew Lewis Organizations: U.S, Federal Court, REUTERS, Alameda Research, Washington , D.C, District, Bankman, Thomson Locations: FTX, New York City, U.S, Manhattan, Washington ,, Alameda, Bahamas, Fried, United States, New York

☆ Sex, Signal messages and sabotage: SBF's top execs and Bahamas roommates tell all in court
▼ + stars: | 2023-10-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

"Sam Bankman-Fried," he said. Wang said that in response to the reporting an emergency meeting was called between Bankman-Fried, Wang and Singh, to discuss shutting down Alameda. On Nov. 12, after FTX declared bankruptcy, Bankman-Fried asked Wang to drive with him to the Bahamas Securities Commission for a meeting. Yedidia said Bankman-Fried had told him, before he began working in the Bahamas in 2019, that he and Ellison had sex. Bankman-Fried asked Yedidia if it was a good idea for them to date, to which Yedidia said no.

Persons: Adam Yedidia, Sam Bankman, Jane Rosenberg, —, Gary Wang, Nicolas Roos, Wang, FTX, Nishad Singh, Caroline Ellison, Mr, Roos, Ellison, Fried, Reuters Wang, District Judge Lewis Kaplan, Singh, Yedidia, Bankman, Sam, Christian Everdell, he's, I'm, Matt Huang, Yuki Iwamura, Huang, Dawn Giel Organizations: Federal Court, Reuters, MIT, U.S, Alameda Research, District, Prosecutors, Bahamas Securities Commission, Massachusetts Institute of Technology, Google, Alameda, United, Paradigm, FTX, Bloomberg, Getty Locations: FTX, New York City, Bahamas, Manhattan, U.S, Alameda, Bahamian, New York, China, Minnesota, FTX's Hong Kong, Nassau, Bankman

☆ FTX co-founder admits he and Sam Bankman-Fried committed fraud
▼ + stars: | 2023-10-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —A key witness for prosecutors in the trial of Sam Bankman-Fried testified that both he and Bankman-Fried committed multiple financial crimes related to their oversight of now-bankrupt crypto exchange FTX. Gary Wang, who co-founded FTX with Bankman-Fried, told jurors — in compliance with an earlier plea deal — that he was guilty of wire fraud, securities fraud and commodities fraud, and that he committed those crimes under the direction of Bankman-Fried. Alameda’s ‘unlimited’ slush fundUnlike regular customers of FTX — a platform for individual investors and institutions to trade crypto — Alameda was allowed to run a negative balance and make “unlimited withdrawals” from FTX customers, Wang said. In response, “Sam said something like, ‘We were bulletproof last year; we’re not bulletproof this year,’” Yedidia told the jury. The $8 billion represented the money that FTX customers would be owed if they decided to withdraw their deposits, Yedidia said.

Persons: Sam Bankman, Fried, Gary Wang, Wang, FTX, haven’t, Mark Cohen, Nicolas Roos, ” Wang, empaneled, ‘, Adam Yedidia, Yedidia, SBF, “ Sam, ’ ” Yedidia, “, Sam, ” Yedidia, MIT undergrads, ” Organizations: New, New York CNN, Alameda Research, Prosecutors, MIT Locations: New York, Alameda, FTX

REUTERS/Jane Rosenberg Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW YORK, Oct 3 (Reuters) - Sam Bankman-Fried's father and brother, as well as Donald Trump's former spokesman Anthony Scaramucci, are among possible witnesses at the cryptocurrency exchange founder's fraud trial, according to a list read by a prosecutor in court on Tuesday. There is no guarantee that Scaramucci, Bankman-Fried's father Joseph Bankman or his brother Gabriel Bankman-Fried will testify during the trial, which is expected to last six weeks and kicked off on Tuesday with jury selection. Prosecutor Danielle Sassoon read the list of dozens of names - which included both proposed prosecution and defense witnesses - to see if any prospective jurors knew them. Scaramucci's alternative investment firm SkyBridge Capital once owned a stake in FTX, Bankman-Fried's cryptocurrency exchange which declared bankruptcy in November 2022 amid a flurry of customer withdrawals. The now-bankrupt fund is fully owned by Bankman-Fried and former FTX executive Gary Wang, court filings show.

Persons: Sam Bankman, Fried, Christian Everdell, Jane Rosenberg, Donald Trump's, Anthony Scaramucci, Joseph Bankman, Gabriel Bankman, Danielle Sassoon, District Judge Lewis Kaplan, Bankman, Kaplan, Gary Wang, Nicolas Roos, Caroline Ellison, Nishad Singh, Ellison, Jody Godoy, Luc Cohen, Amy Stevens, Lincoln, Nick Zieminski Organizations: Federal Court, REUTERS, SkyBridge, Alameda Research, District, Insight Partners, Bankman, Manhattan U.S, Thomson Locations: FTX, New York City, U.S, Alameda, Alameda ., New York

Companies Champion Trust Llc FollowNEW YORK, Oct 3 (Reuters) - Sam Bankman-Fried's fraud trial got under way with jury selection on Tuesday, nearly a year after his now-bankrupt cryptocurrency exchange's collapse shocked markets and tattered his reputation. He was dressed in a suit and tie, with his once signature curly, unkempt hair cut into a neater trim. Bankman-Fried's is the highest profile case U.S. prosecutors have so far brought against a former cryptocurrency executive. Prosecutors say Bankman-Fried built that reputation on lies and bolstered it with endorsements from celebrities and star athletes. He will be brought to court early on most days to allow him to prepare with his lawyers.

Persons: Sam Bankman, District Judge Lewis Kaplan, Kaplan, Bankman, Fried, Nicolas Roos, Mark Cohen, Caroline Ellison, Gary Wang, Nishad Singh, Ellison, Jody Godoy, Luc Cohen, Amy Stevens, Lincoln, Nick Zieminski Organizations: District, Alameda Research, Manhattan U.S, Prosecutors, Thomson Locations: Manhattan, FTX, 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

☆ 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."

☆ Suspect in Rotterdam shootings had troubled past, targeted victims
▼ + stars: | 2023-09-29 | by ( Bart Biesemans | ) www.reuters.com time to read: +3 min

[1/4] FILE PHOTO-A general view shows the house of a victim of a shooting in Rotterdam, Netherlands, September 28, 2023. Law enforcement sources confirmed the 32-year-old suspect's name as Fouad L., with his surname not publishable under Dutch privacy laws. The prosecutor's spokesperson confirmed the authenticity of a letter from prosecutors to the EMC circulating on Dutch media. It described the suspect having "psychotic behaviour" and alcohol troubles as well as complaints from neighbours over his treatment of animals. Rotterdam's chief prosecutor Hugo Hillenaar said on Thursday the suspect had a history of police run-ins.

Persons: de, Prosecutors, Stefan Sleijfer, Fouad L, Roos Bonnier, Hugo Hillenaar, Toby Sterling, Anthony Deutsch, Philippa Fletcher Organizations: REUTERS, Rights, Erasmus University Medical Centre, EMC, Reuters, Erasmus Medical Center, Thomson Locations: Rotterdam, Netherlands, Rights ROTTERDAM

☆ LSEG explores blockchain for cross-asset digital 'ecosystem'
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +2 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/file photo Acquire Licensing RightsSept 4 (Reuters) - London Stock Exchange Group (LSEG.L) is looking into using blockchain to build what it described on Monday as "an end-to-end digital market ecosystem to raise and transfer capital across asset classes". Blockchain, best known as the technology underpinning cryptocurrencies such as bitcoin and other crypto assets, is a digital ledger which records and verifies transactions. LSEG's move comes as a number of mainstream financial institutions are talking about the potential for blockchain to streamline the process of issuing and trading financial assets. "The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent .

Persons: Toby Melville, Murray Roos, Roos, LSEG, Akanksha, Radhika Anilkumar, Savio D'Souza, Rashmi Aich, Alexander Smith Organizations: London Stock Exchange, REUTERS, Financial Times, Reuters, Treasury, Thomson Reuters, Thomson Locations: Canary Wharf, London, Britain, LSEG, Bengaluru

☆ LSE Group draws up plans for blockchain-based digital assets business - FT
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +2 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/file photo Acquire Licensing RightsSept 4 (Reuters) - The London Stock Exchange Group (LSEG.L) has drawn up plans for a new digital markets business to offer extensive trading of traditional financial assets on the blockchain technology known for powering cryptocurrency, the Financial Times reported. LSEG is considering using a separate legal entity for the digital markets business, the report said on Monday, adding that it hoped to have it running within the next year, subject to regulatory approvals. The London Stock Exchange Group did not immediately respond to a Reuters request for comment. The reported move comes at a time when a number of mainstream financial institutions are talking about the potential for blockchain to streamline the process of issuing and trading financial assets.

Persons: Toby Melville, Murray Roos, Blockchain, Roos, Akanksha, Savio D'Souza, Rashmi Organizations: London Stock Exchange, REUTERS, Financial Times, LSE Group, LSE, Treasury, London Stock Exchange Group, Thomson Reuters, Reuters, Thomson Locations: Canary Wharf, London, Britain, LSEG, Bengaluru

HAVANA, Sept 1 (Reuters) - Representatives of 14 western creditor nations, grouped in the Paris Club, were in Cuba this week to salvage a debt agreement with the import dependent country which is expected to default on payments for a fourth consecutive year. William Roos, co-chairman of the Paris Club, had said on Wednesday that he proposed a plan which apparently was rejected. The 2015 Paris Club agreement forgave $8.5 billion of the $11.1 billion in sovereign debt Cuba defaulted on in 1986. Cuba, which last reported foreign debt of $19.7 billion for 2020, has restructured debt with Russia, China and some other creditors since then. The Cuba group of the 22-member Paris Club, which manages old sovereign debt, comprises Australia, Austria, Belgium, Canada, Denmark, Finland, France, Britain, Italy, Japan, the Netherlands, Spain, Sweden and Switzerland.

Persons: ”, William Roos, Ricardo Cabrisas, Cabrisas, Marc Frank, Kirsten Donovan Organizations: Paris Club, Investment, Cooperation, Communist, Gross, Reuters, International Monetary Fund, World Bank, Thomson Locations: HAVANA, Cuba, Paris, Russia, China, Caribbean, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Britain, Italy, Japan, Netherlands, Spain, Sweden, Switzerland

Two of Australia’s largest grassroots Indigenous football bodies – Indigenous Football Australia (IFA) and the Australian Indigenous Football Council (AIFC) – say there’s no funding for Indigenous football in Legacy ’23, the 357 million Australian dollar ($228 million) post-tournament fund dedicated to growing soccer in Australia. By contrast, the AIFC oversees state and territory Indigenous football councils and organizes the First Nations Indigenous Football Championships and teams who play as the Indigenous Roos and Koalas. The AIFC recently signed a “Football Treaty” with New Zealand equivalent, Māori Football Aotearoa, and Gilbert wants to create a World Indigenous Football Council and Indigenous World Cup, independently of FIFA. Pickering-Parker seems more hopeful that the World Cup will bring more funding to his small team of volunteers: “Right now. If hosting a Women’s World Cup isn’t going to do it, I don’t know what else is,” she said.

Persons: “, that’s, it’s, ”, Ros Moriarty, James Johnson, Karen Menzies, John Maynard, “ I’ll, I’m, I’ll, Maynard, –, who’ve, Asanka Brendon Ratnayake, Moriarty Football, John’s, Moriarty, ” Lawrence Gilbert, Gilbert, ” John Moriarty, John Moriarty, Johnson, We’ve, It’s, Jennifer Pickering, Tai Tokerau, “ You’re, ” Pickering, Claudia Bunge, Michaela Foster, Mathias Bergeld, Phillip Pickering, Parker, Pickering, Kyah Simon, who’s, Lydia Williams, Williams, ” Williams, Matt King, Australia’s, That’s, crowdfunding, NIAG, we’ve, Menzies, we’re, … Organizations: Sydney CNN —, Indigenous Football Australia, IFA, Australian Indigenous Football Council, Indigenous, Moriarty Foundation, Football Australia, CNN Sport, FIFA, Indigenous Advisory, CNN, Aboriginal Soccer Tribe, UNICEF Australia First Nations, Aboriginal, Torres Strait, Elders, Commonwealth, First, First Nations, Reuters, Australian, soccer team, ” John Moriarty Football, New South, Nations Indigenous Football, Indigenous Roos, Treaty, Māori Football Aotearoa, Indigenous Football Council, Nations Australian, Nations, . New Zealand, ”, New Zealand Football, AFL, Australian Football League, Sydney Football Stadium Locations: Australia, New Zealand, Brisbane, New South Wales, Koalas, Tai, New, ., Norway, Kalgoorlie, Western Australia, Perth, “

☆ Springboks change 14 for Argentina rematch in Buenos Aires
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +3 min

He has continued to cast his net wide and manage the minutes of the players with a further 14 changes for Saturday’s test. The only one to retain their place is flyhalf Manie Libbok, with regular starter Handre Pollard still working his way back from injury. Jasper Wiese is in at number eight, with versatile loose-forwards Franco Mostert and Deon Fourie on the side of the scrum. "There is not a player in our enlarged squad who is fully confident that he will be in the World Cup squad, so the competition for places is intense." The Boks scraped a barely deserved win at Ellis Park on Saturday as they withstood intense pressure from Argentina, and will expect a backlash from the home side.

Persons: Manie Libbok, Andrew Boyers, Hooker Bongi Mbonambi, Gerhard Steenekamp, Jacques Nienaber, Handre Pollard, Fullback Damian Willemse, Canan Moodie, Makazole Mapimpi, Lukhanyo, Andre Esterhuizen, Cobus Reinach, Thomas du Toit, Trevor Nyakane, Marvin Orie, Jean Kleyn, Jasper Wiese, Franco Mostert, Deon Fourie, Nche, Nienaber, Damian Willemse, – Jasper Wiese, – Deon Fourie, Mbonambi, Joseph Dweba, – Vincent Koch, Jean, Luc du Preez, Evan Roos, Herschel Jantjies, Jesse Kriel, Kurt, Lee Arendse, Nick Said, Christian Radnedge Organizations: Rugby Union, International, England, South Africa, Twickenham, Rugby World, Argentina, Springbok, Rugby, Fullback, Ireland, South African Rugby, World, Ellis, Thomson Locations: South, London, Britain, Africa, Buenos Aires, New Zealand, Johannesburg, Mbonambi, France, Argentina

Companies Mirati Therapeutics Inc FollowNEW YORK, July 26 (Reuters) - The British billionaire Joe Lewis pleaded not guilty on Wednesday to orchestrating what prosecutors called a "brazen" insider trading scheme by passing tips about companies in which he invested to friends, private pilots and a former girlfriend. Two of Lewis' pilots, Patrick O'Connor and Bryan Waugh, also pleaded not guilty to related insider trading charges, after being accused of making millions of dollars in illegal profit from Lewis' tips. British billionaire and Tottenham Hotspur owner Joe Lewis exits the United States Courthouse in Manhattan, following his appearance on insider trading charges, in New York City, U.S., July 26, 2023. Insider trading has long been a focus of Williams' office, dating to 2009 when a crackdown began under one of his predecessors, Preet Bharara. Separately on Wednesday, the U.S. Securities and Exchange Commission filed a civil insider trading case against Lewis, O'Connor, Waugh and Lewis' former girlfriend Carolyn Carter.

Persons: Joe Lewis, Lewis, Valerie Figueredo, Nicolas Roos, Patrick O'Connor, Bryan Waugh, David Zornow, O'Connor, Waugh, O'Connor texted, Mirati, Amr Alfiky Mirati, Prosecutors, Damian Williams, Williams, Preet Bharara, Carolyn Carter, Carter, Gurbir Grewal, Luc Cohen, Jonathan Stempel, Jody Godoy, Chris Prentice, Chizu Nomiyama, Daniel Wallis Organizations: Mirati Therapeutics, Tottenham Hotspur, Aviva, Tavistock Group, Forbes, Tottenham, Prosecutors, United, REUTERS, U.S, Attorney, U.S . Securities, Exchange Commission, SEC, Thomson Locations: British, Manhattan, United States, New York City, U.S, New York, Virginia, South Korea

☆ Golf, Aussie-style: How to play alongside crocodiles, snakes and kangaroos
▼ + stars: | 2023-07-04 | by ( Jack Bantock | ) edition.cnn.com time to read: +10 min

Steve Storm / Anglesea Golf ClubWater hazardsThere is no need for a no-petting rule for other animals that commonly inhabit Australian golf course – chief among them, crocodiles. “Everyone asks about crocodiles – some out of fear, others excitement,” Half Moon Bay’s general manager Tim Mackrill told CNN. Half Moon Bay Golf ClubOperating in the course’s favor is a “crocwise” nature built into the majority of the club’s players. The last big crocodile to be removed by rangers from Half Moon Bay was in 2019. Half Moon Bay Golf ClubHissing holeSometimes though, it’s inquisitive wildlife that brings potential danger to patrons.

Persons: ‘ Roos, ‘ roos, It’s, Marg Lacey, …, ” Anglesea, ” Lacey, roos, you’ve, ”, Steve Storm, Tim Mackrill, ” Mackrill, Amanda Jayne, Jayne, Jayne’s, Luke Goodier, ” Jayne, it’s Organizations: CNN, Golf, “, birdlife, The Locations: Australia, Melbourne, –, England, Australian, Northern Territory, Queensland, Cairns, Eastern Australia

☆ 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.

☆ Judge concerned Sam Bankman-Fried is too ‘technologically savvy,’ could find a way around tech restrictions
▼ + stars: | 2023-03-10 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +2 min

CNN —United States District Judge Lewis Kaplan indicated at a hearing Friday he might modify FTX founder Sam Bankman-Fried’s bail conditions, but only after attorneys further tighten the restrictions on Bankman-Fried’s access to technology. Kaplan said he’s still not convinced that the founder of bankrupt crypto trading platform FTX wouldn’t be able to circumvent the more-restrictive bail conditions that were filed last week. “If he’s determined and inventive and I suspect he’s very inventive and technologically savvy he could find a way around it and conceivably not get caught,” Kaplan said in court Friday. Bankman-Fried, who did not attend Friday’s hearing, is currently under house arrest at his parents’ home in Palo Alto, Calif. Judge Kaplan asked the defense to submit an updated bail modification order that would tighten the restrictions to address his concerns.

☆ Sam Bankman-Fried's lawyers agreed to pay for an expert to explain VPNs and disappearing messages to the judge in his case
▼ + stars: | 2023-02-22 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried has been banned from using VPNs and auto-deleting messaging apps while on bail. Judge Lewis Kaplan then warned about sending the FTX cofounder back to jail over his use of electronics. And now Bankman-Fried's lawyers have agreed to pay for a technology expert to advise the 78-year-old judge. The letter, signed by Bankman-Fried's attorney Christian Everdell and viewed by Insider, said lawyers agreed to the appointment of "an independent technical expert, paid for by the defense, to advise the Court on technical issues concerning Mr. Bankman-Fried's bail conditions." The 78-year-old judge then proposed that the defense pay for an expert to advise him on VPNs and other technical matters related to Bankman-Fried's bail conditions, per CNN.

Ellison and FTX co-founder Gary Wang both pleaded guilty and are cooperating with prosecutors as part of their plea agreements. Roos said Bankman-Fried carried out a "fraud of epic proportions" that led to the loss of billions of dollars of customer and investor funds. Bankman-Fried has acknowledged risk-management failures at FTX but said he does not believe he has criminal liability. A flurry of customer withdrawals in early November amid concerns about commingling of FTX funds with Alameda prompted FTX to declare bankruptcy on Nov. 11. Bankman-Fried was arrested in the capital Nassau on Dec. 12 and arrived in the United States on Wednesday after consenting to extradition.

Companies Ledgerx LLC FollowNEW YORK, Dec 22 (Reuters) - Sam Bankman-Fried was released on a $250 million bond package on Thursday while he awaits trial over the collapse of the FTX crypto exchange, which a U.S. prosecutor called a "fraud of epic proportions." His defense lawyer, Mark Cohen, declined to comment after the hearing in Manhattan federal court. U.S. Magistrate Judge Gabriel Gorenstein set Bankman-Fried's next court date for Jan. 3, 2023, before U.S. District Judge Ronnie Abrams, who will handle the case. The bond is meant to ensure that if Bankman-Fried flees, the government could confiscate the family's assets - including their Palo Alto home - up to $250 million. Details of their cooperation were kept under wraps until Bankman-Fried left the Bahamas, according to court papers filed on Thursday.

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