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☆ From threatening skeptical execs to approving expenses with emojis, here are the 6 most damning claims from FTX's first debtors report
▼ + stars: | 2023-04-10 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +7 min

Sam Bankman-Fried threatened FTX employees who voiced concerns about its business practices. The report, which is 45 pages long, compiled interviews of 19 former FTX employees and "received substantial information through counsel" for five others. 1) SBF threatened FTX execsMultiple FTX execs were threatened after voicing concerns over the company's business practices. As a result, the report says: "Senior FTX Group personnel scrambled to cobble together purported policies that could be shown to auditors. One former executive described Singh's and Wang's oversight on FTX Group as: "If Nishad [and Gary] got hit by a bus, the whole company would be done."

☆ India hunts Sikh preacher who has revived calls for homeland
▼ + stars: | 2023-03-21 | by ( Krishn Kaushik | ) www.reuters.com time to read: +4 min

Top Punjab police officer Sukhchain Gill told Reuters that Singh had set up a militia called Anandpur Khalsa Fauj. Singh has said striving for a separate country, that Sikhs call Khalistan, was not an anti-democratic and should not be taboo. Sikh militants complaining of unfair treatment on the part of the central government began agitating for a separate homeland in the 1970s. Singh had become popular through social media during drawn protests in 2020-21 by thousands of farmers from Punjab, many of them Sikh, against agricultural reforms. Sikh militants were blamed for the 1985 bombing of an Air India Boeing 747 flying from Canada to India in which all 329 people on board were killed.

☆ That groggy feeling when you wake up might be sleep inertia: 3 ways to prevent it
▼ + stars: | 2023-03-17 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

In honor of World Sleep Day, we asked Singh how to start each day feeling well-rested, and fortunately there are things you can do day-to-day to keep sleep inertia at bay. And no one's exempt from sleep inertia, says Singh, who is also a sleep expert for SleepFoundation.org and co-author of " Sleep to Heal: 7 Simple Steps to Better Sleep ." Scientifically, "sleep inertia refers to the temporary degradation of alertness and performance," says Dr. Abhinav Singh , sleep physician and medical director of the Indiana Sleep Center. "If you have poor quality of sleep [and] poor quantity of sleep, that can leave you feeling more sleep inertia," he says. 'Avoid social jet lag'Preventing sleep inertia doesn't just boil down to the amount of hours that you sleep each night.

☆ FTX's former chief engineer hands over his $3.7 million vacation home to the US government as it's believed to be linked to his crimes, report says
▼ + stars: | 2023-03-10 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

FTX's Nishad Singh forfeited a $3.7 million vacation home to the US government, Bloomberg reported. The SEC accused Singh of withdrawing $6 million from FTX for personal expenditure. Singh pleaded guilty to six criminal counts including wire fraud and conspiracy charges in February. The Securities and Exchange Commission separately accused Singh of creating a code that allowed Bankman-Fried to easily divert the funds to Alameda. They also accused him of taking $6 million from FTX for personal expenditure and making donations to charity.

☆ Trudeau's TikTok ban to curb social media reach of opposition leaders
▼ + stars: | 2023-03-02 | by ( Jenna Zucker | ) www.reuters.com time to read: +4 min

The leaders of the two biggest opposition parties - Conservative party leader Pierre Poilievre and New Democratic party leader Jagmeet Singh - are among politicians who actively used TikTok to reach constituents. That prompted lawmakers from both the ruling Liberals and opposition Conservatives to go even further by suspending their accounts on TikTok. "Any limitation on social media is a problem for any opposition politician," Nik Nanos of Nanos Research told Reuters, saying they do not have the incumbent advantage of being featured regularly on more traditional media outlets. Singh also told reporters that taking a pause to assess how to safely use the social media platform is "something that I feel very comfortable doing and I have no hesitation to do." Poilievre - who has styled himself as an anti-establishment figure - has relied on a strategy of directly reaching voters through social media platforms such as TikTok, where he frequently attacks opponents and makes parody videos.

☆ Nishad Singh is the latest member of Sam Bankman-Fried's inner circle to plead guilty in FTX case
▼ + stars: | 2023-02-28 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Nishad Singh, who led engineering at FTX, has pleaded guilty to six criminal charges. Singh pleaded guilty to six counts, including wire fraud and various conspiracy charges, according to a filing on Tuesday in New York federal court. Caroline Ellison, the former CEO of Alameda Research, and FTX cofounder Gary Wang both pleaded guilty in December and are also cooperating with federal prosecutors. Bankman-Fried, who was hit this month with an updated indictment outlining 12 counts against him, pleaded not guilty in January. Singh had been head of engineering at both FTX and Alameda, according to the SEC's complaint.

☆ FTX ex-engineering chief Nishad Singh pleads guilty to criminal charges
▼ + stars: | 2023-02-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +1 min

Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. FTX ex-engineering head Nishad Singh pleaded guilty to criminal charges in New York on Tuesday, becoming the latest member of Sam Bankman-Fried's former leadership team to agree to a deal. The six charges against Singh include conspiracy to commit securities fraud, conspiracy to commit money laundering and conspiracy to violate campaign finance laws. In December, Bankman-Fried was charged with eight criminal accounts, including securities fraud and money laundering. Two of the charges against Singh are related to wire fraud and another is conspiracy to commit commodities fraud.

☆ NATO is seeing signs China might help Russia wage its war, but the US has threatened 'serious consequences' if it does
▼ + stars: | 2023-02-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

NATO's chief said Wednesday that there are "some signs" China may send lethal aid to Russia. The US has repeatedly threatened "serious consequences" if China further involves itself in the war. Stoltenberg then called the potential of China sending lethal aid a "blatant violation of international law." "We reinforced there that, again, there will be consequences for China should this partnership with Russia further deepen," Singh said. Blinken also said that the US has seen China "provide non-lethal support to Russia for use in Ukraine."

☆ Ron Insana says even with the big jobs report, there are signs of disinflation
▼ + stars: | 2023-02-03 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Wage inflation, of course. Economists can complain about wage inflation all they want, but a 4.4% annual gain, now decelerating, is not the bogeyman they claim it to be. The Fed's reliance on the so-called "Phillips curve," which links low unemployment to rising inflation, is an archaic construct. Lower unemployment today is hardly leading to runaway wage inflation.

☆ Chewy's push into pet telehealth runs into regulatory hurdles, skeptical veterinarians
▼ + stars: | 2023-01-24 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +10 min

Longtime veterinarians told CNBC the service can have some benefit for minor situations, or for people who don't have easy access to vet care. Because when you research pet health, you'll find that there's a specific term called VCPR," Singh said. Banfield Pet Hospital is owned by Mars Veterinary Health, a subsidiary of pet food and candy conglomerate Mars. "If you notice, there has been little to no innovation in pet health over the last decade, and yet in the last three years, there's been more innovation in pet health than in the last decade or 20 years," Singh said. Michael Nagle | Getty ImagesChewy said the program was created to make vet care more affordable and accessible to everyone.

☆ Former top FTX engineer who lived in Sam Bankman-Fried's Bahamas penthouse is trying to cut a deal with fraud prosecutors, report says
▼ + stars: | 2023-01-10 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

FTX's ex-chief engineer last week met prosecutors probing the crypto exchange's collapse, per Bloomberg. Sam Bankman-Fried's ex-roommate Nishad Singh could become the 3rd top FTX exec to cut a deal. Prosecutors hope Singh will shed light on Bankman-Fried's political donations, per Bloomberg. He worked as an engineer at Facebook before joining FTX, according to a LinkedIn profile that has now been taken down. Read more: FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights

☆ FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
▼ + stars: | 2023-01-06 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

They're currently scrutinizing former FTX engineer Nishad Singh, people familiar with the matter said. Singh first met Sam Bankman-Fried through the now-disgraced FTX founder's younger brother Gabe, who he was high school friends with. "[Former FTX chief technology officer] Gary [Wang] is scared, Nishad is ashamed and guilty," Bankman-Fried said. "It hit [Singh] hard. Read more: Everything we know about Nishad Singh, the 27-year-old former FTX exec who had an 8% stake in the crypto exchange

☆ Everything we know about Nishad Singh, the 27-year-old former FTX exec who had an 8% stake in the crypto exchange
▼ + stars: | 2022-12-24 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

Nishad Singh was FTX's Director of Engineering and had a 7.8% stake in the crypto exchange. Singh received a $543 million loan from Alameda Research, per bankruptcy filings. Singh was FTX's director of engineering, and had a 7.8% stake in the company. Singh's nearly 8% stake, which also included FTX subsidiary FTX.US, was worth about $572 million in March of this year. A year after Singh became FTX's director of engineering, he became a steady donor for the Democratic Party.

☆ Smart thermometers are tracking data on your fevers — and it’s helping stores keep medicine shelves stocked
▼ + stars: | 2022-12-17 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

The company's data can be used to tell retailers and brands where medicine will be in high demand. Now the company is helping to direct inventory management for major brands like Johnson & Johnson and Mucinex, as well as an unnamed retailer. Fever data is heating upKinsa's smart thermometers cost between $24 and $40, and are sold by major retailers and pharmacies. For cold medicine brands like Mucinex, the very act of turning the thermometer on is a fairly solid demand signal. In past years, earlier iterations of Kinsa's data has been used by companies like Clorox to better place advertisements for cleaning products when germs are clearly about.

☆ Mucinex is banking on smart thermometer data to keep pharmacy shelves stocked by tracking where people are getting sick
▼ + stars: | 2022-12-10 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

☆ Former FTX engineer quietly became multimillion-dollar Democratic donor after new role at cryptocurrency exchange
▼ + stars: | 2022-12-06 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Former FTX CEO Sam Bankman-Fried wasn't the only company executive who put big money behind campaigns aligned with the Democratic Party. Singh donated $8 million to federal campaigns in the 2022 election cycle, and all of it went to Democrats, according to the nonpartisan OpenSecrets. He was among a handful of former senior officials at FTX who were deeply involved with financing the 2022 midterms. Two years later, Singh donated $1 million to Future Forward USA, a PAC that backed President Joe Biden's 2020 run for president, records show. Singh, who was among the FTX leaders initially fired after the company collapsed, did not return repeated requests for comment.

☆ Sam Bankman-Fried's mom once wrote an essay about fixing problems rather than assigning blame when 'something goes terribly wrong'
▼ + stars: | 2022-11-20 | by ( Sam Tabahriti | Ryan Hogg | ) www.businessinsider.com time to read: +5 min

Sam Bankman-Fried's mother, a Stanford law professor, once wrote an article titled "Beyond Blame." Barbara Fried asked what would happen if the focus was on fixing problems and not assigning blame. Her son Sam Bankman-Fried co-founded FTX, which last week filed for bankruptcy. She has written pieces for the Boston Review, a quarterly political and literary magazine, arguing that attributing "personal blame" in times of crisis had "ruined criminal justice and economic policy," suggesting it was "time to move past blame." "The next time something goes terribly wrong, suppose that instead of immediately asking who is to blame, we were to ask: How can we fix this problem?"

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