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In the memo, Bankman-Fried called Alameda's failure to hedge its bets a "mistake." When Everdell asked if the decision not to hedge was Ellison's, Wang replied that she was Alameda's CEO at the time. Prosecutors said last week they planned to call Ellison to take the stand once Wang finishes his testimony. She was seen entering the courthouse on Tuesday morning wearing a blue baseball cap and sunglasses, and carrying a blue thermos. A third former member of Bankman-Fried's inner circle, ex-FTX engineering chief Nishad Singh, is also expected to testify at trial.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Christian Everdell's, Gary Wang, Everdell, Wang, Ellison, Prosecutors, Fried, District Judge Lewis Kaplan, Nishad Singh, FTX, Christian Everdell, Mark Cohen, Luc Cohen, Jody Godoy, Noeleen Walder, Matthew Lewis, Nick Zieminski Organizations: REUTERS, Alameda Research, New York Times, U.S, District, Brooklyn's Metropolitan Detention Center, Bankman, Alameda, Thomson Locations: New York, U.S, Manhattan, Brooklyn's, Alameda, Washington ,

☆ Sam Bankman-Fried's ex-girlfriend set to take stand as fraud trial's star witness
▼ + stars: | 2023-10-10 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

REUTERS/Eduardo Munoz//File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW YORK, Oct 10 (Reuters) - Sam Bankman-Fried's fraud trial is set to resume on Tuesday with testimony from his former colleagues at the now-bankrupt FTX cryptocurrency exchange, including his onetime girlfriend Caroline Ellison. Prosecutors said last week they planned to call Ellison, the former co-chief executive officer of Bankman-Fried's Alameda Research hedge fund, to take the stand once Wang finishes his testimony. U.S. District Judge Lewis Kaplan said that likely amounted to witness-tampering, and on Aug. 11 revoked Bankman-Fried's bail. A third former member of Bankman-Fried's inner circle, ex-FTX engineering chief Nishad Singh, is also expected to testify at trial. Reporting by Luc Cohen and Jody Godoy in New York; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Caroline Ellison, Gary Wang, Prosecutors, Ellison, Wang, Ellison's, Fried, District Judge Lewis Kaplan, Nishad Singh, FTX, Christian Everdell, Mark Cohen, Luc Cohen, Jody Godoy, Noeleen Walder, Matthew Lewis Organizations: REUTERS, Alameda Research, New York Times, U.S, District, Brooklyn's Metropolitan Detention Center, Bankman, Alameda, Thomson Locations: New York, U.S, Alameda, Brooklyn's, Manhattan, Washington ,

☆ Michael Lewis says being around Sam Bankman-Fried was a downgrade from his more materialistic life: 'The food was worse. The company was worse.'
▼ + stars: | 2023-10-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Michael Lewis, the author of "Going Infinite," said being around SBF was a lifestyle "downgrade." Lewis met Sam Bankman-Fried more than 100 times and interviewed his FTX colleagues for the book. So I always felt it was a downgrade moving into his world," Lewis told Emily Donaldson in a Wednesday report in The Globe and Mail, a Canadian newspaper. I would have had as much trouble with this crowd when I was 25," Lewis told Donaldson. Lewis told CBS's "60 Minutes" the crypto exchange would still be making "tons of money" if there hadn't been a run on customer deposits.

Persons: Michael Lewis, Lewis, Sam Bankman, —, Emily Donaldson, Fried, Donaldson, CBS's Organizations: Service, Canadian, Toyota Corolla, Bankman Locations: SBF, The Globe, Bahamas, Hong Kong

ENGLE, N.M. (AP) — While the average lifespan of North America's largest and most rare tortoise species is unknown, biologists have said it could span upward of a century. The “safe harbor agreement” will facilitate the release of captive tortoises on the Armendaris Ranch to establish a free-ranging population. The tortoise is just the latest example of a growing effort to find new homes for endangered species as climate change and other threats push them from their historic habitats. Absent a willingness by wildlife managers to think more broadly, he said, species like the Bolson tortoise could have a bleak future. That work will include getting state and federal permits to release tortoises outside of the enclosures on Turner lands.

Persons: ENGLE, Ted Turner's, Martha Williams, Shawn Sartorius, ” Sartorius, It's, it's, Mike Phillips, Phillips, ”, can’t, ” Phillips Organizations: Fund, Fish, Wildlife Service, Fish and Wildlife Service, Turner, Species Fund, Southwestern, U.S . Fish, Wildlife Locations: N.M, America's, New Mexico, U.S, Southwest, Mexico, United States, Texas, Oklahoma, Southwestern U.S, Carlsbad, Turner

☆ Simon Cowell sold his 6-bedroom London mansion for $19 million amid security fears that left him in 'total shock'
▼ + stars: | 2023-08-24 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Simon Cowell sold his six-bedroom mansion in London amid fears for his family's safety. The 6-bedroom residence in Kensington was sold for £15 million (about $19 million). Cohort Capital, a real estate private equity firm, provided a £5.5 million ($7 million) loan to the buyer, whose new neighbors will include Ed Sheeran and David Beckham. AdvertisementAdvertisementThe garden of the property on Addison Crescent in Kensington, west London. Cohort Capital disputed reports that the asking price had been reduced by £30 million.

Persons: Simon Cowell, Ed Sheeran, David Beckham, Cowell, Lauren Silverman, Eric, we're, Matt Thame Organizations: Service, Capital, Guardian, Daily, Addison, Press Association, Sun, People Magazine Locations: London, Kensington, Wall, Silicon, Addison Crescent

☆ Elon Musk says he weighs 300 pounds, and if the Zuckerberg cage match becomes a long fight, Zuck will 'win on endurance'
▼ + stars: | 2023-08-07 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

It's unclear how much Musk weighs, or if this fight is even going to happen. Elon Musk wants people to know he weighs 300 pounds and totally stands a chance against Mark Zuckerberg in a cage match. In the post, Krassenstein presented a "fight card" of the much-hyped Zuck vs. Musk fight. "I weigh at least 300 lbs," Musk replied, appearing to object to Krassenstein's characterization of his weight class. On Sunday, he announced that the Zuck vs. Musk cage match will be live-streamed on X, with all proceeds going to a charity for veterans.

Persons: Elon Musk, Mark Zuckerberg, Ed Krassenstein, who's, Trump's, Krassenstein, Zuckerberg, Musk, hasn't Organizations: Twitter, Meta

☆ The former Twitter exec who went viral for sleeping on the office floor said she had no choice but to do so because of Elon Musk's 'nearly impossible deadline'
▼ + stars: | 2023-07-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Esther Crawford said she slept at Twitter's office because Elon Musk gave her a "nearly impossible deadline." The ex-Twitter exec went viral for sleeping on the floor in the office shortly after Musk took over. Former Twitter exec Esther Crawford said she slept on the office floor because Elon Musk gave her a "nearly impossible deadline." Musk himself is no stranger to sleeping in the office, and some other Twitter workers did the same as they scrambled to keep their jobs. Working at Twitter after the acquisition "was like playing life at Level 10 on Hard Mode," Crawford said in Wednesday's post.

Persons: Esther Crawford, Elon Musk, Musk, bootlicker, Crawford, Tweet Organizations: Elon, Twitter, Morning, Twitter's San Locations: Twitter's, Twitter's San Francisco, Wednesday's

☆ The daughter of a sanctioned Russian billionaire says she's the true owner of a $68 million superyacht bought by ex-Google CEO Eric Schmidt
▼ + stars: | 2023-07-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Eric Schmidt bought a superyacht linked to a sanctioned Russian billionaire at auction in June. The Russian mogul has denied owning the vessel – but his daughter now says she's its true owner. Former Google CEO Eric Schmidt recently paid $67.6 million for a stranded superyacht that has been linked to a sanctioned Russian billionaire. The Russian chemical mogul's daughter now says she's its true owner and wants it back, according to a report by Bloomberg. But on Wednesday, lawyers for Guryev's daughter Yulia Gurieva-Motlokhov filed an appeal saying that she was the vessel's true owner, Bloomberg reported.

Persons: Eric Schmidt, Schmidt, Nero, Andrey Guryev, Guryev, Alfa Nero, Vladimir Putin, Guryev's, Yulia Gurieva, Motlokhov Organizations: Bloomberg, Morning, US Treasury, Alfa, EU, FBI, Trust, Flagstaff Trust Locations: Russian, Antigua, Barbuda, Ukraine, Caribbean, Flagstaff

☆ Howard Stern says Tucker Carlson was likely 'nothing' to Rupert Murdoch and just another 'worker bee' in his giant corporation
▼ + stars: | 2023-04-27 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

Carlson forgot that he was just a "worker bee" in media mogul Rupert Murdoch's company, Stern said. Radio icon Howard Stern said ousted Fox News star Tucker Carlson was likely "nothing" to Fox Corp. chair Rupert Murdoch and that he forgot he was just another "worker bee" in the billionaire media mogul's gigantic company. "You're nothing because he's still gonna' have billions upon billions upon billions of dollars and own a giant corporation. You're a worker bee. Murdoch himself made the call to get rid of Carlson, Fox News' top-rated host, people familiar with the situation had told the Los Angeles Times.

☆ Trump's lawyers keep getting in trouble with judges. Here are the 17 sanctioned so far.
▼ + stars: | 2023-03-14 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

Lawyers representing Trump keep getting sanctioned by courts. Many of Trump's lawyers, even if they are not sanctioned, end up needing lawyers of their own to ward off the worst consequences. Insider identified 17 lawyers who have been personally sanctioned because of their work for Trump. The least successful, however, was a sprawling lawsuit Trump filed against Hillary Clinton, the Democratic National Committee, and several other figures linked to Clinton's 2016 presidential campaign. He was part of Trump's "Elite Strike Force" of lawyers trying to convince judges to cancel votes and have Trump declared the victor.

☆ Adani's fall reignites scrutiny of billionaire's close ties with Modi
▼ + stars: | 2023-02-16 | by ( Sumathi Bala | ) www.cnbc.com time to read: +7 min

Ashok Swain Uppsala UniversityHindenburg's report has further sharpened the focus on the billionaire mogul's close ties with Modi. After Modi became prime minister, Adani continued to benefit from the relationship but on a much larger scale, said Swain. In his address to parliament last week, the prime minister seemed unfazed by the opposition's criticism and made no mention of Adani. "And you can never breach this safety shield with the weapons of abuse and lies," he said, as opposition lawmakers chanted "Adani, Adani." "Prime Minister Modi and I are from the same state.

☆ Rihanna may not have gotten paid for her Super Bowl halftime show performance, but her music streams saw a massive surge
▼ + stars: | 2023-02-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Rihanna performed at the Super Bowl LVII halftime show on Sunday in her first live performance in over five years. Like past performers, she wasn't paid, but her music sales and streams have skyrocketed since Sunday. Songs on which Rihanna is the primary artist raked in over 62 million on-demand streams on Sunday and Monday compared to 25.8 million streams the two days prior, Billboard reported. Per Insider's Sarah Al-Arshani, Super Bowl halftime show headliners are paid little to nothing for their performance, although the NFL does cover the costs associated with putting the show on. Her brands, Fenty Beauty, Fenty Skin, and Savage X Fenty all featured special-edition "Game Day" products to consumers.

☆ Rihanna's Fenty brands are capitalizing on her Super Bowl halftime show performance in 'pure genius' ways
▼ + stars: | 2023-02-10 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Rihanna's highly anticipated Super Bowl LVII halftime show performance is happening Sunday. Rihanna previously declined to perform at the Super Bowl in 2019. Her fashion and beauty brands — including Savage X Fenty, Fenty Beauty, and Fenty Skin — have all reconfigured their sites to feature a "Game Day" section in anticipation for Sunday's performance. The pop star's lingerie and loungewear brand Savage X Fenty also took the chance to capitalize on the Super Bowl appearance by debuting "Team Fenty" jerseys and sweatsuits. Savage X FentyIn September, it was announced that Rihanna would headline the Super Bowl halftime show performance after the singer declined the gig in 2019.

☆ World's richest person Bernard Arnault's fortune has increased by more than $33 billion this year
▼ + stars: | 2023-02-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The multi-billionaire tops its rankings of the world's richest people, followed by Elon Musk. The LVMH CEO and co-founder has a current net worth of $196 billion, per Bloomberg. Bernard Arnault is the CEO and co-founder of luxury goods conglomerate LVMH Moët Hennessy - Louis Vuitton, more commonly known as LVMH. The 73-year-old French billionaire is currently ranked by Bloomberg as the world's richest person, followed by Elon Musk whose net worth is valued at $175 billion. The CEO recently appointed his daughter, Delphine Arnault, CEO and chair of Dior.

☆ A judge ordered the unsealing of Sam Bankman-Fried's 2 anonymous bail sponsors — but says they have a week to appeal
▼ + stars: | 2023-01-30 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

A federal judge agreed to unseal the names of Samuel Bankman-Fried's two anonymous bail sponsors. The judge pointed out that the sponsors waded into a highly public criminal case. "The non-parental bail sureties have entered voluntarily into a highly publicized criminal proceeding by signing the individual bonds," Kaplan wrote in his ruling on Monday. According to the rules of their bail agreement, one of those additional sponsors couldn't be a family member, according to court filings. A group of media organizations, including Insider, argued that the public had a right to know who was bankrolling Bankman-Fried's bail.

They said they plan to share the footage with the Justice Department. The main entrance to the Mississippi State Penitentiary at Parchman. Mississippi Department of CorrectionsThe crisis in state prisons had become so acute that Gov. Some changes were already in the works under new leadership, the Justice Department said at the time, with cooperation coming from state officials. The Justice Department did not immediately return a request for further comment.

☆ Trump mistook rape accuser E. Jean Carroll for ex-wife Marla Maples in deposition about photo
▼ + stars: | 2023-01-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Former President Donald Trump recently mistook his rape accuser E. Jean Carroll for his ex-wife Marla Maples when being questioned about a decades-old photo of him and Carroll by her attorney for a defamation lawsuit, a newly public court filing shows. Trump's belief that the writer Carroll was actually his second wife Maples sharply undercuts the New York real estate mogul's repeated claims that he would not have even had sex with Carroll because she is "not my type." Trump, 76, denied her claims, accusing Carroll of lying. He also said Carroll was motivated by a desire to generate sales of a book and political animus in making the allegations. "She's not my type," Trump told The Hill news site in 2019.

☆ Inside the 'Fly Fleet': billionaire Google founder Sergey Brin's growing flotilla of megayachts, boats, and jet skis
▼ + stars: | 2023-01-06 | by ( Rob Price | Hugh Langley | ) www.businessinsider.com time to read: +3 min

In a quiet harbor in California's Redwood City, 30 miles south of San Francisco, there often sits a gleaming 40-meter yacht flying the flag of the Marshall Islands. Along with Butterfly, which often docks in Redwood City, California, Brin maintains a growing flotilla of yachts, jet skis, and skiffs. To maintain the fleet, Brin employs a 50-person team around the globe, led by the master mariner Mike Gregory. InsiderMany of Brin's smaller water-sports toys — as well as Page's — have been supplied by Kai Concepts, a startup that builds high-tech aquatic vehicles, including foilboards and a kite-propelled boat. While he spends much of his time at his collection of tropical islands around the world, he has sold his superyacht Senses and downsized to an assortment of smaller vessels.

☆ How Gerry Cardinale became the go-to dealmaker for the likes of the Yankees, AC Milan, and Ben Affleck
▼ + stars: | 2022-12-29 | by ( Hayley Cuccinello | Dakin Campbell | ) www.businessinsider.com time to read: +20 min

He bought the soccer club AC Milan in August, earning the attention of the Italian press. This past spring, AC Milan won its first national title in 11 years. Claudio Villa/AC Milan via Getty Images Show less Cardinale at a training session for AC Milan. For instance, the teams sell each other's merchandise in their stadiums, and the YES Network airs AC Milan games. "Now we have a new phase of expansion and internationalization of AC Milan with Gerry."

☆ Trump's lawyers keep getting slammed for filing conspiratorial lawsuits. Here are the 16 sanctioned so far.
▼ + stars: | 2022-12-27 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

Lawyers representing Trump keep getting sanctioned by courts. Sixteen different lawyers have been sanctioned over failed lawsuits brought on the former president's behalf. Many of Trump's lawyers, even if they are not sanctioned, end up needing lawyers of their own to ward off the worst consequences. Still, as many 16 lawyers have been personally sanctioned because of their work for Trump, and Insider has compiled a list. The least successful, however, was a sprawling lawsuit Trump filed against Hillary Clinton, the Democratic National Committee, and several other figures linked to Clinton's 2016 presidential campaign.

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.

☆ Alameda's ex-CEO tells judge she hid billions in loans to FTX execs
▼ + stars: | 2022-12-23 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +1 min

Companies Alameda Research FollowNEW YORK, Dec 23 (Reuters) - Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research, the hedge fund's former chief told a judge in her guilty plea for her role in the exchange's collapse. "We prepared certain quarterly balance sheets that concealed the extent of Alameda’s borrowing and the billions of dollars in loans that Alameda had made to FTX executives and to related parties," Ellison told U.S. District Judge Ronnie Abrams in Manhattan federal court, according to the transcript. Bankman-Fried has been accused of orchestrating an "epic" fraud that led to the loss of billions of dollars of customer and investor funds. He has acknowledged risk-management failures at FTX but said he does not believe he has criminal liability and he has not entered a plea. Reporting by Luc Cohen in New York Writing by Tom Hals in Wilmington, Del.

☆ Twitter has lost its last deputy general counsel as its legal team shrinks, a report says
▼ + stars: | 2022-12-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Twitter deputy general counsel Regina Lima has left the company, Bloomberg Law reported. The social-media platform's legal team, which once stood at close to 200, is now largely depleted. Before Elon Musk took control of Twitter in late October, the company had around 200 staff on its legal team, according to Bloomberg Law. Twitter's legal team was shaken up as soon as Musk's purchase of Twitter went through. After Gadde and Edgett's terminations, James Baker, a former FBI general counsel, was the company's most senior lawyer.

☆ Bankman-Fried makes new bail application after losing first request: source
▼ + stars: | 2022-12-15 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: +1 min

Dec 15 (Reuters) - Former FTX CEO Sam Bankman-Fried has made a bail application before The Bahamas Supreme Court, a source familiar with the matter said on Thursday, after a magistrate judge on Tuesday rejected the former crypto mogul's request for bail. The source, who asked not to be identified, said the application was made on Thursday. Bahamas broadcaster Eyewitness News on Thursday reported that the Supreme Court would hear the bail application on Jan. 17, without citing sources. Bankman-Fried amassed a fortune valued over $20 billion as he rode a cryptocurrency boom to build FTX into one of the world's largest exchanges before it abruptly collapsed this year. Reporting by Jasper Ward in Washington, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Twitter has suspended an account that tracked CEO Elon Musk's private jet — just one month after Musk himself said he'd allow the account to stay put. Wednesday morning, the account, @elonjet — which had amassed more than half a million followers — was listed as suspended for having violated unspecified Twitter rules. “Well it appears @ElonJet is suspended,” Sweeney tweeted Wednesday. Other social media accounts created by Sweeney tracking Musk's jet, including ones on Instagram and Telegram, remain active. Sweeney told CNBC he started the Twitter account in June 2020 because he was a fan of Musk’s work at the business mogul's Tesla and SpaceX companies.

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