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Danil Shamkin | Nurphoto | Getty ImagesU.S. Sen. Bob Menendez of New Jersey and his wife were indicted in New York on federal bribery charges for accepting cash, gold bars, home mortgage payments and more as part of "corrupt relationship" with three businessmen from their home state. "This investigation is very much ongoing," said Manhattan U.S. Attorney Damian Williams at a press conference on the indictment of the senator and his wife, Nadine Menendez. Source: SDNYThis is the second time Menendez has been indicted on federal bribery charges. U.S. Senate Foreign Relations Committee Chairman Bob Menendez, D-N.J., and his wife, Nadine Arslanian, arrive for a reception honoring Greek Prime Minister Kyriakos Mitsotakis and his wife, Mareva Mitsotakis, in the East Room of the White House in Washington, D.C., May 16, 2022. Those efforts allegedly included the senator recommending to Biden that he nominate a candidate for U.S. Attorney for New Jersey "who Menendez believed could be influenced by Menendez with respect to Daibes's case," the indictment charges.
Persons: Sen, Robert Menendez, Nikos Christodoulides, Danil, . Sen, Bob Menendez, Menendez, Joe Biden, Damian Williams, Nadine Menendez, Bob Menendez's, Wael Hana, Jose Uribe, Fred Daibes, Nadine, NADINE MENENDEZ’s, Salomon Melgen, Melgen, Nadine Arslanian, Kyriakos Mitsotakis, Mareva Mitsotakis, Chip Somodevilla, Hana, Uribe, Biden, Phillip Sellinger, Sellinger, David Schertler, Ms, Daibes, Nadine Menendez's Organizations: Nurphoto, Getty, ., Bob Menendez of New, Government, U.S Department of Agriculture, Democratic, Attorney, Manhattan U.S, Foreign, NBC News, U.S, Senate Foreign Relations, Greek, White, Washington , D.C, WNBC Locations: Republic of Cyprus, Nicosia, Cyprus, Bob Menendez of, Bob Menendez of New Jersey, New York, Egypt, New Jersey, Manhattan, Florida, Washington ,
“Wildlife trafficking is a serious threat,” said Damian Williams, US Attorney for the Southern District of New York, in the release. Sam Yeh/AFP/Getty Images‘Body blow’Prosecutors said a covert operation exposed Ching’s efforts to traffic about 219 kilograms [483 pounds] of rhino horns “resulting from the poaching of numerous rhinoceros” with an estimated value of $2.1 million. The horns were delivered in a suitcase in Thailand by those working for the wildlife trafficking organization, officials said. The London-based Environmental Investigation Agency (EIA), which supplied intelligence on Ching to US enforcement agents, said his jailing was a “body blow” to the illegal wildlife trade. “Chinese and Vietnamese organized crime networks have long exploited Malaysia and other Southeast Asian countries as transit hubs for smuggling illegal wildlife commodities from Africa into Asia,” an EIA statement read.
Persons: Teo Boon Ching, Ching, , Damian Williams, Sam Yeh, Olivia Swaak, Goldman, , ” “ Organizations: CNN, Southern, of, ” Rhinos, World Wildlife Fund, Rhinos, Getty, Prosecutors, Environmental Investigation Agency, US Treasury Department, Wildlife Justice Commission Locations: Malaysian, Manhattan, of New York, Thailand, United States, Africa, Asia, China, Vietnam, AFP, New York, London, Malaysia
CNN —Authorities discovered a trap floor containing drugs, including fentanyl, inside a Bronx day care center where a 1-year-old boy died of a suspected fentanyl overdose last week, the New York Police Department announced Thursday. The NYPD says a large quantity of fentanyl and other narcotics were discovered in a trap floor in the play area of the day care center. One-year-old Nicholas Dominici died after a suspected exposure to fentanyl last week at Divino Niño day care center. “More evidence has been recovered that leads to the conclusion that this was more than just a day care center,” Clark said Thursday. Carlisto Acevedo-Brito lived in a bedroom within the day care facility and is related to Mendez's husband.
Persons: Grei Mendez, Carlisto Acevedo Brito, Attorney Darcel Clark, , they’re, ” Clark, Nicholas Dominici, , Theodore, napped, Mendez, Brito, Damian Williams, Carlisto Acevedo, Theodore Parisienne Organizations: CNN — Authorities, New York Police, NYPD, Police, Bronx, Attorney, Divino, CNN, Daily, Getty, Investigators, Southern, of Locations: baggies, York City, of New York, Southern
Barbara Fried, mother of Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, leaves the courthouse, after a U.S judge revoked Bankman-Fried's bail, New York, Aug. 11, 2023. Bankrupt crypto exchange FTX is looking to claw back luxury property and "millions of dollars in fraudulently transferred and misappropriated funds" from the parents of Sam Bankman-Fried, the exchange's disgraced ex-CEO and founder. The filing characterizes the correspondence as Bankman lobbying his son to "massively increase his own salary." Bankman-Fried himself independently faces multiple wire and securities fraud charges related to the alleged multibillion-dollar FTX fraud. Bankman and Fried "either knew — or ignored bright red flags revealing — that their son, Bankman-Fried, and other FTX Insiders were orchestrating a vast fraudulent scheme," the lawsuit said.
Persons: Barbara Fried, Sam Bankman, Allan Joseph Bankman, Fried, Sam's, Bankman, Gee, Sam, Barbara, Damian Williams, Joe, Ray Organizations: Bankruptcy, District of, FTX, Administration, Stanford University, Group, Stanford Law School, The U.S . Department of Justice, Bankman, CNBC Locations: New York, U.S, District of Delaware, Bahamas, Alameda, The, Manhattan, Bankman
Damian Williams, the top federal prosecutor in Manhattan, speaks at a press conference to announce the addition of “Cryptoqueen” Ruja Ignatova to the FBI’s most-wanted fugitives list, in New York, June 30, 2022. The co-founder of the fraudulent OneCoin cryptocurrency, a massive pyramid scheme that amassed over $4 billion from millions of investors worldwide, was sentenced Tuesday to 20 years in prison. His partner, Ruja Ignatova, known as the "Cryptoqueen" on the FBI's Top 10 Most Wanted list, remains at large, the Department of Justice said. Greenwood "operated one of the largest fraud schemes ever perpetrated," U.S. Attorney Damian Williams said in a press release. "We hope this lengthy sentence resonates in the financial sector and deters anyone who may be tempted to lie to investors and exploit the cryptocurrency ecosystem through fraud," Williams said.
Persons: Damian Williams, Ignatova, Karl Sebastian Greenwood, Ruja Ignatova, Greenwood, Williams Organizations: Department of Justice, U.S Locations: Manhattan, New York
Following the conviction, U.S. Attorney Damian Williams in Manhattan called the theft "one of the most brazen and damaging acts of espionage in American history." In a 14-page decision, U.S. District Judge Jesse Furman in Manhattan found "more than sufficient" evidence to support Schulte's espionage and hacking convictions. Prosecutors have said Schulte was motivated to leak materials out of spite over how he thought the CIA treated him prior to his November 2016 resignation. Prosecutors said they found the material in Schulte's Manhattan apartment, in an encrypted container beneath three layers of password protection, during the CIA leaks probe. The case is U.S. v. Schulte, U.S. District Court, Southern District of New York, No.
Persons: George W, Bush, Joshua Schulte, Damian Williams, Jesse Furman, Schulte's, Aguilar, Furman, Schulte, Prosecutors, Williams, Jonathan Stempel, Cynthia Osterman Organizations: U.S . Central Intelligence Agency, CIA, Central Intelligence Agency, FBI, WikiLeaks, Prosecutors, Brooklyn's Metropolitan Detention, Court, Southern District of, Thomson Locations: Langley , Virginia, U.S, Manhattan, Brooklyn's, Southern District, Southern District of New York, New York
Two founders of Tornado Cash, the widely known Russian cryptocurrency mixer, have been charged with laundering more than $1 billion in criminal proceeds. Charges in the indictment include conspiring to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money transmitting business. The third co-founder, Alexey Pertsev, who is not mentioned in this action, faces trial in Amsterdam over his involvement with Tornado Cash. Tornado Cash is used by some people as a legitimate way to protect their privacy in the still-nascent crypto market. Using a crypto mixing service like Tornado Cash masks those details by anonymizing the funds and concealing the identity of the buyer.
Persons: Roman, Semenov, Storm, James Smith, Alexey Pertsev, Roman Semenov, Damian Williams, Brian Klein, Waymaker, Klein, Lazarus Organizations: Tornado, Lazarus, Justice Department, CNBC, Tornado Cash, Storm, Federal Bureau of Investigation, Foreign Assets, Lazarus Group, U.S . Treasury, Treasury Department Locations: Russian, Korean, Washington, York, Amsterdam, U.S, Harmony
Roman Semenov, the Russian national, and Roman Storm, were charged with laundering and violating sanctions through Tornado Cash, a crypto “mixer” that allegedly laundered more than $1 billion, including hundreds of millions that went to Lazarus Group, a North Korean cybercrime organization, the indictment alleged. The third co-founder of Tornado Cash, who was unnamed in the indictment, was arrested on money laundering charges in the Netherlands last year, the Treasury said. Tornado Cash is one of the most well-known mixers, and it, along with much of the crypto industry, was under growing regulatory scrutiny. Lazarus Group, the North Korean organization, allegedly used Tornado Cash in April and May 2022, the US attorney’s office said, in violation of US sanctions. The US Department of the Treasury sanctioned Tornado Cash last year, alleging it laundered more than $7 billion worth of crypto since 2019.
Persons: Roman Semenov, , Damian Williams, Semenov, Storm, Tornado Cash, , Brian Klein, “ Mr, ” Klein, Lazarus Organizations: New, New York CNN, Russian, North, Court, Tornado, Lazarus Group, Storm, US, Office, Treasury, DOJ, US Treasury, Korean, US Department of Locations: New York, Washington, Southern, Russian, Roman, Korean, Netherlands
REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Aug 18 (Reuters) - Lawyers for Sam Bankman-Fried on Friday rejected as "entirely inadequate" the U.S. government's plan for letting the jailed founder of the collapsed FTX cryptocurrency exchange prepare for his October fraud trial. Bankman-Fried's lawyers asked that he be allowed to meet with them five days a week at the Manhattan federal courthouse in preparation for the Oct. 2 trial. The Brooklyn jail, with about 1,549 inmates, has been plagued by conditions that public defenders have called "inhumane." A federal judge suggested in 2021 that the jail and a now-closed federal jail in Manhattan were "run by morons." Bankman-Fried's lawyers previously represented Ghislaine Maxwell, the former girlfriend of disgraced financier Jeffrey Epstein, who complained for months that she could not prepare effectively in the Brooklyn jail for her sex trafficking trial.
Persons: Sam Bankman, Mike Segar, District Judge Lewis Kaplan, Fried, Damian Williams, Prosecutors, Kaplan, Bankman, Ghislaine Maxwell, Jeffrey Epstein, Jonathan Stempel, Rosalba O'Brien Organizations: Court, REUTERS, District, Google, Metropolitan Detention, morons, Thomson Locations: New York City , New York, U.S, Manhattan, Brooklyn , New York, Brooklyn, Palo Alto , California, New York
The fraud ground to a halt, prosecutors alleged, after Brackett was unable to attract further investors and simply ran out of funds. It shopped documents claiming $3.7 million in annual revenue around to investors and various short-term lenders, prosecutors allege. Brackett allegedly "transferred Firm-1's funds out of the account," and the company soon collapsed. Centricity's tale echoes the fraud allegedly perpetrated by Charlie Javice, the troubled startup founder of the fintech Frank. Similar to the allegations against Brackett, Javice allegedly manipulated her metrics to convince JPMorgan to acquire her startup.
Persons: Damian Williams, Martin Luther King Jr, Michael Brackett, Brackett, Centricity, Charlie Javice, Frank, Javice Organizations: Attorney, Southern, of, National Action Network House, Justice, Wall Street, JPMorgan, Vision Fund Locations: Manhattan, U.S, Switzerland, Maine
[1/2] Rob Olan (C), employee of the healthcare investment fund Deerfield Management, departs Federal Court in Manhattan in New York, U.S., May 24, 2017. FollowNEW YORK, Aug 1 (Reuters) - A long-running federal insider trading case based on leaks about planned changes to Medicare reimbursement rates will likely end with no convictions, after the remaining defendants agreed to enter deferred prosecution agreements. In the healthcare case, the Manhattan appeals court said the leaked CMS information did not support fraud and theft charges against Huber, Olan and Blaszczak, though prosecutors could retry them on one or two counts each. In their deferred prosecution agreements, Huber and Olan acknowledged trading on and Blaszczak acknowledged passing advance information about a proposed CMS rule change. The case is U.S. v. Blaszczak et al, U.S. District Court, Southern District of New York, No.
Persons: Rob Olan, Lucas Jackson, Theodore Huber, Robert Olan, David Blaszczak, Prosecutors, Huber, Olan, George Washington, Chris Christie's, Christopher Worrall, Blaszczak, District Judge Lewis Kaplan, Blaszczak's, David Patton, Barry Berke, Dani James, Damian Williams, Jonathan Stempel, Conor Humphries, David Gregorio Our Organizations: Deerfield Management, REUTERS, Aetna Inc, Centers, Medicare, Services, Democratic, New, New Jersey Republican, District, Court, Southern District of, Thomson Locations: Manhattan, New York, U.S, Deerfield, New Jersey, Southern District, Southern District of New York
NEW YORK, July 27 (Reuters) - Bill Hwang, the founder of Archegos Capital Management, on Thursday asked a judge to let him subpoena documents from 10 banks, in an effort to shift blame as he defends against criminal fraud charges that the firm's collapse was his fault. The office of U.S. Attorney Damian Williams, which is prosecuting Hwang, did not immediately respond to a request for comment. Other banks also lost money when Archegos collapsed, but less than Credit Suisse. That caused it to miss margin calls, and banks to dump stocks that had backed the swaps and which they had bought as hedges. The case is U.S. v. Hwang et al, U.S. District Court, Southern District of New York, No.
Persons: Bill Hwang, Hwang, Damian Williams, Archegos, Goldman Sachs, Jefferies, Mitsubishi UFJ, Morgan Stanley, Nomura, Alvin Hellerstein, Hwang et, Jonathan Stempel, Daniel Wallis Organizations: YORK, Archegos Capital Management, UBS, Credit Suisse, Prosecutors, Bank of Montreal, Deutsche Bank, Mitsubishi, Court, Southern District of, Thomson Locations: Manhattan, Macquarie, Mizuho, U.S, Southern District, Southern District of New York, New York
NEW YORK, July 26 (Reuters) - British billionaire Joe Lewis has surrendered to U.S. authorities in Manhattan and is expected to appear in court later on Wednesday to face insider trading charges, a spokesperson for the U.S. Attorney's office in Manhattan said. Two of Lewis' pilots, Patrick O'Connor and Bryan Waugh, were also charged with insider trading securities fraud. Joe Lewis is a wealthy man," Damian Williams, the U.S. Attorney in Manhattan, said in a statement. 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' then-girlfriend Carolyn Carter.
Persons: Joe Lewis, Lewis, Patrick O'Connor, Bryan Waugh, David Zornow, O'Connor, Waugh, O'Connor texted, Mirati, Daniel Levy, Dylan Martinez, Damian Williams, Williams, Preet Bharara, Carolyn Carter, Carter, Gurbir Grewal, Luc Cohen, Jonathan Stempel, Chris Prentice, Chizu Nomiyama, Daniel Wallis Organizations: YORK, U.S, Tottenham Hotspur, Tottenham, Prosecutors, Mirati Therapeutics, Southampton Premier League, Reuters, Tavistock Group, Forbes, Attorney, U.S . Securities, Exchange Commission, SEC, Thomson Locations: British, U.S, Manhattan, United States, New York, Virginia
NEW YORK, July 25 (Reuters) - Joe Lewis, the British billionaire and owner of the Tottenham Hotspur soccer team, has been criminally charged in New York for orchestrating a "brazen" insider trading scheme. Joe Lewis is a wealthy man," U.S. Attorney Damian Williams said in a video on the X social media platform, formerly known as Twitter. Insider trading has long been a focus of Williams' office, dating to 2009 when a crackdown began under one of his predecessors, Preet Bharara. Prosecutors said that in some insider trading cases, Lewis lent money to recipients of his tips, including in Oct. 2019 when he wired $1 million to two pilots so they could buy more Mirati shares. Reporting by Jonathan Stempel and Luc Cohen in New York; Editing by Chris Reese and Lincoln Feast.
Persons: Joe Lewis, Lewis, Damian Williams, " Williams, Williams, Preet Bharara, Mirati, Boss, Marty, JPMorgan Chase, Jonathan Stempel, Luc Cohen, Chris Reese, Lincoln Organizations: YORK, Tottenham Hotspur, Prosecutors, U.S, Tavistock Group, Forbes, Therapeutics, Biosciences, Australian Agricultural, U.S . Securities, Exchange Commission, JPMorgan, Thomson Locations: New York, Tavistock, Bear Stearns
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
Federal prosecutors charged Joseph C. Lewis, the British billionaire who owns the Tottenham Hotspur English soccer club, with insider trading on Tuesday, accusing him of illegally funneling nonpublic information to associates to trade on. In a 29-page indictment, prosecutors in Manhattan accused the 86-year-old financier of doling out tips to friends and associates, including his pilots, personal assistants and romantic partners from 2019 to 2021. “He used inside information as a way to compensate employees and shower gifts on friends and lovers,” Damian Williams, the United States Attorney for the Southern District of New York, said in a statement. “It’s cheating and against the law.”Prosecutors also accused Mr. Lewis of conspiring to hide a roughly 20 percent stake in Mirati Therapeutics, a pharmaceutical company, through a series of shell companies and false statements to the Securities and Exchange Commission.
Persons: Joseph C, Lewis, ” Damian Williams, “ It’s, ” Prosecutors Organizations: Tottenham Hotspur English, United States, Southern, of, , Mirati Therapeutics, Securities and Exchange Commission Locations: Manhattan, of New York
Tottenham Hotspur owner Joe Lewis has been charged by federal prosecutors with insider trading. The British billionaire passed information to his pilots, assistants, and romantic partners, an indictment says. In one case cited, Lewis is said to have lent his pilots $500,000 each to buy stock before insider information became public. British billionaire Joe Lewis has been charged by federal prosecutors with insider trading, with prosecutors saying that he passed information to personal pilots, assistants, romantic partners, and a friend he played poker with. According to the indictment, Lewis even gave his pilots $500,000 each in short-term loans so that they could buy stock before the news became public.
Persons: Joe Lewis, Lewis, Damian Williams, Williams, David M, Zornow, Mr, Mirati, couldn't Organizations: Tottenham Hotspur, Morning, Court, Southern, of, US, Bloomberg, Tavistock Group, English, Solid Biosciences, Australian Agricultural Company Locations: of New York, Bahamas, Argentina, Queensland, Tavistock, Mirati
CNN —British billionaire and owner of the Tottenham Hotspur football club Joe Lewis was indicted on insider trading charges by the United States Attorney’s Office for the Southern District of New York, the office announced Tuesday. In a video posted to social media, US Attorney Damian Williams accused Lewis of orchestrating a “brazen insider trading scheme” between 2013 and 2021, passing confidential trading tips to his “romantic partners, his personal assistants, his private pilots, and his friends,” helping them make millions of dollars. On other occasions, Lewis allegedly pressed his personal assistants and romantic partners to trade on the information he provided as soon as possible. Lewis is the majority owner of the Premier League football team, Tottenham Hotspur, and the founder of private equity company Tavistock Group, which invests in more than 200 companies across 13 countries, according to its website. Mr. Lewis has come to the US voluntarily to answer these ill-conceived charges, and we will defend him vigorously in court.”Neither Tottenham Hotspur nor Tavistock Group immediately responded to a request for comment.
Persons: Joe Lewis, Damian Williams, Lewis, , David M, Zornow, Tottenham Organizations: CNN, Tottenham Hotspur, United States Attorney’s Office, Southern, of, Bloomberg, Premier League football, Tavistock Group, Tavistock Locations: British, of New York
Last week, the Manhattan U.S. attorney, Damian Williams, called for an outside authority to take control of the jails, saying that “after eight years of trying every tool in the tool kit we cannot wait any longer for substantial progress to materialize.” And the federal judge who appointed the monitor as part of a civil rights case against the jails, Laura Taylor Swain, has recently signaled a deep frustration with the city’s Correction Department. For his part, Mr. Molina and his staff members have touted progress, pointing to department statistics that show a decrease in deaths, as well as in slashings and stabbings. But the creation of the new, tight-lipped investigative group — known as the special investigations unit — and other moves emanating from the commissioner’s office have called into question whether such statements can be trusted, records and interviews show. While there is nothing inherently wrong with a commissioner changing the structure of the units within the department, former correction officials say, the new unit’s refusal to divulge details of one violent incident has hampered the work of the monitor and other watchdog groups. The unit that is now being criticized was created on the same day in April that the federal monitor, Steve J. Martin, filed a report with the court praising the department’s willingness to take steps toward reform.
Persons: Damian Williams, Laura Taylor Swain, Molina, Steve J, Martin Organizations: Manhattan U.S, city’s, Department Locations: slashings
Minneapolis CNN —Federal prosecutors have accused former FTX CEO Sam Bankman-Fried of witness tampering after he allegedly leaked the personal writings of his former girlfriend and business partner, Caroline Ellison, to the New York Times. They reportedly detailed her “unhappy and overwhelmed” emotional state as CEO of Alameda Research, FTX’s crypto hedge fund. The writings also reportedly expressed her doubts about her ability to make decisions and effectively run the business. Prosecutors say she is expected to serve as a witness in their criminal case against Bankman-Fried, who has pleaded not guilty to eight federal counts of fraud and conspiracy. A spokesperson for the New York Times and a lawyer representing Ellison did not immediately respond to requests for comment.
Persons: Sam Bankman, Caroline Ellison, Lewis Kaplan, Bankman, , Ellison, Kaplan, Damian Williams, , ” Williams, Fried, — CNN’s Kara Scannell Organizations: Minneapolis CNN — Federal, New York Times, Star, Google, Alameda Research, Prosecutors, Government, ” Prosecutors, Bankman Locations: Minneapolis, FTX
NEW YORK, July 13 (Reuters) - Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, pleaded not guilty Thursday to U.S. fraud charges that he misled customers and artificially inflated the value of his company's propriety crypto token. Three federal regulatory agencies also sued Mashinsky and Celsius in connection with the case. Mashinsky, 57, was charged with seven criminal counts - including securities fraud, commodities fraud and wire fraud - according to an indictment unsealed earlier on Thursday. Its founder Sam Bankman-Fried was charged with fraud last year, and has pleaded not guilty. "Whether it's old-school fraud or some new-school crypto scheme, it doesn't matter one bit.
Persons: Alex Mashinsky, Mashinsky, Sam Bankman, Fried, Ona Wang, Roni Cohen, Pavon, Cohen, Damian Williams, Williams, Hannah Lang, Luc Cohen, Chris Prentice, Elizabeth Howcroft, Chizu Nomiyama, Michelle Price, Jonathan Oatis Organizations: YORK, Prosecutors, U.S . Securities, Exchange Commission, SEC, Futures Trading Commission, Federal Trade Commission, U.S, Thomson Locations: Manhattan, Israeli, U.S, Hoboken , New Jersey, Washington, New York, Bengaluru, London
Konrad Bicher began renting Manhattan apartments in 2019, before subletting them out. On top of violating lease agreements, Bicher obtained nearly $600,000 in Covid relief loans. The self-proclaimed "Wolf of Airbnb" now faces prison time after pleading guilty to fraud. Prosecutors said he failed to make rent payments required by the lease agreements and refused to leave the apartments after the leases expired. When Bicher was indicted in October, Williams said Bicher operated at least 18 apartments in Manhattan "as mini-hotels" while using the pandemic as an excuse not to pay landlords.
Persons: Konrad Bicher, Bicher, Wolf, Airbnb, Prosecutors, Damian Williams, Williams Organizations: Prosecutors, US Small Business Administration Locations: Manhattan, Hialeah , Florida
Federal prosecutors asked a judge on Thursday to remove five charges against alleged crypto fraudster Sam Bankman-Fried, including bribery of a foreign government official, after a Bahamas court ruling cast doubt on whether the U.S. government had followed the correct procedure for bringing the charges against the former billionaire. Bankman-Fried's legal team had previously argued before both U.S. and Bahamanian judges that the charges were not part of the FTX founder's original indictment under which he had been extradited from the Bahamas months earlier. A Bahamian judge said they would review Bankman-Fried's arguments earlier this week, prompting the request from federal prosecutors. The severance means that Bankman-Fried's legal team will likely now have to gird for two legal fights: one to try the original eight-count indictment later this year, and another in 2024, for the five counts that federal prosecutors have asked to sever. Bankman-Fried has entered a plea of not guilty and is expected to be tried later this year.
Persons: Sam Bankman, Damian Williams, Bankman, Fried Organizations: U.S ., U.S Locations: Bahamas, U.S
NEW YORK, May 15 (Reuters) - A former civilian employee at a U.S. Army facility in South Korea has been arrested on charges of receiving $400,000 in kickbacks from military contractors, federal prosecutors in Manhattan said on Monday. Young Beom Kim, 62, was responsible for overseeing construction contracts at the Army Garrison Yongsan-Casey from 2017 to 2021. Kim, a U.S. citizen and resident of South Korea, pleaded not guilty to six counts of wire fraud, bribery and money laundering. Prosecutors also say he received kickbacks from a South Korea-based supplier of parts manufactured by U.S. and Chinese companies. Reporting by Luc Cohen in New York, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.
A man convicted of stealing around 50,000 Bitcoin was sentenced Friday to a year in prison. At the it was seized, the Bitcoin was worth over $3.4 billion. Prosecutors said the crypto-currency was stolen from the Silk Road dark web marketplace. There investigators recovered more than 50,000 Bitcoin, split between "an underground floor safe and on a single-board computer that was submerged under blankets in a popcorn tin stored in a bathroom closet." A photo shared by the department shows that the crypto tin originally contained Cheetos-brand popcorn in both Flamin' Hot and Cheddar flavors.
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