Tuesday, October 22

Tag: Bahamas

Canadian Jury Finds Peter Nygard Guilty of Sexual Assault
12Nov By adminNo Comments
World

Canadian Jury Finds Peter Nygard Guilty of Sexual Assault

TORONTO—Canadian fashion and retailing mogul Peter Nygard was found guilty in a Toronto court on Sunday of four counts of sexual assault. A jury, which deliberated for more than three days, also found Nygard not guilty on one other count of sexual assault and not guilty on a count of forcible confinement.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Sam Bankman-Fried Faces Lengthy Sentence—And Long Odds on Appeal
4Nov By adminNo Comments
World

Sam Bankman-Fried Faces Lengthy Sentence—And Long Odds on Appeal

Disgraced crypto star Sam Bankman-Fried is staring down a lengthy prison sentence after being convicted of fraud in the collapse of FTX, and he faces long odds of making any inroads on appeal.A federal jury in New York wasted little time Thursday in convicting the 31-year-old FTX founder of all seven counts he faced, a verdict issued just hours after deliberations began. The conviction, after a monthlong trial, capped the stunning downfall of the former billionaire. Venture capital and unfettered enthusiasm in the crypto markets helped fuel his swift ascent. Jurors agreed with prosecutors that theft and lies by Bankman-Fried fueled FTX’s demise.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Sam Bankman-Fried and the SEC
4Nov By adminNo Comments
World

Sam Bankman-Fried and the SEC

Sam Bankman-Fried charmed investors and politicians, but he wasn’t so fortunate with a federal jury. On Thursday the former FTX crypto-exchange kingpin was convicted of seven counts of fraud and money-laundering. Note to Chairman Gary Gensler: The Securities and Exchange Commission doesn’t need to regulate crypto markets to police malfeasance.After FTX imploded last autumn, some $9 billion in customer deposits went missing. Prosecutors showed that Mr. Bankman-Fried used the money to fund risky investment bets and cover losses at his Alameda Research trading house, buy influence in Washington, and acquire real estate in the Bahamas. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Sam Bankman-Fried Faces Lengthy Sentence—And Long Odds on Appeal
3Nov By adminNo Comments
World

Sam Bankman-Fried Faces Lengthy Sentence—And Long Odds on Appeal

Disgraced crypto star Sam Bankman-Fried is staring down a lengthy prison sentence after being convicted of fraud in the collapse of FTX, and he faces long odds of making any inroads on appeal.A federal jury in New York wasted little time Thursday in convicting the 31-year-old FTX founder of all seven counts he faced, a verdict issued just hours after deliberations began. The conviction, after a monthlong trial, capped the stunning downfall of the former billionaire. Venture capital and unfettered enthusiasm in the crypto markets helped fuel his swift ascent. Jurors agreed with prosecutors that theft and lies by Bankman-Fried fueled FTX’s demise.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Sam Bankman-Fried Found Guilty of Fraud in FTX Collapse
3Nov By adminNo Comments
World

Sam Bankman-Fried Found Guilty of Fraud in FTX Collapse

Updated Nov. 2, 2023 9:03 pm ETFTX founder Sam Bankman-Fried was convicted of stealing billions of dollars from customers of the doomed crypto exchange, in what prosecutors called one of the biggest financial frauds in U.S. history. The verdict, delivered by a New York federal jury, capped the stunning fall of the onetime crypto king, whose shaggy-haired boy-genius persona helped catapult FTX into a powerhouse trading platform that sponsored sports teams and ran glitzy ads featuring football great Tom Brady, model Gisele Bündchen and comedian Larry David. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Saturday Sessions: Bahamas performs “I’m Still”
21Oct By adminNo Comments
Entertainment

Saturday Sessions: Bahamas performs “I’m Still”

Saturday Sessions: Bahamas performs "I'm Still" - CBS News Watch CBS News Born in Toronto, singer-songwriter Bahamas has been a hit with fans and critics. His first three albums were nominated for the Juno Award, the Canadian equivalent of the Grammy. From his sixth studio album "Boot Cut," here is Bahamas with "I'm Still." Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
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Caroline Ellison says working at FTX with Bankman-Fried led her to “lie and steal”
11Oct By adminNo Comments
Money

Caroline Ellison says working at FTX with Bankman-Fried led her to “lie and steal”

Sam Bankman-Fried's former top executive for his crypto hedge fund says the collapse of FTX left her feeling "relief that I didn't have to lie anymore."In emotional testimony in Manhattan federal court on Wednesday, Caroline Ellison blamed Bankman-Fried for crafting justifications for conduct that was wrong and illegal.Ellison, the former CEO of Alameda Research, recalled Bankman-Fried's contention that he wanted to do the greatest good for the most people, and that edicts such as "don't lie" or "don't steal" had to be ignored at times.  Testifying for a second day, Ellison said she thought her onetime romantic partner's philosophy made her "more willing to do things like lie and steal over time." ...
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Here’s How FTX Executives Secretly Spent $8 Billion in Customer Money
7Oct By adminNo Comments
Money

Here’s How FTX Executives Secretly Spent $8 Billion in Customer Money

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/regulation/sbf-trial-ftx-customer-money-missing-6ba13914
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