[ad_1] Two Florida brothers pleaded guilty Wednesday to insider trading charges, admitting making over $22 million illegally before the public announcement in 2021 that an acquisition firm was taking former President Donald Trump’s media company public. Michael and Gerald Shvartsman entered their pleas to a single count of securities fraud in Manhattan federal court, where … Read more
[ad_1] Sam Bankman-Fried’s lawyer is arguing that a suggested 100-year prison sentence for the FTX founder by an arm of the court is “grotesque” and “barbaric.” Instead, the attorney said Tuesday that a term of a few years behind bars is appropriate for cryptocurrency crimes that the former cryptocurrency executive still disputes. Attorneys for Bankman-Fried … Read more
[ad_1] For five years, a New York City man managed to live rent-free in a landmark Manhattan hotel by exploiting an obscure local housing law. But prosecutors this week said Mickey Barreto went too far when he filed paperwork claiming ownership of the entire New Yorker Hotel building — and tried to charge another tenant … Read more
[ad_1] The founder of Nikola Corp. was sentenced Monday to four years in prison for his conviction for exaggerating claims about his company’s production of zero-emission 18-wheel trucks, causing investors to lose hundreds of thousands of dollars. Trevor Milton learned his fate in Manhattan federal court when Judge Edgardo Ramos announced the sentence, saying he … Read more
[ad_1] 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 … Read more
[ad_1] Sam Bankman-Fried pleads not guilty at Manhattan arraignment Sam Bankman-Fried pleads not guilty at Manhattan arraignment 00:32 FTX founder Sam Bankman-Fried is surviving on bread, water and sometimes peanut butter because the jail where he’s housed continues to serve him a “flesh diet” despite requests for vegan dishes, his attorneys told a magistrate judge … Read more
[ad_1] Jury selection today in Ed Sheeran’s copyright infringement lawsuit Jury selection today in Ed Sheeran’s copyright infringement lawsuit 02:51 Jury selection and opening statements are set to begin Monday in a trial that mashes up Ed Sheeran’s “Thinking Out Loud” with Marvin Gaye’s “Let’s Get It On.” The heirs of Ed Townsend, Gaye’s co-writer … Read more
[ad_1] A federal judge has sided with four publishers who sued an online archive over its unauthorized scanning of millions of copyrighted works and offering them for free to the public. Judge John G. Koeltl of U.S. District Court in Manhattan ruled that the Internet Archive was producing “derivative” works that required permission of the … Read more
[ad_1] Carlos Watson, the founder of the troubled digital start-up Ozy Media, was arrested Thursday on federal fraud charges as part of what prosecutors say was a scheme to prop up the financially struggling company. Federal agents arrested Watson at a Manhattan hotel after two of the company’s top executives pleaded guilty this month to … Read more
[ad_1] FTX founder Sam Bankman-Fried faced new fraud charges Thursday, as prosecutors accused him of cheating thousands of investors out of billions of dollars while casting himself as a trustworthy “savior of the cryptocurrency industry” — an image boosted by celebrity-studded Super Bowl advertising and big donations to political figures. Four new charges, including securities … Read more