Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Dec 27 (Reuters) – Sam Bankman-Fried’s criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain’s Prince Andrew. U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused … Read more

Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says

Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says

NEW 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 when she pleaded guilty to her role in the exchange’s collapse. Caroline Ellison, former chief executive of Alameda Research, said she agreed … Read more

Exclusive: Sam Bankman-Fried to reverse decision on contesting extradition

Exclusive: Sam Bankman-Fried to reverse decision on contesting extradition

Dec 17 (Reuters) – Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday. The 30-year-old cryptocurrency mogul was indicted in federal court … Read more

In sweltering Bahamas courtroom, Bankman-Fried fights incarceration

In sweltering Bahamas courtroom, Bankman-Fried fights incarceration

NASSAU, Dec 13 (Reuters) – Cordoned-off roads, a sweltering courtroom and numerous delays marked Sam Bankman-Fried’s first in-person public appearance since his crypto company collapsed. The Bahamas courtroom hearing, conducted over the course of six hours, saw Bankman-Fried, dressed in a suit rather than his typical t-shirt attire, seeking bail to dispute his extradition to … Read more

FTX founder Sam Bankman-Fried charged with fraud, denied bail

FTX founder Sam Bankman-Fried charged with fraud, denied bail

NASSAU, Bahamas/NEW YORK, Dec 13 (Reuters) – U.S. prosecutors on Tuesday accused Sam Bankman-Fried, the founder of crypto currency exchange FTX, of fraud and violating campaign finance laws and a judge in the Bahamas denied him bail, sending him to a local correctional facility instead. The former FTX CEO, who was arrested in the Bahamas … Read more

European Parliament kicks out VP Kaili over Qatar graft scandal

European Parliament kicks out VP Kaili over Qatar graft scandal

Kaili was one of four people arrested in Belgium Greek politician’s lawyer says she denies wrongdoing Police uncovered cash in raids, some in suitcase in hotel European Parliament’s role as bloc’s moral compass at risk STRASBOURG, Dec 13 (Reuters) – The European Parliament removed Greek MEP Eva Kaili as a vice president of the assembly … Read more

Former FTX CEO Bankman-Fried arrested in Bahamas after U.S. files charges

Former FTX CEO Bankman-Fried arrested in Bahamas after U.S. files charges

Dec 12 (Reuters) – (Editor’s note: This story contains language in paragraph 18 that some readers may find offensive) FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of U.S. prosecutors on Monday, the day before he was due to testify before Congress about the abrupt failure last month of one of … Read more

China’s rules for “deepfakes” to take effect from Jan. 10

China’s rules for “deepfakes” to take effect from Jan. 10

SHANGHAI, Dec 12 (Reuters) – China’s new rules for content providers that alter facial and voice data will take effect from Jan. 10, its cyberspace regulator said, as it looks to more tightly scrutinize so-called “deepfake” technology and services. The regulations from the Cyberspace Administration of China (CAC) issued late on Sunday provide for people … Read more

Qatar graft probe damages European Parliament, EU ministers say

Qatar graft probe damages European Parliament, EU ministers say

Corruption scandal targets European Parliament Four arrested and charged after homes raided Qatar denies allegations it bribed top officials BRUSSELS, Dec 12 (Reuters) – The European Union’s credibility is at stake, EU foreign ministers warned on Monday, following allegations Qatar lavished cash and gifts on European Parliament officials to influence decision-making. Greece on Monday froze … Read more

Hong Kong tycoon Jimmy Lai jailed over five years on fraud charge

Hong Kong tycoon Jimmy Lai jailed over five years on fraud charge

HONG KONG, Dec 10 (Reuters) – Pro-democracy Hong Kong tycoon Jimmy Lai was sentenced on Saturday to five years and nine months in prison for fraud, convicted of violating a lease contract for the headquarters of a liberal newspaper he used to run. Lai, 75, was found guilty of two counts of fraud for covering … Read more