Seven has not been a lucky number for disgraced FTX founder Sam Bankman-Fried lately. The curly-haired whiz kid’s failed crypto exchange FTX lost over $7 billion of customer funds. And he has been charged with a seven-count superseding indictment ranging from wire fraud to securities...
In the ongoing legal proceedings against former FTX CEO Sam Bankman-Fried, the issue of technological accommodations has become a point of contention between his defense team and federal prosecutors. Bankman-Fried, who is in prison preparing for his October trial, has requested additional technological resources to aid in...
Sam Bankman-Fried’s lawyers say their client can’t assist in his defense from behind bars. Attorneys for the FTX founder turned accused cryptocurrency fraudster have asked a judge to temporarily release Bankman-Fried, arguing that his right to help in his own defense is being limited, as the documents he...
Sam Bankman-Fried is reportedly subsisting on “bread and water” in prison, and the alleged vegan fraudster’s legal defense might not have much more meat to it. A new court filing submitted Wednesday (Aug. 23) by the accused crypto criminal’s legal team at Cohen & Gresser reveals...
With consumers tipping less, restaurant owners are weighing the risks of alienating diners against workers seeking better pay arrangements. Nearly everyone involved agrees that the modern gratuity system that began in 1966 with the Congressional introduction of sub-minimum wage for tipped employees, needs improvement. Restaurant workers are...
A U.S. district judge has granted the Securities and Exchange Commission (SEC) permission to file a motion for leave to file an interlocutory appeal in its case against cryptocurrency platform Ripple Labs. This decision by Judge Analisa Torres allows the SEC to bring the case...
Embattled lender SVB Financial, which is embroiled in a dispute with the U.S. Federal Deposit Insurance Company (FDIC), says it is losing $8.5 million a month in interest, which is enough to cover the company’s bankruptcy lawyers and other court costs, Reuters has reported. To...
Facing consequences is something relatively new for alleged cryptocurrency criminal Sam Bankman-Fried. But the FTX co-founder is currently caught up in a legal battle that could see him spend the rest of his life behind bars. The U.S. government Monday (Aug. 14) filed its first detailed...
It is official: orange is the new black for accused crypto criminal Sam Bankman-Fried. This, as a federal Judge revoked the FTX co-founder’s bail and sent him packing off to jail Friday afternoon (Aug. 11), ending the ongoing back-and-forth between the one-time wunderkind and U.S. prosecutors over...
