Mr. Wang is the last close colleague of the FTX founder Sam Bankman-Fried to be sentenced for the fraud that caused the crypto exchange to collapse in 2022.
Category: Decisions and Verdicts
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Ex-Officer of Detroit Nonprofit Pleads Guilty to Stealing More Than $40 Million
William A. Smith, the former chief financial officer for the Detroit Riverfront Conservancy, was accused of embezzling funds meant to support efforts to beautify the city’s waterfront.
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Their Lives Were Bound by a Fraud Case; Their Fates by a Sinking Yacht
Mike Lynch and Christopher Morvillo spent 12 years together fighting a legal battle over two continents. Their victory celebration ended in tragedy.
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Oakland Airport Can’t Use San Francisco in Its Name, Judge Rules
The airport’s name, San Francisco Bay Oakland International, suggested that the “lower rated airport” was associated with San Francisco, a federal judge said in a temporary order.
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NLRB Bars Mandatory Anti-Union Meetings After Amazon Draws Complaint
The ruling, stemming from a complaint against Amazon, bars companies from compelling workers to attend meetings on unionization’s downsides.
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Shell Wins Appeal in Landmark Climate Case in the Netherlands
A lower court had ordered the company to cut emissions by 45 percent by 2030, but the oil giant argued that a single firm should not be hit with arbitrary pollution-reduction requirements.
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Banned From Atlanta: The Challenges of Young Thug’s Unique Probation
The rapper was released from jail last week after a surprise guilty plea. For 15 years, a set of strict requirements will govern his life and music.
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Ed Sheeran Prevails in Copyright Appeal Over ‘Let’s Get It On’
A three-judge panel affirmed that Sheeran’s “Thinking Out Loud” did not illegally borrow from Marvin Gaye’s song.
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A Texas Judge’s Fight to Keep a High Profile Case Out of His Court
A battle over a new rule to limit credit card late fees has spiraled into a larger skirmish about how much power litigants should have to maneuver their cases into friendly courtrooms.
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Nishad Singh, a Top FTX Executive, Is Given No Prison Time After Cooperation
Mr. Singh, who was a top executive in Sam Bankman-Fried’s business empire, had pleaded guilty to fraud and campaign finance violations that contributed to the collapse of FTX.
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Alabama Prison Labor Program Faces Legal Challenges
A work-release program for Alabama prisoners provides labor for corporations and income for the state. Lawsuits are challenging its constitutionality.