Category: Frauds and Swindling

Alameda Executive Says She Is ‘Truly Sorry’ for Her Role in FTX Collapse

The New York Times – Business:
Caroline Ellison of Alameda, a trading firm tied closely to FTX, admitted she participated in defrauding customers and misleading investors.
FTX Co-Founder Sam Bankman-Fried to Be Released on $250 Million Bond

The New York Times – Business:
The disgraced cryptocurrency executive appeared in court in Manhattan after his extradition from the Bahamas last night. He was granted bail and will live with his parents in California.
Two Executives in Sam Bankman-Fried’s Crypto Empire Plead Guilty to Fraud

The New York Times – Business:
Caroline Ellison, the former chief executive of Alameda Research, and Gary Wang, a founder of FTX, are cooperating in the federal criminal case against Mr. Bankman-Fried.
FTX Victims Face a Tough Road Getting Their Money Back

The New York Times – Business:
The bankrupt crypto exchange owes billions to a long line of creditors. Getting their money back could prove difficult, given the unique nature of cryptocurrency assets.
The Week in Business: The FTX Founder’s Rapid Fall

The New York Times – Business:
Elon Musk suspends several journalists’ Twitter accounts, then reinstates them. The Fed is continuing to raise interest rates. And inflation is affecting the mind-set of holiday shoppers.
A Traditional Exchange? FTX Was Anything But.

The New York Times – Business:
FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued.
A Traditional Exchange? FTX Was Anything But.

The New York Times – Business:
FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued.
A Group of ‘FinTwit’ Influencers Faces Stock Fraud Charges

The New York Times – Business:
The conspirators used podcasts and social media to talk up stock prices to their large followings, then sold their shares, according to court filings by the S.E.C. and the Justice Department.
Help! My Pricey Travel Credit Card Wouldn’t Work When I Traveled

The New York Times – Travel:
A Chase card with an annual fee of $550 is touted as handy for going abroad. But on a recent trip outside the U.S., it was declined at every stop. Is there any protection from fraud protection?
Sam Bankman-Fried and Schlubby Style

The New York Times – Fashion & Style:
Sam Bankman-Fried’s choices may signal an end to the schlubby mystique.
Prosecutors Charge that FTX Was Engaged in Fraud from the Beginning

The New York Times – Business:
A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire.
S.E.C. Charges Sam Bankman-Fried With Defrauding FTX Investors

The New York Times – Business:
The founder of the collapsed crypto exchange was accused of “orchestrating a scheme to defraud equity investors” who put more than $1.8 billion into the company.