Category: Justice Department

Sam Bankman-Fried Is Expected to Agree to Extradition to the U.S.

The FTX founder, now in prison in the Bahamas, faces criminal charges that he engaged in widespread fraud since founding the cryptocurrency exchange in 2019.
A Group of ‘FinTwit’ Influencers Faces Stock Fraud Charges

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.
FTX’s Sam Bankman-Fried Arrested in the Bahamas, Officials Say

A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.
Why Losing to Meta in Court Could Still Be a Win for Antitrust Regulators

As the Federal Trade Commission prepares to face off in court against Meta over a V.R. start-up deal, the agency is testing a novel argument as part of a strategy to push antitrust law.
FTX Assets Still Missing as Firm Begins Bankruptcy Process

A substantial amount of the company’s assets are missing, an FTX lawyer told a bankruptcy judge on Tuesday.
Penguin Random House-Simon & Schuster Deal Collapses, Breaking Pattern in Publishing

The deal to acquire Simon & Schuster would have made the buyer, Penguin Random House, even larger, and reduced the number of big publishers in the U.S. to four.
Hundreds of Twitter Workers Quit as Musk Demands Loyalty

Hundreds of workers decided to leave the troubled social network, after Elon Musk demanded employees commit to a new “hard core” work environment.
LIV Golf Threw a Sport Into Chaos. It Also Changed It.

The Saudi-backed golf series, which will expand next year, has forced the PGA Tour to redesign its economic model. The drama between the two golf entities seems far from over.
Augusta National and U.S.G.A. Drawn Into Justice Department Antitrust Inquiry

The Justice Department is investigating the PGA Tour for anticompetitive behavior in its dealings with LIV Golf, the breakaway Saudi-backed league.
Families of Boeing Crash Victims Can Challenge U.S. Settlement, Judge Rules

He said passengers killed on two 737 Max flights were crime victims, siding with relatives who objected to a deal that spared Boeing from a criminal charge.
Biden Administration to Offer Plan to Get Addiction-Fighting Medicine to Pregnant Women

Pregnant women are more likely to die of a drug overdose than the average woman of childbearing age, but less likely to be accepted for medication-based treatment.