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.
Category: Justice Department
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FTX’s Sam Bankman-Fried Arrested in the Bahamas, Officials Say
The New York Times – Business:A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.
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FTX Assets Still Missing as Firm Begins Bankruptcy Process
The New York Times – Business:A substantial amount of the company’s assets are missing, an FTX lawyer told a bankruptcy judge on Tuesday.
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Penguin Random House-Simon & Schuster Deal Collapses, Breaking Pattern in Publishing
The New York Times – Business: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.
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Hundreds of Twitter Workers Quit as Musk Demands Loyalty
The New York Times – Business:Hundreds of workers decided to leave the troubled social network, after Elon Musk demanded employees commit to a new “hard core” work environment.
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LIV Golf Threw a Sport Into Chaos. It Also Changed It.
The New York Times – Sports: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.
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Augusta National and U.S.G.A. Drawn Into Justice Department Antitrust Inquiry
The New York Times – Sports:The Justice Department is investigating the PGA Tour for anticompetitive behavior in its dealings with LIV Golf, the breakaway Saudi-backed league.
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Families of Boeing Crash Victims Can Challenge U.S. Settlement, Judge Rules
The New York Times – Business: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.
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Biden Administration to Offer Plan to Get Addiction-Fighting Medicine to Pregnant Women
The New York Times – Business: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.