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.
Category: Regulation and Deregulation of Industry
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S.E.C. Charges Sam Bankman-Fried With Defrauding FTX Investors
The New York Times – Business: -
Supreme Court Refuses to Block California’s Ban on Flavored Tobacco
The New York Times – Business:The state’s voters had overwhelmingly supported letting a two-year-old law take effect, and lower courts had refused to put it on hold.
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Lina Khan, Aiming to Block Microsoft’s Activision Deal, Faces a Challenge
The New York Times – Business:Ms. Khan, the chair of the Federal Trade Commission, has staked an ambitious trustbusting agenda on a case that may be difficult to win.
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F.T.C. Sues to Block Microsoft’s $69 Billion Acquisition of Activision
The New York Times – Business:The move by the commission signals an aggressive stance by federal regulators to thwart the expansion of the tech industry’s biggest companies.
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State Officials Seek to Revisit Sports-Betting Arrangements
The New York Times – Business:Officials in New York, Kansas and elsewhere are voicing new concerns about the rise of online sports betting after a series of articles in The Times examined it.
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Out of the Public Eye, a Debate Is Raging Over a Postwar Ukraine Economy
The New York Times – Business:Beyond the enormous cost of rebuilding the country are difficult and delicate choices about how to best connect the nation to European markets and commerce.
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FDA Report Faults Agency’s Food Unit for Leaderless Dysfunction
The New York Times – Business:Spurred by the infant formula crisis, a panel found that the agency shied away from tough decisions, sometimes fearing confrontations with industry over enforcement of critical public health issues.
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Small Investors Who Jumped Into Crypto on FTX Say, Now What?
The New York Times – Business:Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry.
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The Crypto Industry Struggles for a Way Forward After FTX Collapse
The New York Times – Business:The implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals.
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Sam Bankman-Fried Addresses His Parents, Net Worth and More at DealBook Summit
The New York Times – Business:The onetime crypto mogul also says he’s running out of funds, holed up in the Bahamas.