Prosecutors this week charged Mr. Bankman-Fried with orchestrating a $40 million bribe to Chinese officials to unfreeze funds held by his trading firm, Alameda Research.
Category: Securities and Commodities Violations
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Sam Bankman-Fried Pleads Not Guilty to Additional Set of Charges
The New York Times – Business: -
The Undoing of Guo Wengui, Billionaire Partner to Trump Allies
The New York Times – Business:He cultivated powerful allies and built an empire in China. Then, fleeing charges, he turned his charms on America. Now the law has caught up with him.
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Do Kwon, Crypto Fugitive, Led a Very Public Life While on the Run
The New York Times – Business:Do Kwon, the founder of the failed crypto company Terraform Labs, is facing charges by the authorities in both South Korea and the United States.
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Crypto Fugitive Do Kwon Is Arrested in Montenegro, Authorities Say
The New York Times – Business:Mr. Kwon, the entrepreneur behind the failed TerraUSD and Luna cryptocurrencies, was headed to Dubai, Montenegro’s Interior Ministry said.
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Wells Fargo’s Carrie Tolstedt Pleads Guilty and Faces Prison
The New York Times – Business:Carrie L. Tolstedt, who ran the bank’s retail branches, faces up to 16 months in prison for obstructing a bank examination.
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Government Cracks Down on Crypto Industry With Flurry of Actions
The New York Times – Business:State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.
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FTX Inquiry Expands as Prosecutors Reach Out to Former Executives
The New York Times – Business:Federal prosecutors in Manhattan are speaking with lawyers for former officials at the collapsed crypto exchange FTX and scrutinizing the immediate family of its founder, Sam Bankman-Fried.
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Adani Loses Billions After Attack by a Short Seller, Hindenburg Research
The New York Times – Business:The Adani Group, the Indian conglomerate run by Asia’s wealthiest man, has gone on the offensive to fight fraud allegations by an American investor.
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Crypto Lender Nexo Is Fined $45 Million
The New York Times – Business:It’s the latest cryptocurrency company to draw scrutiny from regulators, who are seeking to rein in the industry after the collapse of FTX.
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FTX Founder Gamed Markets, Crypto Rivals Say
The New York Times – Business:Sam Bankman-Fried found ways to control the prices of digital coins to benefit his companies, FTX and Alameda, according to cryptocurrency investors.
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Coinbase Reaches $100 Million Settlement With New York Regulators
The New York Times – Business:The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.