Mr. Musk said that he would resign as Twitter’s chief executive once he found a successor “foolish enough to take the job.” YouTube reaches deal for the rights to stream N.F.L.’s Sunday Ticket games. And Mark Zuckerberg appears in court in an antitrust hearing.
Category: Securities and Commodities Violations
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Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws
The New York Times – Business:The Securities and Exchange Commission chair, Gary Gensler, said existing rules were adequate but warned crypto issuers and exchanges on compliance.
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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.
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Sam Bankman-Fried, FTX’s Co-Founder, Is Increasingly Alone
The New York Times – Business:Decisions by two senior associates to cooperate with government prosecutors raise the legal heat on the fallen crypto mogul.
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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.
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Sam Bankman-Fried Agrees to Be Extradited to the US
The New York Times – Business:The disgraced FTX founder, who has been in a Bahamas prison for the past week, agreed to be sent to the United States, following a confusing day in court.
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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.
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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.
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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.
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Damian Williams, Prosecutor in the FTX Case, Tackles Major Financial Crimes
The New York Times – Business:“I think it’s fair to say,” the federal prosecutor, Damian Williams, said of the Samuel Bankman-Fried case, “that by anyone’s lights, this is one of the biggest financial frauds in American history.”