Category: Securities and Exchange Commission

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.
A Group of ‘FinTwit’ Influencers Faces Stock Fraud Charges

The New York Times – Business:
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.
Prosecutors Charge that FTX Was Engaged in Fraud from the Beginning

The New York Times – Business:
A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire.
S.E.C. Charges Sam Bankman-Fried With Defrauding FTX Investors

The New York Times – Business:
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.
FTX Founder Sam Bankman-Fried Faces Market Manipulation Inquiry

The New York Times – Business:
Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
SPAC Linked to Trump’s Media Company Is Granted an Extension on Merger

The New York Times – Business:
Digital World now has more time to close its proposed union with Trump Media. But with Twitter welcoming Mr. Trump back, his media company could be less attractive to investors.
Inside Sam Bankman-Fried’s Quest to Win Friends and Influence People

The New York Times – Business:
In just three years, the FTX co-founder built a massive operation to woo politicians, regulators and nonprofits to support his crypto goals.
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.
Inside Gary Gensler’s SEC Campaign to Rein In the Crypto Industry

The New York Times – Business:
Gary Gensler, the chair of the S.E.C., is at the center of a reckoning over the future of cryptocurrency after the implosion of FTX.
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.
FTX Files for Bankruptcy As CEO Sam Bankman-Fried Resigns

The New York Times – Business:
The announcement capped a stunning week that has sent shock waves through the crypto industry.
Supreme Court Seems Poised to Streamline Challenges to Agency Power

The New York Times – Business:
The justices appeared ready to rule that people and companies need not wait for administrative rulings to press constitutional claims in federal court.