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...The sentence handed down on Thursday by Judge Lewis Kaplan in Manhattan federal court caps the swift and dramatic downfall of a figure who was once one of the most prominent faces in the crypto industry....
...They had asked the judge to refrain from sentencing him to any prison time, while the government had asked the judge to impose the maximum 60 months....
...[MUSIC PLAYING] A judge sentenced Sam Bankman-Fried to 25 years in prison yesterday....
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
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...year-old, who was found guilty on seven counts of fraud and money laundering last year, knew his actions were wrong, and “knew it was criminal”, Judge Lewis Kaplan said at Thursday’s hearing in Manhattan federal...
...“This action is the first in an ongoing collaborative effort with the US Department of Justice, Federal Bureau of Investigation, and our international partners targeting LockBit,” the Treasury said....
...But stood in a Manhattan courtroom on Thursday, head of curly hair bowed, the one-time master of persuasion failed to win over the person who, in that moment, mattered most: a federal judge who would soon...
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...The Bureau of Labor Statistics also said on Wednesday that core inflation, which excludes changes in food and energy costs, remained at 3.8 per cent....
...Wall Street stocks opened higher on Thursday, after jobless claims data boosted traders’ confidence that the Federal Reserve will start cutting interest rates this year....
...Powell said Friday’s Bureau of Economic Analysis report, combined with other recent data, showed that the path towards the 2 per cent target was “sometimes bumpy”....
Agency director Christopher Wray says Beijing’s hacking operations have reached a ‘fever pitch’
...The attorney-general’s office added Knight’s management had been “found by federal authorities to have operated affiliated companies within KSIC’s holding company structure in violation of federal law on...
...The Bureau of Land Management said on Friday it had finalised a rule that would raise royalty rates companies must pay the government as well as increase the minimum bond associated with the clean-up of...
...The Federal Reserve’s preferred inflation gauge, the core personal consumption expenditures price index, is due on Friday....
...Thursday’s figures from the Bureau of Economic Analysis are separate to the US’s consumer price index, which rose 3.1 per cent in the year to January....
...Sales fell to an annualised rate of 662,000 in February, the Census Bureau said on Monday....
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