Hints and tips:
...Sam Bankman-Fried should be sent to prison for up to 50 years for “orchestrating one of the largest financial frauds in history”, US prosecutors told a judge ahead of the FTX founder’s sentencing this month...
...At the time of FTX’s founding, “Sam, although brilliant, was 28 years old, in the infancy of his business career”, the filing said....
...Additional contributions from Gary Jones and Benjamin Wilhelm...
...Sam Altman, the recently reinstated head of OpenAI, Satya Nadella of Microsoft, and Arvind Krishna of IBM are all expected to speak at the annual gathering of business and political elites....
...Gary Wang, Bankman-Fried’s co-founder and top lieutenant, remained stoic through the slide to bankruptcy....
...Sam Bankman-Fried’s trading firm Alameda Research secretly dipped into FTX customer funds just months after the crypto exchange — which collapsed with an $8bn hole in its balance sheet in November — was...
...Gary Gensler, the SEC chair, may have lost the fight but delayed long enough to tip the balance in favour of US-regulated onshore investment vehicles....
...In particular, three of his closest former associates — Caroline Ellison, Gary Wang and Nishad Singh — all said under oath they committed financial crimes alongside the former chief executive....
...Gary Wang Chief technology officer, FTX The taciturn and solitary Gary Wang built and maintained much of FTX’s technology....
...This week, we’re shining the spotlight on Gary Gensler’s crypto record....
...“Gary Gensler, Elizabeth Warren and other proponents of increased crypto regulation will seize upon this as a stark ‘I told you so’ moment.”...
...he first became aware of the hole in FTX’s balance sheet a month before its implosion, and that he had delegated responsibility for coding and risk management to subordinates such as Caroline Ellison, Gary...
...Gary Wang, a former college roommate of Bankman-Fried’s who became one of his closest friends and colleagues, told the jury in Manhattan federal court on Friday that he had been instructed in 2019 to let...
...Caroline Ellison, Gary Wang, Nishad Singh and Sam Bankman-Fried sat together in June 2022 in the Bahamas office of FTX, the crypto exchange founded by Bankman-Fried and Wang, then worth $40bn....
...The jury has heard testimony from some of them, including Gary Wang, Nishad Singh and Caroline Ellison, who are co-operating with the prosecution....
...Sam Bankman-Fried’s tweets have come back to haunt him....
...The jury heard from former executives at the exchange and Alameda, including co-operating witnesses Caroline Ellison, Gary Wang and Nishad Singh....
...Sam Bankman-Fried’s spending at the collapsed FTX cryptocurrency exchange was not “frivolous”, his defence lawyer argued in a courtroom cross-examination of former executive Nishad Singh....
...Sam Bankman-Fried faced an onslaught of questions on Monday about his past public statements and whether he told the truth about the relationship between his private trading firm Alameda Research and the...
...The SEC, led by chair Gary Gensler, has so far resisted approving any such applications and may never give BlackRock — or any other candidate — the green light to take bitcoin to the mass market....
...Caroline, Nishad, Sam. Gary doesn’t talk so Gary didn’t answer. But I did a pre-mortem. I said, you know a pre-mortem, right? I said, we’re going imagine all this goes wrong. It’s going to all blow up....
...He became the fourth member of Bankman-Fried’s inner circle to reach a deal with prosecutors, after Gary Wang, Caroline Ellison and Nishad Singh entered guilty pleas....
...“I trusted Sam. I hoped that Sam, Caroline and others at Alameda would handle the situation,” Yedidia said. He remained at his friend’s side as the crisis engulfed FTX in November 2022....
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