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...Its founder Charlie Javice has been charged with conspiracy to commit bank, wire and securities fraud....
...federal indictment was unsealed on Wednesday charging 39-year-old Jeyakumar Nadarajah, who was head of the US Treasuries trading desk at the bank during the period in question, with 16 counts including wire...
...He faces the prospect of a lifetime behind bars if convicted on charges including wire fraud and money laundering. He has pleaded not guilty....
...highest-profile cryptocurrency-related trial to date was delivered just after 7.40pm on Thursday, following less than five hours of deliberation by the jury’s nine women and three men over seven charges including wire...
...guilty to fraud soon after FTX’s collapse and agreed to co-operate with prosecutors, is the most damning so far for the 31-year-old Bankman-Fried, who this week went on trial defending charges including wire...
...Joshua OliverSo the customers were told sort of technically where the money was going because they got to get wire instruction....
...Frank founder Charlie Javice, 31, was arrested in New Jersey late on Monday evening and charged with conspiracy to commit bank and wire fraud as well as securities fraud by US prosecutors in Manhattan....
...For now, the unit is spending heavily to insulate its wires or bury them underground. But the long-term cost to Berkshire remains unknown....
...Javice has been sued by JPMorgan and was charged on April 3 with criminal conspiracy to commit bank, wire and securities fraud....
...According to one industry source, when the bank reopens under FDIC control, standard banking services will be available including checking and wire services....
...He too remembers his very first pair with mixed emotions: “They were this gigantic, black-wire sort of… I don’t know what they were....
...Nor was the bank aware of the allegedly co-ordinated timing of wire transfers after emails between Staley and Epstein....
...In an indictment unsealed on Tuesday, the US Department of Justice charged Bankman-Fried with eight counts including conspiracy to commit wire fraud on customers and lenders, money laundering and violations...
...diligence” and that “when Silvergate received payments directed to Alameda Research and credited it to the account of the same name . . . this was consistent with the instructions from the sender of the wire...
...The California-based lender acknowledged in a US regulatory filing late on Monday that it processed wire transfers for companies and individuals that traded with Alameda....
...Joshua Oliver is the FT’s asset management reporter....
...Ellison pleaded guilty to seven counts, including wire fraud and conspiracy to commit securities fraud and money laundering, which carry a maximum sentence of 110 years in prison, while Wang pleaded guilty...
...In legal terms, the indictment represents the most serious threat to him, alleging misconduct including wire fraud, conspiracy to commit money laundering and campaign finance violations....
...Nate Chastain, who worked at OpenSea — then the largest platform for buying and selling NFTs — was charged last year in New York with wire fraud and money laundering....
...[MUSIC PLAYING] US officials have charged Sam Bankman-Fried with eight counts, including conspiracy to commit wire fraud, money laundering and violating campaign finance laws....
...Additional reporting by Joshua Chaffin in New York...
...Strung on wires behind his desk, like clothes hanging from a washing line, are dozens of ink-on-paper sketches of French generals, waiters and the like....
...Citi’s wire error put a spotlight on technology infrastructure at the bank. It was followed later in 2020 by a $400mn fine from US bank regulators over deficiencies in risk and control systems....
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