The S.E.C. said the world’s largest cryptocurrency exchange mixed “billions of dollars” in customer funds and secretly sent them to a separate company controlled by Binance’s founder, Changpeng Zhao. Story Published at: June 5, 2023 at 04:14PM Continue Reading…
S.E.C. Accuses Binance of Mishandling Funds and Lying to Regulators
F.B.I. Searches Home of Top FTX Executive
Ryan Salame, a former top FTX executive and a prolific Republican donor, faces mounting legal pressure for his role in Sam Bankman-Fried’s business empire. Story Published at: April 27, 2023 at 08:09PM Continue Reading…
Exiled Chinese Billionaire Charged in New York With Financial Conspiracy
Guo Wengui, a fugitive financier and associate of Steve Bannon, is accused by federal prosecutors of engaging in a complex scheme to bilk thousands of online followers. Story Published at: March 15, 2023 at 03:08PM Continue Reading…
Bunkmates Turned Scam Artists Take Silicon Valley for a Ride
In Rafael Frumkin’s “Confidence,” a shy grifter is more than infatuated with a charismatic friend: He sees them getting rich peddling electromagnetic “bliss.” Story Published at: March 7, 2023 at 10:00AM Continue Reading…
Is It Fraud, or Is It ‘Puffery’?
Courts have given companies some leeway to make (perhaps overly optimistic) sweeping statements, a practice lawyers call “puffing.” Story Published at: February 25, 2023 at 01:00PM Continue Reading…
Is It Fraud, or Is It ‘Puffery’?
Courts have given companies some leeway to make (perhaps overly optimistic) sweeping statements, a practice lawyers call “puffing.” Story Published at: February 25, 2023 at 01:00PM Continue Reading…
The Unknown Hedge Fund That Got $400 Million From Sam Bankman-Fried
After the collapse of FTX, prosecutors and lawyers have scrutinized its discredited founder’s huge investment in Modulo Capital. Story Published at: January 24, 2023 at 10:00AM Continue Reading…
Sam Bankman-Fried Makes First Detailed Response to Fraud Charges
The disgraced founder of the crypto exchange FTX denied that he stole anyone’s money and said customers could still get their deposits back. Story Published at: January 12, 2023 at 01:06PM Continue Reading…
Sam Bankman-Fried Pleads Not Guilty to Fraud and Other Charges
The founder of the collapsed cryptocurrency exchange FTX, who was released on a $250 million bond, returned to New York to appear in court on Tuesday. Story Published at: January 3, 2023 at 07:11PM Continue Reading…
Sam Bankman-Fried Pleads Not Guilty to Fraud and Other Charges
The founder of the collapsed cryptocurrency exchange FTX, who was released on a $250 million bond, returned to New York to appear in court on Tuesday. Story Published at: January 3, 2023 at 07:11PM Continue Reading…