Category: Decisions and Verdicts

Sam Bankman-Fried Seeks Lenient Sentence and to Appeal Conviction

Since the disgraced cryptocurrency mogul was convicted of fraud last year, his supporters have maneuvered to secure a lenient sentence and change the public narrative about his case.

He Grew Up in the Shadow of the ‘Wolf of Wall Street.’ Then He Got Into Debt Settlement.

Ryan Sasson built a business that reaped hundreds of millions of dollars in fees for helping people negotiate down their debts. But former clients — and prosecutors — say it was exploitative.

Real Estate Giant China Evergrande Will Be Liquidated

After multiple delays and even a few faint glimmers of hope, a Hong Kong court has sounded the death knell for what was once China’s biggest real estate firm.

Spirit Airlines Is on Shaky Footing After Judge Blocks JetBlue Deal

Some investors and analysts said the airline might have to seek bankruptcy protection if it couldn’t find another buyer.

Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations

Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.

Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy

The case against the founder of the failed FTX exchange had come to symbolize the excesses of the volatile cryptocurrency industry.

Sam Bankman-Fried Denies Knowing FTX Money Was Missing, as He Concludes Testimony

The founder of the FTX crypto exchange was grilled by a federal prosecutor for a second day, just before both sides rested their case in the criminal fraud trial.

Sam Bankman-Fried Testifies That He Made ‘Larger Mistakes’ at FTX

Speaking in his own defense at his criminal trial, the FTX founder denied he had committed fraud but acknowledged missteps that hurt the cryptocurrency exchange’s customers.