Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’
U.S. Attorney Damian Williams said Fowler’s lies exposed the U.S. financial system to “serious risk.” Go to Source Powered by WPeMatico
Damian Williams
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OneCoin head of compliance facing 40 year sentence after US extradition
The alleged fraudster was accused of doing the “exact opposite” of her job title, which was to ensure OneCoin was complying with laws. Go to Source Powered by WPeMatico
AirBit Club execs face decades in prison after pleading guilty to $100M fraud
Co-founder Rodriguez and senior promoters Millan, Aguilar and Chairez all recently pled guilty to the charges, while the other founder, Dos Santos pled guilty in October, 2021. Go to Source Powered by WPeMatico
US Prosecutors Seek to Further Restrict Former FTX CEO Sam Bankman-Fried’s Internet Access
The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor is asking the court to prohibit Bankman-Fried from using a smartphone with an internet connection. Instead, the disgraced FTX … Read more
Report: Former FTX Director of Engineering Nishad Singh Negotiating Plea Deal with Prosecutors
Another member of Sam Bankman-Fried’s inner circle allegedly plans to plead guilty to criminal charges for his role in the alleged fraud that occurred at the cryptocurrency exchange FTX. According to unnamed sources familiar with the matter, Nishad Singh, FTX’s former director of engineering, is attempting to negotiate a deal with New York prosecutors. Sources … Read more
Prosecutors Seek Restrictions on Former FTX CEO’s Electronic Devices Following VPN Use for Football Streaming
Prosecutors in the financial fraud case against former FTX CEO Sam Bankman-Fried (SBF) are attempting to persuade the judge to restrict his use of electronic devices. It has been revealed that SBF used a virtual private network (VPN) to watch the Super Bowl through a foreign subscription service he had purchased before his arrest. Prosecutors, … Read more
SBF won’t be able to play League of Legends under proposed bail changes
Sam Bankman-Fried is, for the most part, still able to freely access the internet through various devices. Prosecutors want to change that. Go to Source Powered by WPeMatico
SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude
Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US Attorney Requests Pause on SEC and CFTC Lawsuits to Prevent ‘Judicial Overlap’ According to the latest decision by a New … Read more
US Feds put together ‘FTX task force’ to trace stolen user funds
United States Attorney Damian Williams said the office is working “around the clock” to respond to the implosion of FTX. Go to Source Powered by WPeMatico
FTX Co-Founder Faces ‘No-Nonsense’ Judge Next Week, Report Says SBF ‘Expected to Enter a Plea’ in Fraud Case
According to court documents, Sam Bankman-Fried (SBF) is set to be arraigned by the federal court in the Southern District of New York (SDNY) on Jan. 3, 2023. The disgraced FTX co-founder plans to enter a plea in his fraud case in front of U.S. judge Lewis Kaplan in Manhattan, according to a report published … Read more
