Binance founder Chengpeng Zhao to plead guilty to money laundering charges: DOJ Tuesday, November 21 by ABC News(SEATTLE) -- The Justice Department announced Tuesday that the cryptocurrency giant Binance and its CEO are pleading guilty to violations of U.S. anti-money laundering laws while agreeing to pay more than $4 billion in fines.Chengpeng Zhao, the company's founder, pleaded guilty in federal court in... Read More.
Sam Bankman-Fried testimony: FTX founder testifies on Alameda Research concerns Monday, October 30 by ABC News(NEW YORK) -- Four months before FTX collapsed into bankruptcy, Sam Bankman-Fried told the jury Monday at his federal fraud and conspiracy trial he confronted Caroline Ellison with concerns Alameda Research -- his companion hedge fund -- could become insolvent.He testified that he told... Read More.
FTX founder Sam Bankman-Fried didn’t think rules applied to him, ex-girlfriend says Wednesday, October 11 by ABC News(NEW YORK) -- FTX founder Sam Bankman-Fried believed in utilitarianism and thought rules against lying or stealing inhibited his ability to maximize the greatest benefit for the most people, his former girlfriend and co-worker testified Wednesday at his federal fraud trial."He didn't think rules... Read More.
Rolling Stone founder Jann Wenner removed from Rock & Roll Hall of Fame board over ‘The Masters’ comments Sunday, September 17 by ABC NewsRolling Stone magazine founder Jann Wenner has been removed from the board of the Rock & Roll of Fame, a rep for The Hall tells The New York Times. Wenner’s removal comes in response to comments he made in a Times interview that were deemed racist and... Read More.
Fyre Festival 2 tickets on sale and customers are buying, disgraced founder says Wednesday, August 23 by ABC News(NEW YORK) -- The disgraced founder of the 2017 Fyre Festival, Billy McFarland, is selling tickets for a follow-up event and customers are buying them, he said in recent posts on Instagram.An initial batch of tickets for Fyre Festival 2 sold out just two... Read More.
Judge revokes bail for disgraced FTX founder Sam Bankman-Fried Friday, August 11 by ABC News(NEW YORK) -- Disgraced FTX founder Sam Bankman-Fried has had his bail revoked and he has been immediately remanded to custody of the U.S. Marshals.Judge Lewis A. Kaplan made the ruling to send Bankman-Fried to jail during a hearing Friday in U.S. District Court... Read More.
FTX founder Sam Bankman-Fried still slapped with campaign finance charge, prosecutors say Tuesday, August 8 by ABC News(NEW YORK) -- Federal prosecutors in New York on Tuesday signaled their intention to hold embattled crypto executive Sam Bankman-Fried accountable for alleged campaign finance violations despite dropping the charge last month on a technicality.Bankman-Fried, the former founder and CEO of cryptocurrency FTX, was slapped... Read More.
Prosecutors seek bail revocation for FTX founder Sam Bankman-Fried Friday, August 4 by ABC News(NEW YORK) -- Disgraced crypto executive Sam Bankman-Fried deserves to have his bail revoked and to be detained before he is tried for fraud and conspiracy charges stemming from the collapse of FTX, federal prosecutors in New York said in a new court filing.Prosecutors... Read More.
Founder of cryptocurrency lending platform Celsius Network arrested Thursday, July 13 by ABC News(NEW YORK) -- The founder of cryptocurrency lending platform Celsius Network was arrested Thursday on federal charges.Alexander Mashinsky founded Celsius in 2018 and positioned it as a stable, safe alternative to traditional financial institutions that would provide investors who held crypto assets financial freedom... Read More.
Former Trump aide, MAGA Inc founder Taylor Budowich, goes before grand jury in classified docs probe Wednesday, June 7 by ABC News(MIAMI) -- The founder of MAGA Inc and a former Trump aide, Taylor Budowich, is appearing in front of a South Florida grand jury on Wednesday, which is hearing evidence and witness testimony in the classified documents probe.An ABC News camera caught Budowich going... Read More.
Former Trump aide, MAGA Inc founder Taylor Budowich, goes before grand jury Wednesday, June 7 by ABC News(MIAMI) -- The founder of MAGA Inc and a former Trump aide, Taylor Budowich, is appearing in front of a South Florida grand jury on Wednesday.An ABC News camera caught Budowich going into the federal court in Miami. He did not respond to questions... Read More.
Theranos founder Elizabeth Holmes reports to prison for defrauding investors Tuesday, May 30 by ABC News(BRYAN, Texas) -- Disgraced Theranos founder Elizabeth Holmes reported to a Texas prison on Tuesday to begin a more than 11-year sentence for defrauding investors with false claims about her company's blood-testing technology.Holmes arrived at the prison in Bryan, Texas, at about 12:30 p.m.... Read More.