News list for " brooklyn"
According to Cointelegraph, SafeMoon CTO Thomas Smith pleaded guilty in federal court in Brooklyn to one count of cryptocurrency fraud. Smith pleaded guilty to two counts of securities fraud conspiracy and wire fraud conspiracy, which carry a maximum sentence of 25 and 20 years, respectively. The Department of Justice and the Securities and Exchange Commission have charged Smith with participating in fraud along with SafeMoon CEO Braden John Karony and founder Kyle Nagy. Prosecutors say the thre...
SBF, the former CEO and co-founder of FTX, told the New York Sun in a Brooklyn jail that he believes he was wrongfully convicted. Saying his biggest mistake was allowing Sullivan & Cromwell to take over FTX in November 2022, SBF said he should have continued to deal with liquidity issues rather than letting the firm take over and mislead clients. Due to this decision, millions of customers were told that their funds were exhausted and had to wait two years before they started receiving payments,...
According to Forbes, former cryptocurrency billionaire SBF, who is currently serving a 25-year sentence for fraud at the Metropolitan Detention Center (MDC) in Brooklyn, has begun writing his memoir. Forbes saw some of these chapters ahead of time, perhaps because SBF had not yet fully adapted to his new reality, writing in a style like Jane Goodall's account of life with chimpanzees or Victorian ethnologists.
FTX co-founder Sam Bankman-Fried has returned to the Metropolitan Detention Center in Brooklyn, New York, after being transferred last month to prisons in Oklahoma and Pennsylvania, in compliance with Judge Lewis Kaplan's request for easier access to his appellate lawyers. Bankman-Fried was sentenced to 25 years in prison last year for multiple fraud charges related to the collapse of cryptocurrency exchange FTX. Another FTX official, Ryan Salame, was sentenced to seven and a half years in priso...
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