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FTX founder Sam Bankman-Fried was sentenced Thursday to 25 years in prison for stealing more than $11 billion from customers, investors and lenders of his now-collapsed cryptocurrency empire, with a Manhattan federal judge saying the infamous risk-taker "made a very bad bet about the likelihood of getting caught."
FTX founder Sam Bankman-Fried was sentenced Thursday to 25 years in prison for stealing more than $11 billion from customers, investors and lenders of his now-collapsed cryptocurrency empire, with a Manhattan federal judge saying the infamous risk-taker "made a very bad bet about the likelihood of getting caught."
FTX founder Sam Bankman-Fried was sentenced Thursday to 25 years in prison for stealing more than $11 billion from customers, investors and lenders of his now-collapsed cryptocurrency empire, with a Manhattan federal judge saying the infamous risk-taker "made a very bad bet about the likelihood of getting caught."
Boston venture capitalist Boris Revsin on Tuesday told the Manhattan federal jury that is hearing fraud claims against Terraform Labs Pte. Ltd. and creator Do Kwon that Revsin's former company confidently invested $35.9 million in the crypto startup based on representations that securities regulators say were false.
Morgan Stanley will pay $249 million to resolve allegations that it and a former supervisor made false statements and misused information about block trades — large, market-moving stock purchases — that allowed others to profit, according to agreements announced Friday by New York criminal prosecutors and securities regulators.