A plaque on the exterior of Dr. Albert Abrams’ former home in San Francisco’s Pacific Heights. Douglas Zimmerman/SFGATE It’s impossible to count the number of lies Dr. Albert Abrams told while defrauding patients, seducing celebrities and brainwashing a cult of medical professionals. But there is one misleading message that remains today, in front of the … Read more
By Lavu Sri Krishna Devarayalu, Kiran Vivekananda A brief analysis of the crypto sector’s journey in India would reveal that our national policy has deferred from ignoring the sector to opposing the sector, all while being witness to its meteoric rise. The latest attempts by the Government to curtail its growth included putting onerous tax … Read more
At 7:33 pm eastern yesterday, Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, was found guilty of seven counts of fraud and conspiracy. The crypto industry exhaled. The verdict was a “huge relief,” says market analyst Noelle Acheson, formerly of crypto brokerage Genesis. The fraud at FTX, which threw the crypto world into a spin … Read more
FTX founder Sam Bankman-Fried has been found guilty on all seven counts of fraud, conspiracy and money laundering following more than two weeks of testimony in one of the highest-profile financial crime cases in years. The 31-year-old former cryptocurrency billionaire was convicted of two counts of wire fraud conspiracy, two counts of wire fraud and … Read more
Almost a year after the demise of Sam Bankman-Fried’s crypto empire, one of the blockchain projects most associated with the now disgraced entrepreneur is emerging from under the cloud his downfall cast over the digital-asset world. Solana’s SOL token has surged about 340% to $41 in 2023, outdoing the 114% rally in market bellwether Bitcoin … Read more
FTX founder Sam Bankman-Fried has been found guilty on all seven counts of fraud, conspiracy and money laundering following more than two weeks of testimony in one of the highest-profile financial crime cases in years. The 31-year-old former cryptocurrency billionaire was convicted of two counts of wire fraud conspiracy, two counts of wire fraud and … Read more
Programming note: Money Stuff will be off tomorrow, back on Monday. One thing that JPMorgan Chase & Co., one of the world’s biggest banks, wants to do is lend money to big corporate and private equity clients. In many ways, JPMorgan seems well suited to doing this: As a giant bank with more than $3 … Read more
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, took the stand at his trial on Friday and said that while he may have made mistakes he did not commit fraud or steal from customers. “I made a number of small mistakes and a number of large mistakes,” the onetime crypto wunderkind said in reply … Read more
New York Attorney General Letitia James filed a lawsuit against cryptocurrency companies, alleging $1 billion in fraud. James alleges that cryptocurrency trading companies Gemini Trust Company, Genesis Global Capital, LLC, its affiliates and Digital Currency Group (DCG) are guilty of defrauding more than 230,000 investors. James’s investigation alleged that Gemini lied to investors about a … Read more
In this issue of the Bloomberg Crypto newsletter, Michael P. Regan sorts through a load of crypto dirty laundry: Crypto, almost from the beginning, has been a magnet for criticism. And the list of the most common knocks against it is long. Yet rarely have real-world examples of its assorted risks and vulnerabilities piled up … Read more