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Samuel Bankman-Fried
White Plains, NY
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NY's Top Prosecutor Resigns After Orders To Drop Charges Against NYC Mayor Adams: Reports
Following orders to drop corruption charges against New York City Mayor Eric Adams, Acting US Attorney for the Southern District of New York Danielle Sassoon has decided to resign, according to reports. Sassoon, who took the position in January following the resignation of Damian Williams, announced her resignation in a short statement to her colleagues, NBC News and The New York Times reported on Thursday, Feb. 13. According to NBC, Sassoon, who resigned alongside two senior federal prosecutors in Washington, made the decision only three days after receiving a me…
Cambridge, MA
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Former FTX CEO, MIT Grad Sam Bankman-Fried Charged With Defrauding Investors Of $1.8 Billion
The former CEO of what used to be one of the world's largest cryptocurrency companies has been charged with defrauding investors of almost two billion dollars, authorities said. The Securities and Exchange Commission (SEC) charged Samuel Bankman-Fried on Tuesday, Dec. 13, with defrauding FTX investors out of more than $1.8 billion. The SEC alleges that Bankman-Fried raised the funds – including $1.1 billion from 90 US-based investors – by falsely promoting a safe, responsible cryptocurrency since May 2019. "We allege that Sam Bankman-Fried built a house of cards on a foundation of dece…
