Archegos' Bill Hwang sentenced to 18 years in prison for massive U.S. fraud

Former billionaire investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10 ...

Archegos’s Bill Hwang sentenced to 18 years in prison

Former Wall Street trader was convicted of fraud and manipulation in scheme that resulted in big losses for banks

Business - Financial Times - 3 days ago

Archegos Founder Bill Hwang Sentenced to 18 Years in Prison

His firm’s collapse wiped $100 billion in market value, prosecutors said.

Business - The Wall Street Journal - 3 days ago

Archegos Founder Bill Hwang Is Sentenced to 18 Years

Mr. Hwang was convicted in July for his role in the collapse of his investment firm that caused roughly $10 billion in losses for several Wall Street banks.

Business - The New York Times - 2 days ago

Former Wall Street investor sentenced to prison over massive fraud

Hwang was found guilty of fraud in a case that cost Wall Street banks billions of dollars in losses.

Former billionaire investor Sung Kook ‘Bill’ Hwang sentenced to 18 years

Jury had convicted Hwang on criminal charges over Archegos collapse, which cost Wall Street more than $10bn. The former billionaire investor Sung Kook “Bill” Hwang was sentenced to 18 years in ...

World - The Guardian - 3 days ago

FTX co-founder Gary Wang receives no prison sentence for crypto fraud

Prosecutors hailed ‘first FTX cooperator to come in the door’, helping put away Sam Bankman-Fried for decades. An apologetic FTX co-founder was sentenced on Wednesday to no time in prison after a ...

World - The Guardian - 3 days ago

"Fat Leonard" sentenced to 15 years in massive Navy bribery case

Leonard Glenn Francis, known as "Fat Leonard," masterminded an unprecedented bribery and fraud scheme targeting the U.S. Navy.

'Fat Leonard' Francis sentenced to 15 years in massive military bribery scandal

Former Navy contractor Leonard Francis, also known as "Fat Leonard," the mastermind of one of the largest U.S. military bribery scandals, was sentenced Tuesday to 15 years in prison for his role in ...

Politics - The Hill - November 6

Russia sentences former long-time U.S. Consulate worker to prison

A Russian court found long-time U.S. Consulate employee Robert Shonov guilty of "gathering information" on the Ukraine war and sharing it with a foreign nation.

World - CBS News - November 1

'Bob’s Burgers' actor sentenced to 1 year in prison for Jan. 6 role

An actor known for roles in the animated series “Bob’s Burgers” and “Arrested Development” was sentenced Monday to a year and one day in prison for his connection with the Jan. 6, 2021, Capitol ...

Politics - The Hill - October 28

'Bob's Burgers' actor sentenced to 1 year in prison for role in Capitol riot

An actor known for his roles in the television comedies “Bob’s Burgers” and “Arrested Development” has been sentenced to one year in prison for his part in a mob’s attack on the U.S. Capitol nearly ...

Entertainment - ABC News - October 28

17-year prison sentence sought for Pentagon secrets leaker

Prosecutors want Massachusetts Air National Guard member Jack Teixeira to serve nearly 17 years in prison for leaking highly classified military documents online about the war in Ukraine, according ...

Politics - The Hill - October 30

Russia sentences former US consulate worker to nearly 5 years in prison

A court in Russia’s far-eastern city of Vladivostok has convicted a former U.S. Consulate worker charged with cooperating with a foreign state and sentenced him to four years and 10 months in prison

World - ABC News - November 1

764 Terror Network Member Richard Densmore Sentenced to 30 Years in Prison

The 47-year-old Michigan man, who pleaded guilty to sexually exploiting a child, was highly active in the online criminal network called 764, which the FBI now considers a “tier one” terrorism threat.

Tech - Wired - November 7

Pentagon leaker Jack Teixeira sentenced to 15 years in prison

A judge on Tuesday sentenced former Massachusetts Air National Guard member Jack Teixeira to 15 years in prison for leaking classified Pentagon documents on social media. The 22-year-old pleaded ...

Major bitcoin hacker Lichtenstein gets five years in prison for crypto laundering scheme

The value of the bitcoin stolen by hacker Ilya Lichstenstein from Bitfinex in 2016 is worth more than $10 billion now.

Business - CNBC - November 15

British man sentenced to 18 years for using AI to make child sexual abuse imagery

A British man who used artificial intelligence to create images of child abuse was sent to prison for 18 years

Tech - ABC News - October 28

2 Somali men sentenced to 30 years in kidnapping and imprisonment of U.S. journalist

Two Somali men who prosecutors called pirates were sentenced to 30 years in prison Tuesday in the 2012 kidnapping of an American journalist who was held hostage for over two years.

Ex-commander of a Ugandan rebel group has been sentenced to 40 years in prison

A court in Uganda has sentenced a former commander of the Lord’s Resistance Army rebels to 40 years in prison for brutal crimes committed by the group during its insurgency that started in the 1980s

World - ABC News - October 25

'Bob's Burgers' actor Jay Johnston sentenced to a year in prison for role in Jan. 6

Jay Johnston, an actor known for 'Bob's Burgers' and 'Arrested Development,' gets a year in prison for his part in the Jan. 6 mob attack on the U.S. Capitol.

Entertainment - Los Angeles Times - October 29

Man sentenced to life in Young Dolph killing gets 35 more years in prison

A judge has given a Tennessee man sentenced to life in prison in the daytime ambush killing of rapper Young Dolph an additional 35 years behind bars

Entertainment - ABC News - November 1

FTX fraudster Caroline Ellison reports to Connecticut prison to begin 2-year sentence

Caroline Ellison, who pleaded guilty to fraud charges tied to the collapse of crypto exchange FTX, is beginning her two-year prison sentence.

Business - CNBC - November 7

Ex-Monaco striker Wissam Ben Yedder sentenced to two-year suspended prison term for sexual assault

The former AS Monaco and France star was handed potential 24-month jail term

Sports - CBS Sports - November 12

Pentagon leaker Jack Teixeira sentenced to 15 years in prison for sharing military secrets online

Former Massachusetts Air National Guard member Jack Teixeira was sentenced Tuesday to 15 years for stealing classified information from the Defense Department and sharing it online, the U.S. ...

Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison

A computer expert who stole bitcoin worth billions of dollars at current prices — and then spent years laundering some of the hacked cryptocurrency with help from his wife — has been sentenced to ...

Tech - ABC News - November 14

Mum’s anguish over son’s ‘endless’ prison sentence

James Lawrence threatened someone with a fake gun in 2006 and is still in prison.

Walmart hits new highs and Target dives after earnings as rivals diverge even more

Both discounters are contending with price-conscious shoppers, but Walmart reported improving trends with discretionary merchandise.

Business - CNBC - 3 days ago

Comcast's cable network spinoff may be a signal to the media industry for necessary change

Comcast may be proceeding with a transaction as a signal to the rest of the media industry that consolidation is necessary.

Business - CNBC - 3 days ago

Billionaire Gautam Adani charged in New York with massive fraud, bribery scheme

Gautam Adani and others are accused in the New York indictment of paying Indian government officials $250 million to secure solar energy supply contracts.

Business - CNBC - 3 days ago

FTX’s engineering chief Nishad Singh spared prison time in fraud case

Coder was one of several members of Sam Bankman-Fried’s inner circle to testify against their former boss at trial

Business - Financial Times - October 30

Ex-FTC Executive Singh Spared Prison for Role in Crypto Fraud

The former chief engineer at FTX cooperated extensively with prosecutors in their case against founder Sam Bankman-Fried.

Business - Inc. - October 30

Newly freed Steve Bannon says time in prison 'empowered him'

Donald Trump adviser and rightwing podcast host Steve Bannon to be released from prison a week before the election.

Politics - NBC News - October 29

Steve Bannon released from prison after 4-month sentence

Firebrand rightwing influencer Steve Bannon served a four-month sentence for defying a subpoena from a congressional committee that investigated the Jan. 6, 2021 attack on the U.S. Capitol.

Latest in Archegos' Bill Hwang sentenced to 18 years in prison for massive U.S. fraud