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

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

FTX co-founder Gary Wang avoids prison time for role in crypto fraud

Gary Wang was the fifth former FTX executive to be handed a punishment for his role in the collapse of the crypto exchange in late 2022.

Business - CNBC - 3 days ago

FTX co-founder Wang avoids prison after assisting in Bankman-Fried case

Crypto exchange’s former chief technology officer credited by judge for swiftly helping prosecutors

Business - Financial Times - 3 days ago

Gary Wang, a Top FTX Executive, Is Given No Prison Time

Mr. Wang is the last close colleague of the FTX founder Sam Bankman-Fried to be sentenced for the fraud that caused the crypto exchange to collapse in 2022.

Tech - The New York Times - 3 days ago

Binance Co-Founder Changpeng Zhao Is Being Sued for $1.8 Billion by Sam Bankman-Fried’s Failed Crypto Exchange, FTX

The two crypto exchanges have a history of bad blood.

Business - Inc. - November 11

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

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.

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

FTX's Nishad Singh gets no jail time, 3 years supervised release for role in crypto fraud

Nishad Singh was the fourth former FTX executive to be handed a punishment tied to the collapse of the crypto exchange in late 2022.

Business - CNBC - October 30

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' 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 ...

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

Sam Bankman-Fried’s ex-deputy Nishad Singh spared prison time over crypto fraud

Former FTX executive who shared Bahamas penthouse with Bankman-Fried pleaded guilty to six felony counts. The former cryptocurrency executive Nishad Singh, who once shared a $35m Bahamas penthouse ...

World - The Guardian - October 30

Ex-FTX Tech Chief Builds Fraud Detection Tool for Prosecutors

Gary Wang, FTX’s former chief technology officer, will be sentenced next week for his role in the crypto firm’s collapse. His efforts may keep him out of prison.

Business - Inc. - November 14

Home Depot co-founder Bernie Marcus dies

Bernie Marcus, the co-founder of Home Depot who became a billionaire philanthropist and GOP donor, has died at the age of 95.

Politics - NBC News - November 5

Nishad Singh, a Top FTX Executive, Is Given No Prison Time After Cooperation

Mr. Singh, who was a top executive in Sam Bankman-Fried’s business empire, had pleaded guilty to fraud and campaign finance violations that contributed to the collapse of FTX.

Business - The New York Times - November 1

Why Tesla, crypto and prisons are Trump trade winners

As the dust settles on a post-election stock market rally, some firms have already gained.

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

Grateful Dead co-founder Phil Lesh dies aged 84

The leading member of the US rock group passed away peacefully, his official Instagram account says.

OpenAI Hires Co-Founder of Social Platform Rival to X

Gabor Cselle, a serial entrepreneur, was a Twitter employee a decade ago. More recently he helped start Pebble, a safety-centric competitor to Elon Musk’s X. What’s OpenAI up to now?

Business - Inc. - November 4

Bernie Marcus, Home Depot Co-Founder, Is Dead at 95

In 1978, he came up with the idea of a warehouse-style store that would appeal to the do-it-yourself homeowner. With a partner’s help, it became the world’s largest home-improvement retailer.

Business - The New York Times - November 8

Bernard Marcus, Co-Founder of Home Depot, Dies at 95

His chain of warehouse-style stores used cavernous interiors and low prices to lure customers.

World - The Wall Street Journal - November 5

Home Depot co-founder Bernie Marcus dies at 95

Home Depot co-founder Bernard "Bernie" Marcus helped launch the home improvement chain in 1978.

The Home Depot Co-Founder Bernie Marcus Dies at 95

Billionaire, philanthropist and political donor Bernie Marcus died in Boca Raton, Florida, surrounded by family.

Business - Inc. - November 5

Co-founders of militia group convicted of attempting to murder federal agents

Two men had also planned to go to Texas and kill asylum seekers as well as border agents who would try to stop them. Two men who co-founded a militia group have been convicted of attempting to ...

World - The Guardian - November 9

Whiskey Brand Co-Founder Fawn Weaver Isn’t Ready to Celebrate

Uncle Nearest is the fifth Black female-owned company to net a $1 billion valuation. But co-founder Fawn Weaver tells ‘From the Ground Up’ her work is far from over.

Business - Inc. - November 11

OpenAI co-founder Greg Brockman returns after three months of leave

OpenAI co-founder Greg Brockman has returned to the company after taking a sabbatical that began in August.

Business - CNBC - November 12

Trump picks former WWE CEO and TV's Dr Oz for top roles

Linda McMahon is the US president-elect's choice for education secretary, and Mehmet Oz is lined up for a healthcare job.

What the Co-Founder of Bonobos Learned From Having a Business Partner

Andy Dunn reflects on how, when his partner left, he had no one to blame.

Business - Inc. - 3 days ago

FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion

The litigation marks the latest escalation of tensions between two of the biggest names in crypto, after the meteoric collapse of FTX rocked the market.

Business - CNBC - November 11

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

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

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

Gary Gensler says he was 'proud to serve' as SEC chair, defends his approach to crypto regulation

In what sounded awfully close to a farewell speech, Gensler made only passing reference to his most controversial disclosure rule, on climate change.

Business - CNBC - November 14

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