FTX founder Sam Bankman-Fried. David Dee Delgado/Getty Images FTX founder Sam Bankman-Fried is likely to plead not guilty to fraud and other charges at his arraignment next week, according to people familiar Read more
Tag: Fraud
FTX co-founder Gary Wang, ex-Alameda CEO Caroline Ellison plead guilty to federal charges
On the same day that that the Bahamas extradited FTX co-founder and former CEO Sam Bankman-Fried to the U.S. to face criminal charges, two former executives at FTX and Alameda Read more
SEC charges Sam Bankman-Fried with defrauding investors in now-bankrupt FTX
The Securities and Exchange Commission on Tuesday charged Samuel Bankman-Fried with committing fraud after raising $1.8 billion from investors, as the U.S. government hammer came down on the founder and Read more
The Darker Side of Money — This Year in Fraud by Barron’s Events
Lukas I. Alpert Financial Investigations Reporter, MarketWatch Lukas I. Alpert covers financial crime for MarketWatch. He was previously a media reporter and a correspondent in Moscow for the Wall Street Read more
Ex-Theranos exec ‘Sunny’ Balwani sentenced to nearly 13 years in prison
SAN JOSE, Calif. — A judge on Wednesday sentenced former Theranos executive Ramesh “Sunny” Balwani to nearly 13 years in prison for his role in the company’s blood-testing hoax — Read more
Trump Organization found guilty in executive tax-fraud scheme
NEW YORK — Donald Trump’s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the Read more
Elizabeth Holmes sentenced to over 11 years in prison for Theranos crimes
Theranos founder and former chief executive Elizabeth Holmes was sentenced to 135 months, or over 11 years, in prison, putting an endpoint on the unraveling of a onetime vigorously hyped Read more
Opinion: Opinion: No, an indictment wouldn’t end Trump’s run for the presidency
Donald Trump announced his 2024 run for the presidency on Nov. 15. In his address he railed against what he perceived as the “persecution” of himself and his family, but made Read more
Katie Hobbs wins Arizona governor’s race, flipping state for Democrats
PHOENIX — Democrat Katie Hobbs was elected Arizona governor on Monday, defeating an ally of Donald Trump who falsely claimed the 2020 election was rigged and refused to say she would accept the results Read more
Opinion: Opinion: Why inequality is growing in the U.S. and around the world
U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022. That’s because what’s been driving income inequality in the Read more