Articles by Luc Cohen and Jody Godoy

Bankman-Fried Was ‘Math Nerd’ Who Overlooked Risk Management

Sam Bankman-Fried’s lawyer laid out his defense case at his fraud trial on Oct. 4, portraying the 31-former billionaire as a “math nerd” who overlooked risk management in building his FTX exchange, but did not steal customer money. Bankman-Fried has …

No Way to Police All Cryptocurrency Fraud, CFTC Commissioner Says

A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so much, though her agency is working on several big cases. Christy Goldsmith Romero, one of five commissioners at the Commodity …

Ex-CFO Gets 3 Years Prison for Stealing From SPACs to Trade Meme Stocks, Crypto

A former chief financial officer of multiple special purpose acquisition companies (SPACs) was sentenced to three years in prison for embezzling more than $5 million from them, and losing almost all of it trading meme stocks and cryptocurrencies. Cooper Morgenthau, …

Bankman-Fried Fraud Charges Sidestep Debate Over How U.S. Law Sees Crypto

Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as to how U.S. law treats cryptocurrency, as other high-profile defendants in criminal cases involving digital assets have done. That is …

Sam Bankman-Fried Pleads Not Guilty in FTX Fraud Case; October Trial Set

Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecutors have called an “epic” fraud. He entered his plea in …

FTX Founder Bankman-Fried Arrested in Bahamas at Behest of U.S. Prosecutors

FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of U.S. prosecutors on Monday, the day before he was due to testify before Congress about the abrupt failure last month of one of the world’s largest cryptocurrency …

NFL Says Black Coaches’ Discrimination Case Should Be Resolved in Arbitration

A discrimination case brought by three Black coaches accusing the National Football League of racist hiring should be resolved in a closed arbitration proceeding rather than in open court, the league said in court papers late on Tuesday. Former Miami …

Binance U.S. Exchange Sued by Crypto Investor Over Stablecoin Collapse

Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin’s collapse in value last month. Stablecoins are digital tokens …

Sarah Palin Loses Bid to Disqualify Judge from NY Times Defamation Trial

Former Republican vice presidential candidate Sarah Palin on Tuesday lost her bid to have the judge who oversaw her unsuccessful defamation lawsuit against the New York Times disqualify himself and order a new trial. The former Alaska governor said in …

Musk Sued by Twitter Investors for Stock ‘Manipulation’ During Takeover Bid

Billionaire Elon Musk was sued by Twitter Inc .investors claiming he manipulated the company’s stock price downward, as the chief executive of electric carmaker Tesla Inc. mounts a $44 billion takeover bid for the social media platform. The investors said …