Fraud Archives - Page 2 of 6

FTX Associates ‘Cooperating with Investigators’ in Case against Sam Bankman-Fried

Two associates of former FTX CEO Sam Bankman-Fried are reportedly "cooperating with investigators" in the prosecutors' fraud case against the boss of the failed cryptocurrency exchange. Bankman-Fried former allies have pleaded guilty to criminal fraud charges related to the collapse of the FTX. Caroline Ellison, the former CEO of Alameda…

Top Executives Plead Guilty to Federal Fraud Charges in FTX Case

Two former top executives have pleaded guilty to federal fraud charges in the case against now-bankrupt cryptocurrency exchange FTX. Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, a co-founder of FTX, have both reportedly pleaded guilty and are cooperating in the criminal fraud case. Prosecutors say the…

Sam Bankman-Fried Seeks to Launch New Business after FTX Collapse

FTX founder Sam Bankman-Fried has revealed his plans to launch a new business venture just weeks after the historic collapse of his cryptocurrency exchange. Bankman-Fried is currently facing a number of civil lawsuits brought against both him and his failed company. In an interview with the BBC published on Saturday,…

Judge Throws Book at Michael Avenatti, Sentences Him to 14 Years in Prison

A judge has thrown the book at Michael Avenatti and sentenced the disgraced Democrat lawyer to 14 years in prison in his last criminal case. U.S. District Judge James V. Selna dropped the hammer on Aveannti after he was convicted of years-long financial fraud that victimized clients, his law firm,…

Maria Bartiromo Unloads on FTX: ‘Is It Because He Donated $40M to Democrats That He Isn’t in Handcuffs?’

Fox Business star Maria Bartiromo has spoken out to ask why disgraced FTX "fraudster" Sam Bankman-Fried has not been arrested yet. During her show "Mornings with Maria," Bartiromo asked Sen. Cynthia Lummis (R-WY) whether Bankman-Fried is getting TV interviews rather than getting arrested because he donated a massive amount of…

Biden Admin Unable to Account for $20 Billion in U.S Aid Sent to Ukraine

Democrat President Joe Biden's administration is reportedly "scrambling" to account for almost $20 billion in taxpayer money that was sent to Ukraine as military aid. Biden admin officials are desperately trying to track the missing funds as Republicans warn of impending audits when they take control of the House in…

Federal Prosecutors Were Investigating FTX Months before Collapse but Dropped Case

Federal prosecutors in New York were investigating the recently-imploded cryptocurrency exchange FTX months before it filed for bankruptcy on November 11, according to reports. Slay News has been extensively reporting on the FTX scandal and highlighted the money laundering operation the company and its founder and CEO, Sam Bankman-Fried, were running in Ukraine to pump money…

FTX Scandal Deepens as Details of Fraud and Regulatory Neglect Emerge

Following the implosion of cryptocurrency company FTX last week, details are still emerging that reveal fraud and regulatory neglect as the scandal deepens. In the U.S., politicians are calling for stricter regulations on the cryptocurrency industry amid the FTX bankruptcy and potential fraud. “It shows the weaknesses of this entire…

Major Democrat Donor Facing Criminal Charges after Blowing Billions of Clients’ Money

A major Democrat donor is facing criminal charges after blowing billions of dollars in clients' money. Sam Bankman-Fried, one of the year’s biggest Democratic Party donors, imploded after Election Day and has been accused of losing his client money by blasting it on risky bets. He is now in a…

Democrat Senator under Federal Investigation for Corruption AGAIN

A Democrat senator is under federal investigation for corruption for a second time, according to reports. Sen. Robert Menendez (D-NJ) faces a new investigation after he was previously charged with corruption by federal authorities. In his previous case, Menendez managed to avoid prosecution by getting a mistrial. “Prosecutors in the…