US Justice Department , Seeks Probe Into , FTX Fraud Allegations.
Authorities in the United States are reportedly
pushing for an independent examiner to
investigate fraud allegations against FTX.
.
Authorities in the United States are reportedly
pushing for an independent examiner to
investigate fraud allegations against FTX.
.
Business Insider reports that a court filing submitted
by the Justice Department calls for a probe into
alleged wrongdoing that led to the company's crash.
Business Insider reports that a court filing submitted
by the Justice Department calls for a probe into
alleged wrongdoing that led to the company's crash.
An examiner could – and should –
investigate the substantial and serious
allegations of fraud, dishonesty,
incompetence, misconduct
and mismanagement by the Debtors, Justice Department, court filing, via Business Insider.
An examiner could – and should –
investigate the substantial and serious
allegations of fraud, dishonesty,
incompetence, misconduct
and mismanagement by the Debtors, Justice Department, court filing, via Business Insider.
This is especially true where, as here,
there are colorable claims that certain
of the Debtors misappropriated
$10 billion of their customers' assets, Justice Department, court filing, via Business Insider.
This is especially true where, as here,
there are colorable claims that certain
of the Debtors misappropriated
$10 billion of their customers' assets, Justice Department, court filing, via Business Insider.
According to various reports and filings, FTX was
funneling customer funds into Alameda Research,
the crypto-trading arm of Bankman-Fried's empire.
According to various reports and filings, FTX was
funneling customer funds into Alameda Research,
the crypto-trading arm of Bankman-Fried's empire.
The same filings and reports showed that
$300 million of customer funds were also used
to purchase luxury homes in the Bahamas.
.
Business Insider reports that
$2 billion of customer funds
are still unaccounted for.
Bankman-Fried has denied
allegations of fraud, claiming that he was
unaware of what was occurring at his companies.
Bankman-Fried has denied
allegations of fraud, claiming that he was
unaware of what was occurring at his companies.
I didn't ever try to commit fraud
on anyone.
I was shocked by
what happened this month, Sam Bankman-Fried, 'New York Times' DealBook
summit statement, via Business Insider.
Business Insider reports that the collapse of FTX
has sent waves through the crypto market, sparking
concerns that further turmoil will rattle the industry.
Victims of disgraced former Team USA doctor Larry Nassar will receive a massive $138.7 million payout from the U.S. Department of Justice. The U.S. Department of.. TMZ.com
Apple May Be Ready , to Support RCS by Fall.
On March 29, Google briefly highlighted
a part of the Google Messages page stating
that Apple is preparing to roll out Rich Communication Services (RCS) support this fall.
On March 29, Google briefly highlighted
a part of the Google Messages page stating
that Apple is preparing to roll out Rich Communication Services (RCS) support this fall.
Some of the page's sections read,
"coming soon on iOS" and
"better messaging for all,"
TechCrunch reports.
Apple has announced it will be adopting
RCS in the fall of 2024. Once that
happens, it will mean a better
messaging experience for everyone, Via Google page description.
Apple confirmed that it was developing
RCS support last November.
While RCS will not eliminate the
"green bubble-blue bubble" differentiation between Android and iPhone users.
it will allow Android users to send iPhone users
hi-res media within their native messaging app.
New RCS features, such as Photomoji, improved voice note audio quality and more, were announced by Google last year.
According to the tech giant,
1 billion people use RCS each month.
The news of Apple's upcoming RCS support comes as the company is being sued by the U.S. Department of Justice over alleged monopolistic practices, TechCrunch reports.
The lawsuit mentions
"green bubbles" as a user security issue
Credit: Wibbitz Top Stories Duration: 01:31Published
China-Based Hackers , Hit With Sanctions and Indictments , Over Cyber Attacks.
ABC reports that the United States has
sanctioned hackers based in China over
alleged attacks on critical U.S. infrastructure.
According to the U.S. Treasury Department,
a state-sponsored front company has provided
cover for multiple cyber attacks on U.S. infrastructure. .
Sanctions by the U.S. and the United Kingdom have
targeted representatives of Wuhan Xiaoruizhi
Science and Technology Company Ltd. (Wuhan XRZ).
The U.S. Treasury Department alleges
that Wuhan XRZ acts as a China-based
Ministry of State Security (MSS) front company. .
ABC reports that the allegations include malicious cyber operations that include the 2020 spear phishing operation against the U.S. Naval Academy. .
ABC reports that the allegations include malicious cyber operations that include the 2020 spear phishing operation against the U.S. Naval Academy. .
On March 25, the U.S. Justice Department indicted seven individuals on charges stemming from their alleged involvement with these malicious operations.
On March 25, the U.S. Justice Department indicted seven individuals on charges stemming from their alleged involvement with these malicious operations.
The Justice Department will not
tolerate efforts by the Chinese
government to intimidate Americans
who serve the public, silence the
dissidents who are protected
by American laws, or steal
from American businesses, Merrick Garland, Attorney General statement, via ABC.
This case serves as a reminder
of the ends to which the Chinese
government is willing to go to
target and intimidate its critics,
including launching malicious cyber
operations aimed at threatening
the national security of the
United States and our allies, Merrick Garland, Attorney General statement, via ABC.
ABC reports that court documents show
that the hackers targeted politicians and
other prominent officials with "tracking links.".
The Conspirators used this method
to enable more direct and sophisticated
targeting of recipients' home routers
and other electronic devices,
including those of high-ranking U.S.
government officials and politicians
and election campaign staff from
both major U.S. political parties, Court documents, via ABC.
The Conspirators used this method
to enable more direct and sophisticated
targeting of recipients' home routers
and other electronic devices,
including those of high-ranking U.S.
government officials and politicians
and election campaign staff from
both major U.S. political parties, Court documents, via ABC
Credit: Wibbitz Top Stories Duration: 01:30Published
The US Justice Department takes on tech giant Apple in a blockbuster antitrust lawsuit, alleging monopolistic practices in the smartphone market. The lawsuit accuses Apple of exploiting its market power to extract higher fees from consumers and developers. Get all the details and the latest updates on this high-stakes legal battle.
#USNews #USSuesApple #USvsApple #USA #Apple #USGovernment #SmartphoneMarket #USJusticeDepartment #AppleNews #Oneindia
~PR.274~ED.194~
Sam Bankman-Fried , Speaks Out After Sentencing.
The former FTX CEO was sentenced
to 25 years in prison on March 28.
He was previously convicted of fraud, conspiracy and money laundering.
In an exclusive interview with ABC News,
the 32-year-old exhibited remorse for his actions, saying, "It's most of what I think about each day.".
Bankman-Fried attributed FTX's downfall to many "bad decisions" made in 2022, ABC News reports. .
I never thought that what I was
doing was illegal. But I tried to hold
myself to a high standard, and I
certainly didn't meet that standard. , Sam Bankman-Fried, to ABC News.
I've heard and seen the despair,
frustration and sense of betrayal from
thousands of customers; they deserve
to be paid in full, at current price, Sam Bankman-Fried, to ABC News.
That could and should have
happened in November 2022,
and it could and should happen
today. It's excruciating to see
them waiting, day after day, Sam Bankman-Fried, to ABC News.
Bankman-Fried went on to say that he's "haunted, every day, by what was lost.".
I'd give anything to be able to help
repair even part of the damage.
I'm doing what I can from prison,
but it's deeply frustrating not
to be able to do more, Sam Bankman-Fried, to ABC News.
Bankman-Fried plans to
appeal based on trial testimony that
"greatly misstated what actually happened.".
I'd give anything to be out there, trying
to make a positive difference in the
world, but I know that's not going to
happen. I can't help from prison, Sam Bankman-Fried, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Sam Bankman-Fried , Sentenced to 25 Years , for FTX Fraud.
On March 28, Sam Bankman-Fried was sentenced to
25 years in prison after being found guilty of defrauding
users of FTX, the now-collapsed cryptocurrency exchange. .
NBC reports that Lower Manhattan federal district
Judge Lewis Kaplan found the defense's arguments
misleading, speculative and logically flawed.
The judge accused Bankman-Fried of committing
obstruction of justice and tampering with
witnesses while mounting his defense.
Kaplan reportedly said that those
factors played a role in his decision
about how to sentence Bankman-Fried.
Prosecutors had originally sought a longer sentence
of 50 years, while the defense fought for
Bankman-Fried to get no more than six and a half years.
Prosecutors had originally sought a longer sentence
of 50 years, while the defense fought for
Bankman-Fried to get no more than six and a half years.
In November, Bankman-Fried was convicted on seven
criminal counts. He has been held at Brooklyn's
Metropolitan Detention Center while awaiting sentencing.
In November, Bankman-Fried was convicted on seven
criminal counts. He has been held at Brooklyn's
Metropolitan Detention Center while awaiting sentencing.
At one time, FTX was valued at over $30 billion
but ultimately collapsed in November of
2022 after announcing a major cash shortfall.
At one time, FTX was valued at over $30 billion
but ultimately collapsed in November of
2022 after announcing a major cash shortfall.
While on trial, Bankman-Fried was accused
of robbing FTX customers of nearly $8 billion,
which was partially used to fund the extravagant
lifestyles of the exchange's executives.
While on trial, Bankman-Fried was accused
of robbing FTX customers of nearly $8 billion,
which was partially used to fund the extravagant
lifestyles of the exchange's executives.
NBC reports that Bankman-Fried's sentence
is harsher than other white-collar crimes
in recent memory, such as Theranos founder
Elizabeth Holmes who received just 11 years.
NBC reports that Bankman-Fried's sentence
is harsher than other white-collar crimes
in recent memory, such as Theranos founder
Elizabeth Holmes who received just 11 years.
The outlet also notes that the judgement is more
similar to the 25-year sentence given to former
WorldCom CEO Bernie Ebbers or the 24-year
sentence given to Enron CEO Jeff Skilling.
The outlet also notes that the judgement is more
similar to the 25-year sentence given to former
WorldCom CEO Bernie Ebbers or the 24-year
sentence given to Enron CEO Jeff Skilling
Credit: Wibbitz Top Stories Duration: 01:30Published
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