Today's Business Headlines: 10\/6\/23
SBF’s close colleague reveals chats about money woes — and claims he warned FTX founder about ex-girlfriendFTX staff found ‘backdoor’ for withdrawing billions before collapse: reportThough the government seized Bankman-Fried’s two jets in an apparent move to ensure he and his family remain grounded in the US, the 31-year-old former billionaire reportedly never even flew on the planes.
Though Bankman-Fried’s model had just a wardrobe and storage cabinet aboard, the plane could accommodate upgrades like a movie theater and bedroom for travelers to enjoy on flights of up to 6,000 miles — about the distance from New York City to China, where FTX was headquartered before Bankman-Fried moved its hub to the Bahamas.Sam Bankman-Fried had his two private jets confiscated this week after being posed as a “flight risk.
The handshake also saw FTX loaning a sum of around $11 million to Aranha, which he repaid into an FTX customer account, according toAt the time, Bankman-Fried was also reportedly gearing up to invest $17 million in TIA via FTX Ventures in a deal that would make the jailed ex-billionaire joint owner of the Barbados-based plane airline.
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Sam Bankman-Fried Made Reasonable Business Decisions, Lawyers ClaimAs the FTX founder’s trial got underway, the prosecution claimed Bankman-Fried deliberately stole customer money and used it for his own trading. The defense countered that he always acted in good faith.
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Sam Bankman-Fried trial’s opening statements, important points as court hearing beginsIn what Judge Lewis Kaplan calls “electric quarantine” the jurors have been asked not to talk to anyone either on the news or the internet about the c
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Cocoa bean trader who lost $100,000 to FTX was first witness in Sam Bankman-Fried trialSam Bankman-Fried's trial is underway in New York, as prosecutors try to prove the crypto entrepreneur misused billions of dollars of client money
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Author Michael Lewis on the rise and fall of Sam Bankman-FriedLawyers for Sam Bankman-Fried delivered opening statements in his criminal trial Wednesday. Prosecutors have accused the former FTX CEO of misusing billions of dollars in customer funds. Author Michael Lewis joins CBS News to discuss his new book, 'Going Infinite: The Rise and Fall of a New Tycoon,' which takes an in-depth look at the rise and fall of Bankman-Fried.
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12 people will decide the fate of former FTX CEO Sam Bankman-FriedJurors have been chosen — Sam Bankman-Fried’s fraud trial will come down to 12 jurors that range from early 30s to late 60s and retired investment banks to correction officers and non-profit workers.
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Cocoa broker testifies to Bitcoin holdings on FTX in Sam Bankman-Fried trialOn the second day of former FTX CEO Sam Bankman-Fried’s criminal trial, jury selection was finalized, both sides made opening arguments, and the first witness took the stand.
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