Ryan Salame, ex-FTX executive, initially sentenced to over seven years for unlawful political contributions, has had one year reduced from his sentence. The adjustment follows federal guidelines on good behavior.
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Category: Sam Bankman-Fried
Elon Musk Predicts President Biden Will Pardon SBF Despite 5% Odds on Polymarket
Elon Musk predicts that President Biden will pardon Sam Bankman-Fried (SBF), despite current betting odds suggesting only a 5% chance, citing SBF’s significant political contributions as a potential influence on the decision.
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FTX Sets January 3, 2025 as Date for Chapter 11 Reorganization Plan
FTX debtors have finalized January 3, 2025 as the initial distribution date for its court-approved Chapter 11 Plan of Reorganization just over two years after the Sam Bankman-Fried’s crypto exchange collapsed in November 2022. FTX Debtors To Pay Back Victims Of Doomed Crypto Exchange According to a December 16 press release from FTX and its […]
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Alameda Research CEO Caroline Ellison’s Prison Release Date Moved Up
Former Alameda Research CEO Caroline Ellison’s prison release date has been moved up just three weeks after the one-time girlfriend of FTX founder Sam Bankman-Fried reported to prison for her role in the multi-billion dollar crypto scandal, Federal Bureau of Prisons records seen by Business Insider this week reveal. Ellison formally began her time behind bars on November 7.
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Damian Williams, U.S. Attorney Behind SBF Conviction, to Resign
U.S. Attorney Damian Williams, responsible for prosecuting Sam Bankman-Fried and other high-profile cases, announced his resignation on November 25. His departure sets the stage for a new leader in the Southern District of New York, with Edward Y. Kim set to take over.
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FTX’s Gary Wang Gets No Prison Time
According to multiple reports, U.S. District Judge Lewis Kaplan sentenced Wang to time served, three years of supervised release, and has been ordered to forfeit illicit funds obtained as part of the scheme. Wang was responsible for writing the actual code that executed illicit transactions of FTX customer funds.
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Former SEC Chair Jay Clayton Tapped By Donald Trump For USDNY Attorney Role
Former United States Securities and Exchange Commission (SEC) Chair Jay Clayton has been selected By President-elect Donald Trump to serve as the U.S. attorney for the Southern District of New York, the former U.S. president announced Thursday, November 14. Clayton previously served as SEC Chair from 2017 to 2020, notably approving a federal securities lawsuit against Ripple Labs.
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U.S. Government Seeks Crypto in Connection With SBF’s Bribes to Chinese Officials
U.S. officials filed a complaint to seize crypto tied to Sam Bankman-Fried’s alleged $40M bribe to Chinese officials in 2021. The funds sought to unlock Alameda Research accounts frozen during Chinese crackdowns. Bankman-Fried, now serving a 25-year sentence, faces increasing legal scrutiny.
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Apple Developing Movie on FTX Founder Sam Bankman-Fried, Based on Michael Lewis’ Book
Apple Studios and A24 are producing a film about FTX founde rSam Bankman-Fried, based on Michael Lewis’ bestselling book.
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Former Alameda Research CEO Caroline Ellison Begins Two Year Prison Sentence
Former Alameda Research Caroline Ellison began her two year prison sentence Thursday, November 7 for her role in the FTX collapse, the Federal Bureau of Prisons revealed this week. Ellison will also be forced to pay an $11 billion fine.
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