Caroline Ellison has been transferred from federal jail to neighborhood confinement after serving roughly 11 months of her two-year sentence for her function within the $11 billion FTX fraud scheme. The former Alameda Research CEO was moved from Danbury Federal Correctional Institution in Connecticut to both dwelling confinement or a midway home on October 16,…
Former FTX CEO Sam Bankman-Fried (SBF), presently serving a 25-year prison sentence following his conviction on seven felony costs, has submitted an enchantment to a U.S. court docket searching for to cut back his jail time period. According to a current scheduling notice from the U.S. Court of Appeals for the Second Circuit, oral arguments…
FTX creditors have filed an updated class action lawsuit against Silicon Valley law firm Fenwick & West, alleging the firm was a “key” participant in the $8 billion fraud that led to the crypto exchange’s collapse. The complaint accuses Fenwick of having actual knowledge of the fraud while providing substantial assistance in its perpetration, including…