Tag Archives: counts

Sam Bankman-Fried pleaded not guilty to eight different counts of wire fraud, securities fraud, and conspiracy before a U.S. federal court in the Southern District of New York on Tuesday. U.S. prosecutors allege that under Bankman-Fried’s direction, FTX, once considered one of the largest and most-trusted cryptocurrency exchanges, transferred billions in customer assets to his trading firm, Alameda Research. If convicted of these charges, Bankman-Fried faces up to 115 years in prison. A trial… Source link

ARK Invest founder and CEO Cathie Wood thinks many of the market’s woes may be alleviated if Republicans win control of at least one chamber of Congress this midterm cycle. The famed fund manager, whose speculative technology-focused funds have been battered by restrictive central bank policies, said in a webcast Tuesday that a Republican sweep of the House may usher in more welcome fiscal decision-making. “I don’t think it will be because of the Republicans getting into office,” she… Source link

The Arizona Cardinals are facing another off-field situation this year. Running backs coach James Saxon is awaiting a trial date after being charged with two counts of domestic battery on May 25 for an alleged incident on May 7. Saxon allegedly assaulted a woman in front of a child younger than 16 years old in Indianapolis, according to ESPN. Saxon faces a sentence of six months to 2.5 years and a possible fine of up to $10,000 for the Level 6 felony (the least serious in Indiana) and up to… Source link

Theranos founder Elizabeth Holmes was convicted on three counts of criminal wire fraud and one count of conspiracy to commit wire fraud Monday, with a jury unanimously finding her guilty of illegally fleecing investors out of millions of dollars through her startup blood diagnostics company.  The jury deadlocked on three counts of wire fraud, and she was found not guilty on four counts of defrauding patients. Holmes, 37, turned toward the judge and jurors as the judge’s deputy read the… Source link

A federal jury has said it has failed to reach a unanimous verdict on three of 11 counts in the criminal case against Theranos founder Elizabeth Holmes, who was accused of defrauding patients and investors in a blood-testing startup once valued at $9 billion. During a proceeding Monday where Holmes was present, both her attorneys and prosecutors agreed that Judge Edward Davila could bring in jurors so he could read a jury instruction encouraging deadlocked jurors to continue… Source link