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Sam Bankman-Fried guilty of defrauding FTX crypto customers out of billions of dollars | US News
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Sam Bankman-Fried has been found guilty of defrauding customers of his cryptocurrency exchange out of billions of dollars. The 31-year-old could be sentenced to more than 100 years in prison after stealing money from clients of FTX. A Manhattan jury convicted him on all seven counts after a month-long trial. FTX collapsed last November, shocking…
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Elon Musk and Tesla going on trial over claims his tweets cost investors billions of dollars | Science & Tech News
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Elon Musk and Tesla are set to go on trial over allegations that shareholders were defrauded out of billions of dollars by his tweets. The company’s chief executive wrote in 2018 that he had “secured” funding to take the electric carmaker private and later that investor backing was “confirmed”, causing shares to soar and then…