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Larry Neumeister, Associated Press

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Larry’s Recent Stories

Economy Nov 02

FTX founder Sam-Bankman-Fried convicted of defrauding cryptocurrency customers

A New York jury has convicted FTX founder Sam Bankman-Fried of fraud charges. The 31-year-old California man was convicted Thursday in Manhattan federal court by jurors who rejected his testimony that he didn't defraud customers.

Nation Oct 27

In court, FTX’s Sam Bankman-Fried denies he took customers’ funds but acknowledges that people got hurt

FTX founder Sam Bankman-Fried is testifying at his fraud trial saying he hoped would move the cryptocurrency ecosystem forward but ended up doing the opposite and hurting customers.

Economy Oct 26

FTX founder Bankman-Fried testifies outside jury’s presence as judge decides what he can say

Sam Bankman-Fried got a test run at testifying at his New York criminal trial when a judge sent jurors home but let him demonstrate portions of his testimony before deciding what jurors will hear on Friday.

Politics Oct 23

Sen. Menendez enters not guilty plea to a new conspiracy charge

U.S. Sen. Bob Menendez returned to court Monday and entered a not guilty plea to a charge alleging that he conspired to act as an agent of the Egyptian government when he chaired the Senate Foreign Relations Committee.

Politics Oct 12

Sen. Menendez charged with being unregistered agent of the Egyptian government

Federal prosecutors have rewritten their indictment against U.S. Sen. Bob Menendez of New Jersey and his wife to charge them with conspiring to have him act as an agent of Egypt and Egyptian officials.

Nation Oct 07

FTX co-founder tells jury Sam Bankman-Fried stole customer funds from the beginning

Sam Bankman-Fried authorized the illegal use of FTX customers' funds and assets to plug financial gaps at an affiliated hedge fund from the exchange's earliest days, FTX's co-founder Gary Wang told a New York jury on Friday.

Economy Oct 03

Jury selection begins in trial of fallen FTX founder Sam Bankman-Fried

Jury selection started Tuesday morning after a prosecutor revealed that the 31-year-old crypto executive was not offered any plea deals, and there were no discussions about a possible plea since his arrest last December.

Politics Sep 27

Sen. Bob Menendez pleads not guilty to bribery charges

Menendez will make his first court appearance Wednesday in Manhattan's federal court amid growing calls from colleagues that he resign.

Politics Aug 15

Former FBI official pleads guilty to conspiracy charge for helping Russian oligarch

The 55-year-old told the judge that he carried out his crime in 2021, accepting over $17,000 to help Russian energy magnate Oleg Deripaska. Prosecutors say McGonigal was in negotiations along with co-conspirators to receive a fee of up to $3…

Nation Aug 11

FTX founder Sam Bankman-Fried jailed after judge revokes bail in crypto fraud case

FTX founder Sam Bankman-Fried was sent to jail Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him.

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