Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back
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NEW YORK: Sam Bankman-Fried, facing the prospect of spending much of his adult life behind bars, on Thursday appealed his conviction and 25-year prison sentence for stealing US$8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded.
NEW YORK (Reuters) -- Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.
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Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 initial public offering until it resolved cybersecurity and privacy concerns.
Jurors at the sex defamation trial of Donald Trump began deliberations Friday after a judge told them Trump "sexually assaulted" writer E. Jean Carroll in the mid-1990s and defamed her in statements he made as president while denying her allegation.
A federal judge Thursday quickly lost patience with Donald Trump's lawyer as she grilled E. Jean Carroll on her income and social media history as part of the former president's civil defamation trial.