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Join the Securities Litigation and Enforcement Group on LinkedInSam Bankman-Fried parts ways with Paul Weiss lawyers | Semafor
Sam Bankman-Fried has parted ways with the white-shoe lawyers helping him as he faces federal investigations into the collapse of his crypto empire, people familiar with the matter said. Bankman-Fried, the 30-year-old whose FTX exchange and web of related crypto firms unraveled last week, had been working with Martin Flumenbaum at Paul, Weiss, Rifkind, Wharton […]
Elizabeth Holmes Is Sentenced to More Than 11 Years in Prison for Defrauding Theranos Investors – WSJ
Elizabeth Holmes, the founder of Theranos Inc. who was convicted of defrauding investors, was sentenced to more than 11 years in prison, capping the extraordinary downfall of a onetime Silicon Valley wunderkind who promised to revolutionize blood testing. U.S. District Judge Edward Davila, who oversaw the trial in which Ms. Holmes was found guilty of […]
They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire – WSJ
The emerging picture suggests FTX wasn’t simply felled by a rival, or undone by a bad trade or the relentless fall this year in the value of cryptocurrencies. Instead, it had long been a chaotic mess. From its earliest days, the firm was an unruly agglomeration of corporate entities, customer assets and Mr. Bankman-Fried himself, […]