Daily Archives: December 13, 2022, 9:24 am

Latham, McDermott, Squire and Others Stock Up on Govt Talent in White-Collar Defense Practices | Law.com

Big Law firms within the nation’s capital and beyond have continued to bolster their white-collar defense practices through the final weeks of the year, as increased enforcement actions are anticipated on the horizon. Latham & Watkins, Squire Patton Boggs, McDermott Will & Emery, King & Spalding, Winston & Strawn, Jones Day and Quinn Emanuel Urquhart & Sullivan are all among…

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FTX executives spent $256 million on Bahamas real estate

Bahhamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million spent to buy and maintain 35 different properties across New Providence, Bahamas. Now, Bahamas regulators are trying to claw back the property from FTX’s U.S. bankruptcy protection proceedings, telling a Delaware federal bankruptcy judge that allowing the properties to be administered in U.S. courts would be both…

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SEC Awards More Than $20 Million to Whistleblower

The Securities and Exchange Commission today announced an award of more than $20 million to a whistleblower who provided information and assistance that significantly contributed to a successful enforcement action. The whistleblower provided new information, met with Enforcement Division staff multiple times, and remained cooperative throughout the investigation. “Whistleblowers may lead to the success of an enforcement matter by providing…

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SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTX

The Securities and Exchange Commission today charged Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX Trading Ltd. (FTX), the crypto trading platform of which he was the CEO and co-founder. Investigations as to other securities law violations and into other entities and persons relating to the alleged misconduct are ongoing. According to the SEC’s complaint, since…

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