Daily Archives: December 17, 2022, 1:24 pm

Disgraced crypto guru Sam Bankman-Fried will likely be placed on suicide watch | Daily Mail Online

Fallen crypto guru Sam Bankman-Fried is likely to be placed on suicide watch when moved to a tiny cell in his hellhole jail in the Bahamas, a prison official has told DailyMail.com exclusively. The former CEO of collapsed currency exchange FTX – who takes medication for depression – remains under evaluation in the maximum security sickbay and is expected to…

Read More

Is Crypto Insider Trading Really “Insider Trading”? – El American

U.S. law currently does not statutorily define insider trading. But it’s understood to take place when someone with a fiduciary duty executes trades on the basis of material, non-public information. Those who engage in insider trading most frequently face civil penalties pursued by the SEC and/or criminal prosecution by the Justice Department. Section 10(b) of the Securities Exchange Act of 1934 and the SEC-promulgated…

Read More

Opinion | Celebrity Crypto-Hawkers Should Get a Close Look – The New York Times

More vulnerable to investigation are those celebrities who may have exposed themselves to the possibility that they knew, or were reckless in not knowing, that the crypto firm they had partnered with was allegedly deceiving investors. In several ads Mr. Brady and his then-wife, Ms. Bündchen, didn’t distance themselves in the same way that Mr. Curry and Mr. David did;…

Read More

Former FTX spokesman Kevin O’Leary defends endorsement of crypto firm

Kernen minced no words with the Canadian businessman. “Are you still calling yourself a venture investor?” the Squawk Box host asked O’Leary. “Your venture investing was your name being able to used as a spokesperson?” “Joe, bad news. I have a very large advisory business,” O’Leary retorted. Kernen continued to press O’Leary. “Are you still conflating money you got paid…

Read More