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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSam Bankman-Fried met with ‘Big Short’ author Michael Lewis
Currently holed up at his parents’ home at Stanford University after being released on $250 million bail last week following being slapped with federal charges of financial fraud and money laundering, Bankman-Fried was visited by bestselling author Michael Lewis. Sources exclusively told The Post Tuesday “Moneyball” writer Lewis spent several hours inside the residence just […]
FTX Bankruptcy: US DOJ Probes How $372 Million Vanished in Hack After Filing – Bloomberg
Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million out of FTX just hours after the cryptocurrency exchange filed for bankruptcy last month. The Department of Justice has launched a criminal probe into the stolen assets that is separate from the fraud case against FTX co-founder Sam Bankman-Fried, according to a […]
Antonia Apps Named Director of New York Regional Office
The Securities and Exchange Commission today announced that former federal prosecutor Antonia M. Apps will become Regional Director of the New York Regional Office next month. Thomas Smith and Maurya Keating, who have served as Acting Co-Directors, remain as Associate Regional Directors of the Enforcement and Examinations programs, respectively. Ms. Apps previously served as an […]
This little-known firm with a weird website was central to the misappropriation of FTX customers’ money, regulators say
Among the 130 or so companies in Sam Bankman-Fried’s sprawling crypto empire, North Dimension Inc. assumed a low profile. Unlike FTX, its name wasn’t splashed on billboards or sporting arenas, and its business wasn’t promoted by celebrities. Still, North Dimension had a crucial role in the FTX mess, regulators now say. In fact, they contend, […]
Crypto-Land –- The Accountants Discover That It’s Terra Incognita – Re:Balance — Jim Peterson
With the spectacular flame-out of Sam Bankman-Fried’s crypto exchange FTX, the Armanino and Prager Metis firms have been sued over their audits of its US and international operations; Mazars pulled its “proof of reserve” report on Binance and cut ties with other crypto clients; BDO displayed its anxiety over its crypto client work; the Big […]
SEC Climate Rules Face Bipartisan Heat Over Farming Emissions
The SEC faces pressure from Congress to curtail its plans for big companies to disclose their suppliers’ greenhouse gas emissions amid mounting bipartisan concern that the reporting burden would ultimately fall on small and independent farmers. Dozens of Republican and Democratic lawmakers have asked the Securities and Exchange Commission to give large companies clearer legal […]
In the Bahamas, a Lingering Sympathy for Sam Bankman-Fried – The New York Times
Yet in interviews across the island Mr. Bankman-Fried called home for just over a year, residents almost universally said that while the white-collar nature of his crimes was troublesome, they were hardly comparable to the gang violence that pervades some corners of the island. They expressed fears of economic fallout for the island if he […]