Sentenced
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -Former billionaire investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10 billion. Hwang was sentenced by U.S. District Judge Alvin Hellerstein…
In his remarks before handing down the sentence in a Manhattan federal courtroom, US District Judge Lewis Kaplan praised Ellison for cooperating in the prosecution against Bankman-Fried, the disgraced crypto mogul and her former romantic partner.Addressing Ellison directly, the judge acknowledged her cooperation “has come at a serious price emotionally…
Caroline Ellison, the ex-executive who pleaded guilty to conspiring with disgraced crypto mogul Sam Bankman-Fried, has been sentenced to two years in prison for her role in an $11 billion fraud scheme.US District Judge Lewis Kaplan handed down the sentence in a Manhattan federal courtroom shortly after Ellison delivered a…
A Russian court on Thursday sentenced US-Russian citizen Ksenia Khavana to 12 years in jail for treason.Her crime was donating $51 to a charity supporting Ukraine.According to multiple news reports, the 33-year-old amateur ballerina pleaded guilty in a closed-door trial last week after her arrest in Yekaterinburg, Russia, in February.Khavana…
By Deborah BloomSEATTLE (Reuters) -Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. money-laundering laws at the world’s largest cryptocurrency exchange.The sentence was imposed by U.S. District Judge Richard Jones in Seattle, who rejected prosecutors’ request…
A federal judge sentenced a former Army service member to prison for running a romance scam.Romance scams cost Americans $1.3 billion in 2022.The service member impersonated military officials and others to defraud his victims, police say. A US soldier will spend more than three years in federal prison for a…
Quiver Quantitative – Sam Bankman-Fried, the former FTX co-founder, has been sentenced to 25 years in prison in a landmark decision that has had a profound impact on the cryptocurrency industry. U.S. District Judge Lewis A. Kaplan in Manhattan handed down the sentence following Bankman-Fried’s conviction on multiple charges, including…
