Money

Sam Bankman-Fried convicted in FTX collapse

Published

7 months ago

November 3, 2023

ticker NEWS

The verdict comes after a lengthy legal battle that began when FTX abruptly shut down last year, leaving thousands of investors in the lurch.

The court found Bankman-Fried guilty of multiple charges, including fraud, embezzlement, and securities violations. The collapse of FTX resulted in billions of pounds in losses for its users, many of whom had entrusted their savings to the exchange. Bankman-Fried’s conviction marks a significant development in the ongoing investigation into the cryptocurrency industry’s regulation and accountability.

During the trial, prosecutors argued that Bankman-Fried had knowingly misled investors about the financial health of FTX and had siphoned off funds for personal gain. His defense team claimed that he was unaware of the extent of the financial problems at the exchange and had acted in good faith.

The verdict has sent shockwaves through the cryptocurrency community and raised questions about the need for stricter regulation in the industry. Many are now calling for increased oversight and transparency to prevent similar incidents in the future.

Money

The integral step to entering the property market

Published

2 days ago

May 20, 2024

ticker NEWS

In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

Money

LA real estate agent reveals the secret to success

Published

2 days ago

May 20, 2024

ticker NEWS

What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

Money

Why the meme-stock frenzy is unlikely to repeat

Published

1 week ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending