Money

Sam Bankman-Fried must be jailed, prosecutors say

Published

5 months ago

July 27, 2023

ticker NEWS

Prosecutors in the Manhattan federal court are seeking to jail cryptocurrency mogul Sam Bankman-Fried, the former CEO of FTX, ahead of his fraud trial.

They allege that he “crossed a line” by working with a journalist to pressure a key witness, his ex-girlfriend Caroline Ellison, who is set to testify against him.

Prosecutors claim that this amounts to witness tampering, as Bankman-Fried provided the reporter with personal writings from Ellison. They point out that he has had more than 1,000 phone calls with journalists, which they consider an escalation of an ongoing campaign with the press.

Gag order

During a hearing, Judge Lewis Kaplan ruled that Bankman-Fried could temporarily remain free on bond but imposed a gag order. The judge warned him to take the situation seriously.

The gag order will remain in place until Kaplan makes a proper ruling once the official motions from both the prosecution and the defense are filed on August 1 and August 3, respectively.

Bankman-Fried’s defense attorney, Mark Cohen, objected to the request to detain his client, arguing that the sudden request blindsided them and infringes on his right to speak to the press.

He emphasised that Bankman-Fried has had negative stories published about him, and his interactions with the media were an effort to protect his reputation.

The case revolves around allegations of misappropriating billions of FTX customer funds to cover losses from risky bets at the cryptocurrency hedge fund, as well as bankrolling a lavish lifestyle.

Bankman-Fried faces trial on October 2 and has denied any wrongdoing, pleading not guilty to the charges. Ellison, along with two other former FTX executives, has agreed to cooperate with authorities in the case against him.

Leaders

Diversifying and enhancing payment methods

Published

22 hours ago

December 8, 2023

ticker NEWS

American Express reveals Australian homeowner bill payment insights

In response to the growing trend of card and tap-and-go payments, organisations are adapting their systems to accommodate diverse payment options.

American Express recently conducted research shedding light on homeowner sentiments towards local councils, with a focus on Australian attitudes and behaviours related to bill payments.

Vice President and General Manager of Global merchant services at American Express, Robert Tedesco, provides his insights.

Leaders

Explosive growth and dominance of the audio industry

Published

1 day ago

December 8, 2023

ticker NEWS

Global radio market hits staggering $143 billion valuation, cementing audio industry’s dominance

The audio industry continues to assert itself as a formidable force, with the 2023 global radio market reaching a substantial value of $143 billion.

The podcast market has surged to an impressive worth of $18.52 billion, showcasing a compound annual growth rate of 27.6%.

Tony Simmons, CEO and founder of Sonnant, discusses how the audio industry can be made even better.

Presented by VentureCrowd – To find out more about Conscious Investing, head to www.venturecrowd.com.au

Money

Nick Kyrgios shocks fans with surprise OnlyFans announcement

Published

1 day ago

December 8, 2023

ticker NEWS

Tennis sensation Nick Kyrgios sent shockwaves through the sports and entertainment world today as he revealed a surprising career move.

The Australian athlete, known for his fiery on-court antics and charismatic personality, has announced his entry into the world of OnlyFans, a platform typically associated with adult content creators.

In an unexpected turn of events, Kyrgios took to social media to share the news with his followers. He stated, “I’ve always enjoyed pushing boundaries and breaking the mold. I’m excited to announce that I’ll be joining OnlyFans to share exclusive content and connect with my fans in a new way.”

The announcement has left fans and pundits alike wondering what kind of content Kyrgios will be sharing on the platform.

The decision has sparked a debate about the intersection of sports and social media, as well as the evolving landscape of content creation.

Some fans are eagerly anticipating behind-the-scenes glimpses of Kyrgios’s life, while others are questioning the potential impact on his professional tennis career.