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Sam Bankman-Fried convicted in FTX collapse

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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.

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Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

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Money

Rich listers secret’s: how billionaires build their wealth

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Australian billionaires, including Gina Rinehart, have built their wealth by investing in valuable, income-generating assets.

For the average person looking to build their wealth, one possible option could be to buy quality assets like stocks when the market dips.

Mark Wyld from MW Wealth joins to discuss. #featured #trending #wyld money

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Buyer’s agent unveils key to building wealth through property

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Unveiling the strategies for game-changing wealth building through property.

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 is joined by Buyers Agent, Jack Henderson from Henderson Advocates. #trending #wyld money

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