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FTX founder Bankman-Fried’s campaign finance charges ‘just the tip of the iceberg’ FTX founder and former CEO Sam Bankman-Fried was charged with violating a slew of campaign finance laws on Tuesday, marking another major blow for the former crypto leader. According to the unsealed indictment, the U.S. District Court in Manhattan alleged that in addition to…
FTX hearing: 6 big revelations from House panel questioning The first House hearing on the collapse of FTX didn’t have the company’s disgraced founder and former CEO, Sam Bankman-Fried, who was arrested on the eve of his highly anticipated testimony. But lawmakers still drew crucial revelations about the company’s demise from John J. Ray III,…
Consumers may feel relief after inflation slowed in November A November slowdown in inflation could give consumers relief both from rising prices and rapidly rising interest rates. Consumer price index (CPI) data released Tuesday by the Labor Department still showed inflation near 40-year highs. But a slower pace of price growth may help Americans catch…
SEC charges former FTX CEO with defrauding investors in ‘house of cards’ The Securities and Exchange Commission (SEC) has charged former FTX CEO Sam Bankman-Fried with organizing a scheme to defraud investors after he was arrested in the Bahamas on Monday ahead of expected charges being filed. “We allege that Sam Bankman-Fried built a house…
FTX founder Sam Bankman-Fried arrested in Bahamas The founder and former CEO of the bankrupt cryptocurrency platform FTX, Sam Bankman-Fried, was arrested Monday in the Bahamas and will be indicted in the U.S. as soon as Tuesday morning, according to U.S. and Bahamian authorities. The attorney general for the Bahamas said in a statement Monday that…
Lawmakers race toward Christmas deal on spending Congressional negotiators are racing to strike a bipartisan deal on government funding for fiscal year 2023 this week, but they have a long way to go before they can put a bow on an omnibus before Christmas. Lawmakers have until midnight on Friday to pass legislation to keep…
“Goldman Sachs to chop at least 400 in retail banking unit: report” Goldman Sachs aims to cut at least a few hundred more jobs, Bloomberg Law reported on Monday, citing people familiar with the matter. The bank is drafting plans that could eliminate at least 400 positions from its loss-making retail banking operations, according to the…
Greene creates new headache for McCarthy over Jan. 6 Rep. Kevin McCarthy (Calif.) is being dragged into a new row set off by Rep. Marjorie Taylor Greene (R-Ga.) as Democrats seek to tie the would-be GOP Speaker to the firebrand lawmaker’s remarks that Jan. 6 rioters would have been armed if she had been their…
The Hill’s Morning Report — Congress is running out of time for big fiscal deal The clock is running out for Congress to fund the government and avoid a shutdown by Friday at midnight. With the holidays fast approaching, lawmakers are facing a familiar time crunch on two must-pass bills — an omnibus government funding…
Jan. 6 panel eyes new beginning with DOJ as partner in Trump probe The House committee investigating the Jan. 6, 2021, attack on the Capitol is increasingly turning to the Department of Justice as a potential partner for carrying out its mission once the panel sunsets. The two investigative teams have at times been at…