NEW YORK - Sam Bankman-Fried is set to go on trial on Tuesday on fraud and conspiracy charges related to the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded and led.Prosecutors say Bankman-Fried embezzled customer money to plug losses at Alameda Research, a crypto hedge fund he owned, as well as to make investments, buy real estate in the Bahamas, and donate to U.S. political campaigns - sometimes through "straw" donors used to mask the true source of the funds.
His lawyers have also said pooling and reallocation of customer funds was common among cryptocurrency platforms and have signalled they could challenge witnesses from FTX investors and Alameda lenders as to whether they did sufficient due diligence.Bankman-Fried once faced as many as 13 charges, but five counts that were brought after he was extradited from the Bahamas - including bank fraud and foreign bribery conspiracy charges - were split off into a separate trial scheduled for March 2024.
After being charged with raping a child and pleading not guilty, Alissa McCommon allegedly reached out to a minor and said he'd "regret" going to authorities, say policeMOREAU, N.Y. — A 9-year-old girl who vanished during a family camping trip in upstate New York was “safe and in good health” Monday after a massive two-day search ended with her rescue and the arrest of a person suspected in her abduction, police said.
Gary Meikle: Killer who murdered man in 'grotesque' attack and 'mutilated victim's private parts' is jailed
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