Articles
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2 weeks ago |
cnbc.com | Dawn Giel |Contessa Brewer
State Farm is making its case this week for a major rate hike for California homeowners in a hearing that could prove crucial to the insurer's future. The state's largest property insurer needs approval to raise its rates on customers, and it's applied for an emergency rate increase. The company argues it needs the additional funds to boost capital and avert an increasingly dire financial situation following the devastating Los Angeles wildfires.
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Nov 20, 2024 |
nbcphiladelphia.com | MacKenzie Sigalos |Dawn Giel
Gary Wang was the fifth former FTX executive to be handed a punishment for his role in the collapse of the crypto exchange in late 2022. Wang, co-founder and ex-technology chief of FTX, pleaded guilty to conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud and conspiracy to commit securities fraud. FTX founder Sam Bankman-Fried received the harshest sentence of 25 years.
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Nov 20, 2024 |
flipboard.com | MacKenzie Sigalos |Dawn Giel
1 day agoThe rot runs deeper than almost anyone has guessed. For anyone who teaches at a business school, the blog post was bad news. For Juliana Schroeder, it was catastrophic. She saw the allegations when they first went up, on a Saturday in early summer 2023. Schroeder teaches management and psychology at …
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Nov 20, 2024 |
cnbc.com | MacKenzie Sigalos |Dawn Giel
Gary Wang, co-founder and ex-technology chief of FTX, was sentenced Wednesday to time served and three years of supervised release on each of the four counts he pled guilty to, becoming the fifth and final ex-employee of the collapsed crypto exchange to be punished. Wang was also ordered to forfeit $11 billion, the same as the other co-defendants.
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Nov 7, 2024 |
cnbc.com | MacKenzie Sigalos |Dawn Giel
Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday, according to a spokesman for the Bureau of Prisons. In September, Ellison was sentenced to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion.
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A deeper dive into the JPM internal emails about Epstein being a “sleazy PB client” that were unsealed yesterday + Dimon saying today he’s “so sad that we had any relationship with that man whatsoever”…story w/ the incomparable @_DanMangan https://t.co/ovKwuQQuGT
Unsealed docs in the Jane Doe suit against JPMorgan for the bank’s alleged involvement in Epstein’s sex trafficking ring show emails from 2011 between compliance execs referring to Epstein as a “sleazy PB client” and “the guy that likes young girls” https://t.co/DUdAd22m24
Taking a seat before Trump is on the move to NYC courthouse @contessabrewer https://t.co/p3hSsJahcE
