Sam Bankman-Fried isn't going down without a fight. The disgraced FTX founder on Tuesday pleaded not guilty on all counts, including multiple charges of fraud and conspiracy.
Bankman-Fried, 30, is going a different route than his co-executives at FTX: Gary Wang, co-founder of FTX, and Caroline Ellison, CEO of Alameda Research, have both pleaded guilty.
Indeed, there is widespread consensus that FTX's leadership engaged in criminal activity. Even current CEO John J. Ray III has described the situation as "old-fashioned embezzlement."
The U.S. attorney of the Southern District of New York filed the charges in December, along with parallel actions from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
The Toy Insider recently held its Holiday of Play event to display what items will be on your kids' lists for the upcoming holiday season. Michelle Castillo found some educational toys for under $50 and spoke with Laurie Schacht, chief toy officer of The Toy Insider, about what to look out for.
About 13,000 U.S. auto workers stopped making vehicles and went on strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay.
