Author: Press Room
The Justice Department on Thursday opened a far-reaching civil rights investigation of two troubled jails in South Carolina after reports of violent and unhealthy living conditions, failure to treat mentally ill prisoners and the abuse of inmates by guards.The department initiated a so-called pattern or practice investigation into the Sheriff Al Cannon Detention Center near Charleston and the Alvin S. Glenn Detention Center in Columbia after the deaths of 14 inmates over the past several years, Kristen M. Clarke, the assistant attorney general who oversees the civil rights division, told reporters.The investigation will focus on “credible allegations” that a number…
A jury found Sam Bankman-Fried guilty in his fraud trial over the collapse of FTX.His fate was sealed by the testimony of his inner circle at his two companies, FTX and Alameda.SBF has himself to blame for their cooperation since he made them complicit in the first place. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app If you throw your friends under the bus, can you really be surprised if they do the same to you when they get the chance?That’s a question for…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.FTX founder Sam Bankman-Fried was convicted of fraud and money laundering by a New York jury in a landmark criminal verdict that is likely to condemn the former crypto tycoon to decades in prison and bolster US authorities’ attempts to bring an unruly financial sector to heel.The decision in the highest-profile cryptocurrency-related trial to date was delivered just after 7:40pm on Thursday evening, following less than five hours of deliberation by the jury’s nine women and three men over seven charges including…
© Reuters. FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves federal court in New York City, U.S., February 9, 2023. REUTERS/Mike Segar/File Photo By Luc Cohen NEW YORK (Reuters) – A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. So the son of two Stanford Law School professors quit his Wall Street job and in 2017 started a cryptocurrency hedge fund, setting off a sequence of events that culminated on Thursday in his criminal conviction over what federal prosecutors…
© Reuters. Tesla, X (formerly known as Twitter) and SpaceX’s CEO Elon Musk attends the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. Leon Neal/Pool via REUTERS NEW YORK (Reuters) – Elon Musk asked a federal judge on Thursday not to force him to testify in the U.S. Securities and Exchange Commission’s probe into his $44 billion takeover of social media site Twitter. Musk filed the objections in San Francisco federal court, where the SEC sued him on Oct. 5 to make him testify for the probe, which it launched in April 2022. The SEC’s…
© Reuters. FILE PHOTO: General view of Neste’s oil refinery, with a total refining capacity of about 13.5 million tonnes per year, in Porvoo, southern Finland, November 17, 2015.REUTERS/Jussi Rosendahl/File Photo By Arathy Somasekhar (Reuters) – Oil prices were little changed on Friday, heading for their second straight week of losses as the U.S. central bank left the door open for possible future rate hikes and worries that the Middle East conflict would disrupt supply eased. futures rose 6 cents to $86.91 a barrel by 0010 GMT, while U.S. West Texas Intermediate crude futures gained 12 cents, or 0.2%, to…
Sundry Photography Class A shares of Cloudflare (NYSE:NET) on Thursday slumped as much as 13.4% in extended trading, after the content delivery network and cloud security platform issued Q4 revenue guidance that came in short of consensus. NET stock was last down 5.2% to $53.62 after hours. NET reported Q3 adjusted earnings per share of $0.16, which beat estimates by 6 cents. Revenue rose 32.2% Y/Y to $335.6M, also beating expectations by $5.02M. San Francisco, Calif.-based Cloudflare (NET) provides products such as cloud-based security frameworks, developer platforms to build and deploy serverless applications, and networking security services. According to its…
Former North Dakota state Sen. Ray Holmberg, who has been arrested under suspicion he repeatedly traveled to the Czech Republic with the intent to pay a minor for sex, reportedly used state funds to pay for at least three trips to Prague.Holmberg, a 79-year-old Republican, is also accused of receiving child pornography.Holmberg served in the North Dakota Legislature until his 2022 resignation over the allegations levied against him.A former North Dakota legislator charged with traveling to Prague with the intent of paying for sex with a minor used state funds to pay for at least three trips to that city…
AUDC reported an 11.7% year-over-year decline in Q3 revenues to $61.6 million. While Services segment revenues grew 13.8% to $30.6 million, this was more than […]
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Five animal-to-human diseases threaten to cause the deaths of 12 times as many people in 2050 as in 2020, according to research that calls for “urgent action” to tackle the growing health threat posed by zoonotic infections. Concerns over zoonotic diseases have greatly increased since the Sars-Cov-2 coronavirus emerged in China in late 2019 and spread swiftly across the globe. A study published by BMJ Global Health on Thursday found that environmental and population changes over the past six decades were driving growing…