Feds seized nearly $700 million from FTX founder Bankman-Fried

Feds seized nearly 0 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, much of it in the form of Robinhood stock, according to a court filing on Friday. Bankman-Fried, who was accused of stealing billions of dollars from FTX clients to pay debts incurred by his crypto-focused hedge … Read more

Musk expected to take a stand as trial resumes over Tesla tweet

Musk expected to take a stand as trial resumes over Tesla tweet

SAN FRANCISCO, Jan 20 (Reuters) – Tesla Inc chief executive Elon Musk (TSLA.O) is set to testify in a jury trial on Friday over his 2018 Twitter post that he had ” secured financing” to take the power automaker private, which shareholders say has cost them millions in business losses. The class action lawsuit in … Read more

Brazilian court grants bankruptcy protection to retailer Americanas

Brazilian court grants bankruptcy protection to retailer Americanas

SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, … Read more

FTX Reports $415M in Hacked Crypto, Bankman-Fried Says FTX US Solvent

FTX Reports 5M in Hacked Crypto, Bankman-Fried Says FTX US Solvent

Jan 17 (Reuters) – Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that around $415 million worth of cryptocurrency was stolen in hacks. FTX said it recovered more than $5 billion in crypto, cash and liquid securities, but there were still large deficits on its international and US crypto exchanges. FTX … Read more

Sex pills and designer clothes found in mafia boss Messina Denaro’s hideout

Sex pills and designer clothes found in mafia boss Messina Denaro’s hideout

Messina Denaro caught up after 30 years on the run Apartment found in a western Sicilian town Doctor who prescribed cancer treatment under investigation PALERMO, Italy, Jan 17 (Reuters) – Perfumes, designer clothes and sex pills were discovered on Tuesday in an apartment which investigators believe was the last hiding place of Sicilian mafia boss … Read more

Tesla video promoting self-driving was staged, engineer testifies

Tesla video promoting self-driving was staged, engineer testifies

Jan 17 (Reuters) – A 2016 video that Tesla (TSLA.O) used to promote its self-driving technology was staged to show capabilities such as stopping at a red light and accelerating at a green light that the system didn’t have, according to testimony from a senior engineer. The video, which remains archived on Tesla’s website, was … Read more

After 30 years, Italy arrests mafia boss Messina Denaro in Sicilian hospital

After 30 years, Italy arrests mafia boss Messina Denaro in Sicilian hospital

Cosa Nostra boss captured after 30 years Detained in the private hospital of Palermo Convicted for his role in the murder of anti-Mafia prosecutors PALERMO, Italy, Jan 16 (Reuters) – Italy’s most wanted mafia boss, Matteo Messina Denaro, was arrested by armed police on Monday at a private hospital in Sicily, where the man on … Read more

Israelis rally in three cities against Netanyahu’s legal reforms

Israelis rally in three cities against Netanyahu’s legal reforms

TEL AVIV, Jan 14 (Reuters) – Tens of thousands of Israelis demonstrated in three major cities on Saturday against Prime Minister Benjamin Netanyahu’s judicial reform plans, with organizers accusing him of undermining democratic rule weeks after his re-election . Straddling a nationalist-religious coalition with a solid parliamentary majority, Netanyahu, now in his sixth term, wants … Read more

Romanian prosecutors confiscate luxury cars seized in Andrew Tate case

Romanian prosecutors confiscate luxury cars seized in Andrew Tate case

VOLUNTARI, Romania, Jan 14 (Reuters) – Romanian authorities began removing luxury cars from a property near the capital on Saturday as part of a criminal investigation into alleged human trafficking that led to the arrest of controversial internet personality Andrew Tate. Romanian organized crime prosecutors arrested Tate, her brother Tristan and two Romanian female suspects … Read more

Fired Twitter employees urged to drop severance charges, judge says

Fired Twitter employees urged to drop severance charges, judge says

Jan 14 (Reuters) – Twitter Inc has won a ruling allowing the social media company to force several dismissed workers pursuing their dismissals to pursue their claims through individual arbitration rather than a class action. U.S. District Judge James Donato ruled on Friday that five former Twitter employees suing a proposed class action lawsuit accusing … Read more