Bank of America and BNY Mellon sued over Jeffrey Epstein financial ties
Bank of America and BNY Mellon are sued over their financial connections to Jeffrey Epstein, highlighting ongoing legal scrutiny of institutions linked to Epstein's activities.
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Sam Bankman-Fried's Legal Strategy: Countering DOJ Witnesses and Defending His Image
Former FTX CEO Sam Bankman-Fried plans to present a financial expert witness, Joseph Pimbley from PF2 Securities, to counter testimonies from former Alameda Research CEO Caroline Ellison and other witnesses regarding the extent of financial ties between FTX and the trading firm. Pimbley's testimony will focus on establishing a timeline for Alameda's line of credit with FTX and providing context to testimony made by former FTX executives. The expert witness will be compensated at a rate of $720 an hour and has no financial interest in the outcome of the case.
US Officials Plan Sanctions Missions to Target Russia
US Treasury officials plan to travel to Europe this month to pressure firms and countries still doing business with Russia to cut off financial ties due to the war on Ukraine. The officials will share intelligence on potential sanctions evaders and warn of potential penalties for failure to comply with international sanctions. The US and allies have directly sanctioned more than 2,500 Russian firms, government officials, oligarchs, and their families. The sanctions block them from access to American bank accounts and financial markets, preventing them from doing business with Americans, traveling to the US, and more.
Russian billionaire paid for Putin's former teacher's apartment
Newly unearthed documents reveal that Russian-Israeli oligarch Roman Abramovich paid for an apartment in Tel Aviv that was believed to have been gifted by Vladimir Putin to his high school German teacher, Mina Yuditskaya-Berliner. The apartment deal shows financial ties between Putin and Abramovich, which the oligarch has previously denied. Yuditskaya-Berliner died in 2017, leaving the property to the Russian Federation. Abramovich has been under sanctions pressure since Putin’s invasion of Ukraine and has been seen in Israel several times since the war started.