Tricolor Executives Face Fraud Charges Amid Bankruptcy
Originally Published 27 days ago — by Financial Times
US prosecutors have charged Tricolor executives with systematic fraud, highlighting serious allegations of corporate misconduct.,
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Us Prosecutors
All articles tagged with #us prosecutors
"FTX Founder Sam Bankman-Fried's Legal Battle: Excessive Sentence and Supervillain Portrayal"
Originally Published 1 year ago — by Bloomberg
FTX co-founder Sam Bankman-Fried criticizes US prosecutors' proposal for a 40 to 50-year prison sentence, stating that it portrays him as a "depraved super-villain" and distorts reality. Prosecutors argue that the sentence is necessary for his "historic" crime involving more than 1 million victims and losses of over $10 billion in the collapse of his crypto empire.
International Investigation Unveils Global Conspiracy to Target Sikh Leaders
Originally Published 2 years ago — by The Associated Press
U.S. prosecutors have revealed that a foiled plot to assassinate a Sikh separatist leader in New York was part of a larger campaign of planned killings. The organizers of the plot discussed targeting individuals in California and Canada, in addition to the victim in New York. The goal was to kill at least four people by June 29, with plans for more afterwards. The plot was uncovered when the hitman turned out to be an undercover U.S. agent. The U.S. attorney in Manhattan has charged one individual and stated that the plot was directed by an official in the Indian government, although the official was not named or charged in the indictment. The Indian government has denied any involvement in the killings.
Federal Prosecutors Assert Trump's Lack of Immunity in Election Case
Originally Published 2 years ago — by The Washington Post
U.S. prosecutors have urged a federal judge to reject former President Donald Trump's claim of absolute immunity from criminal prosecution for actions he took in office. They argued that Trump is "not above the law" and that his indictment for allegedly conspiring to block the results of the 2020 election should not be dismissed. Prosecutors stated that legal principles, historical evidence, and sound policy reasons establish that former presidents are subject to federal criminal prosecution once they leave office. Trump's lawyers have claimed that a president's motivations are not for prosecutors or courts to decide and that he is immune from prosecution for actions within the ambit of his office. Prosecutors countered that the Constitution's separation of powers principle should apply to presidents, subjecting them to criminal laws once they leave office.
Bahamas court allows Sam Bankman-Fried to challenge new US charges.
Originally Published 2 years ago — by Reuters
A Bahamas court has temporarily prevented the country's government from allowing US prosecutors to pursue new charges against Sam Bankman-Fried, the founder of now-bankrupt cryptocurrency exchange FTX. The charges were added after his extradition and include foreign bribery, bank fraud, and conspiracy. Bankman-Fried's lawyers have filed papers to dismiss six of the 13 charges he faces, arguing that the Bahamas did not consent to them. The decision could prolong uncertainty over whether Bankman-Fried's scheduled Oct. 2 trial will cover all 13 charges he faces.
Bahamas court allows Bankman-Fried to challenge additional charges in fraud case.
Originally Published 2 years ago — by CNN
A Bahamas court has temporarily prevented the country's government from allowing US prosecutors to pursue part of their criminal case against Sam Bankman-Fried, the founder of now-bankrupt cryptocurrency exchange FTX. Bankman-Fried's lawyers have filed papers to dismiss six charges or try them separately from charges of stealing from customers and lying to investors and lenders. The decision could prolong uncertainty over whether Bankman-Fried's scheduled Oct. 2 trial will cover all 13 charges he faces.
The Controversy of Short Selling in Bank Shares.
Originally Published 2 years ago — by Yahoo Finance
U.S. federal prosecutors in Washington are investigating short seller activity around the recent volatility in U.S. bank shares, sparked by the failure of three regional lenders since March, for potential securities market manipulation. Other regulators are also assessing potential market manipulation by short sellers. Short sellers have profited from the banking crisis, reaping $1.2 billion in paper profits during the first two days of May, according to data from analytics firm Ortex.
British American Tobacco fined $635mn for violating North Korea sanctions.
Originally Published 2 years ago — by The Daily Beast
British American Tobacco has been fined $635m plus interest for violating US sanctions on North Korea. Federal prosecutors accused the company of structuring transactions with North Korean state-owned companies to obfuscate sales to North Korea, causing US financial institutions to process correspondent US dollar transactions for its benefit. BAT claimed it had pulled out of North Korea in 2007, but US prosecutors argued the company continued doing business with the country until at least 2017.
US prosecutors won't pursue charges in Shanquella Robinson's death investigation.
Originally Published 2 years ago — by CNN
US federal prosecutors have informed the family of Shanquella Robinson that they will not pursue charges in her death last year in Mexico, citing insufficient evidence. Robinson, a Black American from North Carolina, died in October while staying in a luxury rental property in the Mexican state of Baja California Sur. The cause of death was listed as "severe spinal cord injury and atlas luxation." Video posted online appeared to show a physical altercation inside a room between Robinson and another person. Mexican prosecutors said last year they were investigating Robinson's death as femicide.
Shanquella Robinson's Family Meets with Officials, No Charges to be Filed.
Originally Published 2 years ago — by WBTV
US prosecutors have announced that they will not file criminal charges in the death of Shanquella Robinson, a 25-year-old Charlotte native who died while on a trip with friends to Cabo, Mexico. Robinson's death was surrounded by questions, and a video emerged showing her involved in a fight where she was violently beaten. Mexican officials said Robinson died of a cracked spine and later brought charges against one of her friends. However, US prosecutors said there was not enough evidence of wrongdoing to issue criminal charges in this case.
Sam Bankman-Fried to propose revised bail package soon.
Originally Published 2 years ago — by Reuters
Lawyers for Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, are close to reaching a new bail agreement with US prosecutors. Bankman-Fried is facing charges of stealing billions of dollars in FTX customer funds and making illegal political donations. The judge has expressed concerns about his electronic communications and has not yet approved the proposed restrictions. Bankman-Fried's lawyers have requested permission for him to use a laptop to access some FTX materials, which would be overseen by a lawyer or paralegal.