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Founder of cryptocurrency exchange FTX: Bankman-Fried should remain behind bars for at least 40 years
Founder of the FTX cryptocurrency exchange
Bankman Fried will be behind bars for at least 40 years
March 16, 2024, 2:39 am
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From generous child prodigy to convict: If the US Attorney's Office gets its way, the founder of the cryptocurrency platform FTX, Sam Bankman Fried, will have to go to prison for several decades. The sentence required differs significantly from the defense's ideas.
Prosecutors have called for a 40- to 50-year prison sentence for American cryptocurrency entrepreneur Sam Bankman-Fried, who was convicted of fraud. Federal prosecutors in New York said in a lawsuit that the harsh sentence was “necessary” to reflect the “seriousness” of the crimes committed by the founder of failed cryptocurrency platform FTX.
The sentencing of the 32-year-old, once celebrated as a cryptocurrency prodigy, will be announced on March 28. According to media reports, defense attorneys requested that Bankman-Fried be sentenced to approximately six years in prison. The collapsed cryptocurrency entrepreneur was convicted last November of seven charges, including fraud and money laundering. He was accused of embezzling billions of dollars in client funds.
The world's then second-largest cryptocurrency exchange FTX went bankrupt in November 2022, creating an earthquake in the cryptocurrency world. Bankman Fried had previously embodied the rise of cryptocurrencies in a supposedly serious investment like no other.
However, the business structure collapsed when it was revealed that FTX was partly using client funds to support cryptocurrency investment fund Alameda Research, which was also founded by Bankman-Fried. Amid a fundamental crisis in cryptocurrencies, panicked investors withdrew their funds, leading to FTX's bankruptcy. In the end, the equivalent of about 8 billion euros was lost.
„Praktyk żywieniowy. Guru bekonu. Irytująco pokorny entuzjasta zombie. Uczeń totalny”.
World
Donald Trump demands Joe Biden take a drug test before debate
The two alleged contenders for the position of US President agreed on a date for a television debate. Now Trump is making a new request.
Former US President Donald Trump called on current President Joe Biden to submit to a drug test before their duel on Monday in a television debate for the first time during the election campaign at the end of June. „I don’t want him to get there like he did in the State of the Union address,” Trump said during a Republican Party event in St. Paul, Minnesota. „He was as high as a kite.”
Trump has previously indicated several times in interviews that the US President was under the influence of substances on various occasions. He previously made similar accusations against his rival, Hillary Clinton, during the 2016 election campaign. Trump has not yet provided any evidence for his allegations. Biden has not yet commented on Trump’s allegations.
Ahead of the US presidential election in November, President Joe Biden and his rival Donald Trump want to compete against each other in two televised debates. Biden challenged Trump to two televised duels on Wednesday, and he immediately accepted the challenge. The American CNN network said that the first debate will take place on June 27 in Atlanta, Georgia. The two competitors also agreed on a second date on September 10.
„Praktyk żywieniowy. Guru bekonu. Irytująco pokorny entuzjasta zombie. Uczeń totalny”.
World
Her fiancé had died two months ago, and now Mia had died too
Tucson (Arizona/USA) – In the American state Arizona It is a couple with two different people within a short period of time accidents He died. Their families are angry about the lack of security on the streets.
For two months, Mia Valenica mourned her fiancé, Xander Reeser, who died in a motorcycle accident last March. Now the 21-year-old’s family is grieving after Mia herself died in a motorcycle accident on May 10, according to reports. 13News.
„She’s in shock. It’s unbelievable,” said David Valencia, Mia’s father. “You hope you wake up the next day and it’s not true.”
The hope of the two affected families is that “they are together now.”
Fatal accident at construction site: One-ton component buries workers
According to police, Mia, who was a backseat passenger, and an unnamed driver were riding a motorcycle at high speed on the Catalina Highway in Pima County, southern Arizona.
They both left the road in a curve and collided with a guardrail. Both Mia and her companion were thrown off a bridge.
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The driver suffered minor injuries
A witness to the incident said: “I looked down and there was a man sitting there crying.” “I saw that his knees were all scratched up. Next to him there was a motionless girl still wearing her motorcycle helmet.”
The driver was taken to hospital with minor injuries, while Mia Valencia died at the scene.
Investigations are still ongoing.
A giant billboard collapsed on a gas station during the storm – killing 14 people
David Valencia shared his love of motorcycles with his daughter. But after losing two loved ones in just a few months, he wants others to be careful.
“There are areas where you can drive fast,” he said. “But on some roads, you have to drive slowly,” he warned. Because sometimes you don’t get a second chance…
In order to pay for Mia’s funeral, her family must raise money gofundme.com Set up a fundraising page.
„Praktyk żywieniowy. Guru bekonu. Irytująco pokorny entuzjasta zombie. Uczeń totalny”.
World
Supreme Court Justice Alito causes a stir with his knowledge
He presses
Trump fans are using the upside-down American flag to cast doubt on Biden’s election victory. It can also be seen in front of the judge’s house.
WASHINGTON, D.C. – Conservative Justice Samuel Alito of the U.S. Supreme Court is in trouble. After Donald Trump’s election defeat in 2020, an upside-down American flag was apparently hung in front of his house – a popular symbol among Trump supporters to cast doubt on US President Joe Biden’s election victory.
Report from The New York Times According to the report, the flag was raised in front of Alito’s home in Alexandria, Virginia, on January 17, 2021. The newspaper wrote this, citing statements and photos from the judge’s neighbors. However, the accused denies having anything to do with the matter. “I was in no way involved in raising the flag,” Alito said in an emailed statement to the newspaper. Instead, according to the judge, his wife raised the upside-down flag. But not just „in response to a neighbor’s use of offensive and personally insulting language on yard signs.”
A pro-Trump symbol in front of the judge’s house? Allegations against Supreme Court judges
The matter is explosive because the upside-down American flag was a symbol of Trump supporters who falsely claimed in the wake of the recent election that President Biden stole the office. During the storming of the Capitol Building in Washington, D.C. on January 6, 2021, the upside-down flag was also raised several times by rioters. Biden’s inauguration was just three days away at this point. Just eleven days later, a Trump supporter’s slogan flew over the lawn of a top federal judge.
In this context, it is the duty of such an official to ensure that no misunderstandings occur, as do legal and ethicists. The New York Times He confirmed the opposite. Even the appearance of bias should be avoided, otherwise the impartiality of the judge may be called into question. The mere impression of a political opinion can be a problem. “It could be his wife or someone else living in his house, but it shouldn’t be in his yard as a message to the world,” law professor Amanda Frost said in the report.
Wife in neighborhood dispute – Commitment to Donald Trump despite being a judge?
Raising that license plate, Frost continued, „is the equivalent of putting up a 'Stop the Steal’ sign in the yard.” This slogan – in German „Stop the steal” – was the slogan of those people who stormed the Capitol for their former president. According to the legal expert, the matter becomes a problem at the latest when it comes to the property of the judge who decides “cases related to the elections.” While the flag was raised, the court was still grappling with the question of whether allegations of voter fraud in the 2020 US election should be investigated. Alito argued in favor of hearing the arguments, but was ultimately on the losing side.
In fact, according to the article, interviews with residents revealed that the justice’s wife, Martha Ann Alito, had gotten into a fight with another family in the neighborhood over an anti-Trump sign on their lawn. However, given the timing and strong meaning of the symbol, the upside-down flag could have been interpreted by neighbors primarily as a political statement by the couple.
Political labels taboo on Supreme Court: Is Trump’s judge unfit for office?
The Code of Ethics applicable to lower courts in the United States, as well as the Code of Ethics recently adopted by the Supreme Court, emphasize the need for judges to remain independent. Political statements or opinions on matters that may be brought before them should be avoided. Court officials are not permitted to publicly express their partisan political opinions. This also includes attaching signs or vehicle stickers.
For Take Back the Court, a group that opposes the conservative path the court has taken in recent years, this is evidence that Alito does not belong on the court. “Sam Alito has disqualified himself from legitimately serving on the Supreme Court,” Sarah Lipton Lubit, the group’s president, said, according to the website. HuffPost In the current situation. Perhaps there is nothing like raising the middle finger to the American people than “proudly displaying, in your front yard, the remains of a failed coup attempt against the country you were supposed to serve.” (Tn)
„Praktyk żywieniowy. Guru bekonu. Irytująco pokorny entuzjasta zombie. Uczeń totalny”.
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