Morgan Stanley will pay $249 million to resolve allegations that it and a former supervisor made false statements and misused information about block trades large, market-moving stock purchases that allowed others to profit, according to agreements announced Friday by New York criminal prosecutors and securities regulators.
Porn giant Aylo Holdings agreed Thursday with Brooklyn federal prosecutors to pay $1.8 million in penalties, but ducked criminal liability after the Pornhub parent acknowledged hosting content from GirlsDoPorn, a defunct website whose proprietors were accused of sex-trafficking offenses in California.
A "penetrating" look into fallen crypto-exchange FTX's books shows Sam Bankman-Fried's businesses mishandled $9 billion that customers deposited, a professor testified Wednesday as a battle of trial experts played out in Manhattan federal court with the government enjoying the clear upper hand.
FTX founder Sam Bankman-Fried's lawyer poked at the fallen crypto exchange's former engineering director Nishad Singh in Manhattan federal court Tuesday with questions bolstering the defense's argument that Bankman-Fried operated in good faith and cooperating witnesses like Singh changed their tune only in hindsight.
FTX founder Sam Bankman-Fried's lawyer pressed Thursday to create daylight between his client, who is accused of leading a $10 billion fraud that sank the cryptocurrency exchange, and star prosecution witness Caroline Ellison amid a constant barrage of government objections in Manhattan federal court.