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This Day in Legal History: Guiteau Stands Trial for AssassinationOn November 14, 1881, Charles Guiteau stood trial for assassinating President James A. Garfield. Garfield had been shot by Guiteau in July of that year but succumbed to his injuries months later, largely due to medical mismanagement. At the time, sterilization practices were not widely understood or practiced, and Garfield's doctors repeatedly probed his wound with unwashed instruments and hands, leading to a fatal infection. Despite the role of inadequate medical care, Guiteau was held fully responsible for the president's death, setting a notable precedent in criminal law.Guiteau's defense centered on claims of insanity, arguing that he believed he was acting on divine command to remove Garfield. His erratic behavior in court, which included singing, reciting poetry, and accusing his defense attorneys of incompetence, underscored his unstable mental state. However, nineteenth-century legal standards for insanity were narrow and rarely accepted by courts. The prosecution argued that Guiteau understood the wrongfulness of his act, and he was ultimately found guilty and sentenced to death.The case spotlighted serious deficiencies in the legal system's treatment of mental illness and brought attention to the need for clearer guidelines on the insanity defense. It also ignited a broader conversation on the role of medical practices in causation, as some questioned whether Guiteau could be solely responsible for Garfield's death. Guiteau's trial and conviction marked one of the first high-profile uses of the insanity defense in the United States and influenced subsequent legal reforms regarding both mental health assessments and standards of criminal responsibility.President-elect Donald Trump has named Matt Gaetz, a firebrand Republican congressman with a face that might terrify even the devil himself, as his nominee for attorney general. Gaetz, who has previously faced scrutiny from the Justice Department over sex trafficking allegations, will replace current leadership to help Trump “end Weaponized Government” and enact an aggressive conservative agenda. Gaetz, who resigned from Congress immediately, is known for his unconventional political moves, including his role in ousting former House Speaker Kevin McCarthy, and for his call to dismantle federal agencies like the FBI. His appointment has already triggered controversy, with Senate Republicans like Lisa Murkowski expressing skepticism about his qualifications and intentions. Gaetz's background has raised security clearance concerns, given the history of investigations into his conduct.The nomination aligns with Trump's stated intentions to reshape the Justice Department, positioning the attorney general as crucial to plans for mass deportations, pardons of January 6 rioters, and prosecutorial retribution. Gaetz's legal experience consists mainly of work at a Florida law firm before he entered politics, though he has recently championed populist stances on antitrust enforcement, supporting the Federal Trade Commission's fight against noncompete clauses and cheering the Justice Department's antitrust case against Google. Gaetz's nomination fuels concern among former Justice Department officials, who fear that he could further politicize an institution traditionally independent from White House influence.Trump taps firebrand congressman Matt Gaetz for attorney general | ReutersIn the corruption trial of former U.S. Senator Robert Menendez, prosecutors revealed that jurors were mistakenly shown unredacted evidence during deliberations. However, they argued this error does not warrant overturning the conviction, asserting that the evidence against Menendez was overwhelming. Menendez, a former New Jersey senator, was convicted in August of corruption charges that included accepting bribes like gold bars and cash, allegedly in exchange for political favors. He has maintained his innocence and plans to appeal. The Manhattan U.S. Attorney's Office indicated that both the defense and prosecution missed the unredacted material during trial, emphasizing that it likely did not affect the jury's guilty verdict on all 16 counts, including wire fraud, obstruction of justice, and illegal foreign agency activities. Menendez, once a senior figure in the Senate as the chair of the foreign relations committee, now faces sentencing in January with a potential for decades in prison.Bob Menendez jury was mistakenly shown improper evidence, prosecutors say | ReutersGary Wang, former chief technology officer of FTX, is assisting federal prosecutors by developing software to detect fraud in both stock and cryptocurrency markets. Wang, who previously wrote the code allowing ex-FTX CEO Sam Bankman-Fried to siphon billions from FTX customers, has been cooperating with the government since FTX's collapse. Prosecutors are asking for leniency in Wang's upcoming sentencing, highlighting his proactive efforts to prevent similar crimes. His new tool, details of which remain confidential to protect its effectiveness, is valued by prosecutors for its potential in identifying financial crimes. This cooperation follows Bankman-Fried's recent 25-year prison sentence for fraud and misuse of $8 billion in customer funds, while other former FTX associates, like Caroline Ellison and Nishad Singh, received lighter sentences due to their cooperation. Wang, the last of Bankman-Fried's close associates awaiting sentencing, was instrumental in exposing the scheme by testifying that Bankman-Fried directed him to alter FTX's code to grant Alameda Research unauthorized access to customer funds.Bankman-Fried lieutenant builds fraud detection tool for prosecutors | ReutersA federal appeals court has struck down a New York law that heavily restricted antiques dealers from selling or displaying ivory and rhinoceros horn items, ruling it unconstitutional. The 2nd U.S. Circuit Court of Appeals found that the law, which limited ivory content in antiques to less than 20%, overstepped by restricting dealers' First Amendment commercial speech rights. Judges argued that the law prevented dealers from communicating important details about legally marketable items, deeming this an excessive speech restriction. While federal law already restricts ivory sales under the Endangered Species Act, it allows for goods with up to 50% ivory, whereas New York's stricter limit of 20% was intended to curb poaching of endangered species. However, the court ruled that New York's law also blocked the sale of items permitted in interstate and international trade, making it too broad. The decision was a setback for animal rights groups that supported the law to protect vulnerable wildlife, although the Humane Society noted that New York could still enforce the law against local buyers.New York ivory ban for antiques dealers voided by US appeals court | ReutersLaw firm revenue surged nearly 12% in the first three quarters of the year, driven by increased demand for legal services and higher productivity, according to Citi's law firm banking group. The top 50 law firms saw especially notable gains, with revenues up 14%, demand growth at 3.6%, and productivity rising by 2.9%. Gretta Rusanow from Citi's Law Firm Group highlighted 2023 as potentially one of the strongest years for the industry, citing steady demand momentum quarter by quarter. Industry-wide demand rose by 3.2%, with lawyer productivity improving as headcount growth slowed to 1.3%, returning to historical norms. Expense growth was 7.5%, with overhead costs increasing by 8.2% and compensation expenses by 6.7%. Legal services demand spanned diverse practice areas, notably in litigation, regulatory issues, investment management, and bankruptcy. Although transactional demand has been quiet, Rusanow anticipates a rebound in mergers and acquisitions activity. Law firms also invested in technology upgrades, including new practice management tools and generative AI, which contributed to higher expenses. Law Firm Revenue Soars 12% as Lawyers Get Back to Being Busy This is a public episode. 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In a week marked by significant regulatory actions and high-profile arrests, two distinct stories have captured global attention. On one hand, LinkedIn has been slapped with a €310 million fine by the Irish Data Protection Commission for violating the European Union's General Data Protection Regulation (GDPR). The fine stems from LinkedIn's practices related to personal data handling for advertising purposes, specifically the lack of a valid legal justification for collecting data intended for targeted online advertisements.On the other hand, former FTX CEO Sam Bankman-Fried has been arrested in the Bahamas. Bankman-Fried, a prominent figure in the cryptocurrency world, has been at the center of a massive financial scandal involving the collapse of FTX, one of the largest cryptocurrency exchanges. His arrest is a significant development in the ongoing investigation into the financial mismanagement and potential fraud that led to the downfall of FTX.The contrast between these two events highlights the diverse nature of global regulatory actions and the consequences of non-compliance. In the case of LinkedIn, the fine underscores the importance of adhering to stringent data privacy regulations, particularly in the digital age where personal data is increasingly valuable. For Sam Bankman-Fried, his arrest signals a serious escalation in the legal pursuit of accountability for his role in the FTX debacle.Both stories serve as reminders of the critical need for transparency and compliance in various sectors. As regulatory bodies continue to enforce strict standards, individuals and organizations must ensure they operate within the bounds of the law to avoid severe consequences. The €310 million fine on LinkedIn and the arrest of Sam Bankman-Fried are stark examples of what can happen when these standards are not met.
Rob Wiblin speaks with FiveThirtyEight election forecaster and author Nate Silver about his new book: On the Edge: The Art of Risking Everything.Links to learn more, highlights, video, and full transcript.On the Edge explores a cultural grouping Nate dubs “the River” — made up of people who are analytical, competitive, quantitatively minded, risk-taking, and willing to be contrarian. It's a tendency he considers himself a part of, and the River has been doing well for itself in recent decades — gaining cultural influence through success in finance, technology, gambling, philanthropy, and politics, among other pursuits.But on Nate's telling, it's a group particularly vulnerable to oversimplification and hubris. Where Riverians' ability to calculate the “expected value” of actions isn't as good as they believe, their poorly calculated bets can leave a trail of destruction — aptly demonstrated by Nate's discussion of the extended time he spent with FTX CEO Sam Bankman-Fried before and after his downfall.Given this show's focus on the world's most pressing problems and how to solve them, we narrow in on Nate's discussion of effective altruism (EA), which has been little covered elsewhere. Nate met many leaders and members of the EA community in researching the book and has watched its evolution online for many years.Effective altruism is the River style of doing good, because of its willingness to buck both fashion and common sense — making its giving decisions based on mathematical calculations and analytical arguments with the goal of maximising an outcome.Nate sees a lot to admire in this, but the book paints a mixed picture in which effective altruism is arguably too trusting, too utilitarian, too selfless, and too reckless at some times, while too image-conscious at others.But while everything has arguable weaknesses, could Nate actually do any better in practice? We ask him:How would Nate spend $10 billion differently than today's philanthropists influenced by EA?Is anyone else competitive with EA in terms of impact per dollar?Does he have any big disagreements with 80,000 Hours' advice on how to have impact?Is EA too big a tent to function?What global problems could EA be ignoring?Should EA be more willing to court controversy?Does EA's niceness leave it vulnerable to exploitation?What moral philosophy would he have modelled EA on?Rob and Nate also talk about:Nate's theory of Sam Bankman-Fried's psychology.Whether we had to “raise or fold” on COVID.Whether Sam Altman and Sam Bankman-Fried are structurally similar cases or not.“Winners' tilt.”Whether it's selfish to slow down AI progress.The ridiculous 13 Keys to the White House.Whether prediction markets are now overrated.Whether venture capitalists talk a big talk about risk while pushing all the risk off onto the entrepreneurs they fund.And plenty more.Chapters:Cold open (00:00:00)Rob's intro (00:01:03)The interview begins (00:03:08)Sam Bankman-Fried and trust in the effective altruism community (00:04:09)Expected value (00:19:06)Similarities and differences between Sam Altman and SBF (00:24:45)How would Nate do EA differently? (00:31:54)Reservations about utilitarianism (00:44:37)Game theory equilibrium (00:48:51)Differences between EA culture and rationalist culture (00:52:55)What would Nate do with $10 billion to donate? (00:57:07)COVID strategies and tradeoffs (01:06:52)Is it selfish to slow down AI progress? (01:10:02)Democratic legitimacy of AI progress (01:18:33)Dubious election forecasting (01:22:40)Assessing how reliable election forecasting models are (01:29:58)Are prediction markets overrated? (01:41:01)Venture capitalists and risk (01:48:48)Producer and editor: Keiran HarrisAudio engineering by Ben Cordell, Milo McGuire, Simon Monsour, and Dominic ArmstrongVideo engineering: Simon MonsourTranscriptions: Katy Moore
This Day in Legal History: Outer Space Treaty Enters Into ForceOn October 10, 1967, the Outer Space Treaty, formally known as the "Treaty on Principles Governing the Activities of States in the Exploration and Use of Outer Space, including the Moon and Other Celestial Bodies," entered into force. This landmark agreement established a framework for the peaceful use and exploration of outer space, making it a key pillar of international space law. It was signed by the United States, the Soviet Union, and the United Kingdom, and has since been ratified by over 100 nations.The treaty explicitly prohibits the placement of nuclear weapons or other weapons of mass destruction in orbit, on the Moon, or on any other celestial body. It also bans military activities and the establishment of military bases in space. One of its central tenets is that space is to be used for the benefit of all humankind, with no country allowed to claim sovereignty over outer space or any celestial body.This treaty was negotiated during the height of the Cold War, reflecting both superpowers' mutual interest in preventing the militarization of space. By laying the groundwork for cooperation and peaceful exploration, it paved the way for future international agreements on space activities, including those addressing environmental concerns and the use of space resources. The Outer Space Treaty remains a cornerstone of space law today, as space exploration continues to evolve and expand.The Fifth Circuit Court of Appeals overturned a $47 million copyright infringement award against Grande Communications Networks LLC, an internet service provider (ISP), on Wednesday. Music publishers, including UMG Recordings and Warner Bros. Records, initially won the award after Grande was found liable for contributing to users' piracy of over 1,400 songs. However, the appeals court ruled that damages should not be awarded for each individual song, but rather for each album, sending the case back to the Texas district court for a new trial on damages. The court affirmed that Grande had failed to prevent repeated piracy by not terminating infringing subscribers, but found that the lower court had erred in its interpretation of statutory damages. This decision aligns with other rulings, such as one involving ISP Cox Communications, where liability for music piracy was affirmed, but damages were reconsidered.Appeals Court Undoes $47 Million Music Piracy Award Against ISPGSK has agreed to settle around 80,000 lawsuits, paying up to $2.2 billion over claims that the discontinued heartburn drug Zantac caused cancer. This settlement covers about 93% of the cases pending in U.S. state courts. The drugmaker maintains that there is no consistent evidence linking Zantac's active ingredient, ranitidine, to cancer but decided to settle to avoid prolonged litigation. Additionally, GSK will pay $70 million to settle a related whistleblower case. Zantac, once a blockbuster drug, faced scrutiny after the FDA in 2020 found that ranitidine could break down into a carcinogen, NDMA. Other pharmaceutical companies like Pfizer and Sanofi have also reached settlements, but Boehringer Ingelheim continues to face trials. In a recent Delaware ruling, plaintiffs were allowed to present expert testimony linking Zantac to cancer, while a Florida federal court had dismissed around 50,000 cases due to unreliable evidence. GSK agrees to settle about 80,000 Zantac lawsuits for up to $2.2 bln | ReutersFTX investors have voluntarily dropped their class action lawsuit against Sullivan & Cromwell, a prominent U.S. law firm. The investors had accused the firm of aiding FTX's multibillion-dollar fraud and benefiting as FTX's lead bankruptcy counsel. However, lead attorney Adam Moskowitz stated that after reviewing reports by FTX bankruptcy examiner Robert Cleary, there was no valid claim against the law firm. Cleary's reports found no evidence that Sullivan & Cromwell was complicit in FTX's collapse or that it ignored warning signs while representing former FTX CEO Sam Bankman-Fried. Sullivan & Cromwell welcomed the withdrawal of what it called "meritless claims." The lawsuit had alleged that the firm had unique insight into FTX's lack of internal controls and questionable practices. Meanwhile, FTX's bankruptcy plan, approved this week, will allow the company to repay customers using $16.5 billion in recovered assets. Plaintiffs' attorneys also reached a separate agreement with the FTX bankruptcy estate regarding customer claims. FTX investors drop lawsuit against law firm Sullivan & Cromwell | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
As cryptocurrency surged in popularity during the pandemic, many were drawn by the promise of wealth and revolutionizing sectors like finance, art, and politics. Figures like FTX CEO Sam Bankman-Fried became emblematic of this new era, but his meteoric rise was marred by scandal as his aggressive, profit-driven tactics led to one of the biggest financial fraud cases in U.S. history. Unlike idealists like Ethereum's Vitalik Buterin, Bankman-Fried's approach mirrored the risky financial practices that triggered the 2008 crisis. Cryptomania delves into the crypto industry's tumultuous 20 months, exposing its male-dominated, overhyped world, and chronicling the clash between profiteers and visionaries, the creation of speculative bubbles, and the human toll of its inevitable collapse. Andrew R. Chow is a correspondent for Time who covers technology, culture, and business. He has written four Time cover stories, including about the impacts of the AI corporate arms race and a prescient profile of Vitalik Buterin months before the 2022 crypto crash. He has previously written for The New York Times, Pitchfork, and NBC News. His first book is Cryptomania: Hype, Hope and the Fall of a Billion-Dollar Fintech Empire. Shermer and Chow discuss a comprehensive overview of money's evolving landscape and future potential. They trace its progression from fiat currencies to cryptocurrencies, exploring Bitcoin's rise and crypto's utopian ideals. The conversation examines NFTs' role in crypto's popularity and downfall, Sam Bankman-Fried's controversial career, and how crypto's crash mirrored the 2008 financial crisis, revealing similar systemic issues despite promises of revolution.
This week a Seattle federal court sentenced Changpeng Zhao -- founder and former CEO of the world's largest cryptocurrency exchange, Binance -- to four months in prison. In contrast to the high-profile case of FTX CEO Sam Bankman-Fried, who used his crypto exchange to defraud billions of dollars from its users, Zhao pled guilty to not doing more to prevent money laundering on his exchange.
Get the scoops on all the details of former FTX CEO Sam Bankman-Fried's 25-year prison sentence, plus the other conditions of punishment. Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Sam Bankman-Fried (SBF), FTX's co-founder, was sentenced to 25 years in prison and $11 billion in forfeiture for massive fraud, marking a historic moment in the crypto industry. Judge Lewis Kaplan emphasized the sentence's necessity due to Bankman-Fried's risk-oriented decision-making philosophy known as “expected value” and lack of remorse. Sam Enzer joined Unchained to unpack the sentencing, discussing the fairness of the length, explaining how the $11 billion forfeiture would work and how it's different from the bankruptcy proceedings. Additionally, Enzer provided insights into the kind of prison SBF would end up in and into the three-year supervised release SBF will face after his prison term. The conversation further delved into the broader impact of the sentencing on the crypto industry, suggesting it could signify the end of a dark chapter. Show highlights: Whether the 25-year sentence is fair, according to SamWhat the $11 billion in forfeiture means for SBFWhether the assets of SBF actually belong to the FTX estateWhere SBF will likely go to prison and why Sam believes that SBF will not go to a maximum security prisonWhen the clock starts ticking for the 25-year sentenceWhy SBF will not be eligible for parole and whether he could get "good time credit"What the defense will attempt in appealing the convictionWhat types of behavior could get SBF enough credit to appeal for a reduced sentenceWhy SBF will have to be supervised for three years after his releaseHow SBF's philosophy about “expected value,” was the theme of the crime, according to Judge KaplanWhether the co-conspirators, such as Caroline Ellison, will be sentenced and serve in prisonWhy Sam says that the sentencing represented "the closing of a dark chapter" in cryptoThank you to our sponsors! iTrustCapital | PolkadotGuestSam Enzer, Partner at Cahill Gordon & ReindelPrevious appearances on Unchained:Why the SEC's Case Against Coinbase Is So Significant for CryptoWhy SBF's Testimony So Far Has Likely Already Doomed HimAnother Bad Week for Sam Bankman-Fried in His Criminal TrialWhy These Lawyers Say It's Over for SBF-But His Only Hail Mary Is to TestifySBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His CaseSBF's Lawyers Could Be Annoying the Judge How Might That Impact the Trial?LinksUnchained: FTX Founder Sam Bankman-Fried Sentenced to 25 Years for Historic FraudSBF's Prison Sentencing Is Coming Up. How Many Years Will He Get?Is Prison Crypto's New Glow-Up? Post-Incarceration Do Kwon and SBF Are AdmiredWhat to Expect from Sam Bankman-Fried's Sentencing – and the Lessons We Should LearnHow Sam Bankman-Fried's Sentencing Went Down: A Timeline of Events -Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
As the week comes to a close, we're also shutting the book on the trial of former FTX CEO Sam Bankman-Fried, the erstwhile crypto baron who is heading to prison for 25 years. But while the SBF news was a big deal, there was so very much more to cover on today's news roundup episode of Equity.With Kirsten Korosec, Mary Ann Azevedo, and Alex Wilhelm aboard this week, the crew dug into Robinhood's new credit card and what it can tell us about the strategy of major tech companies, Fisker's latest woes, and even Databricks' new AI model that it spent $10 million to spin up.But that wasn't enough. We also dug into two companies building startups focused around kids. One wants to help tots learn how to produce music, while the other is working to reduce waste and help parents care for their kids on a budget. Then, to wrap up, a look at just who unicorn founders really are, and a new $100 million fund that to back climate tech.Equity is TechCrunch's flagship podcast and posts every Monday, Wednesday and Friday, and you can subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. Credits: Equity is hosted by TechCrunch's Alex Wilhelm and Mary Ann Azevedo. We are produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
3/29/24 - More on the cargo ship that crashed into the FSK bridge in Boston, the upcoming solar eclipse, the Taliban vows to publicly stone women to death in direct message to Western democracies, and remembering Mickey Mouse Club's Jimmie Dodd on the anniversary of his birth. We discuss. The New Jersey store that sold the winning Mega Millions ticket will be donating their cash prize to charity, an update on March Madness, disgraced former FTX CEO Sam Bankman-Fried has been sentenced to 25 years for financial fraud and must forfeit $11 billion for victims, and the Tennessee governor has signed a bill blocking a police reform law inspired by the killing of Tyre Nichols. We discuss that, too. Website: GoodDayShow.comSocial Media: @GoodDayNetworks
Disgraced former FTX CEO Sam Bankman-Fried gets hit with a 25-year sentence. We've got color from the courtroom and one attorney's analysis of the “paradox” case. Plus, the AI underdogs are on the verge of an opportunity our analyst says he hasn't seen in a decade. And we'll go around the world once more in a special Europe edition of 3 Buys & a Bail.
Border encounter numbers break all previous records, conflict in the Red Sea ramps up again, and disgraced FTX CEO Sam Bankman Fried will avoid some charges. Get the facts first with Morning Wire. Balance of Nature: Get 35% off your first order as a preferred customer + free Fiber and Spice supplements. Use promo code WIRE at checkout: https://www.balanceofnature.com/ZBiotics: "The drink before drinking with ZBiotics. Get 15% off your order with promo code WIRE at http://www.ZBiotics.com/Wire"
This is the second of a two-part series looking back at 2023. Mary Ann and Alex called on two colleagues to help us chat through some of the year's biggest events. Here's what we got into!The decline, fall of SVB: It's a bit hard to believe, but the chaos at Silicon Valley Bank happened earlier this year. Yes, much has happened since, but the sudden, and shocking collapse of what was effectively the family bank of tech sent waves throughout the global technology landscape. Venture was impacted. Public companies were impacted, and some startups actually got a boost!Chaos at OpenAI: Another weekend-powered period of high-drama in tech this year was the defenstration of Sam Altman from his role at OpenAI, only for the tide to entirely flip in short order, Altman back the co, and most of the folks who wanted him out gone themselves. This one is still developing, so we had Devin Coldewey on to help us understand what is coming next.SBF's trial: It was long. It was tedious. It was occasionally very interesting. But in the end, former FTX CEO Sam Bankman-Fried was found super-duper guilty for various financial crimes relating to his now-failed crypto exchange. We invited Jacquie Melinek back on the show to tell us more.You can find part one of our year-end roundup here if you need even more! And don't forget, Equity has even more great stuff coming your way, so stick close to your favorite podcast app.Connect with Equity on X and Threads @EquityPods, and keep up with all of TechCrunch's podcasts @TechCrunchPods on TikTok.For episode transcripts and more, head to Equity's Simplecast website.Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! Credits: Equity is hosted by Editor in Chief of TechCrunch+ Alex Wilhelm and TechCrunch Senior Reporter Mary Ann Azevedo. We are produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
On today's episode #184, new breaks on the former FTX CEO Sam-Bankman Fried, the International prize pool for the biggest esports tournament in the world was lackluster this year, and Layoffs and delays again plague the video game development community. Also, Extra Life game day is happening this Saturday - so stop by, join us for some fun, and donate if you can!
It's Casual Friday! Sam and Emma speak with Jacob Silverman, co-author of the book Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud with Ben McKenzie, and host of The Naked Emperor podcast on the CBC, to discuss FTX CEO Sam Bankman-Fried's recent fraud and conspiracy convictions. And, Jacob has a special announcement! First, Sam and Emma run through updates on the FTC's case against Amazon, more Eric Adams drama, Trump's fraud case, the EPA, and the US economy, before discussing the Democratic fear-of-ceasefire when doing any messaging – and the importance of that starting to shift Jacob Silverman then joins, diving right into the collapse of Sam Bankman-Fried, the former face of Crypto, beginning one year ago today with the leaking of an FTX balance sheet exposing the first strands of massive conspiracy and fraud between SBF's companies FTX and Alameda, leading up to this week's conviction of him and multiple co-conspirators. After walking through the economic exposé, Silverman parses through the uncovering of the farce of SBF's philosophy of “effective altruism,” and the expansive ties of FTX's funds, before wrapping up with why this disaster hasn't tainted the crypto industry as much as would be expected. Sam and Emma also look at the incredible cold-hearted coverage of Palestinians by the mainstream media, and touch on Ta-Nehisi Coates' comments on the hypocrisy of zionist “democracy.” And in the Fun Half: Sam and Emma watch Jewish Voice for Peace, the Philly Palestine Coalition, and If Not Now swarm Philadelphia's 30th Street Station, discuss the influence of the war on terror on Netanyahu's regime, and the potential economic influence of the Ben Gurion Canal on Israel's ethnic cleansing of Palestine. The GOP turns on Tommy Tuberville, the Las Vegas culinary union plans a strike, and Donald Trump launches Trump University 2.0. The MR Crew remembers Ady Barkan, plus, your IMs! Check out Easy Money here: https://store.abramsbooks.com/products/easy-money Check out The Naked Emperor here: https://www.cbc.ca/listen/cbc-podcasts/1353-the-naked-emperor Find more info on the National March for Palestine tomorrow at 2:00 pm: https://www.answercoalition.org/national_march_for_palestine_saturday_nov_4 Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Subscribe to the ESVN YouTube channel here: https://www.youtube.com/esvnshow Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: http://majority.fm/app Check out today's sponsors: HelloTushy: Take care of yourself from the bottom up this holiday season. Visit https://hellotushy.com/MAJORITY and use promo code MAJORITY for 10% off your first order. Don't miss out on their Spend & Get event going on now through November 18th. That's https://hellotushy.com/MAJORITY. Rhone: The Commuter Collection can get you through any work day and straight into whatever comes next. Head to https://rhone.com/MAJORITYREPORT and use promo code MAJORITYREPORT to save 20% off your entire order. Sunset Lake CBD: Sunsetlakecbd is a majority employee owned farm in Vermont, producing 100% pesticide free CBD products. Use code Leftisbest and get 20% off at http://www.sunsetlakecbd.com. Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattBinder @MattLech @BF1nn @BradKAlsop Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Subscribe to Brandon's show The Discourse on Patreon! https://www.patreon.com/ExpandTheDiscourse Subscribe to Discourse Blog, a newsletter and website for progressive essays and related fun partly run by AM Quickie writer Jack Crosbie. https://discourseblog.com/ Check out Matt Binder's YouTube channel: https://www.youtube.com/mattbinder Check out Ava Raiza's music here! https://avaraiza.bandcamp.com/ The Majority Report with Sam Seder - https://majorityreportradio.com/
The downfall of former FTX CEO Sam Bankman-Fried from king of the crypto world to crypto scammer is complete. A Manhattan jury of nine women and three men took less than five hours Thursday afternoon, day 18 of the high-profile trial, to convict Bankman-Fried on seven counts of fraud and conspiracy for stealing billions of dollars of his customers' assets. “Sam Bankman-Fried perpetrated one of the biggest financial frauds in American history, a multi-million scheme designed to make him the king of crypto,” said Damian Williams, U.S. attorney for the Southern District of New York in remarks following the verdict. The guilty verdict came a year to the day after crypto publication CoinDesk published a story showing balance sheet irregularities at Bankman-Fried's investment company, Alameda Research, that suggested the ties between Alameda and FTX were unusually close. Bankman-Fried now faces potentially decades in prison. Sentencing is scheduled for March 28. After listening to Judge Lewis Kaplan read through 60 pages of instructions, jurors quickly concluded that Bankman-Fried was responsible for decisions that led to an $8 billion hole in its balance sheet, including the use of customer assets for political donations, investments and his own personal use. Prosecutors had reiterated this theme in a stinging, Thursday morning rebuttal. And jurors rejected whole-hog Bankman-Fried's defense team's narrative that Bankman-Fried was being villainized for being a poor manager who didn't create sufficient risk management systems. They also did not buy into Bankman-Fried's claim that he was unaware of the severity of his company's financial problems and that his inner circle, three of whom testified earlier in the trial as part of plea agreements, were to blame. “We respect the jury's decision,” said Bankman-Fried's lead attorney, Mark Cohen. But we are very disappointed with the result. Mr. Bankman-Fried maintains his innocence and will continue to fight the charges against him.” U.S. attorney Wiliams called Bankman-Fried's crimes “ fraud” as “old as time,” and said his office had “no patience for it.” He added: “This case moved at lightning speed, that was a choice, not a coincidence.” Catch up on Unchained's previous coverage: SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact SBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special Privileges SBF Trial, Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison? SBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life' SBF Trial, Day 7: In SBF Trial, Did the Defense Lose Its Opportunity With the Star Witness? SBF Trial, Day 8: Former BlockFi CEO Adds Credibility to Fraud Charges SBF Trial, Day 9: Nishad Singh Describes Former FTX CEO as a Bully and Big Spender SBF Trial, Day 10: Defense Struggles to Discredit Nishad Singh's Testimony SBF Trial, Day 11: How Alameda Got FTX Into a $9 Billion Hole SBF Trial, Day 12: Former FTX General Counsel Speaks Out Against SBF Did Sam Bankman-Fried Have Intent to Defraud FTX Investors? Why These Lawyers Say It's Over for SBF-But His Only Hail Mary Is to Testify Here's How Sam Bankman-Fried's High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect Learn more about your ad choices. Visit megaphone.fm/adchoices
Prosecutors and defense attorneys in the trial of former FTX CEO Sam Bankman-Fried closed their arguments with similar stories to their opening statements more than three weeks ago: a tale of two Sams. On Wednesday morning, day 17 of the trial, the government took jurors on a final grand tour of Bankman-Fried's alleged lies, evasions and misdirections that they said aimed to hide the ugly truth of a gaping $8 billion hole in the crypto exchange's balance sheet from investors and regulators, and that reflected his indifference to spending customer assets. Assistant U.S. Attorney Nicholas Roos said that as the person overseeing FTX and the separate trading entity, Alameda Research, to which FTX funneled customer deposits, Bankman-Fried was the only person who could have been responsible for decisions that led to the deficit – criminally so. “He told a story and he lied to you,” said Roos, who punctuated his more than two-hour presentation with metadata readings and time tables that seemed to devastatingly illustrate SBF's ongoing awareness of his company's financial debacle. But in the afternoon, Bankman-Fried's defense team portrayed him in softer tones, as a math nerd with no ill-intent and guilty only of bad management, particularly his failure to install adequate risk management protections. Attorney Mark Cohen said that the government had failed to prove its case as it sought to create a Hollywood villain responsible for the disappearance of the funds, cartooning his dress and personal habits to make their case. At one point, he seemed to appeal to jurors' emotions, reminding them that Bankman-Fried had lived a big life and now faces prison. Bankman-Fried faces potentially decades in prison on a total of seven counts of wire fraud and conspiracy. The prosecution will have an opportunity for rebuttal on Thursday, and jurors could begin deliberating his fate before the end of the day.. Often raising his voice for dramatic effect, Roos highlighted earlier testimony from Bankman-Fried's inner circle and Google metadata indicating his awareness of the balance sheet woes to show his involvement in the company's oversight. Bankman-Fried testified on Monday that he was unaware of the problems, suggesting others were to blame. And Roos used the time tables to demonstrate separately that Bankman-Fried had lied to Congress about protecting customer assets even as he paid off loans using them, and that he had spent heavily on investments, political contributions and personal items, even after he knew of the massive balance sheet hole. “This was a pyramid of deceit built by the defendant on a foundation of lies and false promises, all to get money, and eventually it collapsed, leaving countless victims in its wake,” Roos thundered. Visit UnchainedCrypto.com for prior episodes Learn more about your ad choices. Visit megaphone.fm/adchoices
Defense lawyer Sam Enzer says Sam Bankman-Fried's testimony had evasive answers and non-sequiturs—but that the defense may now have a good argument for appeal.Sam Enzer, a partner at the law firm Cahill Gordon & Reindel, told Laura that former FTX CEO Sam Bankman-Fried did about as well as he could in his testimony Friday but that he was unlikely “to withstand the scrutiny” of what prosecutors have already said will be a robust cross-examination when he takes the stand Monday. Enzer noted that Bankman-Fried's attempts to explain why he thought his trading shop, Alameda Research, could borrow billions in dollars of FTX customer assets “defies common sense,” and that the company's own terms of agreement or any other communications offered no justification for this belief. A Thursday hearing without the jury present, in which the defense gave a preview of some arguments it wanted to make, ended up giving the government answers from SBF that it can now use against him. Enzer also said that Bankman-Fried's contention that his biggest mistake – a failure to implement proper risk management – did not constitute criminal fraud, did not address the core of the government's case; namely, that he lied about how FTX was handling customer deposits. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights:Why Enzer thinks Sam Bankman-Fried's testimony is unlikely to sway jury sentiment or withstand cross-examinationWhy the evidentiary hearing in which SBF testified without a jury may hurt his causeThe purpose of the evidentiary hearingHow Judge Lewis Kaplan hinted at what he thought about SBF's testimonyHow Bankman-Fried is likely to fare against prosecutor Danielle Sassoon in what she has promised will be a robust cross-examinationHow the defense tried to recast SBF's image by humanizing himWhy the defense now has stronger grounds for an appeal than it previously did What the jury is likely to make of SBF's contention that he was in the dark about core allegations Why the prosecution said it would call rebuttal witnessesWhat a charge conference is and why that will take place after SBF testifiesThank you to our sponsors! | Crypto.com | Arbitrum Foundation | LayerZero | Popcorn NetworkGuest | Sam Enzer, partner at Cahill Gordon & Reindel.Previous appearances on Unchained: Another Bad Week for Sam Bankman-Fried in His Criminal Trial – Ep. 558Why These Lawyers Say It's Over for SBF-But His Only Hail Mary Is to TestifySBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His CaseSBF's Lawyers Could Be Annoying the Judge. How Might That Impact the Trial?Links | Previous coverage by Unchained on the trial of Sam Bankman-Fried:How Heated Sidebars During the SBF Trial Could Impact the Jury's DecisionSBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's FamilySBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable'SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One FactSBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special PrivilegesSam Bankman-Fried Trial: Here's Everything That Happened So FarSBF Trial, Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison?SBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life'SBF Trial, Day 7: In SBF Trial, Did the Defense Lose Its Opportunity With the Star Witness?SBF Trial, Day 8: Former BlockFi CEO Adds Credibility to Fraud Charges SBF Trial, Day 9: Nishad Singh Describes Former FTX CEO as a Bully and Big SpenderSBF Trial, Day 10: Defense Struggles to Discredit Nishad Singh's TestimonySBF Trial, Day 11: How Alameda Got FTX Into a $9 Billion HoleSBF Trial, Day 12: Former FTX General Counsel Speaks Out Against SBFSBF Trial, Day 13: Before Judge, Former FTX CEO Sam Bankman-Fried Gives Few Straight AnswersSBF Trial, Day 14: Sam Bankman-Fried Casts Blame on Others for Key Decisions at FTXDid Sam Bankman-Fried Have Intent to Defraud FTX Investors?Good Morning America: FTX's Sam Bankman-Fried on crypto giant's collapse: 'A lot of people got hurt. And that's on me'Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In a trial during which he has suffered many low points, former FTX CEO Sam Bankman-Fried may have reached a nadir on day 15 as prosecutor Danielle Sassoon used his own words to show stark contradictions from his earlier testimony and a seemingly callous disregard for customer assets. The tenacious, methodical Sassoon punctuated her more than four hours of interrogation on Monday afternoon with devastating audio and visual evidence of Bankman-Fried, including memos to himself, internal FTX and Alameda documents, and testimony to Congress that countered statements he'd made under his defense team team's kinder questioning. In one instance, Sassoon showed a Signal chat in which Bankman-Fried expressed his interest in purchasing MAPs token, a direct refutation of his testifying that he “was not involved at all in any way” in trading. In another instance, she illustrated Bankman-Fried's alleged lack of regard for his Twitter followers, showing a screenshot of a Twitter DM with Kelsy Piper in which he admits to being insincere about his support for regulation that protects customers, telling Piper at one point, “just PR, fuck regulators.” Bankman-Fried claimed not to remember a spreadsheet with seven, different balance sheets created by then Alameda Research CEO Caroline Ellison to make the company's balance sheet look better than it was, a key piece of evidence that Ellison addressed in her testimony. Sassoon presented Google metadata showing Bankman-Fried had read the document. Dressed in a light gray suit with a purple tie, Bankman-Fried claimed repeatedly not to remember other events or his responses in conversations, and he answered other questions with curt yeses and nos, unlike the windy, often convoluted responses that he provided to his defense team earlier in the day and on Monday. And as Sassoon continued to catch him in contradictions, he seemed to grow irritable and occasionally rocked back and forth in his chair. Prosecutors will continue their cross-examination on Tuesday followed by redirect for one or two hours before the defense closes its case. The prosecution will then call two rebuttal witnesses. Catch up on Unchained's previous coverage: SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact SBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special Privileges SBF Trial, Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison? SBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life' SBF Trial, Day 7: In SBF Trial, Did the Defense Lose Its Opportunity With the Star Witness? SBF Trial, Day 8: Former BlockFi CEO Adds Credibility to Fraud Charges SBF Trial, Day 9: Nishad Singh Describes Former FTX CEO as a Bully and Big Spender SBF Trial, Day 10: Defense Struggles to Discredit Nishad Singh's Testimony SBF Trial, Day 11: How Alameda Got FTX Into a $9 Billion Hole SBF Trial, Day 12: Former FTX General Counsel Speaks Out Against SBF SBF Trial, Day 13: Before Judge, Former FTX CEO Sam Bankman-Fried Gives Few Straight Answers SBF Trial, Day 14: Sam Bankman-Fried Casts Blame on Others for Key Decisions at FTX Did Sam Bankman-Fried Have Intent to Defraud FTX Investors? Why These Lawyers Say It's Over for SBF-But His Only Hail Mary Is to Testify Here's How Sam Bankman-Fried's High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect Learn more about your ad choices. Visit megaphone.fm/adchoices
Sam Enzer, a partner at the law firm Cahill Gordon & Reindel, told Laura that former FTX CEO Sam Bankman-Fried did about as well as he could in his testimony Friday but that he was unlikely “to withstand the scrutiny” of what prosecutors have already said will be a robust cross-examination when he takes the stand Monday. Enzer noted that Bankman-Fried's attempts to explain why he thought his trading shop, Alameda Research, could borrow billions in dollars of FTX customer assets “defies common sense,” and that the company's own terms of agreement or any other communications offered no justification for this belief. A Thursday hearing without the jury present, in which the defense gave a preview of some arguments it wanted to make, ended up giving the government answers from SBF that it can now use against him. Enzer also said that Bankman-Fried's contention that his biggest mistake – a failure to implement proper risk management – did not constitute criminal fraud, did not address the core of the government's case; namely, that he lied about how FTX was handling customer deposits. Show highlights: why Enzer thinks Sam Bankman-Fried's testimony is unlikely to sway jury sentiment or withstand cross-examination why the evidentiary hearing in which SBF testified without a jury may hurt his cause the purpose of the evidentiary hearing how Judge Lewis Kaplan hinted at what he thought about SBF's testimony how Bankman-Fried is likely to fare against prosecutor Danielle Sassoon in what she has promised will be a robust cross-examination how the defense tried to recast SBF's image by humanizing him why the defense now has the strongest grounds for an appeal than it previously did what the jury is likely to make of SBF's contention that he was in the dark about core allegations why the prosecution said it will call rebuttal witnesses what a charge conference is and why that will take place after SBF testifies Thank you to our sponsors! Crypto.com Arbitrum Foundation LayerZero Popcorn Network Guest: Sam Enzer, partner at Cahill Gordon & Reindel Links Previous coverage by Unchained on the trial of Sam Bankman-Fried: How Heated Sidebars During the SBF Trial Could Impact the Jury's Decision SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact SBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special Privileges Sam Bankman-Fried Trial: Here's Everything That Happened So Far SBF Trial, Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison? SBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life' SBF Trial, Day 7: In SBF Trial, Did the Defense Lose Its Opportunity With the Star Witness? SBF Trial, Day 8: Former BlockFi CEO Adds Credibility to Fraud Charges SBF Trial, Day 9: Nishad Singh Describes Former FTX CEO as a Bully and Big Spender SBF Trial, Day 10: Defense Struggles to Discredit Nishad Singh's Testimony SBF Trial, Day 11: How Alameda Got FTX Into a $9 Billion Hole SBF Trial, Day 12: Former FTX General Counsel Speaks Out Against SBF SBF Trial, Day 13: Before Judge, Former FTX CEO Sam Bankman-Fried Gives Few Straight Answers SBF Trial, Day 14: Sam Bankman-Fried Casts Blame on Others for Key Decisions at FTX Did Sam Bankman-Fried Have Intent to Defraud FTX Investors? Good Morning America: FTX's Sam Bankman-Fried on crypto giant's collapse: 'A lot of people got hurt. And that's on me' Learn more about your ad choices. Visit megaphone.fm/adchoices
Molly White is a crypto researcher and critic. She joins Big Technology Podcast to break down the latest in the U.S. case against ex-FTX CEO Sam Bankman Fried. In this episode, we go through the charges, the defense, and the likely outcome. Stay tuned for the second half, where we discuss how SBF pulled this off, his ties to the 'effective altruism' movement (and what happens next for that cause), and where crypto goes from here. --- Enjoying Big Technology Podcast? Please rate us five stars ⭐⭐⭐⭐⭐ in your podcast app of choice. For weekly updates on the show, sign up for the pod newsletter on LinkedIn: https://www.linkedin.com/newsletters/6901970121829801984/ Questions? Feedback? Write to: bigtechnologypodcast@gmail.com
Sam Enzer, partner at Cahill Gordon & Reindel, and Brian Klein, partner at Waymaker, discuss the strategies that the defense and prosecution appear to be using, and why the testimonies from FTX software developer Adam Yedidia, FTX cofounder Gary Wang, and others to come will be so damaging for the defense.The first week of the criminal trial of former FTX CEO Sam Bankman-Fried has come to a close, with his former friends and FTX colleagues Adam Yedidia and Gary Wang delivering powerful testimonies that are forming the foundations for the prosecution's arguments — arguments that the defense may have a difficult time surmounting. Sam Enzer, partner at Cahill Gordon & Reindel, and Brian Klein, partner at Waymaker, discuss Alameda's special privileges coded into the FTX software, the reason why a scorched FTX customer may have been chosen as the first witness, and why upcoming key witnesses are going to be a “real problem” for the defense.Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or your favorite podcast platform.Show highlights | What we learned about the prosecution and defense's strategies after the first week of the trialHow the jury being mostly non-finance professionals may impact deliberationsWhy Brian believes someone “out of the mainstream” would make an ideal juror for the defenseWhy Sam believes the defense's opening was stronger than the prosecution'sWhich arguments may be the most difficult for Sam Bankman-Fried's lawyers to defendWhy the defense's “building a plane as you're flying” analogy may come back to hurt them in closingWhy Sam believes the order of the witness testimony so far is helping the prosecution build the foundation of its caseWhether Adam Yedidia's testimony was effective at establishing him as a credible witnessWhether the fact that some witnesses are cooperating to avoid prison time will impact the jury's decisionWhat Gary Wang, former CTO of FTX, revealed about Alameda's special privileges coded into FTX software and how it wasn't an “oversight”Whether Judge Kaplan is growing impatient with the defenseWhether the prosecution's objections were sustained reasonably by Judge KaplanWhy upcoming insider witnesses pose a “real problem” to the defenseWhy Gary Wang, Nishad Sigh, and Caroline Ellison could very well serve no prison timeWhy it's "not even an open question" that the defense team will appeal if they lose the caseThank you to our sponsors! Crypto.com | LayerZero | Popcorn NetworkGuest: | Sam Enzer, partner at Cahill Gordon & ReindelPrevious appearance on Unchained: SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His CaseBrian Klein, partner at WaymakerPrevious appearance on Unchained: SBF Behind Bars: Why Revoked Bail Is a Big Deal for Crypto's Biggest TrialLinks | Previous coverage by Unchained on the trial of Sam Bankman-Fried:Sam Bankman-Fried Trial: Here's Everything That Happened So FarSBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's FamilySBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable'SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One FactSBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special PrivilegesDid Sam Bankman-Fried Have Intent to Defraud FTX Investors?Here's How Sam Bankman-Fried's High-Stakes Trial Could Play OutSBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His CaseThe High-Stakes Trial of Sam Bankman-Fried Begins: What to ExpectIn the SBF Case, Elite Corruption Is What's Really on TrialBusiness Insider: Sam Bankman-Fried deleted his tweet saying FTX 'assets are fine' on the day he announced his Binance deal-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The first week of the criminal trial of former FTX CEO Sam Bankman-Fried has come to a close, with his former friends and FTX colleagues Adam Yedidia and Gary Wang delivering powerful testimonies that are forming the foundations for the prosecution's arguments — arguments that the defense may have a difficult time surmounting. Sam Enzer, partner at Cahill Gordon & Reindel, and Brian Klein, partner at Waymaker, discuss Alameda's special privileges coded into the FTX software, the reason why a scorched FTX customer may have been chosen as the first witness, and why upcoming key witnesses are going to be a “real problem” for the defense. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or your favorite podcast platform. Show highlights: What we learned about the prosecution and defenses strategies after the first week of the trial How the jury being mostly professionals may impact deliberations Why Brian believes someone “out of the mainstream” would make an ideal juror for the defense Why Sam believes the defense's opening was stronger than the prosecution's Which arguments may be the most difficult for Sam Bankman-Fried's lawyers to defend Why the defense's “building a plane as you're flying” analogy may come back to hurt them in closing Why Sam believes the order of the witness testimony so far is helping the prosecution build the foundation of its case Whether Adam Yedidia's testimony was effective at establishing him as a credible witness Whether the fact that some witnesses are cooperating to avoid jail time will impact the jury's decision What Gary Wang, former CTO of FTX, revealed about Alameda's special privileges coded into FTX software and how it wasn't an “oversight” Whether Judge Kaplan is growing impatient with the defense Whether the prosecution's objections were sustained reasonably by Judge Kaplan Why upcoming insider witnesses pose a “real problem” to the defense Why it's "not even an open question" that the defense team will appeal if they lose the case Thank you to our sponsors! Crypto.com LayerZero Popcorn Network Guest: Sam Enzer, partner at Cahill Gordon & Reindel. Previous appearance on Unchained: SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case Brian Klein, partner at Waymaker Previous appearance on Unchained: SBF Behind Bars: Why Revoked Bail Is a Big Deal for Crypto's Biggest Trial Links Previous coverage by Unchained on the trial of Sam Bankman-Fried: Sam Bankman-Fried Trial: Here's Everything That Happened So Far SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact SBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special Privileges Did Sam Bankman-Fried Have Intent to Defraud FTX Investors? Here's How Sam Bankman-Fried's High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect In the SBF Case, Elite Corruption Is What's Really on Trial Learn more about your ad choices. Visit megaphone.fm/adchoices
This time, we teamed up with the Chain Reaction podcast and Jacquelyn Melinek to talk about the ongoing trial of former FTX CEO Sam Bankman-Fried, also known as SBF.The rise of FTX and its later implosion rocked the crypto world when the formerly massive crypto exchange went under last year. In the aftermath, the company's executives have been charged with financial crimes. Many have pleaded guilty and are cooperating with the government. SBF is not.Here's TechCrunch's reporting on the trial thus far that we went over on the show:SBF's trial has started, this is how he and FTX got hereSBF's trial promises to be just as riveting as the rest of the FTX dramaUS government confirms it didn't offer any plea deals to Sam Bankman-FriedMeet the 12 jurors on Sam Bankman-Fried's trialWas FTX an empire ‘built on lies' or a startup that ‘grew too quickly'?That last entry goes over the opening statements, which we got into during the show. Jacquie, of course, hosts TechCrunch's Chain Reaction podcast, which is focused on all things crypto. We're lucky to have her back on the mic.More to come on the SBF trial. Stick close to TechCrunch!For episode transcripts and more, head to Equity's Simplecast website.Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more!
Against the Rules with Michael Lewis: The Trial of Sam Bankman-Fried
The trial of former FTX CEO Sam Bankman-Fried got underway yesterday in the Southern District of New York. First order of business? Empanelling a jury. Reporter Lidia Jean Kott was there. To get more insight into how jury selection works, Lidia Jean sat down with trial consultant Ellen Leggett. Their episode was recorded on October 2 at 6pm ET, with an update after court on October 3. Questions for Michael? Submit them by clicking the link in our show notes or visiting atrpodcast.com To listen to all of our coverage ad-free, sign up for Pushkin plus on the Against The Rules show page in Apple Podcasts or at Pushkin.fm/plusSee omnystudio.com/listener for privacy information.
Special counsel Jack Smith tacks on additional charges against Trump and his aide Walt Nauta in the classified documents case. It comes as Smith adds a third defendant, Carlos De Oliveira, to the case. Plus, House Republicans boast about a “productive” session just before leaving for a five-week recess. And prosecutors drop another charge against former FTX CEO Sam Bankman-Fried. Peter Baker, Katie Benner, Charles Coleman, Joyce Vance, Frank Figliuzzi, Conor Lamb and David Gura join.
Jen's guest today is Ben McKenzie, author of the new book EASY MONEY: CRYPTOCURRENCY, CASINO CAPITALISM, AND THE GOLDEN AGE OF FRAUD. In this incredibly fast-paced, relatable book, Ben, joined by journalist Jacob Silverman, takes us on a journey into the dark side of crypto. You don't need any kind of expertise to follow along. Plus, even if you've been around the bitcoin block before, you will appreciate the jaw-dropping encounters with the key players including FTX CEO Sam Bankman-Fried (before his indictment and extradition from the Bahamas), and Celsius CEO Alex Mashinsky (before his indictment) who admitted to Ben at South by Southwest in early 2022 scope of this scam. Mashinsky said that only “ten to fifteen percent” of the crypto system was real money. “Everthing else,” he said “is just bubble.” Ben has been an outspoken critic of the cryptocurrency craze. Perhaps you saw him on C-Span in December of 2022, when he testified before the Senate Banking Committee for a hearing on the topic: The Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers. During the hearing, Ben called FTX “the biggest Ponzi scheme in history” and told the senators that the 40 million Americans who have invested in crypto “have been lied to, in ways both big and small, by a once seemingly mighty crypto industry whose entire existence in fact depends on misinformation, hype and, yes, fraud.” Not a C-Span cable network fan? You may also know Ben McKenzie from network television, the big screen, or more recently in his 2020 Broadway debut. He starred as Ryan Atwood on the teen drama “The O.C.” and as James Gordon in the hit series “Gotham.” Contact Booked Up: You can email Jen & the Booked Up team at: BOOKEDUP@POLITICON.COM or by writing to: BOOKED UP P.O. BOX 147 NORTHAMPTON, MA 01061 Get More from Ben McKenzie Twitter | Website| Author with Jacob Silverman of EASY MONEY Get More from Jen Taub: taubjen on Threads| Money & Gossip Substack | Author of BIG DIRTY MONEY
The most valuable crypto stories for Friday, July 21, 2023."The Hash" tackles today's hot topics, including the U.S. DOJ accusing former FTX CEO Sam Bankman-Fried of leaking the private diary of ex-Alameda Research CEO Caroline Ellison to the New York Times. A new FTX lawsuit seeks the return of over $1 billion in cash and shares from SBF and other executives. Heather “Razzlekhan” Morgan and Ilya Lichtenstein take plea deal in Bitfinex laundering case. Plus, why hamster racing appears to be the new crypto craze. And, McDonald's opens McNuggets Land in the metaverse.See also:SBF Accused of Leaking Caroline Ellison's Private Diary by U.S. DOJFTX Leadership Seeks Return of Over $1B in Cash, Stocks From Former Executives'Razzlekhan,' Husband Agree to Plea Deal in Bitfinex Hack Laundering Case Worth BillionsMove Over Shiba Inu: Crypto Community Flirts With Hamster Race BettingMcDonald's Opens McNuggets Land in the Metaverse, but McWhy?This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, May 11th, 2023. https://www.breitbart.com/middle-east/2023/05/09/israel-kills-three-islamic-jihad-terrorist-commanders-in-strikes-on-gaza/ Israel Kills Three Islamic Jihad Terrorist Commanders in Strikes on Gaza Israel killed three senior commanders of the Iran-backed Islamic Jihad terrorist group in targeted airstrikes early Tuesday. AP reports the targeted air strikes hit the top floor of an apartment building in Gaza City and a house in the southern town of Rafah. The Palestinian Health Ministry said 20 people were wounded and ambulances were continuing to evacuate people from the targeted areas. Israel’s Home Front command ordered the closure of schools, beaches and highways in cities and towns in southern Israel, and limited public gatherings ahead of anticipated retaliatory strikes. The military said the three men targeted in the counter-terror operation had been responsible for recent rocket fire toward Israel. It identified them as Khalil Bahtini, the Islamic Jihad commander for northern Gaza Strip; Tareq Izzeldeen, the group’s intermediary between its Gaza and West Bank members; and Jehad Ghanam, the secretary of the Islamic Jihad’s military council. Their funerals were planned for later in the day. The bombings came days after Gazan terrorists led by Islamic Jihad fired 104 rockets toward Israel in response to the death of an alleged senior member of the group who had been on hunger strike in Israeli prison, the Times of Israel reports. Several rockets struck during the May 2 clash, injuring three workers and damaging homes and cars. Islamic Jihad, which is smaller than Gaza’s ruling Hamas group, confirmed the three were among the dead. The Palestinian Health Ministry said that along with the three commanders, their wives, several of their children and others nearby were also killed — 13 in all. Hamas leader Ismail Haniyeh warned that Israel will “pay the price” for the killings. “Assassinating the leaders with a treacherous operation will not bring security to the occupier, but rather more resistance,” Haniyeh said in a statement. https://www.washingtonexaminer.com/news/crime/portland-revives-police-unit-traffic-deaths-surge Portland revives police unit as traffic deaths surge Portland, Oregon, police will announce the reinstatement of their traffic division on Tuesday after facing one of its deadliest years for pedestrians in 2022. After dissolving its traffic division in 2020, traffic deaths broke a 70-year record. In 2022, 63 people were killed in traffic crashes, equal to a 30-year-high record in 2021. Those deaths included 31 pedestrians who were killed, reaching historic high levels. Police Chief Chuck Lovell blamed historically low staffing numbers and said the bureau needed to focus on 911 calls as reasons to disband the division in 2020. Lovell and Mayor Ted Wheeler were united on the narrative that cutting out the traffic division was due to staffing decreases and funding concerns. However, Jo Ann Hardesty, the former commissioner of the Portland Bureau of Transportation, saw this measure as a political measure to gather public sympathy. Hardesty described the narrative around the police as pushing that their only problem is a lack of officers and money, when the issue lies much deeper than that, pointing to a rise in violence and pushing to keep the Portland community safe. In the past, Portland has taken measures to increase pedestrian safety, including implementing a "left-turn calming" tool aimed at making intersections safer for walkers by slowing turning speeds. Starting in 2020, the initiative takes after New York City’s "turning calm" project. Lovell is expected to make an announcement Tuesday afternoon after the two-year hiatus made Portland one of the largest cities in the nation to lack a traffic division. https://thepostmillennial.com/oregonians-blast-lawmakers-over-proposed-bill-to-legalize-homeless-camps?utm_campaign=64487 Oregonians blast lawmakers over proposed bill to legalize homeless camps Oregon Democratic lawmakers have canceled a public hearing on a bill that would have allowed homeless people to camp in public places and sue if told to leave, following massive pushback. Democratic lawmakers proposed the bill that would have decriminalized camping on public property and would allow homeless individuals to sue for up to $1,000 if they are "harassed" or told to relocate. House Bill 3501, also known as the “Right to Rest Act,” was sponsored by Democratic state Reps. Farrah Chaichi and Khanh Pham. It stated that “persons experiencing homelessness” will have "a privacy interest and a reasonable expectation of privacy in any property belonging to the person, regardless of whether the property is located in a public space." The bill added that the homeless will "be permitted to use public spaces in the same manner as any other person without discrimination based on their housing status" and stated that they have a right to "move freely in public spaces without discrimination and time limitations that are based on housing status." Over 2,000 written statements in opposition were received through the legislature's website. Fahey added that the bill had become a "significant distraction" from representatives' work. Oregon's homeless population spiked approximately 22.5 percent from 2020 to 2022, Fox News reported. Portland Democratic Mayor Ted Wheeler’s office reported a 50 percent increase in homelessness from 2019 to 2022. According to census data, Portland lost 0.04 percent of its population after 30 years straight of growth; the general population has declined for three years in a row. Portland resident Jacob Adams told Fox & Friends in February "I love Portland, and I love where I live," discussing a homeless encampment next to his house, where there are regular fires and drug activity, even gunshots. "I'm asking you to please do something, so the people of the city feel safe." https://www.washingtonexaminer.com/policy/immigration/abbott-reveals-brownsville-border-wired-shut-texas Abbott reveals Brownsville border 'wired shut' to ward off thousands of migrants Gov. Greg Abbott (R-TX) showed how the state is seeking to temper a rush of migrants at the southern border late Monday evening, posting a video revealing barbed wiring strung across gaps along the border. The video shows a nighttime shot of the border just two days before the expected end of the Trump-era Title 42 policy that allowed the swift expulsion of migrants on the grounds of public health. Hundreds of feet of spiraled wire can be seen along the ground, and some areas show the wire stacked to form a partition several feet tall. “This is one thing Texas is doing to secure the border,” Abbott wrote in his post sharing the video of the sprawling wire fence. “This is the area near Brownsville where migrants were crossing in large numbers a few days ago. We now have it wired shut. Other areas will surface for crossing. We will wire them shut also.” Abbott's tweet came just hours after he made his first public address over the border crisis since 34-year-old George Alvarez was arrested and charged with eight counts of manslaughter after his SUV plowed through a group of people outside Bishop Enrique San Pedro Ozanam Center, a migrant facility, on Sunday. The collision involving Alvarez is still under investigation, and a toxicology report is pending. Police revealed Monday that Alvarez has an extensive criminal history, including multiple assault charges. A witness to the collision said the driver made anti-immigrant remarks before he was detained by members of the public, according to the Independent. Additional security risks have reportedly continued at the Ozanam Center since the fatal crash. On Monday, a driver reportedly approached the migrant facility's gate with a gun and attempted to enter, according to a News Nation reporter. That facility has been operating over its intended capacity for almost a month and is planning to expand the number of sleeping spaces from 250 to 380 per night. Abbott's update comes as multiple Customs and Border Protection officials are reportedly considering "safe" street releases of immigrants to communities on the U.S. side of the border if no nongovernmental organization shelters or CBP facilities have the capacity to hold them. The Republican governor on Monday accused cartels of "working in collaboration with President Biden and the federal government to facilitate that illegal" border crossing. Thousands of migrants are lining up near various sections of the border, stretching all the way from as far south as Brownsville to the northwestern city of El Paso. There, immigration enforcement agents announced plans to target migrants crowding the city streets, according to a CBP statement. In addition to the number of migrants at the border, Republicans in border states have rallied against the persistent smuggling of deadly fentanyl into the country. Neatly 385 million fatal doses have been seized by border https://www.dailywire.com/news/sam-bankman-fried-tries-to-get-most-of-the-charges-against-him-dismissed Sam Bankman-Fried Tries To Get Most Of The Charges Against Him Dismissed Attorneys who represent former FTX CEO Sam Bankman-Fried are attempting to dismiss 10 of the 13 charges filed against the disgraced cryptocurrency entrepreneur. Several firms controlled by Bankman-Fried imploded at the end of last year after customers and investors learned that FTX had improperly commingled funds with sister trading company Alameda Research. Lawyers for Bankman-Fried asserted in a Monday court filing that the original indictment levied against the entrepreneur came from a “classic rush to judgment” and that the case involved “civil and regulatory issues” rather than federal crimes. “Rather than wait for traditional civil and regulatory processes following their ordinary course to address the situation, the government jumped in with both feet,” the filing asserted. “Each of the charges contained boilerplate recitals of statutory language, followed by literally one sentence purportedly describing the basis for the charge.” Bankman-Fried was detained in the Bahamas and extradited to the United States in December, nearly one month after FTX collapsed and bankruptcy procedures were initiated. Attorneys contended that officials violated the extradition treaty between the two nations since the Bahamian government issued a warrant of surrender “specifying that he be tried on seven of the eight counts” in the original indictment, even as American officials later brought additional charges without the consent of authorities in the island nation. Bankman-Fried was initially charged in December with crimes such as conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to defraud the Federal Election Commission through campaign finance violations. Another superseding indictment unveiled in February added four new charges, including conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transfer business. Bankman-Fried was also charged in March with paying bribes to one or more members of the Chinese Communist Party. Bankman-Fried faces the charges in the Southern District of New York, which often oversees high-profile financial fraud cases. The entrepreneur, who has pleaded not guilty to all charges and currently resides with his parents in northern California, is expected to appear for trial in early October. Lawyers for the entrepreneur meanwhile claimed that the collapse of FTX occurred in the context of broader difficulties in the cryptocurrency sector. “As with a traditional bank run, numerous customers simultaneously sought to withdraw their assets, thus feeding fears that a collapse was inevitable,” the court filing said. “The market crash took down many of the major players in this sector, not just FTX.”
This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, May 11th, 2023. https://www.breitbart.com/middle-east/2023/05/09/israel-kills-three-islamic-jihad-terrorist-commanders-in-strikes-on-gaza/ Israel Kills Three Islamic Jihad Terrorist Commanders in Strikes on Gaza Israel killed three senior commanders of the Iran-backed Islamic Jihad terrorist group in targeted airstrikes early Tuesday. AP reports the targeted air strikes hit the top floor of an apartment building in Gaza City and a house in the southern town of Rafah. The Palestinian Health Ministry said 20 people were wounded and ambulances were continuing to evacuate people from the targeted areas. Israel’s Home Front command ordered the closure of schools, beaches and highways in cities and towns in southern Israel, and limited public gatherings ahead of anticipated retaliatory strikes. The military said the three men targeted in the counter-terror operation had been responsible for recent rocket fire toward Israel. It identified them as Khalil Bahtini, the Islamic Jihad commander for northern Gaza Strip; Tareq Izzeldeen, the group’s intermediary between its Gaza and West Bank members; and Jehad Ghanam, the secretary of the Islamic Jihad’s military council. Their funerals were planned for later in the day. The bombings came days after Gazan terrorists led by Islamic Jihad fired 104 rockets toward Israel in response to the death of an alleged senior member of the group who had been on hunger strike in Israeli prison, the Times of Israel reports. Several rockets struck during the May 2 clash, injuring three workers and damaging homes and cars. Islamic Jihad, which is smaller than Gaza’s ruling Hamas group, confirmed the three were among the dead. The Palestinian Health Ministry said that along with the three commanders, their wives, several of their children and others nearby were also killed — 13 in all. Hamas leader Ismail Haniyeh warned that Israel will “pay the price” for the killings. “Assassinating the leaders with a treacherous operation will not bring security to the occupier, but rather more resistance,” Haniyeh said in a statement. https://www.washingtonexaminer.com/news/crime/portland-revives-police-unit-traffic-deaths-surge Portland revives police unit as traffic deaths surge Portland, Oregon, police will announce the reinstatement of their traffic division on Tuesday after facing one of its deadliest years for pedestrians in 2022. After dissolving its traffic division in 2020, traffic deaths broke a 70-year record. In 2022, 63 people were killed in traffic crashes, equal to a 30-year-high record in 2021. Those deaths included 31 pedestrians who were killed, reaching historic high levels. Police Chief Chuck Lovell blamed historically low staffing numbers and said the bureau needed to focus on 911 calls as reasons to disband the division in 2020. Lovell and Mayor Ted Wheeler were united on the narrative that cutting out the traffic division was due to staffing decreases and funding concerns. However, Jo Ann Hardesty, the former commissioner of the Portland Bureau of Transportation, saw this measure as a political measure to gather public sympathy. Hardesty described the narrative around the police as pushing that their only problem is a lack of officers and money, when the issue lies much deeper than that, pointing to a rise in violence and pushing to keep the Portland community safe. In the past, Portland has taken measures to increase pedestrian safety, including implementing a "left-turn calming" tool aimed at making intersections safer for walkers by slowing turning speeds. Starting in 2020, the initiative takes after New York City’s "turning calm" project. Lovell is expected to make an announcement Tuesday afternoon after the two-year hiatus made Portland one of the largest cities in the nation to lack a traffic division. https://thepostmillennial.com/oregonians-blast-lawmakers-over-proposed-bill-to-legalize-homeless-camps?utm_campaign=64487 Oregonians blast lawmakers over proposed bill to legalize homeless camps Oregon Democratic lawmakers have canceled a public hearing on a bill that would have allowed homeless people to camp in public places and sue if told to leave, following massive pushback. Democratic lawmakers proposed the bill that would have decriminalized camping on public property and would allow homeless individuals to sue for up to $1,000 if they are "harassed" or told to relocate. House Bill 3501, also known as the “Right to Rest Act,” was sponsored by Democratic state Reps. Farrah Chaichi and Khanh Pham. It stated that “persons experiencing homelessness” will have "a privacy interest and a reasonable expectation of privacy in any property belonging to the person, regardless of whether the property is located in a public space." The bill added that the homeless will "be permitted to use public spaces in the same manner as any other person without discrimination based on their housing status" and stated that they have a right to "move freely in public spaces without discrimination and time limitations that are based on housing status." Over 2,000 written statements in opposition were received through the legislature's website. Fahey added that the bill had become a "significant distraction" from representatives' work. Oregon's homeless population spiked approximately 22.5 percent from 2020 to 2022, Fox News reported. Portland Democratic Mayor Ted Wheeler’s office reported a 50 percent increase in homelessness from 2019 to 2022. According to census data, Portland lost 0.04 percent of its population after 30 years straight of growth; the general population has declined for three years in a row. Portland resident Jacob Adams told Fox & Friends in February "I love Portland, and I love where I live," discussing a homeless encampment next to his house, where there are regular fires and drug activity, even gunshots. "I'm asking you to please do something, so the people of the city feel safe." https://www.washingtonexaminer.com/policy/immigration/abbott-reveals-brownsville-border-wired-shut-texas Abbott reveals Brownsville border 'wired shut' to ward off thousands of migrants Gov. Greg Abbott (R-TX) showed how the state is seeking to temper a rush of migrants at the southern border late Monday evening, posting a video revealing barbed wiring strung across gaps along the border. The video shows a nighttime shot of the border just two days before the expected end of the Trump-era Title 42 policy that allowed the swift expulsion of migrants on the grounds of public health. Hundreds of feet of spiraled wire can be seen along the ground, and some areas show the wire stacked to form a partition several feet tall. “This is one thing Texas is doing to secure the border,” Abbott wrote in his post sharing the video of the sprawling wire fence. “This is the area near Brownsville where migrants were crossing in large numbers a few days ago. We now have it wired shut. Other areas will surface for crossing. We will wire them shut also.” Abbott's tweet came just hours after he made his first public address over the border crisis since 34-year-old George Alvarez was arrested and charged with eight counts of manslaughter after his SUV plowed through a group of people outside Bishop Enrique San Pedro Ozanam Center, a migrant facility, on Sunday. The collision involving Alvarez is still under investigation, and a toxicology report is pending. Police revealed Monday that Alvarez has an extensive criminal history, including multiple assault charges. A witness to the collision said the driver made anti-immigrant remarks before he was detained by members of the public, according to the Independent. Additional security risks have reportedly continued at the Ozanam Center since the fatal crash. On Monday, a driver reportedly approached the migrant facility's gate with a gun and attempted to enter, according to a News Nation reporter. That facility has been operating over its intended capacity for almost a month and is planning to expand the number of sleeping spaces from 250 to 380 per night. Abbott's update comes as multiple Customs and Border Protection officials are reportedly considering "safe" street releases of immigrants to communities on the U.S. side of the border if no nongovernmental organization shelters or CBP facilities have the capacity to hold them. The Republican governor on Monday accused cartels of "working in collaboration with President Biden and the federal government to facilitate that illegal" border crossing. Thousands of migrants are lining up near various sections of the border, stretching all the way from as far south as Brownsville to the northwestern city of El Paso. There, immigration enforcement agents announced plans to target migrants crowding the city streets, according to a CBP statement. In addition to the number of migrants at the border, Republicans in border states have rallied against the persistent smuggling of deadly fentanyl into the country. Neatly 385 million fatal doses have been seized by border https://www.dailywire.com/news/sam-bankman-fried-tries-to-get-most-of-the-charges-against-him-dismissed Sam Bankman-Fried Tries To Get Most Of The Charges Against Him Dismissed Attorneys who represent former FTX CEO Sam Bankman-Fried are attempting to dismiss 10 of the 13 charges filed against the disgraced cryptocurrency entrepreneur. Several firms controlled by Bankman-Fried imploded at the end of last year after customers and investors learned that FTX had improperly commingled funds with sister trading company Alameda Research. Lawyers for Bankman-Fried asserted in a Monday court filing that the original indictment levied against the entrepreneur came from a “classic rush to judgment” and that the case involved “civil and regulatory issues” rather than federal crimes. “Rather than wait for traditional civil and regulatory processes following their ordinary course to address the situation, the government jumped in with both feet,” the filing asserted. “Each of the charges contained boilerplate recitals of statutory language, followed by literally one sentence purportedly describing the basis for the charge.” Bankman-Fried was detained in the Bahamas and extradited to the United States in December, nearly one month after FTX collapsed and bankruptcy procedures were initiated. Attorneys contended that officials violated the extradition treaty between the two nations since the Bahamian government issued a warrant of surrender “specifying that he be tried on seven of the eight counts” in the original indictment, even as American officials later brought additional charges without the consent of authorities in the island nation. Bankman-Fried was initially charged in December with crimes such as conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to defraud the Federal Election Commission through campaign finance violations. Another superseding indictment unveiled in February added four new charges, including conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transfer business. Bankman-Fried was also charged in March with paying bribes to one or more members of the Chinese Communist Party. Bankman-Fried faces the charges in the Southern District of New York, which often oversees high-profile financial fraud cases. The entrepreneur, who has pleaded not guilty to all charges and currently resides with his parents in northern California, is expected to appear for trial in early October. Lawyers for the entrepreneur meanwhile claimed that the collapse of FTX occurred in the context of broader difficulties in the cryptocurrency sector. “As with a traditional bank run, numerous customers simultaneously sought to withdraw their assets, thus feeding fears that a collapse was inevitable,” the court filing said. “The market crash took down many of the major players in this sector, not just FTX.”
A federal judge ruled that former Vice President Mike Pence must testify in the Justice Department's investigation of former President Donald Trump's efforts to overturn the results of the 2020 election. He will be expected to testify about any potential illegal acts committed by Trump.At least 40 migrants died Monday night after a fire at a migrant detention center in Ciudad Juarez, a border city in northern Mexico. The blaze reportedly began during a protest by migrants, after they learned they would be deported.And in headlines: former FTX CEO Sam Bankman-Fried was charged with bribing Chinese officials, a Maryland court reinstated Adnan Syed's murder conviction, and Dairy Queen dropped its new summer lineup.Show Notes:What A Day – YouTube – https://www.youtube.com/@whatadaypodcastCrooked Coffee is officially here. Our first blend, What A Morning, is available in medium and dark roasts. Wake up with your own bag at crooked.com/coffeeFollow us on Instagram – https://www.instagram.com/crookedmedia/For a transcript of this episode, please visit crooked.com/whataday
JP Morgan CEO Jamie Dimon will testify about his bank's relationship with Jeffrey Epstein, the Middle East is enjoying an IPO boom, China has expanded its bailout lending as its Belt and Road Initiative falters, and former FTX CEO Sam Bankman-Fried has been charged with bribery. Mentioned in this podcast:JPMorgan's Jamie Dimon to be deposed in Epstein lawsuits Middle East on ‘radar' of global investors as it enjoys IPO boomChina grants bailouts as Belt and Road Initiative faltersUS charges Sam Bankman-Fried with bribing Chinese officialsDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show's editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The most valuable crypto stories for Wednesday, Feb. 1, 2023. Bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022, according to an interim financial update filed on Wednesday. This comes as a New York judge has prohibited former FTX CEO Sam Bankman-Fried from attempting to contact any former or current employees of Alameda Research or FTX. Plus, ARK Invest is out with its 2023 "Big Ideas" research report and predicts bitcoin (BTC) will still close the decade at $1 million because its fundamentals are sound, despite a turbulent 2022.See also: Why Venture Capitalists Won't Be Held Accountable for Investing in FTXBankrupt Crypto Exchange FTX Had Around $1.4B Cash at End of 2022Judge Bans Sam Bankman-Fried From Contacting FTX Employees and Using SignalARK Invest Maintains Prediction Bitcoin Price Will Hit $1M by 2030-This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The most valuable crypto stories for Thursday, January 12, 2023. "The Hash" group discusses the latest headlines moving the crypto markets, including crypto lender Nexo being investigated by authorities in Bulgaria on suspicion of money laundering, tax offenses, banking without a license, and computer fraud. Plus, former FTX CEO Sam Bankman-Fried denies stealing funds and claims FTX and sister company Alameda Research collapsed because of the crypto market meltdown and inadequate hedging on Alameda's part, in a new post on Substack.See also:Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax ViolationsSam Bankman-Fried Denies Stealing FTX Funds in New Online PostFTX Loan Wiped Out $800M in BlockFi Executives' Equity, Court Filing Reveals-This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This episode is sponsored by the Galaxy Brains Podcast.The most valuable crypto stories for Wednesday, January 4, 2023. "The Hash" panel discusses the top stories shaping the crypto markets today, including the interim CEO of Genesis Global Trading telling clients the cryptocurrency brokerage and lender needs more time to sort out its tricky financial position. Genesis and CoinDesk are both owned by parent company Digital Currency Group. Plus, a closer look at the road ahead for former FTX CEO Sam Bankman-Fried's legal proceedings as a tentative trial date of Oct. 2.See also: Coinbase Will Pay $50M Fine to New York Regulator to Settle Background Check Charges FTX Founder Sam Bankman-Fried Pleads ‘Not Guilty' to Fraud, Conspiracy Charges -This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”-Galaxy Brains: Whether it's breaking down market volatility or analyzing the latest development, come for the latest market insights from our in-house trading professionals and renowned experts from across the industry. Stay for the occasional rap from host Alex Thorn. Check out the latest episodes here: https://www.galaxy.com/research/podcasts/galaxy-brains/?utm_source=Hash&utm_medium=podcast&utm_id=CoinDeskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This episode is sponsored by Galaxy Brains Podcast.The most valuable crypto stories for Tuesday, Jan. 3, 2022.The former FTX CEO Sam Bankman-Fried is set to appear in person at a Manhattan federal court this afternoon. The Wall Street Journal reports that the disgraced crypto exchange founder will likely plead not guilty to fraud at his arraignment. Plus, a closer look at why Solana (SOL) is climbing, while other cryptos like bitcoin (BTC) and ether (ETH), were little changed following a flat weekend.See also: Sam Bankman-Fried Pleads ‘Not Guilty' to Fraud, Conspiracy ChargesBahamas-FTX Dispute Heats Up as Bankman-Fried Prepares for TrialPreviewing FTX Founder Sam Bankman-Fried's Not Guilty Plea in CourtSolana Exec Says Platform Still Gaining New Users Despite FTX's CollapseSolana's SOL Token Surges 20% as Dog Coin Bonk Fires Up Community Interest-This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”-Galaxy Brains: Whether it's breaking down market volatility or analyzing the latest development, come for the latest market insights from our in-house trading professionals and renowned experts from across the industry. Stay for the occasional rap from host Alex Thorn. Check out the latest episodes here: https://www.galaxy.com/research/podcasts/galaxy-brains/?utm_source=Hash&utm_medium=podcast&utm_id=CoinDeskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Guest host Justin Barclay Discusses the insane omnibus bill, update on the Kari Lake trial and FTX CEO Sam Bankman-Fried release from jail. Rep. Bill Huizenga joins the show to discuss what is inside this crazy omnibus bill and what we can expect. Nick & Sarah Natale join the show to talk about their wedding venue business being shut down and being canceled, because they didn't allow a LGBTQ+ wedding to take place in their venue. Father Dwight Longenecker joins the show to give over his insight into why we celebrate Christmas and the origins of its history. Learn more about your ad choices. Visit megaphone.fm/adchoices
Sam and Emma host Dr. MarkAlain Dery, infectious disease specialist at AccessHealth Louisiana and host of the Noise Filter podcast, to discuss the current state of COVID-19 and RSV heading further into the winter season. Then, they are joined by Leo Schwartz, reporter at Fortune Magazine, to discuss the recent congressional committee hearings surrounding FTX CEO Sam Bankman-Fried. First, Sam and Emma run through updates on the release of Trump's tax returns, Zelensky's appearance in DC, Wells Fargo's multi-billion fraud fine, and the newest iteration of the Twitter Files, before diving into the Right's response to the embarrassment, harassment, and destruction that can come from the disclosure of tax returns. Then, Dr. MarkAlain Dery joins as he dives right into the crisis of a re-emergence of the flu and RSV (respiratory syncytial virus) coinciding with a renewed public bout with COVID, tackling whether the return of the various repertory and inflammatory viruses has to do with a lack of immunity due to COVID precautions, or if it's simply a result of increased testing of these types of illness, before diving into the impact of inflammatory diseases in increasing risk of heart attack and stroke. Next, Dr. Dery walks through the evolving COVID policy in China, and the impact that can have on the international stage, before walking through the emerging new variants, vaccine boosting, and the various social comorbidities that we have seen in the US. Leo Schwartz then joins as he tackles what the hell Sam Bankman-Fried's FTX actually is, how they first expanded the crypto trading world before bending the rules of trade themselves, and wrap up the interview by parsing through the role of SBF and FTX in using Washington connections to help legitimize the role of crypto in US politics writ large. And in the Fun Half: Sam and Emma discuss COVID, Crypto, and Dore, much to a listener's chagrin, Dave from Jamaica stops by the studio, and Joe Manchin reminds us that the true bipartisanship was the platitudes we made along the way. Tim Pool stumbles into hosting another anti-semite on his show as he tackles whether or not Kanye is turning Jews to god, also tracing Woke Patient Zero back to the Occupy Wallstreet wet market, and Mike Lindell is censored on his own network! Kowalski from Nebraska gives his agriculture updates, plus, your calls and IMs! Check out the Noise Filter podcast here: https://www.noisefiltershow.com/ Check out the slideshow Dr. Dery presented today here: https://www.noisefiltershow.com/slides Check out Leo's work here: https://fortune.com/author/leo-schwartz/ Check out the Wildfire Project here: http://wildfireproject.org/ Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Subscribe to the ESVN YouTube channel here: https://www.youtube.com/esvnshow Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: http://majority.fm/app Check out today's sponsors: Sunset Lake CBD: sunsetlakecbd is a majority employee owned farm in Vermont, producing 100% pesticide free CBD products. Great company, great product and fans of the show! Use code Leftisbest and get 20% off at http://www.sunsetlakecbd.com. All NEW hemp smokables— flower, and smalls— are buyone get one free! Mix and match cultivars to find your new favorite. No promo code needed. Aura: Protect yourself from America's fastest-growing crime. Try Aura for 14 days for free: https://aura.com/majority Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattBinder @MattLech @BF1nn @BradKAlsop Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Subscribe to Discourse Blog, a newsletter and website for progressive essays and related fun partly run by AM Quickie writer Jack Crosbie. https://discourseblog.com/ Check out Ava Raiza's music here! https://avaraiza.bandcamp.com/ The Majority Report with Sam Seder - https://majorityreportradio.com/
Wednesday, December 14th, 2022 Today, in the Hot Notes: the 1/6 Committee announced it will vote on criminal referrals in a public hearing scheduled this coming Monday; the Department of Justice is trying to access data in Rep. Scott Perry's phone; another associate of Joel Greenberg has been arrested and another dies by suicide; FTX CEO Sam Bankman-Fried has been indicted and arrested; Rep. Carolyn Maloney asks the National Archives to search a Trump storage unit; plus Allison and Dana deliver your Good News. Follow the Podcast on Apple: https://apple.co/3XNx7ck Check out other fine MSW Media podcasts https://mswmedia.com/shows/ Follow AG and Dana on Twitter: Dr. Allison Gill https://twitter.com/allisongill https://twitter.com/MuellerSheWrote https://twitter.com/dailybeanspod Dana Goldberg https://twitter.com/DGComedy Have some good news, a confession, a correction, or a case for Beans Court? https://www.dailybeanspod.com/confessional/ Listener Survey: http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=short Want to support the show and get it ad-free and early? https://dailybeans.supercast.tech Or https://patreon.com/thedailybeans Or subscribe on Apple Podcasts https://apple.co/3UKzKt0 Learn more about your ad choices. Visit megaphone.fm/adchoices
The Rich Zeoli Show- Full Episode (12/13/2022): 3:05pm- In an article published on Tuesday, Washington Post reporter Kevin Sieff wrote how “Mexican organized crime” has “penetrated even suburban America” in the form of fentanyl imports, and subsequent overdoses, thanks to a porous U.S. Southern border. 3:30pm- While appearing on MSNBC, Dr. Anthony Fauci—Director of the National Institute of Allergy and Infectious Diseases—stated, “we are still in the middle of a pandemic.” 3:40pm- On Monday, former FTX CEO Sam Bankman-Fried was arrested in the Bahamas and was charged with “wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering,” according to The New York Times. On Tuesday, current FTX CEO John Ray testified before Congress explaining that under Bankman-Fried's leadership, “there was no record keeping whatsoever.” 4:00pm- Tim Carney—Senior Columnist at The Washington Examiner—joins The Rich Zeoli Show to discuss his recent article, “The Left's Endless String of Censorship Justifications.” Carney writes of Democrats, “[t]hey are trying to shoehorn conservative speech into a category of unprotected speech.” For example, in November, Rep. Alexandria Ocasio Cortez accused Tucker Carlson of engaging in “stochastic terrorism” for criticizing her on his nightly Fox News television show. 4:20pm- The Daily Wire compiled a list of the darkest Christmas movies—the list included, Bad Santa, Violent Night, The Night Before, and Die Hard. On Tuesday, Florida Governor Ron DeSantis held a roundtable COVID-19 discussion where he petitioned the state's Supreme Court to impanel a grand jury to investigate the role pharmaceutical companies played in downplaying the potential side-effects of mRNA vaccinations. In an opinion editorial featured in The Wall Street Journal, Johns Hopkins Professor Dr. Marty Makary writes: “Long Covid is real. I have reliable patients who describe lingering symptoms after Covid infection. But public-health officials have massively exaggerated long Covid to scare low-risk Americans as our government gives more than $1 billion to a long Covid medical-industrial complex.” 5:00pm- Dr. Victoria Coates—Senior Research Fellow for International Affairs and National Security in the Margaret Thatcher Center for Freedom at the Heritage Foundation—joins The Rich Zeoli Show to discuss the Energy Department's announcement that a laboratory in California has moved one step closer to successfully developing a near endless supply of energy via nuclear fusion. The Wall Street Journal writes: “The Livermore facility uses nearly 200 lasers to heat and compress hydrogen atoms to temperatures of more than 180 million degrees Fahrenheit and pressures more than 100 billion times Earth's atmosphere. Those extreme conditions create a state of matter known as plasma, in which hydrogen atoms fuse. The same process powers the sun and other stars.” 5:30pm- Congresswoman Alexandria Ocasio Cortez' new documentary bombs at the box office, grossing under $10,000 the weekend of its release. 5:45pm- The New York Times announced that it has selected Senator-elect John Fetterman (D-PA) as one of its “most stylish” people of 2022. How??? 6:05pm- Mark O'Conner—Families Behind the Badge Children's Foundation—joins The Rich Zeoli Show to discuss the 3rd Annual Andy Chan Holiday Block Party on December 16th from 4pm to 8pm. For more information about this incredible event, visit: https://www.fbbcf.org/index.cfm?fuseaction=donorDrive.event&eventID=612 6:15pm- While appearing on CBS, Alexandra Pelosi claimed she is not “a card-carrying member of the Democratic Party” and doesn't view herself as overtly political despite being the daughter of Speaker of the House Nancy Pelosi. 6:20pm- On Sunday, Elon Musk tweeted: “My pronouns are Prosecute/Fauci.” Dr. Anthony Fauci responded to the tweet during an interview with Andrea Mitchell on MSNBC. 6:45pm- Last month, New York City announced they were seeking to hire a "Director of Rodent Mitigation" to help address the city's growing rat population. Bad News: Henry was not offered the position of “Rat Czar” despite applying—was bringing a baseball bat wrapped in barbed wire to his interview a mistake? 6:55pm- Who Won Social Medi
The Rich Zeoli Show- Hour 1: In an article published on Tuesday, Washington Post reporter Kevin Sieff wrote how “Mexican organized crime” has “penetrated even suburban America” in the form of fentanyl imports, and subsequent overdoses, thanks to a porous U.S. Southern border. While appearing on MSNBC, Dr. Anthony Fauci—Director of the National Institute of Allergy and Infectious Diseases—stated, “we are still in the middle of a pandemic.” On Monday, former FTX CEO Sam Bankman-Fried was arrested in the Bahamas and was charged with “wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering,” according to The New York Times. On Tuesday, current FTX CEO John Ray testified before Congress explaining that under Bankman-Fried's leadership, “there was no record keeping whatsoever.”
I've been getting some incredible emails from happy subscribers who are making 200–300% gains in a matter of days… And it's all thanks to our best-performing product, Moneyflow Trader. While the market is foundering, editor Genia Turanova is averaging a winning trade every 26 days. I want everyone to have the chance to benefit from Genia's work… which is why, for a limited time, I'm offering this incredible product for 90% off the retail price. Turning to the markets… Daniel and I break down what to expect from today's Fed meeting and Fed Chair Jerome Powell's Q&A later this afternoon. Yesterday's Consumer Price Index (CPI) data showed inflation is trending lower, fueling market bulls' hopes for a quick end to the Fed's interest rate hikes. Daniel and I debate whether we've hit peak inflation. I explain why the bulls are crazy if they think the Fed will cut rates anytime soon… and why investors need to prepare for market chaos through 2023. Finally, turning to crypto… The House Financial Services Committee convened yesterday following the arrest of former FTX CEO Sam Bankman-Fried. We discuss the smoking gun that could bury SBF… why the crypto industry will come out stronger following the FTX catastrophe… and why SBF should be on “Epstein watch.” Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :
Frank is attending his daughter's Christmas play (yes, midday on a Tuesday), leaving me, Daniel, behind the mic. Stocks are in rally mode following this morning's lower-than-expected Consumer Price Index (CPI) data. I share the factors behind the market's optimism (but why investors shouldn't count their chickens just yet)… how to take advantage of the rally… and what to expect from tomorrow's Fed meeting. Cryptos are also rallying—with Bitcoin nearing the $18,000 mark—following the arrest of former FTX CEO Sam Bankman-Fried. I explain why SBF should be in jail… why the fallout from the FTX collapse isn't over yet… and why SBF's arrest is great news for the crypto space. In this episode: Markets are rallying… but don't count your chickens yet [1:20] What to expect from tomorrow's Fed meeting [4:20] Why Sam Bankman-Fried should be in jail [6:30] Why SBF's arrest is great for crypto [17:40] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :
The Rich Zeoli Show- Hour 2: On ABC's “This Week,” George Stephanopoulos asked House Democrat Leader Hakeem Jeffries about allegations he is an election denier. Following the 2016 Presidential election, Jeffries frequently referred to Donald Trump as an illegitimate president. While appearing on Fox News with Sean Hannity, Jim Jordan accused the Federal Bureau of Investigation (FBI) of engaging in political bias when deciding to investigate Donald Trump and vowed to hold them accountable. According to The Gateway Pundit, Elon Musk has alleged that FTX CEO Sam Bankman-Fried donated more than $1 billion to Democrat candidates. SBF has been accused of taking customer investments and illegally funneling them to another entity he controlled, Alameda Research. On Monday, the U.S. Supreme Court heard oral arguments in 303 Creative v. Elenis. The question being asked before the court is whether Lorie Smith, a wedding website designer, is legally permitted to decline creating custom webpages for same-sex weddings—is her religious objection protected by the First Amendment? During oral argument, Justice Neil Gorsuch noted that Colorado law forced Jack Phillips—the cake baker in Masterpiece Cakeshop v. Colorado Civil Rights Commission—was forced, by the state, to go through a reeducation program after refusing to make custom cakes for same-sex weddings citing a religious objection.
The Rich Zeoli Show- Full Episode (12/05/22): 3:05pm- On behalf of Elon Musk and Twitter, investigative journalist Matt Taibbi released a series of tweets documenting Twitter's efforts to suppress the Hunter Biden laptop story prior to the 2022 Presidential election at the behest of the Biden campaign team. Taibbi wrote, “[b]y 2020, requests from connected actors to delete tweets were routine. One executive would write to another: ‘More to review from the Biden team.' The reply would come back: ‘Handled.'” The Wall Street Journal's editorial board noted the release as “confirmation of the central role that former spies played in October 2020 in framing the Hunter Biden story in a way that made it easier for Twitter and Facebook to justify their censorship.” 3:35pm- While speaking about his decision to acquire Twitter and publicizing the platform's decision to censor information at the behest of elected officials and political candidates in the past, Elon Musk said, “sunshine is a great disinfectant” for “content take downs” requests and fulfillments. 3:50pm- While appearing on Fox News with Tucker Carlson, actor James Woods revealed that he plans to sue the Democratic National Committee for allegedly ordering Twitter to remove Woods' messages from the social media platform. 4:05pm- On ABC's “This Week,” George Stephanopoulos asked House Democrat Leader Hakeem Jeffries about allegations he is an election denier. Following the 2016 Presidential election, Jeffries frequently referred to Donald Trump as an illegitimate president. 4:15pm- While appearing on Fox News with Sean Hannity, Jim Jordan accused the Federal Bureau of Investigation (FBI) of engaging in political bias when deciding to investigate Donald Trump and vowed to hold them accountable. 4:20pm- According to The Gateway Pundit, Elon Musk has alleged that FTX CEO Sam Bankman-Fried donated more than $1 billion to Democrat candidates. SBF has been accused of taking customer investments and illegally funneling them to another entity he controlled, Alameda Research. 4:35pm- On Monday, the U.S. Supreme Court heard oral arguments in 303 Creative v. Elenis. The question being asked before the court is whether Lorie Smith, a wedding website designer, is legally permitted to decline creating custom webpages for same-sex weddings—is her religious objection protected by the First Amendment? During oral argument, Justice Neil Gorsuch noted that Colorado law forced Jack Phillips—the cake baker in Masterpiece Cakeshop v. Colorado Civil Rights Commission—was forced, by the state, to go through a reeducation program after refusing to make custom cakes for same-sex weddings citing a religious objection. 5:05pm- Susan Crabtree—RealClearPolitcs' White House & National Political Correspondent—joins The Rich Zeoli Show to discuss her recent article, “Enes Kanter Freedom's World Cup Call to Action.” Crabtree writes, “[t]he 6-foot-10 big man says it's a pivotal time for human rights worldwide and called on all athletes to use their outsized influence to voice support for dissidents bravely standing up to repressive regimes. U.S. and other athletes, he said, also shouldn't remain silent about widespread reports that thousands of migrant workers died in recent years working in Qatar on World Cup projects and stadiums.” Crabtree and Rich also discuss the latest regarding Elon Musk's claims of politically influenced censorship on Twitter. 5:25pm- On TikTok, a high school English teacher bizarrely suggested that grammar and writing rules are racist and oppressive. 5:30pm- While speaking with tech-journalist Kara Swisher, former Head of Trust & Safety at Twitter Yoel Roth defended the social media company's decision to ban the satirical account Babylon Bee for misgendering Dr. Rachel Levin in a joke. 5:40pm- Senator Rand Paul (R-KY) said that if the FBI is asking social media companies to suppress certain, inherently political stories, “we have a real problem.” 6:05pm- In the aftermath of Elon Musk exposing Twitter's decision to suppress the Hunter Biden laptop story, The Wall Street Journal published a public statement issued by intelligence officials from October 19th, 2020. The statement claims that the Hunter Biden story had “all the classic earmarks” of a Russian disinformation campaign. The statement was signed by 51 former officials, including Jim Clapper, Mike Hayden, and John Brennan. We now definitively know their assessment was incorrect. Is this further proof that federal government intelligence agencies have become politicized? 6:55pm- Who Won Social Media? + Zeoli's Final Thought
This should be the biggest scandal in the world right now: Democrat mega donor FTX CEO Sam Bankman-Fried bankrolled the Democrats midterms war chest to the sum of $50 million using funds from his now-bankrupt crypto currency exchange. Innocent customers of FTX have lost billions. More callers give their take on the midterms. Now Bill Maher is gonna tell us we have to vote for DeSantis. MSNBC: Trump will spend the rest of his life trying to kill Ron DeSantis. Nothing changes: German mocks Buck's e-scooter. Court upholds the Constitution and strikes down Biden's vote-buying attempt at student loan forgiveness.Follow Clay & Buck on YouTube: https://www.youtube.com/c/clayandbuckSee omnystudio.com/listener for privacy information.
In today's episode, Andy & DJ discuss Trump unveiling a national greatness agenda in his 2024 Presidential campaign announcement speech, Republicans winning the House after four years under Democratic power, and FTX CEO Sam Bankman-Fried being extraditing from the Bahamas.
A.M. Edition for Nov. 15. The collapse of crypto exchange FTX has dealt a blow to the crypto industry's hopes of pushing favorable legislation through Congress in the near term. WSJ reporter Paul Kiernan explains how FTX CEO Sam Bankman-Fried became the face of the crypto industry in D.C. and the challenges that industry now faces, as lawmakers and regulators grow more skeptical. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today we're doing a quick news roundup and offering a call to action for pastors. We discuss the fascinating story behind FTX's cryptocurrency failure after its founder lost roughly $1 billion of customer money and look into FTX CEO Sam Bankman-Fried's shady ties to the Democratic Party and Ukraine. We give a little update on election results and explain why complete incompetence has resulted in the painfully slow results in Arizona and Nevada, compared to a state like Florida, which had a devastating hurricane pre-election and still was able to count votes efficiently. We also talk about the ever-growing need for pastors to step up and talk about the Genesis 1 issues of gender, abortion, family, and sexuality. These issues are not primarily political issues, but rather foundational worldview issues that are essential to our understanding of humanity, so pastors need to view these as essential in teaching as well. --- Timecodes: [00:43] Intro [01:35] Pastors and Genesis 1 issues [20:04] FTX & Democrat schemes [27:52] Election results --- Today's Sponsors: My Patriot Supply — prepare yourself for anything with long-term emergency food storage. Save $250 off a Three-Month Emergency Food Kit when you go to mypatriotsupply.com. Good Ranchers — change the way you shop for meat today by visiting GoodRanchers.com/ALLIE and use promo code 'ALLIE' to get two Black Angus NY Strip Steaks FREE all throughout the month of November! Carly Jean Los Angeles — use promo code 'ALLIEB' to save 20% off your first order at CarlyJeanLosAngeles.com! A'Del — go to adelnaturalcosmetics.com and enter promo code "ALLIE" for 25% off your first order! --- Links: The Post Millennial: "Ukraine invested in top Dem donor's crypto company FTX as Biden admin funded war effort: report" https://thepostmillennial.com/ukraine-invested-in-top-dem-donors-crypto-company-ftx-as-biden-admin-funded-war-effort-report Time: "The Secret History of the Shadow Campaign That Saved the 2020 Election" https://time.com/5936036/secret-2020-election-campaign/ --- Buy Allie's book, You're Not Enough (& That's Okay): Escaping the Toxic Culture of Self-Love: https://alliebethstuckey.com/book Relatable merchandise – use promo code 'ALLIE10' for a discount: https://shop.blazemedia.com/collections/allie-stuckey Learn more about your ad choices. Visit megaphone.fm/adchoices
This should be the biggest scandal in the world right now: Democrat mega donor FTX CEO Sam Bankman-Fried bankrolled the Democrats midterms war chest to the sum of $50 million using funds from his now-bankrupt crypto currency exchange. Innocent customers of FTX have lost billions. More callers give their take on the midterms. Now Bill Maher is gonna tell us we have to vote for DeSantis. MSNBC: Trump will spend the rest of his life trying to kill Ron DeSantis. Nothing changes: German mocks Buck's e-scooter. Court upholds the Constitution and strikes down Biden's vote-buying attempt at student loan forgiveness.Follow Clay & Buck on YouTube: https://www.youtube.com/c/clayandbuckSee omnystudio.com/listener for privacy information.
Mark and Gary connect on a Sunday morning to discuss Elon Musk instinctual avoidance of now disgraced FTX CEO Sam Bankman-Fried and the new wrinkle in the Girardi | Keese saga. Watch Beyond A Reasonable Doubt on YouTube at YouTube.com/ReasonableDoubtPodcast and subscribe while you're there.