Caroline Ellison Pleads Guilty To FTX Fraud Scheme, Posts $250K Bail
The ex-Alameda chief faces a potential 110 years in prison, adding another legal problem after the SEC also charged her and ex-FTX CTO Gary Wang. Former Alameda Research CEO Caroline Ellison and former FTX CTO Zixiao (Gary) Wang were charged today by the Securities and Exchange Commission for their roles in a multiyear scheme to […]
What Will Happen to SBF’s Political Donations?
To the relief of the crypto community and likely everyone following the rise and fall of FTX, former CEO Sam Bankman-Fried may finally face criminal and civil charges of money laundering, fraud, conspiracy, and campaign finance law violations on US soil. Meanwhile, FTX, now spearheaded by its new CEO John J. Ray III, will be […]
DWAC Falls As Jan 6th Committee Votes To Prosecute Donald Trump
The SPAC is drawing its last straw to finalize a merger deal as its Trump-owned potential candidate firm gets dragged with its principal’s January 6 problems. The so-called January 6th Committee investigating the alleged insurrection on the US Capitol has formally recommended insurrection charges against the former US President Donald Trump for his part in […]
Former Cytodyn Execs Charged With Fraud For Misrepresenting HIV, COVID Trials
A federal grand jury in the District of Maryland produced an indictment that was unsealed Tuesday, charging two men with participating in conspiracies to defraud Cytodyn Inc. (OTCQB: CYDY) investors. The defendants allegedly “deceived investors” about the timeline and status of the firm’s regulatory submissions to the US Food and Drug Administration (FDA) for the […]
Judge Approves SBF’s Extradition to US
Sam Bankman-Fried, the former FTX CEO who defrauded crypto investors of billions of dollars, will soon be on US soil, after a judge approved his extradition. SBF waived his right to an extradition proceeding during his court hearing on Wednesday morning, stating in an affidavit read out by his lawyer that he has “a desire […]
This Pain Is Only The Beginning: Inflation Will Come In Waves
Returning to The Daily Dive today is Tavi Costa, Partner & Portfolio Manager for Crescat Capital. Tavi joins us to share his read on inflation, taking us through the trends that he’s watching and analyzing these against today’s backdrop. It’s not all doom and gloom though as we end the interview with his thoughts on […]
Quebec Makes History As First Province in Canada to Cover Psilocybin-Assisted Psychotherapy
Last week, Quebec became the first governing medical body in Canada to publicly fund medical psilocybin-assisted psychotherapy, with advocates hoping that it would set a precedent for other provinces to follow suit. Psilocybin, a naturally occurring psychedelic compound found in certain species of mushrooms, is commonly known in popular culture as “magic mushrooms.” It has […]
YouTube Reportedly In Talks For $2.5-Billion NFL Sunday Ticket Rights
Alphabet’s (Nasdaq: GOOGL) YouTube is reportedly in advanced talks with the National Football League to acquire the rights to the league’s subscription platform NFL Sunday Ticket. According to the people familiar with the matter who told The New York Times, the video streaming giant is rumored to be considering about $2.5 billion a year to […]
SBF, Prosecutors Allegedly Discussing Bail Deal Upon US Extradition
Sam Bankman-Fried, the disgraced FTX founder accused of orchestrating one of the biggest ponzi schemes since Bernie Madoff, could be released on bail once he lands on US soil. SBF, who is currently detained at the Fox Hill prison in Nassau, is signing documents paving the way for a US extradition on Wednesday. Although details […]
Elon Musk “Stalker”: Police Investigates Musk’s Security As Suspect, Not Victim
The South Pasadena police department stated that an incident involving two vehicles was reported to them on Tuesday night, but that a member of Twitter chief Elon Musk’s security team is currently a suspect, not a victim, in the inquiry. In a recent Twitter thread, Musk announced that any account “doxxing real-time location info of […]