Sam Bankman-Fried, co-founder of the now-defunct cryptocurrency exchange FTX, is on trial in Manhattan for allegedly committing a "massive fraud" by stealing $10 billion from customers and investors. The prosecution's first witness, Julliard, testified to feeling "extremely anxious" when he unsuccessfully attempted to withdraw his funds. Bankman-Fried faces a potential prison term of more than a century if convicted.
Posts tagged as “5th U.S. Circuit Court of Appeal”
San Francisco Residents Gather to Honor the Late Sen. Dianne Feinstein at City Hall Memorial Service
San Francisco Residents Gather to Honor the Late Sen. Dianne Feinstein at City Hall Memorial Service
San Francisco residents gathered Wednesday to pay their respects to the late Sen. Dianne Feinstein, who passed away last week at the age of 87. Former House Speaker Nancy Pelosi (D-Calif.) was among those who paid their respects, hugging the casket of the late Sen. Feinstein. The memorial service for Sen. Feinstein is open to the public outside of San Francisco City Hall at 1 p.m. local time, allowing the public to pay their respects and remember her legacy.
The U.S. women's gymnastics team won their seventh consecutive world championship title on Wednesday night in Antwerp, Belgium, led by four-time Olympic gold medalist Simone Biles. Despite an injury to Joscelyn Roberson in warmups, the team was able to put up a dominant performance and won by a margin of 2.199 points. This marks the 26th world medal for Biles, who is the most decorated American gymnast in history, and is sure to inspire future generations of gymnasts.
On Wednesday, more than 75,000 Kaiser Permanente workers across five states and Washington, D.C. went on strike, the largest health care worker walkout in U.S. history. The workers are protesting staffing shortages that they say have reached crisis levels, and are asking for improved wages, increased staffing levels, and better job security. The strike is expected to last five days, and Kaiser Permanente has said that patient care will not be affected.
Frederick Douglass Moorefield Jr., a senior Defense Department official, and Mario D. Flythe have been arrested and charged with running a dogfighting ring in Maryland. The FBI and other agencies discovered veterinary steroids, weighted vests, collars and chains, and an apparatus used for electrocution at their homes. If convicted, they face up to five years in prison and a $250,000 fine, and the case has sparked outrage among animal rights activists.
Laphonza Butler Sworn In as 12th Black Senator in U.S. History, Third Black Woman to Serve in Senate
Laphonza Butler Sworn In as 12th Black Senator in U.S. History, Third Black Woman to Serve in Senate
Vice President Kamala Harris swore in Laphonza Butler as the newest U.S. Senator from California, making her the first Black, openly LGBTQ+ woman to serve in either chamber of Congress. Butler was appointed by Governor Gavin Newsom to finish out the late Senator Dianne Feinstein's term, and her swearing-in ceremony was met with applause. Her appointment marks a historic moment for the U.S. Senate and a testament to the progress made in the fight for equality and representation.
Hunter Biden, son of President Joe Biden, pleaded not guilty to three federal firearms charges after a plea deal imploded. The judge overseeing the case set conditions of release, including supervision, actively seeking employment, not possessing a gun, not using alcohol or drugs, and submitting to drug testing and substance abuse counseling. The outcome of the case could have implications for the 2024 election.
The U.S. Capitol Police are investigating an incident in which Democratic Rep. Jamaal Bowman pulled a fire alarm in a Capitol Hill office building. Security video reportedly shows Bowman trying to leave the building before he pulled the alarm. In response, former President Donald Trump claimed Bowman's actions were worse than the ex-president's supporters storming the Capitol, sparking a debate over the appropriateness of Bowman's actions and the implications of Trump's comments. The Capitol Police investigation is ongoing.