Crypto mogul Do Kwon pleads not guilty in first US court appearance

NEW YORK — South Korean cryptocurrency mogul Do Hyeong Kwon pleaded not guilty Thursday to a freshly unsealed indictment released in time for his first U.S. court appearance. Kwon entered the plea in Manhattan federal court two days after his extradition from Montenegro. The indictment alleges that the man dubbed by some as “the cryptocurrency […]

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Crypto mogul Do Kwon pleads not guilty in first US court appearance

NEW YORK — South Korean cryptocurrency mogul Do Hyeong Kwon pleaded not guilty Thursday to a freshly unsealed indictment released in time for his first U.S. court appearance. Kwon entered the plea in Manhattan federal court two days after his extradition from Montenegro. The indictment alleges that the man dubbed by some as “the cryptocurrency […]

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Jay-Z’s lawyers challenge rapper’s inclusion in rape lawsuit after accuser’s TV interview

NEW YORK — NEW YORK (AP) — Jay-Z’s lawyers asked a judge Wednesday to speedily extract the rapper from a lawsuit in which a woman alleges she was sexually assaulted by Jay-Z and Sean ‘Diddy’ Combs when she was 13. The unidentified woman recently added Jay-Z, whose legal name is Shawn Carter, to her lawsuit […]

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Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges

NEW YORK — The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business. Alexander Mashinsky, 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. […]

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Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges

NEW YORK — The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business. Alexander Mashinsky, 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. […]

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Sean ‘Diddy’ Combs denied bail a third time as he awaits sex trafficking trial

NEW YORK — Sean “Diddy” Combs was denied bail on Wednesday as he awaits a May sex trafficking trial by a judge who cited evidence showing him to be a serious risk of witness tampering and proof that he has violated regulations in jail. U.S. District Judge Arun Subramanian made the decision in a written […]

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Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud

NEW YORK — The founder of Archegos Capital Management, a hedge fund, was sentenced to 18 years in prison on Wednesday for securities and market manipulation fraud in a scheme that prosecutors said cost global investment banks billions of dollars. Bill Hwang was told the length of the prison term in Manhattan federal court after […]

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FTX co-founder gets no prison time after cooperating in case against Sam Bankman-Fried

NEW YORK — An apologetic FTX co-founder was sentenced Wednesday to no time in prison after a prosecutor and a federal judge praised his cooperation against Sam Bankman-Fried and his efforts to recover money for victims of the cryptocurrency fraud. Gary Wang testified for parts of three day s at Bankman-Fried’s trial last year, explaining […]

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Prosecutors ordered not to use papers taken from Sean ‘Diddy’ Combs’ jail cell for now

NEW YORK — A federal judge ordered prosecutors Tuesday not to use papers taken from the jail cell of Sean “Diddy” Combs until he rules on defense claims that they are trial preparation materials protected by attorney-client privilege. Judge Arun Subramanian made his ruling at a Manhattan federal court hearing after lawyers fiercely disputed the […]

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Founder of artificial intelligence company used by schools in Los Angeles, NYC, Atlanta is arrested

NEW YORK — The founder of an artificial intelligence company that supplied school districts in Los Angeles, New York and Atlanta with a chatbot to create learning plans for students was arrested on fraud charges Tuesday, accused of spending investor money on herself as her company spiraled into bankruptcy. Joanna Smith-Griffin, 33, of Raleigh, North […]

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