Legal & Regulatory
'Remorseless' FTX Founder Sam Bankman-Fried Sentenced to 25 Years for $8 Billion Fraud
FTX founder Sam Bankman-Fried was sentenced to 25 years for a $8 billion fraud scheme. The judge criticized his defense, and victims testified on the impact. Bankman-Fried plans to appeal.
Thames Water's Debt Crisis To Be Passed On To Customers With 40% Bill Hike
Thames Water, a major UK water company, grapples with £15 billion ($19.5 billion) debt. As expected £500 million ($650 million) funding falls through, and bill hikes up to 40% will be implemented instead.
Russia Suspiciously Received $20 Billion Crypto Transfers; US And UK Now Investigating
The US and UK are investigating cryptocurrency transactions exceeding $20 billion routed through a Russian-based virtual exchange, part of their strategy to combat sanctions evasion linked to Vladimir Putin's actions in Ukraine.
Hunter Biden Asks Court to Junk $1.4 Million Tax Evasion Case as Politically Motivated, But Judge Appears Skeptical
A federal judge seemed unconvinced on Hunter Biden's lawyers' arguments that his tax evasion case should be dismissed because it is politically motivated.




