FTX CEO Samuel Bankman-Fried to face extradition to US for fraud
Samuel Bankman-Fried Monday agreed to extradition to the US to face civil and criminal charges, his lawyer told local Bahamian news outlets. Bankman is currently being held in Fox Hill Prison, Bahamas and was denied bail due to posing a flight risk. Bankman-Fried’s lawyer Jerone Roberts told Eyewitness News Bahamas that his client volunteered for [...]
FTX CEO Samuel Bankman-Fried faces US civil and criminal charges following Bahamas arrest
The Securities and Exchange Commission (SEC) Tuesday brought civil charges against Samuel Bankman-Fried, CEO and co-founder of the crypto trading platform FTX Trading Ltd. US prosecutors also unsealed criminal charges against Bankman-Fried on Tuesday following his arrest in the Bahamas. The SEC alleges that Bankman-Fried defrauded equity investors and customers of FTX by diverting assets [...]
The International Monetary Fund (IMF) published a FinTech Note on central bank digital currencies (CBDCs) this Wednesday. Analogous to a digital form of paper money, a CBDC is a digital liability of a central bank that is available to the general public. The IMF paper details the experiences of the six central banks at the [...]
A Spanish court on Wednesday acquitted three individuals charged with sinking the Bahamas-flagged oil tanker Prestige 11 years ago, finding no criminal liability. The three-judge court determined that the ship sank due to poor maintenance and repair...
Federal judge dismisses Spain claim over 2002 tanker oil spill
US District Judge Laura Swain Wednesday dismissed Spanish damage claims against the American Bureau of Shipping (ABS), a non-profit organization that inspects and certifies ships, in connection with a major 2002 oil spill. Spain had filed suit...
International brief ~ Peru judge orders 118 military officers arrested for 1988 massacre
Leading Thursday's international brief, a Peruvian judge has ordered the arrest of 118 current and retired military officers for their alleged involvement in a 1988 attack against the Andean village of Cayara , in which soldiers allegedly...
Minority shareholders of embattled Russian oil company Yukos have begun to coordinate their efforts to ensure that losses incurred after Russia's dismantling of the oil company will be recouped. Shipston Group, a Bahamas-based investment...
