fraud
New York (AFP) - Donald Trump's $175 million bond to cover a possible civil penalty for fraud is inadequate because the company underwriting it is too small and opaque, New York's attorney general said in a filing Friday. The 77-year-old real estate magnate, the presumptive Republican nominee for president, is facing unprecedented legal headwinds in New York where he is also on criminal trial for allegedly covering up hush money payments to a porn star on the eve of his 2016 election victory. Trump was ordered to pay $355 million, rising to $454 million with interest, after being found liable ...
AFP
New York (AFP) - Fallen cryptocurrency wunderkind Sam Bankman-Fried has appealed his federal conviction and 25-year jail sentence in a sweeping fraud case, according to a legal filing made public Thursday. News of the appeal comes two weeks after US District Court Judge Lewis Kaplan set the prison term and ordered Bankman-Fried, known as "SBF," to pay $11 billion in forfeiture. Bankman-Fried had soared to the top of the crypto world, becoming a billionaire before age 30 and turning FTX, a small start-up he cofounded in 2019, into the world's second largest exchange platform. But in November 20...
AFP
New York (AFP) - Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday -- a stunning descent for a figure who seemed poised to lead an emerging sector less than two years ago. US District Judge Lewis Kaplan said the defendant, who became known by his initials "SBF," had shown no "real remorse," even in his final pre-sentencing remarks in which the former billionaire rued "a series of bad decisions" but did not acknowledge knowingly violating financial laws. Bankman-Fried said "mistakes were made, but never a word of remorse for the commission of a...
AFP
New York (AFP) - Disgraced cryptocurrency wunderkind Sam Bankman-Fried is set to be sentenced Thursday following his conviction in one of the biggest financial fraud cases in history. US prosecutors are seeking a prison term of 40-50 years after a New York jury found Bankman-Fried, known by his initials SBF, guilty in November following a five-week trial that probed the one-time high roller's spectacular fall. Calling Bankman-Fried's seven-count conviction reflective of the defendant's "unmatched greed and hubris," the government's sentencing request argues for significant jail time in light o...
AFP
New York (AFP) - Donald Trump is up against a fast-approaching deadline to secure a half-billion dollar bond as he appeals his financial fraud case, facing possible bankruptcy or the seizure of his assets if he fails. The former president, who has clinched the Republican nomination for this year's presidential election, is appealing his $355 million penalty, plus interest, after a New York court ruled that he, his sons and his Trump Organization company lied for years about the value of his assets, deceiving banks and insurers. But he must put up a guarantee he'll pay the fine if his legal fi...
AFP
New York (AFP) - Donald Trump faced having assets seized in a humiliating blow to his carefully cultivated image as a self-made tycoon as his lawyers acknowledged Monday he doesn't have the cash to appeal a $464 million fine for fraudulently inflating his wealth. Trump -- the Republican candidate for November's US presidential election -- intends to challenge the judgment imposed by a New York civil court in February, which would force an automatic stay of enforcement. But first he must put the money into an account managed by the appeals court or post a bond in the full amount, and 30 insuran...
AFP
New York (AFP) - Donald Trump faced having assets seized in a humiliating blow to his carefully cultivated image as a self-made tycoon as his lawyers acknowledged Monday he doesn't have the cash to appeal a $464 million fine for fraudulently inflating his wealth. Trump -- the Republican candidate for November's US presidential election -- intends to challenge the judgment imposed by a New York civil court in February, which would force an automatic stay of enforcement. But first he must put the money into an account managed by the appeals court or post a bond in the full amount, and 30 insuran...
AFP
New York (AFP) - A judge rejected Wednesday former US president Donald Trump's offer of a $100 million bond to partially cover the $355 million penalty a New York court handed him for fraud. Trump, who built a public profile as a property developer and businessman in New York before entering politics, could have to sell or mortgage properties to post collateral to cover the shattering penalty if his ongoing appeal fails. Trump was required to organize a bond as he challenges the February 16 court ruling that found he manipulated the values of his properties to secure more favorable rates for l...
AFP
New York (AFP) - A New York judge ordered Donald Trump to pay $355 million over fraud allegations and banned him from running companies in the state for three years Friday in a major blow to his business empire and financial standing. Trump -- almost certain to be the Republican presidential nominee this November -- was found liable for unlawfully inflating his wealth and manipulating the value of properties to obtain favorable bank loans or insurance terms. Trump accused President Joe Biden of driving the case, calling it "weaponization against a political opponent who's up a lot in the polls...
AFP
New York (AFP) - A New York judge ordered Donald Trump to pay $355 million over fraud allegations and banned him from running companies in the state for three years Friday in a major blow to his business empire and financial standing. Trump -- almost certain to be the Republican presidential nominee this November -- was found liable for unlawfully inflating his wealth and manipulating the value of properties to obtain favorable bank loans or insurance terms. Trump defense lawyer Alina Habba called the ruling a "manifest injustice" and vowed to appeal. As the case was civil, not criminal, there...
AFP
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら