City Manhattan Financial News

A $290 million settlement between JPMorgan Chase & Co. and victims of Jeffrey Epstein was approved by a federal judge, who rejected a last-minute challenge from a group of state attorneys general that could have delayed the payout to almost 200 victims. 

The former compliance chief of OneCoin — a 2015 crypto scheme that defrauded investors out of $4 billion — has pleaded guilty to wire fraud and money laundering charges in Manhattan federal court.

By Luc Cohen

Costume Institute's 2024 exhibition and gala, the fashion world's party of the year — 'Sleeping Beauties: Reawakening Fashion.' Every year, the Met Gala draws a who's who of A-listers from the worlds of fashion, film, politics and sports — a list tightly curated by Vogue editor-in-chief Anna Wintour. Next year, the party will take place in Manhattan on May 6 to celebrate the opening of the exhibition, which the public can view from May 10 through September 2. Both are cosponsored by popular video sharing app TikTok. The sweeping and immersive exhibition will feature about 250 garments and accessories spanning four centuries, from the Costume Institute's vast archives of 33,000 pieces — from a 17th century embroidered jacket to an Alexander McQueen gown from spring-summer 2001 made of shells. «Using the natural world as a uniting visual metaphor for the transience of fashion, the show will explore cyclical themes of rebirth and renewal, breathing new life into these storied objects,» the Met said. Costume Institute curator Andrew Bolton explained that when items enter the museum's collection, «it can't be worn, obviously.

NEW YORK (Reuters) -The judge overseeing the New York civil fraud case against former U.S. President Donald Trump on Friday issued a gag order barring all lawyers from making public statements about the judge's communications with his staff.

Remote workers flooded Book Club Bar, a popular bar/café/bookstore in Manhattan’s East Village, when pandemic restrictions were lifted in June 2021.

NEW YORK — FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit rock bottom Thursday when a New York jury convicted him of fraud for stealing at least US$10 billion from customer and investors.

The number is the amount you need to earn before you turn 40 so you never have to work again. This man, who was about my age, was close to his number. The economist in me, who finds markets fascinating but was then a poor graduate student, saw this as a warning sign: If an industry is paying high salaries to people who aren’t great at what they do, then something is wrong.

FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit a new bottom Thursday when a New York jury convicted him of fraud in a scheme that cheated customers and investors of at least $10 billion.After the monthlong trial, jurors rejected Bankman-Fried’s claim during four days on the witness stand in Manhattan federal court that he never committed fraud or meant to cheat customers before FTX, once the world’s second-largest crypto exchange, collapsed into bankruptcy a year ago.“His crimes caught up to him. His crimes have been exposed,” Assistant U.S.

For dot-coms, the moment was 1999. For artificial intelligence, it was just over nine months ago. For cryptocurrency, it was 2017.

By Luc Cohen and Jody Godoy

The government presented its rebuttal against Sam Bankman-Fried on Nov. 2 in response to statements made by his defense during the closing arguments a day earlier.

In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the “pyramid of deceit” that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges

Sam "SBF" Bankman-Fried’s trial has entered the final stages, with the prosecution delivering its closing arguments in the case on Nov. 1.

By Luc Cohen and Jody Godoy

FTX founder Sam Bankman-Fried has undergone a final barrage of questions from a prosecutor aimed at showing that he's not being honest about how $8 billion of his customers' funds disappeared, setting the stage for final arguments

FTX founder Sam Bankman-Fried underwent a final barrage of questions on Tuesday from a prosecutor aimed at showing that he’s not being honest about how much he knew about the disappearance of $8 billion from his customers’ accounts, setting the stage for final arguments in his fraud trial on Wednesday.

Robert De Niro and his former employee, Graham Chase Robinson, have finally begun trial proceedings in federal court in Manhattan this week on a four-year legal dispute. The case has brought to light allegations of gender discrimination and improper spending by both parties.

FTX founder Sam Bankman-Fried completed his grueling three-day testimony in Manhattan federal court on Tuesday.

FTX founder Sam Bankman-Fried finished out his second day of testimony in his landmark fraud case this afternoon in Manhattan federal court.

Sam Bankman-Fried (SBF) continued his testimony while fielding grilling questions from the prosecution in Manhattan federal court on Monday morning.