City Manhattan Financial News
03.10 / 21:37
03.10 / 19:57
regulation
Fraud
FTX
Insurance
Trial
Sam
Costs
Sam Bankman-Fried sues insurance company for defense costs as trial opens
As the final preparations for the trial of Sam Bankman-Fried were underway in Manhattan, attorneys for the embattled former FTX CEO were filing a suit against the Continental Casualty insurance company in the United States District Court of Northern California. That company has allegedly provided Paper Bird and its subsidiary FTX Trading directors and officers (D&O) insurance. The suit was filed by Bankman-Fried as an individual.
03.10 / 18:04
Sam
Sam Bankman-Fried in the Dock: A Deep Dive into FTX's Bankruptcy and Alleged Crypto Fraud
Sam Bankman-Fried, the former CEO of FTX, is set to face trial in federal court in Manhattan, starting with jury selection today. The 31-year-old is accused of being the architect behind one of the largest financial crimes in U.S. history, following the bankruptcy of his crypto platform FTX.
03.10 / 16:07
03.10 / 11:23
03.10 / 11:23
03.10 / 02:21
UPS
Reuters
WhatsApp
reports
‘Donald Trump reaped over $100 million through fraud’: New York lawyer
Reuters reported. Testimony in the Manhattan courtroom began following opening statements, with Donald Bender, a partner at Mazars USA and longtime accountant for Trump's businesses, as the state's first witness. Speaking to media persons, Trump said that the case was a “scam", a “sham", and a “political vendetta" by James, and during a lunch break called the Democrat "a corrupt person, a terrible person.
02.10 / 09:59
02.10 / 04:29
Platform
Fighting
WhatsApp
social
2020
reports
Donald Trump to appear in civil fraud trial on Monday: Report
AFP. In a post on his Truth Social platform on Sunday, the 2024 Republican White House candidate wrote, “I'm going to Court tomorrow morning to fight for my name and reputation." He also called the New York attorney general "corrupt" and the judge in the case “unhinged." The decision to keep the schedule of the trial as it is was taken by a five-judge panel of the Appellate Division, a mid-level appeals court in Manhattan. The court also lifted a September 14 order by Justice David Friedman to put the trial on hold while it considered Trump's motion.
01.10 / 23:49
30.09 / 18:21
Provident
Cigna
testing
patient
settlement
Cigna Group announces settlement with US on claims it overcharged Medicare Advantage program
WASHINGTON (Reuters) — Health insurer Cigna (NYSE:CI) Group says it has reached a settlement with the United States over claims it overcharged the government's Medicare Advantage program by making it appear patients were more ill than they actually were.
29.09 / 11:55
28.09 / 14:53
UPS
Citi
reports
Fried
Bankman-Fried loses bid for release from jail during trial
NEW YORK (Reuters) — Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX, on Thursday lost his bid to be released from jail during his fraud trial starting next week.
27.09 / 20:59
27.09 / 11:29
Provident
Action
President
show
Financial
Trump guilty of financial, insurance fraud
In a significant ruling, Judge Arthur Engoron determined Tuesday that Donald Trump and his real estate company had deceived financial institutions, insurers and other entities by drastically inflating asset values and misrepresenting his net worth in official documents meant for deal-making and obtaining financing.
27.09 / 02:13
UPS
WhatsApp
President
2020
reports
Major setback for Trump as Judge rules ex-US President and sons committed ‘fraud’ by inflating asset values
Trump, his two eldest sons, along with other Trump Organization executives of lying to tax collectors, lenders, and insurers for years in a scheme that routinely exaggerated the value of their properties, AFP reported. Trump's lawyers had asked the judge to throw out the case ahead of the trial by granting what is known as a summary judgment in his favor.
26.09 / 21:35
UPS
President
Trump is found liable for fraud in New York civil case
NEW YORK (Reuters) -Donald Trump and his family business were found liable for fraud on Tuesday by a New York judge in state Attorney General Letitia James' civil lawsuit accusing the former U.S. president of illegally inflating his assets and net worth.
26.09 / 18:43
Wealthspire reels in $6B in assets with GM Advisory purchase
Wealthspire Advisors, a registered investment advisor owned by insurance broker and retirement consultant NFP, said Tuesday that it had made its most significant acquisition since 2019 with the purchase of GM Advisory Group Inc., an RIA that manages about $3 billion of client assets and advises on another $3.3 billion.
22.09 / 23:01
22.09 / 18:15
22.09 / 11:13
UPS
Lowe's
2020
reports
Hedge fund billionaire accused of hiding assets during divorce
Hedge fund billionaire John Paulson used a sham purchase of a luxury penthouse apartment in Puerto Rico to improperly enrich himself by $10 million at the expense of his family trust, his wife claims in a suit accusing him of hiding billions of dollars in assets during their divorce.
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