City Manhattan Financial News

Ryan Salame, a former executive of now-defunct cryptocurrency exchange FTX, has declined to testify about his involvement in an alleged illegal campaign donation scheme. 

Marc Becker, a 27-year veteran of Apollo Global Management Inc. and co-head of impact investing at the private equity firm, died Monday. He was 51.

FTX cryptocurrency exchange to make more than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday. An amended indictment accused the 31-year-old former billionaire of directing two FTX executives to evade contribution limits by donating to Democrats and Republicans, and to conceal where the money came from.

Prosecutors say they'll use testimony from FTX founder Sam Bankman-Fried's “trusted inner circle” of former executives at his collapsed cryptocurrency empire against him at an October trial

By Luc Cohen

FTX co-founder Sam Bankman-Fried is in custody after a federal judge said that the embattled crypto mogul likely tried to tamper with two witnesses while on bail. 

National Dominican Day Parade, a prominent showcase of Latino pride, will illuminate the streets of Midtown Manhattan on Sixth Avenue. This annual event promises to immerse the city in the captivating colors and rhythms of the Dominican Republic. In an unprecedented turn of events, this year marks a historic occasion as the President of the Dominican Republic graces the parade as the Grand Marshal. This notable presence adds a special touch to the 41-year legacy of the celebration.’

By Blake Brittain

cryptocurrency exchange tampered with witnesses at least twice. USA District Judge Lewis Kaplan announced the decision at a hearing in federal court in Manhattan, less than two months before the scheduled October fraud trial. He rejected a defense request to delay Bankman-Fried's detention pending appeal of the bail revocation. The decision could complicate Bankman-Fried's efforts to prepare for trial, where the 31-year-old former billionaire faces charges of having stolen billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund. Bankman-Fried has pleaded not guilty.

By Luc Cohen

real estate empire. The Amazon.com Inc. founder, and the world’s third-richest person, agreed to pay $68 million for an estate in Indian Creek, a man-made barrier island in the larger Miami area, according to a person with knowledge of the matter.

A federal judge has rejected a case brought forth by shareholders against JPMorgan Chase CEO Jamie Dimon and the bank’s board. They alleged negligence regarding warning signs associated with the bank’s infamous former client, Jeffrey Epstein.

NEW YORK (Reuters) -The U.S. Securities and Exchange Commission plans to appeal from a court ruling last month that the sale of the XRP digital token on public exchanges complied with federal securities laws, in a case involving the cryptocurrency company Ripple Labs.

Once a successful American startup, WeWork is now struggling to keep the business going. The New York-based company is bleeding cash, and customers of its office rentals are canceling their memberships in droves, the company has claimed. The business of the co-working space firm is gradually crashing due to which the stock fell about 24% in extended trading on Tuesday.

NEW YORK (Reuters) -A U.S. judge on Monday dismissed Donald Trump's defamation counterclaim against the writer E. Jean Carroll, who won a $5 million jury verdict for defamation and sexual assault against the former president in May.

Kai Cenat turned into chaos at Manhattan's Union Square on Friday afternoon. Thousands of people gathered, hoping to snag prizes promised by the streamer, but the situation quickly spiraled out of control, leaving the police struggling to regain order. Aerial TV news footage captured the tense scene, showing the tightly packed crowd surging through the streets, scaling structures in the park, and causing traffic disruptions. Shouting teenagers engaged in destructive behavior, throwing objects at vehicles, and even assaulting each other. Some individuals climbed on moving vehicles, leading to dangerous situations. By 5:30 p.m., the police managed to gain control of much of the area, but sporadic skirmishes continued. Officers faced resistance from some of the attendees who knocked over barricades, hurled bottles, and attacked law enforcement with various objects. In total, 65 people, including 30 juveniles, were arrested in connection with the incident.

By Jonathan Stempel

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

FTX founder Sam Bankman-Fried said Tuesday that prosecutors are wrong to seek his detention prior to trial because their arguments are built on «innuendo, speculation, and scant facts.» The written submission in Manhattan federal court was a response to the prosecution's claim last week that no bail conditions can stop the onetime cryptocurrency power broker from trying to improperly influence the potential jury pool for his October 2 trial. Bankman-Fried, 31, has been free on a $250 million personal recognizance bond since his December extradition from the Bahamas to face charges in New York that he defrauded investors in his businesses by diverting millions of dollars from their intended purpose.

The globe-trotting billionaire Joe Lewis , longtime owner of the London soccer club Tottenham Hotspur, spent the evening of July 25, 2019, with a woman who was then his girlfriend, dining on room service at the Four Seasons hotel in Seoul. U.S. prosecutors say he also fed her confidential information about coming disclosures by a life-sciences company that she used to make stock trades that ultimately netted her hundreds of thousands of dollars.