City New York Financial News

By Bansari Mayur Kamdar and Johann M Cherian

The former chief executive of crypto lending platform Celsius Network, Alex Mashinsky is back on track to face a civil fraud lawsuit after a Supreme Court judge denied his motion to dismiss the case.

Insomniac Games aims to build on the success of its Spider-Man series with a direct sequel to its acclaimed titles. Following the events of previous games, Spider-Man 2 for PS5 continues the adventures of Peter Parker and Miles Morales as they unite to face a fresh wave of challenges.

Jailer,' starring Rajinikanth, is all set for a grand release on August 10th, with expectations of a strong debut at the box office across India. Rajinikanth is making a triumphant return to the big screen, after a hiatus of nearly 2 years. And for those fervent Rajinikanth fanbase, there is good news.

Digital Currency Group (DCG) is now under scrutiny for its financial transactions involving its subsidiary, Genesis Global Capital. The investigation is reportedly being conducted by New York Attorney General Letitia James, Bloomberg reported, citing sources familiar with the matter.

By Joseph Ax and Kanishka Singh

Alex Mashinsky, the founder and former chief of the now-bankrupt cryptocurrency lender Celsius Network, must face a lawsuit by New York Attorney General Letitia James accusing him of civil fraud, a Manhattan state court judge ruled on Friday. Justice Margaret Chan said the attorney general sufficiently alleged that Mashinsky defrauded investors by touting Celsius as a safe alternative to banks and concealing its risks, including hundreds of millions of dollars of investment losses. Chan also said James could pursue some claims under the Martin Act, a powerful state securities law, and that the «earned interest accounts» that Celsius offered customers qualified as securities under state law.

Mark Margolis, who played the sinister, wheelchair-bound cartel don Hector Salamanca in acclaimed TV shows "Breaking Bad" and "Better Call Saul," has died aged 83, his family said Friday. Margolis died Thursday at a New York hospital following a short illness, with his wife and son at his bedside, according to a statement.

Mark Margolis, the veteran actor known for his captivating portrayal of the wheelchair-bound cartel patriarch Hector Salamanca in the hit TV shows "Breaking Bad" and "Better Call Saul," has died at the age of 83. His family confirmed the news on Friday, stating that Margolis passed away on Thursday at a New York hospital after a brief illness. He was surrounded by his wife and son during his final moments. Born in Philadelphia in 1939, Margolis followed his passion for acting to New York City, where he built a successful career as a character actor. Alongside his iconic role in «Breaking Bad» and its acclaimed spin-off «Better Call Saul,» Margolis graced the silver screen with supporting roles in acclaimed films like «Scarface,» «Ace Ventura: Pet Detective,» and «Black Swan.» Additionally, his talent shone in the HBO series «Oz.» In recognition of his exceptional performance in «Breaking Bad,» Mark Margolis received an Emmy nomination in 2012, further solidifying his status as one of the industry's esteemed actors. Beyond his professional achievements, Margolis leaves behind a legacy of love and family. He was married to Jacqueline for an incredible 61 years and is survived by their only child, Morgan, as well as three cherished grandsons.

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.

A freight train has derailed in upstate New York, disrupting Amtrak service and prompting authorities to close roads in the area

Copper Beech Farm, with 50 acres of waterfront property in the tony New York suburb of Greenwich, has sold for just under $139 million

By Herbert Lash

Donald Trump appeared before the court and pleaded not guilty to criminal charges related to his alleged involvement in attempting to overturn his 2020 election defeat. The arraignment took place in a federal court, where he was released on his own cognizance, as this marked his third arrest within the last four months, with cases filed against him in New York City and Florida.Indian-American Judge Moxila Upadhyaya Oversees the Arraignment The arraignment was presided over by Magistrate Moxila A. Upadhyaya, an Indian-American judge born in Gujarat.

Ilya Lichtenstein, 35, and Heather Morgan, 33, were arrested in February last year after the US government seized 95,000 bitcoin then valued at $3.6 billion. Prosecutors said the pair stole the bitcoin in 2016 using «advanced hacking tools.» Authorities recovered the funds from wallets controlled by the duo. Since their arrests, the government has seized another approximately $475 million tied to the hack, the Southern District of New York said in a statement.

Bank of America has made two high-profile changes in its investment bank, building on a successful strategy of elevating Australian bankers into broader regional roles this year.

The New York Times has submitted a filing in the criminal case against former FTX CEO Sam Bankman-Fried (SBF), arguing the court should defend First Amendment rights by allowing certain parties to provide information to members of the media.

2023 may not be a bumper year for banks, but that doesn’t mean that banks aren’t on the look out for good risk managers to keep them out of (general) trouble.

If you still don’t have your office groove back, there might be a scientific explanation. Hybrid work arrangements mess with our brains. Frustrated bosses who survey their half-empty officescapes say it makes no sense that somebody who worked full time in an office before 2020 can’t show up like they used to.

Liontown Resources will start shipping unprocessed lithium ore to bring cash in sooner as it sticks to its timeline and $895 million budget for finishing the Kathleen Valley mine in West Australia.

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.”