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The Unknown Hedge Fund That Got $400 Million From Sam Bankman-Fried

Not long before FTX collapsed in November, its founder, Sam Bankman-Fried, sent $400 million to an obscure cryptocurrency trading firm called Modulo Capital.The fledgling firm, which was founded in March […]




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JPMorgan Paid $175 Million for a Business It Now Says Was a Scam

There, she was on financial aid, and she found the forms confusing. So did her parents, according to an interview she gave to Diversity Woman magazine — including her father, […]




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Sam Bankman-Fried Responds to Fraud Charges: ‘I Didn’t Steal Funds’

Sam Bankman-Fried, the disgraced cryptocurrency executive, on Thursday made his first detailed response to the criminal charges filed against him last month, arguing that the millions of customers of his […]




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With Many Retailers Offering Online Sales, Phony Sites Blend In

Stacie Odeneal, a 43-year-old child-welfare lawyer in Lawrenceburg, Tenn., and mother of three, does most of her shopping on Instagram and Facebook because she finds it convenient. Late on the […]




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Caroline Ellison Says She Is ‘Truly Sorry’ for Her Role in FTX Collapse

A former top executive at a trading firm closely tied to FTX said she was “truly sorry” for defrauding customers, investors and lenders in pleading guilty to criminal charges stemming […]




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FTX Founder Sam Bankman-Fried Released on $250 Million Bond

Sam Bankman-Fried, the disgraced former cryptocurrency executive, was granted release from federal custody in a Manhattan court on Thursday under highly restrictive bail conditions, including a $250 million bond secured […]




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Caroline Ellison and FTX Co-Founder Gary Wang Plead Guilty to Fraud

Two former top executives of Sam Bankman-Fried’s crypto trading empire have pleaded guilty to federal criminal fraud charges and are cooperating in the prosecution of the disgraced crypto entrepreneur, the […]




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Sam Bankman-Fried and FTX Engaged in Fraud for Years, Prosecutors Say

In the early 2000s, Mr. Ray oversaw the unwinding of Enron, the energy trading firm that collapsed in an accounting scandal. At the hearing, he called the perpetrators of Enron’s […]




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Fraud Trial of Wirecard’s Ex-CEO, Markus Braun, Begins

The fraud trial of the former head of Wirecard, the German electronic payments company that went from being the darling of Europe’s start-up scene to a spectacular fall that led […]




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Sunny Balwani, No. 2 Theranos Executive, Is Sentenced for Fraud

Ramesh Balwani, the former chief operating officer of the failed blood testing start-up Theranos, was sentenced on Wednesday to nearly 13 years in prison for defrauding investors and patients about […]