legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts
Diocese of Rockville Centre's $200M settlement rejected by 86% of childhood clergy sexual abuse survivors
newsday.com/long-island/clergy-sexual-abuse-survivors-settlement-diocese-of-rockville-centre-k9mikn5g
Dolton administrator charged with bankruptcy fraud, denied working for village, feds allege
chicagotribune.com/2024/04/16/dolton-administrator-charged-with-bankruptcy-fraud-denied-working-for-village-feds-allege/
Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX ...
reut.rs/3Vj7T6S
Quick Glance: Prosecutors Call for 40 to 50 Years in Prison for Sam Bankman-Fried
- Federal prosecutors are recommending a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried for orchestrating one of the largest financial frauds in history.
- Convicted on fraud and conspiracy charges, Bankman-Fried stole at least $10 billion to fund his lavish lifestyle, make risky investments, and dispense charitable donations, defrauding investors and customers in the process.
- Prosecutors accuse Bankman-Fried of unmatched greed and hubris, disregarding ethical boundaries and causing financial devastation to many individuals through his relentless pursuit of wealth and power.
- Despite defense requests for leniency and a probation officer's recommendation of 100 years in prison, prosecutors insist that Bankman-Fried should face a significant sentence for his role in perpetrating one of the largest financial frauds in recent history.
Katie Price says 'nobody can take her house' after being declared bankrupt again: Former glamour model Katie Price, 45, was declared bankrupt for a second time ...
mirror.co.uk/3am/celebrity-news/katie-price-says-nobody-can-32440866
Bankruptcy is one way out of Trump’s financial jam. He doesn’t want to take it.: People close to the former president say he is not currently considering ...
washingtonpost.com/politics/2024/03/20/trump-bond-bankruptcy/
Bankman-Fried appeals FTX fraud conviction, 25-year sentence: Sam Bankman-Fried, facing the prospect of spending much of his adult life behind bars ...
reut.rs/4cVrIYw
Ex-Man United star speaks out for first time since being declared bankrupt: Former Manchester United star Wes Brown has broken his silence after being declared ...
independent.co.uk/tv/sport/man-united-wes-brown-bankrupt-b2526473.html
‘Soul murder’: Clergy abuse survivors testify about torment Baltimore archdiocese bankruptcy case
baltimoresun.com/2024/04/08/archdiocese-bankruptcy-survivor-testimony/
Donald Trump's ex-lawyer Rudy Giuliani cannot use his personal bankruptcy to get out of paying a $148 million defamation verdict awarded to two Georgia ... Show more
Jorge Paulo Lemann Says Trying to Save Americanas After $5 Billion Fraud: Jorge Paulo Lemann, the billionaire Brazilian dealmaker, said that together with his ...
bloomberg.com/news/articles/2024-04-06/jorge-paulo-lemann-says-trying-to-save-americanas-after-5-billion-fraud
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Workers Lost Millions to California's Worst Known Wage Thief. And He's Still in Business | KQED
kqed.org/news/11979626/workers-lost-millions-to-californias-worst-known-wage-thief-and-hes-still-in-business
Sam Bankman-Fried's Likely to Get Out of Jail Early: Legal pathways may reduce Bankman-Fried's 25-year sentence that could see him free by 2036 ...
newsweek.com/sam-bankman-fried-jail-early-sentence-reduction-legal-nuances-ftx-collapse-1884787
Quick Glance: Sam Bankman-Fried's Verdict: 25-Year Prison Term - BBC News
- Sam Bankman-Fried received a 25-year prison sentence. Key details from the court hearing in New York were summarized, focusing on his defense lawyer's arguments and the judge's ruling.
- The judge criticized SBF's lack of remorse, noting that he had never expressed a word of regret for committing terrible crimes. Customers who lost money in the collapse reported experiencing nightmares.
- SBF admitted to making a series of poor decisions but claimed that customers could be reimbursed. The judge pointed out that the assertion that customers would be fully repaid through the bankruptcy process was misleading.
- The court hearing also included testimonies from customers who lost significant amounts of money, insights into SBF's background, and the reasons behind the collapse of his company FTX.
Iowa lawmakers advance bill to help Boy Scout abuse victims: Lawmakers face deadline so survivors may get a better settlement
thegazette.com/state-government/iowa-lawmakers-advance-bill-to-help-boy-scout-abuse-victims/
Paid articlePaid Ex-paralegal gets 2 years in prison for embezzling law firm funds: A former paralegal at Saul Ewing on Tuesday was sentenced to two years in prison for ...
reuters.com/legal/legalindustry/ex-paralegal-gets-2-years-prison-embezzling-law-firm-funds-2024-04-02/
Sacramento Catholic Diocese files for bankruptcy reorganization in wake of abuse lawsuits
sacbee.com/news/local/article287273205.html
SBF sentencing: Judge to consider FTX funds, neurodivergence claim: As Sam Bankman-Fried's sentencing date approaches, the judge is being asked to consider ...
businessinsider.com/sbf-sentencing-ftx-customers-get-money-back-should-it-matter-2024-3
Paid articlePaidQuick Glance: The Rise and Fall of Sam Bankman-Fried: Unrepentant Ex-Mogul Faces Lengthy Prison Term
- Sam Bankman-Fried, founder of FTX cryptocurrency exchange, was found guilty of wire fraud and money laundering conspiracy.
- Prosecutors urged a 40 to 50-year sentence to emphasize the severity of harm to victims and deter financial misconduct.
- Victims shared impact statements detailing loss of savings and financial distress caused by Bankman-Fried's actions.
- Once a prominent figure in the crypto world, Bankman-Fried faced accusations of embezzling funds and engaging in fraudulent activities.
Aliso Viejo bomber serving life for killing ex-girlfriend gets 3 years in separate fraud case
ocregister.com/2024/03/29/aliso-viejo-bomber-serving-life-for-killing-ex-girlfriend-gets-3-years-in-separate-fraud-case/
FBI is investigating Eastside real estate firm iCap, lawyers say: The investigation follows allegations last month that the company operated a Ponzi scheme.
seattletimes.com/business/real-estate/fbi-is-investigating-eastside-real-estate-firm-icap-lawyers-say/
Trump owes $454 million for fraud, but can he actually pay it?: Despite the real-estate mogul's $2.6 billion estimated net worth, his lawyers say that it's been ...
iol.co.za/news/world/trump-owes-454-million-for-fraud-but-can-he-actually-pay-it-3ec7a682-1dd1-4de7-b664-22d5378d947e
Quick Glance: Trump Faces State Asset Seizure Deadline
- Donald Trump has until Monday, March 25, to arrange a $464 million bond to prevent the state of New York from seizing some of his assets.
- Trump reportedly lacks the necessary cash to meet the bond requirement, as per his lawyers.
- The demand for payment stems from a three-year investigation by New York Attorney General Letitia James into financial fraud allegations against Trump for inflating asset values.
- Failure to post the bond by the deadline could result in the state seizing assets like a golf course and private estate, leading to potential legal repercussions.
Giuliani appeals $148M defamation verdict in Georgia election workers’ lawsuit: Rudy Giuliani appealed a jury’s verdict ordering him to pay $148 million to two ...
thehill.com/regulation/court-battles/4480208-giuliani-appeals-148m-defamation-verdict-georgia/
Barry Silbert Is the Crypto World’s New Villain: Billionaire Barry Silbert is accused of defrauding thousands of people. Should he get to keep their money ...
nymag.com/intelligencer/article/barry-silbert-is-the-crypto-worlds-new-villain.html
The Crypto Reboot That Wasn’t: Why ‘FTX 2.0’ Floundered: Creditors say FTX’s post-chapter 11 management team missed an opportunity to create a valuable business ...
wsj.com/finance/currencies/the-crypto-reboot-that-wasnt-why-ftx-2-0-floundered-5e729c4c
Pickleball business owner claims to owe $47M. What happened to investors' money?: Rodney Grubbs' sons among hundreds of creditors in forced bankruptcy case.
indystar.com/story/news/investigations/2024/03/27/pickleball-rodney-grubbs-claims-owe-47-million-where-did-investors-money-go/73020466007/
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Selloffs, seized assets and bankruptcy: Trump options narrow as bond deadline approaches
nbcnews.com/politics/donald-trump/selloffs-seized-assets-bankruptcy-trump-options-narrow-bond-deadline-a-rcna144090
Quick Glance: Trump Struggles with Bail and Frustration Grows
- Donald Trump and some members of his inner circle are frustrated by the prospect of him failing to post the $464 million civil fraud penalty by Monday's deadline.
- Trump is urgently seeking campaign funds and potential guarantors for his bail to prevent New York Attorney General Letitia James from seizing his assets.
- Trump's defense team is considering options to challenge the judgment without posting bail and speculating on the impact of asset seizure on his campaign.
- Despite concerns from his team regarding bail, Trump's campaign is leveraging the situation to mobilize supporters and reinforce the perception of unfair treatment by the justice system.
Alabama passes bill to help thousands of abused Boy Scouts collect damages: In a rare show of bipartisanship, the Alabama legislature unanimously passed a bill ...
al.com/news/2024/03/alabama-unanimously-passes-bill-to-help-thousands-of-abused-boy-scouts-collect-damages.html
‘Am I sorry? No’ — 3AC founder. $6B BTC laundered for fast food worker: Asia Express
cointelegraph.com/magazine/3ac-kyle-davies-brit-launders-6b-btc-fast-food-worker-asia-express/
Baltimore Archbishop Lori commits ‘to hear directly from the survivors’ in court: Catholic Church attorneys say Archbishop William Lori would attend two proposed ...
baltimoresun.com/2024/03/20/baltimore-lori-proposed-victim-testimony/
N.J. Catholic diocese’s $87.5M settlement with sexual assault victims OKed by judge
pennlive.com/news/2024/03/nj-catholic-dioceses-875m-settlement-with-sexual-assault-victims-oked-by-judge.html
New Jersey Catholic diocese's $87.5 mln abuse settlement approved: A U.S. bankruptcy judge on Thursday approved the Diocese of Camden's Chapter 11 bankruptcy ...
reuters.com/legal/government/new-jersey-catholic-dioceses-875-mln-abuse-settlement-approved-2024-03-14/
Donald Trump May Be Closer To Bankruptcy Than It Seems: The former president needs more money to keep his businesses afloat, according to one financial analyst.
newsweek.com/donald-trump-bankruptcy-court-awards-e-jean-carroll-new-york-fraud-case-engoron-1877890
As SBF’s Sentence Approaches, One More Weird Twist in the FTX Saga Might Help Him
slate.com/technology/2024/03/sbf-sentencing-upcoming-ftx-twist.html
Annual incidents of cargo theft have nearly doubled since 2019. What can be done? Read our Logistics Report for solutions and data from CargoNet ... Show more bit.ly/3Sm6oC0
Filings call Bellevue real estate investment firm a Ponzi scheme: The investment firm iCap raised money promising to invest in Seattle-area real estate projects ...
seattletimes.com/business/real-estate/bellevue-real-estate-firm-ran-a-ponzi-scheme-say-bankruptcy-filings/
Man served eviction papers before fatal Independence shooting lost home over taxes
kansascity.com/news/local/article286120921.html
Supreme Court allows Boy Scouts bankruptcy plan to proceed: The U.S. Supreme Court is allowing the Boy Scouts of America’s $2.4 billion bankruptcy settlement to ...
star-telegram.com/news/politics-government/article285804461.html
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The Chris Pettit case, from start to federal sentencing in San Antonio: The former San Antonio attorney’s clients and others say he stole more than $250 million ...
expressnews.com/business/article/chris-pettit-case-san-antonio-18678728.php
Paid articlePaid
Giuliani Notes Trump’s ‘Unpaid Legal Fees’ in Bankruptcy Filing : He says his monthly net income is just $2,308.
thedailybeast.com/giuliani-notes-trumps-unpaid-legal-fees-in-bankruptcy-filing
US Supreme Court's Alito pauses Boy Scouts $2.46 billion abuse settlement: U.S. Supreme Court Justice Samuel Alito on Friday temporarily halted the Boy Scouts of ...
reuters.com/legal/us-supreme-courts-alito-temporarily-halts-boy-scouts-246-bln-abuse-settlement-2024-02-16/
Rudy Giuliani's Legal Fund Raises Eyebrows in Bankruptcy Case: Giuliani is funding lawyers in part via a defense fund, of which his son is president ...
newsweek.com/rudy-giuliani-legal-fund-lawyers-filing-bankruptcy-case-1870604
As Sam Bankman-Fried awaits prison sentence, FTX customers await a surprise: Full repayment
cnbc.com/2024/02/10/as-sam-bankman-fried-awaits-jail-ftx-customers-await-full-repayment.html
Sandy Hook denier Alex Jones eyes late March bankruptcy exit: Sandy Hook conspiracy theorist Alex Jones could exit Chapter 11 bankruptcy by late March or early ...
reut.rs/42acmdu
Rudy Giuliani Blasts Trump Campaign over Failure to Pay Him: Giuliani has filed for bankruptcy after being ordered to pay $148 million in defamation damages to ...
newsweek.com/rudy-giuliani-blasts-trump-campaign-over-failure-pay-him-1868566
US: Two Sentenced for Exploiting Bankrupt Individuals in Fraud Scheme: Organized Crime and Corruption Reporting Project
occrp.org/en/daily/18451-us-two-sentenced-for-exploiting-bankrupt-individuals-in-fraud-scheme
Indiana pickleball entrepreneur Rodney Grubbs forced into bankruptcy over unpaid loans
indystar.com/story/news/investigations/2024/02/07/pickleball-entrepreneur-pushed-into-bankruptcy-in-alleged-loan-scam/72510048007/
FTX’s Missing $400 Million Were Stolen in SIM-Swapping Hack, DOJ Says: Three people have been charged with orchestrating a SIM-swapping scam that siphoned more ...
trib.al/xJDFnag
Are you at Manifest - The Future of Supply Chain & Logistics trade show? Pick up a copy of our first print Logistics Report! Or download it here: bit.ly/3Sm6oC0
FTX Expects to Repay Customers in Full, Bankruptcy Lawyer Says: Customers and creditors of bankrupt crypto exchange FTX who can prove their losses will likely ...
bloomberg.com/news/articles/2024-01-31/ftx-expects-to-repay-customers-in-full-bankruptcy-lawyer-says
Paid articlePaid Rudy Giuliani files for bankruptcy a day after a judge orders him to pay $146 million
npr.org/2023/12/21/1220557358/rudy-giuliani-election-workers-lawsuit
Quick Glance: Judge Orders Rudy Giuliani to Immediately Pay $148 Million to Two Election Workers
- A judge ordered Rudy Giuliani to immediately pay $148 million to two former election workers after they sued him for defamation.
- Giuliani was ordered to pay the sum awarded by an eight-person jury last week.
- Despite the defamation trial ending, the women sued Giuliani again and asked the courts to permanently stop him from speaking about them.
- The pair claims that Giuliani continues to tell lies about them despite being found guilty of defamation last Friday.
Rudy Giuliani files for bankruptcy : Rudy Giuliani has filed for bankruptcy, days after being ordered to pay $148 million in a defamation lawsuit ...
apnews.com/article/giuliani-bankruptcy-filing-defamation-case-trump-4780ebe8e3f39133817f70c063c3c564
The value and volume of deals in the Transportation and Logistics (T&L) sector declined by 82% and 33% respectively in the last 12 month thru Nov 15, 2023 ... Show more bit.ly/3Sm6oC0
FTX Is Unloading Crypto to Raise Cash and Pay Back Customers: FTX is unloading cryptoassets and hoarding cash as bankruptcy advisers look for a way to repay ...
bloomberg.com/news/articles/2024-01-27/ftx-is-unloading-crypto-to-raise-cash-and-pay-back-customers
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FTX Ramps Up Cash Reserves In Attempt To Repay Customers Amid Bankruptcy : FTX is strategically liquidating its crypto assets and bolstering its cash reserves.
benzinga.com/markets/cryptocurrency/24/01/36815428/ftx-ramps-up-cash-reserves-in-attempt-to-repay-customers-amid-bankruptcy
New FTX Bankruptcy Probe Should Be Limited and Fast, Judge Says: A federal judge moved to limit the cost and length of a new outside investigation of FTX Trading ...
trib.al/XuGbYFH
Why Is Donald Trump Facing Potential Bankruptcy? The Prospective Defamation Trial Damages, Explained
wegotthiscovered.com/politics/its-only-january-and-donald-trump-is-already-facing-potential-bankruptcy/
Donald Trump's 'Profound' Damages Payment Could Cause Bankruptcy: Legal experts predicted the outcome of the former president's trial in the defamation case ...
newsweek.com/donald-trump-e-jean-carroll-lawsuit-damages-bankrupt-case-1862244
Pettit victims’ lawsuit against banks can proceed, judge rules: Some 128 of Chris Pettit’s former clients have sued five banks for breach of fiduciary duty in ...
expressnews.com/business/article/chris-pettit-victims-lawsuit-five-banks-proceed-18625591.php
FTX bankruptcy case needs independent examiner, U.S. court rules - National | Globalnews.ca
trib.al/eAP0qHw
‘Sam? Are you there?!’ The bizarre and brutal final hours of FTX: How Sam Bankman-Fried and his band of millennial millionaires lost a $40bn crypto empire
ft.com/content/6e912f25-f1b7-4b19-b370-007fbc867246
Paid articlePaidQuick Glance: Sam Bankman-Fried Avoids Second Trial
- U.S. prosecutors do not plan to conduct a second trial against former FTX Chief Executive Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt cryptocurrency exchange.
- Prosecutors said the strong public interest in a prompt resolution of the case against the 31-year-old former billionaire outweighed the benefits of a second trial.
- Bankman-Fried could face decades in prison when sentenced by U.S. District Judge Lewis Kaplan in Manhattan.
- A second trial would not affect how much time Bankman-Fried could face in prison, as Kaplan could consider all of Bankman-Fried's conduct when sentencing him for the counts on which he was convicted.
Alex Jones offers Sandy Hook victims' families $55 million to settle legal claims
npr.org/2023/12/16/1219848695/alex-jones-sandy-hook-victims-families-settle
Quick Glance: Court Upholds $75K Fine for Alex Jones
- A Connecticut appeals court upheld a $75,000 fine against right-wing personality Alex Jones for missing a deposition in March of last year.
- The court agreed with the trial court's ruling that Jones' decision to host a live radio broadcast significantly undermined his claim of being too ill to attend the deposition.
- The Connecticut Appellate Court stated that Jones still did a live broadcast of his show Infowars despite claiming to be ill and receiving doctor's recommendations to avoid the deposition in a lawsuit by families of the Sandy Hook shooting victims.
- Jones' lawyer mentioned the possibility of appealing the appellate court's ruling to the Supreme Court.
Nordic Waste faces criticism over bankruptcy scandal: There are concerns the bankruptcy could cost Danish taxpayers some €27 million.
euronews.com/2024/01/20/nordic-waste-faces-criticism-over-bankruptcy-scandal
Crypto’s 2023 was marred by fraud and scandal. It may have been its best year ever
cnn.com/2023/12/24/tech/crypto-2023-bitcoin-sbf/
Quick Glance: Bitcoin's 2023 Surge Drives Stock Market Profits
- Crypto bulls made the most profitable bets in 2023 in the stock market.
- Bitcoin rose over 150%, while shares of Coinbase, MicroStrategy, and the Grayscale Bitcoin Trust, closely tied to the digital currency, gained over 300% in value.
- Bitcoin miner Marathon Digital surged by 688%.
- The crypto boom represents a significant recovery from 2022, when coin prices fell and related equities also declined.
A series of failures proves that Israel's security concept is obsolete: Intelligence has failed time and again, now a war is being fought on two fronts and the ...
haaretz.com/israel-news/2024-01-12/ty-article-magazine/.highlight/a-series-of-failures-proves-that-israels-security-concept-is-obsolete/0000018c-fda7-d517-af9d-fdbff7850000
Iowa woman sentenced for bankruptcy fraud following FBI investigation: Debra Leisinger admitted in a plea agreement that after filing for bankruptcy protection ...
desmoinesregister.com/story/news/crime-and-courts/2024/01/12/iowa-woman-sentenced-for-bankruptcy-fraud-following-fbi-investigation/72206817007/
Sandy Hook families offer to settle Alex Jones' $1.5 billion legal debt for a minimum of $85 million
apnews.com/article/alex-jones-bankruptcy-sandy-hook-shooting-infowars-4d3323728cf2d5f8da36ae0d2fd3994a
Quick Glance: Alex Jones's $1.5bn Debt Settlement Offered by Sandy Hook Families
- Sandy Hook families win $1.5bn lawsuit against Alex Jones.
- Mr Jones admits to repeated false claims about the deaths, leading to harassment of the victims' families.
- Despite bankruptcy, Mr Jones will not be released from paying the settlement, as ruled by a judge last month.
- The new offer would require Mr Jones to pay the families half of any income he earned over $9m (£7m) per year, as revealed in court filings last week.
Banking app Dave to buy back $100M stake from FTX : Fintech firm Dave has announced an agreement to purchase a $100 million convertible promissory note from FTX ...
cointelegraph.com/news/banking-app-dave-buy-back-100-million-stake-ftx
Four key retail moments in 2023: It was a busy year in retail.
cnn.com/2023/12/31/economy/retail-shopping-year-review/
Tesla fires new salvo at ex-worker bankrupted after feud with Elon Musk: The company on Tuesday (Jan 2) urged a bankruptcy judge not to let Martin Tripp off the ...
thestar.com.my/tech/tech-news/2024/01/03/tesla-fires-new-salvo-at-ex-worker-bankrupted-after-feud-with-elon-musk
Georgia Gambling Company Lucky Bucks Says Former Workers Ran Criminal Scheme: The Georgia slot machine operator previously known as Lucky Bucks is suing several ...
bloomberg.com/news/articles/2024-01-05/georgia-gambling-company-lucky-bucks-says-former-workers-ran-criminal-scheme
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U.S. Attorney's Office claims Denny Hecker's ex-wife failed to pay all of ordered restitution
startribune.com/us-attorney-says-minnesota-denny-hecker-ex-wife-christi-rowan-failed-to-pay-restitution/600332438/
Archdiocese of Baltimore bankruptcy: Creditors Committee launches website with information for clergy abuse survivors
baltimoresun.com/2024/01/03/archdiocese-of-baltimore-bankruptcy-creditors-committee-launches-website-with-information-for-clergy-abuse-survivors/
Judge postpones sentencing of disgraced ex-attorney Chris Pettit: After the jailed attorney's lawyer asked for a continuance, his sentencing was rescheduled for ...
expressnews.com/business/article/judge-postpones-sentencing-disgraced-ex-attorrney-18585450.php
California friars file for bankruptcy in wake of nearly 100 cases of child sex abuse
english.elpais.com/usa/2024-01-03/california-friars-file-for-bankruptcy-in-wake-of-nearly-100-cases-of-child-sex-abuse.html
Sexual abuse lawsuits drive Roman Catholic organisation Franciscan Friars of California to file bankruptcy
wionews.com/world/sexual-abuse-lawsuits-drive-roman-catholic-organisation-franciscan-friars-of-california-to-file-bankruptcy-676114
WSJ News Exclusive | Wealthy Investors Rescued Juul From Bankruptcy. Others Are Crying Foul.
wsj.com/finance/wealthy-investors-rescued-juul-from-bankruptcy-others-are-crying-foul-5cb18578
Sandy Hook families blast Alex Jones amid bankruptcy battle: ‘His time is up’: Families of those killed in the Sandy Hook Elementary School shooting blasted ...
thehill.com/homenews/media/4326461-sandy-hook-families-blast-alex-jones-amid-bankruptcy-battle-his-time-is-up/
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