Tag: fraud

FTX founder Sam Bankman-Fried appeals fraud conviction, 25-year prison sentence

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[ad_1] Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023. Eduardo Munoz | Reuters A lawyer for FTX founder Sam Bankman-Fried on Thursday filed a notice of appeal of his federal fraud and conspiracy conviction and his 25-year prison sentence. Bankman-Fried’s appeal came two weeks after he was sentenced in U.S. District Court in Manhattan and ordered to pay $11…

Trump posts $175 million bond in New York civil fraud case

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In the New York civil fraud case, former President Donald Trump has posted a $175 million bond to prevent the seizure of his assets while the case is under appeal. This action follows a state appeals court ruling that Trump and his co-defendants had 10 days to post the amount, which was reduced from the initial $464 million judgment. Trump’s attorney expressed confidence in overturning the verdict on appeal. [ad_1] Former U.S. President Donald Trump speaks after attending a wake for New York City Police Department (NYPD) officer Jonathan Diller,…

Woman Who Received 5-Year Sentence in Voter Fraud Case Is Acquitted

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[ad_1] In a case that has prompted outrage from voting-rights activists for years, a Texas appeals court reversed itself on Thursday and acquitted a woman who had been sentenced to five years in prison for illegally casting a provisional ballot in the 2016 election. The decision came two years after the Texas Court of Criminal Appeals, the state’s highest criminal court, ruled that the lower appeals court, the Second Court of Criminal Appeals, had misconstrued the illegal voting statute under which Crystal Mason was found guilty in 2018. Ms. Mason,…

Trump hasn’t posted $464 million bond in fraud case. Here’s what the New York attorney general could do now.

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[ad_1] Update: An appeals court on Monday reduced Trump’s bond to $175 million, due in 10 days. Read the latest here. The story below is from before the latest ruling. Former President Donald Trump and other defendants have not posted the nearly half a billion dollars in bond needed to pause enforcement of a judge’s February ruling in a New York civil fraud case, potentially leaving some of his prized real estate and other assets vulnerable to seizure by the state. As the clock struck midnight Monday, time expired on…

As Trump's $454 million fraud judgment deadline looms, son Eric gripes 'they want to bankrupt him'

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[ad_1] Former U.S. President Donald Trump speaks to the media after voting at a polling station setup in the Morton and Barbara Mandel Recreation Center on March 19, 2024, in Palm Beach, Florida.  Joe Raedle | Getty Images Donald Trump faces the severe risk that New York‘s attorney general will begin trying to collect a $454 million civil business fraud judgment against him on Monday unless an appeals court gives the former president a last-minute reprieve. Trump’s son Eric, a co-defendant in the fraud case, accused Attorney General Letitia James…