• Reuters

    Sam Bankman-Fried to be sentenced for multi-billion dollar FTX fraud

    Sam Bankman-Fried, the former billionaire cryptocurrency wunderkind, is set to be sentenced on Thursday over his conviction for stealing $8 billion from customers of the now-bankrupt FTX exchange he founded. Bankman-Fried, 32, faces the prospect of decades behind bars after a jury found him guilty in November on seven fraud and conspiracy counts. The hearing will mark the culmination of Bankman-Fried's downfall from an ultra-wealthy cryptocurrency entrepreneur and major political donor to U.S. authorities' biggest trophy to date in a crackdown on malfeasance in digital asset markets.

  • Insider Monkey

    Brunswick Corporation (BC) Rose 23% Despite Reporting Mixed Results

    TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy underperformed the Russell Midcap Growth Index and returned 13.66% (gross) and 13.44% (net) while the index return was – 14.55%. In addition, please […]

  • Reuters

    Lawsuits over Baltimore bridge collapse likely, though limited, lawyers say

    The owner, operator and charterer of the container ship that struck Baltimore’s Francis Scott Key Bridge on Tuesday are likely to face lawsuits over its collapse and the people killed or injured, but legal experts say U.S. maritime law could limit the companies’ liability. U.S. laws pertaining to open-water navigation and shipping, which are created through court decisions and by acts of Congress, could restrict the kinds of lawsuits filed against the registered owner of the Singapore-flagged ship, Grace Ocean Pte Ltd, its manager Synergy Marine Group and its charterer Maersk, and could limit the damages they would have to pay, three legal experts told Reuters. The economic damages suffered by the city of Baltimore from the closure of the port, the busiest port for car shipments in the U.S., or by businesses that rely on it and the now-collapsed bridge would not be recoverable through lawsuits, said Martin Davies, director of the Maritime Law Center at Tulane University School of Law.