Lawsuit Accuses Meta Of Enabling Hateful Posts In Ethiopia Conflict

Lawsuit Accuses Meta Of Enabling Hateful Posts In Ethiopia Conflict

By Katie Paul (Reuters) – A new lawsuit has accused Meta Platforms of enabling violent and hateful posts from Ethiopia to flourish on Facebook, inflaming the country’s bloody civil war. The lawsuit, filed in Kenya on Tuesday, was brought by two Ethiopian researchers and Kenyan rights group the Katiba Institute. It alleges Facebook’s recommendations systems…

Read More
FTX Founder Bankman-Fried In Custody After Fraud Charges, Bail Denied

FTX Founder Bankman-Fried In Custody After Fraud Charges, Bail Denied

By Jared Higgs, Luc Cohen and Chris Prentice NASSAU, Bahamas/NEW YORK (Reuters) -A Bahamian judge denied FTX founder Sam Bankman-Fried bail on Tuesday, hours after U.S. prosecutors accused the 30-year-old of misappropriating billions of dollars and violating campaign laws in what has been described as one of America’s biggest financial frauds. The former CEO of…

Read More
Column-In The SEC's Suit Against Bankman-Fried, What About The Customers?: Frankel

Column-In The SEC’s Suit Against Bankman-Fried, What About The Customers?: Frankel

By Alison Frankel (Reuters) – Federal prosecutors and regulators from the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission all told a similar story on Tuesday about Sam Bankman-Fried’s alleged scheme to divert billions of dollars of customers’ money from the FTX crypto exchange to Alameda Research LLC. They all accused Bankman-Fried…

Read More
U.S. Charges FTX Founder With Fraud, Illegal Campaign Contributions

U.S. Charges FTX Founder With Fraud, Illegal Campaign Contributions

By Jared Higgs, Luc Cohen and Chris Prentice NASSAU, Bahamas/NEW YORK (Reuters) -U.S. prosecutors on Tuesday accused Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, of fraud and violating campaign finance laws, saying the investigation is ongoing and “moving very quickly.” U.S. Attorney Damian Williams in New York said Bankman-Fried made…

Read More