FTX founder and CEO Sam Bankman-Fried was sentenced to 25 years in prison on Thursday. He faced up 110 years, with prosecutors wanting him to serve 40 to 50 years. Bankman-Fried's lawyers requested no more than six and a half years. Bankman-Fried was convicted in November of seven counts of fraud and conspiracy after being accused of using FTX customer funds to cover losses at his hedge fund. Yahoo Finance's Jennifer Schonberger reports the breaking details. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Stephanie Mikulich.
FTX founder and CEO Sam Bankman-Fried was sentenced to 25 years in prison on Thursday. He faced up 110 years, with prosecutors wanting him to serve 40 to 50 years. Bankman-Fried's lawyers requested no more than six and a half years.
Bankman-Fried was convicted in November of seven counts of fraud and conspiracy after being accused of using FTX customer funds to cover losses at his hedge fund.
Yahoo Finance's Jennifer Schonberger reports the breaking details.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
Editor's note: This article was written by Stephanie Mikulich.
Reuters
LONDON (Reuters) -SIX Group has ruled out making a bid for fund distribution group Allfunds after studying an acquisition, and will instead consider other deals that can expand its data business or give it access to new asset classes, its CEO Jos Dijsselhof told Reuters. "We don't think that's something for us," Dijsselhof said in an interview on Wednesday when asked about Allfunds. The comments come two months after Reuters reported that SIX, the operator of the Swiss and Spanish stock exchanges, was in the early stages of exploring a takeover of Amsterdam-listed Allfunds.
SmartAsset
If you have an employer-sponsored retirement plan, like a 403(b), leaving your job means you’ll need to decide what to do with your account. When retiring, you have three main options: You can retain your old 403(b) if the plan allows it, roll your money over into an IRA or a Roth IRA, o4 withdraw […] The post What Should I Do With My 403(b) Once I Retire? appeared first on SmartReads by SmartAsset.
Reuters
Russian company Automotive Technologies on Wednesday said it had started assembling Citroen C5 Aircross models in batches at a plant south of Moscow formerly owned by Stellantis, with the cars set to be sold in dealerships from May. Reuters exclusively reported in February, citing customs data and two people familiar with the matter, that Automotive Technologies had imported at least 42 car kits from China for assembling Citroen models at the plant. Manufactured in China, the kits were produced by China's Dongfeng Motor Group, the data showed.
Benzinga
In a post on X, formerly Twitter, Florida Governor Ron DeSantis announced that he signed legislation “to end the squatters scam & protect homeowners.” Governor Ron DeSantis Signs Legislation to End the Squatters Scam & Protect Homeowners https://t.co/MjqOKiAHPZ — Ron DeSantis (@GovRonDeSantis) March 27, 2024 "We are putting an end to the squatters scam in Florida," DeSantis said in a release on his website. "While other states are siding with the squatters, we are protecting property owners and
TipRanks
There’s been a lot of talk recently about this year’s bull market, both on its own merits and in comparison to last year. But somewhat less attention has been paid to it as part of a larger trend overall – a secular bull market that began in 2013 and has seen the S&P 500 reach recent record highs. Long-term trends are good for the market generally, but what the average retail investor really wants is a solid return in the here-and-now. There are several routes to accomplish this, and one of the
Read more --->