 Technology |
Technology |
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FTX founder convicted for fraud, conspiracy |
A Manhattan jury found Sam Bankman-Fried, the co-founder of digital currency exchange FTX, guilty on all seven counts of fraud and conspiracy. |
Beleaguered cryptocurrency king and FTX founder Sam Bankman-Fried was convicted on seven counts in his fraud trial in New York Thursday, ending a storied ascent that brought in millions in political donations and sparked criminal probes across agencies when FTX collapsed. Bankman-Fried was convicted of charges including wire fraud and conspiracy to commit securities fraud in his case tried in the Southern District of New York. The jury reportedly deliberated for just over four hours. Bankman-Fried faced several charges over allegations that he defrauded his customers and investors of billions of dollars in a scheme that prosecutors have called "one of the biggest financial frauds in American history." Following the collapse of FTX last year, Bankman-Fried was arrested in the Bahamas in December 2022.
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Welcome to The Hill's Technology newsletter, we're Rebecca Klar and Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley. |
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Watters said multiple presidential administrations have "tried to get the heck out of that stupid desert," before decrying "these crazy Muslim fanatics" who he said "come in and massacre over a thousand of our allies. And hold Jewish people hostage, hold Americans hostage." |
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Lyft also allegedly shortchanged drivers from 2015 to 2017, slashing a 11.4 percent "administrative charge" from drivers' payment that equaled the sales tax and Black Car Fund fees that were supposed to be paid by riders. |
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Bob Goldberg had faced calls for his immediate resignation since August, when the Times published an article outlining the association had widespread complaints of harassment and discrimination. |
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News we've flagged from the intersection of tech and other topics: |
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Dolly Parton weighs in on AI |
Singer and songwriter Dolly Parton weighed in on artificial intelligence (AI) in art calling it a "weapon and tool that can be scary" that shouldn't replace humans in an interview with The Hollywood Reporter. |
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The personal finance app Mint will shut down at the start of 2024 and parent company Intuit will push users to use its other service Credit Karma instead, Bloomberg reported. |
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Upcoming news themes and events we're watching: |
- Mozilla will host an event titled "Code to Conduct in AI: Open Source, Privacy, and More" on Wednesday Nov. 15 at 4 p.m. ET.
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TOKYO (AP) — Nippon Steel Corp. has dropped its lawsuit against Toyota Motor Corp. over a patent for a technology used in electric motors, saying wrangling among Japanese companies was not beneficial to keep the nation competitive. Toyota and Nippon Steel see their partnership as critical in the … |
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Two key stories on The Hill right now: |
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Mary Trump, the niece of former President Trump, said she thinks Ivanka Trump will throw her father "under the bus" when she testifies in the fraud … Read more |
| In back-to-back testimonies Thursday, former President Trump's two adult sons distanced themselves from Trump Organization financial statements key … Read more |
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Opinions related to tech submitted to The Hill: |
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