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FTX founder Sam Bankman-Fried pleads not guilty to fraud

Former cryptocurrency tycoon Sam Bankman-Fried pleaded not guilty on Tuesday to charges of defrauding investors in his now-defunct FTX cryptocurrency exchange.

The 30-year-old FTX founder is charged with eight criminal counts, including wire fraud and conspiracy to commit money laundering. He is accused of illegally redirecting FTX customers’ deposits to his Alameda Research hedge fund, which financed his lavish real estate purchases and large political contributions. Two of his former associates have already pled guilty to charges of fraud. Carolyn Ellison, the former CEO of Alameda, and Gary Wang, the co-founder of FTX, are cooperating with prosecutors and may testify at trial in the hopes of receiving lenient treatment.

by Siliconluxembourg

Would-be entrepreneurs have an extra helping hand from Luxembourg’s Chamber of Commerce, which has published a new practical guide. ‘Developing your business: actions to take and mistakes to avoid’, was written to respond to  the needs and answer the common questions of entrepreneurs.  “Testimonials, practical tools, expert insights and presentations from key players in our ecosystem have been brought together to create a comprehensive toolkit that you can consult at any stage of your journey,” the introduction… Source link

by WIRED

B&H Photo is one of our favorite places to shop for camera gear. If you’re ever in New York, head to the store to check out the giant overhead conveyor belt system that brings your purchase from the upper floors to the registers downstairs (yes, seriously, here’s a video). Fortunately B&H Photo’s website is here for the rest of us with some good deals on photo gear we love. Save on the Latest Gear at B&H Photo B&H Photo has plenty of great deals, including Nikon’s brand-new Z6III full-frame… Source link

by Gizmodo

Long before Edgar Wright’s The Running Man hits theaters this week, the director of Shaun of the Dead and Hot Fuzz had been thinking about making it. He read the original 1982 novel by Stephen King (under his pseudonym Richard Bachman) as a boy and excitedly went to theaters in 1987 to see the film version, starring Arnold Schwarzenegger. Wright enjoyed the adaptation but was a little let down by just how different it was from the novel. Years later, after he’d become a successful… Source link