A group of FTX investors has agreed to drop legal claims against Sam Bankman-Fried. In exchange, the disgraced former crypto exchange CEO will cooperate in the investors’ suits against other defendants stemming from FTX’s collapse, including various celebrities paid to promote the exchange, according to court documents filed Friday (April 19). The settlement, first reported by Bloomberg News, comes weeks […]
Sam Bankman-Fried, facing the prospect of spending much of his adult life behind bars, on Thursday appealed his conviction and 25-year prison sentence for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded. Defence lawyer Marc Mukasey had announced plans for the appeal to the Manhattan-based 2nd US Circuit Court of Appeals during Bankman-Fried's March 28 sentencing hearing. The 32-year-old former billionaire crypto wunderkind was convicted in November...
Sam Bankman-Fried, the founder of crypto exchange FTX who went from the 41st richest person in America to broke faster than any billionaire in history, has settled the lawsuit FTX investors filed against him in exchange for his help and cooperation in lawsuits against celebrities like Tom Brady and Shaq who publicly promoted FTX. This […]
Former FTX chief, Sam Bankman-Fried, who is currently serving 25 years behind bars has reached an agreement with investors to settle their civil claims. Bankman-Fried will cooperate in a. The list of celebrities include Tom Brady, Shaquille O'Neal, Stephen Curry, Shohei Ohtani, Gisele Bundchen, Larry David and others
The US Federal Trade Commission (FTC) has banned noncompete clauses in a move to "drive innovation" and protect workers' rights and wages, the regulator said in a press release. The new rule will free most new and current employees from such agreements, with the exception of "policy-making" executives earning more than $151,164 per year. "Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism," said FTC Chair Lina M. Khan. The agency estimated that the...
U.S. companies would no longer be able to bar employees from taking jobs
The Federal Trade Commission voted to ban measures known as noncompete agreements, which bar workers from jumping to or starting competing companies for a prescribed period of time.
Experts say the measure could presage another major crackdown in Xinjiang.
Flipkart, which has been experimenting with web3 and blockchain since last year through Flipkart Labs, is looking to test new use cases beyond metaverse and non-fungible tokens.The Walmart-owned ecommerce behemoth is working with Polygon for its web3 initiatives and plans to go deep with this partnership this year, which can help change the way Indians shop and engage with brands online, according to a senior industry executive, who requested not to be named.“While there are a bunch of...
The FTC delivered its final ruling on April 23 promising business growth, higher wages and rapid innovation. On April 23, the Federal Trade Commission (FTC) delivered a final rule to ban noncompete agreements nationwide, a decision that it claims will allow workers to change jobs or take on additional work more freely, increase innovation and […]
FTC votes to ban measures which bar workers from jumping to or starting competing companies for a prescribed period of timeUS companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency on Tuesday, though the rule is sure to be challenged in court.The Federal Trade Commission voted to ban measures known as noncompete agreements, which bar workers from jumping to or starting competing companies for a prescribed period of time....
If you’re a small-business owner sitting on thousands of business credit card points, which you’ve earned by paying your company expenses, you may be inclined to put those points back into your business. However, if you have no need to use your own credit card rewards to book personal or business travel and you have …