Activity tagged "law"

FTX's Ryan Salame has returned to Twitter for the first time since FTX collapsed — hours after he was sentenced to 7.5 years in prison for his role in the FTX fraud and for his illegal campaign contributions 💀

Ryan Salame @rsalame7926 · 18m Yah terrible tweet, like the worst. I get it, I've cringed reading it nearly every day since I found out half of ftx customers money was somehow missing. Quote Ryan Salame @rsalame7926 · Nov 6, 2022 It’s so powerful learning who your friends are! Very excited to grow with them in the long term. It’s not hard to genuinely figure out who cares about customers and who doesn’t if you look past the insanity Ryan Salame @rsalame7926 · 39m Who should I do the first public interview with? Top vote wins. Ryan Salame @rsalame7926 · 2h hot damn, this is going to get interesting quickly Ryan Salame @rsalame7926 · Nov 6, 2022 It’s so powerful learning who your friends are! Very excited to grow with them in the long term. It’s not hard to genuinely figure out who cares about customers and who doesn’t if you look past the insanity Ryan Salame reposted SBF @SBF_FTX · Nov 6, 2022 1) A huge thank you to everyone who has supported us--we're excited to keep climbing together.  And especially to those who stay level headed during crazy times.  We deeply appreciate it.
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Last week, the House Energy and Commerce Committee had a hearing all about Section 230, in which they didn’t even attempt to find a witness pointing out its benefits. Among the many organizations that could have provided that vital perspective is the Wikimedia Foundation (as seen in three excellent posts on Medium), and this week we’re joined by Rebecca MacKinnon, Wikimedia’s VP of Global Advocacy and long-time open internet defender, to talk about why the hearing was bad and Section 230 is very, very important.

Sam Bankman-Fried has filed his notice of appeal. This comes shortly after a request that he remain at MDC Brooklyn until his appeal has been fully briefed, to allow him better access to his counsel than he would have if moved to a federal penitentiary closer to his family in California.

Criminal Notice of Appeal - Form A NOTICE OF APPEAL United States District Court Southern District of New York DATE FILED: 4/11/2024 United States Docket No. 1:22-cr-00673-LAK Lewis A. Kaplan (District Court Judge) Samuel Bankman-Fried Notice is hereby given that Samuel Bankman-Fried appeals to the United States Court of Appeals for the Second Circuit from the judgment entered in this action on April 1, 2024 This appeal concerns: Conviction & Sentence Defendant found guilty by trial Offense occurred after November 1, 1987? Yes Date of sentence: March 28, 2024 Bail/Jail Disposition: Committed Appellant is represented by counsel? Yes If yes, provide the following information: Defendant's Counsel: Alexandra A.E. Shapiro Shapiro Arato Bach LLP Counsel's Address: 1140 Avenue of the Americas, 17th Floor, New York, NY 10036 Counsel's Phone: (212) 257-4881 Assistant U.S. Attorney: Nicolas Roos AUSA's Address: United States Attorney's Office, SDNY One Saint Andrew's Plaza, New York, New York 10007 AUSA's Phone: (212) 637-2421
Re: United States v. Samuel Bankman-Fried, 1:22 CR 673 (LAK) Dear Judge Kaplan: VIA ECF Honorable Lewis A. Kaplan United States District Judge Daniel Patrick Moynihan United States Courthouse 500 Pearl Street New York, NY 10007 Defendant Sam Bankman-Fried was sentenced on March 28, 2024, primarily to 25 years imprisonment, to be served, if possible, near his family’s home in California. (ECF 424). Mr. Bankman-Fried respectfully requests, pursuant to Rule 38(b)(2) of the Federal Rules of Criminal Procedure, that the Court supplement its recommendation to the Bureau of Prisons (“BOP”) by issuing the attached proposed order recommending that the BOP allow him to remain at the Metropolitan Detention Center in Brooklyn to facilitate access to his appellate counsel pending the filing of the briefs in his anticipated appeal. Rule 38(b)(2) provides that “[i]f the defendant is not released pending appeal, the court may recommend to the Attorney General that the defendant be confined near the place of the trial or appeal for a period reasonably necessary to permit the defendant to assist in preparing the appeal.” Fed. R. Cr. Proc. 38(b)(2). See e.g., United States v. Carl, No. 07-CR-29-P-S, 2008 WL 4615556 (D. Me. Oct. 16, 2008) (issuing similar order). The government informs us that they take no position on this request. Respectfully submitted, /s/ Marc L. Mukasey

Google has filed a lawsuit against two scammers who they allege have submitted at least 87 fraudulent cryptocurrency and investment platform apps to the Google Play Store.

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK GOOGLE LLC, Plaintiff, v. YUNFENG SUN, a/k/a “ALPHONSE SUN,” and HONGNAM CHEUNG, a/k/a “ZHANG HONGNIM,” a/k/a “STANFORD FISCHER,” Defendants. Civil Action No. COMPLAINT INTRODUCTION 1. At all times relevant to this Complaint, Defendants Yunfeng Sun, a/k/a “Alphonse Sun,” and Hongnam Cheung, a/k/a “Zhang Hongnim” and “Stanford Fischer,” were online application (“app”) developers who were engaged in an international online consumer investment fraud scheme (the “Fraud Scheme”). Through that Fraud Scheme, Defendants and other co-conspirators, known and unknown, perpetrated a form of online fraud through which they socially engineered and targeted victims to download from, among other sources, Google Play mobile apps that purportedly offered investments in cryptocurrencies and other products.1 Members of the Fraud Scheme lured victims in with promises of high returns, and the seemingly legitimate apps were designed to display purported returns on investments in individual victim accounts. Yet the gains conveyed by the apps were illusory. And the scheme did not end there. Instead, when individual victims attempted to withdraw

According to Google, at least 100,000 people have downloaded the apps, and some have suffered financial losses as a result.

Google alleges the scammers used romance scam techniques, among others, to try to persuade victims to download the apps.

a. Defendants Send Wayward Text Messages to Lure Victims into Investing Through the TionRT App 29. According to business records maintained by Google, the TionRT LTD (“TionRT”) app was uploaded to Google Play in July 2022 by a developer account associated with Yunfeng Sun. TionRT purported to be a cryptocurrency exchange. 30. Members of the Fraud Scheme lured victims into investing using the TionRT app through wayward messages, either through text or social media platforms. The texts would purport to be from wrong numbers, but then the texters would strike up conversations with the victims, developing “friendships” and “romantic attachments.” After gaining the victims’ trust, the fraudsters would convince the victims to download and invest using the TionRT app in order to earn extra money. The “friend” or “romantic partner” would frequently guide the victim through the process, offering reassuring explanations of the financial and technical aspects of investing. 31. After building a relationship with the victims, members of the Fraud Scheme would suggest that the victims invest a small amount and then encourage them to withdraw some of the money once they started seeing returns. After this initial withdrawal succeeded, the reassured users would invest more money.
The case is Google LLC v. Sun.