NRLIN: OGOV

Feds seized nearly $700 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, much of it in the form of Robinhood stock, according to a court filing on Friday. Bankman-Fried, who was accused of stealing billions of dollars from FTX clients to pay debts incurred by his crypto-focused hedge …

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Texas AG halts most Citigroup municipal bids over gun law row

Jan 18 (Reuters) – Citigroup Inc (CN) has discriminated against the firearms industry, Texas Attorney General Ken Paxton’s office said, in making a decision that “effectively” to prevent Texas from underwriting most municipal bond offerings in the states. Republicans have stepped up pressure on the financial industry over environmental, social and governance (ESG) investing practices. …

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Exclusive: Former FTX Top Lawyer Helped US Authorities in Bankman-Fried Case

Jan 5 (Reuters) – Former FTX top lawyer Daniel Friedberg cooperated with U.S. prosecutors as they investigate the crypto firm’s collapse, a source familiar with the matter said, adding pressure about founder Sam Bankman-Fried who was arrested for criminal fraud last month. Friedberg gave details about FTX in a Nov. 22 meeting with two dozen …

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Congress report: US FDA broke its own protocols by approving Biogen Alzheimer’s drug

WASHINGTON, Dec 29 (Reuters) – The U.S. Food and Drug Administration failed to follow its own internal guidelines and practices during the approval process for Biogen’s (BIIB.O) drug Aduhelm for Alzheimer’s disease , which was “plagued by irregularities,” according to a congressional report. presented Thursday. The FDA’s interactions with Biogen were “atypical” and did not …

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In the sweltering Bahamas courtroom, Bankman-Fried fights incarceration

NASSAU, Dec 13 (Reuters) – Blocked roads, a stuffy courtroom and numerous delays marked Sam Bankman-Fried’s first public appearance in person since his crypto firm went bankrupt. The Bahamian courtroom hearing, which took place over a six-hour period, saw Bankman-Fried, dressed in a suit rather than his typical t-shirt attire, asking for bail for challenge …

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