A US court sentences Praetorian Group CEO Ramil Ventura Palafox to 20 years in prison for operating a $200M bitcoin Ponzi scheme that defrauded 90K+ investors
Quick Take — Praetorian Group International CEO, Ramil Ventura Palafox, was sentenced to 20 years in prison for operating a $200 million bitcoin Ponzi scheme.
A US judge sentences William Lonergan Hill, who co-founded crypto mixer Samourai Wallet, to four years in prison for laundering $200M+ in illegal transactions
Miles J. Herszenhorn / Bloomberg :
The two Samourai Wallet cryptocurrency mixer co-founders plead guilty to operating a money transmitting business that laundered $200M+ in criminal proceeds
Sergiu Gatlan / BleepingComputer :
A US jury finds Tesla partially liable for Autopilot's role in a fatal 2019 crash in Florida, and orders the company to pay $243M in damages
Awards $329 Million In Damages Aarian Marshall / Wired : Tesla Found Partly Liable in 2019 Autopilot Death Ian Carlos Campbell / Engadget : Tesla found partially liable for a deadly 2019 crash Cassand...
SCOTUS rejects ISPs' challenge to a New York law requiring ISPs to offer $15 or $20/month services to low-income users by not revisiting a lower court ruling
Jon Brodkin / Ars Technica :
US FEC post-election filings: Elon Musk gave $239M to America PAC, $20.5M to the RBG PAC, $10M to the Senate Leadership Fund, $3M to the MAHA Alliance, and more
SpaceX, which has 250K Starlink clients in Brazil, told Brazil's telecom agency it would not comply with orders to block X until its frozen assets were released
Starlink refuses to comply Jim Hᴏft / The Gateway Pundit : X/Twitter Exposes Brazil Supreme Court Justice Alexandre de Moraes' Crimes, Human Rights Violations, and the Dark Truth Behind Social Media B...
A US district judge in Texas strikes down the FTC's ban on worker noncompete agreements, due to start September 4, after temporarily blocking the rule in July
Potential $400B Earnings Boost For Workers Over Next Decade Blocked Ben Werdmuller / Werd I/O : The FTC's noncompete agreements ban has been struck down Todd Spangler / Variety : Judge Strikes Down FT...
Former Twitter board member Omid Kordestani, who helped oversee the sale of the company to Elon Musk, sues X for failing to cash out $20M+ worth of stock
Kordestani, who joined Twitter's board in 2015 & helped oversee the sale of the company to Musk in 2022, received most of his compensation in stock. … Forums: r/law : Former Twitter Board Member Sues ...
Filing: FTX argues it should pay the IRS a $200M priority tax claim and a $685M subordinated claim; the IRS said FTX owed $44B in taxes then revised it to $24B
MK Manoylov / The Block :