2026-02-11
Look who has filed SBF's pro se motion for a new trial: Professor Barbara H. Fried of Stanford. Inner City Press story coming with 35 page motion [image]
Bloomberg
Sam Bankman-Fried, who is serving 25 years for fraud, files a long-shot request for a retrial, claiming new witness testimony may refute the prosecution's case
2025-10-15
Update: photos from EDNY indictment of Chen Zhi of Prince Group: forced workers tied up on the ground, rack of phones used in “pig butchering” crypto scam of the type sketched in US v Roman Storm, book https://www.amazon.com/... [Still waiting for Dragonfly unsealing [image]
CNBC
The US DOJ seizes ~$15B in bitcoin held in wallets owned by a man who oversaw a “pig butchering” operation in Cambodia, in the DOJ's largest ever forfeiture
The Department of Justice has seized about $15 billion worth of bitcoin held by a man who oversaw a massive “pig butchering” …
2025-09-30
Javice: I am asking forgiveness from the shareholders of JPMorgan Chase. To every Frank employee or investor who was stained by proximity to me, I ask forgiveness. To every student or family that depended on Frank, I ask for your forgiveness.
CNBC
A US judge sentences Frank founder Charlie Javice to 85 months in prison for defrauding JPMorgan Chase by overstating how many customers the fintech company had
OK - Charlie Javice sentencing at SDNY. Inner City Press covered the trial and wrote the book Fintech Fraudster https://www.amazon.com/... and will live tweet, thread below [image]
CNBC
A US judge sentences Frank founder Charlie Javice to 85 months in prison for defrauding JPMorgan Chase by overstating how many customers the fintech company had
Another Javice lawyer: Frank was a real company, it had value, it could have had value to JPMorgan. This court should follow Judges Swain and Rakoff and not apply any enhancement. AUSA Micah Fergenson: The acquisition for $175 million, the loss was $174 million.
CNBC
A US judge sentences Frank founder Charlie Javice to 85 months in prison for defrauding JPMorgan Chase by overstating how many customers the fintech company had
2025-08-12
All rise! Judge Paul A> Engelmayer: I understand your client wishes to plead guilty to Counts 1 and 4 - is that correct? Do Kwon's lawyer Patton: Yes. Judge; Mr. Kwon? Do Kwon: Yes, Your Honor.
Bloomberg
In US court, Terraform Labs co-founder Do Kwon says he will plead guilty to charges of conspiracy and wire fraud under an agreement with prosecutors
Terraform Labs Pte. co-founder Do Kwon pleaded guilty to charges in a US fraud prosecution tied to the $40 billion collapse of the TerraUSD stablecoin in 2022.
2025-08-07
Final: US v. Roman Storm verdicts: Conviction on onspiracy to run an unlicensed money transmittal business. No unanimity on conspiracy to commit money laundering nor on conspiracy to violate North Korea sanctions. Book 1: https://www.amazon.com/... Book 2 coming...
Bloomberg
A US jury finds Tornado Cash co-founder Roman Storm guilty of conspiring to run an unlicensed money-transfer operation that laundered $1B+ via Tornado Cash
Bloomberg :
2025-01-09
Judge: There are cases it takes a long time to crack the phone. It's begun? AUSA: Yes. Judge: This is daunting. Where is the defendant being held? AUSA: I can say- Judge: No need to put it on the record [Do Kwon is in the yellow associated with Essex NJ jail]
CoinDesk
Do Kwon's criminal fraud trial in the US is scheduled for January 2026; prosecutors expect challenges accessing encrypted devices and translating communications
After the collapse of the crypto firm Terraform Labs, Inner City Press covered … Naga Avan-Nomayo / crypto.news : Do Kwon's fraud trial scheduled for 2026 Estefano Gomez / Crypto B...
Judge: Trial starting January 26, 2026, then. I'll give you one week to ask for earlier or the ship will sail. For a next conference date, how about eight weeks from now, with an update a week before. Let's meet March 6, with a letter on Feb 27.
CoinDesk
Do Kwon's criminal fraud trial in the US is scheduled for January 2026; prosecutors expect challenges accessing encrypted devices and translating communications
After the collapse of the crypto firm Terraform Labs, Inner City Press covered … Naga Avan-Nomayo / crypto.news : Do Kwon's fraud trial scheduled for 2026 Estefano Gomez / Crypto B...
Judge: To what degree will foreign languages slow us down? Do Kwon's lawyer: They will. We were focused on the de-peg. Judge: But you had the charging language of 1 through 8 Do Kwon's lawyer: It was not a speaking indictment
CoinDesk
Do Kwon's criminal fraud trial in the US is scheduled for January 2026; prosecutors expect challenges accessing encrypted devices and translating communications
After the collapse of the crypto firm Terraform Labs, Inner City Press covered … Naga Avan-Nomayo / crypto.news : Do Kwon's fraud trial scheduled for 2026 Estefano Gomez / Crypto B...
OK - now at US v. Do Kwon status conference, Inner City Press is covering the case https://www.patreon.com/... and will live tweet, thread below [image]
CoinDesk
Do Kwon's criminal fraud trial in the US is scheduled for January 2026; prosecutors expect challenges accessing encrypted devices and translating communications
After the collapse of the crypto firm Terraform Labs, Inner City Press covered … Naga Avan-Nomayo / crypto.news : Do Kwon's fraud trial scheduled for 2026 Estefano Gomez / Crypto B...
2025-01-03
OK - now in courtroom for US v. Do Kwon presentment after his extradition in from Montenegro for Terraform crypto fraud - Inner City Press will cover the case(s) https://www.patreon.com/... and live tweet, thread below [image]
Bloomberg
Terraform Labs co-founder Do Kwon pleads not guilty before a US federal judge in New York to nine counts, including wire fraud, over the $40B TerraUSD collapse
- Kwon was extradited from Montenegro earlier this week — He is also facing fraud prosecution in his native South Korea
[Do Kwon is flipping through the superseding indictment - then tutns to his second lawyer] Judge: How do you plead? Not guilty [through counsel Chesley who adds, We consent to detention without prejudice
Bloomberg
Terraform Labs co-founder Do Kwon pleads not guilty before a US federal judge in New York to nine counts, including wire fraud, over the $40B TerraUSD collapse
- Kwon was extradited from Montenegro earlier this week — He is also facing fraud prosecution in his native South Korea
On Do Kwon, 3 hours after arraignment Inner City Press live tweeted, now quote by AG Garland: “Do Kwon will now be held accountable in an American courtroom... We secured this extradition despite Kwon's alleged attempt to cover his tracks by laundering proceeds”
Bloomberg
Terraform Labs co-founder Do Kwon pleads not guilty before a US federal judge in New York to nine counts, including wire fraud, over the $40B TerraUSD collapse
- Kwon was extradited from Montenegro earlier this week — He is also facing fraud prosecution in his native South Korea
2024-11-20
#breaking: FTX coder turned cooperator Gary Wang has just be sentenced to “time served” - no jail time. Inner City Press live tweeted it below Judge Kaplan: If this wasn't the biggest financial fraud in US history, it was certainly among the biggest 2 or 3.
The Block
A US judge sentences FTX co-founder Gary Wang to “time served”, meaning no jail time; Wang pleaded guilty in December 2022 to fraud charges after FTX collapsed
- Gary Wang pleaded guilty in December 2022 to fraud-related charges following the collapse of FTX a month earlier.
2024-10-31
Judge Kaplan: Your cooperation has been remarkable. You are a very important cooperator. It has contributed to an appropriate outcome all around. Caroline Ellison got credit, but you deserve more. I sentence you to time served, 3 years supervised release
New York Times
Former FTX chief engineer Nishad Singh avoids prison time over his role in the collapse of FTX, after a US judge lauded his cooperation with prosecutors
New York Times :
2024-09-25
FTX: Bankman-Fried got 25 years and is in MDC (with Sean Combs and Honduras JOH); Caroline Ellison of Alameda was just sentenced to 2 years, minimum security. Inner City Press story coming, #CryptoCriminal book below
The Verge
A look at Caroline Ellison's motivations in the FTX fraud, including her relationship with SBF; the judge said he had “never seen” a cooperator like Ellison
The story of Sam Bankman-Fried was obvious enough: a Shakespearean level of arrogance that led to tragedy.
FTX: Bankman-Fried got 25 years and is in MDC (with Sean Combs and Honduras JOH); Caroline Ellison of Alameda was just sentenced to 2 years, minimum security. Inner City Press story coming, #CryptoCriminal book below
Axios
Caroline Ellison, a key witness in prosecuting FTX cofounder and ex-boyfriend Sam Bankman-Fried, is sentenced to two years in prison for her role in the scandal
Brady Dale / Axios :
2024-08-25
On DOJ antitrust case against RealPage for helping landlords collude to raise rents, official we'll leave unnamed just deployed smoking-gun quote from their complaint in North Carolina federal court, below, threadette below that [image]
Bloomberg
The US DOJ sues RealPage, alleging its software helps property managers collude to drive up rental prices on millions of units, violating antitrust law
- Prosecutors allege software drives up prices on rental units — Company says rent software uses anonymous, aggregated data
2024-06-13
Crypto in the courts: the Terraform / Do Kwon proposed judgment (for $4,473,828, 306) has been filed today @SDNYLIVE. Inner City Press will stay on the case(s) [image]
Bloomberg
Terraform Labs agrees to pay $4.47B to resolve an SEC lawsuit, after a jury in April 2024 found the company and Do Kwon liable for fraud following a civil trial
Bloomberg :