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The Latest Breaking News from Alameda

US Seeks Recovery Of Millions In Crypto Linked To SBF's Alleged Chinese Officials Bribe

The U.S. has filed a legal complaint to recoup over $17 million in various cryptocurrencies linked to Sam Bankman-Fried's alleged bribery of Chinese officials in 2021.

International Business Times

Alameda County District Attorney Pamela Price Recalled After Backlash

Alameda County District Attorney Pamela Price recalled for alleged soft-on-crime approach. Backlash led by Save Alameda for Everyone (SAFE) with 64.8% vote.

Top News

California prosecutors used anti-gay slurs to refer to prospective jurors

Handwritten notes show Alameda county DA’s office prosecutors using homophobic labels

The Guardian - US

Collapsed FTX exchange plans to repay investors - this could be a fresh start for crypto

Collapsed cryptocurrency exchange FTX recently announced that the majority of creditors who lost money in its bankruptcy scandal will be repaid their missing funds. This has become possible now – 18 months after the business filed for bankruptcy – because FTX and sister company Alameda Research have raised cash by…

The Conversation

California county to review 35 death penalty cases after judge cites ‘pattern of misconduct’

Alameda county district attorney’s office said it unearthed records suggesting prosecutors deliberately excluded Jewish and Black jurors from capital trials

The Guardian - US

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California officers charged in killing of man held face-down for five minutes

Involuntary manslaughter charges in 2021 death of Mario Gonzalez announced by Alameda county district attorney Pamela Price

The Guardian - US

California city to pay $11m to family of man killed by police in asphyxia case

Officers restrained Mario Gonzalez in a prone position as he struggled to breathe and blamed his death on drug use

The Guardian - US

How Sam Bankman-Fried’s ex-girlfriend helped topple the crypto king

Sam Bankman-Fried is staring down 25 years behind bars after he was convicted on all charges at his fraud trial. His former girlfriend – and accomplice – Caroline Ellison played a key role in bringing him down. Martha McHardy reports

The Independent UK

From crypto king to convicted fraudster: Sam Bankman-Fried’s spectacular fall from grace

The once-hailed ‘boy wonder’ of the crypto industry rose to prominence after founding trading firm Alameda Research in 2017 at the age of 25. So what went wrong? Bevan Hurley looks back at Bankman-Fried’s remarkable rise – and even more dramatic fall as he begins his 25-year prison sentence

The Independent UK

Sam Bankman-Fried found guilty of defrauding FTX customers out of billions

The prosecutor said that ‘while the cryptocurrency industry might be new … this kind of corruption is as old as time’

The Guardian - US

Here are 3 of the most damning documents in the trial of Sam Bankman-Fried, according to the prosecution’s final rebuttal

The jury is set to deliberate Thursday afternoon after the judge instructs them on how to weigh the evidence.

Fortune

Closing arguments next in FTX founder Sam Bankman's fraud trial after his testimony ends

FTX founder Sam Bankman-Fried has undergone a final barrage of questions from a prosecutor aimed at showing that he's not being honest about how $8 billion of his customers' funds disappeared, setting the stage for final arguments

The Independent UK

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The Guardian - US

Notorious US jail accused of ‘unconscionable failure’ after man’s ‘slow, torturous death’

Family sues after Maurice Monk was left face-down in a cell for three days at Santa Rita, one of the largest jails in the country

Fortune

Behind the scenes of week 2 of Sam Bankman-Fried’s trial

Caroline Ellison testified about bribery, FTT, Thai prostitutes, and her surprisingly small equity package.

Fortune

An Alameda employee connected to China objected to Sam Bankman-Fried’s alleged bribery scheme. He told her to ‘shut the f*** up’

Caroline Ellison testified this week that Sam Bankman-Fried gave the order to bribe Chinese officials to the tune of $150 million.

The Guardian - US

Bankman-Fried’s lawyers cast Caroline Ellison as architect of FTX collapse

Defense team suggests Ellison let heartbreak impede business communications on third day of her testimony

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Fortune

Caroline Ellison’s latest testimony included utilitarianism, Saudi money, Thai prostitutes, and ended in tears: ‘The worst week of my life’

“Rules like 'don’t lie' or 'don’t steal' didn’t fit in that framework,” the former Alameda CEO said of Sam Bankman-Fried’s utilitarianism.

Fortune

FTX cofounder Gary Wang says he took out $200 million to $300 million in loans from Alameda Research for investments he couldn’t ‘recall’

Interest payments for the loans became so cumbersome that Wang took out a loan just to pay for them.

Fortune

Everything we learned from week 1 of Sam Bankman-Fried’s trial

Cofounder Gary Wang and venture capitalist Matt Huang have already taken the stand.

Fortune

Bankman-Fried’s trial enters week 2: What’s happened so far, and what to expect when his ex takes the stand

Ellison is the former CEO of Alameda Research, Bankman-Fried’s ex-girlfriend, and the prosecution’s star witness.

The Independent UK

Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange's co-founder tells jury

Sam Bankman-Fried authorized the illegal use of FTX customers’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days, FTX’s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of…

Fortune

Sam Bankman-Fried wanted to shut down trading firm Alameda weeks before FTX bankruptcy, says co-founder Gary Wang

FTX cofounder and childhood friend Gary Wang took the stand and admitted to the crypto empire’s crimes.

The Guardian - US

Sam Bankman-Fried trial: what is he accused of and does he face prison time?

The key facts in the case against the former cryptocurrency whiz over fraud, political donations and the collapse of FTX

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