NYCB targeted class action lawsuit
NYCB faces class-action lawsuit over securities fraud allegations. Bank's shares tumble 60% after Moody's downgrades credit rating to "junk."
Risk management News & Breaking Stories
'George Norcross: New Jersey Power Broker Removed from Eagles Game Audience for Flying Israeli-American Flag'
Power broker George Norcross reportedly kicked out of Eagles game for flying Israeli flag. Incident caught on camera.
Sam Bankman-Fried: Unraveling the Story of the Convicted Fraudulent Ex-Crypto Mogul
Sam Bankman-Fried, founder of cryptocurrency exchange FTX, has been convicted of one of the biggest financial frauds in US history. Bankman-Fried, who amassed a net worth of $26 billion before turning 30, used his wealth to gain political influence and hired celebrities to promote FTX as safe. However, prosecutors claim that his responsible image was a cover for embezzling customer funds. Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy.
Alameda's Secret Backdoor Discovered Months Prior to FTX Collapse: Report | FTX Sam Bankman-Fried (SBF)
FTX employees in the US reportedly found a hidden backdoor favoring Alameda Research months before FTX's collapse.
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