Crypto exchange has substantial ‘missing’ assets, FTX lawyer says
FTX attorney James Bromley described the company as “run by inexperienced and unsophisticated individuals,” adding that “some or all of them were also compromised individuals.”
FTX attorney James Bromley described the company as “run by inexperienced and unsophisticated individuals,” adding that “some or all of them were also compromised individuals.”
The revelations, which came in a filing to U.S. Bankruptcy Court in Delaware late Saturday, offer a striking portrait of the sheer number of entities that had considerably invested in, loaned money to or otherwise engaged with the three-year-old company.
The list of employees being eliminated includes personnel in management, finance, facilities, recruitment, marketing, technology and strategy.
Buying life insurance is not fun. It requires you to formally acknowledge your mortality, relinquish a few vials of blood, and part with dozens of dollars each month.
Rather than submitting legitimate vendor expenses, Carla Burke allegedly issued 312 checks to herself totaling $976,773. Investigators said she used the stolen funds for her own personal expenditures, including gambling at several casinos.
Tens of millions of small U.S. companies will soon be required to provide the government with details on their owners and others who benefit from them
The lawsuit was filed in federal court in Indiana, one of several states that plan to tax any student debt canceled by President Biden’s plan.
Led by CEO Peter Dunn, also known as “Pete the Planner,” Your Money Line says it will use the funding to further develop its financial wellness software platform and more than double the size of its staff.
Host Mason King has a 6-year-old with a keen interest in money, so he has turned to Pete—has two kids, ages 10 and 13—for his advice in this week’s edition of the podcast.
From the Silent Generation to the GenZers, every demographic group is facing challenges to comfortable retirements.
The red-hot tech industry is cooling down, and local industry insiders say they’re preparing for a landscape in which venture funding may be harder for companies to secure.
While seniors can’t directly affect the inflation rate, there are ways to minimize the shadow it casts over their retirement.
Just one lower appraisal could affect the cumulative wealth of an entire community, according to a new Biden administration report on the causes, extent and consequences of property misvaluation.
Jason Osterhage mostly recently was executive vice president and chief operating officer for Texas Dow Employees Credit Union in Houston.
He’s the CEO of Indianapolis-based Sarson Funds, which offers cryptocurrency-focused investments to financial advisers and accredited investors. He spoke to IBJ recently—not from his office, but from what he calls the firm’s “secret location,” a house in Carmel where staffers build computers and do crypto mining.
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average has spiked in the last six weeks to 3.92%.
The S&P 500 index advanced 1.9%, reclaiming some of its January losses but still closing down nearly 5.9% in its worst monthly performance since March 2020. And the tech-heavy Nasdaq, still down 10% for January, climbed 3.4%, boosted by investors looking to buy the dip.
“When things get rocky, we want to protect ourselves,” Kim tells host Mason King. “We are thinking: Don’t just sit there, do something. And I will tell you: Doing something is the wrong thing to do.”
Interest rates will remain at 0% during that period, and debt collection efforts will be suspended. Those measures have been in place since early in the pandemic, but were set to expire Jan. 31.
The first rule of discretionary spending is to make the category discretionary, not the amount. Living a “no limit” lifestyle is the aspiration for many, but it’s unhealthy and wasteful.