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Caroline Ellison, former CEO of Alameda Research and key witness in the FTX fraud case, was sentenced to two years in prison for her role in a scheme that defrauded investors and customers of billions. Her cooperation with prosecutors led to a lenient sentence despite the severity of the crimes. She is set to report to prison on November 7, 2024.
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New York City Mayor Eric Adams has been indicted on federal charges, including bribery and wire fraud. The indictment, unsealed on September 26, 2024, accuses him of accepting illegal campaign contributions and luxury gifts from foreign nationals, particularly Turkish officials, during his tenure as mayor and borough president. This marks a historic moment as he becomes the first sitting mayor to face such charges.
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New York City Mayor Eric Adams has been indicted on five federal charges, including bribery and wire fraud, making him the first sitting mayor to face such allegations. Prosecutors claim he accepted over $100,000 in luxury travel perks from foreign nationals, including Turkish officials, in exchange for political favors. Adams has pleaded not guilty and vowed to fight the charges.