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China says test-launched ICBM with ‘dummy warhead’ into Pacific

Around The Globe - Wed, 09/25/2024 - 05:13
First public test-launch of missile likely to raise concerns about China's nuclear build-up.

Former FTX executive Caroline Ellison sentenced to two years for fraud

Around The Globe - Wed, 09/25/2024 - 04:31
The former CEO of Alameda Research served as a key prosecution witness against FTX founder Sam Bankman-Fried.

Russia-Ukraine war: List of key events, day 943

Around The Globe - Wed, 09/25/2024 - 04:19
As the war enters its 943rd day, these are the main developments.

Iran’s President Pezeshkian says Tehran ready to improve ties with West

Around The Globe - Wed, 09/25/2024 - 03:46
Iranian leader tellsUN meeting his country is 'ready to engage' on nuclear deal if all participants act 'in good faith'.

Lebanon’s Hezbollah says senior leader killed amid Israeli bombardment

Around The Globe - Wed, 09/25/2024 - 03:17
Lebanese armed group confirms death of Ibrahim Muhammad Qubaisi hours after Israel said he was targeted in air strike.

Marcellus Williams executed in Missouri despite conviction doubts

Around The Globe - Wed, 09/25/2024 - 03:07
The 55-year-old was convicted in 2003 over the killing of Lisha Gayle in what appeared to be a burglary gone wrong.

US charges suspected Trump gunman with attempted assassination

Around The Globe - Wed, 09/25/2024 - 02:00
Ryan Routh was remanded in custody after being charged in a Florida court over incident on Florida golf course.

Former executive gets 2 years in prison for role in FTX fraud

Technology - Wed, 09/25/2024 - 01:16
new york — Caroline Ellison, a former top executive in Sam Bankman-Fried's fallen FTX cryptocurrency empire, was sentenced to two years in prison on Tuesday after she apologized repeatedly to everyone hurt by a fraud that stole billions of dollars from investors, lenders and customers.  U.S. District Judge Lewis A. Kaplan said Ellison's cooperation was "very, very substantial" and "remarkable."  But he said a prison sentence was necessary because she had participated in what might be the "greatest financial fraud ever perpetrated in this country and probably anywhere else" or at least close to it.  He said in such a serious case, he could not let cooperation be a get-out-of-jail-free card, even when it was clear that Bankman-Fried had become "your kryptonite."  "I've seen a lot of cooperators in 30 years here," he said. "I've never seen one quite like Ms. Ellison." She was ordered to report to prison on November 7.  Ellison, 29, pleaded guilty nearly two years ago and testified against Bankman-Fried for nearly three days at a trial last November.  At sentencing, she emotionally apologized to anyone hurt by the fraud that stretched from 2017 through 2022.  "I'm deeply ashamed with what I've done," she said, fighting through tears to say she was "so so sorry" to everyone she had harmed directly or indirectly.  She did not speak as she left Manhattan federal court, surrounded by lawyers.  In a court filing, prosecutors had called her testimony the "cornerstone of the trial" against Bankman-Fried, 32, who was found guilty of fraud and sentenced to 25 years in prison.  In court Tuesday, Assistant U.S. Attorney Danielle Sassoon called for leniency, saying her testimony was "devastating and powerful proof" against Bankman-Fried.  The prosecutor said Ellison's time on the witness stand was very different from Bankman-Fried, who she said was "evasive, even contemptuous, and unable to answer questions directly" when he testified.  Attorney Anjan Sahni asked the judge to spare his client from prison, citing "unusual circumstances," including her off-and-on romantic relationship with Bankman-Fried and the damage caused when her "whole professional and personal life came to revolve" around him.  FTX was one of the world's most popular cryptocurrency exchanges, known for its Superbowl TV ad and its extensive lobbying campaign in Washington before it collapsed in 2022.  U.S. prosecutors accused Bankman-Fried and other executives of looting customer accounts on the exchange to make risky investments, make millions of dollars of illegal political donations, bribe Chinese officials, and buy luxury real estate in the Caribbean.  Ellison was chief executive at Alameda Research, a cryptocurrency hedge fund controlled by Bankman-Fried that was used to process some customer funds from FTX.  As the business began to falter, Ellison divulged the massive fraud to employees who worked for her even before FTX filed for bankruptcy, trial evidence showed.  Ultimately, she also spoke extensively with criminal and civil U.S. investigators.  Sassoon said prosecutors were impressed that Ellison did not "jump into the lifeboat" to escape her crimes but instead spent nearly two years fully cooperating.  Since testifying at Bankman-Fried's trial, Ellison has engaged in extensive charity work, written a novel, and worked with her parents on a math enrichment textbook for advanced high school students, according to her lawyers.  They said she also now has a healthy romantic relationship and has reconnected with high school friends she had lost touch with while she worked for and sometimes dated Bankman-Fried from 2017 until late 2022. 

Video shows huge explosion from Israeli strike south of Beirut

Around The Globe - Wed, 09/25/2024 - 00:20
Surveillance video captured the massive explosion from an Israeli strike on a building in Lebanon’s Saadiyat.

Blinken ignored US assessments that Israel blocked aid to Gaza: Report

Around The Globe - Tue, 09/24/2024 - 23:46
Acknowledging Israel blocked US aid to Palestinians would have triggered a ban on arms transfers to Israel.

Biden urges de-escalation as Israel bombards Lebanon

Around The Globe - Tue, 09/24/2024 - 22:35
US president tells UN General Assembly no one wants to see 'full-scale war' amid fears of worsening regional conflict.

Iranian president says ‘ready to engage’ on nuclear deal

Around The Globe - Tue, 09/24/2024 - 22:30
Iranian President Masoud Pezeshkian told the UN General Assembly that his country is ‘ready to engage’ on the JCPOA.

Trump calls for taking other nations’ companies but lays out few specifics

Around The Globe - Tue, 09/24/2024 - 21:19
Trump said he would cut corporate taxes for companies that produced goods in the US but didn't offer details.

‘Strategic partnership’: US admits Qatar to visa waiver programme

Around The Globe - Tue, 09/24/2024 - 21:17
Move means Qatari citizens will be allowed to travel visa-free to the US for up to 90 days, and vice versa.

Voices of Lebanon: People fleeing for their lives as Israel attacks

Around The Globe - Tue, 09/24/2024 - 21:03
People around the country speak of their fear, their tension and their yearning for home.

‘Disastrous failure’: How Biden emboldened Israel to attack Lebanon

Around The Globe - Tue, 09/24/2024 - 20:56
US failure to end Gaza war and prevent escalation in Lebanon is leading the region to all-out war, analysts say.

Maldivian president condemns Israeli attacks on Al Jazeera

Around The Globe - Tue, 09/24/2024 - 20:53
Maldivian President Mohamed Muizzu condemned Israeli ‘acts of terrorism’ and attacks on journalists.

Maldives leader says Israel must be held to account for ‘genocide’ in Gaza

Around The Globe - Tue, 09/24/2024 - 20:14
Mohamed Muizzu also tells the UNGA that Israel is targeting journalists to cover up its 'crimes' in Gaza and Lebanon.

Palestinian child mourns father killed by Israeli strike

Around The Globe - Tue, 09/24/2024 - 19:50
“Oh God, I have no one but him.” A young Palestinian boy mourned his father who was killed by an Israeli air attack.

Qatari leader condemns ‘blatant aggression’ against Palestinians

Around The Globe - Tue, 09/24/2024 - 19:22
Qatar’s Emir Sheikh Tamim bin Hamad Al Thani has called Israel’s war on Gaza a genocide.

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