Hacker NewsNov 21, 2023
OpenAI investors considering suing the board after CEO's abrupt firing
https://www.reuters.com/technology/openai-investors-considering-suing-board-after-ceos-abrupt-firing-sources-2023-11-20/
#ycombinator #EF_TECHNOLOGY_DISRUPTED #NRLPA_OSEC #EREP #ANLINS #ARTI #BACT #BIZ #BOSS1 #CLJ #CMPNY #EXCLSV #GEN #ITEC #JUDIC #MNGISS #NEWS1 #PPLMOV #PRIVT #PUBL #SCI #SOFW #SOFW1 #SWIT #TECH #TECH08 #TMT #AMERS #NAMER #LEGAL #REUTERS_LEGAL #FIN #MAN #NRLPA_OCOG #MTPIX #BISV #BISV08 #FINS #FINS08 #FUND #INVBIS #INVM #INVS08 #PVE #NRLPA_OEMP
Exclusive: OpenAI investors considering suing the board after CEO's abrupt firing

Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the directors ousted CEO Sam Altman and sparked a potential mass exodus of employees.

Reuters
 Hacker NewsOct 18, 2023
Bank of America's unrealized losses on securities rose to $131.6B
https://www.reuters.com/business/finance/bank-americas-unrealized-losses-securities-rose-1316-bln-2023-10-17/
#ycombinator #NRLPA_OSEC #BACT #BISV #BISV08 #BIZ #BNK #BNKS #BNKS1 #BSVC #CDM #CMPNY #DBT #FIN #FINS #FINS08 #IGD #INVBIS #INVBR #INVBR1 #INVM #INVS08 #LOA #PUBL #RES #WLTH #WLTH08 #AMERS #NAMER #MTPIX #PXP #TOPNWS #CEN #ECO #INT #MCE #RESF #TOPCMB #LEGAL #REUTERS_LEGAL
Bank of America's unrealized losses on securities rose to $131.6 bln

Bank of America <a href="https://www.reuters.com/markets/companies/BAC.N" target="_blank">(BAC.N)</a> reported unrealized losses of $131.6 billion on securities in the third quarter, growing from the second quarter, but the bank does not expect the portfolio will generate actual losses in the long-term.

Reuters
 Hacker NewsAug 15, 2023
Bankman-Fried used $100M in stolen FTX funds for political donations, US says
https://www.reuters.com/legal/bankman-fried-used-customer-funds-100-mln-us-political-donations-prosecutors-say-2023-08-14/
#ycombinator #NRLPA_OCRIM #CLJ #CRIM #CRYCUR #FRX #GEN #JUDIC #NEWS1 #POL #AMERS #NAMER #LEGAL #REUTERS_LEGAL #MTPIX #BISV #BISV08 #FIN #FINS #FINS08 #FRAUD1 #FUND #TOPNWS #INVBIS #INVS08 #VOTE #NRLPA_OWCC #SCAM1 #TOPCMB #WASH #NRLPA_OSEC #INVM #LOBBY #RSBI_POLITICAL_LOBBYING #SUSTAINABLE_BUSINESS
Bankman-Fried used $100 mln in stolen FTX funds for political donations, US says

Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday.

Reuters
 Hacker NewsJul 13, 2023
Founder of crypto lender Celsius Network arrested, charged with fraud
https://www.reuters.com/markets/us-sec-sues-celsius-network-its-founder-2023-07-13/
#NRLIN_OTECH #EF_BUSINESS_FUTURE_OF_MONEY #BACT #BIZ #BLR #CMPNY #CRYCUR #FRX #NEWS1 #AMERS #NAMER #NRLPA_OSEC #NRLPA_OLIT #LEGAL #REUTERS_LEGAL #TOPNWS #BKRT #BLKCC #BLKCC1 #CDM #CLJ #CORPD #DBT #DBTR #FTECH #GEN #JUDIC #PRIVT #TECH #TECH08 #TMT #WEU #EUROP #RSBI_LITIGATION #BISV #BISV08 #CASE1 #FIN #FINS #FINS08 #INVBIS #INVS08 #MNGISS #TOPCMB #CRIM #FRAUD1 #PXP #SCAM1 #INVM
Founder of crypto lender Celsius Network pleads not guilty to fraud charges

Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, pleaded not guilty Thursday to U.S. fraud charges that he misled customers and artificially inflated the value of his company's propriety crypto token.

Reuters