Ryan Sasson built a business that reaped hundreds of millions of dollars in fees for helping people negotiate down their debts. But former clients — and prosecutors — say it was exploitative.
Category: Decisions and Verdicts
Real Estate Giant China Evergrande Will Be Liquidated
After multiple delays and even a few faint glimmers of hope, a Hong Kong court has sounded the death knell for what was once China’s biggest real estate firm.
Spirit Airlines Is on Shaky Footing After Judge Blocks JetBlue Deal
Some investors and analysts said the airline might have to seek bankruptcy protection if it couldn’t find another buyer.
Google Loses Court Fight Over App Store With Makers of Fortnite
The case could reshape the rules of how other businesses can make money on the Android operating system.
Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy
The case against the founder of the failed FTX exchange had come to symbolize the excesses of the volatile cryptocurrency industry.
Sam Bankman-Fried Denies Knowing FTX Money Was Missing, as He Concludes Testimony
The founder of the FTX crypto exchange was grilled by a federal prosecutor for a second day, just before both sides rested their case in the criminal fraud trial.
Sam Bankman-Fried Testifies That He Made ‘Larger Mistakes’ at FTX
Speaking in his own defense at his criminal trial, the FTX founder denied he had committed fraud but acknowledged missteps that hurt the cryptocurrency exchange’s customers.
Court Ruling Clears Path for Microsoft to Buy Activision
Microsoft could now complete its purchase of the video game giant as soon as this month, but it is still blocked from closing in Britain.
Federal Judge Limits Biden Officials’ Contacts With Social Media Sites
The order came in a lawsuit filed by the attorneys general of Missouri and Louisiana, who claim the administration is trying to silence its critics.