Day: November 5, 2023

Written by FinCrime

Sam Bankman-Fried won’t be the last crypto mogul behind bars

Reported by LIONEL LAURENT Justice has been served — and swiftly, too. A jury found fallen crypto mogul Sam Bankman-Fried guilty of seven counts of fraud and conspiracy after just five hours of deliberation, markedly less time than it took for jurors to puzzle over Elizabeth Holmes’ Theranos scandal or Raj Rajaratnam’s insider trading at […]

Written by FinCrime

Owner of Brooklyn construction business in Eric Adams FBI campaign probe bought $2.1M apartment, flashes trips to Japan and Greece

Reported by Matthew Sedacca and Rich Calder A co-owner of the Brooklyn construction company being scrutinized by the feds as part of a larger probe into Mayor Eric Adams’ fundraising has long flaunted a lavish, jet-setting lifestyle. Erden Arkan, the globe-trotting 74-year-old owner of KSK Construction Group in Williamsburg, regularly posts dispatches with his wife Itir on […]