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Sam Bankman-Fried’s lawyer says FTX investments were not ‘reckless’

Sam Bankman-Fried’s lawyer says FTX investments were not ‘reckless’

By Luc Cohen NEW YORK (Reuters) -FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back against testimony by former executive Nishad Singh portraying its spending on marketing and celebrity endorsements as excessive. Singh, FTX’s former engineering chief, testified for a second straight day at…

Tunisia president sacks the economy minister over statement about IMF

Tunisia president sacks the economy minister over statement about IMF

TUNIS (Reuters) – Tunisian President Kais Saied on Tuesday sacked Economy Minister Samir Saied after fresh statements that a deal with the International Monetary Fund (IMF) would be vital for obtaining other foreign financing. The president strongly opposes what he described as the dictates of the IMF, saying that the IMF is ‮”‬not sacred‮”‬ and…

Former Fresno Hells Angel president accused of illegally cremating 4 missing persons

Former Fresno Hells Angel president accused of illegally cremating 4 missing persons

FRESNO, Calif. (KSEE/KGPE) – A former president of the Fresno chapter of the California motorcycle club Hells Angels is allegedly involved in arranging an illegal cremation of four other members, according to a sentencing memorandum filed to the San Francisco division of the U.S. District Court first reported by Mercury News.Merl Hefferman, 54, was set…