Tag: stock market project example

Sam Bankman-Fried sentenced to 25 years for defrauding FTX investors

by Isna

FTX co-founder Sam Bankman-Fried will serve 25 years in prison after being convicted of defrauding his customers, investors, and lenders.

The man who presided over the largest crypto collapse in history received his sentence Thursday in a Manhattan federal court from US Judge Lewis Kaplan, who presided over Bankman-Fried’s trial last fall.

He faced up to 110 years. Prosecutors argued for a sentence of 40 to 50 years, while Bankman-Fried’s lawyers asked for six and a half years.

Sentences for white collar crimes have varied in recent years, from 150 years for Bernard Madoff to 11 years for Elizabeth Holmes.

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British International Investment extends $100 million finance facility to TDB to support trade and food security in Africa

by Isna
  • The facility will support businesses and financial institutions to increase trade finance activities in Africa.
  • Better access to trade finance will support the flow of vital goods and services.
  • This includes agricultural goods such as fertilisers, seeds and machinery which will help address food security issues in Africa.

British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, today announced a US$ 100 million finance facility with the Eastern and Southern African Trade and Development Bank (TDB). The investment is designed to strengthen economic resilience in the region by supporting essential trade finance activities, fostering agricultural development

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