Fashion brand Gucci and other big multinationals claim they managed to meet their main climate target within a few years: emitting less CO2 . That sounds nice – but it’s not actually true, Follow the Money found.

FTX sues Bankman and Fried to claw back millions "siphoned" from crypto firm.

Collapsed cryptocurrency exchange FTX made transfers of about $3.2 billion to its founder Sam Bankman-Fried and key employees, according to court filings seen by Bloomberg and the Financial Times. The funds were moved in the form of “payments and loans”, mainly from trading house Alameda Research, and include about $2.2 billion transferred to Mr Bankman-Fried, the filings submitted to the bankruptcy court in Delaware by the new management of FTX showed on Wednesday.

Disgraced FTX cofounder Sam Bankman-Fried was extradited to the US this month after being hit with eight criminal charges.

FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison have both pleaded guilty to federal charges, the U.S. attorney for the Southern District of New York, Damian Williams, said Wednesday.

Sam Bankman-Fried told Bloomberg in April that years down the road, he'd subsist on $100,000 a year — that's it. He'd keep a small percentage of the billions he had generated from his cryptocurrency empire and donate the rest. Bankman-Fried billed himself as an effective altruist, a person who would rack up stacks of money — or coins— to one day put it all toward the betterment of the world.

The SEC has filed charges against former FTX CEO Sam Bankman-Fried, the securities regulator said in a doc released Tuesday. The SEC accused SBF of orchestrating a years-long scheme to defraud investors who committed nearly $2 billion to the fallen crypto exchange.

FTX's Sam Bankman-Fried is willing to testify before the U.S. House Committee on Dec. 13, the cryptocurrency exchange's founder said in a tweet on Friday, as regulators investigate his role in the wake of its collapse.

Rental car giant Hertz Global Holdings announced Monday it would pay $168 million to settle 364 claims that it erroneously filed criminal reports against customers who did not return vehicles on time. In February, CBS News reported that Hertz was facing claims from hundreds of customers who said they were falsely arrested for auto theft. The arrests stemmed from thousands of criminal complaints the company files each year, CBS News said.

FTX’s founder said he couldn’t explain what happened to billions of dollars that customers of his failed cryptocurrency exchange sent to the bank accounts of his trading firm.

Though the real world impacts of FTX’s spectacular crash have yet to fully settle, Amazon’s reportedly moving forward with a miniseries about the bankrupt crypto exchange and its infamous former CEO Sam Bankman-Fried

There are some huge tremors on the ground in the wake of FTX’s bankruptcy filing. The crypto exchange’s collapse has uncovered a massive scandal involving the CEO, his gambling penchant, and prominent names in the celebrity space.

Online verification through ID.me was supposed to help the Internal Revenue Service (IRS) prevent widespread fraud while rushing unemployment benefits to those who needed it most during the pandemic. Instead, wait times to get verified for some stretched up to 10 hours, and in one case in California, actually took three days.

Investors have withdrawn 220K bitcoins from crypto exchanges in the week after the fall of FTX, according to data by Coinglass. The demise of Sam Bankman-Fried’s $32 billion crypto empire has affected not only crypto prices but seemingly investors’ confidence in centralized exchanges (CEX).

More than three years after Manhattan prosecutors started investigating Donald Trump — after going to the Supreme Court twice to gain access to his tax records — the only criminal trial to arise from their efforts is about to begin. No, the former president isn’t going on trial. His company is.

During a House of Representatives hearing on Wednesday, United States Congresswoman Katie Porter (D-California) grilled Mike Konczal, the director of Macroeconomic Analysis at the Roosevelt Institute, over the primary cause of inflation in the post-COVID-19 economy.

Interpol has issued a red notice for Do Kwon, requesting law enforcement agencies worldwide to search and arrest the Terraform Labs founder whose blockchain startup collapsed earlier this year. The collapse of Terra cryptocurrency (Luna) and the so-called stablecoin TerraUSD (UST) wiped out investors’ $40 billion, prompting an uproar that caused the prosecutors to launch investigations into Kwon and his colleagues. He faces charges in South Korea, the prosecutors said Monday.

Donald Trump’s longtime finance chief is expected to plead guilty as soon as Thursday in a tax evasion case that is the only criminal prosecution to arise from a long-running investigation into the former president’s company, three people familiar with the matter told the Associated Press. Allen Weisselberg, CFO of the Trump Organization, was scheduled to be tried in October on allegations he took more than $1.7m in off-the-books compensation from the company, including rent, car payments and school tuition.

Kim Kardashian is among three celebrities being sued by investors in the EthereumMax crypto-currency. Other defendants include boxer Floyd Mayweather Jr, basketball player Paul Pierce, and the currency's creators. The legal action alleges the celebrities collaborated with EthereumMax to "misleadingly promote and sell" the crypto-currency.

Amazon has been repeatedly accused of knocking off products it sells on its website and of exploiting its wealth of internal data to promote its own merchandise at the expense of other sellers. And now, we have proof.