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FTX founder Sam Bankman-Fried Agrees to Gag Order With Bail Status in Jeopardy

 FTX founder Sam Bankman-Fried has agreed to a gag order largely preventing him from publicly discussing his case after prosecutors accused him of trying to discredit their star witness, Caroline Ellison.The order still needs to be approved by US District Judge Lewis A. Kaplan, who has summoned the former chief executive officer to appear in court Wednesday. The judge will deal with the “adequacy and continuation” of Bankman-Fried's bail, suggesting his current house arrest could be in jeopardy. According to the proposed…

Supermodel Gigi Hadid Arrested for Carrying marijuana, Later Released on Bail

Supermodel Gigi Hadid found herself in legal trouble when she and her friend were arrested for possession of marijuana during a vacation in the Cayman Islands. On July 10, Gigi, along with her companions, boarded a private jet to the island, only to have their bags flagged during customs inspection. Cayman Marl Road reported that marijuana and related utensils were discovered, leading to their detainment at the Prisoner Detention Center. However, after going through legal procedures, they were released on bail. Both…

Goldman may be trying to bail on Apple Card

Four years after partnering with Apple on the launch of the Apple Card, Goldman Sachs may be eyeing the exits. The Wall Street Journal reports that Goldman is “looking for a way out” of its high-profile deal with Apple, which recently expanded to include savings accounts for Apple Card holders.  The investment banking firm is apparently in talks to offload the partnership to American Express, the WSJ report added, but so far nothing seems to be set in stone, nor is it clear if Apple would…

Montenegro Court Says Terra Founder Do Kwon Should Remain in Jail

Do Kwon has pleaded not guilty to charges he faked passports and tried to leave Montenegro. He’s facing even more serious charges in both the U.S. and South Korea.Photo: Risto Bozovic (AP)It turns out that Do Kwon, the man whose Terra stablecoin led to a $40 billion loss in the crypto industry, won’t get out of jail for a few hundred thousand dollars. On Wednesday, a Montenegrin court nixed an earlier deal to give Kwon bail, meaning the man will have to remain in jail while awaiting trial over allegations he tried to skip

Hasselblad is reportedly the latest camera maker to bail on DSLRs

Hasselblad is reportedly joining Canon and Nikon in phasing out DSLRs. Third-party vendor Capture Integration broke the news, saying on its blog that it received notice that the entire Hasselblad H system lineup is officially discontinued. The move leaves Pentax and Ricoh as the biggest remaining names in the rapidly diminishing DSLR space. Hasselblad hasn’t yet confirmed the news. “While we have been feeling this sting for over the last 18 months with lack of product, today we received official notice that the full…

Failed Terra Founder Do Kwon, Who Avoided Police for Months, Gets Bail

Do Kwon was arrested two months ago for allegedly trying to fly to Dubai with a forged passport. He was allowed a limited release on bail set at $436,000.Photo: Risto Bozovic (AP)Former Terraform Labs CEO Do Kwon, alongside his compatriot and former chief financial officer Han Chong-joon have been on the run from international police for months. They were arrested in Montenegro for allegedly holding two fake passports. None of that was enough to stop the Montenegrin court from offering the pair release on bail for around

Do Kwon’s Lawyers Ask for His Release on $436,800 Bail

Do Kwon, notorious crypto entrepreneur and recent international fugitive, spent months evading arrest—despite claims that he was “not on the run.” Yet now that he’s been detained, his attorneys are hoping for the flitting fugitive’s release on bail. Spoilers of the Week | June 3rdKwon, the founder and CEO of the now-collapsed crypto platform Terraform Labs, was finally apprehended in Montenegro in March. According to the European country’s officials, he was caught attempting to board a flight to Dubai with fellow…

Bail reform law in New York had negligible effect on increases in crime

Credit: Unsplash/CC0 Public Domain Across the United States, legislators and the public have debated the issue of bail reform, which aims to reduce pretrial jail populations by eliminating cash bail. New York State passed legislation in 2019 to limit the use of money bail and expand pretrial release. In a new study, researchers evaluated the effect of the law on state crime rates, considering the effect of the COVID-19…