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Sam Bankman-Fried and the FTX collapse, explained

It’s a collapse that some have called crypto’s “Lehman moment.” The bankruptcy of the crypto giant FTX and the resignation of its founder, Sam Bankman-Fried, has left customers in limbo and investors writing off what once looked like the next big thing in tech. And it happened in a matter of days. But in the …

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Fugitive California couple convicted in massive Covid fraud extradited to the U.S.

A California couple who fled the country after being convicted in a multimillion-dollar Covid relief scam have been extradited from Montenegro, the Justice Department said Friday.  Richard Ayvazyan, 44, and his wife, Marietta Terabelian, 38, arrived in Los Angeles on Thursday, approximately nine months after they were captured in the small, mountainous country in southeastern Europe. They …

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