Convicted Billionaires

For big donors, the light had drained a bit from Trump's powerful aura in the wake of the chaos surrounding his 2020 loss at the polls to Joe Biden.

Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion (roughly Rs. 66,678 crore) from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.

FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace.

Samsung boss Lee Jae-Yong received a presidential pardon in the cases which convicted him of corruption on economic grounds. The billionaire is given a chance to "contribute to overcoming the economic crisis" of the country. Lee will now be allowed to fully return to work as his five-year post-prison employment restriction has been lifted.

The heir and de facto leader of Samsung group received a presidential pardon today, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds.

Florida's attorney general is calling for a probe into billionaire former New York Mayor Michael Bloomberg's fundraising of nearly $20 million to help convicted felons vote in the key swing state.

A local civil court has issued an interim stay restraining Netflix from airing its web series ''Bad Boy Billionaires-India'' on a petition filed by B Ramalinga Raju who was convicted in the multi-crore accounting scandal of Satyam Computer Services Limited.

The first prosecution of a pharmaceutical company chief executive tied to opioid overdoses begins this week, when Insys Therapeutics Inc.'s John Kapoor goes on trial. The fallout may jolt an industry facing steep penalties for its own role in the crisis.

A trial court in Jodhpur, has pronounced life term for Asaram who was convicted of raping a teenager from Shahajahanpur in Uttar Pradesh. The 16-year-old was studying at his ashram in Chhindwara. Asaram was arrested and brought to Jodhpur on September 1, 2013 and has been in custody since September 2. Security has been stepped up around the teenag...

Hong Kong's top court on Wednesday upheld a corruption conviction against a billionaire property tycoon, putting an end to one of the most high-profile corruption cases in the history of the Asian financial hub. The five-year-long legal battle exposed the cozy ties between government officials and powerful tycoons.

While being questioned for allegedly bribing South Korea's president, Samsung Group's Jay Y. Lee is locked up at a prison notorious for housing convicted billionaires, a serial killer and the hangman's noose. That doesn't mean he's given up being the boss.

Billionaire industrialist Vijay Mallya was convicted by a court in Hyderabad on Wednesday in a cheque-bouncing case filed against him by GMR Hyderabad International Airport Ltd.

Gupta, who was convicted in June 2012 for leaking tips to hedge fund billionaire Raj Rajaratnam, was released on January 5 this year from Federal Medical Centre Devens, a federal correctional facility in Ayer, Massachusetts.

The death sentence of Iranian billionaire Babak Zanjani can be commuted if he cooperates by returning the money he was convicted of embezzling, Justice Minister Mostafa Pour Mohammadi said.

The prosecutors said the IIT and Harvard-educated former McKinsey head, who is serving a two-year sentence, had a "powerful" financial incentive to tip his billionaire hedge-fund operator friend Raj Rajaratnam.

For big donors, the light had drained a bit from Trump's powerful aura in the wake of the chaos surrounding his 2020 loss at the polls to Joe Biden.

Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion (roughly Rs. 66,678 crore) from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.

FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace.

Samsung boss Lee Jae-Yong received a presidential pardon in the cases which convicted him of corruption on economic grounds. The billionaire is given a chance to "contribute to overcoming the economic crisis" of the country. Lee will now be allowed to fully return to work as his five-year post-prison employment restriction has been lifted.

The heir and de facto leader of Samsung group received a presidential pardon today, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds.

Florida's attorney general is calling for a probe into billionaire former New York Mayor Michael Bloomberg's fundraising of nearly $20 million to help convicted felons vote in the key swing state.

A local civil court has issued an interim stay restraining Netflix from airing its web series ''Bad Boy Billionaires-India'' on a petition filed by B Ramalinga Raju who was convicted in the multi-crore accounting scandal of Satyam Computer Services Limited.

The first prosecution of a pharmaceutical company chief executive tied to opioid overdoses begins this week, when Insys Therapeutics Inc.'s John Kapoor goes on trial. The fallout may jolt an industry facing steep penalties for its own role in the crisis.

A trial court in Jodhpur, has pronounced life term for Asaram who was convicted of raping a teenager from Shahajahanpur in Uttar Pradesh. The 16-year-old was studying at his ashram in Chhindwara. Asaram was arrested and brought to Jodhpur on September 1, 2013 and has been in custody since September 2. Security has been stepped up around the teenag...

Hong Kong's top court on Wednesday upheld a corruption conviction against a billionaire property tycoon, putting an end to one of the most high-profile corruption cases in the history of the Asian financial hub. The five-year-long legal battle exposed the cozy ties between government officials and powerful tycoons.

While being questioned for allegedly bribing South Korea's president, Samsung Group's Jay Y. Lee is locked up at a prison notorious for housing convicted billionaires, a serial killer and the hangman's noose. That doesn't mean he's given up being the boss.

Billionaire industrialist Vijay Mallya was convicted by a court in Hyderabad on Wednesday in a cheque-bouncing case filed against him by GMR Hyderabad International Airport Ltd.

Gupta, who was convicted in June 2012 for leaking tips to hedge fund billionaire Raj Rajaratnam, was released on January 5 this year from Federal Medical Centre Devens, a federal correctional facility in Ayer, Massachusetts.

The death sentence of Iranian billionaire Babak Zanjani can be commuted if he cooperates by returning the money he was convicted of embezzling, Justice Minister Mostafa Pour Mohammadi said.

The prosecutors said the IIT and Harvard-educated former McKinsey head, who is serving a two-year sentence, had a "powerful" financial incentive to tip his billionaire hedge-fund operator friend Raj Rajaratnam.