Page 19 - New York

FTX founder Sam Bankman-Fried pleads not guilty to cheating charges

FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court on Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform. Bankman-Fried, 30, is accused of illegally diverting massive sums of customer money from FTX to make lavish real estate purchases, donate money to politicians and make risky trades at Alameda Research, his cryptocurrency hedge fund trading firm. Bankman-Fried's attorney, Mark Cohen, announced his client's plea, saying: He pleads not guilty to all counts." Wearing a backpack, Bankman-Fried marched through a crush of cameras as he entered the courthouse on a rainy day to make his first appearance before Judge Lewis A. Kaplan. Besides taking a plea during the arraignment, Kaplan was expected to discuss with lawyers a schedule for proceeding toward a trial. Prior to his appearance, his lawyers sent a letter to the judge, saying Bankman-Fried's parents in recent weeks have become the target of ...

Military police enforce driving ban on snow-stricken roads in US's Buffalo

State and military police were sent Tuesday to keep people off Buffalo's snow-choked roads, and officials kept counting fatalities three days after western New York's deadliest storm in at least two generations. Amid some signs of progress suburban roads and most major highways in the area reopened County Executive Mark Poloncarz warned that police would be stationed at entrances to Buffalo and at major intersections to enforce a ban on driving within New York's second-most populous city. Too many people are ignoring the ban, Poloncarz, a Democrat, said at a news conference. Officials said more than 30 people had died in the region, including seven storm-related deaths that Buffalo Mayor Byron Brown's office announced Tuesday. The toll surpasses that of the historic Blizzard of 1977, blamed for killing as many as 29 people in a region known for harsh winter weather. The National Weather Service predicted that as much as 2 inches (2.5 to 5 centimeters) more snow could fall Tuesda

NY Guv requests for emergency declaration over 'historic' winter storm

New York City has so far recorded 28 weather-related deaths, while the region around Buffalo has been worst affected

Death toll from historic blizzard in western New York rises to 28

The death toll from a Buffalo-area blizzard rose to 27 in western New York, authorities said Monday, as the region reeled from one of the worst weather-related disasters in its history. Much of the rest of the United States was hit by ferocious winter conditions. Those who lost their lives around Buffalo were found in cars, homes and snowbanks. Some died while shovelling snow, others when emergency crews could not respond in time to medical crises. President Joe Biden said his prayers were with the victims' families, and offered federal assistance Monday to the hard-hit state. Nationwide, the storm is blamed for at least 50 deaths, with rescue and recovery efforts ongoing Monday. Erie County Executive Mark Poloncarz described the blizzard as "the worst storm probably in our lifetime" and warned there might be more dead. Some people, he noted, were stranded in their cars for more than two days. "It's just a horrible situation that we can see sort of the light at the end of the tunn

New York visit 'fruitful', chaired UNSC meetings: EAM Jaishankar

External Affairs Minister S Jaishankar on Saturday said he had a fruitful travel to New York and detailed that during his visit to the US city he had the UN Security Council Ministerial meetings on Reformed Multilateralism and Counter-Terrorism."A fruitful #NewYork visit. Chaired UNSC Ministerial meetings on Reformed Multilateralism & Counter Terrorism. Joined unveiling of bust of Bapu at UN premises. Launched Group of Friends for UN Peacekeepers. Hosted a 'millet lunch'," the foreign minister tweeted.Jaishankar said he hosted bilaterals with Ireland, Armenia, Japan, Poland, the US, UK and the UAE.Jaishankar on Thursday highlighted that the "contemporary epicentre of terrorism" remains active and raised concerns about how evidence-backed proposals to blacklist terrorists are put on hold without adequate reason.Speaking at the 'UNSC Briefing: Global Counterterrorism Approach: Challenges and Way Forward', Jaishankar took veiled digs at Pakistan for cross-border terrorism against ..

New York risks losing wealthiest residents over high taxes: Official

An analysis by New York City's Independent Budget Office released this week showed that the number of city taxpayers who earned between $1 million and $5 million declined 11% in 2020

Guterres, Jaishankar to unveil Mahatma Gandhi's bust at UN headquarters

The United Nations Secretary-General Antonio Guterres and External Affairs Minister S Jaishankar will unveil a bust of Mahatma Gandhi at the premises of the UN headquarters in New York today

Sushmita Shukla appointed first VP, COO of Federal Reserve Bank of New York

Sushmita Shukla, an Indian-origin veteran of the insurance industry, has been appointed as First Vice President and Chief Operating Officer at the Federal Reserve Bank of New York, making her the second-ranking officer at the prominent institution. The appointment was approved by the Board of Governors of the Federal Reserve System, the New York Fed said in a statement Thursday. Shukla, 54, has been appointed by the Board of Directors of the Federal Reserve Bank of New York as First Vice President and Chief Operating Officer, effective March 2023. As First Vice President, Shukla, who has an MBA from New York University and a bachelor's degree in electrical engineering from the University of Mumbai, will be the New York Fed's second-ranking officer. Shukla said in the statement that she is honoured to have the opportunity to work for a mission-driven organisation like the New York Fed. I look forward to applying all that I've learned in my career including my technology, operation

Data hack derails daily life at AIIMS; admin reaches out to govt, IT firms

Staff forced to log manually, as patients grapple with test delays

New York, Singapore most expensive cities to live in, finds global survey

Tel Aviv, which topped the rankings last year, was bumped into third position, while Hong Kong and Los Angeles rounded out the top five priciest places

Cryptocurrency lender BlockFi goes bankrupt in aftermath of FTX downfall

BlockFi said in a statement that it will use the Chapter 11 process to "focus on recovering all obligations owed to BlockFi by its counterparties, including FTX and associated corporate entities"

Writer who accused Trump of rape files upgraded lawsuit in New York

A writer who accused former President Donald Trump of rape filed an upgraded lawsuit against him on Thursday in New York, minutes after a new state law took effect allowing victims of sexual violence to sue over attacks that occurred decades ago. E. Jean Carroll's lawyer filed the legal papers electronically as the Adult Survivor's Act temporarily lifted the state's usual deadlines for suing over sexual assault. She sought unspecified compensatory and punitive damages for pain and suffering, psychological harms, dignity loss and reputation damage. Carroll, a longtime advice columnist for Elle magazine, first made the claim in a 2019 book, saying Trump raped her in the dressing room of a Manhattan luxury department store in 1995 or 1996. Trump responded to the book's allegations by saying it could never have happened because Carroll was not my type." His remarks led Carroll to file a defamation lawsuit against him, but that lawsuit has been tied up in appeals courts as judges decid

As rents plummet, Hong Kong loses top spot for luxury shopping to New York

Manhattan's Upper Fifth Avenue is now the priciest street globally for shopping, Hong Kong's Tsim Sha Tsui district comes second

Biden approves emergency declaration for New York after historic snowfall

The White House said that US President Joe Biden had approved an emergency declaration for the state of New York after historic snowfall

Two arrested after Twitter posts threat to 'shoot up a synagogue'

Two men who were arrested at New York's Penn Station after authorities spotted social media posts about attacking a synagogue represented a real danger to the city's Jewish community, Mayor Eric Adams said Monday. This was not an idle threat," Adams said at a news conference where he was joined by officials from the FBI, the Metropolitan Transportation Authority and other agencies involved in the arrests early Saturday of Christopher Brown, 21, and Matthew Mahrer, 22, on charges including criminal possession of a weapon. This was a real threat, he said. According to the criminal complaint against him, Brown made a series of threats on Twitter including, on Thursday, Gonna ask a Priest if I should become a husband or shoot up a synagogue and die," and then on Friday, "This time I'm really gonna do it. Authorities linked the tweets to Brown, of Aquebogue, on Long Island, and identified Mahrer, of Manhattan, as an associate, said Michael Driscoll, head of the FBI's New York office. A

Massive snowfall in New York due to lake-effect storm near Lake Erie

Piles of snow, in some places taller than most people, buried parts of western and northern New York as a lake-effect storm pounded areas east of Lake Erie and Lake Ontario for a third straight day Saturday, with possibly even more to come. Snowfall totals as high as 77 inches (196 cm) were reported in the Buffalo suburb of Orchard Park, home to the NFL's Buffalo Bills. Partway across the state, the town of Natural Bridge, near the Fort Drum Army base, reported just under 6 feet (1.8 metres). The snowfall in some spots ranked among the highest ever recorded in the area, rivalling the eye-popping amounts that fell during similar storms in 2014 and 1945. The snowfall totals, which began accumulating Thursday night in some spots, would be on the order of historic not only for any time of year but for any part of the country, said National Weather Service meteorologist Frank Pereira, at NWS headquarters in College Park, Maryland. The lake-effect storm, caused by cold air picking up ...

Adani planning to open family office in Dubai or New York to manage wealth

Adani family is currently talking to consultants and tax experts about the plans; location of the office is still in flux, and may change based on the advice they receive and availability of resources

Wealthy Indians buying properties in Dubai, London, NY for better prices

Anuj Puri, chairman of Anarock Property Consultants links wealthy Indians buying abroad to their purchasing power

Starbucks co-founder Zev Siegl spills the beans about building a brand

Starbucks co-founder Zev Siegl, who was on a visit to India to attend Global Investors Meet in Bengaluru, was seen at a restaurant enjoying filter coffee and masala dosa

Rushdie lost sight in an eye, use of one hand after Aug attack: Report

Salman Rushdie has lost his sight in one eye and the use of one hand after the attack he suffered while preparing to deliver a lecture in the US' New York state two months ago, his agent has confirmed