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Trump Files $10 Billion Lawsuit Over IRS Tax Leak

US President Donald Trump and his sons Eric Trump, left, and Donald Trump Jr, right, have sued the US federal government over tax leaks.  A new legal battle has erupted as President Donald Trump launches a sweeping $10 billion lawsuit against the U.S. government, accusing federal agencies of failing to protect his confidential tax information. The suit targets both the IRS and the Treasury Department, alleging that years of his private financial records were improperly accessed and leaked to media outlets he describes as politically hostile. The complaint argues that the unauthorized disclosure caused significant damage to Trump’s reputation, business interests, and public standing. It also claims that the leak stemmed from a politically motivated insider who exploited access to sensitive IRS systems. That individual has since been convicted, but Trump maintains that the government bears responsibility for allowing the breach to occur in the first place. The lawsuit, filed in fe...
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Sam Bankman-Fried Sentenced to 25 Years for Defrauding FTX Investors

 



In a stunning turn of events, Sam Bankman-Fried, the co-founder of the FTX Cryptocurrency Derivatives Exchange, has been handed a 25-year prison sentence. This once-prominent billionaire now faces the consequences of orchestrating one of the largest frauds in financial history.

Bankman-Fried’s downfall began when FTX, the exchange he helped create, collapsed. Users were left reeling as their investments vanished. The court found him guilty on seven criminal counts in November, leading to his detention at the Metropolitan Detention Center in Brooklyn.

In a federal courtroom in lower Manhattan, U.S. District Judge Lewis Kaplan delivered the verdict. He dismissed the defense’s arguments as misleading and logically flawed, emphasizing that Bankman-Fried had obstructed justice and tampered with witnesses during his defense. Clad in a beige jailhouse jumpsuit, Bankman-Fried expressed remorse, admitting to a series of “selfish” decisions that ultimately led to his downfall.

Prosecutors initially sought a staggering 50-year sentence, while Bankman-Fried’s legal team pushed for no more than 6½ years. The judge’s decision landed in the middle, sending a clear message: financial crimes will be met with swift justice and severe consequences.

One victim, whose name remains redacted, penned a heartbreaking letter: “My whole life has been destroyed. I have 2 young children, one born right before the collapse. I still remember the weeks following where I would stare blankly into their eyes, completely empty inside knowing their futures have been stolen through no fault of our own. I did not gamble on crypto. I did not make any crypto gains” .

As the crypto world grapples with the aftermath, Bankman-Fried’s sentence serves as a stark reminder: integrity and accountability are paramount in financial systems. Let this be a cautionary tale for all who tread the treacherous waters of high finance.

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