Welp, that didn’t take long. I guess it’s a quick clean-up job because the cover-up is already beginning…
FTX Facing Criminal Probe by Bahamas Authorities, but Musk Counters There Will Be “No Investigation” of “Major Democrat Donor” SBF…
Amid growing speculation of his whereabouts, Bloomberg reports that Sam Bankman-Fried was interviewed by Bahamian police and regulators on Saturday, although Bloomberg was quick to add that in the Bahamas, law-enforcement inquiries don’t necessarily mean someone will be arrested or charged with a crime…
FTX CEO Says “I’m Sorry… I F**ked Up” As Alameda Research Winds Down Trading…
Thinking “I’m sorry…I F’d up” isn’t going to cut it with the billions lost by investors…
THIS IS HUGE!: FTX, Second Largest Crypto Exchange, Halts Withdrawals As Bankruptcy Nears and Justice Department Circles…
FTX, the second largest crypto exchange, is teetering near bankruptcy this morning; has shuttered withdrawals of money and crypto by its customers; and is dealing with investigations by the Securities and Exchange Commission, the Commodity Futures Trading Commission and the U.S. Department of Justice…
J&J Tried to Worm Its Way Out of Paying $3.5BN to Victims of Cancer-Causing Baby Talc By Forming a New Company and Declaring BANKRUPTCY and Then Tried to GAG Journalists from Reporting It…
Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly cancers…
Hundreds of Companies That Got PPP Loans Have Gone Bankrupt…
The total number of companies that failed despite getting PPP loans is likely far higher. The Journal only analyzed the big borrowers from the program, which accounted for about half of the overall loans though only about 13.5% of the total participants…
J.C. Penney Rescue Deal Approved in Bankruptcy Court…
J.C. Penney filed for bankruptcy in May with nearly $5 billion in debt. The company was one of several retailers, including J. Crew Group Inc, Neiman Marcus Group and Brooks Brothers that sought Chapter 11 protection amid the coronavirus pandemic…
Trump Deserves Credit for Bringing the Troops Home (Not to Mention Any Wars)…
In 1988, a certain congressman from Texas ran for president on a platform of bringing home our troops from around the world. Even then, more than 30 years ago, U.S. troops were in over 100 countries, and tens of thousands were still in Europe. That Texas congressman was my father, Ron Paul, who 20 years […]
Pier 1 Imports Files for Chapter 11 Bankruptcy, to Pursue Sale…
Pier 1 Imports announced it has filed for Chapter 11 bankruptcy protection and has the approval of its lenders to pursue a sale of the company, just weeks after the home furnishings retailer announced that it would shutter hundreds of stores and pare its workforce across the United States. “We are moving ahead in this […]
PG&E Spent Millions on Lobbying Following Bankruptcy, Wining and Dining Lawmakers Who Sponsored Bailout…
The decision by Pacific Gas & Electric to declare bankruptcy in January did not prevent the utility giant from continuing to spend big on political influence in California’s Statehouse. The investor-owned utility’s transmission lines have been blamed for multiple wildfires, including the Tubbs fire in October 2017 and the Camp Fire wildfire in November 2018, […]
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