Prosecutors had been concerned that if Sam Bankman-Fried found out his friends were cooperating, he might try to fight extradition from the Bahamas, where he had been arrested at the request of U.S. authorities.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News, Uncategorized
Elon Musk tells investors he’ll pause on Tesla stock sales
A significant portion of the proceeds from selling his Tesla stock has gone to help fund his $44 billion acquisition of Twitter, which has been marked by chaos since he took over.
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Posted inBusiness, Local & State, News
Owners of Knox County contracting business must pay customers $744,000, judge rules
Bankruptcy liens against Malcolm and Elizabeth Stewart and their failed company were recently filed, and a criminal case against Malcom Stewart continues.
Posted inBusiness, Health
Group urges feds to investigate Snapchat over fentanyl sales
The app’s encrypted technology and disappearing messages make it tough to catch dealers.
Posted inBusiness
Holiday procrastinators are back in force. Blame inflation.
Americans also shouldn’t expect bigger discounts the longer they wait as retailers have mostly maintained the same sales since Black Friday.
Posted inBusiness, Kennebec Journal, Local & State
Hallowell restaurant cited for 691 child labor law violations, fined $17,275
The violations at The Quarry Tap Room occurred over two years, and primarily involved employees younger than 18 working more hours than permitted by the state, according to officials.
Posted inBusiness, Nation & World
FTX founder’s parents post $250 million bond, agree to house arrest
The bail conditions also require that FTX founder Sam Bankman-Fried not open any new lines of credit, start a business or enter financial transactions larger than $1,000 without the approval of the government or the court.
Posted inBusiness, Nation & World, News
Applications for jobless claims up slightly last week
Slightly more Americans filed for unemployment benefits last week as the labor market continues to show strength.
Posted inBusiness, Nation & World
Storm adds uncertainty to strong holiday travel demand
Around 190 million people are currently under some type of winter weather advisory.
Posted inBusiness, Nation & World
New York to open 1st legal pot dispensary Dec. 29
In the coming months, the state is expected to issue 139 licenses, as about 900 applicants wait.