Philip Esformes’ conviction in $1.3B fraud case, $44M in penalties, upheld by appeals court

The 11th U.S. Circuit Court of Appeals on Friday upheld the criminal conviction of assisted living community and skilled nursing facility owner Philip Esformes in a healthcare fraud case that the federal government valued at $1.3 billion and described as “the largest healthcare fraud scheme charged by the US Justice Department.” Esformes’ 20-year prison sentence…

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Sam Bankman-Fried blames Changpeng Zhao for ‘targeted’ campaign to destroy FTX

Sam Bankman-Fried accused Binance boss Changpeng “CZ” Zhao of waging a lengthy campaign to destroy his crypto empire on Thursday while making yet another attempt to explain what led to FTX’s catastrophic bankruptcy. In a lengthy Substack post, the disgraced former FTX CEO alleged that Zhao’s “fateful tweet” on Nov. 6 capped an “extremely effective…

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