The word “trial” finds its roots in the Old French term “trier,” which signifies the act of carefully examining and separating the good from the bad. This week, the concept of trials has taken center stage with two significant legal battles capturing the attention of the nation.
Most of us are familiar with the legal troubles that have pursued former President Donald Trump. In particular, the investigation into the financial practices of the extensive Trump empire has taken a pivotal turn. A judge recently ruled that Trump engaged in fraudulent activities, repeatedly lying to banks and insurers. Additionally, he habitually undervalued and overvalued various properties. With this ruling, the New York Attorney General’s $250 million civil lawsuit against Trump, his associates, and his offspring can proceed with the remaining causes of action. Trump himself made a characteristically bombastic appearance during the first day of the trial.
Simultaneously, the trial of Sam Bankman-Fried, founder, and former CEO of the once-prominent crypto exchange FTX, has begun. Initially accused of defrauding investors on a massive scale, Bankman-Fried’s trial is expected to send shockwaves throughout the cryptocurrency industry. Adding a touch of literary intrigue, renowned finance industry journalist Michael Lewis released a book chronicling Bankman-Fried’s rise and fall, conveniently timed with the trial’s start.
These high-profile trials, among other compelling legal developments, are explored in detail in the latest edition of the Finance Docket newsletter. Diving into topics that range from corruption in Washington, DC to nationwide layoffs, this newsletter takes a comprehensive look at the current landscape of litigation, regulation, deals, and financial services trends.
Market Capital Research 