Tag Archives: CA State Wire

Pac-12’s remaining schools finalize financial agreement with 10 departing members

Oregon State and Washington State have finalized a settlement over financial distributions with the 10 schools leaving the Pac-12 . The departing schools will have $5 million withheld during the 2024 fiscal year for a total of $50 million under the deal announced Monday. The departing schools also will pay a $1.5 million “supplemental contribution” to the conference that will …

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Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud

NEW YORK (AP) — FTX founder Sam Bankman-Fried’s orchestration of one of history’s largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge. Prosecutors made the recommendation in papers filed in Manhattan federal court in advance of a March 28 sentencing, where …

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