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cryptocurrency
The disgraced entrepreneur was found guilty on sweeping fraud charges.
Eli Regalado says he spent hundreds of thousands of dollars on a home remodel that was ordained by God.
He could face decades in prison after prosecutors said he cheated thousands of cryptocurrency customers out of billions of dollars.
Prosecutors allege the 31-year-old stole funds from FTX, a crypto exchange he founded, both for personal use and to cover losses at a separate hedge fund.
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Alexander Mashinsky has been charged with securities, commodities and wire fraud.
The pop star reportedly passed on a $100 million deal with the failed crypto company.
The SEC also accused Lil Yachty, Ne-Yo, Kendra Lust, Soulja Boy, Austin Mahone and Akon of promoting cryptocurrencies without disclosing they were paid for it.
The Biden administration has soured on crypto after several high-profile industry failures.
Prosecutors say Anatoly Legkodymovs cryptocurrency exchange, Bitzlato, was a safe haven for criminals.
The cryptocurrency entrepreneur is accused of defrauding investors and looting customer deposits on his trading platform.
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