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Key Takeaways Sam Bankman-Fried’s prison sentence is reduced by over four years due to good behavior and program participation. Caroline Ellison received a sentence reduction of about six months, with release expected in May 2026. Share this article Sam Bankman-Fried may not serve his full 25-year sentence for crypto fraud. According to Business Insider, the … Read more
Co-leader of the Department of Government Efficiency Elon Musk looks on as US President Donald Trump meets with South African President Cyril Ramaphosa in the Oval Office of the White House in Washington, DC, on May 21, 2025. Jim Watson / AFP—Getty Images
Eleven inmate deaths in less than two months. More than 4,000 staff vacancies. A $3 billion repair backlog. And now, a stunning directive from President Donald Trump for the crisis-plagued federal Bureau of Prisons to “REBUILD, AND OPEN ALCATRAZ!” — the notorious penitentiary on an island in San Francisco Bay that last held inmates more than 60 … Read more
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty Images The Consumer Financial Protection Bureau’s new leadership on Thursday dismissed a trio of enforcement lawsuits … Read more
The bureau can still take complaints, but it can’t conduct exams or pursue existing investigations. Read More
Office of Management and Budget director Russell Vought is now also the acting director of the Consumer Financial Protection Bureau, where he has directed staff to not issue any new rules, to suspend effective dates of all final rules and to stop any new investigations. Vought, also a Project 2025 author, was named acting director … Read more
Elon Musk’s Department of Government Efficiency staffers are set to gain access to data at the Consumer Financial Protection Bureau, multiple sources tell WIRED. In an email early Friday morning, CFPB staff were told that several people from DOGE—including Nikhil Rajpal and Gavin Kliger (along with Chris Young, who has been described as a Republican … Read more
Rohit Chopra’s tenure saw the removal of medical debt from credit reports and limits on overdrafts penalties. Read More
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