America’s biggest companies say retail crime is an epidemic, but just how big of a problem is it?

America’s biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have come into question.  Over the last several years, companies such as Home Depot, Lowe’s, Walmart, Best Buy, Walgreens and CVS have been sounding the alarm … Read more

UFC president Dana White does not expect punishment for domestic violence incident | CNN

CNN  —  Ultimate Fighting Championship (UFC) president Dana White said he does not expect punishment after a video emerged of him in a physical altercation with his wife earlier this month. White made the comments Wednesday at a media day for UFC Fight Night 217. Asked whether he expects there to be repercussions from the … Read more

Brazilian soccer star Dani Alves under investigation for alleged sexual assault | CNN

CNN  —  Brazilian football player Dani Alves is under investigation for an alleged sexual assault that took place in Barcelona last month, the Catalonia Higher Court of Justice confirmed on Tuesday. “Barcelona investigating magistrate’s court number 15 has opened proceedings for an alleged crime of sexual assault due to a complaint presented by a woman … Read more

Walgreens may have overstated theft concerns, CFO says

Anti-theft locked beauty products with customer service button at Walgreens pharmacy, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images A top Walgreens executive on Thursday acknowledged the company may have overblown concerns about thefts in their stores after shrinkage stabilized over the last year.  During an earnings call, the company’s chief … Read more

Damar Hamlin’s doctors are working to get him breathing without a ventilator after his mid-game cardiac arrest left him in critical condition | CNN

Cincinnati CNN  —  After suffering a cardiac arrest mid-game on Monday, Buffalo Bills safety Damar Hamlin remains sedated on a ventilator as doctors work toward getting him to breathe on his own, his uncle said, while uneasy supporters across the nation await word of his fate. The 24-year-old player still was in critical condition Tuesday … Read more

US Soccer announces investigation into men’s head coach Gregg Berhalter as he releases statement on 1991 domestic violence incident | CNN

CNN  —  US Soccer has launched an investigation into men’s national team head coach Gregg Berhalter, the organization announced Tuesday, as the coach released a statement addressing a previous domestic violence incident between himself and his now-wife. While US Soccer did not provide details of the incident, Berhalter issued a lengthy statement on Twitter Tuesday … Read more

Sam Bankman-Fried pleads not guilty to federal fraud charges in New York

Sam Bankman-Fried pleaded not guilty in New York federal court Tuesday to eight charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research. The onetime crypto billionaire was indicted on charges of conspiracy to commit wire fraud and securities fraud, individual charges of securities fraud and wire fraud, money … Read more

Feds launch FTX task force to recover victim assets, continue probes as Bankman-Fried pleads not guilty

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023.  Ed Jones | AFP | Getty Images The Manhattan U.S. Attorney’s Office said Tuesday it had created an FTX Task Force to trace and recover assets of … Read more

FTX’s Japanese users will be able to start withdrawing funds from February

The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images Japanese FTX users will be able to start moving their funds out of the collapsed cryptocurrency exchange starting in February, according to a statement from the company’s Japan subsidiary. FTX Japan said Thursday it was developing a system to resume withdrawals … Read more

Bahamian regulator says it seized $3.5 billion of FTX crypto assets for ‘safekeeping’

The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images The Securities Commission of The Bahamas says it seized $3.5 billion worth of cryptocurrency from collapsed crypto exchange FTX. In a media release late Wednesday, the watchdog confirmed the total sum taken from FTX’s Bahamian subsidiary, FTX Digital Markets, and added … Read more