The United States District Court for the Southern District of New York releases FTX co-founder and former chief executive officer Sam Bankman-Fried on a $250 million bail on the condition that he resides at his parents' home in Palo Alto, California, while he awaits trial on criminal fraud charges over the bankruptcy of his cryptocurrency exchange.
Voters head to the polls in Virginia to either re-elect former Governor Terry McAuliffe or elect former Carlyle Group CEO Glenn Youngkin. In New Jersey, voters head to the polls to either re-elect Governor Phil Murphy or elect former state legislator Jack Ciattarelli to replace him.
A French court issues the French subsidiary of the Dutch multinational conglomerate IKEA a €1 million (US$1.2 million) fine for conducting illegal employee monitoring activities on its employees and applicants between 2009 and 2012. Its former chief executive officer is also given a two-year prison sentence.
The former President of Israel, Moshe Katsav, is sentenced to seven years in prison, two years probation and payment of compensation to his victims on charges of rape, indecent assault, sexual harassment and obstruction of justice. Current President Shimon Peres says that "this is a sad day but everyone is equal before the law."