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the 32 year old siphoned billions in customer funds from his cryptocurrency exchange, ftx, to keep his hedge fund afloat. prosecutors sought a 50 year prison sentence while the defense asked for six years. bankman-fried is the son of two stanford law professors. now to a plan in oakland, where four of the city's largest companies are team up to keep their workers safe, it's a $10 million plan from p-g-and-e's, kaiser, clorox and blue shield. a have offices in the downtown area. the money will provide private security, escorts and transportation for employees. abc seven news reporter suzanne fawn has more. blue shield of california kaiser permanente, pacific gas and electric, and clorox. >> they're all headquartered in downtown oakland. in january, blue shield and kaiser told employees to stay on site and not to leave for lunch because of concerns about crime. clorox and blue shield offered employees security escorts to their car, bart or location within two blocks. now, the company's ceos are joining forces to make downtown oakland safer for their employees. our first obligation to our
the 32 year old siphoned billions in customer funds from his cryptocurrency exchange, ftx, to keep his hedge fund afloat. prosecutors sought a 50 year prison sentence while the defense asked for six years. bankman-fried is the son of two stanford law professors. now to a plan in oakland, where four of the city's largest companies are team up to keep their workers safe, it's a $10 million plan from p-g-and-e's, kaiser, clorox and blue shield. a have offices in the downtown area. the money will...
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the bay area native and founder of ftx was sentenced today to 25 years in prison after being convicted of stealing billions of dollars from customers. prosecutors asked the judge for a 40 to 50 year sentence. bankman-fried will serve his sentence in a medium security federal prison here in california. in addition to prison time, he's also required to pay more than $11 billion. his legal team is likely to file an appeal following today's sentencing. >> we need solutions, we need results. and if that requires asking the state and the federal government for additional law enforcement personnel, i'm prepared to do exactly that. >> coming up on ktvu news at 630, a san francisco mayoral candidates proposal that would call in the national guard to combat the city's drug crisis also had a woman working at a laundromat in oakland was attacked on the job. >> the rally, held today in the city and the new look san francisco giants open their season down in san diego. >> good starting pitching nine hits, but cou t y get it all starts with a chevy truck. chevy silverado with the turbomax engine and
the bay area native and founder of ftx was sentenced today to 25 years in prison after being convicted of stealing billions of dollars from customers. prosecutors asked the judge for a 40 to 50 year sentence. bankman-fried will serve his sentence in a medium security federal prison here in california. in addition to prison time, he's also required to pay more than $11 billion. his legal team is likely to file an appeal following today's sentencing. >> we need solutions, we need results....
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. >> you just need ftx! >> reporter: with celebrity endorsements and bankman-fried's guarantees money would be safe, ftx became the premier crypto exchange. it collapsed in late 2022 after bankman-fried used billions in ftx customer funds without permission to keep his privately controlled hedge fund alameda research afloat. at trial, prosecutors playing this abc news interview. >> so, you do know, and you did know, that ftx deposits were being funneled to alameda? >> so, i was vaguely aware that that was how some wires were being sent in the first place. >> didn't that set off alarm bells in your head? >> so, there are a lot of people who were involved in that process, and, look, i really deeply wish i had taken, like, a lot more responsibility for understanding what the details were of what was going on there. >> reporter: in court today, one victim told the judge he lost "money i wanted to spend on a family home." the judge saying he received more than 200 letters. a man with two young children writing he
. >> you just need ftx! >> reporter: with celebrity endorsements and bankman-fried's guarantees money would be safe, ftx became the premier crypto exchange. it collapsed in late 2022 after bankman-fried used billions in ftx customer funds without permission to keep his privately controlled hedge fund alameda research afloat. at trial, prosecutors playing this abc news interview. >> so, you do know, and you did know, that ftx deposits were being funneled to alameda? >>...
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Mar 29, 2024
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>> yeah, ftx customers lost access to their funds when ftx collapsed. that's the crypto training platform. many of them are losing hope. we heard from one of them, saying he was living in ftx nightmare. >> michelle fleury for us there in new york. good to have you on the show. thank you. as american journalist evan gershkovich approaches his first full year in russian detention, the kremlin says it won't talk publicly about the possible talk of any prisoner exchange. he was arrested in russia on suspicion of espionage. moscow accuses the wall street journal reported of trying to obtain military secrets while reporting on the war in ukraine. evan gershkovich, the wall street journal and the u.s. deny accusations of wrongdoing. i spoke with his sister and paul beckett on their efforts to bring evan home. danielle, i will start with you. we talked in december. first of all, how are you and your family doing? >> we are holding on. we in this past year have been learning about being advocates for evan. we are continuing to move forward, continuing to trust t
>> yeah, ftx customers lost access to their funds when ftx collapsed. that's the crypto training platform. many of them are losing hope. we heard from one of them, saying he was living in ftx nightmare. >> michelle fleury for us there in new york. good to have you on the show. thank you. as american journalist evan gershkovich approaches his first full year in russian detention, the kremlin says it won't talk publicly about the possible talk of any prisoner exchange. he was arrested...
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from his cryptocurrency exchange ftx. the former billionaire ceo was previously found guilty of fraud and conspiracy. prosecutors say he took almost £8 billion from customers. and some other stories now — a man has been arrested on suspicion of manslaughter in connection with the death of gogglebox star george gilbey after the a0 year old died in a fall at work. george, who was a self—employed electrician, sadly died at the scene. and it's a great day for freddie flintoff fans as he's making his return to tv after his top gear accident with a second series of a bbc cricket documentary called field of dreams. time now to leave you with 10 seconds of a swan rescued from a supermarket roof in an ikea bag. the best thing about this is the swan was called steve. the team used a 13 metre ladder to rescue him and bring him back to safety. you're all caught up now. see you later. hello, i'm mark edwards, welcome to sports day. here's what's coming up on the show. newcastle's sandro tonali charged by the english fa for allege
from his cryptocurrency exchange ftx. the former billionaire ceo was previously found guilty of fraud and conspiracy. prosecutors say he took almost £8 billion from customers. and some other stories now — a man has been arrested on suspicion of manslaughter in connection with the death of gogglebox star george gilbey after the a0 year old died in a fall at work. george, who was a self—employed electrician, sadly died at the scene. and it's a great day for freddie flintoff fans as he's...
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he ran ftx. what was happening behind the scenes is that a sister company was arlington customer money without anybody's knowledge. $8 billion in total. when these risky bets did not pay off, effectively customers lost everything. maryam: tell me about the damage you think he has done to the crypto industry as a whole. >> it is significant. there are millions of people who invested in ftx who have had their fingers burnt and will not want to touch again. the media coverage around many of the cases in crypto, especially the volatility of cryptocurrencies, makes them more unappealing to investors. maryam: we have seen sam bankman-fried convicted. do you think there is more trust out there are not? >> i think we are seeing cryptocurrency bad actors being held to account. with bitcoin surging over the past year, greed starts to set in. maryam: so good to talk to you. thank you. if you are in the u.k., you can watch the full program, nine crypto craze moments, right now on bbc. but don't go and watch
he ran ftx. what was happening behind the scenes is that a sister company was arlington customer money without anybody's knowledge. $8 billion in total. when these risky bets did not pay off, effectively customers lost everything. maryam: tell me about the damage you think he has done to the crypto industry as a whole. >> it is significant. there are millions of people who invested in ftx who have had their fingers burnt and will not want to touch again. the media coverage around many of...
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judge kaplan said the losses to ftx customers, investors and lenders totalled more than $11 billion. bankruptcy proceedings have been able to claw back much of the money, but the judge said that doesn't absolve bankman—fried. the prosecution was able to show multiple times where sam had the opportunity to do the right thing, to come clean, and he chose not to do so. during sentencing, thejudge hearkened back to testimony from the prosecution's star witness, caroline ellison, the former girlfriend of sam bankman—fried and head of his crypto hedge fund, alameda research. she painted the man known by his initials, sbf, as a risk taker hungry for influence. now facing decades behind bars, his risk—taking days are over. in new york, erin delmore, bbc news. in south africa, 45 people have died in a bus crash in the north—east of the country. the bus was travelling from botswana to the limpopo province. the department for transport says the vehicle plunged off a bridge into a ravine after colliding with the crash barrier, and burst into flames when it hit the ground. an eight—year
judge kaplan said the losses to ftx customers, investors and lenders totalled more than $11 billion. bankruptcy proceedings have been able to claw back much of the money, but the judge said that doesn't absolve bankman—fried. the prosecution was able to show multiple times where sam had the opportunity to do the right thing, to come clean, and he chose not to do so. during sentencing, thejudge hearkened back to testimony from the prosecution's star witness, caroline ellison, the former...
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ftx founder sam bankman-fried. you see him there. he will be in prison. we learned today for the next quarter century. the cryptocurrency fraud case is considered one of the biggest white collar crimes in american history. spf as he's known, received a sentence of 25 years today. just 2. ago, the palo alto native flaws, a titan in the crypto industry as ceo of ftx. however, customers lost billions of dollars when his exchange collapsed last november break been freed was convicted of fraud, conspiracy and money laundering related to the cryptocurrency exchange. prosecutors say he cost investors more than 10 billion dollars by misappropriating the money to cover other expenses. >> police believes stepped up safety measures across at stations are making a big difference for riders. officials releasing new data showing the effectiveness of its safe and clean plan as kron four's theresa stasi reports. felony arrests on bart are up 62% from last year. >> bart police chief kevin franklin saying that he's applauding this new data saying that it is a reflection of
ftx founder sam bankman-fried. you see him there. he will be in prison. we learned today for the next quarter century. the cryptocurrency fraud case is considered one of the biggest white collar crimes in american history. spf as he's known, received a sentence of 25 years today. just 2. ago, the palo alto native flaws, a titan in the crypto industry as ceo of ftx. however, customers lost billions of dollars when his exchange collapsed last november break been freed was convicted of fraud,...
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. >>> sentencing day for convicted ftx founder sam bankman-fried. he will spend 25 years in prison for the fraud that brought down his cryptocurrency exchange. his parents, both longtime stanford law professors, were at this courthouse for sentencing. the jury found sam bankman- fried guilty on several counts and prosecutors say he robbed customers of his much is $8 million to make risky bets. he previously signaled he plans to appeal the conviction but did apologize in court today, saying he made selfish decisions that haunt him every day. no word yet on where he will serve his sentence. >>> a lot of questions tonight about why that cargo ship lost power and hit baltimore's cambridge, and while investigators are looking for answers, transportation leaders are looking to get cargo moving out in a not -- the part of -- port of baltimore. more on the economic impact of this horrible tragedy. >> reporter: the impact that struck the heart of baltimore. now rippling across the country as americans grieve the six lives lost. >> to all the families, we are
. >>> sentencing day for convicted ftx founder sam bankman-fried. he will spend 25 years in prison for the fraud that brought down his cryptocurrency exchange. his parents, both longtime stanford law professors, were at this courthouse for sentencing. the jury found sam bankman- fried guilty on several counts and prosecutors say he robbed customers of his much is $8 million to make risky bets. he previously signaled he plans to appeal the conviction but did apologize in court today,...
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. >> the co-founder of the cryptocurrency ftx, sam bankman-fried, has been sentenced now to 25 years in federal prison for fraud. the judge announced that the sentence reflects risk, saying bankman-fried could do something similar in the future. the bay area man was once hailed as a cryptocurrency mogul who had many high profile celebrities and athletes, such as tom brady and steph curry endorse his services. but a jury found the 32 year old guilty of two counts of fraud and five counts of conspiracy. prosecutors accused of swindling billions of dollars from investors. >> silicom sexual assault allegations and lawsuits forced the mayor of windsor to resign three years ago. well coming up word today, ex-mayor dominic foppoli may not face any charges at this point in the investigation. >> also taking matters into their own hands, the nonprofit responsible for building fences in the tenderloin without the city's permission, and crews will soon be picking up the pieces from this week's maritime disaster. >> why the effort to restore the bridge in baltimore could tak years he was accused
. >> the co-founder of the cryptocurrency ftx, sam bankman-fried, has been sentenced now to 25 years in federal prison for fraud. the judge announced that the sentence reflects risk, saying bankman-fried could do something similar in the future. the bay area man was once hailed as a cryptocurrency mogul who had many high profile celebrities and athletes, such as tom brady and steph curry endorse his services. but a jury found the 32 year old guilty of two counts of fraud and five counts...
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fm— of people who lost money on his exchanue, ftx. ., ., exchange, ftx. let me ask you more broadly about — exchange, ftx. let me ask you more broadly about the _ exchange, ftx. let me ask you more broadly about the american - broadly about the american regulators and how they have allowed financial institutions and ordinary investors to get involved in crypto, so it is kind of legitimising it, you might argue. the last time you are on newsnight, you called it a hierarchical ponzi scheme still feel the same? , . ~ , the same? yes, and i think there is more to come _ the same? yes, and i think there is more to come here. _ the same? yes, and i think there is more to come here. -- _ the same? yes, and i think there is more to come here. -- so - the same? yes, and i think there is more to come here. -- so do - the same? yes, and i think there is more to come here. -- so do you i more to come here. —— so do you still feel the same? sam was a client which makes the stable coins for crypto exchanges and that is what is being traded. tether. his other comp
fm— of people who lost money on his exchanue, ftx. ., ., exchange, ftx. let me ask you more broadly about — exchange, ftx. let me ask you more broadly about the _ exchange, ftx. let me ask you more broadly about the american - broadly about the american regulators and how they have allowed financial institutions and ordinary investors to get involved in crypto, so it is kind of legitimising it, you might argue. the last time you are on newsnight, you called it a hierarchical ponzi scheme...
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i was the ceo of ftx." he said, "i was responsible." the judge admonishing bankman-fried, saying, "there is a risk that this man will be in position to do something very bad in the future." and adding in his 30 years, he's never seen a performance like bankman-fried's trial testimony, saying, "when he wasn't outright lying, he was evasive." >> how you feeling today? >> no comment. >> reporter: bankman-fried's parents solemn outside the courthouse, saying in a statement they are heartbroken and will continue to fight for our son. bankman-fried's lawyers say they plan to appeal. >> it was really, really difficult. i mean, i couldn't eat, sleep. >> reporter: this man lost two million when ftx imploded. today he says he is still waiting to get that money back. >> i think that it goes some closure, but i don't think it fully reflects the financial and emotional toll on customers. >> kate, when ftx lapsed, there were real questions about crypto's future. how is it faring now? >> at the time, lester, sam bankman-fried's fraud was seen as irrep
i was the ceo of ftx." he said, "i was responsible." the judge admonishing bankman-fried, saying, "there is a risk that this man will be in position to do something very bad in the future." and adding in his 30 years, he's never seen a performance like bankman-fried's trial testimony, saying, "when he wasn't outright lying, he was evasive." >> how you feeling today? >> no comment. >> reporter: bankman-fried's parents solemn outside the...
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you just need ftx, bankman fried accused of misusing more than $8 billion of customer money to cover losses at his hedge fund. pay off loans and buy lavish real estate, among other personal expenses. victims speaking out in court, including london based tech investor sunil khavari, saying he suffered every day and that money he wanted to spend on a family home was taken away. in a rambling statement. bankman freed telling the judge he failed everyone and everything he cares about the defense, arguing he's quirky, not conniving, pointing to this interview with abc's george stephanopoulos to argue bankman-fried has accepted responsibility. >> but you're ultimately responsible and ultimately absolutely. >> like i look, i should have been on top of this, and i feel really, really bad and regretful that i wasn't. and a lot of people got hurt. >> prosecutors had wanted a sentence twice as long as he got . the judge also says bankman-fried must forfeit $11 billion that the government can use to compensate victims. the judge saying the 25 year sentence is meant to disable him from the abilit
you just need ftx, bankman fried accused of misusing more than $8 billion of customer money to cover losses at his hedge fund. pay off loans and buy lavish real estate, among other personal expenses. victims speaking out in court, including london based tech investor sunil khavari, saying he suffered every day and that money he wanted to spend on a family home was taken away. in a rambling statement. bankman freed telling the judge he failed everyone and everything he cares about the defense,...
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a long sentence in a federal prison for the multibillion dollar ftx fraud. as fox's kelly o'grady tells us, the peninsula native was sentenced today to 25 years in prison. >> well, in the end, no one appears to be buying sam bankman-fried's good boy crypto act. not the jury. when he was convicted last year and certainly not the judge today. now he was sentenced to 25 years behind bars. the max he could have gotten was 110 years. the prosecution was looking for something in the 40 to 50 range. he is also required to pay over $11 billion, though that is a formality at this point because he is pretty much broke. and we did hear from sam himself today. it was rather surprising given his poor performance during the trial. he said he was sorry that he made a lot of bad decisions, but he never admitted fault. that's important because his legal team does intend to file an appeal. there was also a lot of focus today on harm, the defense argued there was none, given customers are expected to get their money back through bankruptcy. but the judge bought none of that. h
a long sentence in a federal prison for the multibillion dollar ftx fraud. as fox's kelly o'grady tells us, the peninsula native was sentenced today to 25 years in prison. >> well, in the end, no one appears to be buying sam bankman-fried's good boy crypto act. not the jury. when he was convicted last year and certainly not the judge today. now he was sentenced to 25 years behind bars. the max he could have gotten was 110 years. the prosecution was looking for something in the 40 to 50...
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customers of ftx and lenders to its sister hedge fund alameda research the judge agreed. he said that bankman-fried has shown no remorse and he said that his nature is one of risk-taking and that he weighed getting caught versus getting away with it. the judge saying at one point, there is a risk that this man will be in a position to do something very bad in the future. and it's not a trivial risk and that is why the judge said he would the sentencing the 32 to a 25-year prison sentence to disable him from committing further crimes. that means when the sentence is up bankman-fried will be 57 years old, his parents issuing a statement after court, which they did attend today, saying, we are heartbroken. his lawyer says that they will appeal we'll see what happens. curious reporting. thank you very much into our viewers. thanks very much for watching. i'm wolf blitzer in the situation room. the news continues on cnn. >> right now. >> fron next, breaking news, new video, just into outfront from onboard the massive cargo ship that crashed into the francis scott key bridge. a
customers of ftx and lenders to its sister hedge fund alameda research the judge agreed. he said that bankman-fried has shown no remorse and he said that his nature is one of risk-taking and that he weighed getting caught versus getting away with it. the judge saying at one point, there is a risk that this man will be in a position to do something very bad in the future. and it's not a trivial risk and that is why the judge said he would the sentencing the 32 to a 25-year prison sentence to...
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. >>> ftx founder sam freed sentenced to 25 years in jail. the judge saying he didn't hear a word of remorse for the crimes. aaron katersky outside the courthouse. >>> tracking storms on both coasts tonight. heavy rain and flood washes from north carolina to maine. back-to-back systems taking aim at the west. heavy rain and snow from california to colorado. rob marciano timing it out. >>> chilling new details about the horrific stabbing rampage across multiple locations in rockford, illinois. four people killed including a 15-year-old girl. her mother says she died protecting her sister and a friend. alex perez with new reporting. >>> the race for the white house tonight. president biden joined by former presidents obama and clinton for a show of force against donald trump and a record-breaking $25 million fund-raiser at new york's radio city music hall. at the same time, trump attending a wake for a fallen nypd officer, less than three weeks before the start of his criminal trial in manhattan. mary bruce here in new york. >>> newly released
. >>> ftx founder sam freed sentenced to 25 years in jail. the judge saying he didn't hear a word of remorse for the crimes. aaron katersky outside the courthouse. >>> tracking storms on both coasts tonight. heavy rain and flood washes from north carolina to maine. back-to-back systems taking aim at the west. heavy rain and snow from california to colorado. rob marciano timing it out. >>> chilling new details about the horrific stabbing rampage across multiple...
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ftx-— of people who lost money on his exchanue, ftx. ., ., exchange, ftx. let me ask you more broadly about — exchange, ftx. let me ask you more broadly about the _ exchange, ftx. let me ask you more broadly about the american - broadly about the american regulators and how they have allowed financial institutions and ordinary investors to get involved in crypto, so it is kind of legitimising it, you might argue. the last time you are on newsnight, you called it a hierarchical ponzi scheme still feel the same? . ., ~ hierarchical ponzi scheme still feel the same? , ., ,, , the same? yes, and i think there is more to come _ the same? yes, and i think there is more to come here. _ the same? yes, and i think there is more to come here. -- _
ftx-— of people who lost money on his exchanue, ftx. ., ., exchange, ftx. let me ask you more broadly about — exchange, ftx. let me ask you more broadly about the _ exchange, ftx. let me ask you more broadly about the american - broadly about the american regulators and how they have allowed financial institutions and ordinary investors to get involved in crypto, so it is kind of legitimising it, you might argue. the last time you are on newsnight, you called it a hierarchical ponzi scheme...
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sunil kavuri was one of his victims. >> i lost a huge amount of money when ftx collapsed. >> reporter: how much? >> $2 million. so -- and that was for a family home and for my children's education, and that overnight. >> reporter: beckman freed was% once hailed as the future of finance, with an estimated net . and enlisting celebrities, including quarterback tom brady peer to begun getting into crypto. >> reporter: basketball steph curry. speak are not expert and i don't need to be. >> reporter: to promote his brand. back in november, a jury unanimously found bankman-fried guilty of seven counts, including conspiracy, fraud, and money laundering. michael lewis wrote a book on the crypto stars rise and fall and has been in contact with him while detained. he says the man is hardwired for risk. >> you put your hand on a hot stove and you don't know to burn to a crisp come he doesn't feel. >> reporter: now there is no parole for federal crimes, but good behavior can produce time served. bankman-fried's lawyers will appeal the sentence, and jud judge kaplan recommends he served in a mediu
sunil kavuri was one of his victims. >> i lost a huge amount of money when ftx collapsed. >> reporter: how much? >> $2 million. so -- and that was for a family home and for my children's education, and that overnight. >> reporter: beckman freed was% once hailed as the future of finance, with an estimated net . and enlisting celebrities, including quarterback tom brady peer to begun getting into crypto. >> reporter: basketball steph curry. speak are not expert and i...
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how did ftx come crumbling down? david: sure. so just 18 months ago, sam bankman-fried was a huge star in the business world. he ran a cryptocurrency exchange, ftx, which was basically a platform where you could take your dollars and spend them to buy bitcoin or ether other cryptocurrencies. and you could also store your crypto on the platform. so it kind of operated as a bank as well. and it became really popular as the crypto industry grew and grew. and then in november 2022, there was essentially a run on the bank, and that posed a big billion dollar hole in the money that ftx was supposed to be holding on behalf of its customers. and that kind of kick started this series of events that kind of brought the whole edifice crashing down. william: and so those people who had quote-unquote banked their money in his exchanges, they lost all the money. those are the victims in this case? david: those are sort of one subset of the victims. they're probably the largest subset. but the other victims include venture capital investors, wh
how did ftx come crumbling down? david: sure. so just 18 months ago, sam bankman-fried was a huge star in the business world. he ran a cryptocurrency exchange, ftx, which was basically a platform where you could take your dollars and spend them to buy bitcoin or ether other cryptocurrencies. and you could also store your crypto on the platform. so it kind of operated as a bank as well. and it became really popular as the crypto industry grew and grew. and then in november 2022, there was...
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judge kaplan said the losses to ftx customers, investors and lenders totalled more than $11 billion. bankruptcy proceedings have been able to claw back much of the money, but the judge said that doesn't absolve bankman—fried. the prosecution was able to show multiple times where sam had the opportunity to do the right thing, to come clean, and he chose not to do so. during sentencing, thejudge hearkened back to testimony from the prosecution's star witness, caroline ellison, the former girlfriend of sam bankman—fried and head of his crypto hedge fund, alameda research. she painted the man known by his initials, sbf, as a risk taker hungry for influence. now facing decades behind bars, his risk—taking days are over. in new york, erin delmore, bbc news. scotland could become the first uk nation to legalise assisted dying if a bill introduced at holyrood is approved. under the proposals, a patient could only request medical assistance to end their life if they had an advanced, progressive, terminal illness, which had been diagnosed independently by two doctors. two doctors would a
judge kaplan said the losses to ftx customers, investors and lenders totalled more than $11 billion. bankruptcy proceedings have been able to claw back much of the money, but the judge said that doesn't absolve bankman—fried. the prosecution was able to show multiple times where sam had the opportunity to do the right thing, to come clean, and he chose not to do so. during sentencing, thejudge hearkened back to testimony from the prosecution's star witness, caroline ellison, the former...
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at the sentencing hearing for the former ftx ceo. that's has my favorite part great. >> i started using schwab investing themes. so now i can easily invest in trends like wearable tech trends >> all that raves. sounds exhausting no schwab's technology does the work. so if i spot an opportunity and robotics or pets, i can buy those stocks and a few clicks can't be that easy. >> as with schwab >> schwab investing themes, 40 customizable themes up to 25 stocks in just a few clicks, >> can the riva support your brain health? >> very janet, hey, eddie, now appraiser, franck, franck, bread. >> how are you? >> fred, fuel up to seven brain health indicators, including your memory, joined the neretva brain health challenge. >> when barbara switch to turbotax, i wrote for generations of family tradition. >> i want to make perfume >> so i meet barbecue psyche counts by guaranteeing her maximum refund intuit turbotax >> that's how you may like it never even happened happens serve pro times may change, but some things remain timely for you. how m
at the sentencing hearing for the former ftx ceo. that's has my favorite part great. >> i started using schwab investing themes. so now i can easily invest in trends like wearable tech trends >> all that raves. sounds exhausting no schwab's technology does the work. so if i spot an opportunity and robotics or pets, i can buy those stocks and a few clicks can't be that easy. >> as with schwab >> schwab investing themes, 40 customizable themes up to 25 stocks in just a few...
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Mar 28, 2024
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. >>> a federal judge has sentenced ftx founder and bay area native sam bankman-fried to 25 years in prison for his role in the collapse of the digital currency exchange. he was convicted of fraud and conspiracy last november or siphoning off people's deposits. prosecutors recommended up to 50 years in prison while bankman-fried's attorney requested 6 1/2 years. >> the prosecution is able to show multiple times where sam had the opportunity to do the right thing to come clean and he chose not to do so. >> the judge also said bankman-fried lied during his trial testimony and attempted witness tampering. the judge ordered him to forfeit $11 billion . is attorneys are expected to appeal the sentence. >>> the vallejo police department is looking for a new deputy chief. joseph gomez calling it quits just nine months after starting the job. in a statement, the police department thanked deputy chief gomez for his service and wished him the best of luck in all future endeavors. >>> in baltimore, the search for survivors has been called off. authorities recovered the bodies of two constructio
. >>> a federal judge has sentenced ftx founder and bay area native sam bankman-fried to 25 years in prison for his role in the collapse of the digital currency exchange. he was convicted of fraud and conspiracy last november or siphoning off people's deposits. prosecutors recommended up to 50 years in prison while bankman-fried's attorney requested 6 1/2 years. >> the prosecution is able to show multiple times where sam had the opportunity to do the right thing to come clean and...
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Mar 28, 2024
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disgraced ftx founder sam bankman-fried has been sentenced to 25 years in prison. the 32-year-old was convicted in november of fraud and conspiracy related to his digital currency exchange platform. prosecutors argued bankman-fried misappropriated funds to gain influence in the industry, costing his customers more than $10 billion. customers still trying to get that money back. bankman-fried delivered a statement today saying he was sorry. illinois crime policies are facing fierce criticism tonight after a tragic incident left an 11-year-old boy dead. police say that boy was protecting his pregnant mother from a suspect who had been released on parole the day before. an illinois parole official has sense resigned for recommending that man's release. correspondent alexis mcadams in is commission tonight. >> jayden perkins' smile could light up the room. the 11-year-old chicago boy was a talented dancer and singer who recently celebrated a scholarship to a local dance school. >> oh my god, seriously? i always wanted to go here. >> jayden was killed earlier this month
disgraced ftx founder sam bankman-fried has been sentenced to 25 years in prison. the 32-year-old was convicted in november of fraud and conspiracy related to his digital currency exchange platform. prosecutors argued bankman-fried misappropriated funds to gain influence in the industry, costing his customers more than $10 billion. customers still trying to get that money back. bankman-fried delivered a statement today saying he was sorry. illinois crime policies are facing fierce criticism...
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Mar 28, 2024
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. >> the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by miss appropriating the money to cover his own expenses, which include purchasing luxury properties in the caribbean. so divers are trying now to recover the remains of the 4 construction workers after a bridge collapsed in baltimore. so far 2 victims have been recovered from the river. the men were repairing potholes on the francis scott key bridge early tuesday morning when it collapsed, a container ship lost power and crashed into a column holding the bridge. it's still not clear why it lost power. the national transportation safety board says the ship was carrying 56 containers of hazardous materials. >> some of the hazmat containers were breached. we have seen a sheer are seen sorry sheen on waterway, the federal state and local authorities are aware of that and they be i
. >> the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by miss appropriating the money to cover his own expenses, which include purchasing luxury properties in the caribbean. so divers are trying now to recover the remains of the 4 construction workers after...
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Mar 28, 2024
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bitcoin recently put in an all time high, when this ftx - all time high, when this ftx exchange was collapsing, that was the crypto winter, huge amounts of money lost at that stage. but it's amazing, the cycle seemed pretty short and you're also already getting record high again and not much change in the price of bitcoin as a result of what happened today. i think the previous installations of this real—life drama had affected the price more. justine, what are your thoughts on a government role here? i your thoughts on a government role here? ~ your thoughts on a government role here? ,, , ., , your thoughts on a government role here? ~ ,, , , ., here? i think you will see stronger reaulation here? i think you will see stronger regulation around _ here? i think you will see stronger regulation around crypto _ here? i think you will see stronger regulation around crypto currencyl regulation around crypto currency but i _ regulation around crypto currency but i also — regulation around crypto currency but i also think for the markets that you're seeing is comparatively new asset — that yo
bitcoin recently put in an all time high, when this ftx - all time high, when this ftx exchange was collapsing, that was the crypto winter, huge amounts of money lost at that stage. but it's amazing, the cycle seemed pretty short and you're also already getting record high again and not much change in the price of bitcoin as a result of what happened today. i think the previous installations of this real—life drama had affected the price more. justine, what are your thoughts on a government...
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Mar 28, 2024
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the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when the exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by ms appropriating the money to cover his expenses, which included purchasing luxury properties in the caribbean. the judge did say he would advise the federal bureau of prisons to sent him to a medium security prison or last near the san francisco bay area. because he's unlikely to be a physical threat to other inmates or prison staff and his autism and social awkwardness would make him vulnerable to other inmates in a high security location. we're taking a look outside. nice wide look here at san francisco right now, enjoying some sun today. a little rain yesterday break today. morris coming tomorrow. coast letting us know what's happened. i think you just said the weather. do you need me? >> we actually do still have some showers out there right now. but yes, more will be ex
the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when the exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by ms appropriating the money to cover his expenses, which included purchasing luxury properties in the caribbean. the judge did say he would advise the federal bureau of prisons to sent him to a medium security...
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Mar 28, 2024
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that was at the time ftx collapsed, but not going to get their crypto-currency, meaning some may have missed out on bitcoin's 300% rise since then, mel. >> wow kate, thank you. kate rooney, who has been covering this trial since the beginning. but to think about this as the biggest financial fraud in history, we've had -- >> we sure have. >> remarkable ones and to think this one is the biggest is -- >> well, some of the things that characterize a fraud, or kind of a go-go period where there's not a lot of due diligence involved, there's people that didn't do their work, but i think it was also a period of really extraordinary, you know, kind of risk-on and a place certainly in crypto and digital land where a lot of people, i think, were careless about who they invested in the fact is that this was a guy that really, part of this sentence, it almost sounds like some of that showed zero remorse, and that's part of it >> biggest fraud, but very short-term the real big one was the -- you don't want to promise too much madoff kept them going for decades. that's a whole different game. >> y
that was at the time ftx collapsed, but not going to get their crypto-currency, meaning some may have missed out on bitcoin's 300% rise since then, mel. >> wow kate, thank you. kate rooney, who has been covering this trial since the beginning. but to think about this as the biggest financial fraud in history, we've had -- >> we sure have. >> remarkable ones and to think this one is the biggest is -- >> well, some of the things that characterize a fraud, or kind of a...
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Mar 28, 2024
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history exchange ftx. kelly o'grady live with this story. you had breaking right right and left, did the judge slam sam bankman-fried has a scam artist obsessed with political power? it looks like he is 100 million and soleimani for political donations. >> the judge was very intense and the political donations, i came up so much. the campaign finance violations, it's not something he was charged with but at the come up as evidence edit early was it focus today in sentencing. u.s. attorney damien williams that underscores that, his deliberate ongoing lies demonstrated brazen disregard for customers expectations and disrespect for the rule of law also that he could secretly use customers money to expand his own power and influence. the judge underscored power and influence, he used it as a reason he didn't believe crypto act, he said it was a lie and a new what he was doing with the customer money. york law, it's all about intent so sam bankman-fried will serve 25 year sentence in a medium security prison that is the recommendation as of now.
history exchange ftx. kelly o'grady live with this story. you had breaking right right and left, did the judge slam sam bankman-fried has a scam artist obsessed with political power? it looks like he is 100 million and soleimani for political donations. >> the judge was very intense and the political donations, i came up so much. the campaign finance violations, it's not something he was charged with but at the come up as evidence edit early was it focus today in sentencing. u.s. attorney...
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Mar 28, 2024
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kaplan said that he rejected entirely the defendant's assertation that no—one was harmed in the fall of ftx. he wanted to make as much money as possible and then give all of it away. he was the subject of flattering media profiles. "was he the next warren buffett," one magazine front cover set of him. it's a 25—year sentence for sam bankman—fried. we'll see how the young cryptocurrency billionaire lost his and his customers' money. breaking news from south africa. at least 45 people killed as bus crashes off a bridge. also on the programme, scotland could become the first part of the uk to legalise assisted dying. we'll look at how different countries around the world approach these sensitive decisions. and we'll have the latest from the world of artificial intelligence. ai therapy, genital scans and perfect pints all explained in al decoded. we'll we�* ll start we'll start this hour with this breaking news out of south africa. 45 people at least are believed to have been killed after a bus crashed in the south african province of limpopo. these are the latest pictures we have here. j
kaplan said that he rejected entirely the defendant's assertation that no—one was harmed in the fall of ftx. he wanted to make as much money as possible and then give all of it away. he was the subject of flattering media profiles. "was he the next warren buffett," one magazine front cover set of him. it's a 25—year sentence for sam bankman—fried. we'll see how the young cryptocurrency billionaire lost his and his customers' money. breaking news from south africa. at least 45...
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Mar 28, 2024
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the ftx bankruptcy in 2022 had a ripple effect on the market. several other cryptocurrency companies quickly went belly up as a result, his lawyer painted him as a misunderstood, awkward, math nerd who loves video games, animals, and vegans but the judge saw very differently saying bankman-fried was politically motivated and there is a risk he would be in a position to do something very bad. again in the future before the judge delivered the senate's bankman-fried apologized in court to all those involved saying his decisions, quote, haunt him every day. let's bring in cnn's kara scannell and sara fischer as well. so, so kara, a very basic question here. will spf, victims get any or close to all of their money back? >> it looks. like they will get some of their money back. the question will be, is it 100 cents on the dollar, which is what bankman-fried was arguing to the judge in that people will be taking care of who should get a lenient sentence. prosecutors say, not so fast that there is, there is recovery. there was this big bankruptcy proce
the ftx bankruptcy in 2022 had a ripple effect on the market. several other cryptocurrency companies quickly went belly up as a result, his lawyer painted him as a misunderstood, awkward, math nerd who loves video games, animals, and vegans but the judge saw very differently saying bankman-fried was politically motivated and there is a risk he would be in a position to do something very bad. again in the future before the judge delivered the senate's bankman-fried apologized in court to all...
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Mar 28, 2024
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otra última hora nos lleva un tribunal del bajo manhattan donde el cofundador de ftx ha sido condenado a 25 años de cárcel hace 4 meses fue declarado culpable de orquestar un fraude multimillonario de criptomonedas que afectó a clientes, inversores y prestamistas. las sentencia se le ha leído en un tribunal del manhattan ante el cual el acusado se disculpó diciendo que había tomado una serie de decisiones egoístas mientras dirigía dicha empresa. en california, una madre vivió momentos de terror durante un tiroteo. vea. el video de seguridad muestra cómo las balas impactan en su casa y ella corre a proteger con su cuerpo a su pequeño hijo de 4 años que dormía en un sillón. luego lo tomó en sus brazos y corrió para alejarlo del peligro. la familia se había mudado hace una semana y cree que los agresores los confundieron. en total fueron 41 balazos y la policía busca a 2 sospechosos, un hombre de 22 años de edad comparece hoy por primera vez en corte, acusado de apuñalar y matar a 4 personas y herir a otras 7 en bradford, al noreste de chicago. soto fue detenido ayer d
otra última hora nos lleva un tribunal del bajo manhattan donde el cofundador de ftx ha sido condenado a 25 años de cárcel hace 4 meses fue declarado culpable de orquestar un fraude multimillonario de criptomonedas que afectó a clientes, inversores y prestamistas. las sentencia se le ha leído en un tribunal del manhattan ante el cual el acusado se disculpó diciendo que había tomado una serie de decisiones egoístas mientras dirigía dicha empresa. en california, una madre vivió momentos...
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Mar 28, 2024
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kaplan said that he rejected entirely the defendant's assertation that no—one was harmed in the fall of ftx. he wanted to make as much money as possible and then give all of it away. he was the subject of flattering media profiles. "was he the next warren buffett," one magazine front cover set of him. it's a 25—year sentence for sam bankman—fried. we'll see how the young cryptocurrency billionaire lost his and his customers' money. breaking news from south africa. at least 45 people killed as bus crashes off a bridge.
kaplan said that he rejected entirely the defendant's assertation that no—one was harmed in the fall of ftx. he wanted to make as much money as possible and then give all of it away. he was the subject of flattering media profiles. "was he the next warren buffett," one magazine front cover set of him. it's a 25—year sentence for sam bankman—fried. we'll see how the young cryptocurrency billionaire lost his and his customers' money. breaking news from south africa. at least 45...
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kaplan said he projected entirely the defendant's asser tatian that no one was harmed in the fall of ftx. that was the crypto currency exchange founded by sam bankman—fried. he pointed to $8 billion of customer losses totalling losses to customers investors and creditors more than $11 billion. judge kaplan said that that informs how he made his sentencing decision. as he said, sam bankman—fried sentenced to 25 years in jail, that is far shy of the 40—50 years —— sentencing guidelines provided to thejudge for the crimes sentencing guidelines provided to the judge for the crimes that sam bankman—fried was found guilty of totalled more than hundred years which is easily tense about to a life sentence for the 32—year—old bankman—fried. its, life sentence for the 32-year-old bankman-fried.— life sentence for the 32-year-old bankman-fried. a crypto “ournalist followin t bankman-fried. a crypto “ournalist feiiewingttefi bankman-fried. a crypto “ournalist following the case h bankman-fried. a crypto journalist following the case extensively - bankman-fried. a crypto jo
kaplan said he projected entirely the defendant's asser tatian that no one was harmed in the fall of ftx. that was the crypto currency exchange founded by sam bankman—fried. he pointed to $8 billion of customer losses totalling losses to customers investors and creditors more than $11 billion. judge kaplan said that that informs how he made his sentencing decision. as he said, sam bankman—fried sentenced to 25 years in jail, that is far shy of the 40—50 years —— sentencing guidelines...
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Mar 28, 2024
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what's going on with ftx now? >> not i don't that ftx exists. they've recovered money. the folks employed there are flow longer involved with the company. it's really not a player in the crypto space any longer. crypto is still alive and well and kicking. bitcoin's at $70,000. it hasn't had any impact necessarily on the price of the coin itself or the industry overall. but ftx is no longer. >> is he going to have the chance to try to shorten the sentence? >> i would imagine so. michael milken was convicted and sentenced to 24 months, got out in 22. elizabeth holmes may be able to also shorten her sentence. bernie madoff died in prison, so that -- many ways is a moot point. yeah, i suspect he might. my preference was that he serve the full time. this is -- this was a big fraud. one of the biggest frauds in the history of financial markets. and so you know, i think it's certainly a fair sentence, my own opinion, not a legal opinion. but you know, he did use nor money and did lose investor money and used it not only to live high on the hog, he made political donations, phi
what's going on with ftx now? >> not i don't that ftx exists. they've recovered money. the folks employed there are flow longer involved with the company. it's really not a player in the crypto space any longer. crypto is still alive and well and kicking. bitcoin's at $70,000. it hasn't had any impact necessarily on the price of the coin itself or the industry overall. but ftx is no longer. >> is he going to have the chance to try to shorten the sentence? >> i would imagine...
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Mar 28, 2024
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digital currency e wobbled and hen dove after sam bankman-fried, the ceo of cryptocurrency exchange ftx, was extradited from his luxury perch in the bahamas and hauled back to the u.s. to face charges he stole billions from his customers. today he was sentenced to 25 years in prison for defrauding hundreds of those customers. it all a went down in federal court in lower manhattan. that is exactly where kelly o'grady is standing by live. kelly. >> reporter: i mean, 25 years, i think in this case this is essentially throwing the book at him. the max that they were looking for was 110. the prosecution was looking between 40-50. but the defense was seeking just 5-6 and a half years. so this really does send a message to sam is himself, someone who's just very young at 32, but also the broader crypto community. just a couple of notes on that sentencing, he's recommended to serve it in a medium security prison in san francisco so his family can come visit him. he's also required to pay $11 billion. of course, that is just a mere formality geffen that he's broke. -- given that he's broke. the
digital currency e wobbled and hen dove after sam bankman-fried, the ceo of cryptocurrency exchange ftx, was extradited from his luxury perch in the bahamas and hauled back to the u.s. to face charges he stole billions from his customers. today he was sentenced to 25 years in prison for defrauding hundreds of those customers. it all a went down in federal court in lower manhattan. that is exactly where kelly o'grady is standing by live. kelly. >> reporter: i mean, 25 years, i think in...
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Mar 28, 2024
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the co-founder of cryptocurrency ftx , sam bankman-fried, has been sentenced now to 25 years in federal prison for fraud. the judge announcing that the sentence reflects the, quote, risk bankman-fried could do something similar in the future. the bay area man was once hailed as a cryptocurrency mogul who had tom brady and steph curry endorsed his services, but a jury found the 32 year old guilty of two counts of fraud and five counts of conspiracy. prosecutors accused him of swindling billions of dollars from investors. the investigation into this week's deadly bridge collapse in baltimore continues. officials say four people now are being. are being sought. the bodies of four people are being sought right now, and they're going to do that after the debris from the wreckage is removed. connor hansen has the latest developments from maryland. >> emergency crews are pausing search efforts and moving into a salvage operation as they try to find more victims from tuesday's bridge collapse. now, the focus will be on removing debris and reopening that channel. divers recovering the bodies of
the co-founder of cryptocurrency ftx , sam bankman-fried, has been sentenced now to 25 years in federal prison for fraud. the judge announcing that the sentence reflects the, quote, risk bankman-fried could do something similar in the future. the bay area man was once hailed as a cryptocurrency mogul who had tom brady and steph curry endorsed his services, but a jury found the 32 year old guilty of two counts of fraud and five counts of conspiracy. prosecutors accused him of swindling billions...
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just 2 short years ago, the palo alto native was a titan in the crypto industry as ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering related to the cryptocurrency exchange. prosecutors say bankman-fried cost investors over 10 billion dollars but misappropriating the money to cover his own expenses, which included purchasing luxury properties in the caribbean. city. officials in trying to fix an accounting error after more than $100,000 earmarked for affordable housing was spent on a lawsuit. that lawsuit was filed last year by housing advocates against the city's noncompliance state mandated housing plan. the city used about $165,000 from the 5 million dollar fund for the lawsuit. in the east bay, the east bay spca got $50,000 to help more animals. the organization says most of the money will go towards the hold for home program. a crisis boarding program for pets whose owners are experiencing a short-term crisis. and the goal here is to give pet owners time to get on their fe
just 2 short years ago, the palo alto native was a titan in the crypto industry as ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering related to the cryptocurrency exchange. prosecutors say bankman-fried cost investors over 10 billion dollars but misappropriating the money to cover his own expenses, which included purchasing luxury properties in the caribbean. city. officials in trying to fix...
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Mar 28, 2024
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the amount of time the founder of ftx will spend behind bars after being found guilty of crypto fraud. plus opening day is here and it may be the final one for the a's in oakland. the action some fans are taking to protest the team's planned move to vegas. ♪♪ ♪♪ >>> good morning, and thanks for joining us for our midday newscast. i'm marcus washington. our top story, sam bankman-fried sentenced to 25 years in prison. this is for his role in defrauding users of the collapsed cryptocurrency exchange ftx, that judge delivering the sentence that bankman-fried committed obstruction of justice and witness tampering while mounting his defense. the prosecution sought 50 years while his legal team argued for no more than six and a half years. he was convicted on several criminal counts back in november. >>> well, here we are, opening day and there's really nothing quite like it, right? but if it's the last opening day ever for your beloved team in its current city, well, that's what a's fans are hearing as the season opens, nbc bay area's bob redell say one group of fans, they hope tha
the amount of time the founder of ftx will spend behind bars after being found guilty of crypto fraud. plus opening day is here and it may be the final one for the a's in oakland. the action some fans are taking to protest the team's planned move to vegas. ♪♪ ♪♪ >>> good morning, and thanks for joining us for our midday newscast. i'm marcus washington. our top story, sam bankman-fried sentenced to 25 years in prison. this is for his role in defrauding users of the collapsed...
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Mar 28, 2024
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king. 32—year—old sam bankman—fried became a billionaire through his cryptocurrency exchange platform ftx, but but the company collapsed spectacularly in 2022. now he will spend 25 years in prison for lying to investors and stealing customers funds. for more on this here's our north america business correspondent erin delmore. tell us more about it. the judge tell us more about it. the 'udge said today in i tell us more about it. the 'udge said today in a i tell us more about it. the 'udge said today in a court * tell us more about it. the judge said today in a court house - tell us more about it. the judge l said today in a court house behind me that he rejected entirely sam bankman—fried's claims that there were no actual losses when the cryptocurrency exchange ftx collapsed in november 2022. instead, thejudge pointed collapsed in november 2022. instead, the judge pointed to $8 collapsed in november 2022. instead, thejudge pointed to $8 billion in losses from customers, and more losses from customers, and more losses by creditors and investors totalling more than $11 billion. he said
king. 32—year—old sam bankman—fried became a billionaire through his cryptocurrency exchange platform ftx, but but the company collapsed spectacularly in 2022. now he will spend 25 years in prison for lying to investors and stealing customers funds. for more on this here's our north america business correspondent erin delmore. tell us more about it. the judge tell us more about it. the 'udge said today in i tell us more about it. the 'udge said today in a i tell us more about it. the...
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Mar 28, 2024
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. >>> over to today's breaking news that is that ftx founder sam bankman-fried sentenced now to 25 years in prison kate roone you is live out the courthouse with the story. hi, kate. >> reporter: hey, there tyler. sam bankman-fried sentenced to 25 years in prison the big headline for what u.s. prosecutors argue was one of the biggest financial frauds in u.s. history. capped off the fall of the one-time crypto billionaire less than two years ago, living in a $30 million penthouse in the bahamas and really the face of the crypto industry. today, took the stand in a beige prison jumpsuit pleading for the judge's leniency much more contrite, apologetic than defiance and evasion heard from him on the stand where cross-examined in the fall in his criminal trial he said today his actions haunt hi every day. forfeit $11 billion part of the sentencing and admonished. the 32-year-old pointed to the "enormous harm and brazenous of his actions" and exceptional flexible with the truth and lack of any reremorse and obstructed justice, committed perjury at least three times on the witness stand. he did
. >>> over to today's breaking news that is that ftx founder sam bankman-fried sentenced now to 25 years in prison kate roone you is live out the courthouse with the story. hi, kate. >> reporter: hey, there tyler. sam bankman-fried sentenced to 25 years in prison the big headline for what u.s. prosecutors argue was one of the biggest financial frauds in u.s. history. capped off the fall of the one-time crypto billionaire less than two years ago, living in a $30 million penthouse...
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just how much cash they're planning to bring in >> plus ftx founder sam bankman-fried has learned his fate after defrauding investors out of billions how long hill spin behind bars for carrying out one of the largest white-collar crimes in history >> check. >> we hear nothing. >> a space shuttle accidents, usually not one thing. it's a series of events is that part of the wing coming apart >> space shuttle columbia. he final flight or mere sunday, april 7 at nine on cnn, see idp disrupts. >> the idp derails. >> let's be honest sucks but living to see idp doesn't have to. >> when you sign up at shining through cid p.com, you'll find inspiration and real patient stories helpful tips, reliable information, and more >> cid p can be tough. >> but finding hope just got a little easier >> sign up is shining through cip.com it'd be heard, be hopeful bu the de, >> you, get your clear choice dental implants makes every day let's dig in day a chow down day >> a tick, a big bite. day >> a perfectly delicious de love >> my new teeth de because you're clear choice day is the day everything is back
just how much cash they're planning to bring in >> plus ftx founder sam bankman-fried has learned his fate after defrauding investors out of billions how long hill spin behind bars for carrying out one of the largest white-collar crimes in history >> check. >> we hear nothing. >> a space shuttle accidents, usually not one thing. it's a series of events is that part of the wing coming apart >> space shuttle columbia. he final flight or mere sunday, april 7 at nine...
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Mar 28, 2024
03/24
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sam bankman—fried's firm , ftx, was bankman—fried's firm, ftx, was valued at $32 billion before it went bankrupt in 2022. the 32 year old has been convicted of stealing 8 billion usd from his customers. his sentencing today marks a dramatic downfall for the former billionaire, who was once a major political donor. in news here at home plans to reform britain's leasehold property laws have been criticised by peers who say the bill doesn't go far enough. leaseholds allow homeowners to buy live in property for buy and live in a property for a set number of years, while paying set number of years, while paying charges for the land. however, there's been mounting criticism of the system, with many residents seeing charges rise dramatically, often with little explanation, meaning homeowners can often be locked into contracts with into costly contracts with little right to redress. and the government has dropped its pledge to scrap leaseholds. last yean pledge to scrap leaseholds. last year, labour's housing spokesperson baroness taylor called the government's current proposal a shell of a bil
sam bankman—fried's firm , ftx, was bankman—fried's firm, ftx, was valued at $32 billion before it went bankrupt in 2022. the 32 year old has been convicted of stealing 8 billion usd from his customers. his sentencing today marks a dramatic downfall for the former billionaire, who was once a major political donor. in news here at home plans to reform britain's leasehold property laws have been criticised by peers who say the bill doesn't go far enough. leaseholds allow homeowners to buy...
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Mar 28, 2024
03/24
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>> it doesn't seem like he's got the money personally, but the attorneys who are in charge of ftx now who are running the bankruptcy, they've come out and said we've been scouring the world for assets. we found a lot of them. we think we will be able to repay the customers. a lot of that is actually because crypto has been booming lately, and sam's assets included a lot of like random coins that he wasn't able to sell when customers wanted their money back. the bankruptcy estate held onto those and has gained billions of dollars on its crypto holdings, but the judge addressed that in court today, and he said, listen, to put it colloquially, it's as if you went in and robbed a bank, you took the money to a casino in las vegas, you gambled with it, you won. i don't care, you still robbed the bank. >> that's an interesting analogy. so what does this mean for crypto overall, do you think, or does it mean anything for crypto overall? >> it means a lot of people who thought it was a legitimate long-term investment or a hedge for inflation, those people -- those people really lost. they lost
>> it doesn't seem like he's got the money personally, but the attorneys who are in charge of ftx now who are running the bankruptcy, they've come out and said we've been scouring the world for assets. we found a lot of them. we think we will be able to repay the customers. a lot of that is actually because crypto has been booming lately, and sam's assets included a lot of like random coins that he wasn't able to sell when customers wanted their money back. the bankruptcy estate held onto...
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Mar 28, 2024
03/24
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and pounds for crypto currency and he assured those customers, as his ftx was collapsing was safe but when customers went to withdraw funds in november 2022 they were not there in the jury had found that it had been moved to an investment fund and that sam bankman—fried used that money to enrich himself and his inner circle to make political donations in charitable contributions and buy luxury real estate. so when customers went to pull their money out, it was not there. £311" out, it was not there. our correspondent _ out, it was not there. our correspondent in - out, it was not there. our correspondent in new - out, it was not there. our correspondent in new york there. around the world and across the uk. this is bbc news. this is bbc news. in india, deepening religious polarisation and increasing islamophobia have marked narendra modi's second term in power. ahead of the general election, which is due to begin next month, people from the muslim community, which constitutes india's largest minority, have told the bbc they feel they are being marginalised and suppressed. the gover
and pounds for crypto currency and he assured those customers, as his ftx was collapsing was safe but when customers went to withdraw funds in november 2022 they were not there in the jury had found that it had been moved to an investment fund and that sam bankman—fried used that money to enrich himself and his inner circle to make political donations in charitable contributions and buy luxury real estate. so when customers went to pull their money out, it was not there. £311" out, it...
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Mar 28, 2024
03/24
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and still ahead on the kron 4 morning news ftx founder and bay area native sam bankman-fried has been sentenced in his role in the cryptocurrency fraud. will have that in a moment. >> plus, a family continues mourning the loss of a man who was shot and killed at a playground 2 years ago in san francisco. police are still trying to figure out who did it. >> san francisco is ready for the boss. they just rename the street outside of the chase center has long bruce springsteen and the e street band i because some simple, you know, all all of the e-street skew behind. james, where were you anyway? the bosses perform to put this off. but its chase center tonight and sunday sold out by a long shot. i know when you put up my brothers going, but you know what? we a terrible rather i'm not going to not know. is that enough for because precinct got sick. he had this peptic ulcer thing going on. and so now he's going to do a show about that. well, and here's some more known what i want his weather. the weather is going to be fine for those that are driving out to the chase ended this weekend. jo
and still ahead on the kron 4 morning news ftx founder and bay area native sam bankman-fried has been sentenced in his role in the cryptocurrency fraud. will have that in a moment. >> plus, a family continues mourning the loss of a man who was shot and killed at a playground 2 years ago in san francisco. police are still trying to figure out who did it. >> san francisco is ready for the boss. they just rename the street outside of the chase center has long bruce springsteen and the...
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Mar 28, 2024
03/24
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sam bankman-fried, the former ceo of ftx, seen as the legitimate face of the cryptocurrency industry, now sentenced to 25 years, capping off what prosecutors call one of the largest financial frauds in u.s. history, ordering him to forfeit $11 billion, recommending jail in the san francisco bay area the defense team, key lawyer, said there will be an appeal we also have a statement from sam bankman-fried's family saying we are heart broken and will continue to fight for our son. the judge today talked about the enormous harm sam bankman-fried did, and his exceptional flexibility with the truth and an apparent lack of any real remorse, which we got some of the reasoning behind his sentencing one of the key parts, perjury and lack of remorse played into the sentencing >> what was the emotion in the courtroom? you were outside as people were leaving, but what was the emotion from his parents >> reporter: from his parents, i was face to face with his parents as they walked out we were asking for a comment they said, please respect our space and our time here. they did kind of pause for a
sam bankman-fried, the former ceo of ftx, seen as the legitimate face of the cryptocurrency industry, now sentenced to 25 years, capping off what prosecutors call one of the largest financial frauds in u.s. history, ordering him to forfeit $11 billion, recommending jail in the san francisco bay area the defense team, key lawyer, said there will be an appeal we also have a statement from sam bankman-fried's family saying we are heart broken and will continue to fight for our son. the judge today...
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Mar 28, 2024
03/24
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when ftx collapsed bitcoin was worth around $21,000. at its current price it is $70,000. it hasn't stopped the majority rise in crypto currencies and another boom and yet we don't have more rules yet. the other thing worth pointing out is that sam bankman—fried's nemesis, the ceo of binance also faces his own legal challenges and he'll be so instant in a separate case on april 30. , . ., , ., instant in a separate case on april 30. -- sentenced in a separate case. thank yom — here in the uk, more than 200 workers are taking part in two days of strike action at an amazon site in birmingham. members of the gmb union have been striking at the online retailer's fulfilment centre since wednesday. it will be the latest industrial action over a long—running dispute, with gmb calling for a £15—per—hour — that's around $18 — minimum pay rate — and union rights. in november last year, amazon workers from 30 countries went on strike during black friday, over pay and conditions. so are these strikes having any effect? eva pascoe is e—commerce director for the retai
when ftx collapsed bitcoin was worth around $21,000. at its current price it is $70,000. it hasn't stopped the majority rise in crypto currencies and another boom and yet we don't have more rules yet. the other thing worth pointing out is that sam bankman—fried's nemesis, the ceo of binance also faces his own legal challenges and he'll be so instant in a separate case on april 30. , . ., , ., instant in a separate case on april 30. -- sentenced in a separate case. thank yom — here in the...
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Mar 28, 2024
03/24
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there are about 1.2 million people who were still out of pocket from the ftx collapse. the defence has been maintaining that 11 billion we heard today, i have heard it is 8 billion, most of that money that has gone missing has been recovered by the debtors and will be given back to the individuals, but of course they will be given the monetary terms that they lost back in 2022. and of course, if you had one bitcoin on the ftx exchange in 2022 you would have lost 16,000, but if you would have lost 16,000, but if you had been given back that bitcoin, today's value is more like 70,000. i would bitcoin, today's value is more like 70,000. iwould be bitcoin, today's value is more like 70,000. i would be very interested to see whether victims make of this. i know one particular high—profile victim that has been a leading campaignerfor victim that has been a leading campaigner for other victims, victim that has been a leading campaignerfor other victims, he is campaigner for other victims, he is about campaignerfor other victims, he is about £2 million out of pocket. and i k
there are about 1.2 million people who were still out of pocket from the ftx collapse. the defence has been maintaining that 11 billion we heard today, i have heard it is 8 billion, most of that money that has gone missing has been recovered by the debtors and will be given back to the individuals, but of course they will be given the monetary terms that they lost back in 2022. and of course, if you had one bitcoin on the ftx exchange in 2022 you would have lost 16,000, but if you would have...
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Mar 28, 2024
03/24
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. >>> bay area native sam bankman-fried guilty of fraud and conspiracy after the collapse of ftx. coming up , the sentence just handed out. >>> her mother died from a botched surgery but california law severely limited amateur family could get from a medical malpractic here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. >>> this just in. a federal judge has sentenced sam bankman-fried to 25 years in prison for his role in the collapse of a digital currency exchange , ftx. the 32-year-old was convicted of fraud and conspiracy last november. for siphoning off people's deposits. is spending included purchases of luxury properties, flights on private jets and lar
. >>> bay area native sam bankman-fried guilty of fraud and conspiracy after the collapse of ftx. coming up , the sentence just handed out. >>> her mother died from a botched surgery but california law severely limited amateur family could get from a medical malpractic here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it...