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Mar 21, 2024
03/24
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the development of the fiber network should be implemented, fiber to homes or fiber to ftx points , so to speak. let's start, the implementation of this project was started in march of 1400 and so far more than five and a half million households have been covered, that is, this the possibility has been provided for them, ten communication companies, including irancell, rightel , shuttle, fanap, asiatech, hayob, sebant, and mebinnet , have participated in its implementation, and each of them has taken over a province and a city in the country. radio communications regulatory organization. he also supervises the implementation of this plan , if an operator does not fulfill his commitment , those commitments will be taken away and given to another operator. the commitment of 20 million covers in the 13th government is the first step. and in the 7th plan , it is predicted that by the end of the 7th plan, we will have 20 million connections, the implementation of this plan will increase the speed the stable internet comes with a reduction in the internet load , and it has led to people's sa
the development of the fiber network should be implemented, fiber to homes or fiber to ftx points , so to speak. let's start, the implementation of this project was started in march of 1400 and so far more than five and a half million households have been covered, that is, this the possibility has been provided for them, ten communication companies, including irancell, rightel , shuttle, fanap, asiatech, hayob, sebant, and mebinnet , have participated in its implementation, and each of them has...
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Mar 22, 2024
03/24
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IRINN
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fiber to homes or fiber optic to points on ftx is so called on the agenda. god willing , we will be able to launch 20 million high-speed broadband all over the country. the implementation of this plan was started in march 1400, and so far more than five and a half million households have been covered , which means that this opportunity has been provided to them. currently, there are 10 communication companies, including the telecommunications company. irancell, rightel , shuttle, fanap, asiatec, haib, the pioneers of sebant, mebinnet , are participating in its implementation, and each province and city in the country has taken over. cra and radio communication also supervises the implementation of this plan . if an operator does not fulfill his commitment , those commitments will be taken away and given to another operator. the commitment of 20 million covers in the 13th government is the first step and is foreseen in the 7th plan. by the end of the seventh program , we will have 20 million connections. the implementation of this plan increases the speed. th
fiber to homes or fiber optic to points on ftx is so called on the agenda. god willing , we will be able to launch 20 million high-speed broadband all over the country. the implementation of this plan was started in march 1400, and so far more than five and a half million households have been covered , which means that this opportunity has been provided to them. currently, there are 10 communication companies, including the telecommunications company. irancell, rightel , shuttle, fanap,...
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Mar 22, 2024
03/24
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FBC
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liquidations going on in the gray scale bitcoin trust because that's where a ton of the assets where ftx, the defunct currency exchange where sam bankman-fried's going to jail for a long time, the recovered funds was parked in that etf, that fund. and as that fund is being liquidated to pay out the victims, it's putting a lot of pressure if on bitcoin. but the flows on a daily basis into the new etfs are outstripping new supply. that's going to comet. we have the halving event which is going to cut the new supply if dramatically coming up in late april. ashley: right. >> so, look, i'm very bullish on this. we have $2 trillion deficits as far as the eye can see. you have the government trying to seize assets can -- ashley: right. >> -- from a former president. what else do you want from it? ashley: exactly. 200,000. mike lee, terrific stuff, sir. thank you so much is. appreciate it. by the way, monday is donald trump's deadline to secure that a $454 million bond many his new york civil fraud trial, so what's the latest on this, lauren? lauren: trump is posting. he claims he has the cash,
liquidations going on in the gray scale bitcoin trust because that's where a ton of the assets where ftx, the defunct currency exchange where sam bankman-fried's going to jail for a long time, the recovered funds was parked in that etf, that fund. and as that fund is being liquidated to pay out the victims, it's putting a lot of pressure if on bitcoin. but the flows on a daily basis into the new etfs are outstripping new supply. that's going to comet. we have the halving event which is going to...
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Mar 22, 2024
03/24
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the proceeds will be used eventually to pay back ftx exercises. the banker of the process declined to comment in this story. and anthropic has raised more than $7 billion the past few years from tech giants including amazon and alphabet and salesforce, and the language model competing with open ai's chat gpt, these are class b shares sold at the same valuation i'm told as the company's last financing round which a source tells me $18.4 billion. the founders of anthropic pre-emptively told bankers they would not accept saudi money they do not plan to challenge money from other sovereign wealth funds including the united arab emirates, the uae-based fund that is actively looking at investing, and one of the people that i spoke to, the potential buyers of ftx's stake are also looking at a bit of a syndicate of new investors. a source tell mese that i'm told that amazon and alphabet are not increasing their holings through this particular stake. anthropic and google and amazon declined to comment. back to you. >> 18.4 $18.4 billion, i mean i grand sch
the proceeds will be used eventually to pay back ftx exercises. the banker of the process declined to comment in this story. and anthropic has raised more than $7 billion the past few years from tech giants including amazon and alphabet and salesforce, and the language model competing with open ai's chat gpt, these are class b shares sold at the same valuation i'm told as the company's last financing round which a source tells me $18.4 billion. the founders of anthropic pre-emptively told...
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Mar 22, 2024
03/24
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KNTV
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operation broken heart the target men accused of trying to engage children in ftx acts and one of the men arrested was a local high school teacher. we bring in jody hernandez who has more on the story. >> again the sting was called operation broken heart and it took place over five days now officers posing as children went online hoping to find and identify sexual predators and it works. six men in all engage in chats with those officers and they thought they were having conversations with 13-year-old girls in one case a 13-year-old boy and most of those men arrange to have meet ups for sex but when they arrived there were some meeting places in danville and an apartment complex and a park and instead of fighting children they found officers. all six men were arrested. >> jodi, six men one of the men was a haywood high school teacher. any response from the school, parent or student about this arrest? >> reporter: that is right. one of the men is or was a substitute 10th grade english teacher at tennyson high school in hayward. we did talk to a district spokesperson over there. apparen
operation broken heart the target men accused of trying to engage children in ftx acts and one of the men arrested was a local high school teacher. we bring in jody hernandez who has more on the story. >> again the sting was called operation broken heart and it took place over five days now officers posing as children went online hoping to find and identify sexual predators and it works. six men in all engage in chats with those officers and they thought they were having conversations...
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Mar 24, 2024
03/24
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CNNW
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it is now bankrupt ftx crypto exchange under federal sentencing guidelines, you could face a maximum sentence of 110 years, but prosecutors our only asking for 40 to 50 and the queen bee herself beyond say will drop for a highly anticipated country album friday titled cowboy carter. it is a second act to hit to her hit 2022 album, renaissance beyond say, says fans can expect a few surprise collaborations with boat brilliant artists >> yeah looking forward to that one >> here's a question for you. in the next few weeks, could there be another house speaker battle? there are a lot of republicans who are upset after representative marjorie taylor greene filed a motion to oust mike johnson. now, in the five months and he's had the gavel, he's already stirrups and dissent among hardline republicans. they're not happy with some of his more bipartisan compromises. even with that tumult within the party many members of the gop do not want to see house action grind to a halt for weeks as they tried to find another new leader. joi us now is cnn's chief congressional correspondent, manu raju. m
it is now bankrupt ftx crypto exchange under federal sentencing guidelines, you could face a maximum sentence of 110 years, but prosecutors our only asking for 40 to 50 and the queen bee herself beyond say will drop for a highly anticipated country album friday titled cowboy carter. it is a second act to hit to her hit 2022 album, renaissance beyond say, says fans can expect a few surprise collaborations with boat brilliant artists >> yeah looking forward to that one >> here's a...
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Mar 24, 2024
03/24
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NTV
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, and then ftx returned it to the democrats. in a strange way. coincidentally, the owner of this office , sam benkman fried, was the largest sponsor of the us democratic party. this is one of the explanations why the democrats are giving all this money to ukraine, because it goes through zelensky. when shaher-maher was revealed, diles benk monfried fled to the bahamas and was arrested there. now he is being held in prison so that he will not be able to testify publicly to congress before the election. the investigation materials are classified. this was one of the instruments there may be many more things that have not been revealed. i know that... he says the west cannot be trusted, and russia must go destroy all these people in this kingdom of nazism, in the entire political sphere of ukraine. russia should go take over everything there and destroy all the bad guys. otherwise, russia may need to start this war again in the future. scott benat himself traveled to donbass to see with his own eyes the war that his country is wagi
, and then ftx returned it to the democrats. in a strange way. coincidentally, the owner of this office , sam benkman fried, was the largest sponsor of the us democratic party. this is one of the explanations why the democrats are giving all this money to ukraine, because it goes through zelensky. when shaher-maher was revealed, diles benk monfried fled to the bahamas and was arrested there. now he is being held in prison so that he will not be able to testify publicly to congress before the...
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Mar 25, 2024
03/24
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. >> ftx, this is according to bankruptcy filings as we reported on friday there's a major sovereign wealth fun when it comes to an tropic the uae was interested, and they said they would not accept anything from the saudis because of the national security risk, and the reason the stake is being unloaded is because of the bankruptcy process the sales we are hearing, it's worth about $880 million another major backer, it's where sam bankman-fried began his career the sales are subject to bankruptcy court approval, scott. >> thank you >>> coming up, another big story we are following, boeing ceo stepping down. steve weiss just bought the stock on friday, and we will get a trade update from him on that. we have other stock trades on the move as well, and we are back in two minutes. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. the go-tos that keep us going. the places we cheer. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. see why comc
. >> ftx, this is according to bankruptcy filings as we reported on friday there's a major sovereign wealth fun when it comes to an tropic the uae was interested, and they said they would not accept anything from the saudis because of the national security risk, and the reason the stake is being unloaded is because of the bankruptcy process the sales we are hearing, it's worth about $880 million another major backer, it's where sam bankman-fried began his career the sales are subject to...
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Mar 26, 2024
03/24
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CNBC
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look at a show like show gunn, that's on ftx, but also on hulu. you can see that same phenomenon plague out an i.d. show is right now number one on max so sort of the special exclusive content for streaming is really getting pressure and i think that's part of the reason why subscriber growth is slowing. and it's just -- it points out i think what you're hitting at, which is making this transition from an incredible business, where everybody paid for every channel, to a streaming business where every day, you can scchooe to click on or off, subscribe or unsubscribe, is a dramatic different business and i think that plays back to the whole disney debate around activism and what's happening with the board, is what happens with secession the number one disney has to figure out over the next three year is bob iger can't stay forever. i know he's been there a long time now and came back, but they need to figure out a new ceo >> yep, we're playing it out "the gentlemen," that's a good one. a programming note, new disney board member james gorman will be
look at a show like show gunn, that's on ftx, but also on hulu. you can see that same phenomenon plague out an i.d. show is right now number one on max so sort of the special exclusive content for streaming is really getting pressure and i think that's part of the reason why subscriber growth is slowing. and it's just -- it points out i think what you're hitting at, which is making this transition from an incredible business, where everybody paid for every channel, to a streaming business where...
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Mar 26, 2024
03/24
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FBC
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back down to around that $17-18,000 the prior cycle high, just the ftx, just the ftx scandal saw the price fall below it. it quickly recovered. so this cycle would put us at a triple, if those coincide with what is called the halving event with bitcoin miners. the rewards are cut in half. that in addition to a trillion dollars of new debt every hundred days created by the government. stuart: we shall see. thank, mike. the market is open. fox corporation rang the bell on the nasdaq. we've opened with more than half of the dow stocks, the dow 30, on the upside, and the dow itself is up about 50 points. move on to the s&p 500, also slightly higher, up about a quarter percent, 5230, is the level. and the nasdaq composite also opening higher this morning, a gain of almost .4%, 16,448. better have a look at big peck tech. where are they -- big tech. meta, microsoft, alphabet, amazon on the up upside, but apple is down. just holding on to the 170 level at this moment. truth social has official hi started trading -- officially started trading. i'm looking at a gain of 57%. tell me more, plea
back down to around that $17-18,000 the prior cycle high, just the ftx, just the ftx scandal saw the price fall below it. it quickly recovered. so this cycle would put us at a triple, if those coincide with what is called the halving event with bitcoin miners. the rewards are cut in half. that in addition to a trillion dollars of new debt every hundred days created by the government. stuart: we shall see. thank, mike. the market is open. fox corporation rang the bell on the nasdaq. we've opened...
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Mar 27, 2024
03/24
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BLOOMBERG
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the book on everything ftx. the sentencing, this is a bookend to a saga you covered closely. what you watching for? >> the judge has a lot of discretion to determine spf's fate -- sbf's fate. the defense arguing he should get a light sentence. the prosecution is saying this is one of the biggest frauds in history. they are asking for a 40 or 50 years. the judge could go for more than that. it is up to lewis kaplan. during the trial, sam annoyed him quite a bit it seemed like. it would be interesting to see how he handles this tomorrow. >> one of the other names in this is john jay the third who said sam bankman-fried zero harm argument was rubbish. there was a lot of public pressure here. everyone is weighing in. will you be down there in new york city? >> i will be at the courthouse bright and early. reporters have been hanging out starting in the wee hours to get a seat for the sentencing so it is a bit competitive, but the weird thing to me honestly is how much the crypto market has moved on from this. it is like one of the most prominent faces of the industry is being sen
the book on everything ftx. the sentencing, this is a bookend to a saga you covered closely. what you watching for? >> the judge has a lot of discretion to determine spf's fate -- sbf's fate. the defense arguing he should get a light sentence. the prosecution is saying this is one of the biggest frauds in history. they are asking for a 40 or 50 years. the judge could go for more than that. it is up to lewis kaplan. during the trial, sam annoyed him quite a bit it seemed like. it would be...
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Mar 27, 2024
03/24
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FBC
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sentenced for which is misusing and fraudulent activity with people who trusted sam bankman-fried and ftx with their money. even though the cryptocurrency industry is much small or or than sort of the traditional a banking and financial industry, the there true harm that was caused to investors and people that trusted sam should not be understated. so i think there's a lot of things that judge kaplan will take into consideration.. he's been overseeing the case from the beginning. i think we saw that he's lost a little bit of patience with sam. sam's bail was revoked last august a when it was found that he likely tampered with a witness. and, you know, there's a lot of things he'll have to take into account, sam's age, there's neurodivergent and autism claims. there's a lot that that a will be taken into account. from what i have heard, the general consensus is somewhere between 20-30 years. somewhere pretty much in between the what the two to positive posing counsels are asking for. charles: we know sbf if is from a very well connected political family, their family's involved with, i mea
sentenced for which is misusing and fraudulent activity with people who trusted sam bankman-fried and ftx with their money. even though the cryptocurrency industry is much small or or than sort of the traditional a banking and financial industry, the there true harm that was caused to investors and people that trusted sam should not be understated. so i think there's a lot of things that judge kaplan will take into consideration.. he's been overseeing the case from the beginning. i think we saw...
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Mar 28, 2024
03/24
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KNTV
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facing up to 110 years in prison after being convicted last november of fraud and other crimes after his ftx cryptocurrency exchange went bankrupt. 's attorneys are arguing for a five or six year sentence, given his lack of criminal history. bankman-fried is being held at the brooklyn detention facility. >>> san jose is using artificial intelligence to fix some of its most noticeable problems but the bay area's biggest city is also getting a i advice from the white house. here's tech reporter scott budman. >> reporter:, from job creation, to fixing traffic problems, local leaders from both here in the bay area, and across the country, are trying to tap into ai, to figure out how the technology might help their cities. today, we heard from local governments and the white house just how that might happen. >> reporter: san jose has already gone on record, in saying it plans to use a i to help fight traffic and homelessness. >> together, we can craft a good and responsible policy, here, and do advocacy together, but also, make sure that we are actually adopting and using new technology effective
facing up to 110 years in prison after being convicted last november of fraud and other crimes after his ftx cryptocurrency exchange went bankrupt. 's attorneys are arguing for a five or six year sentence, given his lack of criminal history. bankman-fried is being held at the brooklyn detention facility. >>> san jose is using artificial intelligence to fix some of its most noticeable problems but the bay area's biggest city is also getting a i advice from the white house. here's tech...
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Mar 28, 2024
03/24
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. >> where is ftx now ? thinking about the giant estate, the th building, the penthouse in the bahamas, where is all that, s, where's the team, where on the assets, where are the buildings? >> the bankruptcy lawyers who sam is very mad at and he's got a little conspiracy theory thate they are the ones responsible for its failure, they have r seized these assets and are in the process of selling them off. the weird thing is among the assets they recovered were about $1 billion worth of tokens, like one of these weird cryptocurrencies. if you haven't been paying attention, the crypto market has been booming. that is now $10 billion worth of tokens. >> it is all a circus and we will leave it there. circus and he's found himself in a big kid. i'm guessing you will be in court tomorrow. >> i will be there. >> thank you so much. when we come back, i need you to stick around for our most important story of the night. fathers, husbands, and sons. we will remember and honor the victims of the baltimore bridge collaps
. >> where is ftx now ? thinking about the giant estate, the th building, the penthouse in the bahamas, where is all that, s, where's the team, where on the assets, where are the buildings? >> the bankruptcy lawyers who sam is very mad at and he's got a little conspiracy theory thate they are the ones responsible for its failure, they have r seized these assets and are in the process of selling them off. the weird thing is among the assets they recovered were about $1 billion worth...
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Mar 28, 2024
03/24
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BBCNEWS
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bankman—fried to be sentenced in the next few hours for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. also coming up, spoiling the party. how soaring rents in tourist hotspots like ibiza are making locals homeless and starving businesses of vital staff. plus, sleep tight, mind the bed bugs don't bite. uk hotels have seen levels of the pest almost triple in the past two years. could ai tech bring a whole new meaning to the phrase software debugging? hello and welcome. if you just joined us, i'm sally bundock.
bankman—fried to be sentenced in the next few hours for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. also coming up, spoiling the party. how soaring rents in tourist hotspots like ibiza are making locals homeless and starving businesses of vital staff. plus, sleep tight, mind the bed bugs don't bite. uk hotels have seen levels of the pest almost triple in the past two years. could ai tech bring a whole new meaning to the phrase software...
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Mar 28, 2024
03/24
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bankman—fried to be sentenced in the next few hours for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. also coming up, spoiling the party. how soaring rents in tourist hotspots like ibiza are making locals homeless and starving businesses of vital staff. plus, sleep tight, mind the bed bugs don't bite. uk hotels have seen levels of the pest almost triple in the past two years. could ai tech bring a whole new meaning to the phrase software debugging? hello and welcome. if you just joined us, i'm sally bundock. we're looking at the top business stories. we start in the us, where in the next few hours sam bankman—fried — the former cryptocurrency tycoon convicted of stealing billions of dollars from customers — will be sentenced for his crimes. the 32—year—old founder of collapsed crypto exchange could now face decades in prison. our cyber correspondent joe tidy was the last person to interview bankman—fried before he was arrested in december 2022. he reports on the rise — and downfall — of the man behind one of the biggest financial
bankman—fried to be sentenced in the next few hours for stealing billions of dollars from customers of his ftx exchange. he faces decades behind bars. also coming up, spoiling the party. how soaring rents in tourist hotspots like ibiza are making locals homeless and starving businesses of vital staff. plus, sleep tight, mind the bed bugs don't bite. uk hotels have seen levels of the pest almost triple in the past two years. could ai tech bring a whole new meaning to the phrase software...
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Mar 28, 2024
03/24
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a scheme that led to the collapse of ftx crypto currency exchange. lawyers said six-and-a-half years that could be enough. here now the expert on all things sam bankman fried. give it to us. the sentencing is hours away. >> it is up to him. he could go over than that. >> isn't that the same donald trump argument? hey, there were no victims so i should be okay. he still committed. he was found guilty of committing massive fraud. >> the reason the money has been recovered is he made a bunch of bets with other people's money. they will get enough to pay back the victims. the judge already heard this argument during the trial. and it sounds like you are telling me this guy went and robbed fort knox. he still robbed fort knox. this is irrelevant. i don't know if he will like that argument any better now. >> how can sam conduct himself during the trial and how is that going to play? >> even before the trial, he was annoying the judge from the start. he got, he was out on house arrest. he was at his parents' house. he had a pretty cushy setup. went to priso
a scheme that led to the collapse of ftx crypto currency exchange. lawyers said six-and-a-half years that could be enough. here now the expert on all things sam bankman fried. give it to us. the sentencing is hours away. >> it is up to him. he could go over than that. >> isn't that the same donald trump argument? hey, there were no victims so i should be okay. he still committed. he was found guilty of committing massive fraud. >> the reason the money has been recovered is he...
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Mar 28, 2024
03/24
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accused of masterminding a multibillion-dollar fraud that caused the collapse of the ftx crypto currency exchange, found guilty on several charges last november, facing up to 50 years in prison, is expected to appeal the conviction and sentence as well. >> still searching for answers after the horrific bridge collapse in baltimore, the ntsb of the cargo ship that slammed into the francis scott key bridge, investigators are examining the data recorders into inside for what happened in the moments leading up to the crash. and the bodies of two missing workers have been recovered from the scene. the search and recovery effort is now a salvage operation, >> they were found inside a pickup truck at the bottom of the patapsco river and recovery efforts seven put on hold due to the danger posed by the wreckage. >> multiple alarms were recorded on the bridge audio. >> reporter: ntsb investigators spent hours aboard the ship today providing a readout of the terrifying fight leading up to the collision. and retrieved from the ships voyage container or vdr, they may have saved dozens of lives. >> t
accused of masterminding a multibillion-dollar fraud that caused the collapse of the ftx crypto currency exchange, found guilty on several charges last november, facing up to 50 years in prison, is expected to appeal the conviction and sentence as well. >> still searching for answers after the horrific bridge collapse in baltimore, the ntsb of the cargo ship that slammed into the francis scott key bridge, investigators are examining the data recorders into inside for what happened in the...
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Mar 28, 2024
03/24
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KGO
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bankman fried is the former ceo of the cryptocurrency platform ftx. a jury convicted him in november on charges of wire fraud, wire fraud, conspiracy and conspiracy to commit money laundering. prosecutors say more than $8 billion of customer money was misappropriated, and bankman-fried faces between 40 and 50 years in prison. >> billion dollar lottery jackpots are starting to become the norm, and after tonight's powerball drawing, we might be in for another one. no tickets matched all six of tonight's powerball numbers. here they are, 37, 46, 57, 60, 66 and the bonus number eight. no winner. tonight means the jackpot will roll over once again, and could push the pot for saturday's drawing to about a billion dollars. well, some old tennis courts are new once again. after a grand reopening today in san francisco, the city unveiled the newly resurfaced bayview hunters point tennis courts. the courts have been shut down and their future uncertain for several years now. they will be used by youth tennis advantage, one of the country's oldest inner city you
bankman fried is the former ceo of the cryptocurrency platform ftx. a jury convicted him in november on charges of wire fraud, wire fraud, conspiracy and conspiracy to commit money laundering. prosecutors say more than $8 billion of customer money was misappropriated, and bankman-fried faces between 40 and 50 years in prison. >> billion dollar lottery jackpots are starting to become the norm, and after tonight's powerball drawing, we might be in for another one. no tickets matched all six...
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Mar 28, 2024
03/24
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KGO
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bankman fried is the former ceo of the cryptocurrency platform ftx. a jury convicted him in november on charges of wire fraud, wire fraud, conspiracy and conspiracy to commit money laundering. prosecutors say more than $8 billion of customer money was misappropriated, and bankman-fried faces between 40 and 50 years in prison. >> billion dollar lottery jackpots are starting to become the norm, and after tonight's powerball drawing, we might be in for another one. no tickets matched all six of tonight's powerball numbers. here they are, 37, 46, 57, 60, 66 and the bonus number eight. no winner. tonight means the jackpot will roll over once again, and could push the pot for saturday's drawing to about a billion dollars. well, some old tennis courts are new once again. after a grand reopening today in san francisco, the city unveiled the newly resurfaced bayview hunters point tennis courts. the courts have been shut down and their future uncertain for several years now. they will be used by youth tennis advantage, one of the country's oldest inner city you
bankman fried is the former ceo of the cryptocurrency platform ftx. a jury convicted him in november on charges of wire fraud, wire fraud, conspiracy and conspiracy to commit money laundering. prosecutors say more than $8 billion of customer money was misappropriated, and bankman-fried faces between 40 and 50 years in prison. >> billion dollar lottery jackpots are starting to become the norm, and after tonight's powerball drawing, we might be in for another one. no tickets matched all six...
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Mar 28, 2024
03/24
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CNBC
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sam bankman-fried is set to be sentenced today over the implosion of the crypto exchange ftx. we have mackenzie sigalos here with more. >> good morning. >> what are you expecting when this kicks off in court at 9:30? >> frank, this is sam bankman-fried's final chance to make a direct appeal to the judge. this is an old-school judge who is a legend in the southern districts of new york. he had zero patience for sam's appeal on the stand in october can sam change the judge's mind? the only way he can do that is if he takes the stand and if this time around he accepts responsibility for what happened to ftx customers the judge will also give the government and defense one last chance to make their arguments without a jury in the room, there is nothing off limits. sam bankman-fried's attorney helped a previous client get a four four-year sentence it is possible the victims will take the stand from there, it is all the judge who gives long speeches with the rulings like when he sent sam bankman-fried back to jail in august. >> what are you hearing in terms of possible sentencing wh
sam bankman-fried is set to be sentenced today over the implosion of the crypto exchange ftx. we have mackenzie sigalos here with more. >> good morning. >> what are you expecting when this kicks off in court at 9:30? >> frank, this is sam bankman-fried's final chance to make a direct appeal to the judge. this is an old-school judge who is a legend in the southern districts of new york. he had zero patience for sam's appeal on the stand in october can sam change the judge's...
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the 32—year—old founder of collapsed crypto exchange ftx could now face decades in prison. our cyber correspondentjoe tidy was the last person to interview bankman—fried before he was arrested in december 2022. he reports on the rise and downfall of the man behind one of the biggest financial crimes in us history. interesting thing that's been happening pretty recently is that the bitmex bitcoin perpetual futures ran up a lot in price. this was sam bankman—fried in his element — at his desk, talking crypto and making incredible profits. his hair and shabby look were all part of the appeal and brand. sbf, as he was known by legions of fans online, portrayed himself as a maths genius who wasn't interested in personal wealth. it was all about developing the cryptocurrency industry and giving to charities. this is big. but ftx, his cryptocurrency exchange that sold bitcoin and other virtual currencies for normal money, like pounds and dollars, grew to be the centrepiece of a sprawling business worth $32 billion. so, when it all came crashing down in december 2022, more th
the 32—year—old founder of collapsed crypto exchange ftx could now face decades in prison. our cyber correspondentjoe tidy was the last person to interview bankman—fried before he was arrested in december 2022. he reports on the rise and downfall of the man behind one of the biggest financial crimes in us history. interesting thing that's been happening pretty recently is that the bitmex bitcoin perpetual futures ran up a lot in price. this was sam bankman—fried in his element — at...
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there should be 2022 collapse of ftx. he was convicted of fraud and conspiracy with the jury finding helical used money from depositors to cover personal expenses like the purchase of luxury property. . prosecutors recommending a prison sentence of 40 to 50 years. his family and friends urging leniency saying ftx investors have largely recovered their funds. the ecb will allow greek banks to make their first shareholder payouts in more than a decade. the last time a greek bank made it evident was in 2008 ahead of the global financial crisis and before the country's debt crisis started. the bank payouts expected to come after greek banks reduce their nonperforming loans and increased financial strength. towns across america are preparing for an economic windfall with the solar eclipse expected to pass across the country. the last eclipse in 2017 was limited for some states with south carolina's tourism department meeting and impact from 1.6 million people traveling to see the eclipse. rochester, new york is one city on the
there should be 2022 collapse of ftx. he was convicted of fraud and conspiracy with the jury finding helical used money from depositors to cover personal expenses like the purchase of luxury property. . prosecutors recommending a prison sentence of 40 to 50 years. his family and friends urging leniency saying ftx investors have largely recovered their funds. the ecb will allow greek banks to make their first shareholder payouts in more than a decade. the last time a greek bank made it evident...
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new head of the ftx in a letter to the judge called statements categorically false. a metaphorical dumpster fire a debate over losses will be key today. typically larger the loss, longer the sentence. bankruptcy stestate $7 billion n customer assets. they won't get cryptocurrency back meaning missed out on bitcoin's 300% rise since then judge has sole discretion today. the fact sam bankman-fried testified intimidating witnesses and may have perjured himself could weigh on that decision, guys. >> kate, a long discussion about this earlier this morning. i guess trying to figure out where they come down i don't know what you're hearing from people. you've been talking to about this opinion they think 20 to 30 years according to one reporter we spoke with earlier. come down in the middle of the two sides? >> reporter: seems to be the average, becky i spoke to the lawyer who prosecuted madoff. ensure as long enough sentence not to come back and commit another financial crime. the consensus at this point saying -- other experts said the floor is essentially 11 years when h
new head of the ftx in a letter to the judge called statements categorically false. a metaphorical dumpster fire a debate over losses will be key today. typically larger the loss, longer the sentence. bankruptcy stestate $7 billion n customer assets. they won't get cryptocurrency back meaning missed out on bitcoin's 300% rise since then judge has sole discretion today. the fact sam bankman-fried testified intimidating witnesses and may have perjured himself could weigh on that decision, guys....
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ftx founder sam bankman-fried, facing up to 50 years behind bars at his sentencing today, he was convicted of defraud and crypto investors in one of the largest white-collar crimes ever cpac chair, match, schlapp agreeing to a $480,000 settlement to end a sexual assault lawsuit. republican operative alleges schlapp groped him during a trip to georgia in 2022 the white house marking one year since the detention of wall street journal reporter evan gershkovich this administration will continue working every day to secure his release. we will continue to push back against russia's attempts to use them americans, as bargaining chips >> russia accuses gershkovich are trying to obtain state secrets. josh, what does it tell you that we are nearing the one-year anniversary mark of this. >> first of all, it's a tragedy for evan. his family is colleagues. it's a mark of how far russia has fallen in terms of being a normal country. where international journalists can just go and do their jobs. that's not possible in russia in 2024. and it's also a sign that the us-russia relationship is at such a low
ftx founder sam bankman-fried, facing up to 50 years behind bars at his sentencing today, he was convicted of defraud and crypto investors in one of the largest white-collar crimes ever cpac chair, match, schlapp agreeing to a $480,000 settlement to end a sexual assault lawsuit. republican operative alleges schlapp groped him during a trip to georgia in 2022 the white house marking one year since the detention of wall street journal reporter evan gershkovich this administration will continue...
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the 32—year old founder of the collapsed crypto exchange ftx could now face decades in prison.
the 32—year old founder of the collapsed crypto exchange ftx could now face decades in prison.
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now the collapse of ftx sent ripples through the crypto world, sending bitcoin prices down. and companies going bank run. several executives testified that sbf misprappropriated thos funds. and also generating some false financial statements. they all pleaded guilty, the former executives to similar charges. they are expected to be sentenced in the coming months. sbf is expected to go to prison. the question is for how long. prosecutors are requesting 40 to 50 years when his defenders are requesting five to seven years. >> more than 700 tons of -- >> still to come to come, ml,ml day. >>> that's coming up right after this. that's coming up right aftr this. feeling sluggish or weighed down? could be a sign that your digestive system isn't at its best. but a little metamucil everyday can help. metamucil's psyllium fiber gels to trap and remove the waste that weighs you down... so you can lighten every day the metamucil way. mr. clean magic eraser powers through tough messes. so it makes it look like i spent hours cleaning, and you know i didn't. it makes my running shoe look li
now the collapse of ftx sent ripples through the crypto world, sending bitcoin prices down. and companies going bank run. several executives testified that sbf misprappropriated thos funds. and also generating some false financial statements. they all pleaded guilty, the former executives to similar charges. they are expected to be sentenced in the coming months. sbf is expected to go to prison. the question is for how long. prosecutors are requesting 40 to 50 years when his defenders are...
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that could land him in prison for the next half-century the ftx founder was found guilty of committing one of the largest white-collar crimes in history, stealing more than 10 billion from his crypto customers. accounts cnn's kara scannell is here with the very latest on the story. what can we expect to hear in court today >> yes, there i mean, a big day for sam bankman-fried. he's 32 years old and he's facing a possible sentence of decades in prison federal prosecutors are asking for a sentence of 40 to 50 years in prison. as you said, because he was convicted of stealing more than 10 billion from investors from customers of ftx, as well as from lenders from its sister hedge fund alameda research in prosecutors also say that he spent $150 million to bribe chinese officials and made more than 100 million in a legal political donations to politicians and campaigns. no prosecutors are saying that in their filing to the judge, his life in recent years has been one of unmatched greed and hubris of ambition and rationalization and courting risk and gambling repeatedly with other people's mo
that could land him in prison for the next half-century the ftx founder was found guilty of committing one of the largest white-collar crimes in history, stealing more than 10 billion from his crypto customers. accounts cnn's kara scannell is here with the very latest on the story. what can we expect to hear in court today >> yes, there i mean, a big day for sam bankman-fried. he's 32 years old and he's facing a possible sentence of decades in prison federal prosecutors are asking for a...
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the price of bitcoin is over four times what it was when ftx collapsed. the victims haven't seen the money yet. i read dozens of letters of support highlighting the extreme mental health challenges coming out of this for them. the sentencing hearing kicks off at 9:30 today. we expect to hear from victims and supporters. most folks i'm talking to are expecting 20 years. he's young. there's a possibility for rehabilitation. but this is the first major criminal crypto case. part of the sentencing goal will be to send a message to the rest of the industry. maria: for sure. thank you. kelly o'grady in new york city. mark, what's your take. >> it's good news. it sounds like the victims might be made hole. whole.we don't know yet. a crime's a crime. if you're found gil ticks you've got to do time. five to six years would be a slap in the nice all of these victims. 50 to 60 -- 40 to 50 of may not happen but i think to kelly's point, about 20 probably being the likely outcome, i think that sounds to be kind of right on. maria: the impact, the fraud caused. >> with
the price of bitcoin is over four times what it was when ftx collapsed. the victims haven't seen the money yet. i read dozens of letters of support highlighting the extreme mental health challenges coming out of this for them. the sentencing hearing kicks off at 9:30 today. we expect to hear from victims and supporters. most folks i'm talking to are expecting 20 years. he's young. there's a possibility for rehabilitation. but this is the first major criminal crypto case. part of the sentencing...
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it is the wild west, ftx turned out to be a hot air i ftx turned out to be a hot air balloon and it popped. the largest cryptoexchange admitted to being a criminal conspiracy to commit money laundering. that exchange is still going, so you can make money in crypto but you should tread carefully. crypto but you should tread carefully-— crypto but you should tread carefull . ~ . , ., , carefully. what lessons have been learned? the _ carefully. what lessons have been learned? the main _ carefully. what lessons have been learned? the main lesson - carefully. what lessons have been learned? the main lesson is- carefully. what lessons have been learned? the main lesson is whenj learned? the main lesson is when ever anyone _ learned? the main lesson is when ever anyone talks _ learned? the main lesson is when ever anyone talks techno - learned? the main lesson is when ever anyone talks techno babble, | ever anyone talks techno babble, don't listen. i know the technology, it is not remarkable. crypto is a way to construct financial instruments out of the sight of regulators and now we are getti
it is the wild west, ftx turned out to be a hot air i ftx turned out to be a hot air balloon and it popped. the largest cryptoexchange admitted to being a criminal conspiracy to commit money laundering. that exchange is still going, so you can make money in crypto but you should tread carefully. crypto but you should tread carefully-— crypto but you should tread carefull . ~ . , ., , carefully. what lessons have been learned? the _ carefully. what lessons have been learned? the main _...
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and that's on me. >> his legal team also pointing to ftx bankruptcy estate and how the company expects to fully pay back those customers. but experts say the massive impact of his fraud on the public could decide the number of years or decades he spends behind bars. >> the state is seeking a number of enhancements to his current sentence, and what they're saying is that he violated public trust, which is an enhancement. he affected more than 25 people significantly in a financial way. >> bankman-fried says he plans to appeal his conviction and sentence antiwar sentiment is growing here in the u.s. as israel prepares for a possible new ground invasion in gaza, a new gallup poll shows 55% of americans disapprove of israel's military action. >> experts have been warning that palestinians are now facing famine. abc's britt clennett spoke with a unicef official who says the children of gaza are trapped in a cycle of suffering. >> you lie in bed and you just hear, and your building shakes and it feels like you're lying in a coffin. you just don't know what's going to happen if you're going t
and that's on me. >> his legal team also pointing to ftx bankruptcy estate and how the company expects to fully pay back those customers. but experts say the massive impact of his fraud on the public could decide the number of years or decades he spends behind bars. >> the state is seeking a number of enhancements to his current sentence, and what they're saying is that he violated public trust, which is an enhancement. he affected more than 25 people significantly in a financial...
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ftx a collapsed in late 2022. he siphoned billions in customer funds from ftx to keep his privately controlled hedge fund afloat. prosecutors say he gambled repeatedly with other people's money in the tune of $8 billion dollars. he faces between 40 and 50 years in prison. but his lawyers are requesting no more than six years. they say this interview with george stephanopoulos is proof that he's already 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 and that that's on me. >> the son of two stanford law professors, bankman-fried was born on the campus of stanford university defense attorneys say he is quirky, not conniving, and will say he deserves a chance to become a humanitarian and a philanthropist. the sentencing is scheduled for today in manhattan. live in the studio gloria rodriguez, abc seven news kumasi. >> thank you. gloria. a
ftx a collapsed in late 2022. he siphoned billions in customer funds from ftx to keep his privately controlled hedge fund afloat. prosecutors say he gambled repeatedly with other people's money in the tune of $8 billion dollars. he faces between 40 and 50 years in prison. but his lawyers are requesting no more than six years. they say this interview with george stephanopoulos is proof that he's already accepted responsibility. >> but you're ultimately responsible and ultimately,...
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ftx allowed people to trade their normal money for digital currencies like bitcoin. but money stolen from ftx was used to fund an investment fund, alameda research, as well as to buy luxury property in the bahamas and donate to politicians who might support cryptocurrency—friendly laws. both companies went bust in 2022 and he was arrested. with me is our cyber correspondent, joe tidy, who was the last person to interview bankman—fried before he was arrested in december 2022. can you reflect first of all on what your impressions were of this man because when we see the image of him, he looks like an overgrown teenager, channelling teenager computer geek look. that teenager, channelling teenager computer geek look.— teenager, channelling teenager computer geek look. that is what you not. he computer geek look. that is what you got- he turned _ computer geek look. that is what you got- he turned un _ computer geek look. that is what you got. he turned up to _ computer geek look. that is what you got. he turned up to the _ computer geek look. that is what you got.
ftx allowed people to trade their normal money for digital currencies like bitcoin. but money stolen from ftx was used to fund an investment fund, alameda research, as well as to buy luxury property in the bahamas and donate to politicians who might support cryptocurrency—friendly laws. both companies went bust in 2022 and he was arrested. with me is our cyber correspondent, joe tidy, who was the last person to interview bankman—fried before he was arrested in december 2022. can you reflect...
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he faces prison for defrauding ftx investors. his parents arrived at the courthouse moments ago. kelly o'grady is there. >> today we will learn the penalty, sam bankman-fried stole over 10 billion dollars. the defense looking for five to six and a half arguing there was no harm done to victims, the money is expected to be returned. new york law focuses on intent, not loss. calling this a prison sentence. pushing back on no harm, the customers will be repaid. bitcoin is priced five times more than it was then. it kicks off at 9:30, sam bankman-fried, they want to send a message here. >> rachel: thank you so much. as you prepare for easter sunday new study revealing those who regularly go to church remained low and falling even more with only 30% of u.s. adults regularly attending church, down from 42% 20 years ago. our next guest knows about change, "the chosen" actor noah james james joins us. what is driving it decline? >> i certainly don't have the answer. i know that with our show, we've been really surprised with the amount of children and people under 18 who have actually fo
he faces prison for defrauding ftx investors. his parents arrived at the courthouse moments ago. kelly o'grady is there. >> today we will learn the penalty, sam bankman-fried stole over 10 billion dollars. the defense looking for five to six and a half arguing there was no harm done to victims, the money is expected to be returned. new york law focuses on intent, not loss. calling this a prison sentence. pushing back on no harm, the customers will be repaid. bitcoin is priced five times...
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jonathan: the former ftx ceo sam bankman-fried, facing sentencing over his role in the collapse of ftx. prosecutors pushing for a prison sentence of 40 to 50 years in what has been called the largest fraud in the loss -- last decade. friends and family are urging leniency, saying investors have largely recovered on. you are about to find out what we do with you hi-res at bloomberg. we side -- we send them into the rain outside courthouses. david, fantastic to catch up. can you tell us what to expect later this morning? david: we saw the parents of sam bankman-fried. both law professors, they came here and found their way to the door. the hearing is scheduled to start at 9:30 this morning on the 26th floor of the building behind me. no phones allowed, no buildings, facing everything we get, it's on the notes that people are feeding out to us. they will have a hearing where they kind of go over this comprehensive report on what happened, the fraud committed by spf -- sbf. then the critical thing, the size and magnitude of this fraud , the fundamental disagreement. defense saying no harm,
jonathan: the former ftx ceo sam bankman-fried, facing sentencing over his role in the collapse of ftx. prosecutors pushing for a prison sentence of 40 to 50 years in what has been called the largest fraud in the loss -- last decade. friends and family are urging leniency, saying investors have largely recovered on. you are about to find out what we do with you hi-res at bloomberg. we side -- we send them into the rain outside courthouses. david, fantastic to catch up. can you tell us what to...
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. >>> the former teen of cryptocurrency will learn his fate after the collapse of his exchange, ftx. >> scott, there are two narratives here, one that sam bankman-fried was a criminal mastermind, and the other is that he was a kid in over his head? >> that's right. you can guess which one belongs to the prosecution and which one to the defense. bankman-fried looking at decades in prison, and the defense is trying to reinforce the idea that he didn't steal anybody's money, that he just mismanaged it and he was also a victim of the collapse of the cryptocurrency. the thing that did not help him, he took the stand in his own defense and it was a disaster. the judge is aware sbf shows little, if any, bankman-fried's potential sentence could be very high. and scammer, elizabeth holmes got 11. bankman-fried's sentencing hearing begins shortly and expected to last several hours. we should know today how long he will be behind bars, laura. >> it will be interesting to see. thank you very much. >>> now to decision 2024. the race for the runoff election to fill donna eshoo's seat. the county c
. >>> the former teen of cryptocurrency will learn his fate after the collapse of his exchange, ftx. >> scott, there are two narratives here, one that sam bankman-fried was a criminal mastermind, and the other is that he was a kid in over his head? >> that's right. you can guess which one belongs to the prosecution and which one to the defense. bankman-fried looking at decades in prison, and the defense is trying to reinforce the idea that he didn't steal anybody's money,...
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his legal team is pointing to ftx's bankruptcy. estate and how the company expects to fully pay back those customers. bankman-fried says he plans to appeal his conviction and sentence. live in the studio, gloria rodriguez, abc seven news, kumasi. >> thank you gloria. developing news in pacifica, where an investigation is underway after police shot and killed a woman whose adult son says that she shot him first. police say that man called 911 from an apartment on francisco boulevard yesterday morning. when officers got there, they say the woman was trying to leave and then pulled a gun on them. they shot her and she later died. neighbors say it was so loud. they originally thought it was construction work . >> everybody says it's a pop, pop, pop like a firework. this was not a pop pop, pop. it was more like a bang, bang, bang. like dropping the heavy equipment that they use, you know, below me and i was like, what are they doing this morning at the apartment, a ford escape could be seen with at least five bullet holes in the driver'
his legal team is pointing to ftx's bankruptcy. estate and how the company expects to fully pay back those customers. bankman-fried says he plans to appeal his conviction and sentence. live in the studio, gloria rodriguez, abc seven news, kumasi. >> thank you gloria. developing news in pacifica, where an investigation is underway after police shot and killed a woman whose adult son says that she shot him first. police say that man called 911 from an apartment on francisco boulevard...
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stocks that go through it there's a piece about datacenters, largest users of copper i'm going short ftx and long fcx. i think we're seeing a lot of companies that have been dogs move up. estee lauder, one of my worst picks, what a pivot going into amazon from being travel, resort, and china. kimberly clark is another good one to watch colgate, which rings the bell today, another good one. you're seeing it broaden i thought this was incredible. morgan stanley likes -- they like sl green. i thought they went out of business >> we mentioned the sl green barclay's upgrade yesterday. >> sl green went out of business and it's almost 100% occupied. i'm just joking. sl green is an amazing company, and you have to go to grand central to know, and i know that's hard for a lot of analysts to do modelo -- constellation is going to be number one because bud lost so much shelf space, and i just find when you see minorfol southern go up, and draftkings making a comeback, and wells fargo do well, and jpmorgan -- this is a follow the leader, but the leaders are everywhere, and let's let mag seven rest a
stocks that go through it there's a piece about datacenters, largest users of copper i'm going short ftx and long fcx. i think we're seeing a lot of companies that have been dogs move up. estee lauder, one of my worst picks, what a pivot going into amazon from being travel, resort, and china. kimberly clark is another good one to watch colgate, which rings the bell today, another good one. you're seeing it broaden i thought this was incredible. morgan stanley likes -- they like sl green. i...
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sam bankman-fried went to penthouse to jail cell after the collapse of ftx. >> there are two narratives we are talking about, one that sbf, as he is known, is that he was a criminal mastermind, and the other is that he was a kid over his head. >> yeah, and i think you can guess which theory belongs to the prosecution and which belongs to the defense. the defense says he was a kid that mismanaged money and he was also a victim of the collapse, and they are using his autism as a defense. prosecutors want 50 years, and the defense is asking for 6 1/2. the thing that doesn't help him, he took the stand in his own defense during his trial and it was a disaster. the judge said he showed little if any remorse, which is why his attorneys are trying to differentiate their client from others, and bernie madoff died in prison, and he was sentenced to 150 years. bankman-fried's potential sentence could be this high, and even prosecutors are not asking for that. other comparisons, this is bernie everies, and he got 25 years, and elizabeth holmes got 11. we should know by noon today how long he will
sam bankman-fried went to penthouse to jail cell after the collapse of ftx. >> there are two narratives we are talking about, one that sbf, as he is known, is that he was a criminal mastermind, and the other is that he was a kid over his head. >> yeah, and i think you can guess which theory belongs to the prosecution and which belongs to the defense. the defense says he was a kid that mismanaged money and he was also a victim of the collapse, and they are using his autism as a...
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ftx was run in arrogance and lack of respect for the basic norms of the law. you go back to the beginning of the trial. the judge actually didn't allow any evidence customers would be repaid so it is an indication how he will think through the defense's argument and expect him to send a message with the sentencing to the entire crypto industry. >> bill: we'll watch for that. reaction from one of bankman-fried's victims. we'll talk to mr. wonderful momentarily. >> dana: we want to get you to this as well. a slow but steady evolution. president biden gradually turning slowly against israel in the wake of pressure from far left democrats. watch this clip to see his changing position since the war began last october. >> president biden: my add min trigss is rock solid and unwavering. >> i got off the phone with a call to president netanyahu and i told him the united states our response will be swift, decisive. i come to israel with a single message. you are not alone. i have no notion the palestinians are telling the truth about how many people are killed. inoh ce
ftx was run in arrogance and lack of respect for the basic norms of the law. you go back to the beginning of the trial. the judge actually didn't allow any evidence customers would be repaid so it is an indication how he will think through the defense's argument and expect him to send a message with the sentencing to the entire crypto industry. >> bill: we'll watch for that. reaction from one of bankman-fried's victims. we'll talk to mr. wonderful momentarily. >> dana: we want to...
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the ftx founder was found guilty of committing one of the largest white-collar crime who's in history, stealing and defrauding more than 10 billion from his crypto customers accounts. cnn's kara scannell is here with a very latest. so what else can we expect today? court besides him finding out what the rest of his life is going to look like exactly. and the question is just how many years will it be? before he ever leaves a prison? remember, he's been detained since august when the judge found him involved in witness tampering when he was out on bail. but this is the moment of reckoning for sam bankman-fried once the face of the crypto industry hailed as the king, but he's really going to face the judge today and find out what his future looks like? no prosecutors, as you said, say this is one of the biggest frauds in financial history. second only to bernie made ofs fraud so they're asking the judge to sentence him to 40 to 50 years in prison because he stole $10 billion from customers, investors lenders, and they also say that he no, he spent $150 million in bribes to chinese offic
the ftx founder was found guilty of committing one of the largest white-collar crime who's in history, stealing and defrauding more than 10 billion from his crypto customers accounts. cnn's kara scannell is here with a very latest. so what else can we expect today? court besides him finding out what the rest of his life is going to look like exactly. and the question is just how many years will it be? before he ever leaves a prison? remember, he's been detained since august when the judge found...
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ftx allowed people to trade their normal money for digital currencies like bitcoin. but money stolen from ftx was used to fund an investment fund, alameda research, as well as to buy luxury property in the bahamas and donate to politicians who might support cryptocurrency—friendly laws. both companies went bust in 2022 and bankman—fried was arrested. there is a courthouse in manhattan. we will give you that sentencing when it happens. with me is our cyber correspondent, joe tidy, who was the last person to interview bankman—fried before he was arrested in december 2022. i want to let you see a clip when you asked sam bankman—fried whether he was incompetent or fraudulent, which has been one of the key elements of the criminal case. were you incompetent, or were you fraudulent? i didn't knowingly commit fraud. i don't think i committed fraud. i didn't want any of this to happen. i was certainly not nearly as competent as i thought i was. it was a really bad mistake, and it hurt a lot of people. and that's on me, one way or another. how did you find him? use fr
ftx allowed people to trade their normal money for digital currencies like bitcoin. but money stolen from ftx was used to fund an investment fund, alameda research, as well as to buy luxury property in the bahamas and donate to politicians who might support cryptocurrency—friendly laws. both companies went bust in 2022 and bankman—fried was arrested. there is a courthouse in manhattan. we will give you that sentencing when it happens. with me is our cyber correspondent, joe tidy, who was...
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Mar 28, 2024
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now to this, ftx founder sam bankman-fried's sentencing underway in new york. kelly o'grady outside the courthouse, what's the latest? >> reporter: this sentencing is still ongoing. got kicked off at 9:45 or so, but sam bankman-fried looked very disheveled, t-shirt and pants, every different from the clean-cut short haircut we saw during trial, the bushing made his back that we know so well. judge kaplan is coming down so much harder than i think anyone expected. sam bankman-fried is younger, that comes into play with sentencing of the prosecution is looking 40 to 50 years, the defense is seeking 5 to 6. 5, their argument is there was no harm done to victims as the bankruptcy process expects to return all those customer funds. the judge completely rejected that claim today. he went through point by point, arguing this is about intend and what sam bankman-fried and that the loss figure is $10 billion. he underscored customers will be repaid in value last in november of 2,022, the price of bitcoin is four times what it was when ftx collapse. the judge also confir
now to this, ftx founder sam bankman-fried's sentencing underway in new york. kelly o'grady outside the courthouse, what's the latest? >> reporter: this sentencing is still ongoing. got kicked off at 9:45 or so, but sam bankman-fried looked very disheveled, t-shirt and pants, every different from the clean-cut short haircut we saw during trial, the bushing made his back that we know so well. judge kaplan is coming down so much harder than i think anyone expected. sam bankman-fried is...
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Mar 28, 2024
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we had records of what was held there prior to the collapse of ftx. each month over the last year the hedge fund markets that fund these claims, in other words i could sell my claim for $0.82, $0.88, $0.90, etc. , as we get closer. because bitcoin has had such dramatic rises in value. many claims will be made close to whole or better than whole, it is extraordinary. remember, we were looking for $7 billion. looks like it has been found. there is precedence to this. many of the claimants in the madoff case were made close to whole and looks like it will happen in the ftx case as well. >> bill: it's up five times in a year, the etf or bitcoin. the people involved in this, not just yourself but he was giving money to joe biden, bill clinton and larry david, shaquille o'neal were all sucking up to him. why did they think he was such a genius? >> remember his parents who you showed going into court. compliance lawyers at sandford. an american citizen running an american exchange at the time when crypto had so much promise in 2021. all the crypto cowboys an
we had records of what was held there prior to the collapse of ftx. each month over the last year the hedge fund markets that fund these claims, in other words i could sell my claim for $0.82, $0.88, $0.90, etc. , as we get closer. because bitcoin has had such dramatic rises in value. many claims will be made close to whole or better than whole, it is extraordinary. remember, we were looking for $7 billion. looks like it has been found. there is precedence to this. many of the claimants in the...
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Mar 28, 2024
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and investors of ftx cryptocurrency. it's good, right to cnn's kara scannell. kara, this sentencing is actually much lighter than what prosecutors wrote actually looking for >> yeah. prosecutor said ask the judge to sentence sam bankman-fried 240 to 50 years in prison. the judge lewis kaplan, overseeing this case that he thought that was substantially greater than necessary, but in imposing the sentence, he said that sam bankman-fried, who spoken court and address the judge. he said that despite his saying that he was sorry for mistakes that were made, the judge said that he never spoke a word of remorse for the crimes that he committed, and imposing the sentence, the judge said, 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 risks. so he imposes sentence of 25 years. bankman-fried is 32 years there's old, so he would be about 57 years if he serves the entirety of that sentence. still time for him to come out, but that was one of the concerns that prosecutors had. they said that even after bank
and investors of ftx cryptocurrency. it's good, right to cnn's kara scannell. kara, this sentencing is actually much lighter than what prosecutors wrote actually looking for >> yeah. prosecutor said ask the judge to sentence sam bankman-fried 240 to 50 years in prison. the judge lewis kaplan, overseeing this case that he thought that was substantially greater than necessary, but in imposing the sentence, he said that sam bankman-fried, who spoken court and address the judge. he said that...
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Mar 28, 2024
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billion in customer funds that he loss as a result of the spectacular collapse of that crypto exchange, ftx. now, when it comes to just the overall recap here, we have to rewind to about four months ago, when sbf was found guilty of seven charges including fraud and conspiracy. the prosecutors are arguing he should get 40 to 50 years in prison as a result of this. they are citing the tens of thousands of victims that were part of this collapse and they also said in a statement, quote, he stole money from customers who entrusted it to him. he lied to investors. he pumped millions of dollars political donations to our system and he bribed officials. his attorneys are asking he's deep down inside a good person, he has mental health issues. where does the judge lie in that? we'll find out later on this morning. >> what about the victims? you mentioned tens of thousands who lost their money? any hope that they'll get it back? >> ftx collapsed in 2022, and there's an administrator trying to figure out whether or not they can recuperate the money customers lost in that fund. for what it's worth, c
billion in customer funds that he loss as a result of the spectacular collapse of that crypto exchange, ftx. now, when it comes to just the overall recap here, we have to rewind to about four months ago, when sbf was found guilty of seven charges including fraud and conspiracy. the prosecutors are arguing he should get 40 to 50 years in prison as a result of this. they are citing the tens of thousands of victims that were part of this collapse and they also said in a statement, quote, he stole...
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Mar 28, 2024
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ftx and the billions of customer deposits that went missing. prosecutors want 50 years in prison. his lawyers are pushing for around 5. well, the federal trade commission has been investigating tiktok over its privacy and data security. the commission looking into allegations that tiktok and its chinese parent bytedance deceived u.s. users by denying the people in china had access to their data and also possibly violated children's privacy laws. well, the majority of americans, nearly 60% of people surveyed with annual incomes of more than $250,000. so the maximum price they are willing to pay out of pocket for weight loss, drugs is more than $300 a month. only about 4% of people with incomes of less than 75,000 said the same thing. that's according to evercore isi. the weight-loss trends are running about $1000 a month before discounts and a dozen eggs around $3 on average for the federal reserve. that's down from that record of january 2023 of near $5. but it is still double where we were pre-pandemic and even if the prices aren't as eye-popping as it were a year ago, they still
ftx and the billions of customer deposits that went missing. prosecutors want 50 years in prison. his lawyers are pushing for around 5. well, the federal trade commission has been investigating tiktok over its privacy and data security. the commission looking into allegations that tiktok and its chinese parent bytedance deceived u.s. users by denying the people in china had access to their data and also possibly violated children's privacy laws. well, the majority of americans, nearly 60% of...
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Mar 28, 2024
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. >> you just need ftx! >> reporter: ftx collapsed in 2022. bankman-fried siphoned billions in funds. that was to keep a privately controlled hedge fund solvent. prosecutors say he deserves as much as 50 years in prison. his attorneys have asked for a sentence of no more than six years pointing to this interview with george stephanopoulos to argue bankman-fried has accepted responsibility. >> you're ultimately responsible? >> ultimately, absolutely. look, i should have been on top of this and i feel really bad and regretful that i wasn't. lot of people got hurt. that's on me. >> reporter: but prosecutors accuse bankman-fried of gambling repeatedly with other people's money and pushed for a stiff sentence because of his unmatched greed. defense attorneys saying he's quirky, not conniving. sam is not the evil genius depicted in the media or the greedy villain described at trial. >> the state is seeking a number of enhancements to his current sentence. what they're saying is he violated public trust. which is a
. >> you just need ftx! >> reporter: ftx collapsed in 2022. bankman-fried siphoned billions in funds. that was to keep a privately controlled hedge fund solvent. prosecutors say he deserves as much as 50 years in prison. his attorneys have asked for a sentence of no more than six years pointing to this interview with george stephanopoulos to argue bankman-fried has accepted responsibility. >> you're ultimately responsible? >> ultimately, absolutely. look, i should have...
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Mar 28, 2024
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he's the bay area man who co-founded ftx, the cryptocurrency exchange. a federal jury in new york convicted him last november on two counts of fraud and five counts of conspiracy. prosecutors said he ran a crypto fraud scheme that swindled billions of dollars from investors. now he was staying here in the bay area until his bail was revoked because of witness tampering allegations means he could be sentenced to as much as 110 years in prison. and again, this is live. these are live pictures right outside the courthouse where his sentencing will take place. legal analysts expect he his sentence will probably be a much shorter sentence than that prediction. >> animal protection groups around the country are working to prevent activity by backyard puppy breeders. a four month old shih tzu was given a second chance at life after a backyard breeder was willing to throw her away, the woman who rescued her says many dogs from backyard breeders end up dumped or wandering the streets. >> once she realized there was something wrong with the puppy, she went to the
he's the bay area man who co-founded ftx, the cryptocurrency exchange. a federal jury in new york convicted him last november on two counts of fraud and five counts of conspiracy. prosecutors said he ran a crypto fraud scheme that swindled billions of dollars from investors. now he was staying here in the bay area until his bail was revoked because of witness tampering allegations means he could be sentenced to as much as 110 years in prison. and again, this is live. these are live pictures...