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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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. >> 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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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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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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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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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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just two years ago, the ftx founder mingled with the rich and powerful after becoming a billionaire at age 30. now he'll be spending 25 years in federal prison. experts believe that sentence could be cut in half with good behavior. and by completing prison rehab programs, bankman-fried's parents, who are law professors at stanford, sent the judge a letter prior to sentencing, according to our media partners at the mercury news, his parents described him as smart, empathetic and motivated to only do good, but the judge wasn't having any of it. during sentencing, saying, quote, he knew it was wrong. he knew it was criminal. bankman-fried's parents issued a short statement following that decision, saying, we are heartbroken and will continue to fight for our son even if victims in this case get their money back. many who invested in cryptocurrencies at the time of ftx collapse have lost out on a considerable amount of income, experts say. many of those currencies would be worth much more today. bitcoin's value, for example, has increased more than 300% since late 2022. kumasi thank you. >
just two years ago, the ftx founder mingled with the rich and powerful after becoming a billionaire at age 30. now he'll be spending 25 years in federal prison. experts believe that sentence could be cut in half with good behavior. and by completing prison rehab programs, bankman-fried's parents, who are law professors at stanford, sent the judge a letter prior to sentencing, according to our media partners at the mercury news, his parents described him as smart, empathetic and motivated to...
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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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just two years ago, the ftx founder mingled with the rich and powerful after becoming a billionaire at age 30. now he'll be spending 25 years in federal prison experts believe that sentence could be cut in half with good behavior. and by completing prison rehab programs, bankman-fried's parents, who are law professors at stanford, sent the judge a letter prior to sentencing, according to our media partners at the mercury news, his parents described him as smart, empathetic and motivated to only do good. but the judge wasn't having any of it during sentencing, saying, quote, he knew it was wrong. he knew it was criminal. bankman-fried's parents issued a short statement following that decision, saying, we are heartbroken and will continue to fight for our son, even if victims in this case get their money back. many who invested in cryptocurrencies at the time of ftx's collapse have lost out on a considerable amount of income, experts say many of those currencies would be worth much more today. bitcoin's value, for example, has increased more than 300% since late 2022. back to you at the
just two years ago, the ftx founder mingled with the rich and powerful after becoming a billionaire at age 30. now he'll be spending 25 years in federal prison experts believe that sentence could be cut in half with good behavior. and by completing prison rehab programs, bankman-fried's parents, who are law professors at stanford, sent the judge a letter prior to sentencing, according to our media partners at the mercury news, his parents described him as smart, empathetic and motivated to only...
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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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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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just two years ago, ftx founder sam bankman-fried mingled with the rich and powerful. this morning, the one time king of crypto is off to federal prison for 25 years, although experts say that sentence could be cut in half with good behavior. and by completing prison rehab programs. ftx was the premier crypto exchange, but it collapsed in late 2022 after bankman-fried used billions in customer funds to keep his hedge fund, alameda research, afloat. at his trial, prosecutors played this abc news interview. >> so you do know, and you did know that fdx 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 are involved in that process. and look, i really deeply wish that i had taken like a lot more responsibility for understanding what the details were of what was going on there. >> his lawyer, seeking a more lenient sentence, described bankman-fried as an awkward math nerd, but his victims claim he was more calc
just two years ago, ftx founder sam bankman-fried mingled with the rich and powerful. this morning, the one time king of crypto is off to federal prison for 25 years, although experts say that sentence could be cut in half with good behavior. and by completing prison rehab programs. ftx was the premier crypto exchange, but it collapsed in late 2022 after bankman-fried used billions in customer funds to keep his hedge fund, alameda research, afloat. at his trial, prosecutors played this abc news...
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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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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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sam bankman-fried stole more than 8 billion from investors and 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 risks and that is why the judge said he was 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. kara scannell 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. >> tonight on 360 breaking news, the first video investigative teams on the container ship, dali
sam bankman-fried stole more than 8 billion from investors and 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 risks and that is why the judge said he...
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. >>> ftx founder sam bankman-fried has been sentenced to 25 years in prison. he was found guilty in november of orchestrating the multibillion dollar fraud that prompted the collapse of the ftx cryptocurrency exchange. he illegally used the money to cover his lavish lifestyle, including buying luxury property in the caribbean and flying on private jets. >>> power players, presidents obama and clinton answering the call from the current commander in chief. the fund-raising event to back joe biden for the re-election. that's next when "andrea mitchell reports" is back in 60 seconds. stay with us. you are watching msnbc. s fast and lasts a full 24 hours so dave can be the... deliverer of dance. ok, dave! let's be more than our allergies. zeize the day with zyrtec. it's hard to explain what this feels like. ♪♪ moving piles of earth. towing up to 4,000 lbs. cutting millions of blades of grass. nothing compares to experiencing it for yourself. you just have to get in the seat. hi, i'm katie. i live in flagstaff, arizona. i'm an older student. i'm getting my doct
. >>> ftx founder sam bankman-fried has been sentenced to 25 years in prison. he was found guilty in november of orchestrating the multibillion dollar fraud that prompted the collapse of the ftx cryptocurrency exchange. he illegally used the money to cover his lavish lifestyle, including buying luxury property in the caribbean and flying on private jets. >>> power players, presidents obama and clinton answering the call from the current commander in chief. the fund-raising...
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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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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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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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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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the founder of the bankrupt crypto currency exchange ftx, sam bankman—fried, has been sentenced to 25 years in prison. a federaljudge at manhattan court house ruled that the 32—year—old knew he acted criminally but had shown no remorse. mr bankman—fried, who's expected to appeal the sentence, apologised for his actions but did not admit to criminal wrongdoing. he was found guilty of fraud and money laundering last year. before his firm's collapse in 2022, the former billionaire became a celebrity atop a crypto empire. prosecutors said he raided customer accounts for bribes, illegal political donations and risky investments. our business correspondent michelle fleury has more. thejudge had to decide the judge had to decide a couple of things and took into account age, losses involved an impact on the victims and also the message of the tarrant and he settled on 25 years for sam bankman—fried, sending him to prison for that time. it was less than lawyers who had been prosecuting the case had asked for you wanted 40—15 years and by contrast lawyers for mr bankman—fried said h
the founder of the bankrupt crypto currency exchange ftx, sam bankman—fried, has been sentenced to 25 years in prison. a federaljudge at manhattan court house ruled that the 32—year—old knew he acted criminally but had shown no remorse. mr bankman—fried, who's expected to appeal the sentence, apologised for his actions but did not admit to criminal wrongdoing. he was found guilty of fraud and money laundering last year. before his firm's collapse in 2022, the former billionaire became a...
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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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Mar 28, 2024
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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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Mar 28, 2024
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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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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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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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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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the ftx founder faces decades in jail for stealing billions of dollars of from customers. david joins us live from outside the courthouse now. and tell us about the range of possibility that we are talking about when it comes to possible prison length. david: it is an extremely wide range with what the defense wants in the prosecution is asking for 40 to 50 years. federal guidelines could be as high as 110 years in prison and they are underway and moving swiftly. sam bankman-fried wearing a tan jumpsuit from the jail in brooklyn where he has been. he was there before his trial and states. what was the core of the argument, there are no losses and the bankruptcy recovery effort and the victims are not standing to lose as much money. judge lewis kaplan who presided over the trial and is going to sentence him rejecting out of hand, telling the court i reject entirely the contention that there was no actual loss. he drew a very vivid analogy to going to vegas, taking stolen money and betting it and being successful, that does not clear up the crime of stealing money. we have h
the ftx founder faces decades in jail for stealing billions of dollars of from customers. david joins us live from outside the courthouse now. and tell us about the range of possibility that we are talking about when it comes to possible prison length. david: it is an extremely wide range with what the defense wants in the prosecution is asking for 40 to 50 years. federal guidelines could be as high as 110 years in prison and they are underway and moving swiftly. sam bankman-fried wearing a tan...
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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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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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Mar 27, 2024
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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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much of that money was gone at the time ftx collapsed. since the collapse the bankruptcy attorneys led by john ray have managed to recover a significant part of the money that was lost. that is summer lee for the victims. as we saw today and as we have seen from victim statements in the past it is kind of small comfort. people, even if they have their initial investment back and expect to get their initial investment back one day, many lives were ruined by this episode and they will never be the same. ed: let's go back out to the courthouse on the ground with bloomberg's david gura. the numbers here are staggering. you look at the charges, the totality was 110 years. the prosecutors, 40 to 50 years. we end up with 25 years. we are getting more information. what is top of mind for you, david? david: we're at the point in the hearing where the judge is indicating where he thinks sam bankman-fried might be remanded to prison. he will recommend a san francisco bay area prison. he grew up close to the stanford university campus. both his paren
much of that money was gone at the time ftx collapsed. since the collapse the bankruptcy attorneys led by john ray have managed to recover a significant part of the money that was lost. that is summer lee for the victims. as we saw today and as we have seen from victim statements in the past it is kind of small comfort. people, even if they have their initial investment back and expect to get their initial investment back one day, many lives were ruined by this episode and they will never be...
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Mar 28, 2024
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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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was convicted in november for stealing more than $8 billion of customers of his now-bankrupt company ftx. his lawyers plan to appeal. >>> kia is recalling more than 400,000 tellurides because of a roll away risk while in park. the recall covers all vehicles made between 2020 and 2023 and some 2024 models, too. kia says until owners can bring in their vehicles to get the free software fix, they should use the manual parking brake instead. >>> and kfc is getting saucy. the company is adding saucy nuggets to its menu starting monday. there are five flavors to choosing from, honey sriracha, korean barbecue, wticky chicky sweet and sour, nashville hot, and georgia gold. >>> that's your cbs "money watch" report. i'm carissa lawson, cbs news, new york. >>> up next, we've got your new beyonce country music. we'll hear her versions of dolly parton's "jolene." beyonce country music. we'll hear her versions of dolly parton's "jolene." (bridget) with thyroid eye disease i hid from the camera. and i wanted to hide from the world. for years, i thought my t.e.d. was beyond help... but then i asked my d
was convicted in november for stealing more than $8 billion of customers of his now-bankrupt company ftx. his lawyers plan to appeal. >>> kia is recalling more than 400,000 tellurides because of a roll away risk while in park. the recall covers all vehicles made between 2020 and 2023 and some 2024 models, too. kia says until owners can bring in their vehicles to get the free software fix, they should use the manual parking brake instead. >>> and kfc is getting saucy. the...
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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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. >>> 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...
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sunil kavuri was one of his victims. >> i lost a huge amount of money when ftx collapsed. >> how much? >> $2 million. so -- and that was for a family home and for my children's education, and that's overnight. >> reporter: bankman-fried was once hailed as the future of finance with an estimated net worth of $26 billion. and enlisting celebrities including quarterback tom brady -- >> i'm getting into crypto. >> reporter: -- and basketball star steph curry -- >> i'm not an 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 star's 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 take it off until it's burned to a crisp. he doesn't feel risk. >> reporter: now, there is no parole for federal crimes, but good behavior can reduce time served. bankman-fried's lawyers will appeal this sentence,
sunil kavuri was one of his victims. >> i lost a huge amount of money when ftx collapsed. >> how much? >> $2 million. so -- and that was for a family home and for my children's education, and that's overnight. >> reporter: bankman-fried was once hailed as the future of finance with an estimated net worth of $26 billion. and enlisting celebrities including quarterback tom brady -- >> i'm getting into crypto. >> reporter: -- and basketball star steph curry --...
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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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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 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 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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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 28, 2024
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neil: 17 minutes after the hour, sam bankman-fried, the ftx founder responsible for stealing $10 million, has been sentenced to 25 years in prison. i'm told the he could serve 16 to 18 years of that sentence. that is a moving target. i interrupted you rudely. charles: i just think it does a disservice by saying this is good for bitcoin. this has nothing to do with bitcoin. it doesn't help bitcoin. sam bankman-fried wasn't invested in bitcoin. he committed a garden variety fraud called a ponzi scheme where you take money from peter to pay paul so it doesn't add up anymore. that is it. sort of extrapolate, it is mainstreaming, we had larry fink on it, thinking of more etfs. whether people lose confidence in what is essentially a ledger, not anything really backing up used currency which is backed by full faith and credit. it's a pretty despicable fraudster, he got caught. i tend to agree with the counselor. if you tell me he's getting 40 years in jail. i can see why judge kaplan said 40 years in jail, no one is getting crushed here. let's throw him in jail for 25 years but to extrapolate t
neil: 17 minutes after the hour, sam bankman-fried, the ftx founder responsible for stealing $10 million, has been sentenced to 25 years in prison. i'm told the he could serve 16 to 18 years of that sentence. that is a moving target. i interrupted you rudely. charles: i just think it does a disservice by saying this is good for bitcoin. this has nothing to do with bitcoin. it doesn't help bitcoin. sam bankman-fried wasn't invested in bitcoin. he committed a garden variety fraud called a ponzi...
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Mar 28, 2024
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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 22, 2024
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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...