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Mar 29, 2024
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sam bankman—fried, once known as the king of crypto has been given 25 years in jail. he used to be the boss of the ftx exchange, but was found guilty of swindling customers and investors. he's been ordered to forfeit $11 billion which can be used to compensate victims. he's expected to appeal. european and us markets are closed for the east weekend holidays. yesterday london hit a one—year high while frankfurt inched higher and paris ended flat as traders continued to weigh the recent uptick in inflation. asian indices closed mixed after a senior federal reserve official floated the idea of delaying or reducing cuts to us interest rates, boosting the dollar. major stock markets "are still hovering around record levels as investors continue the world." don't forget you can get in touch with me and some of the team on twitter. hello from the bbc sport centre. xabi alonso has confirmed that he will remain with bundesliga club bayer leverkusen next season, ending speculation linking him the future managerial vacancies at liverpool and bayern munich. alonso has led lever
sam bankman—fried, once known as the king of crypto has been given 25 years in jail. he used to be the boss of the ftx exchange, but was found guilty of swindling customers and investors. he's been ordered to forfeit $11 billion which can be used to compensate victims. he's expected to appeal. european and us markets are closed for the east weekend holidays. yesterday london hit a one—year high while frankfurt inched higher and paris ended flat as traders continued to weigh the recent...
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Mar 29, 2024
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>> reporter: ftx once the go to celebrity endorsed crypto exchange. behind the scenes customers did not know sam bankman-fried was using billions of their money for himself to prop up his struggling hedge fund. at trial prosecutors played this interview with our george stephanopoulos. >> you do know and did know ftx deposits were being funneled to alameda? >> i was vaguely aware that that was how some wires were being sent in the first place. >> george: didn't that set off alarm bell in your head? >> there are a lot of people who are involved in that process. 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. >> reporter: customers lost everything. one victim telling the judge the money which i wanted to spend on a family home taken away, as well as my children's education. in addition to the 25 years in prison, bankman-fried was ordered to forefit $11 billion to compensate victims. one of the stiffest white collar sentences handed down in years and reflected
>> reporter: ftx once the go to celebrity endorsed crypto exchange. behind the scenes customers did not know sam bankman-fried was using billions of their money for himself to prop up his struggling hedge fund. at trial prosecutors played this interview with our george stephanopoulos. >> you do know and did know ftx deposits were being funneled to alameda? >> i was vaguely aware that that was how some wires were being sent in the first place. >> george: didn't that set...
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Mar 29, 2024
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have closed for the good friday holiday but we are here with lots to talk about, we should mention the crypto market is open so let's look at the markets first, this was the performance in the first quarter, dow jones gained 5. 5, s&p 10%, not too shabby. as for bitcoin, down a little bit down 200 points or thereabouts, still above 70,000. now this. the white house laughing off house oversight committee chair james comber's invite to president biden to testify in his impeachment inquiry. they say lol, 20 plus witnesses have testified but potus did nothing wrong. he knows the hundreds of thousands of pages of records he received have refuted his false allegations. a sad stump at the end of the dead impeachment. tammy bruce joins me, the perfect person to comment on this. the white house may be laughing but do voters find this a laughing matter? tammy:we can look at the numbers president biden has been afflicted with, extraordinarily collapsed framework from a few years ago, related to policy but also attitude. we know a question like does the president relate to someone like me, biden doesn't.
have closed for the good friday holiday but we are here with lots to talk about, we should mention the crypto market is open so let's look at the markets first, this was the performance in the first quarter, dow jones gained 5. 5, s&p 10%, not too shabby. as for bitcoin, down a little bit down 200 points or thereabouts, still above 70,000. now this. the white house laughing off house oversight committee chair james comber's invite to president biden to testify in his impeachment inquiry....
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Mar 29, 2024
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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 calculating, one telling the judge he lost money. i wanted to spend on a family home, another saying it wa
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...
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Mar 29, 2024
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the one-time king of crypto headed to prison. how long sam bankman-fried will spend behind bars for his role in defrauding ftx investors. >>> a split-screen moment in new york city. donald trump attends the wake of a fallen police officer, while president obama and president clinton seek to help president biden in a fundraiser. >>> and can anybody else literally get into the 2024 race? >>> and from one texan to another, beyonce's act two is finally here. the meg a stars who collaborate with queen bey on cowboy carter. "early today" starts right now. good morning to you. i'm frances rivera. we again begin with the latest developments in baltimore. the white house announcing the release of $60 million to help with rebuilding the francis scott key bridge. special equipment has been sent to help clear the blocked channel, while the search for the remains of the four missing workers continues. here's alice barr. >> reporter: the impact that struck the heart of baltimore. >> the whole bridge just fell down. >> reporter: now rippling ac
the one-time king of crypto headed to prison. how long sam bankman-fried will spend behind bars for his role in defrauding ftx investors. >>> a split-screen moment in new york city. donald trump attends the wake of a fallen police officer, while president obama and president clinton seek to help president biden in a fundraiser. >>> and can anybody else literally get into the 2024 race? >>> and from one texan to another, beyonce's act two is finally here. the meg a...
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. >>> another carmaker issuing a recall, and a disgraced crypto mogul learns his fate. here's carissa lawson with today's cbs "money watch" report. >> reporter: the stock market is closed on this good friday, but ended the week in mixed territory. the dow rose 47 points to close at a record high. the nasdaq lost 20, and the s&p 500 gained five points to also hit a record. >>> fallen cryptocurrency mogul sam bankman-fried was sentenced to 25 years in prison for one of the largest financial frauds in u.s. history. the 32-year-old 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
. >>> another carmaker issuing a recall, and a disgraced crypto mogul learns his fate. here's carissa lawson with today's cbs "money watch" report. >> reporter: the stock market is closed on this good friday, but ended the week in mixed territory. the dow rose 47 points to close at a record high. the nasdaq lost 20, and the s&p 500 gained five points to also hit a record. >>> fallen cryptocurrency mogul sam bankman-fried was sentenced to 25 years in prison...
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the one-time king of crypto headed to prison. how long sam bankman-fried will spend behind bars for his role in defrauding ftx investors. >>>
the one-time king of crypto headed to prison. how long sam bankman-fried will spend behind bars for his role in defrauding ftx investors. >>>
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and in listing celebrities including quarterback tom brady -- >> i'm getting into crypto. >> reporter: and basketball star steph curry good 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 hard wired 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 didn't feel risk. >> reporter: now, there is no parole for federal crimes, but good behavior can reduce time served. bankmanfried's lawyers will appeal this sentence, and judge kaplan recommends he serve in a medium security prison in the bay area of northern california, norah. that's closer to bankman-fried's parents. >> errol barnett, thank you so much. >>> as russia escalates its attacks on ukraine, president volodymyr zelenskyy spoke with speaker of the house mike johnson today, telling
and in listing celebrities including quarterback tom brady -- >> i'm getting into crypto. >> reporter: and basketball star steph curry good 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...
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to 25 years in prison after crypto fraud stealing billions of customers, your reaction i know you're predicting that bitcoin can hit $100,000. >> yes. bitcoin 100,000 before the end of the year in ethereum 5000 before the end of the year are my targets. in terms of sam bankman-fried it's so great to see someone criminally prosecuted and sentenced. in terms of the tenor of the sentence it won't be long enough we did not have near enough connection to fts thankfully but i will say it's good that were closing the chapter on essentially a lot of fraudulent and criminal activity i thinking crypto. i wish that the regulators would get their act together with legislatures and make this industry much more credible. it's their fault frankly i think they've done a slow roll on both ends but nevertheless the industry is mature so much so obviously bitcoin etf's have been reported widely in the past week we've seen blackrock launch a money market fund that's focused on ethereum were seeing real world cases tokenized in the gold fund. we'll see a lot of financial products tokenized because it's f
to 25 years in prison after crypto fraud stealing billions of customers, your reaction i know you're predicting that bitcoin can hit $100,000. >> yes. bitcoin 100,000 before the end of the year in ethereum 5000 before the end of the year are my targets. in terms of sam bankman-fried it's so great to see someone criminally prosecuted and sentenced. in terms of the tenor of the sentence it won't be long enough we did not have near enough connection to fts thankfully but i will say it's good...
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. >>> former crypto mogul sam bankman-fried sentenced to 25 years for massive fraud. his apology in court before learning his fate. >>> on the east coast, the soaking rain and flood risk. >>> the race for 2024. president biden sharing the stage tonight with barack obama and bill clinton at a star-studded fundraiser. just miles away, former president trump at the wake for a slain nypd officer as he campaigns on the issue of crime. >>> the mission to protect the giants of the sea. inside the new whale traffic control. >>> and as small-town papers disappear, harry smith takes us to maine, where local news is getting a lifeline. >> announcer: this is "nbc nightly news" with lester holt. >> good evening and welcome. tonight, we are getting our closest look yet at the precarious remains of baltimore's francis scott key bridge and the out-of-control container ship that toppled it. our team out with the army corps of engineers today as they prepare for the formidable challenge of clearing the blocked channel. tonight, special equipment is on the way to begin the work, while t
. >>> former crypto mogul sam bankman-fried sentenced to 25 years for massive fraud. his apology in court before learning his fate. >>> on the east coast, the soaking rain and flood risk. >>> the race for 2024. president biden sharing the stage tonight with barack obama and bill clinton at a star-studded fundraiser. just miles away, former president trump at the wake for a slain nypd officer as he campaigns on the issue of crime. >>> the mission to protect...
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what do we think this means for the crypto industry? >> well, there are a few pieces i think are fair to expect to come in the future. first, there's obviously this piece of continuing to make the customers and victims of the sam bankman-fried scheme whole. that's one piece still being resolved. and then there's this regulatory piece specifically looking at fraud and the digital asset space. fully understanding, realizing, and pinpointing the risks that come with this growing part of the financial sector. and then i think you also have this signal that the sentencing really brought a signal that people who hold enormous power in this space will be punished. this is not something that can be slapped away with a fine and then, you know, we'll move on from there. there are serious consequences here. >> 25 years certainly a serious consequence. joining us from d.c. economics reporter for "the washington post," rachel siegel, thank you. >>> still ahead here on "way too early," former republican congresswoman liz cheney is warning about the d
what do we think this means for the crypto industry? >> well, there are a few pieces i think are fair to expect to come in the future. first, there's obviously this piece of continuing to make the customers and victims of the sam bankman-fried scheme whole. that's one piece still being resolved. and then there's this regulatory piece specifically looking at fraud and the digital asset space. fully understanding, realizing, and pinpointing the risks that come with this growing part of the...
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years behind bars after a jury found him guilty of >> defrauding customers and investors in his failed crypto exchange, ftx, cns, kara scannell, track to sentencing hearing for us today. kara. so what played out in the courtroom? >> let's bankman-fried address the judge saying that he was sorry and that he made some bad decisions. but prosecutors say this wasn't a case of mismanagement. 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, whic
years behind bars after a jury found him guilty of >> defrauding customers and investors in his failed crypto exchange, ftx, cns, kara scannell, track to sentencing hearing for us today. kara. so what played out in the courtroom? >> let's bankman-fried address the judge saying that he was sorry and that he made some bad decisions. but prosecutors say this wasn't a case of mismanagement. sam bankman-fried stole more than 8 billion from investors and customers of ftx and lenders to...
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just a couple of years ago, he was a young billionaire living in the bahamas running crypto exchange. exerting influence in washington and courting celebrity endorsements. then it came crashing down. >> it does appear they are filing chap already 11. >> customers left unable to access their funds. he maintained he had not done anything wrong. >> i didn't ever try to commit fraud on anyone. >> reporter: but today in court, bankman fried was contrite. telling the judge he made selfish decisions adding it haunts me every day. i was the ceo of ftx, he said, i was responsible. the judge said there is a risk that this man will be in position to do something very bad in the future. and adding in his 30 years he has never seen a performance like bankman fried's trial testimony saying when he was not lying he was evasive. his parents solemn saying they are heartbroken and will continue to fight for their son. lawyers will appeal. >> i couldn't eat sleep. >> reporter: he lost $2 million when ftx imploded and he is waiting to get the money back. >> i don't think it fully reflects the financial a
just a couple of years ago, he was a young billionaire living in the bahamas running crypto exchange. exerting influence in washington and courting celebrity endorsements. then it came crashing down. >> it does appear they are filing chap already 11. >> customers left unable to access their funds. he maintained he had not done anything wrong. >> i didn't ever try to commit fraud on anyone. >> reporter: but today in court, bankman fried was contrite. telling the judge he...
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. >> that is how long crypto entrepreneur sam bankman-fried will spend in prison. why? some experts say they believe his sentencing was meant to send a message. >> also, the former mayor of a town in sonoma county will not be prosecuted following several allegations of sexual assault. why the state attorney general is d ppin 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 comcast business powers more small businesses than anyone else. get started for $49.99 a month plus ask how to get up to an $800 prepaid card. don't wait- call today. campaign cannot catch president biden when it comes to fundraising. tonight, the president landed in new york for an event with former presidents barack obama and bill clinton. the fundraising goal for the evening. $25 million. meantime an adviser to trump's campaign told reporters tod
. >> that is how long crypto entrepreneur sam bankman-fried will spend in prison. why? some experts say they believe his sentencing was meant to send a message. >> also, the former mayor of a town in sonoma county will not be prosecuted following several allegations of sexual assault. why the state attorney general is d ppin 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....
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we have confirmed data the perpetrators received significant amounts of money and crypto currency from ukraine but it's hard to take the kremlin fighting a brutal war in ukraine at its word critic site, maybe using the tragedy in moscow to bolster flagging support for conflict, costing tens of thousands of lives and to mask the shortcomings of its own intelligence services to focused in recent years, say critics on russia's political opposition like supporters of the late alexey navalny and not enough on the islamist threat. >> those >> for the kremlin, that's a damaging criticism. president putin here visiting a military helicopter base north of moscow, but there's long cast himself as the guarantor of russian stability and secured now, more than ever, to many russians that guarantee seems threadbare will tonight brianna, the death toll in the attack near moscow has risen to at least 143 people and investigators say there are multiple reports of people still missing while thousands of russians have gone to the scene to lay flowers and to pay their respects president putin has yet to v
we have confirmed data the perpetrators received significant amounts of money and crypto currency from ukraine but it's hard to take the kremlin fighting a brutal war in ukraine at its word critic site, maybe using the tragedy in moscow to bolster flagging support for conflict, costing tens of thousands of lives and to mask the shortcomings of its own intelligence services to focused in recent years, say critics on russia's political opposition like supporters of the late alexey navalny and not...
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Mar 29, 2024
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sam bankman—fried, the 32—year—old once known as the crypto king, is sentenced to prison. the white house approves money to help the us state of maryland respond to the deadly collpase of a bridge in baltimore. hello. i'm caitriona perry. you've very welcome. let's start in the middle east, where the syrian defence ministry says israel carried out an air strike on the city of aleppo. reports say at least 36 people — including some hezbollah fighters — were killed. syrian officials say aleppo had also come under fire from drones launched by what it called "terrorist groups". a british—based monitoring group the syrian observatory for human rights said the strikes targeted weapons stores near aleppo international airport. contacted by the afp news agency, the israeli military said it would "not comment on reports in the foreign media". the international court ofjustice has ordered israel to take all necessary action to ensure that basic food supplies reach palestinians facing hunger in gaza. thejudges said the israeli military must not violate the international convent
sam bankman—fried, the 32—year—old once known as the crypto king, is sentenced to prison. the white house approves money to help the us state of maryland respond to the deadly collpase of a bridge in baltimore. hello. i'm caitriona perry. you've very welcome. let's start in the middle east, where the syrian defence ministry says israel carried out an air strike on the city of aleppo. reports say at least 36 people — including some hezbollah fighters — were killed. syrian officials say...
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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 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 wanting, 14—15 years and by contrast lawyers for mr bankman—fried said he should get less than
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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when we come back, former crypto king sam bankman-fried is sentenced to a quarter of a century behind bars. we break down his big day in court on the 11th hour continues. if you spit blood when you brush, it could be the start of a domino effect. new parodontax active gum repair breath freshener. clinically proven to help reverse the four signs of early gum disease. a new toothpaste from parodontax, the gum experts. you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. ♪oh what a good time we will have♪ ♪you... can make it happen...♪ ♪♪ try dietary supplements from voltaren for healthy joints. [music playing] tiffany: my daughter is mila. she is 19 months old. she is a l
when we come back, former crypto king sam bankman-fried is sentenced to a quarter of a century behind bars. we break down his big day in court on the 11th hour continues. if you spit blood when you brush, it could be the start of a domino effect. new parodontax active gum repair breath freshener. clinically proven to help reverse the four signs of early gum disease. a new toothpaste from parodontax, the gum experts. you know what's brilliant? boring. think about it. boring is the unsung...
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it's very much a bitcoin story and crypto is still searching for those cases. we will leave _ searching for those cases. we will leave it _ searching for those cases. we will leave it there. steven ehrlich, director of research at forbes crypto, thank you for joining us on bbc news.- joining us on bbc news. thank ou. the biden administration has approved maryland's request for $60 million in aid for recovery efforts after a bridge in baltimore collapsed when it was hit by a cargo ship. divers have so far found the bodies of two people in a red pick—up truck underwater. eight workers were on the bridge when it was hit by the cargo ship dali, plunging them into the waters below. two were rescued on the day, but the search continues for four other men who were working on the bridge repairing potholes. all are now presumed dead. investigators say the container ship that crashed, and still remains in the patapsco river, was carrying more than 700 tons of hazardous materials. the jobs of at least 8,000 workers at the port of baltimore are affected by the collapse o
it's very much a bitcoin story and crypto is still searching for those cases. we will leave _ searching for those cases. we will leave it _ searching for those cases. we will leave it there. steven ehrlich, director of research at forbes crypto, thank you for joining us on bbc news.- joining us on bbc news. thank ou. the biden administration has approved maryland's request for $60 million in aid for recovery efforts after a bridge in baltimore collapsed when it was hit by a cargo ship. divers...
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the palo alto native was a tight in the crypto industry as ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say bankman-fried cost investors more than 10 billion dollars by misappropriating the money to cover his expenses which included purchasing luxury properties in the the judge says that he would advise the federal bureau of prisons to send him to a medium security prison or less near the san francisco bay area because he's unlikely to be a physical threat to other inmates or prison staff and his autism and social awkwardness with make him vulnerable to other inmates in a high security location. actor cuba gooding junior has now been added to the list of names allegedly links to the federal sex-trafficking investigation involving music mogul. >> sean diddy combs, according to court documents, music producer rodney jones says gooding junior sexually harassed and assaulted him on combs yacht. in february, jones filed original lawsuit aga
the palo alto native was a tight in the crypto industry as ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say bankman-fried cost investors more than 10 billion dollars by misappropriating the money to cover his expenses which included purchasing luxury properties in the the judge says that he would advise the federal bureau of prisons to send him to a medium security prison or...
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lena howland abc seven news on the peninsula the peninsula rather native, dubbed the former king of crypto, is headed to prison for 25 years. >> today, a federal judge in new york sentenced sam bankman-fried following his conviction last november on fraud and conspiracy charges. 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 lea
lena howland abc seven news on the peninsula the peninsula rather native, dubbed the former king of crypto, is headed to prison for 25 years. >> today, a federal judge in new york sentenced sam bankman-fried following his conviction last november on fraud and conspiracy charges. 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....
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king of crypto is off to federal prison for 25 years. before he was sentenced today, bankman-fried apologized for his $11 billion fraud. "i made a series of bad decisions," he said, "it haunts me every day." but the judge not buying it, noting there was never a word of remorse for the commission of terrible crimes. >> you just need ftx. >> 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
king of crypto is off to federal prison for 25 years. before he was sentenced today, bankman-fried apologized for his $11 billion fraud. "i made a series of bad decisions," he said, "it haunts me every day." but the judge not buying it, noting there was never a word of remorse for the commission of terrible crimes. >> you just need ftx. >> you just need ftx! >> reporter: with celebrity endorsements and bankman-fried's guarantees money would be safe, ftx...
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Mar 29, 2024
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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 that the white house is taking this very seriously and that there is
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...
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. >> well, in the end, no one appears to be buying sam bankman-fried's good boy crypto act. not the jury. when he was convicted last year and certainly not the judge today. now he was sentenced to 25 years behind bars. the max he could have gotten was 110 years. the prosecution was looking for something in the 40 to 50 range. he is also required to pay over $11 billion, though that is a formality at this point because he is pretty much broke. and we did hear from sam himself today. it was rather surprising given his poor performance during the trial. he said he was sorry that he made a lot of bad decisions, but he never admitted fault. that's important because his legal team does intend to file an appeal. there was also a lot of focus today on harm, the defense argued there was none, given customers are expected to get their money back through bankruptcy. but the judge bought none of that. he held sbf responsible for 8 billion in customer losses and 3 billion for investors and lenders. i will note new york law. it is all about intent, not actual loss. it doesn't matter if vi
. >> well, in the end, no one appears to be buying sam bankman-fried's good boy crypto act. not the jury. when he was convicted last year and certainly not the judge today. now he was sentenced to 25 years behind bars. the max he could have gotten was 110 years. the prosecution was looking for something in the 40 to 50 range. he is also required to pay over $11 billion, though that is a formality at this point because he is pretty much broke. and we did hear from sam himself today. it was...
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Mar 28, 2024
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tonight, former crypto-currency mogul sam bankman-fried sentenced to 25 years in prison in one of the largest financial fraud cases in u.s. history. more on that in a moment. >>> but we begin with the stunning new images just coming in from onboard the cargo ship that brought down baltimore's francis scott key bridge. new images just coming in from the ntsb show inspectors probing the damage, the twisted metal of the bridge draped across the front of the ship. onboard, they found 56 containers of hazardous materials. some broken open, spilling into the water. officials say there is no immediate threat. our team out on the water today with the army corps of engineers. cranes are on the way to clear the debris and tow the ship away. and then to recover theed bos of the four missing construction workers trapped underneath. abc's elizabeth schulze on the scene tonight. >> reporter: tonight, a massive >> reporter: tonight, a first look inside the cargo ship that crashed into baltimore's francis scott key bridge. ntsb investigators combing through the catastrophic damage, collecting evidenc
tonight, former crypto-currency mogul sam bankman-fried sentenced to 25 years in prison in one of the largest financial fraud cases in u.s. history. more on that in a moment. >>> but we begin with the stunning new images just coming in from onboard the cargo ship that brought down baltimore's francis scott key bridge. new images just coming in from the ntsb show inspectors probing the damage, the twisted metal of the bridge draped across the front of the ship. onboard, they found 56...
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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 medium security prison in the bay area of northern california, norah, that's closer to bankman-fried's parents. >> norah: errol barnett, thank you so much. as russia escalates attacks on ukraine, president matt volodymyr zelenskyy spoke with speaker of the house mike johnson today, telling himt is vital that congress pa
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...
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sentencing de for sam bankman-fried, the 32 once known as a crypto king now we'll spend decades behind bars for one of the biggest financial fraud cases ever. his plea for mercy, the scolding he heard from the judge, and the customers, he swindled. can they ever get their money back? >> plus >> heavy lift cranes will soon be on the seam of the deadly bridge collapse in baltimore ready to move metal off the cargo ship that hit the bridge? just how many other us bridges are at risk of falling if they two, or hit with the same force. and universities now charging students a whopping $90,000 a year here, where exactly all that money goes and just how far off pace it is with inflation welcome, to the lead on jim sciutto in for jake tapper and we begin with our tech lead. sam bankman-fried is now doing time for cryptocurrency crimes a judge is centered. the former ceo of the collapsed crypto exchange, ftx today, to 25 years in prison after jurors found him guilty of stealing $8 billion in savings from his customers. us attorney for the southern district of new york summed it up this way, quo
sentencing de for sam bankman-fried, the 32 once known as a crypto king now we'll spend decades behind bars for one of the biggest financial fraud cases ever. his plea for mercy, the scolding he heard from the judge, and the customers, he swindled. can they ever get their money back? >> plus >> heavy lift cranes will soon be on the seam of the deadly bridge collapse in baltimore ready to move metal off the cargo ship that hit the bridge? just how many other us bridges are at risk of...
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it's really not a player in the crypto space any longer. crypto is still alive and well and kicking. bitcoin's at $70,000. it hasn't had any impact necessarily on the price of the coin itself or the industry overall. but ftx is no longer. >> is he going to have the chance to try to shorten the sentence? >> i would imagine so. michael milken was convicted and sentenced to 24 months, got out in 22. elizabeth holmes may be able to also shorten her sentence. bernie madoff died in prison, so that -- many ways is a moot point. yeah, i suspect he might. my preference was that he serve the full time. this is -- this was a big fraud. one of the biggest frauds in the history of financial markets. and so you know, i think it's certainly a fair sentence, my own opinion, not a legal opinion. but you know, he did use nor money and did lose investor money and used it not only to live high on the hog, he made political donations, philanthropic contributions, all of those things with wasn't that was not his. a very serious set of crimes. 25 years, probably
it's really not a player in the crypto space any longer. crypto is still alive and well and kicking. bitcoin's at $70,000. it hasn't had any impact necessarily on the price of the coin itself or the industry overall. but ftx is no longer. >> is he going to have the chance to try to shorten the sentence? >> i would imagine so. michael milken was convicted and sentenced to 24 months, got out in 22. elizabeth holmes may be able to also shorten her sentence. bernie madoff died in...
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. >>> the man behind a failed crypto currency exchange is now set to spend the next 25 years behind bars. sam bankman-fried was sentenced late this morning for his role in that multibillion dollar fraud scheme. sbf as people call him was accused of stealing 8 build from customers and lying to investors. prosecutors were seek zing up to 50 years. so brian cheung is joining us. what did we hear today? >> this marks the end if you will for the time being to the long saga after the collapse in 2022 of the cryptocurrency exchange fts. the prosecutors in the case had wanted to get him with 40 to 50 years in prison. their argument is many lost millions of dollars in some cases, whereas his defending council tried to push for 6 1/2 years. so 25 is kind of in the middle. judge kaplan said he found the arguments from the defense to be misleading and speculative. and some of the things that defense were trying to argue is for example that they could recuperate the money and that it won't be as bad for consumers because they would ultimately get their money back and they were trying to paint the pic
. >>> the man behind a failed crypto currency exchange is now set to spend the next 25 years behind bars. sam bankman-fried was sentenced late this morning for his role in that multibillion dollar fraud scheme. sbf as people call him was accused of stealing 8 build from customers and lying to investors. prosecutors were seek zing up to 50 years. so brian cheung is joining us. what did we hear today? >> this marks the end if you will for the time being to the long saga after the...
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the amount of time the founder of ftx will spend behind bars after being found guilty of crypto fraud. plus opening day is here and it may be the final one for the a's in oakland. the action some fans are taking to protest the team's planned move to vegas. ♪♪ ♪♪ >>> good morning, and thanks for joining us for our midday newscast. i'm marcus washington. our top story, sam bankman-fried sentenced to 25 years in prison. this is for his role in defrauding users of the collapsed cryptocurrency exchange ftx, that judge delivering the sentence that bankman-fried committed obstruction of justice and witness tampering while mounting his defense. the prosecution sought 50 years while his legal team argued for no more than six and a half years. he was convicted on several criminal counts back in november. >>> well, here we are, opening day and there's really nothing quite like it, right? but if it's the last opening day ever for your beloved team in its current city, well, that's what a's fans are hearing as the season opens, nbc bay area's bob redell say one group of fans, they hope tha
the amount of time the founder of ftx will spend behind bars after being found guilty of crypto fraud. plus opening day is here and it may be the final one for the a's in oakland. the action some fans are taking to protest the team's planned move to vegas. ♪♪ ♪♪ >>> good morning, and thanks for joining us for our midday newscast. i'm marcus washington. our top story, sam bankman-fried sentenced to 25 years in prison. this is for his role in defrauding users of the collapsed...
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ivana and track your car's value today >> afterward is on the arizona mexico and this is cnn >> former crypto billionaire sam bankman-fried was sentenced today to 25 years behind bars for leading one of the largest financial frauds in history, a jury found him guilty in november of fraud through his failed ftx crypto exchange bankman-fried apologize saying, quote, a lot of people feel really let down and they were very letdown. i am sorry about what happened at every stage. and there are things i should have done and things i shouldn't have. he said the collapse of his company haunts him and said, quote, my useful life is probably over. it's been over for awhile now, joining us now is prison consultant and founder of white-collar advice justin pepperoni. justin, great to have you because we want to get your perspective here. prosecutors pushed for 40 to 50 years bankman-fried's team had argued for six-and-a-half years saying that would be appropriate. what is 25 years mean to someone bankman-fried' s age? and how would you advise him to approach it? >> i know it feels like a life sentence. i
ivana and track your car's value today >> afterward is on the arizona mexico and this is cnn >> former crypto billionaire sam bankman-fried was sentenced today to 25 years behind bars for leading one of the largest financial frauds in history, a jury found him guilty in november of fraud through his failed ftx crypto exchange bankman-fried apologize saying, quote, a lot of people feel really let down and they were very letdown. i am sorry about what happened at every stage. and...
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Mar 28, 2024
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the judge gave the former c o the crypto currency exchange f t x 25 years behind bars. that is significantly less than the a 110 years that he could have received. but more than the 6 and a half that his lawyers had requested, they said he never intended to steal that his customers would eventually be made whole through bankruptcy proceedings. and that at his heart, he wanted to be good and donated his money to philanthropy and help people around the world. the prosecutors took exception to that characterization. they had requested 40 to 50 years behind bars, saying that he hadn't accepted full responsibility for his fraud or his line and could be in a position if let out. to do something like this. again, sam bagman fried, said little as the sentence was read. she did tell the judge that he was sorry for letting people down, sorry for a series of bad decisions. and he left the court room and a hand costs just 32 years old. now we'll spend the next 25 years in prison. the judge did suggest that he'd be allowed to be remanded to a prison near his parents in california wh
the judge gave the former c o the crypto currency exchange f t x 25 years behind bars. that is significantly less than the a 110 years that he could have received. but more than the 6 and a half that his lawyers had requested, they said he never intended to steal that his customers would eventually be made whole through bankruptcy proceedings. and that at his heart, he wanted to be good and donated his money to philanthropy and help people around the world. the prosecutors took exception to...
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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 out here. it looks like it was more like a casino or a game or a video game than anything else. i mean, look, there are legitimate ways to invest in crypto, but the really sad part about this story, there were a lot of people who were investing with him and in cryptocurrencies who shouldn't have been. this was not the right kind of investment for them. they should have been in something more in line with their own risk. there's already the risk of crypto and then you have the fraudulent actors in that space. >> yeah, i mean, there are parts of this story that without a doubt are laughable just because they're so crazy. >> you couldn't write it. >> on their face, but for people who are victims of it it's a whole other thing. christine romans and zeka faux, thank you so much. >>> the return of america's favorite pastime is officia
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 out here. it looks like it was more like a casino or a game or a video game than anything else. i mean, look, there are legitimate ways to invest in crypto, but the really sad part about this story, there were a lot of people who...
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is it because of this fact that crypto has rebounded, that the people that lost money initially might get some or all of it back, things like that >> that's probably a major factor, an argument the defense made that the loss here -- remember, the government and the probation department kind of arrive at their own number for loss. so loss can mean a lot of different things is it the amount that went into sbf's pocket is it the amount that disappeared? if it, is should he get credit for the money that some people are able to get back, especially if they get dollar for dollar, 100 cents on the dollar? so loss is never a concrete number, at least in one defense attorney's mind, that's me and, in fact, the law has changed considerably in the last couple of years. it used to be intended loss. now it's supposed to be actual loss, what is the actual loss? so the judge may have taken that into consideration either way, the sentence he gave was far below what the recommended sentencing guidelines were. the judge has the discretion to do that, but it's very interesting, because when a judge exco
is it because of this fact that crypto has rebounded, that the people that lost money initially might get some or all of it back, things like that >> that's probably a major factor, an argument the defense made that the loss here -- remember, the government and the probation department kind of arrive at their own number for loss. so loss can mean a lot of different things is it the amount that went into sbf's pocket is it the amount that disappeared? if it, is should he get credit for the...
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randomly punched while they were walking around new york city will have details ahead, plus former crypto kingpin, sam bankman-fried is just been sentenced to 25 years in prison. we're going to talk to a prison consultant about what the former billionaire can expect behind bars >> sanity needs a safe space >> you have a show were right, left, top two cnn presents an encore presentation of hbo's real time with bill maher, saturday at eight on cnn >> can the riva support your brain health? >> married janet. hey, eddie know fraser, franck. frank bred. how are you? >> fred, fuel up to seven brain health indicators, including your memory, joined the new riva brain health challenge. >> it's kubota, orange days shot the year's biggest election of komodo equipment. hey, get zero the present apr for 84 months or up to $3,300 off select callback directors, find your nearest dealer, akre boada, orange days.com here. >> you can expect to find crystal >> clear audio expensive display space and more comfort for every one but we still left room for all the unexpected things. you'll find out here. the ne
randomly punched while they were walking around new york city will have details ahead, plus former crypto kingpin, sam bankman-fried is just been sentenced to 25 years in prison. we're going to talk to a prison consultant about what the former billionaire can expect behind bars >> sanity needs a safe space >> you have a show were right, left, top two cnn presents an encore presentation of hbo's real time with bill maher, saturday at eight on cnn >> can the riva support your...
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Mar 28, 2024
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the message he was sending to the crypto and industry, 25 years as the industry grew certainly sends a message. to give you a color on how he got there inside the courtroom, they try to paint him as a misunderstood nerd, he himself even spoke in his own defense think that he was sorry but i want to underscore that he never admitted responsibility or fault. he said that he regretted he was not able to fix things and that's very important because his legal team has indicated that they do intent to appeal his sentence as well as the conviction. when the judge put down that sentence, and the child he never made any attempt to conceal how he felt about sam bankman-fried. and today was no different, sam described himself as the good person of the crypto interest rate and that was alive. so harris, he will save that sentence in a medium security prison in san francisco so he is able to see his family but as i have said, he is looking to appeal this going forward. >> harris: kelly, thank you very much and a new round of polling shows donald trump widening his lead over president biden. one b
the message he was sending to the crypto and industry, 25 years as the industry grew certainly sends a message. to give you a color on how he got there inside the courtroom, they try to paint him as a misunderstood nerd, he himself even spoke in his own defense think that he was sorry but i want to underscore that he never admitted responsibility or fault. he said that he regretted he was not able to fix things and that's very important because his legal team has indicated that they do intent...
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uncertainty when it comes to the broader crypto space —— so much regulatory uncertainty. you shouldn't be able to cheat people, there should be well crafted laws and regulation that protects freedom and that is good because it shouldn't be easy for unethical people to steal our counterfeit money. there is nothing wrong with security, what he was issuing mod security, what he was issuing mod security, but issues need to disclose the risks so that investors understand who is in control. who can make decisions that will potentially affect their money. bitcoin is a decentralised asset and commodity that nobody can control and emission is to remove the ability to print money out of thin air, which is what sbf was doing and why he harmed so many people because he still that money. we why he harmed so many people because he still that money.— he still that money. we believe it there as we _ he still that money. we believe it there as we continue _ he still that money. we believe it there as we continue to _ he still that money. we believe it there as we continue to watch - he
uncertainty when it comes to the broader crypto space —— so much regulatory uncertainty. you shouldn't be able to cheat people, there should be well crafted laws and regulation that protects freedom and that is good because it shouldn't be easy for unethical people to steal our counterfeit money. there is nothing wrong with security, what he was issuing mod security, what he was issuing mod security, but issues need to disclose the risks so that investors understand who is in control. who...
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this was a crypto exchange widely advertised and endorsed by celebrities, who by the way were paid. it was pitched as the way for main street to get into the riches of the criminal world. what was happening behind the scenes is a jury agreed he was using it as a personal bank and making risky investments in alameda, an affiliated hedge fund. that he was using the money to buff up his own prestige in washington and to live a lavish lifestyle. hubris and access is what the jury believed. we are waiting, any hour we could get the verdict from the judge. >> thank you so very much. appreciate the update. >>> new developments about the six workers presumed dead after a bridge collapse in baltimore. just last night officials recovered the bodies. bodies. 35 years old and originally from mexico he had been living in mexico. we are also learning more about the other victims. miguel luna 38, originally from el salvador, a husband and father of three. he had been living in maryland for at least 19 years. the washington post reports he was a big soccer fan as well. jose lopez originally from gu
this was a crypto exchange widely advertised and endorsed by celebrities, who by the way were paid. it was pitched as the way for main street to get into the riches of the criminal world. what was happening behind the scenes is a jury agreed he was using it as a personal bank and making risky investments in alameda, an affiliated hedge fund. that he was using the money to buff up his own prestige in washington and to live a lavish lifestyle. hubris and access is what the jury believed. we are...
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katie: i will be back for a special edition of bloomberg crypto at 12:00 p.m. eastern and of course you can catch david on the big take, bid take podcast. coming up joshua bolten comes up to talk about how the election risk will impact wall street. this is bloomberg. ♪ personalized financial advice from ameriprise can do more than help you reach your goals. -you can make this work. -we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. great job astro-persons. over. boring is the jumping off point for all the un-boring things we do. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. taking chances is for skateboarding... and gas station sushi. not banking. th
katie: i will be back for a special edition of bloomberg crypto at 12:00 p.m. eastern and of course you can catch david on the big take, bid take podcast. coming up joshua bolten comes up to talk about how the election risk will impact wall street. this is bloomberg. ♪ personalized financial advice from ameriprise can do more than help you reach your goals. -you can make this work. -we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our...
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. >>> meanwhile, the self-proclaimed king of crypto is in court and will learn his fate today. disgraced ftx founder sam bankman-fried set to be sentenced this morning after being convicted of orchestrating one of the biggest financial frauds in history. nbc's business correspondent brian cheung is here. brian, what are we expecting in terms of court today and the sentencing? >> reporter: yeah, good morning, guys. sam bankman-fried could face decades in prison. it all depends on how a judge will decide to sentence him, which could happen later on this morning. this is related to the $10 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 m
. >>> meanwhile, the self-proclaimed king of crypto is in court and will learn his fate today. disgraced ftx founder sam bankman-fried set to be sentenced this morning after being convicted of orchestrating one of the biggest financial frauds in history. nbc's business correspondent brian cheung is here. brian, what are we expecting in terms of court today and the sentencing? >> reporter: yeah, good morning, guys. sam bankman-fried could face decades in prison. it all depends on...
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we turn now to the former king of crypto, sam bankman-fried. he will be in court for master minding a billion dollar fraud scheme. he's potentially facing decades behind bars. aaron katersky has been following this from the start. he is at the courthouse in downtown manhattan. good morning, aaron. >> reporter: good morning, rebecca. sam bankman-fried was convicted of orchestrating one of the biggest financial frauds in american history. he's about to find out how he will be punished for it. once hailed the king of crypto, currency of the future, this morning sam bankman-fried faces sentences for old fashion crimes. lying, cheating, stealing. >> this kind of fraud, this kind of corruption, is as old as time. >> reporter: bankman-fried became a billionaire at 30, hiring celebrities to hike his exchange, ftx. >> 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 aske
we turn now to the former king of crypto, sam bankman-fried. he will be in court for master minding a billion dollar fraud scheme. he's potentially facing decades behind bars. aaron katersky has been following this from the start. he is at the courthouse in downtown manhattan. good morning, aaron. >> reporter: good morning, rebecca. sam bankman-fried was convicted of orchestrating one of the biggest financial frauds in american history. he's about to find out how he will be punished for...
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the sentencing hearing is underway but we can expect judge kaplan to send a message to the crypto industry with this sentencing based on how it's going so far. ashley: it certainly seems that way. we will continue to follow it. thank you very much. meantime the mississippi secretary of state just filed a cease-and-desist order against black rock. he says they misled investors about their esg agenda. the secretary of state michael watson joins us this morning, great to have you here. how exactly did black rock mislead investors? >> great question. we've got a company with trillions of dollars in assets under management playing political games with mississippi's hard earned dollars, essentially black rock speaks out of both sides of the mouth, one day talking about return on investment and the next day holding the company hostage, pushing decarbonization efforts which at the end of the day what gets them in trouble in mississippi is mississippi investors deserve the facts about investments they are making on the front end, black rock didn't play by those rules which is why we order them to s
the sentencing hearing is underway but we can expect judge kaplan to send a message to the crypto industry with this sentencing based on how it's going so far. ashley: it certainly seems that way. we will continue to follow it. thank you very much. meantime the mississippi secretary of state just filed a cease-and-desist order against black rock. he says they misled investors about their esg agenda. the secretary of state michael watson joins us this morning, great to have you here. how exactly...
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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 backyard breeder and said, hey, there's something wrong with her. she's like, well, you know what? just put her in a trash can and dump her in the trash. i'll get you another one. >> animal protection serv
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...
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and sentencing day for the man once called the crypto king, sam bankman-fried prosecutor's asking for up to 50 years in present, defense attorneys asking for six any moment now a judge is expected to rule on his sentence and cnn exclusives revealing how much money was paid to drop the sexual assault lawsuit against a powerful leader? peter and the republican party, a settlement. all parties denied ever habit if you work in spaceflight, this is the worst possible thing that can ever happen >> my dad died doing what he loved space shuttle columbia. he final flight from your sunday, april 7 at nine and freeze dryness, breakage, new dove, ten and ones serum hair mask with peptide complex 40 hair bonds at a molecular level full helps reverse ten signs of damage in one minute, keep living real key, preparing >> and with ai, we can look at so much more than sales data see that predictive analytics. >> how long have you been doing this? >> as long as we've been with media, people who know know vdo it's so important to have that good night sleep because of injuries over the years, especially a
and sentencing day for the man once called the crypto king, sam bankman-fried prosecutor's asking for up to 50 years in present, defense attorneys asking for six any moment now a judge is expected to rule on his sentence and cnn exclusives revealing how much money was paid to drop the sexual assault lawsuit against a powerful leader? peter and the republican party, a settlement. all parties denied ever habit if you work in spaceflight, this is the worst possible thing that can ever happen...
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how much time the man once known as the king of crypto could face in prison following his conviction of financial fraud? >> and girl scouts scammed the investigation that caught the attention of the secret service and involves the famous cookies. >> these girl scouts are going to have to become like the lady at the safeway. just this requires a visual just holding up the 20 because now they do. >> you know, venmo card payments. i got mine online. they're going to ruin it for people who have cash. who use cash. me looking for cookies always. >> please don't scam these girls. and good morning on this thursday, march 28th. >> yes, we're going to tell you more about that story. we're going to start with a check of our forecast with drew. yeah. >> good morning. so we had some light rain last 12 hours. that front is now to the south of us that supplied us with that wet weather. you can see that on live doppler seven. behind the front we have some cooler air that has moved in here, an isolated shower along the coast. but for much of the day today, it's just a mix of sun and clouds. live. lo
how much time the man once known as the king of crypto could face in prison following his conviction of financial fraud? >> and girl scouts scammed the investigation that caught the attention of the secret service and involves the famous cookies. >> these girl scouts are going to have to become like the lady at the safeway. just this requires a visual just holding up the 20 because now they do. >> you know, venmo card payments. i got mine online. they're going to ruin it for...
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. >>> crypto king sam bankman-fried is sentenced today. >>> and then rain saturating the bay area overnight. what is ahead? meteorologist, kari hall, tracking your easter weekend forecast and when the bunny can get out there. this is "today in the bay." >>> hoping for breaks in the rain. good morning. thank you for joining us. i am laura garcia. >>> i am marcus washington. let's get to the forecast for you. looks like the easter bunny will have a poncho. >> yeah, and after yesterday evening's rain moved through, we will see a mix of sun and clouds today. there could be a spot shower or two popping up, but overall it will be drier. another system comes in tomorrow, and throughout the weekend there are chances of rain throughout the forecast, even on easter. as we get this thursday started, it's in the upper 40s in walnut creek and upper 50s elsewhere. we will talk about the weekend coming up. >>> mike, you are tracking that recovery for the south bay commute. >> yeah, talking about things clearing out. that's what is happening for northbound 101. the recovery is slower than you would expect
. >>> crypto king sam bankman-fried is sentenced today. >>> and then rain saturating the bay area overnight. what is ahead? meteorologist, kari hall, tracking your easter weekend forecast and when the bunny can get out there. this is "today in the bay." >>> hoping for breaks in the rain. good morning. thank you for joining us. i am laura garcia. >>> i am marcus washington. let's get to the forecast for you. looks like the easter bunny will have a...