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there is only regulatory uncertainty around the rest of crypto. and and i think a lot of people are disappointed by politicians in general on both sides who overpromise and underdeliver, all the while enriching themselves to the point of generational wealth while they opine how sad it is that we no longer have a middle class. and one of of the best things about bitcoin is it isen inherently apolitical. it removes the power that comes with manager able to manipulate money and print limitless unit withs, and it really unchains capital from the prison of politics. so no matter who gets elected, i think bitcoin going to shine. kelly: ewell, certainly, that's something that a we're going to be curious to see about the candidates as they come out. before i let you go, i wanted to bring up etherium. larry fink says that he doesn't think it would have much bearing on an etf, a spot etf ai improvement what do you think? >> look, when i entered the space, i was confused. why are people saying bitcoin is so different, and i experimented, and then i really le
there is only regulatory uncertainty around the rest of crypto. and and i think a lot of people are disappointed by politicians in general on both sides who overpromise and underdeliver, all the while enriching themselves to the point of generational wealth while they opine how sad it is that we no longer have a middle class. and one of of the best things about bitcoin is it isen inherently apolitical. it removes the power that comes with manager able to manipulate money and print limitless...
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Mar 29, 2024
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crypto is trading as it does 24/7 and it is making unusual moves. meantime it is my honor to bring kelly o'grady to this, kelly was all over the sam bankman-fried and you are putting up with crazy people walking around you and that's just your producer. a lot of people, couldn't understand this, were saying 25 years, he got off lightly. that still a lot of time. >> it is. he's 32 years old. there's a lot of factors that go into sentencing. the message it sends to society and to him but can he be rehabilitated. something that goes into revegetation's where he is going to spend his next 25 years. we took a little bit of a look into that. the judge suggested he be transferred to long-term facility as low or medium security facility and one of the big things they were focusing on in the defense argument was his diet. why looked at various prison standards standard menu, chickpea tacos, baked ziti, the judge recommended that he would serve that 25 years in the san francisco bay area. you can see those on-screen, low security gives you more flexibility to
crypto is trading as it does 24/7 and it is making unusual moves. meantime it is my honor to bring kelly o'grady to this, kelly was all over the sam bankman-fried and you are putting up with crazy people walking around you and that's just your producer. a lot of people, couldn't understand this, were saying 25 years, he got off lightly. that still a lot of time. >> it is. he's 32 years old. there's a lot of factors that go into sentencing. the message it sends to society and to him but...
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Mar 29, 2024
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do the crypto markets care? have we beyond sbf? >> indeed, ashley. almost reminds me back in 2004 when it was -- excuse me, in 2014 when it was mount gox was the crypto blowup of the ere arrowhead and it survive that had and it'll survive sbf. it was new technology but very old time fraud. very traditional old fraud and justice was served. whether you want to buy crypto or not, ashley, it's a different story. only 2% of the people that own crypto use it as a currency but sbf, justice is served and new technology and old fraud to the whose house he goes. ashley: very quickly. it's been a pretty darn good first quarter and s&p gaining 10% and nasdaq 9 and dow 5.5 and new quarter begins monday. can we keep this no mentum? >> i think it's in new areas of the market, ashley. i'm looking at areas like natural gas for example, scg isen etf i like that's off the radar screen play. the big tech names that have led the market for the last five years and look, international paper at a new 52 week high. jp morgan, banks are doing very well. stocks can continue w
do the crypto markets care? have we beyond sbf? >> indeed, ashley. almost reminds me back in 2004 when it was -- excuse me, in 2014 when it was mount gox was the crypto blowup of the ere arrowhead and it survive that had and it'll survive sbf. it was new technology but very old time fraud. very traditional old fraud and justice was served. whether you want to buy crypto or not, ashley, it's a different story. only 2% of the people that own crypto use it as a currency but sbf, justice is...
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Mar 29, 2024
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what happens to the money and crypto crook sam bankman-fried. he will serve a lengthy 25 year prison sentence for orchestrating one of the largest financial frauds in history. all the investors will be made home. kelly o'grady is watching the story like a hawk all week. good morning. >> good morning. we're expecting his legal team to mount an appeal next. sbf will find out why he serves the sentence. a low or medium security. dorm-style beds. white collar criminals. medium sleep on a steal bed and share a cell with violent criminals. inmates can enjoy racquetball and learn to crochet. victorville another medium option. he can paint a mural. he is vegan and look to keep that diet. i checked out the bureau of prisons everything from tofu and soy taco saaliad. those activities might sound fun. not a walk in the park. inmate deaths, epa violations. not as bad as a jail he spent a few days in in another country. >> dana: i go to the pilates place. i don't like this idea of the soy taco bowl but pilates was very interesting. i don't play foose ball or
what happens to the money and crypto crook sam bankman-fried. he will serve a lengthy 25 year prison sentence for orchestrating one of the largest financial frauds in history. all the investors will be made home. kelly o'grady is watching the story like a hawk all week. good morning. >> good morning. we're expecting his legal team to mount an appeal next. sbf will find out why he serves the sentence. a low or medium security. dorm-style beds. white collar criminals. medium sleep on a...
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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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accused the co-founder of ftx of defrauding investors and customers of more than $11 billion, before the crypto exchange collapsed. >> he will still, for the majority of his life, or for the remainder of his life, be working to pay back or to pay this essentially, this fine, which severely limits his ability to do bad in the future, as was one of the judge's big concern. >> the judge strongly admonished bankman-fried, but the sentence was less than a quarter of the maximum for his convictions. the 25 year sentence could be reduced with good behavior when dealing with a quarter century at great taxpayer expense. >> it gets in the way of what people should be most concerned about victims. he should be working and paying that money back. >> bankman-fried's parents attended the sentencing, both taught at stanford. his mother asked the judge for leniency. bankman-fried could be sent to a minimum security prison here in california. >> our time now. 736. the biggest crane on the eastern seaboard just arrived by barge in baltimore to help remove the wreckage from that deadly bridge collapse. we're look
accused the co-founder of ftx of defrauding investors and customers of more than $11 billion, before the crypto exchange collapsed. >> he will still, for the majority of his life, or for the remainder of his life, be working to pay back or to pay this essentially, this fine, which severely limits his ability to do bad in the future, as was one of the judge's big concern. >> the judge strongly admonished bankman-fried, but the sentence was less than a quarter of the maximum for his...
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kelly, what's next for the former crypto king? >> reporter: so is,ing ashley, his legal team will mount an appeal, but sbf is also a set to find out what his long-term dig cans look like. the judge recommended bankman-fried serve his sentence at a low or medium security fit. anything above 20 years requires one of those medium ficialghts but the bureau of prisons will ultimately decide which one. the. judge lambasted sbf yesterday as a scammer though he urged the bop to take into account his autism when determining the facility. cap lain also a recommended it be with in the bay area so his parents can visit more easily. you've got low security which affords more dormitory-style beds, or your white collar criminals, a medium would see sbf sleeping on steel beds with violent criminals as potential cell meats. -- cell mates. a web site shares inmates can enjoy foosball, act debtball with, tech learn to croce. victorville is a another option, he can even paint if a mural. and, of course, he's also going to look to keep his vegan diet
kelly, what's next for the former crypto king? >> reporter: so is,ing ashley, his legal team will mount an appeal, but sbf is also a set to find out what his long-term dig cans look like. the judge recommended bankman-fried serve his sentence at a low or medium security fit. anything above 20 years requires one of those medium ficialghts but the bureau of prisons will ultimately decide which one. the. judge lambasted sbf yesterday as a scammer though he urged the bop to take into account...
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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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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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. >>> 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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e crypto industry. "morning joe" is coming right back. e crypto industry. "morning joe" is coming right back ♪ ♪ ♪ ♪ ♪ ♪ give into the rhythm of the islands and delight in a caribbean state of mind. visit sandals.com or call 1-800 sandals. shop etsy until april 15th and get up to 30% off thoughtful pieces in a made by real peopleind. to brighten your home. get extraordinary items that complement your style and help bring your vision to life. order until april 15th for up to 30% off lighting, furniture, gifts and more. when you need 'just the thing' to make your space feel like new... etsy has it. my moderate to severe plaque psoriasis held me back... now with skyrizi, i'm all in with clearer skin. ♪ things are getting clearer...♪ ( ♪♪ ) ♪ i feel free... ♪ ♪ to bear my skin, yeah that's all me. ♪ ♪ nothing is everything ♪ ( ♪♪) with skyrizi, 3 out of 4 people achieved 90% clearer skin at 4 months. and most people were clearer even at 5 years. skyrizi is just 4 doses a
e crypto industry. "morning joe" is coming right back. e crypto industry. "morning joe" is coming right back ♪ ♪ ♪ ♪ ♪ ♪ give into the rhythm of the islands and delight in a caribbean state of mind. visit sandals.com or call 1-800 sandals. shop etsy until april 15th and get up to 30% off thoughtful pieces in a made by real peopleind. to brighten your home. get extraordinary items that complement your style and help bring your vision to life. order until april...
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the former crypto ceo must pay $11 billion for his role in the collapse of the digital trading platform. the judge labeling him as a power obsessed scammer. meanwhile, ftx is reportedly planning to sell bankman-fried's bahamas real estate holdings worth estimated $22 million a texas attorney general ken paxton now opening an investigation into one of boeing's parts suppliers after a series of mishaps on recent flights, including mid-air blow out on an alaska airlines flight. spirit arrow system produces the fuselages for boeing 737 jets and packsston saying, quote: the potential risks associated with certain airplane models are deeply concerning and potentially life-threatening to texans. i would hold any company responsible if they fail to maintain the standards required by the law. the average full-time working american can't afford to buy a basic home. that's according to new data from the real estate company redfin. first time buyers must now earn at least $76,000 a year to afford a house. four years ago only needed to earn less than $41,000. the average full-time worker only earns
the former crypto ceo must pay $11 billion for his role in the collapse of the digital trading platform. the judge labeling him as a power obsessed scammer. meanwhile, ftx is reportedly planning to sell bankman-fried's bahamas real estate holdings worth estimated $22 million a texas attorney general ken paxton now opening an investigation into one of boeing's parts suppliers after a series of mishaps on recent flights, including mid-air blow out on an alaska airlines flight. spirit arrow system...
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Mar 29, 2024
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and we will see you need to, of course, and the former crypto currency, tyco and sign some bank when trade has been sent into 25 years in prison for his role in what's been described as one of the largest financial fonts in history. the 32 year old was found guilty of defrauding customers out of millions of dollars. he was convicted on all accounts after a month long trial in november. and finally, some eye catching pictures from iceland of 2 of nature's most spectacular events. at the same time, any rocketing volcano and the northern lights for eruptions and as many months right in the nearby fishing town of brenda, bake the fellows of lava are now being seen against the backdrop of the aurora while creating destruction fly. fondest of you is spectacular. and something else and that is it for me for you back to the boat to stay with us on down to 0. so rahman has more of the days tops. oh, he's coming up after the show for the as the well plunged into a climate disaster. we are in the planetary class. this year. a new a punch series exposes the reality of the global emergency. there
and we will see you need to, of course, and the former crypto currency, tyco and sign some bank when trade has been sent into 25 years in prison for his role in what's been described as one of the largest financial fonts in history. the 32 year old was found guilty of defrauding customers out of millions of dollars. he was convicted on all accounts after a month long trial in november. and finally, some eye catching pictures from iceland of 2 of nature's most spectacular events. at the same...
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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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. ♪ ♪ [cheers and applause] let's begin with the breaking news: sam bankman-fried, disgraced crypto mogul and man who got bitten by a radioactive pube, has been sentenced to 25 years in prison for all his crypto scams. [cheers and applause] hopefully this saga has taught people not to fall for the easy money scam that is bitcoin. >> bitcoin on fire, touching another all-time high yesterday. >> bitcoin hits another record. the world's largest cryptocurrency surged above $72,000 today, a new all time high. >> jordan: buy bitcoin. use kid's college tuition account. sure thing. yeah, not a problem. speaking of money, let's move on to one of the foundational principles of american democracy: money. the green was out today when president joe biden made history with the biggest one-day cash grab of all-time. >> the biden campaign just announced that its blinged out fundraiser in new york tonight has already raised $25 million. the event will feature former presidents barack obama and bill clinton in a huge list of others. >> they will be assembling more than 5,000 supporters at radio city music
. ♪ ♪ [cheers and applause] let's begin with the breaking news: sam bankman-fried, disgraced crypto mogul and man who got bitten by a radioactive pube, has been sentenced to 25 years in prison for all his crypto scams. [cheers and applause] hopefully this saga has taught people not to fall for the easy money scam that is bitcoin. >> bitcoin on fire, touching another all-time high yesterday. >> bitcoin hits another record. the world's largest cryptocurrency surged above $72,000...
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Mar 29, 2024
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i don't know what that says about the elite, but it sounds worse than crypto. kelly, thank you so much. georgia and the trump team bac ghting tt elk with inner election interferencl by a fani willis dropped. it is unconstitutional to accuso the president of theri united states, former president or anyone else to stand trial on protected speecher a. >> it is not that he just laid over and over and over again but each of those was employed as part of criminal activity with j criminal intentions.oi >> will: joining me sol wisenberg former deputy independent counselor and fox news contributor and localoa clerk for justice for search and article 3 project.rgum so mike, we heard the argumentsn to date in front of the judgent hear the defense made the argument as protected first amendmenargut political speech. the prosecution is making the argument that it is part of conspiracy, criminal conspiracy. it seems to me that came down to the ability to prove knowing or intent that whatever was said, the speaker in this casese f donald trump and fellow defendants knew what t
i don't know what that says about the elite, but it sounds worse than crypto. kelly, thank you so much. georgia and the trump team bac ghting tt elk with inner election interferencl by a fani willis dropped. it is unconstitutional to accuso the president of theri united states, former president or anyone else to stand trial on protected speecher a. >> it is not that he just laid over and over and over again but each of those was employed as part of criminal activity with j criminal...
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way to buy and sell crypto. it's the best way to get the game, but he went on to steal $8000000000.00 from f t x to cover losses. that is hedge fund, leading to the exchanges collapse in 2022 and his own fall from grace. judge louis kaplan sentenced him to 25 years, saying he knew it was wrong. he knew it was criminal. he regrets he made a very bad bet about the likelihood of getting caught. but he is not going to admit a thing. as his right, prosecutors had called for an even longer sentence reading from the more than $200.00 letters of former f t x customers all around the world who lost money. in some cases, their live savings, i romantically his conviction and the collaborative f t. x pointed out the need for some kind of framework because, you know, if this was a regulated entity, there would be ordered financials, there would be transparency to government regulators. there would be regular examinations by government regulators and exam staff. they would have uncovered the kinds of issues and the kinds of m
way to buy and sell crypto. it's the best way to get the game, but he went on to steal $8000000000.00 from f t x to cover losses. that is hedge fund, leading to the exchanges collapse in 2022 and his own fall from grace. judge louis kaplan sentenced him to 25 years, saying he knew it was wrong. he knew it was criminal. he regrets he made a very bad bet about the likelihood of getting caught. but he is not going to admit a thing. as his right, prosecutors had called for an even longer sentence...
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Mar 29, 2024
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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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Mar 29, 2024
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so he was the circle, king of crypto come and see, but now he's been convicted of one of the biggest financial fluids in history. some bunk winfree, founder of the f t x. crypto exchange is of 25 years in prison for stealing billions of dollars from customers. question somebody has a story from the of wearing a prison uniform and facing the possibility he could spend the rest of his life behind bars, sam, bagman fried knowledge, she made a series of bad decisions and apologized for letting his colleagues down the 32 year old former billionaire, better known by his initials, s b f, started his crypto currency exchange f t x with college friends, and appeared an ads with celebrities promoting crypto currencies as safe to act as a safe, as an easiest way to buy and sell crypto is the best way to get the game, but he went on to steal $8000000000.00 from f t x to cover losses. that is, hedge fund, leading to the exchange has collapsed in 2022 and his own fall from grace. judge louis kaplan sentenced him to 25 years, saying he knew it was wrong. he knew it was criminal. he regrets he made
so he was the circle, king of crypto come and see, but now he's been convicted of one of the biggest financial fluids in history. some bunk winfree, founder of the f t x. crypto exchange is of 25 years in prison for stealing billions of dollars from customers. question somebody has a story from the of wearing a prison uniform and facing the possibility he could spend the rest of his life behind bars, sam, bagman fried knowledge, she made a series of bad decisions and apologized for letting his...
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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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Mar 29, 2024
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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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Mar 29, 2024
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nah disgraced crypto king sentenced to 25 years in prison after being found guilty for his role in the collapse of ftx after the -- his rambling attempt at an apology today in court, a judge ripped the fallen mogul as a remorseless scammer obsessed with power, saying he knew it was criminal, he regrets that he made a very bad bet about the likelihood of being caught. the biden administration says it stopping the release of a title ix rule allowed... until after the election. source telling the washington post the white house is holding up because it seems to be too much of a hot topic. former president trump has vowed to ban athletes who identify as transgender from competing outside of their biological sex. >>> small businesses in california are facing twin threats of crime and the state government that is consistently making it harder for them to stay in business. let's bring in a restaurant owner... along with the owner of no hope of printing and graphics. a 30-year-old business destroyed by crime and a swat raid. it is carlos pain you, thank you for coming on, we appreciate it. we
nah disgraced crypto king sentenced to 25 years in prison after being found guilty for his role in the collapse of ftx after the -- his rambling attempt at an apology today in court, a judge ripped the fallen mogul as a remorseless scammer obsessed with power, saying he knew it was criminal, he regrets that he made a very bad bet about the likelihood of being caught. the biden administration says it stopping the release of a title ix rule allowed... until after the election. source telling the...
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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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Mar 29, 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 helped 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 lying and couldn't 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 califor
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 helped people around the world. the prosecutors took exception to...
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Mar 29, 2024
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and it became really popular as the crypto industry grew and grew. and then in november, 2022 there was essentially a run on a bank, and that exposed a big age billion dollars -- $8 billion hole in the money that ftx was supposed to be holding on behalf of its customers. and that kind of kick started this series of events that kind of brought the whole edifice crashing down. william: and so those people who had quote unquote bank their money in his exchanges, they lost all the money. those are the victims in this case. >> those are sort of one subset of the victims. they're probably the largest subset. um, but the other victims, including, you know venture capital investors, who put in more than a billion dollars into ftx and also lenders who gave money to companies in bankman fried's empire. william: so the $11 billion that he's been ordered to pay. who is that? or where is that supposed to go? >> um, that's actually going to the u.s. government. that's not restitution. that's going to victims. but really that number is kind of academic because bank
and it became really popular as the crypto industry grew and grew. and then in november, 2022 there was essentially a run on a bank, and that exposed a big age billion dollars -- $8 billion hole in the money that ftx was supposed to be holding on behalf of its customers. and that kind of kick started this series of events that kind of brought the whole edifice crashing down. william: and so those people who had quote unquote bank their money in his exchanges, they lost all the money. those are...
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Mar 29, 2024
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their statements, the kremlin, started the attack, us would receive significant amounts of cash and crypto currency from ukraine. cape has denied having anything to do. the attack is all the headlines were returned to witness praying again of the price range. i do pray that you would wake up your church life and there's also some of the words of this prophecy. and indeed what a certain minute for the hour fulfillment is mere jesus the of the texas. because this is really the heartland of the christian scientists movement, many of the political leaders and the, the logical christian leaders who are really the tip of the spear in terms of pushing the us, which are alliance. pushing the kind of in times the ology. they're right here in texas, this is their power base. our colleagues talk to you about talking to filtering the property that we're not gonna have and tiny. this is the great state of texas. got to go and tie what y'all anti israel or whatever. we're not doing anything like that. i'm not anti anything today. so you got you're reporting us to the f b i worked for one to serve. you g
their statements, the kremlin, started the attack, us would receive significant amounts of cash and crypto currency from ukraine. cape has denied having anything to do. the attack is all the headlines were returned to witness praying again of the price range. i do pray that you would wake up your church life and there's also some of the words of this prophecy. and indeed what a certain minute for the hour fulfillment is mere jesus the of the texas. because this is really the heartland of the...
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Mar 29, 2024
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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 28, 2024
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disposal confirmed data that the perpetrator of the terrorist attack received significant amounts of crypto funds. currencies from ukraine that were used in preparing the crime. another suspect has been identified and detained. he was involved in the scheme terrorist financing. the investigation will petition the court to impose a preventive measure against him in the form of detention. the official chairman of the investigative committee of russia is svetlana petrenko. at the same time, kirvy and other americans say: “we have given comprehensive information, as the new york times writes.” nothing of the kind, they were afraid to reveal their sources, but not a russian official at all, but objectively, i think dmitry will confirm, a very respected expert, jeffrey sachs, with colossal international experience, which is not without irony he told me that now victoria will be his colleague, they will work at the same university, he said, well, it’s probably better, well, at least that’s it, the main thing is that it’s not in the state department, these are his thoughts on the matter.
disposal confirmed data that the perpetrator of the terrorist attack received significant amounts of crypto funds. currencies from ukraine that were used in preparing the crime. another suspect has been identified and detained. he was involved in the scheme terrorist financing. the investigation will petition the court to impose a preventive measure against him in the form of detention. the official chairman of the investigative committee of russia is svetlana petrenko. at the same time, kirvy...
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the have choices of las vegas terrorist attacks in moscow received a significant amount of money on crypto currency from ukrainian nationalist, which was used in preparing to commit to meet atrocity as a going through the bushes investigates, the committee standing on the chum, ukraine's 4 minutes to arrives in india and having previously loved busted the country for his insides with russia. the says it's time keeps hold peaceful to the moscow. we took the position from the stock lot funded get a solution to this conflict on the back on the west and representative once again the locker versus requests for the un security council debates on the 25th anniversary of nato's.
the have choices of las vegas terrorist attacks in moscow received a significant amount of money on crypto currency from ukrainian nationalist, which was used in preparing to commit to meet atrocity as a going through the bushes investigates, the committee standing on the chum, ukraine's 4 minutes to arrives in india and having previously loved busted the country for his insides with russia. the says it's time keeps hold peaceful to the moscow. we took the position from the stock lot funded get...
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Mar 28, 2024
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now the former crypto courtesy taco and some bank winfree. it has been sentenced of 25 years in prison for his relative was been described as one of the largest financial fluids in history. $32.00 roles was found guilty of the folding customers out billions of dollars as a founder of f. the x crypto exchange is convict to the old town soft a month ago. i'm trying to move in. but for sicily me has moved from new york a wearing a prison uniform and facing the possibility he could spend the rest of his life behind bars. sam, bagman fried knowledge, she made a series of bad decisions and apologized for letting his colleagues down the 32 year old former billionaire, better known by his initials, s b s. started his crypto currency exchange f t x with college funds and appeared and ads with celebrities promoting crypto currencies as safe to act as the safest and easiest way to buy and sell. crypto is the best way to get in the game. but he went on to steal $8000000000.00 from f t x to cover losses that his hedge fund leading to the exchange has coll
now the former crypto courtesy taco and some bank winfree. it has been sentenced of 25 years in prison for his relative was been described as one of the largest financial fluids in history. $32.00 roles was found guilty of the folding customers out billions of dollars as a founder of f. the x crypto exchange is convict to the old town soft a month ago. i'm trying to move in. but for sicily me has moved from new york a wearing a prison uniform and facing the possibility he could spend the rest...
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Mar 28, 2024
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so 25 years, that is the penalty for the former crypto king. the defense tried to argue that sam bankman-fried diet and lack of social skills warranted lesser prison time. that fell on deaf ears. it will be served in san francisco. i want to share a statement from damian williams on the news today. he said quote his deliberate and ongoing lies demonstrated brazen disregard for representation and disrespect for the rule of law use his customers' money to expand his own power and influence. the judge really zeroed in on that power and influence point today hammering how he used customer money on political donations he pointed to it as a reason he didn't believe sbf good boy crypto act. there was a lot of focus on harm. the defense argued there is none given customers are expected to get all their money back through the bankruptcy process he rejected that he held him responsible for 8 billion in customer losses and another 3 billion for investors and lenders. i will note new york law is bawl intent here not actual law. we heard from sbf. he said h
so 25 years, that is the penalty for the former crypto king. the defense tried to argue that sam bankman-fried diet and lack of social skills warranted lesser prison time. that fell on deaf ears. it will be served in san francisco. i want to share a statement from damian williams on the news today. he said quote his deliberate and ongoing lies demonstrated brazen disregard for representation and disrespect for the rule of law use his customers' money to expand his own power and influence. the...
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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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Mar 28, 2024
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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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Mar 28, 2024
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. >> the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by miss appropriating the money to cover his own expenses, which include purchasing luxury properties in the caribbean. so divers are trying now to recover the remains of the 4 construction workers after a bridge collapsed in baltimore. so far 2 victims have been recovered from the river. the men were repairing potholes on the francis scott key bridge early tuesday morning when it collapsed, a container ship lost power and crashed into a column holding the bridge. it's still not clear why it lost power. the national transportation safety board says the ship was carrying 56 containers of hazardous materials. >> some of the hazmat containers were breached. we have seen a sheer are seen sorry sheen on waterway, the federal state and local authorities are aware of that and they be i
. >> the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by miss appropriating the money to cover his own expenses, which include purchasing luxury properties in the caribbean. so divers are trying now to recover the remains of the 4 construction workers after...
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Mar 28, 2024
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the judge underscored power and influence, he used it as a reason he didn't believe crypto act, he said it was a lie and a new what he was doing with the customer money. york law, it's all about intent so sam bankman-fried will serve 25 year sentence in a medium security prison that is the recommendation as of now. he's required to pay $11 billion back and restitution. it's more of a formality than anything because he's broke but probably the most shocking thing, he used monotone, the words may be showed remorse but the delivery didn't. when he received his sentence, he didn't look up or looked at his parents, he walked out with his hands behind his back even though he wasn't cuffed, erie as if on instinct. the legal team will file an appeal, 25 years, i know that may not seemed like a lot when the maxwells 110 but for somebody who's 32 for the sentence to come down at 25, that's going to be hard to overturn. liz: always great realism from you, we appreciate your. joining us now, president of the american form, douglas, it's good to have you on. we are talking about the tale of two pres
the judge underscored power and influence, he used it as a reason he didn't believe crypto act, he said it was a lie and a new what he was doing with the customer money. york law, it's all about intent so sam bankman-fried will serve 25 year sentence in a medium security prison that is the recommendation as of now. he's required to pay $11 billion back and restitution. it's more of a formality than anything because he's broke but probably the most shocking thing, he used monotone, the words may...
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Mar 28, 2024
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the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when the exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by ms appropriating the money to cover his expenses, which included purchasing luxury properties in the caribbean. the judge did say he would advise the federal bureau of prisons to sent him to a medium security prison or last near the san francisco bay area. because he's unlikely to be a physical threat to other inmates or prison staff and his autism and social awkwardness would make him vulnerable to other inmates in a high security location. we're taking a look outside. nice wide look here at san francisco right now, enjoying some sun today. a little rain yesterday break today. morris coming tomorrow. coast letting us know what's happened. i think you just said the weather. do you need me? >> we actually do still have some showers out there right now. but yes, more will be ex
the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when the exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by ms appropriating the money to cover his expenses, which included purchasing luxury properties in the caribbean. the judge did say he would advise the federal bureau of prisons to sent him to a medium security...
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Mar 28, 2024
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. >>> the crypto king is going to jail for at least 25 years. getting the news today at their a lot of legals around this but the bottom line is bitcoin more than costing him coin after this. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. this is terry's look of total relaxation. and this is his john deere x350 lawn tractor. it does more than just cut grass. ♪ it delivers peace of mind, all year round. ♪ you just have to get in the seat. [ ♪♪ ] >> alright take a look at this this is downtown manhattan outside radio city music hall. the home
. >>> the crypto king is going to jail for at least 25 years. getting the news today at their a lot of legals around this but the bottom line is bitcoin more than costing him coin after this. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give...
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Mar 28, 2024
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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...