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i couldn't eat, sleep. >> reporter: this man lost $2 million when ftx imploded. he's still waiting to get that money back. >> i think it goes some way, some closure, but i don't think it fully reflects the financial and emotional toll on customers. >> and our thanks to kate for that report. >>> still to come, beyonce does dolly, and a brand-new take on a country music staple. right after this. sic staple. right after this. try the swiffer powermop. ♪♪ an all-in-one cleaning tool that gives you a mop and bucket clean in half the time ♪♪ our cleaning pad has hundreds of scrubbing strips that absorb and lock dirt away, ♪♪ and it has a 360-degree swivel head that goes places a regular mop just can't. so, you can clean your home, faster than ever. ♪♪ don't mop harder, mop smarter, with the swiffer powermop. can an oven roasted turkey breast don't mop harder, pack so much succulent flavor, that the mere glimpse of it induces turkey sandwich daydreams? if it's hillshire farm, oh, hill yeah.™ it ain't my dad's razor, dad. ay watch it! it's from gillette
i couldn't eat, sleep. >> reporter: this man lost $2 million when ftx imploded. he's still waiting to get that money back. >> i think it goes some way, some closure, but i don't think it fully reflects the financial and emotional toll on customers. >> and our thanks to kate for that report. >>> still to come, beyonce does dolly, and a brand-new take on a country music staple. right after this. sic staple. right after this. try the swiffer powermop. ♪♪ an...
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how long sam bankman-fried will spend behind bars for his role in defrauding ftx investors. >>>
how long sam bankman-fried will spend behind bars for his role in defrauding ftx investors. >>>
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i was the ceo of ftx." he said, "i was responsible." the judge admonishing bankman-fried, saying, "there is a risk that this man will be in position to do something very bad in the future." and adding, in his 30 years, he's never seen a performance like bankman-fried's trial testimony, saying, "when he wasn't outright lying, he was evasive." >> how you feeling today? >> no comment. >> reporter: bankman-fried's parents solemn outside the courthouse, saying in a statement they "are heartbroken and will continue to fight for our son." bankman-fried's lawyers say they plan to appeal. >> it was really, really difficult. i mean, i couldn't eat, sleep. >> reporter: this man lost $2 million when ftx imploded. today, he says he's still waiting to get that money back. >> i think that it goes some way, some closure, but i don't think it fully reflects the financial and emotional toll on customers. >> kate, when ftx collapsed, there were real questions about crypto's future. how is it faring now? >> reporter: at the time, lester, sam bankman-fried'
i was the ceo of ftx." he said, "i was responsible." the judge admonishing bankman-fried, saying, "there is a risk that this man will be in position to do something very bad in the future." and adding, in his 30 years, he's never seen a performance like bankman-fried's trial testimony, saying, "when he wasn't outright lying, he was evasive." >> how you feeling today? >> no comment. >> reporter: bankman-fried's parents solemn outside the...
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. >>> ftx founder sam bank man fried will spend 25 years in prison. in november, a jury found him guilty on several criminal charges. prosecutors said he robbed ftx customers of billions of dollars to make risky bets. he's previously said he plans to appeal the connection, but he did apologize in court today, saying he made selfish decisions. no word yet on where bankman-fried will serve his sentence. >>> the california attorney general's office is suspending its criminal investigation into the former windsor mayor. he resigned as windsor's mayor back in 2021, six weeks after more than a dozen women accused him of sexually assaulting them. today, a spokesperson for the attorney general released a statement to the sf chronicle and says investigators do not have enough evidence to file charges. but the investigation remains open and they encourage any potential witnesses to come forward. he has denied all accusations. >>> bart says it plans to have more officers patrolling trains. arrests increased 62% last year compared to 2022. bart officers logged 72
. >>> ftx founder sam bank man fried will spend 25 years in prison. in november, a jury found him guilty on several criminal charges. prosecutors said he robbed ftx customers of billions of dollars to make risky bets. he's previously said he plans to appeal the connection, but he did apologize in court today, saying he made selfish decisions. no word yet on where bankman-fried will serve his sentence. >>> the california attorney general's office is suspending its criminal...
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bankman-fried was sentenced to 25 years in prison for his role in the collapse of his crypto company, ftx. it's even worse news for his cellmate, he's stuck for 25 years with a guy who loves talking about crypto. [ laughter ] "it's protected by a block chain, and they'll never get in the block chain because --" [ light laughter ] "can you give me a shiv? not -- it's for me." "it's safer than you think." [ light laughter ] guys, new york just became the first u.s. city to approve congestion pricing. [ booing ] which means cars that drive into midtown manhattan will have to pay an extra $15. a $15 toll. and that's not all, the city announced some other new tolls too. check these out. you'll have to pay $15 if you -- make eye contact with someone on the subway for more than three seconds. [ laughter and applause ] they'll also charge you $15 if you -- say "this is just like 'sex and the city' when all you're doing is eating brunch." [ laughter ] no, no, it's not. barely. we're just eating. yeah, and finally it's $15 if you -- block the whole sidewalk 'cause you're a family of tourists linkin
bankman-fried was sentenced to 25 years in prison for his role in the collapse of his crypto company, ftx. it's even worse news for his cellmate, he's stuck for 25 years with a guy who loves talking about crypto. [ laughter ] "it's protected by a block chain, and they'll never get in the block chain because --" [ light laughter ] "can you give me a shiv? not -- it's for me." "it's safer than you think." [ light laughter ] guys, new york just became the first u.s....
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. >>> sentencing day for troubled ftx owner, sam bankman-fried. he will spend 25 years in prison for his part in bringing down the cryptocurrency exchange. he rubbed customers of as much is $8 million to make risky bets. he previously signaled he plans to appeal the conviction but he did apologize in court today, saying he made quote, selfish decisions that haunt him every day. no word yet on where he will serve his sentence. meantime, his parents, both longtime stanford professors, are battling a lawsuit from his old company. ftx sued the parents to clawback funds to repay its customers as the company goes through bankruptcy. sam bankman-fried's parents are accused of getting rich off the company, receiving $26 million in gifts and property. as far as what is left of ftx, nobodies or investors were willing to put up enough money to rebuild the exchange so they plan to liquidate. the company is planning to get customers there running -- money back and has already collected $7 billion. so far, the process is slow going, as ftx needs to verify which
. >>> sentencing day for troubled ftx owner, sam bankman-fried. he will spend 25 years in prison for his part in bringing down the cryptocurrency exchange. he rubbed customers of as much is $8 million to make risky bets. he previously signaled he plans to appeal the conviction but he did apologize in court today, saying he made quote, selfish decisions that haunt him every day. no word yet on where he will serve his sentence. meantime, his parents, both longtime stanford professors,...
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. >>> sentencing day for convicted ftx founder sam bankman-fried. he will spend 25 years in prison for the fraud that brought down his cryptocurrency exchange. his parents, both longtime stanford law professors, were at this courthouse for sentencing. the jury found sam bankman- fried guilty on several counts and prosecutors say he robbed customers of his much is $8 million to make risky bets. he previously signaled he plans to appeal the conviction but did apologize in court today, saying he made selfish decisions that haunt him every day. no word yet on where he will serve his sentence. >>> a lot of questions tonight about why that cargo ship lost power and hit baltimore's cambridge, and while investigators are looking for answers, transportation leaders are looking to get cargo moving out in a not -- the part of -- port of baltimore. more on the economic impact of this horrible tragedy. >> reporter: the impact that struck the heart of baltimore. now rippling across the country as americans grieve the six lives lost. >> to all the families, we are
. >>> sentencing day for convicted ftx founder sam bankman-fried. he will spend 25 years in prison for the fraud that brought down his cryptocurrency exchange. his parents, both longtime stanford law professors, were at this courthouse for sentencing. the jury found sam bankman- fried guilty on several counts and prosecutors say he robbed customers of his much is $8 million to make risky bets. he previously signaled he plans to appeal the conviction but did apologize in court today,...
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the 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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billion in customer funds that he loss as a result of the spectacular collapse of that crypto exchange, ftx. now, when it comes to just the overall recap here, we have to rewind to about four months ago, when sbf was found guilty of seven charges including fraud and conspiracy. the prosecutors are arguing he should get 40 to 50 years in prison as a result of this. they are citing the tens of thousands of victims that were part of this collapse and they also said in a statement, quote, he stole money from customers who entrusted it to him. he lied to investors. he pumped millions of dollars political donations to our system and he bribed officials. his attorneys are asking he's deep down inside a good person, he has mental health issues. where does the judge lie in that? we'll find out later on this morning. >> what about the victims? you mentioned tens of thousands who lost their money? any hope that they'll get it back? >> ftx collapsed in 2022, and there's an administrator trying to figure out whether or not they can recuperate the money customers lost in that fund. for what it's worth, c
billion in customer funds that he loss as a result of the spectacular collapse of that crypto exchange, ftx. now, when it comes to just the overall recap here, we have to rewind to about four months ago, when sbf was found guilty of seven charges including fraud and conspiracy. the prosecutors are arguing he should get 40 to 50 years in prison as a result of this. they are citing the tens of thousands of victims that were part of this collapse and they also said in a statement, quote, he stole...
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sam bankman-fried went to penthouse to jail cell after the collapse of ftx. >> there are two narratives we are talking about, one that sbf, as he is known, is that he was a criminal mastermind, and the other is that he was a kid over his head. >> yeah, and i think you can guess which theory belongs to the prosecution and which belongs to the defense. the defense says he was a kid that mismanaged money and he was also a victim of the collapse, and they are using his autism as a defense. prosecutors want 50 years, and the defense is asking for 6 1/2. the thing that doesn't help him, he took the stand in his own defense during his trial and it was a disaster. the judge said he showed little if any remorse, which is why his attorneys are trying to differentiate their client from others, and bernie madoff died in prison, and he was sentenced to 150 years. bankman-fried's potential sentence could be this high, and even prosecutors are not asking for that. other comparisons, this is bernie everies, and he got 25 years, and elizabeth holmes got 11. we should know by noon today how long he will
sam bankman-fried went to penthouse to jail cell after the collapse of ftx. >> there are two narratives we are talking about, one that sbf, as he is known, is that he was a criminal mastermind, and the other is that he was a kid over his head. >> yeah, and i think you can guess which theory belongs to the prosecution and which belongs to the defense. the defense says he was a kid that mismanaged money and he was also a victim of the collapse, and they are using his autism as a...
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. >>> the former teen of cryptocurrency will learn his fate after the collapse of his exchange, ftx. >> scott, there are two narratives here, one that sam bankman-fried was a criminal mastermind, and the other is that he was a kid in over his head? >> that's right. you can guess which one belongs to the prosecution and which one to the defense. bankman-fried looking at decades in prison, and the defense is trying to reinforce the idea that he didn't steal anybody's money, that he just mismanaged it and he was also a victim of the collapse of the cryptocurrency. the thing that did not help him, he took the stand in his own defense and it was a disaster. the judge is aware sbf shows little, if any, bankman-fried's potential sentence could be very high. and scammer, elizabeth holmes got 11. bankman-fried's sentencing hearing begins shortly and expected to last several hours. we should know today how long he will be behind bars, laura. >> it will be interesting to see. thank you very much. >>> now to decision 2024. the race for the runoff election to fill donna eshoo's seat. the county c
. >>> the former teen of cryptocurrency will learn his fate after the collapse of his exchange, ftx. >> scott, there are two narratives here, one that sam bankman-fried was a criminal mastermind, and the other is that he was a kid in over his head? >> that's right. you can guess which one belongs to the prosecution and which one to the defense. bankman-fried looking at decades in prison, and the defense is trying to reinforce the idea that he didn't steal anybody's money,...
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now the collapse of ftx sent ripples through the crypto world, sending bitcoin prices down. and companies going bank run. several executives testified that sbf misprappropriated thos funds. and also generating some false financial statements. they all pleaded guilty, the former executives to similar charges. they are expected to be sentenced in the coming months. sbf is expected to go to prison. the question is for how long. prosecutors are requesting 40 to 50 years when his defenders are requesting five to seven years. >> more than 700 tons of -- >> still to come to come, ml,ml day. >>> that's coming up right after this. that's coming up right aftr this. feeling sluggish or weighed down? could be a sign that your digestive system isn't at its best. but a little metamucil everyday can help. metamucil's psyllium fiber gels to trap and remove the waste that weighs you down... so you can lighten every day the metamucil way. mr. clean magic eraser powers through tough messes. so it makes it look like i spent hours cleaning, and you know i didn't. it makes my running shoe look li
now the collapse of ftx sent ripples through the crypto world, sending bitcoin prices down. and companies going bank run. several executives testified that sbf misprappropriated thos funds. and also generating some false financial statements. they all pleaded guilty, the former executives to similar charges. they are expected to be sentenced in the coming months. sbf is expected to go to prison. the question is for how long. prosecutors are requesting 40 to 50 years when his defenders are...
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accused of masterminding a multibillion-dollar fraud that caused the collapse of the ftx crypto currency exchange, found guilty on several charges last november, facing up to 50 years in prison, is expected to appeal the conviction and sentence as well. >> still searching for answers after the horrific bridge collapse in baltimore, the ntsb of the cargo ship that slammed into the francis scott key bridge, investigators are examining the data recorders into inside for what happened in the moments leading up to the crash. and the bodies of two missing workers have been recovered from the scene. the search and recovery effort is now a salvage operation, >> they were found inside a pickup truck at the bottom of the patapsco river and recovery efforts seven put on hold due to the danger posed by the wreckage. >> multiple alarms were recorded on the bridge audio. >> reporter: ntsb investigators spent hours aboard the ship today providing a readout of the terrifying fight leading up to the collision. and retrieved from the ships voyage container or vdr, they may have saved dozens of lives. >> t
accused of masterminding a multibillion-dollar fraud that caused the collapse of the ftx crypto currency exchange, found guilty on several charges last november, facing up to 50 years in prison, is expected to appeal the conviction and sentence as well. >> still searching for answers after the horrific bridge collapse in baltimore, the ntsb of the cargo ship that slammed into the francis scott key bridge, investigators are examining the data recorders into inside for what happened in the...
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facing up to 110 years in prison after being convicted last november of fraud and other crimes after his ftx cryptocurrency exchange went bankrupt. 's attorneys are arguing for a five or six year sentence, given his lack of criminal history. bankman-fried is being held at the brooklyn detention facility. >>> san jose is using artificial intelligence to fix some of its most noticeable problems but the bay area's biggest city is also getting a i advice from the white house. here's tech reporter scott budman. >> reporter:, from job creation, to fixing traffic problems, local leaders from both here in the bay area, and across the country, are trying to tap into ai, to figure out how the technology might help their cities. today, we heard from local governments and the white house just how that might happen. >> reporter: san jose has already gone on record, in saying it plans to use a i to help fight traffic and homelessness. >> together, we can craft a good and responsible policy, here, and do advocacy together, but also, make sure that we are actually adopting and using new technology effective
facing up to 110 years in prison after being convicted last november of fraud and other crimes after his ftx cryptocurrency exchange went bankrupt. 's attorneys are arguing for a five or six year sentence, given his lack of criminal history. bankman-fried is being held at the brooklyn detention facility. >>> san jose is using artificial intelligence to fix some of its most noticeable problems but the bay area's biggest city is also getting a i advice from the white house. here's tech...
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operation broken heart the target men accused of trying to engage children in ftx acts and one of the men arrested was a local high school teacher. we bring in jody hernandez who has more on the story. >> again the sting was called operation broken heart and it took place over five days now officers posing as children went online hoping to find and identify sexual predators and it works. six men in all engage in chats with those officers and they thought they were having conversations with 13-year-old girls in one case a 13-year-old boy and most of those men arrange to have meet ups for sex but when they arrived there were some meeting places in danville and an apartment complex and a park and instead of fighting children they found officers. all six men were arrested. >> jodi, six men one of the men was a haywood high school teacher. any response from the school, parent or student about this arrest? >> reporter: that is right. one of the men is or was a substitute 10th grade english teacher at tennyson high school in hayward. we did talk to a district spokesperson over there. apparen
operation broken heart the target men accused of trying to engage children in ftx acts and one of the men arrested was a local high school teacher. we bring in jody hernandez who has more on the story. >> again the sting was called operation broken heart and it took place over five days now officers posing as children went online hoping to find and identify sexual predators and it works. six men in all engage in chats with those officers and they thought they were having conversations...