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sam bankman-fried stole more than 8 billion from investors and customers of ftx and lenders to its sister hedge fund alameda research the judge agreed. he said that bankman-fried has shown no remorse and he said that his nature is one of risk-taking and that he weighed getting caught versus getting away with it. the judge saying at one point, there is a risk that this man will be in a position to do something very bad in the future. and it's not a trivial risks and that is why the judge said he was sentencing the 32 to a 25-year prison sentence to disable him from committing further crimes. that means when the sentence is up, bankman-fried will be 57 years old. his parents issuing a statement after court, which they did attend today saying, we are heartbroken. his lawyer says that they will appeal we'll see what happens. kara scannell reporting. thank you very much into our viewers. thanks very much for watching. i'm wolf blitzer in the situation room. the news continues on cnn, >> right now. >> tonight on 360 breaking news, the first video investigative teams on the container ship, dali
sam bankman-fried stole more than 8 billion from investors and customers of ftx and lenders to its sister hedge fund alameda research the judge agreed. he said that bankman-fried has shown no remorse and he said that his nature is one of risk-taking and that he weighed getting caught versus getting away with it. the judge saying at one point, there is a risk that this man will be in a position to do something very bad in the future. and it's not a trivial risks and that is why the judge said he...
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25 years behind bars, will take a closer look at what plato at the sentencing hearing for the former ftx ceo. that's did you know there's no t in skechers? >> when he told the ball rolling is always been scheduled t and these get to slip is ten, these sketches slip in >> i don't think they have a clue. >> that's crazy. >> well, not everyone knows coventry has helped thousands of people sell their policies for cash, even turn policies. >> i can't believe they're just sitting up there sitting on all this cash. >> if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry, even a term policy for cash or a combination of cash and coverage with no future premiums. >> so i want you to tell them but they're sitting on a goldmine you're sitting on a goal. >> that >> i don't hear anything anymore find out if you're sitting on a goldmine called coventry to read today, de hundred 39 to 7,600 or visit coventry direct.com what is circle. surplus the fuel you need to take flight circle is the energy that gets you to the next level circled is which hoped for, rig
25 years behind bars, will take a closer look at what plato at the sentencing hearing for the former ftx ceo. that's did you know there's no t in skechers? >> when he told the ball rolling is always been scheduled t and these get to slip is ten, these sketches slip in >> i don't think they have a clue. >> that's crazy. >> well, not everyone knows coventry has helped thousands of people sell their policies for cash, even turn policies. >> i can't believe they're...
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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 risk and that is why the judge said he would the sentencing the 32 to a 25-year prison sentence to disable him from committing further crimes. that means when the sentence is up bankman-fried will be 57 years old, his parents issuing a statement after court, which they did attend today, saying, we are heartbroken. his lawyer says that they will appeal we'll see what happens. curious reporting. thank you very much into our viewers. thanks very much for watching. i'm wolf blitzer in the situation room. the news continues on cnn. >> right now. >> fron next, breaking news, new video, just into outfront from onboard the massive cargo ship that crashed into the francis scott key bridge. a
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 risk and that is why the judge said he would the sentencing the 32 to a 25-year prison sentence to...
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at the sentencing hearing for the former ftx ceo. that's has my favorite part great. >> i started using schwab investing themes. so now i can easily invest in trends like wearable tech trends >> all that raves. sounds exhausting no schwab's technology does the work. so if i spot an opportunity and robotics or pets, i can buy those stocks and a few clicks can't be that easy. >> as with schwab >> schwab investing themes, 40 customizable themes up to 25 stocks in just a few clicks, >> can the riva support your brain health? >> very janet, hey, eddie, now appraiser, franck, franck, bread. >> how are you? >> fred, fuel up to seven brain health indicators, including your memory, joined the neretva brain health challenge. >> when barbara switch to turbotax, i wrote for generations of family tradition. >> i want to make perfume >> so i meet barbecue psyche counts by guaranteeing her maximum refund intuit turbotax >> that's how you may like it never even happened happens serve pro times may change, but some things remain timely for you. how m
at the sentencing hearing for the former ftx ceo. that's has my favorite part great. >> i started using schwab investing themes. so now i can easily invest in trends like wearable tech trends >> all that raves. sounds exhausting no schwab's technology does the work. so if i spot an opportunity and robotics or pets, i can buy those stocks and a few clicks can't be that easy. >> as with schwab >> schwab investing themes, 40 customizable themes up to 25 stocks in just a few...
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the ftx bankruptcy in 2022 had a ripple effect on the market. several other cryptocurrency companies quickly went belly up as a result, his lawyer painted him as a misunderstood, awkward, math nerd who loves video games, animals, and vegans but the judge saw very differently saying bankman-fried was politically motivated and there is a risk he would be in a position to do something very bad. again in the future before the judge delivered the senate's bankman-fried apologized in court to all those involved saying his decisions, quote, haunt him every day. let's bring in cnn's kara scannell and sara fischer as well. so, so kara, a very basic question here. will spf, victims get any or close to all of their money back? >> it looks. like they will get some of their money back. the question will be, is it 100 cents on the dollar, which is what bankman-fried was arguing to the judge in that people will be taking care of who should get a lenient sentence. prosecutors say, not so fast that there is, there is recovery. there was this big bankruptcy proce
the ftx bankruptcy in 2022 had a ripple effect on the market. several other cryptocurrency companies quickly went belly up as a result, his lawyer painted him as a misunderstood, awkward, math nerd who loves video games, animals, and vegans but the judge saw very differently saying bankman-fried was politically motivated and there is a risk he would be in a position to do something very bad. again in the future before the judge delivered the senate's bankman-fried apologized in court to all...
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just how much cash they're planning to bring in >> plus ftx founder sam bankman-fried has learned his fate after defrauding investors out of billions how long hill spin behind bars for carrying out one of the largest white-collar crimes in history >> check. >> we hear nothing. >> a space shuttle accidents, usually not one thing. it's a series of events is that part of the wing coming apart >> space shuttle columbia. he final flight or mere sunday, april 7 at nine on cnn, see idp disrupts. >> the idp derails. >> let's be honest sucks but living to see idp doesn't have to. >> when you sign up at shining through cid p.com, you'll find inspiration and real patient stories helpful tips, reliable information, and more >> cid p can be tough. >> but finding hope just got a little easier >> sign up is shining through cip.com it'd be heard, be hopeful bu the de, >> you, get your clear choice dental implants makes every day let's dig in day a chow down day >> a tick, a big bite. day >> a perfectly delicious de love >> my new teeth de because you're clear choice day is the day everything is back
just how much cash they're planning to bring in >> plus ftx founder sam bankman-fried has learned his fate after defrauding investors out of billions how long hill spin behind bars for carrying out one of the largest white-collar crimes in history >> check. >> we hear nothing. >> a space shuttle accidents, usually not one thing. it's a series of events is that part of the wing coming apart >> space shuttle columbia. he final flight or mere sunday, april 7 at nine...
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and investors of ftx cryptocurrency. it's good, right to cnn's kara scannell. kara, this sentencing is actually much lighter than what prosecutors wrote actually looking for >> yeah. prosecutor said ask the judge to sentence sam bankman-fried 240 to 50 years in prison. the judge lewis kaplan, overseeing this case that he thought that was substantially greater than necessary, but in imposing the sentence, he said that sam bankman-fried, who spoken court and address the judge. he said that despite his saying that he was sorry for mistakes that were made, the judge said that he never spoke a word of remorse for the crimes that he committed, and imposing the sentence, the judge said, there is a risk that this man will be in a position to do something very bad in the future. and it's not a trivial risks. so he imposes sentence of 25 years. bankman-fried is 32 years there's old, so he would be about 57 years if he serves the entirety of that sentence. still time for him to come out, but that was one of the concerns that prosecutors had. they said that even after bank
and investors of ftx cryptocurrency. it's good, right to cnn's kara scannell. kara, this sentencing is actually much lighter than what prosecutors wrote actually looking for >> yeah. prosecutor said ask the judge to sentence sam bankman-fried 240 to 50 years in prison. the judge lewis kaplan, overseeing this case that he thought that was substantially greater than necessary, but in imposing the sentence, he said that sam bankman-fried, who spoken court and address the judge. he said that...
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the ftx founder was found guilty of committing one of the largest white-collar crime who's in history, stealing and defrauding more than 10 billion from his crypto customers accounts. cnn's kara scannell is here with a very latest. so what else can we expect today? court besides him finding out what the rest of his life is going to look like exactly. and the question is just how many years will it be? before he ever leaves a prison? remember, he's been detained since august when the judge found him involved in witness tampering when he was out on bail. but this is the moment of reckoning for sam bankman-fried once the face of the crypto industry hailed as the king, but he's really going to face the judge today and find out what his future looks like? no prosecutors, as you said, say this is one of the biggest frauds in financial history. second only to bernie made ofs fraud so they're asking the judge to sentence him to 40 to 50 years in prison because he stole $10 billion from customers, investors lenders, and they also say that he no, he spent $150 million in bribes to chinese offic
the ftx founder was found guilty of committing one of the largest white-collar crime who's in history, stealing and defrauding more than 10 billion from his crypto customers accounts. cnn's kara scannell is here with a very latest. so what else can we expect today? court besides him finding out what the rest of his life is going to look like exactly. and the question is just how many years will it be? before he ever leaves a prison? remember, he's been detained since august when the judge found...
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that could land him in prison for the next half-century the ftx founder was found guilty of committing one of the largest white-collar crimes in history, stealing more than 10 billion from his crypto customers. accounts cnn's kara scannell is here with the very latest on the story. what can we expect to hear in court today >> yes, there i mean, a big day for sam bankman-fried. he's 32 years old and he's facing a possible sentence of decades in prison federal prosecutors are asking for a sentence of 40 to 50 years in prison. as you said, because he was convicted of stealing more than 10 billion from investors from customers of ftx, as well as from lenders from its sister hedge fund alameda research in prosecutors also say that he spent $150 million to bribe chinese officials and made more than 100 million in a legal political donations to politicians and campaigns. no prosecutors are saying that in their filing to the judge, his life in recent years has been one of unmatched greed and hubris of ambition and rationalization and courting risk and gambling repeatedly with other people's mo
that could land him in prison for the next half-century the ftx founder was found guilty of committing one of the largest white-collar crimes in history, stealing more than 10 billion from his crypto customers. accounts cnn's kara scannell is here with the very latest on the story. what can we expect to hear in court today >> yes, there i mean, a big day for sam bankman-fried. he's 32 years old and he's facing a possible sentence of decades in prison federal prosecutors are asking for a...
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ftx founder sam bankman-fried, facing up to 50 years behind bars at his sentencing today, he was convicted of defraud and crypto investors in one of the largest white-collar crimes ever cpac chair, match, schlapp agreeing to a $480,000 settlement to end a sexual assault lawsuit. republican operative alleges schlapp groped him during a trip to georgia in 2022 the white house marking one year since the detention of wall street journal reporter evan gershkovich this administration will continue working every day to secure his release. we will continue to push back against russia's attempts to use them americans, as bargaining chips >> russia accuses gershkovich are trying to obtain state secrets. josh, what does it tell you that we are nearing the one-year anniversary mark of this. >> first of all, it's a tragedy for evan. his family is colleagues. it's a mark of how far russia has fallen in terms of being a normal country. where international journalists can just go and do their jobs. that's not possible in russia in 2024. and it's also a sign that the us-russia relationship is at such a low
ftx founder sam bankman-fried, facing up to 50 years behind bars at his sentencing today, he was convicted of defraud and crypto investors in one of the largest white-collar crimes ever cpac chair, match, schlapp agreeing to a $480,000 settlement to end a sexual assault lawsuit. republican operative alleges schlapp groped him during a trip to georgia in 2022 the white house marking one year since the detention of wall street journal reporter evan gershkovich this administration will continue...
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it is now bankrupt ftx crypto exchange under federal sentencing guidelines, you could face a maximum sentence of 110 years, but prosecutors our only asking for 40 to 50 and the queen bee herself beyond say will drop for a highly anticipated country album friday titled cowboy carter. it is a second act to hit to her hit 2022 album, renaissance beyond say, says fans can expect a few surprise collaborations with boat brilliant artists >> yeah looking forward to that one >> here's a question for you. in the next few weeks, could there be another house speaker battle? there are a lot of republicans who are upset after representative marjorie taylor greene filed a motion to oust mike johnson. now, in the five months and he's had the gavel, he's already stirrups and dissent among hardline republicans. they're not happy with some of his more bipartisan compromises. even with that tumult within the party many members of the gop do not want to see house action grind to a halt for weeks as they tried to find another new leader. joi us now is cnn's chief congressional correspondent, manu raju. m
it is now bankrupt ftx crypto exchange under federal sentencing guidelines, you could face a maximum sentence of 110 years, but prosecutors our only asking for 40 to 50 and the queen bee herself beyond say will drop for a highly anticipated country album friday titled cowboy carter. it is a second act to hit to her hit 2022 album, renaissance beyond say, says fans can expect a few surprise collaborations with boat brilliant artists >> yeah looking forward to that one >> here's a...