0
0.0
Mar 29, 2024
03/24
by
KTVU
tv
eye 0
favorite 0
quote 0
prosecutors 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 c
prosecutors 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...
0
0.0
Mar 29, 2024
03/24
by
KTVU
tv
eye 0
favorite 0
quote 0
prosecutors say he stole almost $11 billion from customers of the ftx crypto exchange. ktvu lamonica peters tells us why experts think that sentence sends a very clear message. >> okay, guys, come on, this way . >> 32 year old sam bankman-fried was sentenced to 25 years behind bars thursday after defrauding crypto investors and customers of over $11 billion. >> this shows that, several regulators are very serious about providing a good and well-established and well secured trading environment to crypto. >> bankman-fried has also been ordered to repay his victims. doctor julian vogel is an assistant professor of finance at san jose state university. >> whenever he gets out of prison, 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 will severely limits his ability to do bad in the future as was one of the judge's big concern, federal prosecutors had asked for a 40 to 50 year sentence. >> white collar crime prison consultant justin paperny believes u.s. district judge lewis kap
prosecutors say he stole almost $11 billion from customers of the ftx crypto exchange. ktvu lamonica peters tells us why experts think that sentence sends a very clear message. >> okay, guys, come on, this way . >> 32 year old sam bankman-fried was sentenced to 25 years behind bars thursday after defrauding crypto investors and customers of over $11 billion. >> this shows that, several regulators are very serious about providing a good and well-established and well secured...
0
0.0
Mar 29, 2024
03/24
by
KTVU
tv
eye 0
favorite 0
quote 0
prosecutors say he stole nearly $11 billion from customers of the ftx crypto exchange. ktvu lamonica peters explains how the prison sentence sends a message to other white collar criminals. >> okay, guys, come this way. >> 32 year old sam bankman-fried was sentenced to 25 years behind bars thursday after defrauding crypto investors and customers of over $11 billion. >> this shows that, several regulators are very serious about providing a good and well established and well secured trading environment to crypto. >> bankman-fried has also been ordered to repay his victims. doctor julian vogel is an assistant professor of finance at san jose state university. >> whenever he gets out of prison, 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 will severely limits his ability to do bad in the future. as was one of the judge's big concern, federal prosecutors had asked for a 40 to 50 year sentence. >> white collar crime prison consultant justin paperny believes u.s. district judge
prosecutors say he stole nearly $11 billion from customers of the ftx crypto exchange. ktvu lamonica peters explains how the prison sentence sends a message to other white collar criminals. >> okay, guys, come this way. >> 32 year old sam bankman-fried was sentenced to 25 years behind bars thursday after defrauding crypto investors and customers of over $11 billion. >> this shows that, several regulators are very serious about providing a good and well established and well...
0
0.0
Mar 29, 2024
03/24
by
KTVU
tv
eye 0
favorite 0
quote 0
>> prosecutors say he stole nearly $10 billion from customers of the ftx crypto exchange. it is described as one of the largest financial frauds in us history. >> as ktvu la monica peters reports. now the prison sentence sends a message to other white collar criminals. >> this shows that several regulators are very serious about providing a good and well-established and well secured trading environment to crypto. okay, guys. >> 32 year old sam bankman-fried was sentenced to 25 years behind bars thursday after defrauding crypto investors and customers of over $11 billion. bankman-fried has also been ordered to repay his victims doctor julian vogel is an assistant professor of finance at san jose state university. >> whenever he gets out of prison, 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. federal prosecutors had asked for a 40 to 50 year sentence for white collar crime. >> prison co
>> prosecutors say he stole nearly $10 billion from customers of the ftx crypto exchange. it is described as one of the largest financial frauds in us history. >> as ktvu la monica peters reports. now the prison sentence sends a message to other white collar criminals. >> this shows that several regulators are very serious about providing a good and well-established and well secured trading environment to crypto. okay, guys. >> 32 year old sam bankman-fried was sentenced...
0
0.0
Mar 29, 2024
03/24
by
KTVU
tv
eye 0
favorite 0
quote 0
investigation, tom vacar, ktvu, fox two news sam bankman-fried, the founder of former crypto giant ftx, was sentenced today to 25 years in prison in new york. >> he was found guilty last november of misappropriating funds and for defrauding investors and customers out of billions of dollars. bankman-fried is also required to pay more than $11 billion, which is essentially a formality . after ftx went bankrupt and tanked his billionaire status as a former us attorney spoke with fox business and said that he believes today's sentence was not long enough. >> he's going to do about 15 years, maybe less. yeah, i think the sentence should have been way closer to the 40 or 50 that the government asked for in the case to judge kaplan. >> other experts, though, say a 25 year sentence is essentially the same thing as throwing the book at him. considering that bankman-fried is just 32 years old, he said today he was sorry that he made a lot of bad decisions, but he never admitted fault. bankman-frieds legal team will likely file an appeal. alright, a winter weather advisory, in effect for the gre
investigation, tom vacar, ktvu, fox two news sam bankman-fried, the founder of former crypto giant ftx, was sentenced today to 25 years in prison in new york. >> he was found guilty last november of misappropriating funds and for defrauding investors and customers out of billions of dollars. bankman-fried is also required to pay more than $11 billion, which is essentially a formality . after ftx went bankrupt and tanked his billionaire status as a former us attorney spoke with fox...
0
0.0
Mar 29, 2024
03/24
by
KTVU
tv
eye 0
favorite 0
quote 0
the bay area native and founder of ftx was sentenced today to 25 years in prison after being convicted of stealing billions of dollars from customers. prosecutors asked the judge for a 40 to 50 year sentence. bankman-fried will serve his sentence in a medium security federal prison here in california. in addition to prison time, he's also required to pay more than $11 billion. his legal team is likely to file an appeal following today's sentencing. >> we need solutions, we need results. and if that requires asking the state and the federal government for additional law enforcement personnel, i'm prepared to do exactly that. >> coming up on ktvu news at 630, a san francisco mayoral candidates proposal that would call in the national guard to combat the city's drug crisis also had a woman working at a laundromat in oakland was attacked on the job. >> the rally, held today in the city and the new look san francisco giants open their season down in san diego. >> good starting pitching nine hits, but cou t y get it all starts with a chevy truck. chevy silverado with the turbomax engine and
the bay area native and founder of ftx was sentenced today to 25 years in prison after being convicted of stealing billions of dollars from customers. prosecutors asked the judge for a 40 to 50 year sentence. bankman-fried will serve his sentence in a medium security federal prison here in california. in addition to prison time, he's also required to pay more than $11 billion. his legal team is likely to file an appeal following today's sentencing. >> we need solutions, we need results....
0
0.0
Mar 29, 2024
03/24
by
KTVU
tv
eye 0
favorite 0
quote 0
. >> the co-founder of the cryptocurrency ftx, sam bankman-fried, has been sentenced now to 25 years in federal prison for fraud. the judge announced that the sentence reflects risk, saying bankman-fried could do something similar in the future. the bay area man was once hailed as a cryptocurrency mogul who had many high profile celebrities and athletes, such as tom brady and steph curry endorse his services. but a jury found the 32 year old guilty of two counts of fraud and five counts of conspiracy. prosecutors accused of swindling billions of dollars from investors. >> silicom sexual assault allegations and lawsuits forced the mayor of windsor to resign three years ago. well coming up word today, ex-mayor dominic foppoli may not face any charges at this point in the investigation. >> also taking matters into their own hands, the nonprofit responsible for building fences in the tenderloin without the city's permission, and crews will soon be picking up the pieces from this week's maritime disaster. >> why the effort to restore the bridge in baltimore could tak years he was accused
. >> the co-founder of the cryptocurrency ftx, sam bankman-fried, has been sentenced now to 25 years in federal prison for fraud. the judge announced that the sentence reflects risk, saying bankman-fried could do something similar in the future. the bay area man was once hailed as a cryptocurrency mogul who had many high profile celebrities and athletes, such as tom brady and steph curry endorse his services. but a jury found the 32 year old guilty of two counts of fraud and five counts...
0
0.0
Mar 28, 2024
03/24
by
KTVU
tv
eye 0
favorite 0
quote 0
a long sentence in a federal prison for the multibillion dollar ftx fraud. as fox's kelly o'grady tells us, the peninsula native was sentenced today to 25 years in prison. >> well, in the end, no one appears to be buying sam bankman-fried's good boy crypto act. not the jury. when he was convicted last year and certainly not the judge today. now he was sentenced to 25 years behind bars. the max he could have gotten was 110 years. the prosecution was looking for something in the 40 to 50 range. he is also required to pay over $11 billion, though that is a formality at this point because he is pretty much broke. and we did hear from sam himself today. it was rather surprising given his poor performance during the trial. he said he was sorry that he made a lot of bad decisions, but he never admitted fault. that's important because his legal team does intend to file an appeal. there was also a lot of focus today on harm, the defense argued there was none, given customers are expected to get their money back through bankruptcy. but the judge bought none of that. h
a long sentence in a federal prison for the multibillion dollar ftx fraud. as fox's kelly o'grady tells us, the peninsula native was sentenced today to 25 years in prison. >> well, in the end, no one appears to be buying sam bankman-fried's good boy crypto act. not the jury. when he was convicted last year and certainly not the judge today. now he was sentenced to 25 years behind bars. the max he could have gotten was 110 years. the prosecution was looking for something in the 40 to 50...
0
0.0
Mar 28, 2024
03/24
by
KTVU
tv
eye 0
favorite 0
quote 0
the co-founder of cryptocurrency ftx , sam bankman-fried, has been sentenced now to 25 years in federal prison for fraud. the judge announcing that the sentence reflects the, quote, risk bankman-fried could do something similar in the future. the bay area man was once hailed as a cryptocurrency mogul who had tom brady and steph curry endorsed his services, but a jury found the 32 year old guilty of two counts of fraud and five counts of conspiracy. prosecutors accused him of swindling billions of dollars from investors. the investigation into this week's deadly bridge collapse in baltimore continues. officials say four people now are being. are being sought. the bodies of four people are being sought right now, and they're going to do that after the debris from the wreckage is removed. connor hansen has the latest developments from maryland. >> emergency crews are pausing search efforts and moving into a salvage operation as they try to find more victims from tuesday's bridge collapse. now, the focus will be on removing debris and reopening that channel. divers recovering the bodies of
the co-founder of cryptocurrency ftx , sam bankman-fried, has been sentenced now to 25 years in federal prison for fraud. the judge announcing that the sentence reflects the, quote, risk bankman-fried could do something similar in the future. the bay area man was once hailed as a cryptocurrency mogul who had tom brady and steph curry endorsed his services, but a jury found the 32 year old guilty of two counts of fraud and five counts of conspiracy. prosecutors accused him of swindling billions...
0
0.0
Mar 28, 2024
03/24
by
KTVU
tv
eye 0
favorite 0
quote 0
we're following the latest on ftx co-founder sam bankman-fried sentencing, plus a push for safer school zones. >> we'll take a look at the new bill being introduced to reduce speed limits near schools and how it would create school walk zones. >> live from jack london square. this is mornings on two the nine today's thursday, march 28th. we're looking live at san francisco's richmond district, the marin headlands, and the weather is changing. it's a little bit strange right now. it's sunny in some spots, it's raining in others. we'll have steve run it down for you in just a bit. would you pay $360,000 for a bachelor's degree? several universities in new england are going to start charging more than $90,000 a year beginning this fall. those include boston university, tufts, wellesley, and yale. included in this price is tuition housing, a meal plan, books, and other university fees. welcome to the nine andre garcia and myself. it seems a little high to me there. andre >> the fold, your laundry and clean your dorm room and things like that, right? i mean, that is more than most people. mo
we're following the latest on ftx co-founder sam bankman-fried sentencing, plus a push for safer school zones. >> we'll take a look at the new bill being introduced to reduce speed limits near schools and how it would create school walk zones. >> live from jack london square. this is mornings on two the nine today's thursday, march 28th. we're looking live at san francisco's richmond district, the marin headlands, and the weather is changing. it's a little bit strange right now....
0
0.0
Mar 28, 2024
03/24
by
KTVU
tv
eye 0
favorite 0
quote 0
he's the bay area man who co-founded ftx, the cryptocurrency exchange. a federal jury in new york convicted him last november on two counts of fraud and five counts of conspiracy. prosecutors said he ran a crypto fraud scheme that swindled billions of dollars from investors. now he was staying here in the bay area until his bail was revoked because of witness tampering allegations means he could be sentenced to as much as 110 years in prison. and again, this is live. these are live pictures right outside the courthouse where his sentencing will take place. legal analysts expect he his sentence will probably be a much shorter sentence than that prediction. >> animal protection groups around the country are working to prevent activity by backyard puppy breeders. a four month old shih tzu was given a second chance at life after a backyard breeder was willing to throw her away, the woman who rescued her says many dogs from backyard breeders end up dumped or wandering the streets. >> once she realized there was something wrong with the puppy, she went to the
he's the bay area man who co-founded ftx, the cryptocurrency exchange. a federal jury in new york convicted him last november on two counts of fraud and five counts of conspiracy. prosecutors said he ran a crypto fraud scheme that swindled billions of dollars from investors. now he was staying here in the bay area until his bail was revoked because of witness tampering allegations means he could be sentenced to as much as 110 years in prison. and again, this is live. these are live pictures...