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sam bankman-fried, the disgraced founder of the now defunct cryptocurrency exchange ftx, was sentenced to 25 years in prison for fraud and conspiracy. district judge lewis kaplan noted bankman-fried's "apparent lack of any remorse" for defrauding ftx customers out of at least $8 billion. bankman-fried's lawyer said they plan to appeal. a federal judge has tossed elon musk's lawsuit against the watchdog center for countering digital hate, writing in his ruling "this case is about punishing the defendants for their speech." elon musk sued the non-profit after they reported that hate speech, racism, and misinformation soared on the social media platform x, formerly known as twitter, after the billionaire took ownership of the site in 2022. the center for countering digital hate welcomed the lawsuit's dismissal, writing on x -- "we'll continue exposing hate and lies on x, and campaigning for social media bosses like musk to be held accountable." to see our interview about this case with the head of the center for countering digital hate, go to democracynow.org. colombia has expelled its ar
sam bankman-fried, the disgraced founder of the now defunct cryptocurrency exchange ftx, was sentenced to 25 years in prison for fraud and conspiracy. district judge lewis kaplan noted bankman-fried's "apparent lack of any remorse" for defrauding ftx customers out of at least $8 billion. bankman-fried's lawyer said they plan to appeal. a federal judge has tossed elon musk's lawsuit against the watchdog center for countering digital hate, writing in his ruling "this case is about...
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Mar 29, 2024
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he used to be the boss of the ftx exchange, but was found guilty of swindling customers and investors. he's been ordered to forfeit $11 billion which can be used to compensate victims. he's expected to appeal. european and us markets are closed for the east weekend holidays. yesterday london hit a one—year high while frankfurt inched higher and paris ended flat as traders continued to weigh the recent uptick in inflation. asian indices closed mixed after a senior federal reserve official floated the idea of delaying or reducing cuts to us interest rates, boosting the dollar. major stock markets "are still hovering around record levels as investors continue the world." don't forget you can get in touch with me and some of the team on twitter. hello from the bbc sport centre. xabi alonso has confirmed that he will remain with bundesliga club bayer leverkusen next season, ending speculation linking him the future managerial vacancies at liverpool and bayern munich. alonso has led leverkusen to the top of the league in his first full season with the club, 10 points clear of second—pla
he used to be the boss of the ftx exchange, but was found guilty of swindling customers and investors. he's been ordered to forfeit $11 billion which can be used to compensate victims. he's expected to appeal. european and us markets are closed for the east weekend holidays. yesterday london hit a one—year high while frankfurt inched higher and paris ended flat as traders continued to weigh the recent uptick in inflation. asian indices closed mixed after a senior federal reserve official...
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Mar 29, 2024
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. >> you just need ftx! >> 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
. >> you just need ftx! >> 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....
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Mar 29, 2024
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just two years ago, the ftx founder mingled with the rich and powerful after becoming a billionaire at age 30. now he'll be spending 25 years in federal prison experts believe that sentence could be cut in half with good behavior. and by completing prison rehab programs, bankman-fried's parents, who are law professors at stanford, sent the judge a letter prior to sentencing, according to our media partners at the mercury news, his parents described him as smart, empathetic and motivated to only do good. but the judge wasn't having any of it during sentencing, saying, quote, he knew it was wrong. he knew it was criminal. bankman-fried's parents issued a short statement following that decision, saying, we are heartbroken and will continue to fight for our son, even if victims in this case get their money back. many who invested in cryptocurrencies at the time of ftx's collapse have lost out on a considerable amount of income, experts say many of those currencies would be worth much more today. bitcoin's value, for example, has increased more than 300% since late 2022. back to you at the
just two years ago, the ftx founder mingled with the rich and powerful after becoming a billionaire at age 30. now he'll be spending 25 years in federal prison experts believe that sentence could be cut in half with good behavior. and by completing prison rehab programs, bankman-fried's parents, who are law professors at stanford, sent the judge a letter prior to sentencing, according to our media partners at the mercury news, his parents described him as smart, empathetic and motivated to only...
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just two years ago, the ftx founder mingled with the rich and powerful after becoming a billionaire at age 30. now he'll be spending 25 years in federal prison. experts believe that sentence could be cut in half with good behavior. and by completing prison rehab programs, bankman-fried's parents, who are law professors at stanford, sent the judge a letter prior to sentencing, according to our media partners at the mercury news, his parents described him as smart, empathetic and motivated to only do good, but the judge wasn't having any of it. during sentencing, saying, quote, he knew it was wrong. he knew it was criminal. bankman-fried's parents issued a short statement following that decision, saying, we are heartbroken and will continue to fight for our son even if victims in this case get their money back. many who invested in cryptocurrencies at the time of ftx collapse have lost out on a considerable amount of income, experts say. many of those currencies would be worth much more today. bitcoin's value, for example, has increased more than 300% since late 2022. kumasi thank you. >
just two years ago, the ftx founder mingled with the rich and powerful after becoming a billionaire at age 30. now he'll be spending 25 years in federal prison. experts believe that sentence could be cut in half with good behavior. and by completing prison rehab programs, bankman-fried's parents, who are law professors at stanford, sent the judge a letter prior to sentencing, according to our media partners at the mercury news, his parents described him as smart, empathetic and motivated to...
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just two years ago, ftx founder sam bankman-fried mingled with the rich and powerful. 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 calc
just two years ago, ftx founder sam bankman-fried mingled with the rich and powerful. 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...
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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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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 flavors to choosing from, honey sriracha, korean barbecue, wticky chicky sweet and sour, nashville hot, and georgia gold. >>> that's your cbs "money watch" report. i'm carissa lawson, cbs news, new york. >>> up next, we've got your new beyonce country music. we'll hear her versions of dolly parton's "jolene." beyonce country music. we'll hear her versions of dolly parton's "jolene." (bridget) with thyroid eye disease i hid from the camera. and i wanted to hide from the world. for years, i thought my t.e.d. was beyond help... but then i asked my d
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...
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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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sunil kavuri was one of his victims. >> i lost a huge amount of money when ftx collapsed. >> how much? >> $2 million. so -- and that was for a family home and for my children's education, and that's overnight. >> reporter: bankman-fried was once hailed as the future of finance with an estimated net worth of $26 billion. and enlisting celebrities including quarterback tom brady -- >> i'm getting into crypto. >> reporter: -- and basketball star steph curry -- >> 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 hardwired 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 doesn't feel risk. >> reporter: now, there is no parole for federal crimes, but good behavior can reduce time served. bankman-fried's lawyers will appeal this sentence,
sunil kavuri was one of his victims. >> i lost a huge amount of money when ftx collapsed. >> how much? >> $2 million. so -- and that was for a family home and for my children's education, and that's overnight. >> reporter: bankman-fried was once hailed as the future of finance with an estimated net worth of $26 billion. and enlisting celebrities including quarterback tom brady -- >> i'm getting into crypto. >> reporter: -- and basketball star steph curry --...
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Mar 29, 2024
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with the famous politicians, famous celebrities, athletes and whatnot, it wasn't that long ago when ftx was advertising on the super bowl , then look what happened. maria: he was one of the leading donors, political donor donors to democratic candidates. maria: he gave away millions of dollars to politicians up and down from the top down in d.c. to advance his own image into advances on power in his own status. i don't feel sorry whatsoever and i'm not to feel the word sad, good riddance he deserves to be in jail and i hope he serves all 25 years. what he did was put his stain on was a very incredibly exciting emerging world and that's a crypto currency market but when you have the face of it being being sam bankman-fried, that tarnishes a lot of good things about the block chain that a been ignored and tarnished by him. the agreed justness in his attitude, i cannot believe it. maria: thomas, your thoughts. >> that's exactly right and we have to remember we may not be in this position that were in and the amount of money $40 million to democrats imagine how many candidates he supported
with the famous politicians, famous celebrities, athletes and whatnot, it wasn't that long ago when ftx was advertising on the super bowl , then look what happened. maria: he was one of the leading donors, political donor donors to democratic candidates. maria: he gave away millions of dollars to politicians up and down from the top down in d.c. to advance his own image into advances on power in his own status. i don't feel sorry whatsoever and i'm not to feel the word sad, good riddance he...
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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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. >>> plus, ftx founder sam bankman fried will spend the next two decades behind bars. we'll talk about what his sentencing could mean for the future of the crypto industry. we'll be back with business news next. industry. we'll be back with business news next [coughing] copd hasn't been pretty. it's tough to breathe and tough to keep wondering if this is as good as it gets. but trelegy has shown me that there's still beauty and breath to be had. because with three medicines in one inhaler, trelegy keeps my airways open and prevents future flare-ups. and with one dose a day, trelegy improves lung function so i can breathe more freely all day and night. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. ♪ what a wonderful
. >>> plus, ftx founder sam bankman fried will spend the next two decades behind bars. we'll talk about what his sentencing could mean for the future of the crypto industry. we'll be back with business news next. industry. we'll be back with business news next [coughing] copd hasn't been pretty. it's tough to breathe and tough to keep wondering if this is as good as it gets. but trelegy has shown me that there's still beauty and breath to be had. because with three medicines in one...
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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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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 and emotional toll on customers. >>> all right, former u.s. attorney joyce vance is back with us, prosecutors were looking of a sentence to 40 to 50 years. what do you make of the judge's decision here? >> reporter: the judge sentences to 25 years. which is a very solid sentence. in a white collar case. the sentencing guidelines here are typically driven by the dollar amount of the fraud. that combined with the fact one of the charges was money laundering is what permitted
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...
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>> 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...
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having us- — back here in the us, in new york, the founder of the bankrupt crypto currency exchange ftx, sam bankman—fried, was sentenced to 25 years in prison. a federaljudge at manhattan court house ruled that the 32—year—old knew he acted criminally but had shown no remorse. mr bankman—fried, who's expected to appeal the sentence, apologised for his actions but did not admit to criminal wrongdoing. he was found guilty of fraud and money laundering last year. before his firm's collapse in 2022, the former billionaire became a celebrity atop a crypto empire. prosecutors said he raided customer accounts for bribes, illegal political donations and risky investments. our business correspondent, michelle fleury, has more. thejudge had to decide a couple of things and took into account age, losses involved an impact on the victims and also the message of deterrent and he settled on 25 years for sam bankman—fried, sending him to prison for that time. it was less than lawyers who had been prosecuting the case had asked for who wanted ao—is years and by contrast lawyers for mr bank
having us- — back here in the us, in new york, the founder of the bankrupt crypto currency exchange ftx, sam bankman—fried, was sentenced to 25 years in prison. a federaljudge at manhattan court house ruled that the 32—year—old knew he acted criminally but had shown no remorse. mr bankman—fried, who's expected to appeal the sentence, apologised for his actions but did not admit to criminal wrongdoing. he was found guilty of fraud and money laundering last year. before his firm's...
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i was the ceo of ftx, he said, i was responsible. the judge admonished bankman- fried saying there is a risk this man will be in a 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 out right line, he was evasive. bankman-fried's parents, solemn outside the courthouse, saying in a statement they are heartbroken and will continue to fight for their sons. bankman-fried's lawyers say they plan to appeal. >> i think it goes some way some closure but i don't think it fully reflects the financial or emotional toll on customers. >> joyce is back with us. prosecutors were looking for a sentence of 40 to 50 years. what you make of the judges decision here? >> the judge sentenced to 25 years, which is a very solid sentence. here guidelines are driven by the dollar amount of the fraud. that combined with the fact that one of the charges was money laundering is what permitted the judge to consider imposing a sentence like this a
i was the ceo of ftx, he said, i was responsible. the judge admonished bankman- fried saying there is a risk this man will be in a 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 out right line, he was evasive. bankman-fried's parents, solemn outside the courthouse, saying in a statement they are heartbroken and will continue to fight for their sons. bankman-fried's lawyers...
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. >> de prision esa es la condena impuesta hoy para el fundador de la plataforma de criptodivisas ftx. >> sam backman-fried, de 32 anos, fue hallado culpable en novie hombre de dos cargos por fraude y cinco por conspiracion. >> en el juicio los fiscales dijeron que batman freed robo a los clientes de ftx unos 8 mil millones de dolares. >> y por primera vez el censo ofrecera la opcion de latino como categoria unica de raza o etnia hasta ahora los hispanos teniamos una pregunta doble para responder sobre nuestra identidad. >> el resultado indago sobre las consecuencias que tendra este >> responder a las preguntas del censo ha sido siempre una tarea complicada para gina. >> su familia peruana es muy orgullosa de sus raices indigenas sausas, pero en la seccion de raza y etnicidad del cuestionario no ha encontrado una opcion que le ha ad adecuadamente. >> siempre que he rellenado el formulario aqui me he sentido perdida porque tenia las ganas de marcar nativoamericana, pero sabia que se referia a norteamerica. >> muchos hispanos han enfrentado la misma disyuntiva decada tras decada, por el
. >> de prision esa es la condena impuesta hoy para el fundador de la plataforma de criptodivisas ftx. >> sam backman-fried, de 32 anos, fue hallado culpable en novie hombre de dos cargos por fraude y cinco por conspiracion. >> en el juicio los fiscales dijeron que batman freed robo a los clientes de ftx unos 8 mil millones de dolares. >> y por primera vez el censo ofrecera la opcion de latino como categoria unica de raza o etnia hasta ahora los hispanos teniamos una...
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Mar 29, 2024
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and ftx founder sam bankman-fried sentenced to 25 years behind bars. we recap how got to this point. >> police say stepped up safety measures across its stations are making a big difference for riders. officials released new data showing the effectiveness of its safe and clean plan as kron four's theresa tells u.s. felony arrests are up. 62 1% from last year. >> bart police chief kevin franklin saying that he's applauding this new data saying that it is a reflection of the hard work that our police officers have been doing to try make the system safer. take a look at this. you need to see these pictures. this is an example of some of the illegal guns confiscated during arrests in total. bart police say officers took and 49 illegal handguns that is up from 40 in 2022, it's the most guns bar police have ever recovered in a year. officers making 726 arrests and 2023 compare that with 448 in 2022, the department says that is a 62% increase in arrests. bart police chief kevin franklin saying, quote, since we started deploying more patrol officers to ride tr
and ftx founder sam bankman-fried sentenced to 25 years behind bars. we recap how got to this point. >> police say stepped up safety measures across its stations are making a big difference for riders. officials released new data showing the effectiveness of its safe and clean plan as kron four's theresa tells u.s. felony arrests are up. 62 1% from last year. >> bart police chief kevin franklin saying that he's applauding this new data saying that it is a reflection of the hard work...
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the 32 year old siphoned billions in customer funds from his cryptocurrency exchange, ftx, to keep his hedge fund afloat. prosecutors sought a 50 year prison sentence while the defense asked for six years. bankman-fried is the son of two stanford law professors. now to a plan in oakland, where four of the city's largest companies are team up to keep their workers safe, it's a $10 million plan from p-g-and-e's, kaiser, clorox and blue shield. a have offices in the downtown area. the money will provide private security, escorts and transportation for employees. abc seven news reporter suzanne fawn has more. blue shield of california kaiser permanente, pacific gas and electric, and clorox. >> they're all headquartered in downtown oakland. in january, blue shield and kaiser told employees to stay on site and not to leave for lunch because of concerns about crime. clorox and blue shield offered employees security escorts to their car, bart or location within two blocks. now, the company's ceos are joining forces to make downtown oakland safer for their employees. our first obligation to our
the 32 year old siphoned billions in customer funds from his cryptocurrency exchange, ftx, to keep his hedge fund afloat. prosecutors sought a 50 year prison sentence while the defense asked for six years. bankman-fried is the son of two stanford law professors. now to a plan in oakland, where four of the city's largest companies are team up to keep their workers safe, it's a $10 million plan from p-g-and-e's, kaiser, clorox and blue shield. a have offices in the downtown area. the money will...
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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....
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. >> 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 taken, like, a lot more responsibility for understanding what the details were of what was going on there. >> reporter: in court today, one victim told the judge he lost "money i wanted to spend on a family home." the judge saying he received more than 200 letters. a man with two young children writing he
. >> 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? >>...
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>> yeah, ftx customers lost access to their funds when ftx collapsed. that's the crypto training platform. many of them are losing hope. we heard from one of them, saying he was living in ftx nightmare. >> michelle fleury for us there in new york. good to have you on the show. thank you. as american journalist evan gershkovich approaches his first full year in russian detention, the kremlin says it won't talk publicly about the possible talk of any prisoner exchange. he was arrested in russia on suspicion of espionage. moscow accuses the wall street journal reported of trying to obtain military secrets while reporting on the war in ukraine. evan gershkovich, the wall street journal and the u.s. deny accusations of wrongdoing. i spoke with his sister and paul beckett on their efforts to bring evan home. danielle, i will start with you. we talked in december. first of all, how are you and your family doing? >> we are holding on. we in this past year have been learning about being advocates for evan. we are continuing to move forward, continuing to trust t
>> yeah, ftx customers lost access to their funds when ftx collapsed. that's the crypto training platform. many of them are losing hope. we heard from one of them, saying he was living in ftx nightmare. >> michelle fleury for us there in new york. good to have you on the show. thank you. as american journalist evan gershkovich approaches his first full year in russian detention, the kremlin says it won't talk publicly about the possible talk of any prisoner exchange. he was arrested...
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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 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...
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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...
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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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. >>> ftx founder sam freed sentenced to 25 years in jail. the judge saying he didn't hear a word of remorse for the crimes. aaron katersky outside the courthouse. >>> tracking storms on both coasts tonight. heavy rain and flood washes from north carolina to maine. back-to-back systems taking aim at the west. heavy rain and snow from california to colorado. rob marciano timing it out. >>> chilling new details about the horrific stabbing rampage across multiple locations in rockford, illinois. four people killed including a 15-year-old girl. her mother says she died protecting her sister and a friend. alex perez with new reporting. >>> the race for the white house tonight. president biden joined by former presidents obama and clinton for a show of force against donald trump and a record-breaking $25 million fund-raiser at new york's radio city music hall. at the same time, trump attending a wake for a fallen nypd officer, less than three weeks before the start of his criminal trial in manhattan. mary bruce here in new york. >>> newly released
. >>> ftx founder sam freed sentenced to 25 years in jail. the judge saying he didn't hear a word of remorse for the crimes. aaron katersky outside the courthouse. >>> tracking storms on both coasts tonight. heavy rain and flood washes from north carolina to maine. back-to-back systems taking aim at the west. heavy rain and snow from california to colorado. rob marciano timing it out. >>> chilling new details about the horrific stabbing rampage across multiple...
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sunil kavuri was one of his victims. >> i lost a huge amount of money when ftx collapsed. >> reporter: how much? >> $2 million. so -- and that was for a family home and for my children's education, and that overnight. >> reporter: beckman freed was% once hailed as the future of finance, with an estimated net . 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 mediu
sunil kavuri was one of his victims. >> i lost a huge amount of money when ftx collapsed. >> reporter: how much? >> $2 million. so -- and that was for a family home and for my children's education, and that overnight. >> reporter: beckman freed was% once hailed as the future of finance, with an estimated net . and enlisting celebrities, including quarterback tom brady peer to begun getting into crypto. >> reporter: basketball steph curry. speak are not expert and i...
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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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. >>> a federal judge has sentenced ftx founder and bay area native sam bankman-fried to 25 years in prison for his role in the collapse of the digital currency exchange. he was convicted of fraud and conspiracy last november or siphoning off people's deposits. prosecutors recommended up to 50 years in prison while bankman-fried's attorney requested 6 1/2 years. >> the prosecution is able to show multiple times where sam had the opportunity to do the right thing to come clean and he chose not to do so. >> the judge also said bankman-fried lied during his trial testimony and attempted witness tampering. the judge ordered him to forfeit $11 billion . is attorneys are expected to appeal the sentence. >>> the vallejo police department is looking for a new deputy chief. joseph gomez calling it quits just nine months after starting the job. in a statement, the police department thanked deputy chief gomez for his service and wished him the best of luck in all future endeavors. >>> in baltimore, the search for survivors has been called off. authorities recovered the bodies of two constructio
. >>> a federal judge has sentenced ftx founder and bay area native sam bankman-fried to 25 years in prison for his role in the collapse of the digital currency exchange. he was convicted of fraud and conspiracy last november or siphoning off people's deposits. prosecutors recommended up to 50 years in prison while bankman-fried's attorney requested 6 1/2 years. >> the prosecution is able to show multiple times where sam had the opportunity to do the right thing to come clean and...
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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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otra última hora nos lleva un tribunal del bajo manhattan donde el cofundador de ftx ha sido condenado a 25 años de cárcel hace 4 meses fue declarado culpable de orquestar un fraude multimillonario de criptomonedas que afectó a clientes, inversores y prestamistas. las sentencia se le ha leído en un tribunal del manhattan ante el cual el acusado se disculpó diciendo que había tomado una serie de decisiones egoístas mientras dirigía dicha empresa. en california, una madre vivió momentos de terror durante un tiroteo. vea. el video de seguridad muestra cómo las balas impactan en su casa y ella corre a proteger con su cuerpo a su pequeño hijo de 4 años que dormía en un sillón. luego lo tomó en sus brazos y corrió para alejarlo del peligro. la familia se había mudado hace una semana y cree que los agresores los confundieron. en total fueron 41 balazos y la policía busca a 2 sospechosos, un hombre de 22 años de edad comparece hoy por primera vez en corte, acusado de apuñalar y matar a 4 personas y herir a otras 7 en bradford, al noreste de chicago. soto fue detenido ayer d
otra última hora nos lleva un tribunal del bajo manhattan donde el cofundador de ftx ha sido condenado a 25 años de cárcel hace 4 meses fue declarado culpable de orquestar un fraude multimillonario de criptomonedas que afectó a clientes, inversores y prestamistas. las sentencia se le ha leído en un tribunal del manhattan ante el cual el acusado se disculpó diciendo que había tomado una serie de decisiones egoístas mientras dirigía dicha empresa. en california, una madre vivió momentos...
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what's going on with ftx now? >> not i don't that ftx exists. they've recovered money. the folks employed there are flow longer involved with the company. it's really not a player in the crypto space any longer. crypto is still alive and well and kicking. bitcoin's at $70,000. it hasn't had any impact necessarily on the price of the coin itself or the industry overall. but ftx is no longer. >> is he going to have the chance to try to shorten the sentence? >> i would imagine so. michael milken was convicted and sentenced to 24 months, got out in 22. elizabeth holmes may be able to also shorten her sentence. bernie madoff died in prison, so that -- many ways is a moot point. yeah, i suspect he might. my preference was that he serve the full time. this is -- this was a big fraud. one of the biggest frauds in the history of financial markets. and so you know, i think it's certainly a fair sentence, my own opinion, not a legal opinion. but you know, he did use nor money and did lose investor money and used it not only to live high on the hog, he made political donations, phi
what's going on with ftx now? >> not i don't that ftx exists. they've recovered money. the folks employed there are flow longer involved with the company. it's really not a player in the crypto space any longer. crypto is still alive and well and kicking. bitcoin's at $70,000. it hasn't had any impact necessarily on the price of the coin itself or the industry overall. but ftx is no longer. >> is he going to have the chance to try to shorten the sentence? >> i would imagine...
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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...
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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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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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>> it doesn't seem like he's got the money personally, but the attorneys who are in charge of ftx now who are running the bankruptcy, they've come out and said we've been scouring the world for assets. we found a lot of them. we think we will be able to repay the customers. a lot of that is actually because crypto has been booming lately, and sam's assets included a lot of like random coins that he wasn't able to sell when customers wanted their money back. the bankruptcy estate held onto those and has gained billions of dollars on its crypto holdings, but the judge addressed that in court today, and he said, listen, to put it colloquially, it's as if you went in and robbed a bank, you took the money to a casino in las vegas, you gambled with it, you won. i don't care, you still robbed the bank. >> that's an interesting analogy. so what does this mean for crypto overall, do you think, or does it mean anything for crypto overall? >> it means a lot of people who thought it was a legitimate long-term investment or a hedge for inflation, those people -- those people really lost. they lost
>> it doesn't seem like he's got the money personally, but the attorneys who are in charge of ftx now who are running the bankruptcy, they've come out and said we've been scouring the world for assets. we found a lot of them. we think we will be able to repay the customers. a lot of that is actually because crypto has been booming lately, and sam's assets included a lot of like random coins that he wasn't able to sell when customers wanted their money back. the bankruptcy estate held onto...
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sam bankman-fried, the former ceo of ftx, seen as the legitimate face of the cryptocurrency industry, now sentenced to 25 years, capping off what prosecutors call one of the largest financial frauds in u.s. history, ordering him to forfeit $11 billion, recommending jail in the san francisco bay area the defense team, key lawyer, said there will be an appeal we also have a statement from sam bankman-fried's family saying we are heart broken and will continue to fight for our son. the judge today talked about the enormous harm sam bankman-fried did, and his exceptional flexibility with the truth and an apparent lack of any real remorse, which we got some of the reasoning behind his sentencing one of the key parts, perjury and lack of remorse played into the sentencing >> what was the emotion in the courtroom? you were outside as people were leaving, but what was the emotion from his parents >> reporter: from his parents, i was face to face with his parents as they walked out we were asking for a comment they said, please respect our space and our time here. they did kind of pause for a
sam bankman-fried, the former ceo of ftx, seen as the legitimate face of the cryptocurrency industry, now sentenced to 25 years, capping off what prosecutors call one of the largest financial frauds in u.s. history, ordering him to forfeit $11 billion, recommending jail in the san francisco bay area the defense team, key lawyer, said there will be an appeal we also have a statement from sam bankman-fried's family saying we are heart broken and will continue to fight for our son. the judge today...
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Mar 28, 2024
03/24
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. >>> bay area native sam bankman-fried guilty of fraud and conspiracy after the collapse of ftx. coming up , the sentence just handed out. >>> her mother died from a botched surgery but california law severely limited amateur family could get from a medical malpractic here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. >>> this just in. a federal judge has sentenced sam bankman-fried to 25 years in prison for his role in the collapse of a digital currency exchange , ftx. the 32-year-old was convicted of fraud and conspiracy last november. for siphoning off people's deposits. is spending included purchases of luxury properties, flights on private jets and lar
. >>> bay area native sam bankman-fried guilty of fraud and conspiracy after the collapse of ftx. coming up , the sentence just handed out. >>> her mother died from a botched surgery but california law severely limited amateur family could get from a medical malpractic here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it...
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Mar 28, 2024
03/24
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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....
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Mar 28, 2024
03/24
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. >>> ftx founder sam bankman-fried has been sentenced to 25 years in prison. he was found guilty in november of orchestrating the multibillion dollar fraud that prompted the collapse of the ftx cryptocurrency exchange. he illegally used the money to cover his lavish lifestyle, including buying luxury property in the caribbean and flying on private jets. >>> power players, presidents obama and clinton answering the call from the current commander in chief. the fund-raising event to back joe biden for the re-election. that's next when "andrea mitchell reports" is back in 60 seconds. stay with us. you are watching msnbc. s fast and lasts a full 24 hours so dave can be the... deliverer of dance. ok, dave! let's be more than our allergies. zeize the day with zyrtec. it's hard to explain what this feels like. ♪♪ moving piles of earth. towing up to 4,000 lbs. cutting millions of blades of grass. nothing compares to experiencing it for yourself. you just have to get in the seat. hi, i'm katie. i live in flagstaff, arizona. i'm an older student. i'm getting my doct
. >>> ftx founder sam bankman-fried has been sentenced to 25 years in prison. he was found guilty in november of orchestrating the multibillion dollar fraud that prompted the collapse of the ftx cryptocurrency exchange. he illegally used the money to cover his lavish lifestyle, including buying luxury property in the caribbean and flying on private jets. >>> power players, presidents obama and clinton answering the call from the current commander in chief. the fund-raising...