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Mar 29, 2024
03/24
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FBC
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next one for you, jonathan, disgraced ftx founder sam bankman-fried got 25 years in prison for his financial fraud. do the crypto markets care? have we beyond sbf? >> indeed, ashley. almost reminds me back in 2004 when it was -- excuse me, in 2014 when it was mount gox was the crypto blowup of the ere arrowhead and it survive that had and it'll survive sbf. it was new technology but very old time fraud. very traditional old fraud and justice was served. whether you want to buy crypto or not, ashley, it's a different story. only 2% of the people that own crypto use it as a currency but sbf, justice is served and new technology and old fraud to the whose house he goes. ashley: very quickly. it's been a pretty darn good first quarter and s&p gaining 10% and nasdaq 9 and dow 5.5 and new quarter begins monday. can we keep this no mentum? >> i think it's in new areas of the market, ashley. i'm looking at areas like natural gas for example, scg isen etf i like that's off the radar screen play. the big tech names that have led the market for the last five years and look, international paper at a new
next one for you, jonathan, disgraced ftx founder sam bankman-fried got 25 years in prison for his financial fraud. do the crypto markets care? have we beyond sbf? >> indeed, ashley. almost reminds me back in 2004 when it was -- excuse me, in 2014 when it was mount gox was the crypto blowup of the ere arrowhead and it survive that had and it'll survive sbf. it was new technology but very old time fraud. very traditional old fraud and justice was served. whether you want to buy crypto or...
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Mar 29, 2024
03/24
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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
03/24
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KTVU
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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...
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Mar 29, 2024
03/24
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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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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 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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Mar 29, 2024
03/24
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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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Mar 29, 2024
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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...
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Mar 29, 2024
03/24
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. >>> ftx founder sam bank man fried will spend 25 years in prison. in november, a jury found him guilty on several criminal charges. prosecutors said he robbed ftx customers of billions of dollars to make risky bets. he's previously said he plans to appeal the connection, but he did apologize in court today, saying he made selfish decisions. no word yet on where bankman-fried will serve his sentence. >>> the california attorney general's office is suspending its criminal investigation into the former windsor mayor. he resigned as windsor's mayor back in 2021, six weeks after more than a dozen women accused him of sexually assaulting them. today, a spokesperson for the attorney general released a statement to the sf chronicle and says investigators do not have enough evidence to file charges. but the investigation remains open and they encourage any potential witnesses to come forward. he has denied all accusations. >>> bart says it plans to have more officers patrolling trains. arrests increased 62% last year compared to 2022. bart officers logged 72
. >>> ftx founder sam bank man fried will spend 25 years in prison. in november, a jury found him guilty on several criminal charges. prosecutors said he robbed ftx customers of billions of dollars to make risky bets. he's previously said he plans to appeal the connection, but he did apologize in court today, saying he made selfish decisions. no word yet on where bankman-fried will serve his sentence. >>> the california attorney general's office is suspending its criminal...
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Mar 29, 2024
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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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Mar 29, 2024
03/24
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KRON
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. >> ftx founder sam bankman-fried has been sentenced to 25 years in prison just 2 years ago. the palo alto native was a tightening in the crypto industry. but customers lost billions of dollars when exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say bankman-fried cost investors more than 10 billion dollars by misappropriating the money to cover his expenses. a man suspected of cutting down telephone wires and disrupting internet access for residents richmond is behind bars. >> police say that while searching his car, they found stolen wired and tools. tnt estimates the damage to the phone lines to be more than $20,000. there's real crisis here in california. >> up nexte what lawmakers are now doing to try to solve the home insurance crisis. >> plus, why state officials say they are suspending assault investigations involving a former north bay involving a former north bay norman, bad news... i never graduated from med school. what? but the good news is... xfinity mobile just got even better! now, you can au
. >> ftx founder sam bankman-fried has been sentenced to 25 years in prison just 2 years ago. the palo alto native was a tightening in the crypto industry. but customers lost billions of dollars when exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say bankman-fried cost investors more than 10 billion dollars by misappropriating the money to cover his expenses. a man suspected of cutting down telephone wires and...
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Mar 29, 2024
03/24
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crypto king sentenced to 25 years in prison after being found guilty for his role in the collapse of ftx after the -- his rambling attempt at an apology today in court, a judge ripped the fallen mogul as a remorseless scammer obsessed with power, saying he knew it was criminal, he regrets that he made a very bad bet about the likelihood of being caught. the biden administration says it stopping the release of a title ix rule allowed... until after the election. source telling the washington post the white house is holding up because it seems to be too much of a hot topic. former president trump has vowed to ban athletes who identify as transgender from competing outside of their biological sex. >>> small businesses in california are facing twin threats of crime and the state government that is consistently making it harder for them to stay in business. let's bring in a restaurant owner... along with the owner of no hope of printing and graphics. a 30-year-old business destroyed by crime and a swat raid. it is carlos pain you, thank you for coming on, we appreciate it. we have two thanks
crypto king sentenced to 25 years in prison after being found guilty for his role in the collapse of ftx after the -- his rambling attempt at an apology today in court, a judge ripped the fallen mogul as a remorseless scammer obsessed with power, saying he knew it was criminal, he regrets that he made a very bad bet about the likelihood of being caught. the biden administration says it stopping the release of a title ix rule allowed... until after the election. source telling the washington...
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Mar 29, 2024
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. >>> sentencing day for troubled ftx owner, sam bankman-fried. he will spend 25 years in prison for his part in bringing down the cryptocurrency exchange. he rubbed customers of as much is $8 million to make risky bets. he previously signaled he plans to appeal the conviction but he did apologize in court today, saying he made quote, selfish decisions that haunt him every day. no word yet on where he will serve his sentence. meantime, his parents, both longtime stanford professors, are battling a lawsuit from his old company. ftx sued the parents to clawback funds to repay its customers as the company goes through bankruptcy. sam bankman-fried's parents are accused of getting rich off the company, receiving $26 million in gifts and property. as far as what is left of ftx, nobodies or investors were willing to put up enough money to rebuild the exchange so they plan to liquidate. the company is planning to get customers there running -- money back and has already collected $7 billion. so far, the process is slow going, as ftx needs to verify which
. >>> sentencing day for troubled ftx owner, sam bankman-fried. he will spend 25 years in prison for his part in bringing down the cryptocurrency exchange. he rubbed customers of as much is $8 million to make risky bets. he previously signaled he plans to appeal the conviction but he did apologize in court today, saying he made quote, selfish decisions that haunt him every day. no word yet on where he will serve his sentence. meantime, his parents, both longtime stanford professors,...
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Mar 29, 2024
03/24
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KRON
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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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Mar 29, 2024
03/24
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KGO
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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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Mar 29, 2024
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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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Mar 29, 2024
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KRON
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ftx founder sam bankman-fried. you see him there. he will be in prison. we learned today for the next quarter century. the cryptocurrency fraud case is considered one of the biggest white collar crimes in american history. spf as he's known, received a sentence of 25 years today. just 2. ago, the palo alto native flaws, a titan in the crypto industry as ceo of ftx. however, customers lost billions of dollars when his exchange collapsed last november break been freed was convicted of fraud, conspiracy and money laundering related to the cryptocurrency exchange. prosecutors say he cost investors more than 10 billion dollars by misappropriating the money to cover other expenses. >> police believes stepped up safety measures across at stations are making a big difference for riders. officials releasing new data showing the effectiveness of its safe and clean plan as kron four's theresa stasi reports. felony arrests on bart are up 62% from last year. >> bart police chief kevin franklin saying that he's applauding this new data saying that it is a reflection of
ftx founder sam bankman-fried. you see him there. he will be in prison. we learned today for the next quarter century. the cryptocurrency fraud case is considered one of the biggest white collar crimes in american history. spf as he's known, received a sentence of 25 years today. just 2. ago, the palo alto native flaws, a titan in the crypto industry as ceo of ftx. however, customers lost billions of dollars when his exchange collapsed last november break been freed was convicted of fraud,...
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Mar 29, 2024
03/24
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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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Mar 28, 2024
03/24
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you just need ftx, bankman fried accused of misusing more than $8 billion of customer money to cover losses at his hedge fund. pay off loans and buy lavish real estate, among other personal expenses. victims speaking out in court, including london based tech investor sunil khavari, saying he suffered every day and that money he wanted to spend on a family home was taken away. in a rambling statement. bankman freed telling the judge he failed everyone and everything he cares about the defense, arguing he's quirky, not conniving, pointing to this interview with abc's george stephanopoulos to argue bankman-fried has accepted responsibility. >> but you're ultimately responsible and ultimately absolutely. >> like i look, i should have been on top of this, and i feel really, really bad and regretful that i wasn't. and a lot of people got hurt. >> prosecutors had wanted a sentence twice as long as he got . the judge also says bankman-fried must forfeit $11 billion that the government can use to compensate victims. the judge saying the 25 year sentence is meant to disable him from the abilit
you just need ftx, bankman fried accused of misusing more than $8 billion of customer money to cover losses at his hedge fund. pay off loans and buy lavish real estate, among other personal expenses. victims speaking out in court, including london based tech investor sunil khavari, saying he suffered every day and that money he wanted to spend on a family home was taken away. in a rambling statement. bankman freed telling the judge he failed everyone and everything he cares about the defense,...
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Mar 28, 2024
03/24
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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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Mar 28, 2024
03/24
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KRON
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. >> the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by miss appropriating the money to cover his own expenses, which include purchasing luxury properties in the caribbean. so divers are trying now to recover the remains of the 4 construction workers after a bridge collapsed in baltimore. so far 2 victims have been recovered from the river. the men were repairing potholes on the francis scott key bridge early tuesday morning when it collapsed, a container ship lost power and crashed into a column holding the bridge. it's still not clear why it lost power. the national transportation safety board says the ship was carrying 56 containers of hazardous materials. >> some of the hazmat containers were breached. we have seen a sheer are seen sorry sheen on waterway, the federal state and local authorities are aware of that and they be i
. >> the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by miss appropriating the money to cover his own expenses, which include purchasing luxury properties in the caribbean. so divers are trying now to recover the remains of the 4 construction workers after...
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Mar 28, 2024
03/24
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KRON
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the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when the exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by ms appropriating the money to cover his expenses, which included purchasing luxury properties in the caribbean. the judge did say he would advise the federal bureau of prisons to sent him to a medium security prison or last near the san francisco bay area. because he's unlikely to be a physical threat to other inmates or prison staff and his autism and social awkwardness would make him vulnerable to other inmates in a high security location. we're taking a look outside. nice wide look here at san francisco right now, enjoying some sun today. a little rain yesterday break today. morris coming tomorrow. coast letting us know what's happened. i think you just said the weather. do you need me? >> we actually do still have some showers out there right now. but yes, more will be ex
the palo alto native was a titan in the crypto industry as the ceo of ftx. but customers lost billions when the exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering. prosecutors say that he cost investors more than 10 billion dollars by ms appropriating the money to cover his expenses, which included purchasing luxury properties in the caribbean. the judge did say he would advise the federal bureau of prisons to sent him to a medium security...
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0.0
Mar 28, 2024
03/24
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history exchange ftx. kelly o'grady live with this story. you had breaking right right and left, did the judge slam sam bankman-fried has a scam artist obsessed with political power? it looks like he is 100 million and soleimani for political donations. >> the judge was very intense and the political donations, i came up so much. the campaign finance violations, it's not something he was charged with but at the come up as evidence edit early was it focus today in sentencing. u.s. attorney damien williams that underscores that, his deliberate ongoing lies demonstrated brazen disregard for customers expectations and disrespect for the rule of law also that he could secretly use customers money to expand his own power and influence. the judge underscored power and influence, he used it as a reason he didn't believe crypto act, he said it was a lie and a new what he was doing with the customer money. york law, it's all about intent so sam bankman-fried will serve 25 year sentence in a medium security prison that is the recommendation as of now.
history exchange ftx. kelly o'grady live with this story. you had breaking right right and left, did the judge slam sam bankman-fried has a scam artist obsessed with political power? it looks like he is 100 million and soleimani for political donations. >> the judge was very intense and the political donations, i came up so much. the campaign finance violations, it's not something he was charged with but at the come up as evidence edit early was it focus today in sentencing. u.s. attorney...
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Mar 28, 2024
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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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Mar 28, 2024
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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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just 2 short years ago, the palo alto native was a titan in the crypto industry as ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering related to the cryptocurrency exchange. prosecutors say bankman-fried cost investors over 10 billion dollars but misappropriating the money to cover his own expenses, which included purchasing luxury properties in the caribbean. city. officials in trying to fix an accounting error after more than $100,000 earmarked for affordable housing was spent on a lawsuit. that lawsuit was filed last year by housing advocates against the city's noncompliance state mandated housing plan. the city used about $165,000 from the 5 million dollar fund for the lawsuit. in the east bay, the east bay spca got $50,000 to help more animals. the organization says most of the money will go towards the hold for home program. a crisis boarding program for pets whose owners are experiencing a short-term crisis. and the goal here is to give pet owners time to get on their fe
just 2 short years ago, the palo alto native was a titan in the crypto industry as ceo of ftx. but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering related to the cryptocurrency exchange. prosecutors say bankman-fried cost investors over 10 billion dollars but misappropriating the money to cover his own expenses, which included purchasing luxury properties in the caribbean. city. officials in trying to fix...
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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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and still ahead on the kron 4 morning news ftx founder and bay area native sam bankman-fried has been sentenced in his role in the cryptocurrency fraud. will have that in a moment. >> plus, a family continues mourning the loss of a man who was shot and killed at a playground 2 years ago in san francisco. police are still trying to figure out who did it. >> san francisco is ready for the boss. they just rename the street outside of the chase center has long bruce springsteen and the e street band i because some simple, you know, all all of the e-street skew behind. james, where were you anyway? the bosses perform to put this off. but its chase center tonight and sunday sold out by a long shot. i know when you put up my brothers going, but you know what? we a terrible rather i'm not going to not know. is that enough for because precinct got sick. he had this peptic ulcer thing going on. and so now he's going to do a show about that. well, and here's some more known what i want his weather. the weather is going to be fine for those that are driving out to the chase ended this weekend. jo
and still ahead on the kron 4 morning news ftx founder and bay area native sam bankman-fried has been sentenced in his role in the cryptocurrency fraud. will have that in a moment. >> plus, a family continues mourning the loss of a man who was shot and killed at a playground 2 years ago in san francisco. police are still trying to figure out who did it. >> san francisco is ready for the boss. they just rename the street outside of the chase center has long bruce springsteen and the...
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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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. >>> 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...
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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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ashley: you know what's interesting, adam, when this happened, ftx collapse, there were a lot of people that said, you know what, this is -- could be really bad news for crypto, the credibility. that hasn't been the case. >> no, look at bitcoin trading at all time highs but i tell you, it was brutal for so many of us. i lost a lot of money. i was long silicon valley bank shares and silver gate. it was painful. i never thought that the ripple effect of what was happening down there in the bahamas was going to be so extreme, and it was. so a lot of us lost a lot of money on this whole thing. by the way, the fact that he now is going to have to serve 20 years, it doesn't feel good, it doesn't bring back the money i lost myself and that i lost for clients. but it does -- it keeps people honest and that's what's important. ashley: i'm being told, adam, this is the been a correction. it's 25 years so you can add on another 5. let's bring in kelly o'grady outside the courthouse with the very latest. kelly. kelly reporter: that's right, ashley. i can confirm it is 25 years and my producer ran n
ashley: you know what's interesting, adam, when this happened, ftx collapse, there were a lot of people that said, you know what, this is -- could be really bad news for crypto, the credibility. that hasn't been the case. >> no, look at bitcoin trading at all time highs but i tell you, it was brutal for so many of us. i lost a lot of money. i was long silicon valley bank shares and silver gate. it was painful. i never thought that the ripple effect of what was happening down there in the...
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it was the ceo of ftx, but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering related to cryptocurrency exchange. prosecutors are asking for up to 50 years in prison. his lawyers want no more than 6 and have said they plan to appeal. city officials in cupertino are trying to fix an accounting error after more than $100,000 in affordable housing money was spent on a housing lawsuit. that lawsuit was filed last year by housing advocates against the city's non compliant state mandated housing plan, the funds which was roughly about 5 million dollars and is funded by developer. impact fees is supposed to be used for affordable housing development. but instead the city used about $165,000 of it. for the lawsuit and its related expenses. >> time now is 8.26. in the east bay $50,000 is helping east bay spca humane society. the advocacy programs to prevent pets from being surrendered. they say most of the money is going to go to the hold for home program. that is a crisis boarding program for pets wh
it was the ceo of ftx, but customers lost billions when his exchange collapsed last november. bankman-fried was convicted of fraud, conspiracy and money laundering related to cryptocurrency exchange. prosecutors are asking for up to 50 years in prison. his lawyers want no more than 6 and have said they plan to appeal. city officials in cupertino are trying to fix an accounting error after more than $100,000 in affordable housing money was spent on a housing lawsuit. that lawsuit was filed last...
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billion in customer funds that he loss as a result of the spectacular collapse of that crypto exchange, ftx. now, when it comes to just the overall recap here, we have to rewind to about four months ago, when sbf was found guilty of seven charges including fraud and conspiracy. the prosecutors are arguing he should get 40 to 50 years in prison as a result of this. they are citing the tens of thousands of victims that were part of this collapse and they also said in a statement, quote, he stole money from customers who entrusted it to him. he lied to investors. he pumped millions of dollars political donations to our system and he bribed officials. his attorneys are asking he's deep down inside a good person, he has mental health issues. where does the judge lie in that? we'll find out later on this morning. >> what about the victims? you mentioned tens of thousands who lost their money? any hope that they'll get it back? >> ftx collapsed in 2022, and there's an administrator trying to figure out whether or not they can recuperate the money customers lost in that fund. for what it's worth, c
billion in customer funds that he loss as a result of the spectacular collapse of that crypto exchange, ftx. now, when it comes to just the overall recap here, we have to rewind to about four months ago, when sbf was found guilty of seven charges including fraud and conspiracy. the prosecutors are arguing he should get 40 to 50 years in prison as a result of this. they are citing the tens of thousands of victims that were part of this collapse and they also said in a statement, quote, he stole...
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ftx and the billions of customer deposits that went missing. prosecutors want 50 years in prison. his lawyers are pushing for around 5. well, the federal trade commission has been investigating tiktok over its privacy and data security. the commission looking into allegations that tiktok and its chinese parent bytedance deceived u.s. users by denying the people in china had access to their data and also possibly violated children's privacy laws. well, the majority of americans, nearly 60% of people surveyed with annual incomes of more than $250,000. so the maximum price they are willing to pay out of pocket for weight loss, drugs is more than $300 a month. only about 4% of people with incomes of less than 75,000 said the same thing. that's according to evercore isi. the weight-loss trends are running about $1000 a month before discounts and a dozen eggs around $3 on average for the federal reserve. that's down from that record of january 2023 of near $5. but it is still double where we were pre-pandemic and even if the prices aren't as eye-popping as it were a year ago, they still
ftx and the billions of customer deposits that went missing. prosecutors want 50 years in prison. his lawyers are pushing for around 5. well, the federal trade commission has been investigating tiktok over its privacy and data security. the commission looking into allegations that tiktok and its chinese parent bytedance deceived u.s. users by denying the people in china had access to their data and also possibly violated children's privacy laws. well, the majority of americans, nearly 60% of...
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. >> you just need ftx! >> reporter: ftx collapsed in 2022. bankman-fried siphoned billions in funds. that was to keep a privately controlled hedge fund solvent. prosecutors say he deserves as much as 50 years in prison. his attorneys have asked for a sentence of no more than six years pointing to this interview with george stephanopoulos to argue bankman-fried has accepted responsibility. >> you're ultimately responsible? >> ultimately, absolutely. look, i should have been on top of this and i feel really bad and regretful that i wasn't. lot of people got hurt. that's on me. >> reporter: but prosecutors accuse bankman-fried of gambling repeatedly with other people's money and pushed for a stiff sentence because of his unmatched greed. defense attorneys saying he's quirky, not conniving. sam is not the evil genius depicted in the media or the greedy villain described at trial. >> the state is seeking a number of enhancements to his current sentence. what they're saying is he violated public trust. which is a
. >> you just need ftx! >> reporter: ftx collapsed in 2022. bankman-fried siphoned billions in funds. that was to keep a privately controlled hedge fund solvent. prosecutors say he deserves as much as 50 years in prison. his attorneys have asked for a sentence of no more than six years pointing to this interview with george stephanopoulos to argue bankman-fried has accepted responsibility. >> you're ultimately responsible? >> ultimately, absolutely. look, i should have...
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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...
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his legal team is pointing to ftx's bankruptcy. estate and how the company expects to fully pay back those customers. bankman-fried says he plans to appeal his conviction and sentence. live in the studio, gloria rodriguez, abc seven news, kumasi. >> thank you gloria. developing news in pacifica, where an investigation is underway after police shot and killed a woman whose adult son says that she shot him first. police say that man called 911 from an apartment on francisco boulevard yesterday morning. when officers got there, they say the woman was trying to leave and then pulled a gun on them. they shot her and she later died. neighbors say it was so loud. they originally thought it was construction work . >> everybody says it's a pop, pop, pop like a firework. this was not a pop pop, pop. it was more like a bang, bang, bang. like dropping the heavy equipment that they use, you know, below me and i was like, what are they doing this morning at the apartment, a ford escape could be seen with at least five bullet holes in the driver'
his legal team is pointing to ftx's bankruptcy. estate and how the company expects to fully pay back those customers. bankman-fried says he plans to appeal his conviction and sentence. live in the studio, gloria rodriguez, abc seven news, kumasi. >> thank you gloria. developing news in pacifica, where an investigation is underway after police shot and killed a woman whose adult son says that she shot him first. police say that man called 911 from an apartment on francisco boulevard...
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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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ftx a collapsed in late 2022. he siphoned billions in customer funds from ftx to keep his privately controlled hedge fund afloat. prosecutors say he gambled repeatedly with other people's money in the tune of $8 billion dollars. he faces between 40 and 50 years in prison. but his lawyers are requesting no more than six years. they say this interview with george stephanopoulos is proof that he's already accepted responsibility. >> but you're ultimately responsible and ultimately, absolutely. >> like i look, i should have been on top of this, and i feel really, really bad and regretful that i wasn't. and a lot of people got hurt and that that's on me. >> the son of two stanford law professors, bankman-fried was born on the campus of stanford university defense attorneys say he is quirky, not conniving, and will say he deserves a chance to become a humanitarian and a philanthropist. the sentencing is scheduled for today in manhattan. live in the studio gloria rodriguez, abc seven news kumasi. >> thank you. gloria. a
ftx a collapsed in late 2022. he siphoned billions in customer funds from ftx to keep his privately controlled hedge fund afloat. prosecutors say he gambled repeatedly with other people's money in the tune of $8 billion dollars. he faces between 40 and 50 years in prison. but his lawyers are requesting no more than six years. they say this interview with george stephanopoulos is proof that he's already accepted responsibility. >> but you're ultimately responsible and ultimately,...
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and that's on me. >> his legal team also pointing to ftx bankruptcy estate and how the company expects to fully pay back those customers. but experts say the massive impact of his fraud on the public could decide the number of years or decades he spends behind bars. >> the state is seeking a number of enhancements to his current sentence, and what they're saying is that he violated public trust, which is an enhancement. he affected more than 25 people significantly in a financial way. >> bankman-fried says he plans to appeal his conviction and sentence antiwar sentiment is growing here in the u.s. as israel prepares for a possible new ground invasion in gaza, a new gallup poll shows 55% of americans disapprove of israel's military action. >> experts have been warning that palestinians are now facing famine. abc's britt clennett spoke with a unicef official who says the children of gaza are trapped in a cycle of suffering. >> you lie in bed and you just hear, and your building shakes and it feels like you're lying in a coffin. you just don't know what's going to happen if you're going t
and that's on me. >> his legal team also pointing to ftx bankruptcy estate and how the company expects to fully pay back those customers. but experts say the massive impact of his fraud on the public could decide the number of years or decades he spends behind bars. >> the state is seeking a number of enhancements to his current sentence, and what they're saying is that he violated public trust, which is an enhancement. he affected more than 25 people significantly in a financial...
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bankman fried is the former ceo of the cryptocurrency platform ftx. a jury convicted him in november on charges of wire fraud, wire fraud, conspiracy and conspiracy to commit money laundering. prosecutors say more than $8 billion of customer money was misappropriated, and bankman-fried faces between 40 and 50 years in prison. >> billion dollar lottery jackpots are starting to become the norm, and after tonight's powerball drawing, we might be in for another one. no tickets matched all six of tonight's powerball numbers. here they are, 37, 46, 57, 60, 66 and the bonus number eight. no winner. tonight means the jackpot will roll over once again, and could push the pot for saturday's drawing to about a billion dollars. well, some old tennis courts are new once again. after a grand reopening today in san francisco, the city unveiled the newly resurfaced bayview hunters point tennis courts. the courts have been shut down and their future uncertain for several years now. they will be used by youth tennis advantage, one of the country's oldest inner city you
bankman fried is the former ceo of the cryptocurrency platform ftx. a jury convicted him in november on charges of wire fraud, wire fraud, conspiracy and conspiracy to commit money laundering. prosecutors say more than $8 billion of customer money was misappropriated, and bankman-fried faces between 40 and 50 years in prison. >> billion dollar lottery jackpots are starting to become the norm, and after tonight's powerball drawing, we might be in for another one. no tickets matched all six...
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Mar 28, 2024
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bankman fried is the former ceo of the cryptocurrency platform ftx. a jury convicted him in november on charges of wire fraud, wire fraud, conspiracy and conspiracy to commit money laundering. prosecutors say more than $8 billion of customer money was misappropriated, and bankman-fried faces between 40 and 50 years in prison. >> billion dollar lottery jackpots are starting to become the norm, and after tonight's powerball drawing, we might be in for another one. no tickets matched all six of tonight's powerball numbers. here they are, 37, 46, 57, 60, 66 and the bonus number eight. no winner. tonight means the jackpot will roll over once again, and could push the pot for saturday's drawing to about a billion dollars. well, some old tennis courts are new once again. after a grand reopening today in san francisco, the city unveiled the newly resurfaced bayview hunters point tennis courts. the courts have been shut down and their future uncertain for several years now. they will be used by youth tennis advantage, one of the country's oldest inner city you
bankman fried is the former ceo of the cryptocurrency platform ftx. a jury convicted him in november on charges of wire fraud, wire fraud, conspiracy and conspiracy to commit money laundering. prosecutors say more than $8 billion of customer money was misappropriated, and bankman-fried faces between 40 and 50 years in prison. >> billion dollar lottery jackpots are starting to become the norm, and after tonight's powerball drawing, we might be in for another one. no tickets matched all six...
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Mar 28, 2024
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facing up to 110 years in prison after being convicted last november of fraud and other crimes after his ftx cryptocurrency exchange went bankrupt. 's attorneys are arguing for a five or six year sentence, given his lack of criminal history. bankman-fried is being held at the brooklyn detention facility. >>> san jose is using artificial intelligence to fix some of its most noticeable problems but the bay area's biggest city is also getting a i advice from the white house. here's tech reporter scott budman. >> reporter:, from job creation, to fixing traffic problems, local leaders from both here in the bay area, and across the country, are trying to tap into ai, to figure out how the technology might help their cities. today, we heard from local governments and the white house just how that might happen. >> reporter: san jose has already gone on record, in saying it plans to use a i to help fight traffic and homelessness. >> together, we can craft a good and responsible policy, here, and do advocacy together, but also, make sure that we are actually adopting and using new technology effective
facing up to 110 years in prison after being convicted last november of fraud and other crimes after his ftx cryptocurrency exchange went bankrupt. 's attorneys are arguing for a five or six year sentence, given his lack of criminal history. bankman-fried is being held at the brooklyn detention facility. >>> san jose is using artificial intelligence to fix some of its most noticeable problems but the bay area's biggest city is also getting a i advice from the white house. here's tech...
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Mar 22, 2024
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operation broken heart the target men accused of trying to engage children in ftx acts and one of the men arrested was a local high school teacher. we bring in jody hernandez who has more on the story. >> again the sting was called operation broken heart and it took place over five days now officers posing as children went online hoping to find and identify sexual predators and it works. six men in all engage in chats with those officers and they thought they were having conversations with 13-year-old girls in one case a 13-year-old boy and most of those men arrange to have meet ups for sex but when they arrived there were some meeting places in danville and an apartment complex and a park and instead of fighting children they found officers. all six men were arrested. >> jodi, six men one of the men was a haywood high school teacher. any response from the school, parent or student about this arrest? >> reporter: that is right. one of the men is or was a substitute 10th grade english teacher at tennyson high school in hayward. we did talk to a district spokesperson over there. apparen
operation broken heart the target men accused of trying to engage children in ftx acts and one of the men arrested was a local high school teacher. we bring in jody hernandez who has more on the story. >> again the sting was called operation broken heart and it took place over five days now officers posing as children went online hoping to find and identify sexual predators and it works. six men in all engage in chats with those officers and they thought they were having conversations...