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so has the market put the ftx fiasco behind it? let's bring in natalie brunell. natalie, thanks so much for being with us today, always good to see you. >> it's great to see you, kelly. thanks so muchful can. kelly: okay. so so right off the bat, i've got to get your reaction to the sbf sentencing. i've heard all sorts of, oh, it was too much, it was too little. what do you think, 25 years? >> look, i'm just glad the whole trial is behind us. i hope ftx customers get as much money back as possible, and honestly, i just hope people learn the very important lesson that bitcoin and crypto are very different, and i can't help but think that if sbf just had laser eyes and focused on bitcoin and avoided all the leverage and counterfeiting money through all coin, then he'd be enjoying a new all-time high instead of looking forward to prison in his 50sful. [laughter] kelly: yeah. he would be enjoying an all-time high, and actually that was one of the reasons why the judge said, yeah, you know, there's harm here. because customers are getting paid back, but they're gettin
so has the market put the ftx fiasco behind it? let's bring in natalie brunell. natalie, thanks so much for being with us today, always good to see you. >> it's great to see you, kelly. thanks so muchful can. kelly: okay. so so right off the bat, i've got to get your reaction to the sbf sentencing. i've heard all sorts of, oh, it was too much, it was too little. what do you think, 25 years? >> look, i'm just glad the whole trial is behind us. i hope ftx customers get as much money...
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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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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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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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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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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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. >>> 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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prosecutors say he stole nearly $11 billion from customers of the ftx crypto exchange. ktvu lamonica peters explains how the prison sentence sends a message to other white collar criminals. >> okay, guys, come this way. >> 32 year old sam bankman-fried was sentenced to 25 years behind bars thursday after defrauding crypto investors and customers of over $11 billion. >> this shows that, several regulators are very serious about providing a good and well established and well secured trading environment to crypto. >> bankman-fried has also been ordered to repay his victims. doctor julian vogel is an assistant professor of finance at san jose state university. >> whenever he gets out of prison, he will still, for the majority of his life or for the remainder of his life, be working to pay back or to pay this essentially this fine, which will severely limits his ability to do bad in the future. as was one of the judge's big concern, federal prosecutors had asked for a 40 to 50 year sentence. >> white collar crime prison consultant justin paperny believes u.s. district judge
prosecutors say he stole nearly $11 billion from customers of the ftx crypto exchange. ktvu lamonica peters explains how the prison sentence sends a message to other white collar criminals. >> okay, guys, come this way. >> 32 year old sam bankman-fried was sentenced to 25 years behind bars thursday after defrauding crypto investors and customers of over $11 billion. >> this shows that, several regulators are very serious about providing a good and well established and well...
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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
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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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investigation, tom vacar, ktvu, fox two news sam bankman-fried, the founder of former crypto giant ftx, was sentenced today to 25 years in prison in new york. >> he was found guilty last november of misappropriating funds and for defrauding investors and customers out of billions of dollars. bankman-fried is also required to pay more than $11 billion, which is essentially a formality . after ftx went bankrupt and tanked his billionaire status as a former us attorney spoke with fox business and said that he believes today's sentence was not long enough. >> he's going to do about 15 years, maybe less. yeah, i think the sentence should have been way closer to the 40 or 50 that the government asked for in the case to judge kaplan. >> other experts, though, say a 25 year sentence is essentially the same thing as throwing the book at him. considering that bankman-fried is just 32 years old, he said today he was sorry that he made a lot of bad decisions, but he never admitted fault. bankman-frieds legal team will likely file an appeal. alright, a winter weather advisory, in effect for the gre
investigation, tom vacar, ktvu, fox two news sam bankman-fried, the founder of former crypto giant ftx, was sentenced today to 25 years in prison in new york. >> he was found guilty last november of misappropriating funds and for defrauding investors and customers out of billions of dollars. bankman-fried is also required to pay more than $11 billion, which is essentially a formality . after ftx went bankrupt and tanked his billionaire status as a former us attorney spoke with fox...
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Mar 29, 2024
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earlier today former ftx ceo sam bateman freed was sentenced to 25 years in prison, really, which means he will finally get his wish of being publicly traded. let's do a monologue, are we coming apart at the seams because of democrat regimes when important stuff gets neglected it falls apart as expected escaping the failed city of baltimore got a bit harder this week after a freighter prout -- ploughed into the francis scott key bridge and as far as metaphors go that's more on the nose than the hunter biden powder snobs we are piecing together what happened but already activists sprung into action a writer at one website says once it is rebuilt the bridge should be renamed after a prominent african-american instead of the white guy who wrote the star-spangled banner but once owned slaves they could replace it with p. diddy he also wrote songs and also owned slaves. so with president biden pledging taxpayer money to rebuild it everyone will be on the hook for the privilege of erasing francis scott key and with that kind of focus on useless virtue signalling it's no surprise that things a
earlier today former ftx ceo sam bateman freed was sentenced to 25 years in prison, really, which means he will finally get his wish of being publicly traded. let's do a monologue, are we coming apart at the seams because of democrat regimes when important stuff gets neglected it falls apart as expected escaping the failed city of baltimore got a bit harder this week after a freighter prout -- ploughed into the francis scott key bridge and as far as metaphors go that's more on the nose than the...
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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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how did ftx come crumbling down? >> sure, um, so just 18 months ago, sam blankman freed was a -- sam bankman-fried was a huge starn the business world. he ran a cryptocurrency exchange ftx, which was basically a platform where you could take your dollars and spend them to buy bitcoin or ether other cryptocurrencies and you can also store your crypto on the platform. so it kind of operated as a bank as well. and it became really popular as the crypto industry grew and grew. and then in november, 2022 there was essentially a run on a bank, and that exposed a big age billion dollars -- $8 billion hole in the money that ftx was supposed to be holding on behalf of its customers. and that kind of kick started this series of events that kind of brought the whole edifice crashing down. william: and so those people who had quote unquote bank their money in his exchanges, they lost all the money. those are the victims in this case. >> those are sort of one subset of the victims. they're probably the largest subset. um, but the
how did ftx come crumbling down? >> sure, um, so just 18 months ago, sam blankman freed was a -- sam bankman-fried was a huge starn the business world. he ran a cryptocurrency exchange ftx, which was basically a platform where you could take your dollars and spend them to buy bitcoin or ether other cryptocurrencies and you can also store your crypto on the platform. so it kind of operated as a bank as well. and it became really popular as the crypto industry grew and grew. and then in...
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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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Mar 29, 2024
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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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Mar 29, 2024
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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
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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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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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. >>> 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 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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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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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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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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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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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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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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sam bankman-fried went to penthouse to jail cell after the collapse of ftx. >> there are two narratives we are talking about, one that sbf, as he is known, is that he was a criminal mastermind, and the other is that he was a kid over his head. >> yeah, and i think you can guess which theory belongs to the prosecution and which belongs to the defense. the defense says he was a kid that mismanaged money and he was also a victim of the collapse, and they are using his autism as a defense. prosecutors want 50 years, and the defense is asking for 6 1/2. the thing that doesn't help him, he took the stand in his own defense during his trial and it was a disaster. the judge said he showed little if any remorse, which is why his attorneys are trying to differentiate their client from others, and bernie madoff died in prison, and he was sentenced to 150 years. bankman-fried's potential sentence could be this high, and even prosecutors are not asking for that. other comparisons, this is bernie everies, and he got 25 years, and elizabeth holmes got 11. we should know by noon today how long he will
sam bankman-fried went to penthouse to jail cell after the collapse of ftx. >> there are two narratives we are talking about, one that sbf, as he is known, is that he was a criminal mastermind, and the other is that he was a kid over his head. >> yeah, and i think you can guess which theory belongs to the prosecution and which belongs to the defense. the defense says he was a kid that mismanaged money and he was also a victim of the collapse, and they are using his autism as a...
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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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. >>> the former teen of cryptocurrency will learn his fate after the collapse of his exchange, ftx. >> scott, there are two narratives here, one that sam bankman-fried was a criminal mastermind, and the other is that he was a kid in over his head? >> that's right. you can guess which one belongs to the prosecution and which one to the defense. bankman-fried looking at decades in prison, and the defense is trying to reinforce the idea that he didn't steal anybody's money, that he just mismanaged it and he was also a victim of the collapse of the cryptocurrency. the thing that did not help him, he took the stand in his own defense and it was a disaster. the judge is aware sbf shows little, if any, bankman-fried's potential sentence could be very high. and scammer, elizabeth holmes got 11. bankman-fried's sentencing hearing begins shortly and expected to last several hours. we should know today how long he will be behind bars, laura. >> it will be interesting to see. thank you very much. >>> now to decision 2024. the race for the runoff election to fill donna eshoo's seat. the county c
. >>> the former teen of cryptocurrency will learn his fate after the collapse of his exchange, ftx. >> scott, there are two narratives here, one that sam bankman-fried was a criminal mastermind, and the other is that he was a kid in over his head? >> that's right. you can guess which one belongs to the prosecution and which one to the defense. bankman-fried looking at decades in prison, and the defense is trying to reinforce the idea that he didn't steal anybody's money,...
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accused of masterminding a multibillion-dollar fraud that caused the collapse of the ftx crypto currency exchange, found guilty on several charges last november, facing up to 50 years in prison, is expected to appeal the conviction and sentence as well. >> still searching for answers after the horrific bridge collapse in baltimore, the ntsb of the cargo ship that slammed into the francis scott key bridge, investigators are examining the data recorders into inside for what happened in the moments leading up to the crash. and the bodies of two missing workers have been recovered from the scene. the search and recovery effort is now a salvage operation, >> they were found inside a pickup truck at the bottom of the patapsco river and recovery efforts seven put on hold due to the danger posed by the wreckage. >> multiple alarms were recorded on the bridge audio. >> reporter: ntsb investigators spent hours aboard the ship today providing a readout of the terrifying fight leading up to the collision. and retrieved from the ships voyage container or vdr, they may have saved dozens of lives. >> t
accused of masterminding a multibillion-dollar fraud that caused the collapse of the ftx crypto currency exchange, found guilty on several charges last november, facing up to 50 years in prison, is expected to appeal the conviction and sentence as well. >> still searching for answers after the horrific bridge collapse in baltimore, the ntsb of the cargo ship that slammed into the francis scott key bridge, investigators are examining the data recorders into inside for what happened in the...
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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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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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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...