FTX files plan to fully reimburse customers it defrauded of billions
FTX says that nearly all of its customers will receive the money back they are owed, two years after the cryptocurrency exchange imploded.
FTX says that nearly all of its customers will receive the money back they are owed, two years after the cryptocurrency exchange imploded.
Former billionaire Sam Bankman-Fried was convicted for orchestrating a massive financial fraud that led to downfall of crypto trading platform FTX.
Prosecutors wrote in a letter that evidence presented at a second trial would duplicate evidence already shown to the jury in the first trial.
The former billionaire cryptocurrency mogul faces a potential prison term of more than a century following his conviction.
FTX founder and former cryptocurrency billionaire Sam Bankman-Fried has been found guilty on all counts against him, which means he could spend the rest of his life behind bars. CBS New York's Jenna DeAngelis reports. Read more: https://cbsloc.al/45T35Xv
Damian Williams, United States attorney for the Southern District of New York, spoke Thursday evening after Sam Bankman-Fried was found guilty of fraud, conspiracy and money laundering. Read more: https://cbsloc.al/45T35Xv
The former crypto billionaire pleaded not guilty to fraud and money laundering charges in his first court appearance since his bail was revoked.
Sam Bankman-Fried is accused of cheating his customers out of millions of dollars. CBS New York's Elijah Westbrook has the details.
Attorneys had been given a deadline of Monday to serve O'Neal, who they claimed had been avoiding service for several months.
Bankman-Fried is accused of deceiving investors out of millions of dollars before FTX collapsed last November.
A Manhattan judge has extended bail restrictions on the founder of the failed cryptocurrency exchange FTX.
Crypto-currency entrepreneur Sam Bankman-Fried pleaded not guilty Tuesday, according to his lawyer.
FTX founder duped customers by using their crypto to pay debts at hedge fund Alameda Research, prosecutors say.
Sam Bankman-Fried is due in a Manhattan federal courtroom Tuesday afternoon.
The co-founder of FTX faced a judge and is now set to live with his parents while he awaits trial, CBS2's Kevin Rincon reports.
The former boss of the failed crypto currency exchange FTX has been extradited from the Bahamas and is believed to here in New York. CBS2's Dick Brennan reports.
Bankman-Fried was arrested on charges including wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
Queens liquor store owner Francisco Valerio faces charges in a shooting outside his store.
Sergei Bobrovsky made 23 saves and the Panthers defeated the Rangers 3-0 in the Eastern Conference finals opener.
The Yankees finished with 4 home runs in their 7-3 victory over the Mariners on Wednesday night.
Johnathan Rodriguez's first major league hit powered the Guardians to a 6-3 win over the Mets on Wednesday.
Downed overhead wires caused a commuting nightmare for Amtrak, NJ Transit riders out of Newark-Penn Station.
Queens liquor store owner Francisco Valerio faces charges in a shooting outside his store.
Sergei Bobrovsky made 23 saves and the Panthers defeated the Rangers 3-0 in the Eastern Conference finals opener.
Downed overhead wires caused a commuting nightmare for Amtrak, NJ Transit riders out of Newark-Penn Station.
New York City has started evicting migrants from the shelter system, under watchful eye of the Legal Aid Society.
Students have engaged in a lawsuit against City University of New York over changes to its graduation ceremony.
The First Alert Weather Team has declared a Yellow Alert for Thursday afternoon due to the threat of of strong to severe thunderstorms.
Despite some lingering clouds, Sunday will be a nice finish to the weekend. Highs will reach the low 70s.
Today's weather looks to be the pick of the week, as skies clear and temperatures climb.
Temperatures around New York and New Jersey will rebound nicely Monday, as highs reach the upper 60s and low 70s.
Mother's Day was mostly a gloomy day in New York City and across the Tri-State Area.
Downed overhead wires caused a commuting nightmare for Amtrak, NJ Transit riders out of Newark-Penn Station.
A bill proposed in New Jersey would require low-speed electric bicycles and scooters there to be registered an insured.
The First Alert Weather Team has declared a Yellow Alert for Thursday afternoon due to the threat of of strong to severe thunderstorms.
Route 80 was closed and traffic was backed up for hours after a deadly crash involving a tractor-trailer and a box truck in Hackensack, New Jersey.
The FAA's new initiative to address the New York air traffic controller shortage is up and running.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
Hempstead, N.Y. officials want federal help after they say unhealthy levels of the chemical 1,4-dioxane was found in all nine of the town's wells.
Their return comes after authorities spread out across Manorville, and beyond, in April as part of an evidence search.
Despite some lingering clouds, Sunday will be a nice finish to the weekend. Highs will reach the low 70s.
A federal judge is considering if lawsuits against NYC congestion pricing should proceed after hours of arguments from people suing to stop the new tolls.
New York City has started evicting migrants from the shelter system, under watchful eye of the Legal Aid Society.
Students have engaged in a lawsuit against City University of New York over changes to its graduation ceremony.
The Randall's Island Park Alliance wants New York City to remove the migrant shelter this summer.
Arizona is one of seven states that Trump lost in 2020 where his allies are accused of schemes to put up alternate electors.
Former President Donald Trump's defense rested its case at his "hush money" trial after calling two witnesses to the stand.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
A new report from Orkin ranks the worst cities for mosquitoes, with New York coming in second and Los Angeles taking the top spot.
Leonette Belfield-Carson, whose daughter Jalissa Nadine Carson died of cancer, is now an advocate for other moms with children battling cancer.
A new report from New Jersey's Department of Health shows lead levels in children are dropping but not gone.
Kyle McMorrow was just 36 years old when he suffered a stroke last year. He woke up with neck pain one day, not realizing what was happening.
Crystal McKinney, a former model, accused Sean "Diddy" Combs of drugging and sexually assaulting her in New York City over 20 years ago. She filed the lawsuit under the NYC Gender Motivated Violence Act.
Hip-hop mogul Sean "Diddy" Combs posted a video on social media apologizing for his "inexcusable" behavior and that he takes "full responsibility" for his actions.
A six-footer with an ample black mustache, Dabney Coleman made his mark in numerous popular films.
The 2016 footage, which was obtained and published by CNN, appears to show the rap mogul hitting, dragging and kicking the singer known as Cassie.
A 50-year-old man is charged with assault after actor Steve Buscemi was punched in an apparent random attack in New York City.
Sergei Bobrovsky made 23 saves and the Panthers defeated the Rangers 3-0 in the Eastern Conference finals opener.
The Yankees finished with 4 home runs in their 7-3 victory over the Mariners on Wednesday night.
Johnathan Rodriguez's first major league hit powered the Guardians to a 6-3 win over the Mets on Wednesday.
Gleyber Torres hit a three-run home run, but it wasn't enough as the Yankees fell 6-3 to the Mariners on Tuesday.
Jeff McNeil, Starling Marte and Mark Vientos hit homers, but the Mets fell to the Guardians 7-6 on Tuesday.
Developers released renderings for Gowanus Green, a large new affordable housing community located on the banks of the Gowanus Canal.
A community of people are helping a community of bees in Far Rockaway, Queens. They're drawing inspiration from a professional model-turned-beekeeper.
Migrant women from Honduras, Mexico and other countries share their experiences while making the art they enjoy.
Traffic safety advocates in Brooklyn say the redesign of McGuinness Boulevard is inadequate, and they want changes to be implemented.
Maimonides Medical Center in Borough Park neighbors two communities that house a large Asian American population.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A crane went up in flames high above Manhattan, then partially collapsed onto the street below.
The charges prompted outrage from some neighbors who say the owner was not only acting in self-defense, but that the shooting was an accident. CBS New York's Derick Waller reports.
CBS New York's Lonnie Quinn is calling for a slight thunderstorm chance during the day. The high is expected to be in the low 80s.
One track between New York City and Newark was restored at around 9:30 p.m., but delays were expected to persist. CBS New York's Jenna DeAngelis reports.
The issue is causing major travel headaches for people using Amtrak between New York City and Philadelphia, and NJ Transit. CBS New York's Jenna DeAngelis has the latest.
It comes after almost two years of disagreements surrounding the annual event. CBS New York's Tim McNicholas spoke to both sides of the dispute on Wednesday.