Caroline Ellison, former FTX executive, sentenced to 24 months in prison
Ellison, a former top executive for Sam Bankman-Friend's crypto hedge fund, was sentenced Tuesday for fraud.
Watch CBS News
Ellison, a former top executive for Sam Bankman-Friend's crypto hedge fund, was sentenced Tuesday for fraud.
Lawyers for Sam Bankman-Fried claim in an appeal filed Friday that the imprisoned FTX founder was the victim of a rush to judgment by a public that wrongly believed he was guilty before he was even arrested.
Former billionaire Sam Bankman-Fried was convicted for orchestrating a massive financial fraud that led to downfall of crypto trading platform FTX.
The former billionaire cryptocurrency mogul faces a potential prison term of more than a century following his conviction.
In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the "pyramid of deceit" that FTX founder Sam Bankman-Fried constructed to conclude he's guilty of fraud charges.
A prosecutor has attacked the credibility of Sam Bankman-Fried's testimony at his fraud trial, confronting him over whether he was truthful during his public appearances after FTX filed for bankruptcy last year.
FTX founder Sam Bankman-Fried testified at his New York trial on Friday, denying that he defrauded anyone but acknowledging that the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead.
Caroline Ellison takes the stand to testify against the former FTX co-founder as the high-profile case enters a second week.
Former FTX employee and "longtime" friend of Sam Bankman-Fried said he quit the crypto exchange after allegations that customer funds had been misused.
Lawyers for collapsed cryptocurrency exchange FTX Trading are accusing Sam Bankman-Fried's parents of exploiting their influence over their son and the company he founded to enrich themselves by millions of dollars.
FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him.
A prosecutor has asked a judge to immediately jail FTX founder Sam Bankman-Fried, saying he violated his bail conditions by releasing information meant to harass a key witness against him.
Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness against him at his upcoming trial by publicly disclosing personal things she wrote while she was the chief executive at his cryptocurrency hedge fund trading firm.
A lawyer for Sam Bankman-Fried signaled Thursday that the onetime cryptocurrency darling is challenging the validity of new charges added to an indictment after he agreed to be brought to the United States in December from the Bahamas rather than fight extradition.
The federal judge presiding over the case prosecutors brought against FTX founder Sam Bankman-Fried said Tuesday that the cryptocurrency entrepreneur can remain on the West Coast while his lawyers attend a hearing Friday.
FTX founder Sam Bankman-Fried faced new fraud charges Thursday, as prosecutors accused him of cheating thousands of investors out of billions of dollars while casting himself as a trustworthy "savior of the cryptocurrency industry."
A car with three occupants recently drove into a barricade outside the California home owned by Sam Bankman-Fried's parents, an apparent attempt to gain access to the property where the founder of crypto exchange FTX is under house arrest.
FTX founder duped customers by using their crypto to pay debts at hedge fund Alameda Research, prosecutors say.
The FTX founder was ordered to home confinement at his parents' home in Palo Alto, California.
One month after crypto exchange FTX collapsed, company founder Sam Bankman-Fried appeared in court after he was arrested in the Bahamas on charges of alleged securities fraud. Skyler Henry reports. (12/13/22)
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.
The FBI has joined the investigation and is offering a reward for information into the deadly shooting at a birthday party in Morgan Hill last month, authorities said.
Alameda County officials announced a settlement in the civil lawsuit over the death of Sophia Mason, a young girl from Hayward whose killing in 2022 exposed failures in the county's child welfare system.
A Glenn County resident has died from West Nile virus, marking the county's first death linked to the mosquito-borne illness and California's second of 2026, public health officials said.
Cal Fire listed the Northern California wildfire at 9,363 acres with 10% containment as of early Wednesday morning.
Disney and TikTok are teaming up to let users create short-form videos that draw on the entertainment giant's large stable of movies and TV shows.
The FBI has joined the investigation and is offering a reward for information into the deadly shooting at a birthday party in Morgan Hill last month, authorities said.
Alameda County officials announced a settlement in the civil lawsuit over the death of Sophia Mason, a young girl from Hayward whose killing in 2022 exposed failures in the county's child welfare system.
A Glenn County resident has died from West Nile virus, marking the county's first death linked to the mosquito-borne illness and California's second of 2026, public health officials said.
Cal Fire listed the Northern California wildfire at 9,363 acres with 10% containment as of early Wednesday morning.
Disney and TikTok are teaming up to let users create short-form videos that draw on the entertainment giant's large stable of movies and TV shows.
The Lucky supermarket on Fulton Street will close in mid-September. Its parent company, Save Mart, says the location has been losing money for years.
Authorities on the Peninsula and U.S. postal inspectors are urging residents to monitor their financial accounts, following a burglary at a post office.
Lisa Gonzales, 55, was found guilty back in April of second degree murder by use of a deadly weapon in the killing of 61-year-old Margaret Mamer.
Police in San Francisco on Monday announced the arrests of five people and raided four Oakland homes last week in connection with a drug trafficking investigation.
Fire crews in Foster City remained on the scene Monday, after a six-alarm fire at a condominium complex damaged dozens of units.
Alameda County officials announced a settlement in the civil lawsuit over the death of Sophia Mason, a young girl from Hayward whose killing in 2022 exposed failures in the county's child welfare system.
The city initially introduced the project under the name "Pittsburg Technology Park," and approved it in 2024. Some residents said they had no idea it would be anchored by AVAIO Digital's Perseus Data Center, spanning 337,000 square feet.
The measure would phase in the $30-dollar wage depending on the size of the business. Large employers would reach that level by 2030, mid-size by 2035, and small businesses by 2037.
Around 3:40 p.m., firefighters were sent to a home on Woodwind Place for a second-alarm fire.
Bay Area Rapid Transit (BART) service on the Yellow Line in eastern Contra Costa County was restored after an earlier problem Tuesday morning, officials said.
The FBI has joined the investigation and is offering a reward for information into the deadly shooting at a birthday party in Morgan Hill last month, authorities said.
Two teens from the Central Valley have been arrested after shots were fired near the Santa Cruz Beach Boardwalk Monday night, which prompted an evacuation of the popular amusement park.
Signs prohibiting parking near the iconic Bixby Bridge on the Central California coast are set to be installed in the coming days, officials announced Monday.
A 16-year-old California lifeguard who rescued a 10-year-old child from powerful waves during a daring rescue caught on video has spoken out about the harrowing experience.
A South Bay summer camp counselor who was previously arrested for alleged child sexual assaults was arrested again after a third alleged victim came forward, authorities said.
A shelter-in-place order for a Novato neighborhood was lifted Tuesday afternoon after a person was fatally shot earlier in the day.
Authorities in the North Bay arrested a man suspected in a shooting outside a Santa Rosa bar that wounded one person, police said.
Two years ago, the town of San Anselmo voted to withdraw from a controversial flood control district. But homeowners continued to be charged to support its operation. Now, advocates are saying they want that stopped and they want their money back.
The first shooting happened on July 28, just after 8 p.m., near the 1400 block of Enterprise Street. Police said the victim reported someone shot at him and then ran from the area. The victim was not injured.
Smoke blanketed the Bay Area Friday, as firefighters continued to battle a wildfire near Salt Point State Park in Sonoma County.
Ezequiel Duran drove in four runs, the last on a game-ending double, and the Texas Rangers beat the San Francisco Giants 5-4.
Veronica Burton contributed 12 points, eight rebounds and seven assists for Golden State in the second straight matchup of the teams at sold-out Chase Center after the Valkyries beat the Tempo 96-79 on Sunday night.
Jung Hoo Lee hit two solo homers and drove in three RBIs and Logan Webb pitched six shutout innings as the San Francisco Giants beat the scuffling Texas Rangers 5-1.
The Boston Red Sox traded infielder Marcelo Mayer to the San Francisco Giants for left-handed relief pitcher Erik Miller.
Wide receiver Mike Evans missed practice for the San Francisco 49ers because of a strained quadriceps in the latest injury to hit the team's receiver room.
The FBI has joined the investigation and is offering a reward for information into the deadly shooting at a birthday party in Morgan Hill last month, authorities said.
Alameda County officials announced a settlement in the civil lawsuit over the death of Sophia Mason, a young girl from Hayward whose killing in 2022 exposed failures in the county's child welfare system.
Three people were killed and seven others were wounded in the Saturday attack in Twin Falls, Idaho. The gunman died of a self-inflicted gunshot wound, officials said.
Authorities on the Peninsula and U.S. postal inspectors are urging residents to monitor their financial accounts, following a burglary at a post office.
Two teens from the Central Valley have been arrested after shots were fired near the Santa Cruz Beach Boardwalk Monday night, which prompted an evacuation of the popular amusement park.
Disney and TikTok are teaming up to let users create short-form videos that draw on the entertainment giant's large stable of movies and TV shows.
The city initially introduced the project under the name "Pittsburg Technology Park," and approved it in 2024. Some residents said they had no idea it would be anchored by AVAIO Digital's Perseus Data Center, spanning 337,000 square feet.
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the firm Hugging Face on its own, in what Hugging Face CEO Clément Delangue called a "very weird and unprecedented" incident.
The families of four children who died by suicide allege that using social media led to depression, anxiety and other mental health problems.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
Soaring health insurance premiums are forcing some small business owners to make difficult decisions about employee coverage, staffing and their future.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
Alameda County officials announced a settlement in the civil lawsuit over the death of Sophia Mason, a young girl from Hayward whose killing in 2022 exposed failures in the county's child welfare system.
The city initially introduced the project under the name "Pittsburg Technology Park," and approved it in 2024. Some residents said they had no idea it would be anchored by AVAIO Digital's Perseus Data Center, spanning 337,000 square feet.
The measure would phase in the $30-dollar wage depending on the size of the business. Large employers would reach that level by 2030, mid-size by 2035, and small businesses by 2037.
Supporters of the program gathered Tuesday to highlight its impact, saying the initiative has expanded access to fresh, California-grown foods while helping schools improve their kitchen facilities and nutrition education.
Federal authorities arrested a man who appeared to be monitoring security-planning activities at Trump National Golf Club in LA County ahead of the president's Southern California visit.
Berlin police did not identify the suspect, who is still at large, by name but said that he was already known to police and is from Berlin.
LGBTQ+ communities have significantly higher rates of unemployment than the general population. Kelsi Thorud reports on how the City of Oakland is empowering LGBTQ+ job seekers during Pride Month.
The fallout over the opposition by a handful of San Francisco Giants players against the team's Pride Night celebrations has prompted an investigation of Major League Baseball by the Trump administration.
Major League Baseball has warned players about writing on their uniforms after San Francisco starter Landen Roupp and two other pitchers added Bible verses to their Pride Night caps on Friday night.
Many LGBTQ+ Pride events across the country have had to scale back or even cancel due to political and financial reasons. San Francisco was on the brink. Kara St. Cyr reports.
Ariana Grande had been due to star alongside her "Wicked" co-star Jonathan Bailey in a production of "Sunday in the Park with George" in 2027.
A lawsuit alleges that a drive storing a $45 million spy film starring Nicolas Cage was "stolen right off a Netflix desk."
Four women say Hollywood star Jared Leto committed sexual crimes against them when they were teenagers, in interviews with the BBC.
Carly Simon, the singer known for 1970s hits like "You're So Vain," announced she has Parkinson's disease and also was treated for basal cell carcinoma.
Bay Area rapper Mistah F.A.B. was arrested in Oakland after police said he was in possession of thousands of dollars in illegal fireworks.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
On Wednesday, air quality is a concern, due to smoke from wildfires. Highs will range from the 60s along the coast, to the 90s inland. Jessica Burch has the forecast.
Kevin Ko reports.
Maddie White reports.
John Ramos reports on a voter initiative to raise the minimum wage to $30 per hour
Brian Hackney reports.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.