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FTX co-founder Sam Bankman-Fried sentenced to 25 years in prison
Former billionaire Sam Bankman-Fried was convicted for orchestrating a massive financial fraud that led to downfall of crypto trading platform FTX.
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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 Oakland A's secured their first winning month in two years, beating the Los Angeles Angels 5-4 Friday night.
Budget cuts continue to impact the San Francisco Unified School District.
Governor Gavin Newsom is urging Oakland leaders to expand their current police pursuit policy.
People from about 100 homes evacuated Friday afternoon under mandatory orders from Contra Costa County as a vegetation fire between Concord and Bay Point grew to more than 200 acres.
A Bay Area rideshare driver has been reunited with a woman that he credits with saving his life after he suffered a medical emergency while behind the wheel.
Budget cuts continue to impact the San Francisco Unified School District.
Governor Gavin Newsom is urging Oakland leaders to expand their current police pursuit policy.
People from about 100 homes evacuated Friday afternoon under mandatory orders from Contra Costa County as a vegetation fire between Concord and Bay Point grew to more than 200 acres.
A Bay Area rideshare driver has been reunited with a woman that he credits with saving his life after he suffered a medical emergency while behind the wheel.
Local progressive organizations held a press event in Oakland on Friday to oppose the recall of Mayor Sheng Thao and Alameda County District Attorney Pamela Price.
Budget cuts continue to impact the San Francisco Unified School District.
Two people have died after their car plunged off Highway 1 at Devil's Slide Friday morning, authorities said.
San Francisco Fire Chief Jeanine Nicholson on Friday announced she will retire at the end of August due to "unforeseen medical issues."
Chicago duo Drama, featuring producer Na'el Shehade and vocalist/songwriter Via Rosa, speak with KPIX before they take the stage at Stern Grove on Sunday.
A Palo Alto woman who opened the first inclusive playground in the Bay Area for people of all abilities is spreading her magic throughout the region and beyond.
Governor Gavin Newsom is urging Oakland leaders to expand their current police pursuit policy.
People from about 100 homes evacuated Friday afternoon under mandatory orders from Contra Costa County as a vegetation fire between Concord and Bay Point grew to more than 200 acres.
A Bay Area rideshare driver has been reunited with a woman that he credits with saving his life after he suffered a medical emergency while behind the wheel.
Local progressive organizations held a press event in Oakland on Friday to oppose the recall of Mayor Sheng Thao and Alameda County District Attorney Pamela Price.
A Contra Costa County man has died from West Nile virus -- the first reported county death from the disease since 2006.
Three suspects were arrested in the April armed robbery of a victim in San Jose who had been selling merchandise online, police said.
A 17-year-old has been arrested in connection with the violent purse snatching of an elderly woman in East San Jose last month that was caught on camera.
The suspect in a 2022 fatal shooting in San Jose who fled to El Salvador was returned to the Bay Area after his arrest in Texas in May, police said Friday.
Two people who drowned after being swept out by a wave in Santa Cruz last week were identified by the Santa Cruz County Sheriff's Office as 30-year-old Pedro David Guadarrama Ceron and 33-year-old Emma Nelly Diazleal Lopez.
A San Jose man who was convicted of shooting an unarmed college student staying at an Airbnb in 2022 will spend more than a decade in prison, prosecutors announced Thursday.
Authorities announced an arrest Thursday in connection with a vegetation fire that started near Geyserville in Sonoma County on Wednesday afternoon.
Police in Vallejo are have launched their third homicide investigation in less than two weeks, after a man was fatally shot late Wednesday night.
Officers arrested a suspected drunk driver who crashed his car into another vehicle in San Rafael, police said Wednesday.
Police released surveillance video of an arson suspect seen setting a fire at a San Rafael Target store in hopes of identifying the person.
Police in Vallejo are investigating the death of a woman as a homicide after she was part of a three-car collision last week, the department said Tuesday.
The Oakland A's secured their first winning month in two years, beating the Los Angeles Angels 5-4 Friday night.
The San Francisco 49ers haven't made substantial investments in the offensive line, believing coach Kyle Shanahan's scheme and a deep group of playmakers can make up for any deficiencies.
The ambitious opening ceremony of the Summer Games kicked off with a giant plume of blue, white and red smoke in the colors of the French national flag with the 2024 Parade of Nations from the Austerlitz Bridge.
The Oakland Athletics continued their power surge in a 6-5 victory over the Los Angeles Angels on Thursday night.
Thursday was an open practice day for the Niners at their Santa Clara facility, but young female fans aren't just watching from the sidelines anymore.
Governor Gavin Newsom is urging Oakland leaders to expand their current police pursuit policy.
One of El Chapo's sons duped Ismael "El Mayo" Zambada into boarding a plane on Thursday, telling him they were going to look at property in Mexico, a person familiar with the investigation confirmed to CBS News.
A former guard at the now-closed Federal Correctional Institution-Dublin prison is facing additional charges of alleged sexual abuse involving inmates, officials said Friday.
Three suspects were arrested in the April armed robbery of a victim in San Jose who had been selling merchandise online, police said.
A 17-year-old has been arrested in connection with the violent purse snatching of an elderly woman in East San Jose last month that was caught on camera.
Alongside 16 other members of Congress, U.S. Rep. Anna Eshoo, D-Palo Alto, raised concerns about social media giant Meta's plans to cut CrowdTangle, a service used to monitor trends on Facebook and Instagram.
One week after the global computer outage, Windows systems are nearly fully operational, according to CrowdStrike.
Meta's Oversight Board says the company failed to take down an AI-generated intimate image of an Indian female public figure that violated its policies until the board got involved.
CrowdStrike released details about the cause of an outage that took down computers across the globe, blaming "problematic content data."
Meta says it's rooted out 63,000 accounts from Nigeria that were attempting to target adult U.S. men with the financial scam.
A Contra Costa County man has died from West Nile virus -- the first reported county death from the disease since 2006.
Amid a widening listeria outbreak, Boar's Head is recalling all of its liverwurst products sold nationwide, as well as some deli meats.
Participation in the annual San Francisco AIDS Walk has declined. Organizers say that's not such a bad thing.
A warning of a Listeria monocytogenes outbreak affecting 12 states, including Pennsylvania, New Jersey and New York, was issued by the CDC Friday afternoon linking infections to sliced meat at deli counters.
With so much focus on old age, scientists are hoping to crack the code on longevity but they need some help.
Budget cuts continue to impact the San Francisco Unified School District.
Governor Gavin Newsom is urging Oakland leaders to expand their current police pursuit policy.
Local progressive organizations held a press event in Oakland on Friday to oppose the recall of Mayor Sheng Thao and Alameda County District Attorney Pamela Price.
Alongside 16 other members of Congress, U.S. Rep. Anna Eshoo, D-Palo Alto, raised concerns about social media giant Meta's plans to cut CrowdTangle, a service used to monitor trends on Facebook and Instagram.
The former president called Harris a "happy warrior" and vowed to do all he can to help her defeat former President Donald Trump in November.
California Gov. Gavin Newsom has signed a law barring school districts from passing policies requiring schools to notify parents if their child asks to change their gender identification.
San Leandro is hosting its first Pride celebration and organizers spoke to KPIX about the decision to launch the celebration now.
One San Francisco bookstore is fighting book bans by shipping LGBT+ books to directly the Deep South for free.
Public health officials came armed with a serious message for Pride Month: Get vaccinated against mpox.
Thousands of people gathered on Sunday in downtown San Francisco to celebrate the annual Pride Parade supporting the LGBTQ community.
Physical performances by actors are being treated as "data," said SAG-AFTRA Chief Contracts Officer Ray Rodriguez said at a news conference.
Chicago duo Drama, featuring producer Na'el Shehade and vocalist/songwriter Via Rosa, speak with KPIX before they take the stage at Stern Grove on Sunday.
Hundreds of the nation's top athletes will represent Team USA in Paris at the 2024 Olympics.
Creator of the former HBO show remarked on the similarities between its fictional storyline and current political reality.
Charli XCX, George Clooney and Spike Lee are among the celebrities who say they are supporting Kamala Harris' campaign to become the first woman president of the United States.
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.
CBS News Bay Area evening edition headlines for Friday July 26, 2024. Watch full newscasts streamed at the CBS SF website or on the app. Website: http://kpix.com
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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.
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