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.
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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 San Mateo County Sheriff's Office said they were searching the area for someone who was connected to a previous incident. Around 10:30 a.m., the person was taken into custody.
Around 1:42 a.m., officers received a report of a shooting on the 1200 block of Polk Street, near Sutter Street. Police said they found a man at the scene who had been shot at least once. He was taken to the hospital and his condition is not known, police said.
The Bay Area Black Comedy Competition has returned to Oakland, bringing comedians from across the country to the historic Henry J. Kaiser Center for the Arts, where this year's winner will be crowned Sunday in the Calvin Simmons Theatre.
The Sacramento region has the third-highest DUI rate in the nation. Now, state lawmakers are considering a new booze ban to prevent any more tragedies.
It's the second time in as many weeks that government funding has lapsed as Democrats and the White House remain at an impasse over immigration enforcement policies.
The San Mateo County Sheriff's Office said they were searching the area for someone who was connected to a previous incident. Around 10:30 a.m., the person was taken into custody.
Around 1:42 a.m., officers received a report of a shooting on the 1200 block of Polk Street, near Sutter Street. Police said they found a man at the scene who had been shot at least once. He was taken to the hospital and his condition is not known, police said.
The Bay Area Black Comedy Competition has returned to Oakland, bringing comedians from across the country to the historic Henry J. Kaiser Center for the Arts, where this year's winner will be crowned Sunday in the Calvin Simmons Theatre.
The Sacramento region has the third-highest DUI rate in the nation. Now, state lawmakers are considering a new booze ban to prevent any more tragedies.
Many Asian Americans across the Bay Area are preparing to celebrate Lunar New Year on Feb. 17, ushering in the Year of the Horse.
The San Mateo County Sheriff's Office said they were searching the area for someone who was connected to a previous incident. Around 10:30 a.m., the person was taken into custody.
Around 1:42 a.m., officers received a report of a shooting on the 1200 block of Polk Street, near Sutter Street. Police said they found a man at the scene who had been shot at least once. He was taken to the hospital and his condition is not known, police said.
A tentative agreement has been reached between the San Francisco Unified School District and the United Educators of San Francisco, both sides announced Friday, ending a teachers' strike that began earlier this week.
One man and two teenagers were arrested following a shooting at an apartment building in Redwood City on Thursday evening, police said.
Police in San Francisco announced that a teenage suspect has been arrested in connection with a mass shooting in the Richmond District near Ocean Beach late last year.
The Bay Area Black Comedy Competition has returned to Oakland, bringing comedians from across the country to the historic Henry J. Kaiser Center for the Arts, where this year's winner will be crowned Sunday in the Calvin Simmons Theatre.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
About 300 pounds of processed marijuana was discovered by San Leandro police, leading to an arrest on Wednesday, authorities said.
A former member of the San Leandro City Council pled guilty in a corruption case that has ties to former Oakland Mayor Sheng Thao, federal prosecutors said.
The Alameda County Sheriff's Office said they received a call from a person claiming to have a firearm around 3:20 Monday morning. When deputies arrived, they say a person exited the home on Selborne Drive and presented an immediate threat to deputies. Two deputies shot at him, and he died from his injuries.
Many Asian Americans across the Bay Area are preparing to celebrate Lunar New Year on Feb. 17, ushering in the Year of the Horse.
A man who attempted to rob a bank in San Jose was arrested after investigators used automated license plate reader cameras to locate the suspect vehicle, police said.
The Cupertino City Council voted 3-2 in favor of a unique affordable housing project that will also reserve units for those with intellectual and developmental disabilities (IDD).
A San Jose shop owner has discovered that for the unhoused, a bicycle isn't just a reliable way of getting around; it can be a lifeline for a fresh start.
An assistant principal at a San Jose middle school was among a group of people arrested during a police operation targeting adults seeking minors online to engage in sexual activity, authorities announced on Wednesday.
Several people were injured after a driver plowed into a grocery store in Santa Rosa on Friday, authorities said.
A Sonoma County man has been arrested on multiple weapons charges after police seized more than 150 firearms from two homes as part of an investigation into the illegal manufacturing of guns.
One of the suggestions is the complete renovation of the Canal District shoreline, removing about 550 existing homes and raising the land high enough to safely redevelop on top of it. It is projected to cost nearly $2 billion.
A bank employee was among three people arrested in a series of armed home invasion robberies in Marin County of people who had withdrawn large amounts of cash, authorities said.
A man who was arrested on child sexual abuse charges in Illinois is facing additional charges in the San Francisco Bay Area in connection with the alleged sexual assault of a child, police said.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
Travis Kelce is playing in the AT&T Pebble Beach Pro-am, and there was a spike on ticket sales.
Chris Paul made the announcement ahead of the NBA's All-Star weekend at the home of the Los Angeles Clippers in Inglewood.
Ryo Hisatsune is the leader at the AT&T Pebble Beach Pro-Am with a 62 at Pebble Beach.
Tony Vitello walked up the dugout stairs to meet with reporters about 15 minutes later than expected because of a team meeting that went longer than planned.
The San Mateo County Sheriff's Office said they were searching the area for someone who was connected to a previous incident. Around 10:30 a.m., the person was taken into custody.
Around 1:42 a.m., officers received a report of a shooting on the 1200 block of Polk Street, near Sutter Street. Police said they found a man at the scene who had been shot at least once. He was taken to the hospital and his condition is not known, police said.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
A man who attempted to rob a bank in San Jose was arrested after investigators used automated license plate reader cameras to locate the suspect vehicle, police said.
One man and two teenagers were arrested following a shooting at an apartment building in Redwood City on Thursday evening, police said.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
The family believes the outcome of the trial can lead to significant changes within the social media industry and help other families become even more aware of what they say are deadly devices in the hands of children.
The social media platform changed its privacy policy last month, inviting users to allow it to track their specific location.
Health officials in the East Bay said a man has died from consuming toxic wild mushrooms, amid an ongoing spike in mushroom-related poisonings throughout California.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
Over the years, Dr. Rachel Forer has found plenty of ways to take the sting out of going to the dentist. But no matter how hard she tried, fear had a way of creeping in.
Officials in San Mateo County are the latest in the Bay Area to warn residents to not forage for wild mushrooms, amid a rise in mushroom poisonings that have led to illnesses and even deaths.
The Bay Area's Spare the Air alert has been extended to at least Saturday as a high-pressure system is expected to hang around and impact air quality.
The Sacramento region has the third-highest DUI rate in the nation. Now, state lawmakers are considering a new booze ban to prevent any more tragedies.
It's the second time in as many weeks that government funding has lapsed as Democrats and the White House remain at an impasse over immigration enforcement policies.
California Gov. Gavin Newsom has taken his anti-Trump routine to Europe.
Sultan Ahmed bin Sulayem, CEO and chairman of Dubai's DP World, appears in the Epstein files more than 4,700 times, according to the Justice Dept.
President Trump pardoned five former NFL players - one posthumously - for crimes ranging from perjury to drug trafficking.
After more than two years of renovations, the historic Castro Theatre is back open for business.
A large Pride flag has been removed from the Stonewall National Monument in Greenwich Village. The National Park Service said it did so under guidance from the federal government.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
Travis Kelce is playing in the AT&T Pebble Beach Pro-am, and there was a spike on ticket sales.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
After more than two years of renovations, the historic Castro Theatre is back open for business.
The bushes that surrounded global superstar Bad Bunny during his record-breaking Super Bowl halftime performance at Levi's Stadium were indeed people in costume, and three Bay Area friends participated together after answering a vague casting call.
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.
with Zoe Mintz.
Andrea Nakano reports.
New legislation would end a decades-old requirement that permits be passed down only to family members and instead allow any qualified business to apply.
The Bay Area Black Comedy Competition returns to Oakland after the event was paused mid-competition in 2020 due to the COVID-19 pandemic.
Festivities to celebrate the Vietnamese New Year and the Year of the Horse have kicked off in San Jose. Da Lin 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.