Caroline Ellison says FTX's Bankman-Fried led her to "lie and steal"
In emotional testimony, Sam Bankman-Fried's former girlfriend blamed the FTX co-founder for justifying illegal activity.
Fraud
Prosecutors indict George Santos on new charges
The Department of Justice has indicted Rep. George Santos of New York on 10 new charges. They include conspiracy, wire fraud and more. CBS News congressional correspondent Nikole Killion reports.
Key witness testifies against FTX founder
Former Alameda Research CEO Caroline Ellison, the government's star witness against Sam Bankman-Fried, took the stand Tuesday and said the former crypto boss directed her to commit crimes. CBS News national correspondent Errol Barnett was in the courtroom and joins to break down the day's proceedings.
Trump won't attend second week of civil trial
A New York appeals court denied former President Donald Trump's request to halt proceedings as the second week of his fraud trial gets underway. CBS News chief election and campaign correspondent Robert Costa reports on what to expect this week in court.
FBI warns of rising elder fraud crime rates as scammers steal billions
One retiree told CBS News he fell for an online scam that cost him almost $800,000. And then the IRS said he owed $200,000 because the money was taken from a retirement account.
Americans reported $2.7 billion in losses from scams on social media
That figure is only a fraction of the actual harm, as most cases of fraud go unreported, according to FTC scam data analysis.
Trump tries to halt 3 cases against him
Donald Trump's civil trial in New York could shatter the foundation of his company and his father's legacy. CBS News investigative reporter Graham Kates has more on the defense's strategy to halt this ongoing case and others against the former president.
Sam Bankman-Fried's defense in fraud trial
Witness testimony resumes Thursday in the criminal fraud trial of Sam Bankman-Fried after the prosecution and defense laid out their opening statements Wednesday. The former CEO of crypto exchange FTX is accused of stealing billions of dollars from customers for his own personal use. He pleaded not guilty back in March. CBS News legal contributor Rebecca Roiphe has more.
The rise and fall of Sam Bankman-Fried
Lawyers for Sam Bankman-Fried delivered opening statements in his criminal trial Wednesday. Prosecutors have accused the former FTX CEO of misusing billions of dollars in customer funds. Author Michael Lewis joins CBS News to discuss his new book, "Going Infinite: The Rise and Fall of a New Tycoon," which takes an in-depth look at the rise and fall of Bankman-Fried.
Judge in Trump's fraud case issues gag order
The judge overseeing the civil trial of former President Donald Trump in New York issued a gag order barring those involved in the case from posting information about his staff. Trump is facing allegations he and his company falsified business and personal records for financial gain. CBS News chief election and campaign correspondent Robert Costa reports.
Trump slams fraud trial as a "sham"
Before heading into the courtroom for his second day in court, former President Donald J. Trump continued his attacks on New York Attorney General Letitia James, calling the civil case against him a "sham." CBS News chief election and campaign correspondent Robert Costa has more on today's trial developments.
Recapping Day 1 of Trump fraud trial
Donald Trump will be back in court Tuesday for the second day of his New York civil fraud trial after what people close to the former president say was a "deeply personal" appearance for opening arguments Monday. CBS News chief election and campaign correspondent Robert Costa has more.
Why Trump's fraud trial doesn't have a jury
Former President Donald Trump appeared in a Manhattan courtroom on Monday as the trial in his civil fraud case got underway. CBS News chief election and campaign correspondent Robert Costa reports.
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Trump expected in court for New York City civil trial; Beyoncé's Renaissance tour coming to theaters in December.
Breaking down the Trump civil fraud trial
Former President Donald Trump is attending the beginning of the New York state civil fraud trial against his family-owned business. New York State Attorney General Letitia James claims the Trump Organization repeatedly committed fraud on financial statements in order to secure business loans and insurance policies. Trump dismissed the case as a witch hunt and called the attorney general racist. CBS News legal contributor Jessica Levinson has more details on the case.
Trump calls prosecutor racist before trial
Former President Donald Trump lashed out at Attorney General Letitia James and others when he arrived at a Lower Manhattan courtroom for the first day of his civil trial for alleged fraud Monday. Trump called the case against him a "scam."
Trump in courtroom for fraud trial
Former President Donald Trump arrived at the courthouse in Lower Manhattan Monday morning for the start of his New York civil trial over fraud allegations. He and others involved with the Trump Organization are accused of committing widespread fraud to get better terms on loans and insurance policies. CBS News chief election and campaign correspondent Robert Costa has more.
Trump expected in N.Y. court for fraud trial
Former President Donald Trump is expected to appear in New York court on Monday as a civil trial begins to determine the penalties after a judge ruled Trump and the Trump Organization committed business fraud. CBS News chief election and campaign correspondent Robert Costa reports from New York.
Trump expected in court for NYC civil trial
Former President Donald Trump has long volleyed insults at New York Attorney General Letitia James while her office investigated him and his company — an investigation that ultimately led to her filing a $250 million civil lawsuit accusing Trump and others at the Trump Organization of widespread fraud. The trial stemming from that suit is set to begin Monday. CBS News chief election and campaign correspondent Robert Costa has more.
How fraud ruling may affect Trump's business
A New York judge ruled Tuesday that Donald Trump and the Trump Organization committed fraud for years, saying the former president inflated the value of his assets by billions of dollars and lied about his net worth on financial statements. Trump could end up losing control of iconic properties like Trump Tower. A Trump spokesperson says there will be an appeal. CBS News congressional correspondent Scott MacFarlane has more.
Judge finds Donald Trump liable for fraud
A New York judge ruled Tuesday that former President Donald Trump committed fraud for years while building his real estate empire. The judge found that Trump and his company deceived banks, insurers and others by overvaluing his assets and exaggerating his net worth. CBS News' Scott MacFarlane reports.
Wael Hana, co-defendant in Robert Menendez case, arrested at JFK
He is one of three businessmen federally charged with coordinating hundreds of thousands of dollars in bribes to Democratic Sen. Robert Menendez of New Jersey and his wife.
Judge rules Trump, company violated fraud law
Donald Trump and his company "repeatedly" violated state fraud law, a New York judge ruled Tuesday. Judge Arthur Engoron agreed in his ruling with New York Attorney General Letitia James' office that it is beyond dispute that Trump and his company provided banks with financial statements that misrepresented his wealth by as much as $3.6 billion.
Trump, company violated fraud law, judge rules
A New York judge ruled that former President Donald Trump and his company "repeatedly" violated state fraud law. The ruling is part of the New York attorney general's $250 million civil suit, which is scheduled to go to trial in October. Scott MacFarlane reports.
New Jersey senator indicted
New Jersey Sen. Robert Menendez and his wife are facing allegations stemming from a sweeping federal bribery scheme. An indictment was announced Friday. Menendez, a Democrat, is now resisting calls to resign. Scott MacFarlane has more.
Trump claims he's brought down prices, touts military bonuses in year-end address
In President Trump's speech Wednesday night, he touted new military bonuses, his tariffs and economic policies.
House passes GOP health care bill without ACA subsidy extension
The House has passed a GOP health care bill that does not include an extension of Affordable Care Act tax credits.
Pope Leo taps Bishop Ronald Hicks to succeed Cardinal Dolan
Pope Leo XIV has named Bishop Ronald Hicks of Joliet, Illinois, to succeed retiring Timothy Cardinal Dolan as archbishop of New York.
Witnesses' description of Brown shooter matches person of interest, police say
As the search entered its fifth day, authorities have so far been unable to identify a person of interest in the shooting that killed two students and wounded nine others over the weekend.
Exclusive
N.C. Republicans redrew a GOP district. A Democrat is looking to take advantage.
North Carolina was among the GOP-led states this year that redrew congressional lines mid-decade in an attempt to benefit Republicans.
CPI report shows the inflation rate rose at a 2.7% pace in November
Economists had expected CPI to rise at an annual rate of 3% last month.
Trump expected to sign order reclassifying marijuana as a Schedule III drug
President Trump is expected to sign an order that would reschedule marijuana to a lower drug classification, according to two sources, in one of the most significant changes to drug policy in decades.
Philippine hotel says Bondi Beach suspects spent every night in their room
The father and son suspects in the Bondi Beach terror attack spent most of November in a hotel in the Philippines, but the reason for their visit remains unclear.
An early look at our town hall and debate series, launching in 2026
"Things That Matter," a series of planned town halls and debates sponsored by Bank of America, will launch early next year.
U.S.
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CPI report shows the inflation rate rose at a 2.7% pace in November
Economists had expected CPI to rise at an annual rate of 3% last month.
Trump Media to merge with fusion energy company TAE in $6 billion deal
President Trump's media company is joining forces with a company working to commercialize fusion energy.
An early look at our town hall and debate series, launching in 2026
"Things That Matter," a series of planned town halls and debates sponsored by Bank of America, will launch early next year.
D.C.'s homeless hide in plain sight, growing sicker and costing taxpayers more
The White House says encampment sweeps have enhanced the capital, but city leaders estimate nearly 700 homeless people roam by day and bed down outdoors by night.
Peter Arnett, Pulitzer Prize-winning war correspondent, dies at 91
Peter Arnett, the Pulitzer Prize-winning correspondent who covered the Vietnam and Gulf wars, has died. He was 91.
MoneyWatch
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CPI report shows the inflation rate rose at a 2.7% pace in November
Economists had expected CPI to rise at an annual rate of 3% last month.
Trump Media to merge with fusion energy company TAE in $6 billion deal
President Trump's media company is joining forces with a company working to commercialize fusion energy.
Recalled salad dressings could contain "foreign objects," FDA warns
Onions used to make the salad dressings could contain "black plastic planting material," according to food regulators.
Poll: Americans say holidays are costing them more, some are scaling back
Negative views of the nation's economy persist as 2025 draws to a close.
Recalled ice cream sold nationwide could contain "small stones," FDA says
The recall affects So Delicious Dairy Free's Salted Caramel Cluster ice cream with best by dates of Aug. 8, 2027.
Politics
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Exclusive
N.C. Republicans redrew a GOP district. A Democrat is looking to take advantage.
North Carolina was among the GOP-led states this year that redrew congressional lines mid-decade in an attempt to benefit Republicans.
D.C.'s homeless hide in plain sight, growing sicker and costing taxpayers more
The White House says encampment sweeps have enhanced the capital, but city leaders estimate nearly 700 homeless people roam by day and bed down outdoors by night.
U.S. strikes another alleged drug boat in Eastern Pacific, killing 4, Pentagon says
The U.S. military says it has conducted 26 strikes on alleged drug-trafficking vessels in the Eastern Pacific or Caribbean since early September, killing at least 99 people.
Trump claims he's brought down prices, touts military bonuses in year-end address
President Trump's speech Wednesday night looked back on his first year and ahead to the next three. He touted new military bonuses, his tariffs and economic policies in a brief address.
Ghislaine Maxwell asks court to toss out her conviction
Ghislaine Maxwell asked a federal judge on Wednesday to vacate her 2021 conviction on sex trafficking charges, just two days before the federal government is expected to release a massive trove of documents on Jeffrey Epstein.
HealthWatch
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Measles outbreaks worsen in South Carolina, Arizona and Utah
Nationally, the measles case count is nearing 2,000 for a disease that has been considered eliminated in the U.S. since 2000, a result of routine childhood vaccinations.
He made his brothers see a cardiologist. Each had advanced heart disease.
Kevin Murray was his family's health watchdog. His vigilance helped his brothers "avoid a real catastrophe."
Millions of Americans could see health plan costs double as ACA credits vanish
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
Vaccine vote signals turbulence for immunization policy, public trust
Clinicians and epidemiologists warn the decision could unravel decades of progress and expose newborns to a deadly, preventable disease.
Botulism outbreak tied to ByHeart products includes 51 babies in 19 states
Health officials say an infant botulism outbreak tied to ByHeart baby formula has been expanded to include all illnesses reported since the company began production in 2022.
World
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China fumes as White House announces record $10B in arms sales to Taiwan
The Trump administration's announcement of plan to sell Taiwan a record $10 billion worth of weapons draws an angry response from China.
Philippine hotel says Bondi Beach suspects spent every night in their room
The father and son suspects in the Bondi Beach terror attack spent most of November in a hotel in the Philippines, but the reason for their visit remains unclear.
"Star anesthetist" sentenced for poisoning 30 patients, killing 12
Frederic Pechier's youngest victim, 4-year-old Teddy, survived two cardiac arrests during routine surgery in 2016. The oldest victim was 89.
Soccer star Mario Pineida shot and killed in Ecuador
Guayaquil has become a hotspot for gang violence linked to drug trafficking and several soccer players in Ecuador have been targeted in recent months.
Australian police conduct dramatic operation 4 days after Bondi attack
Police intercepted two vehicles in a Sydney suburb based on "information received that a violent act was possibly being planned."
Entertainment
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Entertainment
What the Oscars' move to YouTube means for TV
Starting in 2029, the Oscars ceremony is moving to YouTube, representing a new era for the awards show, which has seen a steep decline in viewership in recent years. Kelly O'Grady has more.
Medical examiner releases causes of death for Rob and Michele Reiner
Rob Reiner and Michele Singer Reiner died of "multiple sharp force injuries," the Los Angeles County Medical Examiner's Office said Wednesday.
Meg Ryan honors Rob Reiner and his wife Michele
Meg Ryan starred in Rob Reiner's "When Harry Met Sally...," a breakout role that catapulted her career in romantic comedies.
CBS News special celebrates Rob Reiner's life and legacy
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
Rob and Michele Reiner's children speak out after brother's arrest
Jake and Romy Reiner released a statement on Wednesday, remembering their parents, Rob Reiner and Michele Singer Reiner, as their best friends.
Technology
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Technology
How artificial intelligence grew in 2025
In 2025, the integration of artificial intelligence into the U.S. economy and people's everyday lives grew to historic levels. CBS News senior business and technology correspondent Jo Ling Kent joins to recap how the transformative technology expanded over the past year, and what we can expect in 2026.
OpenAI, Amazon in talks over $10B investment
OpenAI, the developer for ChatGPT, and Amazon are in talks over a possible $10 billion investment. Mark DeCambre, editor-in-chief for MarketWatch, joins with more.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Local pushback grows against AI data centers
A frenzy of development to support the artificial intelligence boom is prompting pushback from communities who say they don't want data centers in their backyards. Technology journalist Jacob Ward joins CBS News to discuss.
These are the most popular internet services of 2025, as AI gains traction
Global internet traffic rose 19% this year as people rely more on tech for daily communication and entertainment, a new report finds.
Science
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Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
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Crime
Nick Reiner makes first court appearance
Nick Reiner, Rob and Michele Reiner's son, made his first court appearance Wednesday. His arraignment on charges of murdering his parents was postponed until next month. Meanwhile, the Reiner's two other children have released a statement saying in part, "words cannot even begin to describe the unimaginable pain we are experiencing."
"Star anesthetist" sentenced for poisoning 30 patients, killing 12
Frederic Pechier's youngest victim, 4-year-old Teddy, survived two cardiac arrests during routine surgery in 2016. The oldest victim was 89.
Soccer star Mario Pineida shot and killed in Ecuador
Guayaquil has become a hotspot for gang violence linked to drug trafficking and several soccer players in Ecuador have been targeted in recent months.
Police call for public help in Brown probe
The manhunt for the gunman who killed two students and wounded nine others at Brown University last weekend is now in its fifth day. CBS News legal reporter Katrina Kaufman has the latest from Providence, Rhode Island.
Medical examiner releases causes of death for Rob and Michele Reiner
Rob Reiner and Michele Singer Reiner died of "multiple sharp force injuries," the Los Angeles County Medical Examiner's Office said Wednesday.
Space
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Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
"Wet lava ball" exoplanet may have an atmosphere, evidence shows
Super-Earth TOI-561b is about 40 times closer to its host star than Mercury is to the sun.
NASA says Maven spacecraft that was orbiting Mars has gone silent
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
Black hole spotted blasting winds at 130 million miles per hour
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
"Son of Sam": A serial killer's reign of terror
Calling himself the "Son of Sam" in a letter left at one of the crime scenes, David Berkowitz claimed voices were ordering him to kill -- starting in the summer of 1976, he went on a 13-month spree of impulse killings in New York City that left six dead and seven injured
Latest CBS News Videos
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Latest CBS News Videos
The Uplift: Made with love
Visit a Uyghur restaurant in Southern California, where culture is shared and the food is made with love. Plus, a man who wanted to save his friends life by donating a kidney ends up saving his own life.
Tips to avoid common holiday travel scams
With more than half of Americans planning to travel this holiday season, members of Congress are warning about travel-related scams. CBS News senior business and technology correspondent Jo Ling Kent shares steps you can take to protect yourself.
Fact-checking Trump's affordability claims
President Trump touted the initiatives he says are turning the economy around after the Biden administration. CBS News' Michael George examines the facts, and Anthony Salvanto provides more polling details on the economy.
What the Oscars' move to YouTube means for TV
Starting in 2029, the Oscars ceremony is moving to YouTube, representing a new era for the awards show, which has seen a steep decline in viewership in recent years. Kelly O'Grady has more.
Analysis of Trump's address to Americans
CBS News chief Washington analyst Robert Costa joins "CBS Mornings" to break down President Trump's primetime address to Americans.