FTX founder Sam Bankman-Fried hit with new fraud charges
Prosecutors unveiled securities fraud and other fresh charges against the former cryptocurrency mogul.
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Prosecutors unveiled securities fraud and other fresh charges against the former cryptocurrency mogul.
"Why am I being asked to set him loose in this garden of electronic devices?" Judge Lewis Kaplan asked prosecutors.
They also seized 55.27 million shares of Robinhood stock currently valued at about $526 million.
Miami-Dade County owns the arena and negotiated what was to be a 19-year, $135 million naming rights deal with FTX back in 2021.
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, pleaded not guilty to charges that he defrauded customers out of billions of dollars. His trial is set for October.
Disgraced crypto king Sam Bankman-Fried pleaded not guilty to a slew of charges related to his defunct cryptocurrency exchange in federal court in Manhattan. Michael Parker, head of the anti-money-laundering and sanctions practice at Ferrari and Associates, joins CBS News' Elaine Quijano to discuss the details of SBF's case.
FTX founder Sam Bankman-Fried pleaded not guilty to charges of defrauding customers and investors while appearing in court in New York today. Randy Zelin, a criminal defense attorney, adjunct professor for Cornell University Law School and former prosecutor, joins CBS News to discuss the case.
FTX founder duped customers by using their crypto to pay debts at hedge fund Alameda Research, prosecutors say.
Iran has embraced cryptocurrency as a means to avoid international sanctions and make more money. Eric Lob, a non-resident scholar with the Middle East Institute's Iran program and an associate professor at Florida International University, joins CBS News to discusses his research.
Before the collapse of crypto exchange FTX, company founder Sam Bankman-Fried gave millions to groups supporting candidates on both sides of the aisle, including about $40 million in political donations in the 2022 election cycle. He is now under arrest on fraud charges. CBS News political reporter Aaron Navarro joins Jeff Pegues with more.
Users of the cryptocurrency exchange accuse it of stealing their assets and stopping them from making withdrawals.
The collapse of cryptocurrency exchange FTX has sent shockwaves across the industry. The company's founder, Sam Bankman-Fried, is under house arrest after his extradition to the U.S. last week. Laila Maidan, an investing correspondent for Business Insider, joined CBS News with more on the FTX collapse and its impact on the crypto industry in the upcoming year.
The founder of now-collapsed cryptocurrency exchange FTX will be under house arrest in California after being released on $250 million bail. CBS News correspondent Lilia Luciano joins "CBS News Mornings" to explain why the judge decided to allow bail.
FTX co-founder Sam Bankman-Fried was released on $250 million bond. The disgraced 30-year-old was extradited from the Bahamas to the U.S. as FTX co-founder Gary Wang and the former CEO at Alameda Research Caroline Ellison pleaded guilty to fraud. Bankman-Fried is facing allegations that he defrauded investors and customers out of billions of dollars through his now bankrupt crypto currency exchange FTX. Lilia Luciano reports.
The FTX founder was ordered to home confinement at his parents' home in Palo Alto, California.
Word of the agreements came on the same day Bankman-Fried was being flown back to the U.S. from the Bahamas to face fraud charges.
Binance, one of the world's largest cryptocurrency exchanges, is facing questions about its business model and the stability of crypto markets. Binance chief strategy officer Patrick Hillmann joins CBS News to discuss the impact FTX's collapse is having on the market.
Bankman-Fried was arrested last Monday in the Bahamas at the request of the U.S. government based on charges of wire fraud and conspiracy.
Former FTX CEO Sam Bankman-Fried appeared in a Bahamas court Monday and was expected not to fight U.S. extradition. Laila Maidan, investing correspondent with Insider, joins CBS News' Lilia Luciano and Lana Zak with more on the fallout from the FTX collapse.
Bankman-Fried is in Bahamas courthouse, where he is expected to tell judge he will not fight extradition to U.S.
A bankruptcy court is hearing FTX's case days after its founder Sam Bankman-Fried was charged with fraud. He told the Wall Street Journal prior to his arrest that he did not know about potential fraud at his company, and "can only guess" where billions of dollars from his customers went. WSJ reporter Alexander Osipovich interviewed Bankman-Fried, and joins CBS News to discuss the former CEO and the ongoing investigations into his failed crypto company.
Customers of Binance, the biggest crypto exchange, withdrew billions in funds this week. The company says it's safe.
Federal prosecutors charged FTX Trading founder Sam Bankman-Fried with eight counts including fraud, money laundering and other financial crimes. Scott MacFarlane reports.
FTX founder Sam Bankman-Fried is facing a slew of federal fraud and money laundering charges following the collapse of his crypto exchange. CBS congressional correspondent Scott MacFarlane breaks down the latest in the investigation from Capitol Hill.
The House Committee on Financial Services held a hearing on the collapse of FTX Tuesday. FTX founder Sam Bankman-Fried had been scheduled to testify, but was arrested Monday on fraud and money laundering charges. CBS News congressional correspondent Scott MacFarlane, and CBS News Radio White House correspondent Steven Portnoy, discussed the latest on this story and more on "Red and Blue."
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Federal prosecutors on Thursday presented an indictment of New York Attorney General Letitia James to a grand jury in Norfolk, Virginia.
Texas approved a new congressional map this summer after Trump urged state GOP lawmakers to craft new House district lines to help Republicans hold onto their majority in the 2026 midterms.
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
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Luigi Mangione will be back in court Friday as a crucial court hearing about what evidence should be admitted in the trial continues.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
ICE began enhanced operations in the Minneapolis-St. Paul area this week, as President Trump rails against Somali people in Minnesota.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Luigi Mangione will be back in court Friday as a crucial court hearing about what evidence should be admitted in the trial continues.
Officials have said that jaguar breeding in the U.S. has not been documented in more than a century.
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
At least 87 people have been killed since the vessel strikes began in early September.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
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A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
Investigations released by the Navy into accidents involving the Truman Carrier Strike Group recommended ensuring processes are followed even when faced with adversity.
At least 87 people have been killed since the vessel strikes began in early September.
ICE began enhanced operations in the Minneapolis-St. Paul area this week, as President Trump rails against Somali people in Minnesota.
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The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
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The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
As the White House tries to curb Moscow's energy income, Vladimir Putin enjoys a warm welcome in India, and promises an "uninterrupted supply" of Russian fuel.
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Investigations released by the Navy into accidents involving the Truman Carrier Strike Group recommended ensuring processes are followed even when faced with adversity.
At least 87 people have been killed since the vessel strikes began in early September.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
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A Virginia man faces two federal charges in connection with the pipe bombs planted in Washington, D.C., on the eve of the Jan. 6, 2021, U.S. Capitol riots. CBS News' Scott MacFarlane reports.
The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
New evidence was presented in court in connection with the case against Luigi Mangione, the man accused of shooting UnitedHealthcare CEO Brian Thompson. CBS News' Katrina Kaufman reports.
New York Attorney General Letitia James reacted to news of a federal grand jury refusing to re-indict her after earlier fraud charges against her were thrown out. CBS News legal contributor Caroline Polisi has more.
The Pentagon announced another strike against an alleged drug-carrying boat in the eastern Pacific Ocean. This comes as lawmakers react to a classified briefing on the controversial Sept. 2 strikes targeting a vessel near Venezuela. CBS News' Nikole Killion reports.
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
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A Virginia man faces two federal charges in connection with the pipe bombs planted in Washington, D.C., on the eve of the Jan. 6, 2021, U.S. Capitol riots. CBS News' Scott MacFarlane reports.
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Frigid temperatures are expected in parts of the U.S. through the weekend. Plus, more details have emerged about the classified briefing on the controversial Sept. 2 boat strikes near Venezuela. All that and all that matters in today's Eye Opener.
The Pentagon announced another strike on an alleged drug boat in the Pacific Ocean, hours after lawmakers received a classified briefing on a Sept. 2 attack. Charlie D'Agata reports.
Republicans and Democrats in Congress received a classified briefing on the deadly Sept. 2 strikes against a vessel apparently carrying drugs toward the U.S. CBS News' Charlie D'Agata reports.