SEC charges former FTX CEO with defrauding crypto investors
Securities regulators claim Sam Bankman-Fried built a "house of cards" while telling investors their money was safe.
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Securities regulators claim Sam Bankman-Fried built a "house of cards" while telling investors their money was safe.
Once hailed as a genius, the 30-year-old MIT grad now faces multiple charges of fraud following the collapse of his crypto firm.
Federal prosecutors have charged Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency firm FTX, with fraud. He was arrested Monday in the Bahamas. Michael Parker, head of anti-money laundering and sanctions practice at Ferrari and Associates, joins CBS News' Elaine Quijano and Lana Zak on what happens next in the criminal case against Bankman-Fried.
Former FTX CEO Sam Bankman-Fried has been arrested in the Bahamas at the request of U.S. authorities. The U.S. Securities and Exchange Commission has charged him with orchestrating a scheme to defraud investors. Scott MacFarlane reports.
Former FTX CEO Sam Bankman-Fried has been arrested in the Bahamas on criminal charges and faces extradition to the U.S.. He has also been charged by the Securities and Exchange Commission for allegedly defrauding investors in his cryptocurrency exchange. CBS News congressional correspondent Scott MacFarlane joins "CBS News Mornings" to explain the fallout on Capitol Hill, where Bankman-Fried had been scheduled to testify at a hearing today.
CBS News congressional correspondent Scott MacFarlane joined CBS News' Vladimir Duthiers and Anne-Marie Green with more on the criminal fraud charges filed in the U.S. against Sam Bankman-Fried, the founder of FTX who was arrested in the Bahamas after the cryptocurrency exchange's collapse.
Bankman-Fried was arrested on charges including wire fraud and conspiracy related to the collapse of his cryptocurrency exchange.
Sam Bankman-Fried, founder and former CEO of the FTX cryptocurrency exchange, which recently filed for bankruptcy, has been arrested in the Bahamas based on charges filed in the U.S. CBS News legal contributor Jessica Levinson joins John Dickerson on "Prime Time" with more on this breaking story.
New crypto exchange chief points to massive failures under Sam Bankman-Fried ahead of House committee hearing.
Former FTX CEO tweeted that he's limited to what he can say and "won't be as helpful" as he would like to be.
DOJ officials want to investigate "allegations of fraud, dishonesty, incompetence, misconduct and mismanagement."
Bankman-Fried, who was once worth $26.5 billion, said he had one working credit card and $100,000 left in a bank account.
Recouped funds are a fraction of the billions of dollars thought to have gone missing from the exchange's coffers.
Some of those assets are believed to have been seized by government officials in Bahamas, where company is based.
Total value of cryptocurrencies has fallen more than $1 trillion this year as investor sentiment sours.
Bankruptcy court documents offer a glimpse of just how much the Bahamas-based crypto exchange is in debt.
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
Bankrupt crypto exchange plagued by "complete absence of trustworthy financial information," CEO John Ray III said.
The former FTX CEO tweeted a series of cryptic comments, adding that his "memory might be faulty in parts."
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
One of the world's most prominent cryptocurrency exchanges suddenly crashed and burned. Here's what happened.
World's third-largest cryptocurrency exchange spent big on Super Bowl ads and stadium names. Now it's trying to survive.
The deal, announced via Twitter, would make Binance an even more dominant player in the cryptocurrency industry.
President Trump appeared to lay out his red line of action on Friday when he warned that if the Iranian government began "killing people like they have in the past, we would get involved."
As activists say Iran's anti-government unrest has seen at least 538 people killed, the nation's rulers threaten protesters and U.S. forces across the Mideast.
Democratic Rep. Ilhan Omar denounced a surge of federal agents to Minneapolis targeting Somalis and other immigrants after a fraud scheme in the state.
The Department of Homeland Security policy is dated Jan. 8 and was submitted Saturday in federal court comes amid three Democratic lawmakers being denied entry to an ICE facility in Minneapolis.
In the civil rights era, the agency formed its Community Relations Service, a group of dozens of federal specialists who were informally referred to as "America's peacemaker."
"If they're saying we shouldn't believe our eyes, then let the investigation take place before you characterize this mother of three as a domestic terrorist," Rep. Ilhan Omar said on "Face the Nation with Margaret Brennan."
"I think Congress will stop [President Trump', both Democrats and Republicans," Sen. Tim Kaine about any plans to take Greenland by military force.
President Trump on Saturday announced that Venezuela has "started the process" of releasing its political prisoners.
Authorities have not disclosed the suspect's motive, but Jackson Fire Chief Charles Felton told CBS News the FBI is looking into the possibility of a hate crime.
"If they're saying we shouldn't believe our eyes, then let the investigation take place before you characterize this mother of three as a domestic terrorist," Rep. Ilhan Omar said on "Face the Nation with Margaret Brennan."
Kittitas County Sheriff said four men were on two snowmobiles in an area near Longs Pass trail on Friday afternoon when they were caught in the mass of snow.
Authorities have not disclosed the suspect's motive, but Jackson Fire Chief Charles Felton told CBS News the FBI is looking into the possibility of a hate crime.
The wall text, which summarized Trump's first presidency and noted his 2024 comeback victory, was part of the museum's "American Presidents" exhibition.
On this "Face the Nation with Margaret Brennan" broadcast, Secretary of Energy Chris Wright and Rep. Ilhan Omar join Margaret Brennan.
President Trump called for a one-year cap on credit card interest rates late Friday, an idea that has drawn strong support from lawmakers in both parties but pushback from card issuers.
Midsize cities like Pittsburgh and Columbia, South Carolina, offer some of the best employment prospects, analysis finds.
The White House said it will review its protocols for releasing economic data after President Trump's "inadvertent public disclosure."
After the ACA tax credit lapsed in December, enrollees are opting for less robust health plans or dropping coverage altogether.
Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers.
In the civil rights era, the agency formed its Community Relations Service, a group of dozens of federal specialists who were informally referred to as "America's peacemaker."
"If they're saying we shouldn't believe our eyes, then let the investigation take place before you characterize this mother of three as a domestic terrorist," Rep. Ilhan Omar said on "Face the Nation with Margaret Brennan."
The wall text, which summarized Trump's first presidency and noted his 2024 comeback victory, was part of the museum's "American Presidents" exhibition.
On this "Face the Nation with Margaret Brennan" broadcast, Secretary of Energy Chris Wright and Rep. Ilhan Omar join Margaret Brennan.
Democratic Rep. Ilhan Omar denounced a surge of federal agents to Minneapolis targeting Somalis and other immigrants after a fraud scheme in the state.
Oprah Winfrey is one of the best-known, most-admired and successful people on the planet. But for years she seemed powerless to conquer her fluctuating weight problem … until new medications, and a new attitude about her weight, gave her a breakthrough, which she describes in "Enough," a new book she has co-written with Dr. Ania Jastreboff. They talk with Jane Pauley about an individual's genetically-influenced weight range, and how to reset it. Winfrey also relates the long road she traveled since she began her TV career in Nashville, facing sexism, racism, and comments about her weight.
As millions of Americans struggle with paying for health care, doctors and health experts discuss how medical care is being eroded by insurers denying necessary tests and treatment, making it "more difficult to be healthy in the United States."
Millions of Americans are struggling with medical care – either unable to pay high premiums, burdened with high deductibles, or denied coverage for necessary tests and treatment by health insurance companies. Erin Moriarty of "48 Hours" talks with doctors and health experts about how medical care is being eroded by insurers motivated by profit. As one doctor says, insurance companies have "made it more difficult to be healthy in the United States."
Andy Provencher spent a year searching for the cause of his exhausting symptoms before a physician's assistant suggested a rare illness.
After the ACA tax credit lapsed in December, enrollees are opting for less robust health plans or dropping coverage altogether.
Images on social media showed five heads tied with ropes on two wooden posts at a popular whale watching destination in Ecuador's southwest.
"I think Congress will stop [President Trump', both Democrats and Republicans," Sen. Tim Kaine about any plans to take Greenland by military force.
President Trump appeared to lay out his red line of action on Friday when he warned that if the Iranian government began "killing people like they have in the past, we would get involved."
The following is the transcript of the interview with Sen. Tim Kaine, Democrat of Virginia, that aired on "Face the Nation with Margaret Brennan" on Jan. 11, 2026.
The following is the transcript of the interview with Rep. Ilhan Omar, Democrat of Minnesota, that aired on "Face the Nation with Margaret Brennan" on Jan. 11, 2026.
In this web exclusive, actress Carrie Coon, star of the TV series "The Gilded Age" and "The White Lotus," talks with Jim Axelrod about her return to Broadway in the play "Bug," written by her husband, Tracy Letts. She also talks about the state of Broadway today.
In this web exclusive, actor and playwright Tracy Letts, and actress Carrie Coon, star of the TV series "The Gilded Age" and "The White Lotus," talk with Jim Axelrod about their marriage, and their collaboration in the new Broadway production of "Bug."
For years, she seemed powerless against a fluctuating weight problem, until new medications, and a new attitude, gave Oprah Winfrey a breakthrough. She talks with Jane Pauley about "Enough," a new book co-written with Dr. Ania Jastreboff, about her weight-loss success.
"Sunday Morning" remembers some of the notable figures who left us this past week, including Bob Weir, co-founder of The Grateful Dead.
The star of "The Gilded Age" and "The White Lotus" has returned to Broadway in "Bug," written by her playwright-actor husband. The two talk about their on- and off-stage partnership.
In his new book "Spies, Lies, and Cybercrime," former FBI Counterintelligence Operative Eric O'Neill describes the art of outsmarting cybercriminals and protecting your data and wallet. O'Neill spoke with CBS News' Major Garrett about steps people can take to stay safe online.
Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers.
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.
Britain's leader says all options on the table if Musk's X platform doesn't stop Grok AI tool being used to generate non-consensual sexualized images.
Millions of Americans who use Gmail are getting a new package of tools, driven by artificial intelligence. Google says it's trying to make Gmail more like a personal assistant as it brings more of its Gemini AI to your inbox with three updates. The changes come with some privacy concerns. Jo Ling Kent explains.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
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."
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.
Hannah Pettey, 22, a married mother of two from Alabama, suffered debilitating pain and lost more than 45 pounds as her health rapidly declined. Doctors suspected either her mother or her husband were trying to poison her.
The investigation into the 1995 murder of Texas teacher Mary Catherine Edwards went cold for years. Advances in forensic science and tireless work by investigators would reveal the startling connection between the victim and her killer.
Michael McKee, 39, is accused of shooting and killing his ex-wife, Monique, and her husband, Spencer Tepe. The couple was found dead in their Columbus, Ohio, home last month. Ali Bauman reports.
Michael McKee is the ex-husband of Monique Tepe, according to court records obtained by CBS News. Tepe and her husband, Spencer, were shot and killed in Columbus on Dec. 30.
Luigi Mangione was back in court on Friday, where his lawyers worked to block the Justice Department from seeking the death penalty in his federal trial for the killing of UnitedHealthcare CEO Brian Thompson. Mangione pleaded not guilty in April 2025.
Mike Fincke thanked NASA for making crew health the agency's top priority.
NASA officials reported Thursday that an unidentified member of Crew 11 was dealing with "a medical situation" that would require the crew to return to Earth sooner than anticipated.
Four crew members aboard the International Space Station will be brought home more than a month early in the coming days as NASA cuts its mission short due to health concerns. NASA says the ailing astronaut is stable and while it is not an emergency, weeks more in space are not in the best interest of their health.
The crew at the International Space Station will return home early because of what NASA is calling a medical concern with a crew member. CBS News space consultant Bill Harwood has more details.
NASA on Thursday postponed a scheduled spacewalk on the International Space Station due to a "medical concern." CBS News space consultant Bill Harwood has more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
In this web exclusive, actress Carrie Coon, star of the TV series "The Gilded Age" and "The White Lotus," talks with Jim Axelrod about her return to Broadway in the play "Bug," written by her husband, Tracy Letts. She also talks about the state of Broadway today.
In this web exclusive, actor and playwright Tracy Letts, and actress Carrie Coon, star of the TV series "The Gilded Age" and "The White Lotus," talk with Jim Axelrod about their marriage, and their collaboration in the new Broadway production of "Bug."
In this web exclusive, Oprah Winfrey sits down with Jane Pauley to discuss her lifelong struggles with weight, which she writes about in her new book, "Enough." She also talks about how it affected the journey from her early days in broadcasting to leading a media empire.
Senators last week approved the display of a plaque recognizing the police who defended the Capitol on Jan. 6, 2021, from rioters. Congress voted in 2022 to hang the plaque by March 2023, but some lawmakers opposed the law and delayed its implementation.
Republican Rep. Maria Elvira Salazar of Florida says that Venezuela's opposition leader Maria Corina Machado has "earned" being in power. Machado will be meeting with President Trump this week.