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.
Sam Bankman-Fried
FTX founder Sam Bankman-Fried appeals fraud conviction
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.
Michael Lewis on new book
Best-selling author Michael Lewis, who had unprecedented access to FTX founder Sam Bankman-Fried, is releasing a new afterword in the paperback version of "Going Infinite." He shares his thoughts on the trial's outcome and the controversy surrounding his portrayal of Bankman-Fried.
FTX files plan to fully reimburse customers it defrauded of billions
FTX says that nearly all of its customers will receive the money back they are owed, two years after the cryptocurrency exchange imploded.
Sam Bankman-Fried sentenced to 25 years
Sam Bankman-Fried was sentenced to 25 years in prison for his role in the sudden collapse of the FTX crypto exchange. Prosecutors say he defrauded customers out of more than $8 billion, one of the largest financial crimes in U.S. history. Errol Barnett reports.
Sam Bankman-Fried apologizes at sentencing
A judge sentenced disgraced FTX founder Sam Bankman-Fried to 25 years in prison Thursday. A jury convicted the 32-year-old of fraud and conspiracy in November. CBS News national correspondent Errol Barnett reports.
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.
Sam Bankman-Fried sentenced to 25 years
FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison for his role in the cryptocurrency fraud scheme that brought down his company and lost investors billions. CBS News' Errol Barnett reports.
Sam Bankman-Fried deserves 40 to 50 years in prison, prosecutors say
Sam Bankman-Fried, 32, is scheduled to be sentenced on March 28 following his November conviction on fraud and conspiracy charges.
Sam Bankman-Fried asks judge to reject 100-year recommended sentence
Sam Bankman-Fried's lawyer says a recommended sentence of 100 years in prison is "grotesque" and "barbaric."
Feds say they won't bring second trial against Sam Bankman-Fried
Prosecutors wrote in a letter that evidence presented at a second trial would duplicate evidence already shown to the jury in the first trial.
AI, Elon Musk and 2023's biggest tech stories
From the rise of artificial intelligence to Elon Musk's rebranding of Twitter, 2023 saw major changes in the tech industry. CBS News senior business and tech correspondent Jo Ling Kent joins to look back at the year in tech -- and to discuss where the industry is headed in 2024.
Biggest financial stories heading into 2024
Concerns over inflation and a potential recession drove economic headlines in 2023, but new data shows consumer confidence is at a five-month high as we head into the new year. Javier David, CBS News contributor and a managing editor of business and markets at Axios, has a look at the economic outlook for 2024.
Bankman-Fried trial jury finds him guilty
Sam Bankman-Fried's trial came to an end Thursday with the jury finding him guilty on all charges, including fraud, conspiracy and money laundering. CBS News national correspondent Errol Barnett was in court as the verdict was read.
Bankman-Fried's possible prison sentence
FTX founder Sam Bankman-Fried has been found guilty on all seven counts of fraud, conspiracy and money laundering following more than two weeks of testimony in one of the highest-profile financial crime cases in years. CBS News national correspondent Errol Barnett has more.
Sam Bankman-Fried guilty in FTX fraud case
A Manhattan jury deliberated less than four hours before finding FTX founder Sam Bankman-Fried guilty of seven counts of fraud and conspiracy. Prosecutors are calling the $10 billion scheme one of the biggest financial frauds in American history. CBS News' Errol Barnett reports.
Sam Bankman-Fried found guilty in FTX crypto fraud case
The former billionaire cryptocurrency mogul faces a potential prison term of more than a century following his conviction.
Sam Bankman-Fried found guilty in FTX case
A jury Thursday night found FTX founder Sam Bankman-Fried guilty on all seven counts of fraud, conspiracy and money laundering following more than two weeks of testimony in one of the highest-profile financial crime cases in years. CBS News legal analyst Rikki Klieman and national correspondent Errol Barnett have more.
SBF's trial reaches closing arguments
Closing arguments were underway Wednesday in FTX founder Sam Bankman-Fried's trial in New York. CBS News correspondent Errol Barnett has been covering the trial and has the latest on Bankman-Fried's testimony.
Jury deliberating in Bankman-Fried trial
Jury deliberations are set to begin in the New York trial of FTX founder Sam Bankman-Fried. The jury will have to consider if Bankman-Fried's statements on the stand contradict evidence presented by the prosecution. CBS News national correspondent Errol Barnett has the latest as attention turns to the jury.
Sam Bankman-Fried back on witness stand
Sam Bankman-Fried was back on the witness stand at his trial Tuesday as prosecutors argued he moved to protect his assets while FTX, his cryptocurrency exchange company, tumbled. CBS News national correspondent Errol Barnett reports on Bankman-Fried's testimony.
FTX founder Sam Bankman-Fried takes the stand
Sam Bankman-Fried will take the stand Thursday as he defends himself in a trial against seven charges. A number of Bankman-Fried's colleagues have testified against him in cooperation with prosecutors. CBS News national correspondent Errol Barnett has a preview of Bankman-Fried's defense.
Ex says SBF bribed Chinese officials
Sam Bankman-Fried's ex-girlfriend is back on the witness stand facing cross-examination from the disgraced FTX founder's lawyers. Caroline Ellison has repeatedly told jurors Bankman-Fried was the mastermind behind the crimes that led to the company's downfall. CBS News national correspondent Errol Barnett has the latest.
Bankman-Fried's lawyer struggles to poke holes in ex-girlfriend's testimony
It was a rough day in court for Sam Bankman-Fried's defense, with Judge Lewis Kaplan pressing the FTX co-founder's lawyer on his line of questioning.
Sam Bankman-Fried's ex-girlfriend testifies
Caroline Ellison, Sam Bankman-Fried's ex-girlfriend, is back on the witness stand Wednesday in the FTX founder's fraud trial. Ellison previously pleaded guilty to multiple charges and agreed to cooperate with the prosecution. CBS News national correspondent Errol Barnett is at the courthouse and has the latest on Ellison's testimony.
Live
Tankers attacked as Iran says it could abandon talks over Trump's threats
As many as 3 tankers come under attack in the Strait of Hormuz as the U.S. and Iran continue exchanging threats with peace talks on hold.
Trump lauds Erdogan, announces lifting sanctions as NATO summit begins
Amid simmering tensions between the U.S. and some NATO allies over Iran and Greenland, President Trump will continue to press other countries to boost defense spending.
Sen. Bernie Sanders says he encouraged Graham Platner to step aside
Independent Sen. Bernie Sanders of Vermont said Tuesday that he spoke with Maine Democratic Senate nominee Graham Platner and recommended that he exit the Senate race.
Prince Harry loses long legal battle against U.K. tabloid publisher
Prince Harry has lost his case against the publisher of the Daily Mail and Mail on Sunday tabloids, with the top U.K. court dismissing claims of illegal information gathering.
Nara Organics infant formula linked to another case of botulism
The FDA is urging parents and caregivers to immediately stop using a Nara Organics-brand formula after several infants contracted botulism.
U.K. far-right leader Nigel Farage resigns as lawmaker in risky gamble
Populist British lawmaker Nigel Farage has resigned amid a financial scandal, but says he'll run in a snap election to reclaim his seat.
Democrats Stevens and El-Sayed face off in primary debate for Michigan Senate
The debate comes days after a third candidate, Mallory McMorrow, suspended her campaign.
Evidence found behind Cracker Barrel helps solve 1985 cold case murder
Ohio police say they've solved a man's 1985 murder using old evidence, including items found soon after the killing behind a Cracker Barrel in Georgia.
Toyota, in $3.6 billion move, shifting Tacoma production to Texas from Mexico
Toyota says it's shifting most production of its mid-size Tacoma pick-up truck from Mexico to the United States as part of a $3.6 billion investment in its San Antonio, Texas plant.
U.S.
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Sen. Bernie Sanders says he encouraged Graham Platner to step aside
Independent Sen. Bernie Sanders of Vermont said Tuesday that he spoke with Maine Democratic Senate nominee Graham Platner and recommended that he exit the Senate race.
Video shows "well fed" great white shark eating whale off Rhode Island
A great white shark was captured feeding on the carcass of a humpback whale near Rhode Island, in rare video footage.
Gotham FC's governor says club's move to NYC is "the next chapter"
Gotham FC's announced Tuesday the women's soccer team is moving home games from New Jersey to the Etihad Park stadium in Queens, New York.
Nara Organics infant formula linked to another case of botulism
The FDA is urging parents and caregivers to immediately stop using a Nara Organics-brand formula after several infants contracted botulism.
Evidence found behind Cracker Barrel helps solve 1985 cold case murder
Ohio police say they've solved a man's 1985 murder using old evidence, including items found soon after the killing behind a Cracker Barrel in Georgia.
MoneyWatch
More MoneyWatch
Nara Organics infant formula linked to another case of botulism
The FDA is urging parents and caregivers to immediately stop using a Nara Organics-brand formula after several infants contracted botulism.
Walmart cuts prices on thousands of items, including beef and soda
President Trump praised Walmart and said the lower prices are the result of "my Administration's request to celebrate our great Country's 250th birthday."
Toyota, in $3.6 billion move, shifting Tacoma production to Texas from Mexico
Toyota is shifting most production of its midsize Tacoma pickup truck from Mexico to the U.S. as part of a $3.6 billion investment in its Texas plant.
AI actor Tilly Norwood set to star in first feature film
AI-generated actor Tilly Norwood is set to star in her first feature film, with her creator saying that "art will be imitating life."
Microsoft to cut more than 3,000 jobs from ailing Xbox unit
Microsoft moves to slash costs as the video game industry faces what the tech giant calls the "most severe hardware crisis in its history."
Politics
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Sen. Bernie Sanders says he encouraged Graham Platner to step aside
Independent Sen. Bernie Sanders of Vermont said Tuesday that he spoke with Maine Democratic Senate nominee Graham Platner and recommended that he exit the Senate race.
Rahm Emanuel expected to say Israel needs "significant changes" in speech
Rahm Emanuel is viewed as a potential Democratic presidential candidate and has been a longtime defender of Israel.
U.K. far-right leader Nigel Farage resigns as lawmaker in risky gamble
Populist British lawmaker Nigel Farage has resigned amid a financial scandal, but says he'll run in a snap election to reclaim his seat.
Cuba slowly getting power back after third nationwide blackout in 6 months
Cubans were gradually getting power restored after the third nationwide power outage this year, causing mounting despair in the face of an energy collapse precipitated by a U.S. fuel blockade.
Democrats Stevens and El-Sayed face off in primary debate for Michigan Senate
The debate comes days after a third candidate, Mallory McMorrow, suspended her campaign.
HealthWatch
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Nara Organics infant formula linked to another case of botulism
The FDA is urging parents and caregivers to immediately stop using a Nara Organics-brand formula after several infants contracted botulism.
Switching to a cheaper health plan delayed a man's access to vital medicine
A Florida man thought he had carefully planned for a seamless switch between health plans. It was anything but.
"Very unhealthy" pollution levels recorded in D.C. after July 4th fireworks
A "purple" air quality alert was issued for Washington, D.C., and surrounding areas, on Sunday, meaning pollution reached levels considered "very unhealthy."
1 symptom leads to dad's cancer diagnosis: "I was like, 'Wait, what?'"
Eric Dillon thought the pain in his shoulder was a minor injury. It took two years to get the real answer.
Why tick season is expected to be worse than normal
The CDC is reporting the highest rate of emergency room visits from tick bites since 2017 in many parts of the U.S.
World
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Mexico probing possible U.S. violation in drug lord capture: "Someone lied"
Mexico said it is investigating whether its sovereignty was violated by the United States in the 2024 capture of drug lord Ismael "El Mayo" Zambada.
Rahm Emanuel expected to say Israel needs "significant changes" in speech
Rahm Emanuel is viewed as a potential Democratic presidential candidate and has been a longtime defender of Israel.
U.K. far-right leader Nigel Farage resigns as lawmaker in risky gamble
Populist British lawmaker Nigel Farage has resigned amid a financial scandal, but says he'll run in a snap election to reclaim his seat.
Prince Harry loses long legal battle against U.K. tabloid publisher
Prince Harry has lost his case against the publisher of the Daily Mail and Mail on Sunday tabloids, with the top U.K. court dismissing claims of illegal information gathering.
French right-wing leader Marine Le Pen cleared to run in 2027 election
Le Pen is now eligible to run in the forthcoming election, but would have to do so wearing an electronic tag, something she has previously ruled out.
Entertainment
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Prince Harry loses long legal battle against U.K. tabloid publisher
Prince Harry has lost his case against the publisher of the Daily Mail and Mail on Sunday tabloids, with the top U.K. court dismissing claims of illegal information gathering.
Common on starring in "Silo" series
Common speaks to "CBS Mornings" about starring in the series "Silo," which is back for a third season. The Oscar, Emmy and Grammy Award winner reveals what drew him to his character. He also discusses recent performances, including at the BET Awards and the opening of the Obama Presidential Center.
Sophie Chen Keller reads "Little Wonder"
Oprah Winfrey selected "Little Wonder" by acclaimed author Sophie Chen Keller as her latest book club pick. Keller reads an excerpt from her novel about an extraordinary journey of hope and love.
Details emerge of Swift-Kelce wedding
The highly anticipated wedding between pop superstar Taylor Swift and Kansas City Chiefs Pro Bowler Travis Kelce took place at Madison Square Garden on Friday. Page Six senior reporter Carlos Greer joins with the emerging details.
AI actor Tilly Norwood set to star in first feature film
AI-generated actor Tilly Norwood is set to star in her first feature film, with her creator saying that "art will be imitating life."
Technology
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Microsoft to cut more than 3,000 jobs from ailing Xbox unit
Microsoft moves to slash costs as the video game industry faces what the tech giant calls the "most severe hardware crisis in its history."
Why U.S. initially restricted Anthropic AI models
The Trump administration has lifted export restrictions on Anthropic's most advanced artificial intelligence models, Fable and Mythos, after weeks of negotiations over national security concerns. CNET Editor-in-Chief David Katzmaier joins to discuss.
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.
White House lifted AI limits, Anthropic says
Tech giant Anthropic says that the federal government has now removed restrictions from its robust Claude Fable 5 and Mythos 5 models. Axios reporter Madison Mills has more on artificial intelligence regulation.
Sony to stop making physical discs for PlayStation starting in 2028
After January 2028, new games will be available exclusively in digital format from the PlayStation Store and at retailers, Sony said.
Science
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2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
The American innovation that made millions of others possible
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
New White House UFO panel chair speaks out
The White House appointed former Harvard University astronomer Avi Loeb to lead its new panel on Unidentified Anomalous Phenomena, also known as UAPs and UFOs. Loeb shares his enthusiasm for his new role.
3 futurists predict what America will be like in the centuries ahead
From space to healthcare and artificial intelligence, what could the next 250 years of the United States look like?
Crime
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Mexico probing possible U.S. violation in drug lord capture: "Someone lied"
Mexico said it is investigating whether its sovereignty was violated by the United States in the 2024 capture of drug lord Ismael "El Mayo" Zambada.
Ex-college hoops star accused of posing as other people in $2.2M scam
Kerr Kriisa posed as other people and falsely claimed he and his family urgently needed money to deal with an emergency, the indictment says.
Democrats tell Platner to leave Senate race
Democratic leadership is pushing Maine's Graham Platner to remove himself from the Senate race after a former partner accused Platner of sexual assault. CBS News' Caitlin Huey-Burns has the latest details.
Prosecutors present case against Kirk suspect
Prosecutors in Utah began presenting their case on Monday against Tyler Robinson, who is accused of killing Charlie Kirk, during a five-day preliminary hearing. Prosecutors are aiming to prove they have enough evidence to move forward with a murder trial against Robinson, who has not yet entered a plea. Carter Evans reports.
Evidence found behind Cracker Barrel helps solve 1985 cold case murder
Ohio police say they've solved a man's 1985 murder using old evidence, including items found soon after the killing behind a Cracker Barrel in Georgia.
Space
More Space
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
NASA astronauts operate on space station's broken robot arm
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
NASA prepares to launch rescue to save telescope from falling to Earth
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Latest Galleries
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Celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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.
Latest CBS News Videos
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Latest CBS News Videos
Sanders says he told Platner to drop out
Sen. Bernie Sanders says he told Graham Platner to drop out of his Senate race in Maine after a woman accused Platner of sexual assault. CBS News' Fin Gómez has more.
Sen. Durbin on Trump lifting Turkey sanctions
Illinois Democratic Sen. Dick Durbin joins CBS News 24/7 to discuss President Trump's announcement at the NATO summit that he's lifting U.S. sanctions on Turkey.
Mamdani on urgent NYC building situation
New York City Mayor Zohran Mamdani provided updates after firefighters responded to a construction site following concerns about a building at risk of collapse. Several surrounding buildings have been evacuated.
NYC building evacuated amid collapse concerns
Bricks fell from a building on East 42nd Street in New York City, prompting evacuations on Tuesday. CBS News' Lilia Luciano reports.
Video shows roof collapse after heavy rain
Damaging wind and torrential rain pounded the Northeast, flooding streets and downing trees. Dramatic video shows the moment the roof at a BJ's Wholesale Club came crashing down. No one in the Ocean Township, New Jersey, store was injured. Meg Oliver and Rob Marciano report.