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.
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.
A Santa Rosa man was arrested Monday following a series of fires last week that police said were sparked by illegal fireworks.
Monterey County District Attorney Jeannine Pacioni announced charges Tuesday for the 1991 cold case killings of an elderly woman and her son-in-law in Prunedale.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
A new artificial turf surface at the Oakland Athletics' temporary home in Sacramento will have a hydration element because of summer heat at the open-air ballpark.
A Santa Rosa man was arrested Monday following a series of fires last week that police said were sparked by illegal fireworks.
Monterey County District Attorney Jeannine Pacioni announced charges Tuesday for the 1991 cold case killings of an elderly woman and her son-in-law in Prunedale.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
A new artificial turf surface at the Oakland Athletics' temporary home in Sacramento will have a hydration element because of summer heat at the open-air ballpark.
Police in San Francisco on Tuesday asked for the public's help identifying a man who was recently captured on video blocking a Waymo vehicle before he allegedly assaulted a "cognitively impaired" person, leaving the victim hospitalized with life-threatening injuries.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Police in San Francisco on Tuesday asked for the public's help identifying a man who was recently captured on video blocking a Waymo vehicle before he allegedly assaulted a "cognitively impaired" person, leaving the victim hospitalized with life-threatening injuries.
Millbrae citizens, angry over the potential conversion of a hotel into a permanent supportive housing project, are in the middle of a special election that could recall two councilmembers who support it.
San Mateo County Superior Court will reduce several services due to state budget cuts, the court announced Monday.
One of the two Americans convicted in the 2019 stabbing death of an Italian plainclothes police officer has been granted house arrest.
A new free ferry service linking Jack London Square in Oakland to a shopping center in nearby Alameda is set to launch on Wednesday, officials said.
A crash involving two big rigs on Interstate Highway 680 in Alamo temporarily closed all northbound lanes Tuesday morning.
Walnut Creek police arrested a man suspected of shooting at someone last week in the downtown area.
Over the weekend, Contra Costa County officials unveiled a new residential complex for homeless residents.
Authorities said a man who recently committed a robbery spree involving three Oakland restaurants had been released from prison days earlier.
Monterey County District Attorney Jeannine Pacioni announced charges Tuesday for the 1991 cold case killings of an elderly woman and her son-in-law in Prunedale.
Two earthquakes were recorded early Tuesday morning near Gilroy, according to the US Geological Survey.
On a warm summer day at an East San Jose housing complex, Ayesha Charagulla is working to bridge the gap between privilege and poverty in Silicon Valley.
Police in Palo Alto are searching for two suspects after an elderly woman reported her necklace was stolen while she was taking a walk over the weekend.
Three people will be sentenced after pleading guilty in two separate workers compensation fraud cases, the Santa Clara District Attorney's Office announced Monday.
A Santa Rosa man was arrested Monday following a series of fires last week that police said were sparked by illegal fireworks.
Authorities in Mendocino County are investigating after a Caltrans electronic highway sign was tampered with so it displayed a virulently racist message to drivers over the weekend.
One of the two Americans convicted in the 2019 stabbing death of an Italian plainclothes police officer has been granted house arrest.
Prosecutors allege that a driver who fatally hit a Vacaville police officer last week intentionally ran him down, and filed murder charges that include killing an officer while he was on duty.
A 21-year-old Petaluma man was arrested on suspicion of driving under the influence after his vehicle crashed into a Petaluma residence.
A new artificial turf surface at the Oakland Athletics' temporary home in Sacramento will have a hydration element because of summer heat at the open-air ballpark.
A person familiar with the negotiations tells The Associated Press that star wide receiver Brandon Aiyuk has requested a trade from the San Francisco 49ers because the two sides haven't made progress on a new deal.
Joe "Jellybean" Bryant, a former Philadelphia 76ers and La Salle University basketball great and the father of the late, NBA legend Kobe Bryant, has died. He was 69.
Fresno State football coach Jeff Tedford says he's stepping down because of health concerns.
The 24th Annual Kahuna Kupuna Benefit Surf Contest recently took place in Pacifica to celebrate the talents of older surfers.
A Santa Rosa man was arrested Monday following a series of fires last week that police said were sparked by illegal fireworks.
Monterey County District Attorney Jeannine Pacioni announced charges Tuesday for the 1991 cold case killings of an elderly woman and her son-in-law in Prunedale.
Police in San Francisco on Tuesday asked for the public's help identifying a man who was recently captured on video blocking a Waymo vehicle before he allegedly assaulted a "cognitively impaired" person, leaving the victim hospitalized with life-threatening injuries.
San Mateo County Superior Court will reduce several services due to state budget cuts, the court announced Monday.
Authorities in Mendocino County are investigating after a Caltrans electronic highway sign was tampered with so it displayed a virulently racist message to drivers over the weekend.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
On a warm summer day at an East San Jose housing complex, Ayesha Charagulla is working to bridge the gap between privilege and poverty in Silicon Valley.
OpenAI whistleblowers have filed a complaint with the Securities and Exchange Commission and asked the agency to investigate whether the company illegally restricted workers from speaking out about the risks of its artificial intelligence technology.
San Francisco, Oakland and Fremont were awarded a combined $32 million from the California Public Utilities Commission last week to expand internet access to underserved communities.
East Palo Alto is looking to join the growing list of Bay Area cities with license-plate-reading cameras installed by law enforcement. The mayor and police chief believe these cameras will also help East Palo Alto improve its reputation.
A UC Davis researcher spoke about what causes heart failure, what fixes it, and how that could be different for men and women.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
The City of Berkeley failed to complete over two-thirds of mandatory restaurant inspections last year, an auditor's report revealed Wednesday.
State water officials have issued a "danger" advisory at multiple locations in Discovery Bay after finding evidence of harmful algae blooms.
Santa Cruz County public health officials said Monday someone with measles was in Santa Cruz last week.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Millbrae citizens, angry over the potential conversion of a hotel into a permanent supportive housing project, are in the middle of a special election that could recall two councilmembers who support it.
San Mateo County Superior Court will reduce several services due to state budget cuts, the court announced Monday.
Republican vice-presidential nominee JD Vance wrote in his memoir that he "couldn't do it without Usha," his wife.
Sen. Bob Menendez tried to shift the blame to his wife, Nadine Menendez, but was found guilty on all 16 felony counts for a scheme involving bribery and business favors.
California Gov. Gavin Newsom has signed a law barring school districts from passing policies requiring schools to notify parents if their child asks to change their gender identification.
San Leandro is hosting its first Pride celebration and organizers spoke to KPIX about the decision to launch the celebration now.
One San Francisco bookstore is fighting book bans by shipping LGBT+ books to directly the Deep South for free.
Public health officials came armed with a serious message for Pride Month: Get vaccinated against mpox.
Thousands of people gathered on Sunday in downtown San Francisco to celebrate the annual Pride Parade supporting the LGBTQ community.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Police in Santa Clara on Monday issued a traffic advisory for Wednesday night's Rolling Stones concert being held at Levi's Stadium.
The son of Afrobeat pioneer Fela Kuti, Seun Kuti brings his band Egypt 80 to the SFJAZZ Center for two nights beginning Thursday.
Bay Area guitar hero Ethan Miller leads his powerhouse psychedelic roots-rock outfit Howlin Rain through songs from the the band's most recent album 'The Dharma Wheel' at the Kilowatt in San Francisco Friday.
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.
San Francisco police released video showing an assault suspect blocking a Waymo vehicle before attacking a "cognitively impaired" victim who suffered life-threatening injuries.
CBS News Bay Area afternoon headlines for Tuesday, July 16, 2024. Watch full newscasts streamed at the CBS SF website or on the app. Website: http://kpix.com
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Now into its second decade, a San Francisco nonprofit has been giving inner city kids free surfing lessons. For many, it's their first time in the ocean.
A woman who experienced bullying as a middle school student has spent the last 22 years giving young people a safe place to belong and grow.
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A San Pablo no-kill shelter that's considered a last resort for animals is scrambling to find an affordable new home quickly.
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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.
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