![FTX Co-Founder Sam Bankman-Fried On Trial For Fraud](https://assets2.cbsnewsstatic.com/hub/i/r/2024/09/24/a37807f1-7fc5-46e5-825d-d9f9ef933b94/thumbnail/640x360/7f89d3cb2d669f0a59331bbb6b3a4c1f/gettyimages-1720682370.jpg?v=edba3a63b5392b4c81ae19d894992d91#)
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.
Watch CBS News
Ellison, a former top executive for Sam Bankman-Friend's crypto hedge fund, was sentenced Tuesday for fraud.
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.
FTX says that nearly all of its customers will receive the money back they are owed, two years after the cryptocurrency exchange imploded.
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's lawyer says a recommended sentence of 100 years in prison is "grotesque" and "barbaric."
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.
Sam Bankman-Fried got a test run at testifying at his New York criminal trial when a judge sent jurors home but let him demonstrate portions of his testimony before deciding what jurors will hear on Friday.
A lawyer for Sam Bankman-Fried says the FTX founder plans to testify at his fraud trial.
In emotional testimony, Sam Bankman-Fried's former girlfriend blamed the FTX co-founder for justifying illegal activity.
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."
The new chairman of the House Financial Services Committee said on "The Takeout" this week that Bankman-Fried has "proven himself to be untrustworthy by his actions," and "no word he utters should be believed."
FTX founder duped customers by using their crypto to pay debts at hedge fund Alameda Research, prosecutors say.
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.
Stanford University says the psychologist behind the controversial "Stanford Prison Experiment" has died.
The Oakland Fire Department Chief on Saturday said the fire in the Oakland Hills was 50% contained.
Frightening moments were seen in the Oakland Hills Friday as a fire raced up steep terrain destroying one home and threatening others.
Letter deliverers have been working without a contract since May 2023.
Week 7 could represent the best game played at Levi's Stadium this season as the Kansas City Chiefs are coming to town.
Stanford University says the psychologist behind the controversial "Stanford Prison Experiment" has died.
The Oakland Fire Department Chief on Saturday said the fire in the Oakland Hills was 50% contained.
Frightening moments were seen in the Oakland Hills Friday as a fire raced up steep terrain destroying one home and threatening others.
Letter deliverers have been working without a contract since May 2023.
Week 7 could represent the best game played at Levi's Stadium this season as the Kansas City Chiefs are coming to town.
Stanford University says the psychologist behind the controversial "Stanford Prison Experiment" has died.
San Francisco Unified School District Superintendent Matt Wayne resigned Friday, amid controversy over plans to close or merge more than a dozen schools amid a massive budget shortfall. The district also announced that the closures are on hold.
Harvey Milk Civil Rights Academy in the Castro District is one of 13 public schools the San Francisco Unified School District plans to close or merge with another school. For one family, the fight to keep the school named in honor of an LGBTQ+ icon open is deeply personal.
San Francisco Unified School District Superintendent Matt Wayne could resign as soon as Friday, according to published reports.
Police in San Francisco announced the arrests of three men, including a 49-year-old, suspected of numerous incidents of vandalism throughout the city.
The Oakland Fire Department Chief on Saturday said the fire in the Oakland Hills was 50% contained.
Frightening moments were seen in the Oakland Hills Friday as a fire raced up steep terrain destroying one home and threatening others.
A fast-moving vegetation fire broke out Friday afternoon in the hills of Oakland, California, burning at least two homes before firefighters were able to stop forward progress hours after the incident began.
City officials in Berkeley on Friday urged some residents in the Berkeley Hills to consider leaving their homes, as high winds are expected to raise the risk of fires.
An armed prowler was spotted running in Danville early Friday morning while urging residents to call for the police, authorities said.
Stanford University says the psychologist behind the controversial "Stanford Prison Experiment" has died.
Week 7 could represent the best game played at Levi's Stadium this season as the Kansas City Chiefs are coming to town.
Mountain West Commissioner Gloria Nevarez says she is heartbroken over turmoil surrounding San Jose State volleyball this season.
Two people were injured Thursday evening when a fire broke out at an apartment complex in San Jose, fire officials said.
A San Jose man was killed Tuesday when his pickup truck rolled over him, according to the California Highway Patrol.
In the North Bay, many residents still had electricity amid PG&E 's Public Safety Power Shutoffs Friday thanks to alternate sources of power.
For those who've never shopped at a Costco before, or even for those who are just casual Costco shoppers, it might be a little strange to hear that people have been camping outside the new location in Napa for close to a week.
Residents in the areas affected by the utility's Public Safety Power Shutoffs are no strangers to fire danger. People in Napa County were preparing for what they say has become routine.
An Oakland man was arrested over the weekend for allegedly stealing dirt bikes from a dealership in Santa Rosa and then leading an officer on a pursuit onto U.S. Highway 101, police said.
Authorities in Marin County on Wednesday arrested a woman suspected of stealing more than $80,000 in jewelry and gift cards from a Mill Valley resident employing her as an interior designer.
Week 7 could represent the best game played at Levi's Stadium this season as the Kansas City Chiefs are coming to town.
San Francisco 49ers rookie receiver Ricky Pearsall will be activated and make his NFL debut against Kansas City 50 days after he was shot in the chest.
The San Francisco Giants promoted J.P. Martinez to the team's pitching coach on Friday.
Mountain West Commissioner Gloria Nevarez says she is heartbroken over turmoil surrounding San Jose State volleyball this season.
While Brock Purdy's initial success as "Mr. Irrelevant" came more from his quick release getting the ball to the San Francisco 49ers' deep stable of explosive playmakers, this season has found the quarterback throwing deep more often.
An armed prowler was spotted running in Danville early Friday morning while urging residents to call for the police, authorities said.
There is a growing memorial on a Richmond street where a 16-year-old girl died in a crash involving an allegedly stolen car earlier this week.
Police in San Francisco announced the arrests of three men, including a 49-year-old, suspected of numerous incidents of vandalism throughout the city.
Khazar Momeni, the sister of the man accused of fatally stabbing tech executive and Cash App founder Bob Lee last year, said her brother didn't kill Lee shortly after she took the stand Thursday afternoon.
The San Francisco Medical Examiner's Office has identified a man who police say lost his life when he intervened during an extortion shakedown of a vendor in the Mission District in July.
Two people operating an electronic repair shop in the South Bay have been arrested on multiple charges after allegedly selling stolen laptops from their store.
Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its "strategic goals.".
The lead prosecutor in the trial of Nima Momeni for the deadly stabbing of Cash App executive Bob Lee gave their opening statement Monday, telling jurors, "you are sitting in court with a murderer" while calling the accused an "overprotective wannabe tough guy."
As Florida continues to recover from the aftermath of Hurricane Milton, NOAA said the East Bay tech company Saildrone helped in hurricane forecasting.
Skeptics say CEO Elon Musk has yet to show Tesla's self-driving system can travel safely without human supervision.
"If he's exhausted being on the campaign trail, is he fit to do the job?" Harris asked as Trump refuses to release detailed medical records.
The worst rates of the infection known as "walking pneumonia" or "white lung pneumonia" are in young children ages 2 to 4 years old.
Some of the lowest-paid health care workers in California will get a pay bump Wednesday under a state law gradually increasing their wages to at least $25 an hour.
The district placed traps in areas south of the Amador Valley neighborhood of Pleasanton and found mosquitoes inside and near the Alameda County Fairgrounds and neighborhoods northeast of the fairgrounds.
A teenager who was on the brink of dying in Gaza is getting medical treatment thanks to a team of supporters, including a Bay Area doctor many are calling a hero.
"If he's exhausted being on the campaign trail, is he fit to do the job?" Harris asked as Trump refuses to release detailed medical records.
The judge overseeing President Donald Trump's 2020 election interference case released more evidence collected by special counsel Jack Smith on Friday.
Californians already pay the highest price for gasoline in the country, and some analysts estimate proposed changes to the state's low carbon fuel standard could increase prices at the pump by as much as 65 cents a gallon.
Judge Tanya Chutkan denied Donald Trump's latest request to delay the release of court records and exhibits in his 2020 election interference case until after the election.
A recent rally held at Foothill High School in Pleasanton aimed to show students how to register and pre-register to vote for this year's election.
A jury in Santa Clara County on Wednesday convicted a Milpitas man of murder for killing his transgender partner in 2021, prosecutors said.
On Tuesday, the battle for LGBT rights took a new turn when the Pentagon announced that it was proactively changing the discharge status to "honorable" for hundreds of service members expelled for being gay during the "don't ask, don't tell" era.
John Ramos reports on the Pentagon announcing it will change the discharge status to "honorable" for hundreds expelled during "don't ask, don't tell" era.
An honorable discharge status unlocks access to critical benefits that some veterans may have been missing out on for decades.
In the heart of San Francisco's Castro District, Antonio Castellanos is redefining a beloved Mexican tradition with a bold new vision for representation.
One of the most beloved local bands on the Bay Area punk scene, Shannon and the Clams play songs from their latest effort "The Moon Is In The Wrong Place" when they headline the Fox Theater in Oakland Saturday.
Liam Payne, 31, died Wednesday after falling into the interior patio of a hotel in Buenos Aires, Argentina.
A Bay Area woman has filed a lawsuit claiming Sean "Diddy" Combs and his entourage drugged and sexually assaulted her in an Orinda home six years ago.
One of Northern California's preeminent purveyors of unhinged garage rock, Sacramento band Th' Losin Streaks plays a special set at the Make-Out Room Friday night backing rockabilly great Deke Dickerson.
Virtuoso scratch master DJ Qbert plays a hometown show Saturday when he headlines the Great American Music Hall.
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.
Brian Hackney reports on the tarantula breeding season. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Andrea Nakano reports on the fire that happened in Oakland Hills on Friday. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Matt Lively reports on the San Francisco 49ers.
with Zoe Mintz.
CBS News Bay Area morning edition headlines for Oct. 19, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
If a picture is worth a thousand words, what are two million photos worth? A history of Asian Americans in the Bay Area, for this week's Jefferson Award winner.
While stroke rehabilitation is often a difficult road, a South Bay couple is providing local patients some valuable support.
For nearly 50 years, a Vietnam veteran from San Francisco has served as a national champion for military veterans.
A beloved 88-year-old volunteer shows there's power in reading to children and her giving ways are an example for all ages.
At her home in San Jose, 91-year-old Terry Asquith looks back at how she's given the gift of life to at-risk babies. 50 years ago, she founded the nation's oldest nonprofit milk bank, Mothers' Milk Bank.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
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.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.