bankman-fried, it will not be because of mr. bankman-fried.d: having gone through law school myself and covered in my career at bloomberg other fraud and white-collar crime cases there are guidelines and then there is the human element of the judge. you mentioned bernie made off and the prosecutors in this case for sam bankman-fried pushed for 40 to 50 years because of the financial loss they argued was suffered by ftx customers and investors. they quoted that the figure was just below made off -- bernie made off. does the judge take that story into account when forming the sentencing? christine: the judge will take into account what the facts were with mr. madoff's fraud. the challenge is this lack of remorse. even at the hearing now saying he made bad decisions, which is the equivalent to that mistakes were made. ed: that is on the final day of the story, is it too little too late in that sense? christine: it is too little too late. he's not even giving any today. it would be different if he were to come and say i'm very sorry, i lied. i tol

the said that does not absolve sam bankman-fried. the prosecution was able to _ bankman-fried. was able to show— bankman-fried. the prosecution was able to show multiple - bankman-fried. the prosecution was able to show multiple times | was able to show multiple times where sam had the opportunity to do the right thing, to come clean and he chose not to do so. , , ~ so. during sentencing, the 'udue so. during sentencing, the judge harp _ so. during sentencing, the judge harp and _ so. during sentencing, the judge harp and back - so. during sentencing, the judge harp and back to - judge harp and back to testimony from the star witness, caroline ellison, the former girlfriend of sam bankman—fried and head of his crypto hedge fund. she painted the man known by his initials, sbs, as hungry for influence. now facing decades behind bars, his risk—taking days are over. in new york, erin delmore. a spokesperson for mr bankman—fried told the bbc that he will be appealing the verdict.mr bankman—fried's parents said in a statement that they were "heartbroken" and will continue to fight fo

the players like sam bankman—fried might be new.s kind of corruption, is as old as time, and we have no patience for it. the court case saw his former staff and even his girlfriend testify against him. his chief crime was that he illegally used customer deposits from ftx to fund his other business. prosecutors are asking the judge to sentence him to 50 years in prison, but his defence team want around five years. they argue that most of the billions of dollars bankman—fried lost have now been recovered, but critics say he shows no remorse. in an interview in his luxury apartment complex in the bahamas just before he was arrested, he admitted to making mistakes but claimed it wasn't deliberate. were you incompetent or were you fraudulent? i didn't knowingly commit fraud. i don't think i committed fraud. i didn't want any of this to happen. i was certainly not nearly as competent as i thought i was. but a convicted criminal he now is. and it's up to a judge to decide how long he'll be behind bars for one of the biggest financial crime

decades behind bars — sam bankman—fried, one of crypto's biggest personalities, has been sentenced.ll have the details. and you may be paying more for chocolate this easter. find out why later in the programme. hello and a warm welcome to asia business report. i'm steve lai. we begin in the us where the co—founder of the failed crypto exchange ftx, sam bankman—fried, has been sentenced to 25 years in prison for defrauding customers and investors of his now—bankru pt firm. the ruling cements the downfall of the former billionaire, who emerged as a high profile champion of crypto before his firm's dramatic collapse in 2022. the bbc�*s erin delmore has the latest from new york. a stunning fall for sam bankman—fried, a crypto exchange founder and mogul in the industry who graced the cover of forbes magazine and appeared on stage with tony blair and bill clinton. american football player, tom brady, and supermodel, gisele bundchen, starred in his company's ads. he spoke in front of congress as a leader in the burgeoning crypto industry. he founded the cryptocurrency, exchange fdx, where

sam bankman—fried there.ey into ftx, before it collapsed. we heard about his extravagant lifestyle. but that collapse happened and so many people losing all their money. one british investor talking to the bbc saying that they had invested more than $2 million worth of holdings on the exchange when it collapsed. i am just hearing that reuters is marking a correction to what they have reported. apparently that tariff is 25 years. an immediate correction from the reuters news agency, that jail sentence has beenjust handed down, it is 25 years. let me tell you a little more of the detail, the judge talking about the lack of remorse. thejudge providing a harsh assessment, saying it was clear that bankman—fried was motivated by a drive to be politically influential. he said despite protestations of sorrow about customer losses. he had never said a word of remorse for the commission of terrible crimes. some stinging comments from the judge. commission of terrible crimes. some stinging comments from thejudge. he als

you've interviewed mr bankman-fried. judge kaplan i bankman—fried.s a risk that this panel better position to do do something very bad in the future and it's not a trivial risk. do you agree with that? it is hard to say. i have interviewed him multiple times, i actually interviewed him hours before his arrest in the bahamas. i was his last interviewer as a free man. in all of his conversations and writings in spanish, even today judge kaplan reference date, he did not really show much remorse. he felt the assets were always, that creditors are going to be made all even at november 2022 prices and he has this calculus where he is willing to take big risks if the reward is worth it, even by a sliver. it is hard to know what is in a person's hard, obviously he thought a lot of people in the media and investment community and broaderfinance so it investment community and broader finance so it is investment community and broaderfinance so it is hard to know what is for sure. but i can certainly understand the degree of fear thatjudge kaplan had that when

sam bankman—fried is the first. people. sam bankman-fried is the first. . ., , people. ., first. the prosecutions are coming in, accountability _ first. the prosecutions are coming in, accountability is _ first. the prosecutions are coming in, accountability is coming - first. the prosecutions are coming in, accountability is coming in, - first. the prosecutions are coming l in, accountability is coming in, how has the crypto—industry evolved? are we any closer to regulation since 2022? ,., , ., ., 2022? the point is to evade regulation _ 2022? the point is to evade regulation that _ 2022? the point is to evade regulation that is _ 2022? the point is to evade regulation that is the - 2022? the point is to evade regulation that is the only l 2022? the point is to evade l regulation that is the only use 2022? the point is to evade - regulation that is the only use of crypto working around rules. you could make a moral case, but mostly regulations exist for reasons. without that unique selling point, crypto doesn't have a lot to do. anything it does you can do better with

sam bankman-fried washa c to's laundering? sam bankman-fried washa crypto's golden — laundering?en boy. _ laundering? sam bankman-fried washa crypto's golden boy, he _ laundering? sam bankman-fried washa crypto's golden boy, he was _ laundering? sam bankman-fried washa crypto's golden boy, he was the - crypto's golden boy, he was the founder of the ftx cryptocurrency exchange where customers could come and exchange their dollars and pounds for a cryptocurrency, and he assured those customers, as his ftx exchange was collapsing, that their money was safe. but when customers went to withdraw their funds, the funds were not there. the jury found that money had been moved to an investment fund and that sam bankman—fried use that money to enrich himself and his inner circle, to make political donations and charitable donations, dubai luxury real estate. when customers went to pull the money out, it wasn't there. now, thank you very much. that is our correspond in there at the courthouse. if there is more reaction in new york, will return there. with me is our cyber correspondent, joe

. >>> former crypto mogul sam bankman-fried sentenced to 25 years for massive fraud. his apology in court before learning his fate. >>> on the east coast, the soaking rain and flood risk. >>> the race for 2024. president biden sharing the stage tonight with barack obama and bill clinton at a star-studded fundraiser. just miles away, former president trump at the wake for a slain nypd officer as he campaigns on the issue of crime. >>> the mission to protect the giants of the sea. inside the new whale traffic control. >>> and as small-town papers disappear, harry smith takes us to maine, where local news is getting a lifeline. >> announcer: this is "nbc nightly news" with lester holt. >> good evening and welcome. tonight, we are getting our closest look yet at the precarious remains of baltimore's francis scott key bridge and the out-of-control container ship that toppled it. our team out with the army corps of engineers today as they prepare for the formidable challenge of clearing the blocked channel. tonight, special equipment is on the way to begin the work, while t

a crypto “ournalist followin t bankman-fried. a crypto “ournalist feiiewingttefi bankman-fried.ely - bankman-fried. a crypto journalist j following the case extensively joins following the case extensivelyjoins me now. first let's talk about about sam bankman—fried as a person. i've given a bit of background to him but explained to viewers who he was and what happened. it explained to viewers who he was and what happened-— explained to viewers who he was and what happened. it was incredible. he tositioned what happened. it was incredible. he positioned himself _ what happened. it was incredible. he positioned himself as _ what happened. it was incredible. he positioned himself as an _ what happened. it was incredible. he positioned himself as an effective - positioned himself as an effective altruist making as much money as possible then giving all of it away. he was the subject of flattering media profiles and one man's eczema said the next warren buffett but in interview he effectively admitted it was a pr stunt and lost 94% of his net worth in a single day. when his company c

the players like sam bankman—fried might be new. this kind of corruption, is as old as time, and we have no patience for it. the court case saw his former staff and even his girlfriend testify against him. his chief crime was that he illegally used customer deposits from ftx to fund his other business. prosecutors are asking the judge to sentence him to 50 years in prison, but his defence team want around five years. they argue that most of the billions of dollars bankman—fried lost have now been recovered, but critics say he shows no remorse. in an interview in his luxury apartment complex in the bahamas just before he was arrested, he admitted to making mistakes but claimed it wasn't deliberate. were you incompetent or were you fraudulent? i didn't knowingly commit fraud. i don't think i committed fraud. i didn't want any of this to happen. i was certainly not nearly as competent as i thought i was. but a convicted criminal he now is. and it's up to a judge to decide how long he'll be behind bars for one of the biggest financial c

we are awaiting, scott, the parents, sam bankman-fried's parents, joseph bankman and barbara fried, to leave the courtroom. they've been here throughout the entire criminal trial. we expect them to be walking out of the courthouse. the next step is an appeal we do expect an appeal you have to wait for sentencing for that to happen that is the next step in this saga but a long road to an appeal and legal experts i'm talking to say it's very unlikely in this high profile of a case they would have a successful appeal >> kate, we appreciate that. kate rooney outside the courthouse really just a few blocks from here we'll come back to you, of course, as needed, as we wait for more developments from lower manhattan after that sentencing of 25 years for sam bankman-fried. forgive me for interrupting you. bear with us here. you were cooking, continue to cook >> the last thing on this topic. the reason i ask, what are you going to do during the inevitable correction is the following. from 2002 through 2021, you basically had this 20-year period where the average, about half the time, you had th

sam bankman-fried is not having that luxury. neil: you look at the impact of prominent sentencing and the reverberation it has. i was looking at other corporate scandals, and it is not as if all of a certain everyone in the financial world becomes a saint or candidate for pope. this does keep happening. >> it is so right but these are crimes committed for one motive. few people are able in circles in which he ran are able to control that particular emotion. i don't mind a lower sentence for someone who comes in and says judge, victims, i am sorry, i beg forgiveness and do everything to cooperate and everything to make things right. this guy did the opposite. he got on the witness stand, tried to blame others, he hasn't told anybody where the trails of money lead and who else was involved in criminal conduct. it wasn't just him. he was the leader. charles: the victims, because people get most of their money back, this is what judge kaplan was thinking, the victim aspect of this is pretty weak. the point you made this keeps happen

the players like sam bankman—fried might be new.urt case saw his former staff and even his girlfriend testify against him. his chief crime was that he illegally used customer deposits from ftx to fund his other business. prosecutors are asking the judge to sentence him to 50 years in prison, but his defence team want around five years. they argue that most of the billions of dollars bankman—fried lost have now been recovered, but critics say he shows no remorse. in an interview in his luxury apartment complex in the bahamas just before he was arrested, he admitted to making mistakes but claimed it wasn't deliberate. were you incompetent or were you fraudulent? i didn't knowingly commit fraud. i don't think i committed fraud. i didn't want any of this to happen. i was certainly not nearly as competent as i thought i was. but a convicted criminal he now is. and it's up to a judge to decide how long he'll be behind bars for one of the biggest financial crimes in us history. joe tidy, bbc news. stephanie hare is a technology author and

before he was sentenced today, bankman-fried apologized for his $11 billion fraud. "i made a series of bad decisions," he said, "it haunts me every day." but the judge not buying it, noting there was never a word of remorse for the commission of terrible crimes. >> you just need ftx. >> you just need ftx! >> reporter: with celebrity endorsements and bankman-fried's guarantees money would be safe, ftx became the premier crypto exchange. it collapsed in late 2022 after bankman-fried used billions in ftx customer funds without permission to keep his privately controlled hedge fund alameda research afloat. at trial, prosecutors playing this abc news interview. >> so, you do know, and you did know, that ftx deposits were being funneled to alameda? >> so, i was vaguely aware that that was how some wires were being sent in the first place. >> didn't that set off alarm bells in your head? >> so, there are a lot of people who were involved in that process, and, look, i really deeply wish i had taken, like, a lot more responsibility for understanding what the details were of

. >>> former crypto mogul sam bankman-fried sentenced to 25 years for massive fraud. his apology in court before learning his fate. >>> on the east coast, the soaking rain and flood risk. >>> the race for 2024. president biden sharing the stage tonight with barack obama and bill clinton at a star-studded fundraiser. just miles away, former president trump at the wake for a slain nypd officer as he campaigns on the issue of crime. >>> the mission protect the giants of the sea. inside the new whale traffic control. >>> and as small-town papers disappear, harry smith takes us to maine, where local news is getting a lifeline. >> announcer: this is "nbc nightly news" with lester holt. >> good evening and welcome. tonight we are getting our closest look yet at the precarious remains of baltimore's francis scott key bridge and the out-of-control container ship that toppled it. our team out with the army corps of engineers today as they prepare for the formidable challenge of clearing the blocked channel. tonight special equipment is on the way the begin the work, while the s

he was also not convinced that sam bankman—fried had shown enough remorse.ain, so thatis treat people potentially again, so that is why he settled on this lengthy sentence, one that white collar lawyers, professors have been telling me seems to be the right amount, that it felt right for them and one that would be hard to challenge. it's the easter weekend and, for many people, that means easter eggs. they are enjoyed around the world, but you may find that they're getting getting smaller and more expensive. that's because of the rising cost of cocoa after a droughts in west africa, which produces 70% of the world's cocoa beans. welljoining me is ben greensmith, the uk and ireland manager thank you so much forjoining us. what impact has this real surge in prices having on your business? hi. it has prices having on your business? h it has been really well publicised at the moment that the price of cocoa is at a 45 year high. coco is the main ingredient that goes into chocolate bars. everyone likes eating chocolate, nobody really thinks about where it is comin

>> linsey: elizabeth, thank you. >>> now, to the sentencing of sam bankman-fried. the judge handing down a 25-year sentence in one of the largest financial fraud cases this country has ever seen. the 32-year-old once the poster boy for the currency of the future is now facing the consequences of old fashioned crime. bankman-fried was convicted in november of diverting billions of dollars to cover his losses in a separate and risky investment scheme. his lawyers argued for leniency, portraying him as an awkward math nerd, but the judge said he hadn't heard a word of resource from bankman-fried. abc's aaron katersky is at the courthouse tonight. >> reporter: just two years ago, ftx founder sam bankman-fried mingled with the rich and powerful. his company's names on sports arenas, ads in the super bowl. >> it's ftx, a safe way to get into crypto. >> eh, i don't think so. >> reporter: but tonight, the one-time king of crypto is off to federal prison for 25 years. before he was sentenced today, bankman-fried apologized for his $11 billion fraud. "i made a series of bad

bankman-fried might commit a crime again in the future. noted that although he was persuaded that mr. bankman-fried was socially awkward at times, that he suffered from autism, he was not convinced by his words that he regretted making bad decisions. he felt that enough remorse had not been expressed and ultimately decided that he needed to send a strong message here. >> quickly, the victims you mentioned, will they get their money back? >> yeah, ftx customers lost access to their funds when ftx collapsed. that's the crypto training platform. many of them are losing hope. we heard from one of them, saying he was living in ftx nightmare. >> michelle fleury for us there in new york. good to have you on the show. thank you. as american journalist evan gershkovich approaches his first full year in russian detention, the kremlin says it won't talk publicly about the possible talk of any prisoner exchange. he was arrested in russia on suspicion of espionage. moscow accuses the wall street journal reported of trying to obtain military secrets whi

this was sam bankman-fried _ a loss in price. this was sam bankman-fried in _ a loss in price.n-fried in his - a loss in price. this was sam i bankman-fried in his element, bankman—fried in his element, at his desk talking crib go and making incredible profits. his hair and chubby look we're all part of the appeal and brand. sbs, as he was known by a legion of fans online, portrayed himself as a maths genius who wasn't interested in personal wealth, genius who wasn't interested in personalwealth, it genius who wasn't interested in personal wealth, it was all about developing the cryptocurrency industry and giving to charities.- giving to charities. this is bi . . giving to charities. this is bi. if giving to charities. this is big- if yes. _ giving to charities. this is big. if yes, his _ giving to charities. this is - big. if yes, his cryptocurrency exchange _ big. if yes, his cryptocurrency exchange that _ big. if yes, his cryptocurrency exchange that sold _ big. if yes, his cryptocurrency exchange that sold bitcoin . big. if yes, his cryptocurrency| exchange that sold bitcoi

bankman-fried's crimes carry a max sentence of more than a hundred years.tion has recommended 40 to 50 years as they put it, he understood the rules but decided they did not apply to him they say that sentence is sufficient and severe enough to provide justice and to dissuade others from committing similar crimes ban ban b bankman-fried's lawyers describe him as a complex and humane person, not a villain. they claim the $10 billion loss figure is overstated and the harm to customers, lenders, and investors is zero because the money has largely been recouped. they blame the chapter 11 team john ray, the new ceo of ftx, in a letter to the judge, called those statements categorically false, called the exchange when it collapsed a metaphorical dumpster fire. this debate over losses is going to be key. typically, the larger the loss, longer the sentence. while customers could get a dollar value of their accounts back, the time ftx collapsed, they won't get their cryptocurrency, meaning some missed bitcoin's 300% rise since then the judge has sole discretion in t

you've interviewed mr bankman—fried.a risk that bankman—fried could do do something very bad in the future and it's not a trivial risk. do you agree with that? it is hard to say. i have interviewed him multiple times, i actually interviewed him hours before his arrest in the bahamas. i was his last interview as a free man. in all of his conversations and writings in his submission, even todayjudge kaplan referenced it, he did not really show much remorse. he felt the assets were always there, that creditors are going to be made whole even at november 2022 prices and he has this calculus where he is willing to take big risks if the reward is worth it, even by a sliver. it is hard to know what is in a person's heart, obviously he fooled a lot of people in the media and investment community and broaderfinance so it is hard to know what is for sure. but i can certainly understand the degree of fear that judge kaplan had that when sam bankman—fried gets out, he could do this again. he was also ordered to forfeit $11 billion a

we have reporters, i our reporter says sam bankman-fried our reporter says sam bankman—fried came int, she said he has come in and his big hair style has come back during the court case, it was trimmed to look smart before, this is months since he was convicted. i am expecting there will be a little bit of a speech from the defence and prosecution but that is performative because we have had these months since the conviction, and the judge has made up his mind. the reason highlights their interest in this case it because we don't know what you will get, 40—50 years, or 5—6. has any of the money that was fraudulently taken from investors been paid back? hat fraudulently taken from investors been paid back?— fraudulently taken from investors been paid back? not yet. there are about 1.2 million _ been paid back? not yet. there are about 1.2 million people _ been paid back? not yet. there are about 1.2 million people still- been paid back? not yet. there are about 1.2 million people still out i about 1.2 million people still out upon from the collapse of ftx. they couldn't withdraw their

at the time, this was - huge, sam bankman-fried was a hero huge, sam bankman—fried was a hero to the that this coin will be worth something tomorrow because there is no financial institution backing it. it's how much money people are prepared to pay for it. for people like sam bankman—fried, followers on social media, going around the world, shaking hands with the great and good of the politics world, he was a big figure and the empire was massive. if the x was the second biggest crypto exchange in the world and it came crashing down. you can see on the chart of bitcoin valley you can see where it happened, there was a drop. i asked him, have you killed crypto? it was in the doldrums. we had seen previous scandals in 2022 and his was the worst by far. he said at the time i hope not, and i don't think it has because i think it stronger than that. it turns out he was right. if you look at the state of crypto now it has slowly this year built up and built up and it is stronger than ever. . ~' built up and it is stronger than ever. ., ~ , ., y built up and it is stronger than ever. ., ~

he was also not convinced that mr bankman—fried has shown enough remorse.entially again. so that is why he settled on this lengthy sentence, one that white collar lawyers, professors have been telling me seemed to be the right amount, that it felt right amount, that it felt right to them, and one that would be hard to challenge. connor sephton is a journalist and podcaster who has been covering the crypto and tech industry. it is so lovely to see you. you have been following this story. what is the chatter since the sentencing yesterday in the crypto world?— sentencing yesterday in the crypto world? sentencing yesterday in the c toworld? , ., , , crypto world? well, 25 years is a “oke, crypto world? well, 25 years is a joke. is _ crypto world? well, 25 years is a joke, is what _ crypto world? well, 25 years is a joke, is what i've _ crypto world? well, 25 years is ajoke, is what i've heard, - a joke, is what i�*ve heard, lovable. there are many people disappointed by the sentence, as substantial as it is, because of how much money people lost. because of ho

with people like sam bankman—fried, shaking _ with people like sam bankman—fried, shaking hands— withlike sam bankman—fried, shaking hands with _ with people like sam bankman—fried, shaking hands with people _ with people like sam bankman—fried, shaking hands with people in- with people like sam bankman—fried, shaking hands with people in the - shaking hands with people in the politics— shaking hands with people in the politics world _ shaking hands with people in the politics world come _ shaking hands with people in the politics world come he _ shaking hands with people in the politics world come he was - shaking hands with people in the politics world come he was a - shaking hands with people in the politics world come he was a big| politics world come he was a big figure _ our panel tonight is — justine greening, former conservative mp and a minister for women and equalities. and anneke green who's a founding partner at reach global strategies and a former speech writer for president george w. bush. first — the latest headlines. a new yorkjudge has sentenced the former king of cry

bankman-fried won't just be serving prison time as punishment. >> the judge also ordered bankman-fried to forfeit $11 billion. he does not have that. but prosecutors can use assets they've already seized from him to compensate victims, though many of the ftx customers have said they're losing hope they'll ever be made whole. >> even if victims do get their money back. many cryptocurrencies at the time of ftx's collapse would be worth considerably more. today, bitcoin's value has increased more than 300% since late 2022. prosecutors requested up to 50 years in prison, and the judge ruled that would be excessive, but did acknowledge a lack of remorse from bankman-fried. >> the faa is investigating the taxiway collision of two delta jets at the minneapolis airport. the planes clipped each other's wings as one was moving on the taxiway and the other was pulling away from its gate. passengers say they were stunned and which is startling. >> the boom and most violent shake i've ever had on on an airplane. we were taxiing and all of a sudden just a big, jarring bump, on the runway. >> no one

a court in new york sentences the former billionaire crypto boss — sam bankman freed to 25 years.ast 45 people have died in a bus crash in south africa — the vehicle plunged off a high bridge into a ravine after colliding with the crash barrier. the un's top court orders israel to take extra measures to ensure basic food supplies reach gaza — saying famine is already setting in. oppenheimer — the oscar winning film about the maker of the atomic bomb is screened for the first time injapan despite sensitivies. it's been described as the uk's most widespread miscarriage ofjustice — the post office scandal. and now it's emerged the post office spent £100 million of public money fighting wrongly accused subpostmasters in court — even though it knew its case was untrue. the bbc has uncovered a draft report that reveals that by 2017 the post office had seen evidence showing that the losses at post office branches could have been caused by remote access to its horizon computers by the japanese company fujitsu — who supplied the system. despite that — the post office's lawyers kept arguing

bankman-fried. he did something he should never have done.er accounts. you can't do that. it's illegal. no matter how you slice it. he knows that he shouldn't have done that. he admitted it, which is why the trial happened very quickly and while he will be sentenced to jail. you know, markets, we live in such a strange world, ashley. you know, you and lauren talking about transgender sports in reparations and all the d do ovs and interpretations and the markets are very honest. you come in every day and you are either up money or down money. and it's amid all this craziness and refreshing to know at least that one part of what we do is honest every day, ashley. ashley: very good. it's a constant. go ahead, lauren. lauren: and you're see ago lot of money come into the 9 spot, the coin etfs. on monday and tuesday a billion of inflows. when there's inflows into the big mechanisms, right, to own a part of cryptocurrencies, you often see them go up. that's another reason they're pushing closer to all time highs. ashley: very good point. we've got

the former billionaire crypto boss — sam bankman freed — who was convicted for one of the biggest financiales in us history — is about to be sentenced. and a special message from the king marking maundy thursday. we need and benefit greatly from those who extend the hand of friendship to us, especially in a time of need. hello, i'm matthew amroliwala, welcome to verified live, welcome to verified live. it's been described as the uk's most widespread miscarriage ofjustice — the post office scandal, where hundreds of sub—postmasters and postmistresses were prosecuted for stealing money because of incorrect information provided by a computer system called horizon. the scandal has made headlines across the world — and now, a draft report uncovered by the bbc shows the post office spent 100 million pounds of public money fighting sub—postmasters in court despite knowing its defence was untrue. the document reveals the post office was shown evidence by 2017 that losses could be due to errors in the horizon it system or remote tampering. but it kept arguing until 2019 in the bates v post office lt

going to trial. >> bankman-fried says he will appeal his conviction and sentencing. lamonica peters ktvu, fox two news the biden administration issued the first government wide policy on the use of artificial intelligence by federal agencies. >> now, under these new regulations means federal agencies must now publish a list of the ai systems they're using, and each agency must also name an ai chief. though some republicans in congress say the white house's approach is an overreach, the biden administration says the new policy seeks to promote the safe and responsible use of artificial intelligence technology. >> here's a look now at the stories trending tonight on ktvu . com one of our top stories san francisco's mayoral candidates publicly debating what should be done to transform the city's tenderloin district. some candidates say a state of emergency needs to be declared. also, for oakland based companies coming together to invest $10 million in an effort to improve safety for their employees. and california's minimum wage will go up starting april first. the mand

bankman fried just moved the money around., by the i way, i hope next time we don't let the criminals write the laws. great seeing you or really appreciate you on this topic e. >> thank you. charles: all right, folks, i think sam bankman-fried deserved 110 years, and there should, as i was just saying, be a much deeper investigation into the venn isture capitalists and others who helped his meteoric rise. there was nothing special about sbf, the person. yeah, he's got an extraordinary the family and, of course, the smartest venture capitalists in silicon valley got behind him, but why? i mean, really. what they did was give him a stamp of approval, and that opened doors. it's a well-worn approach. it's been with done over and over again. with that approach you raise a lot of money, right, on the private side, and you make a lot of noise. you get a lot of publicity. you get celebrities involved, the media ca involved. how many people did -- times did people fawn over this guy? and at some point, it takes a life are of its own.

bankman-fried has said he would appeal. we are joined by david bellamy.or being here. you were in the courtroom today when the sentence was handed down. i wonder what stood out to you the most from the judge's sentence. >> i think what i was struck by the most with some of the language that the judge used to kind of justified the length of the sentence. he didn't just say these were really serious crimes. he said that sam bankman fried had to go to prison for 25 years, because if he was let out any earlier he might commit more crimes. basically, there's this sense that he hasn't really expressed remorse for what happened. and you know, were he to get out. you know he might pitch a new company and try to commit a similar fraud to the one that brought down ftx. william: is this because all along bankman fried really hasn't expressed a great deal of remorse about this, which i know judges love to see. >> yeah, i mean, it's complicated. he'll say that he's sorry about what happened and that he's apologized to customers has apologized to employees of ftx, but

. >> sentencing day for sam bankman-fried, a billionaire at age 30, now set to be punished for one of largest financial frauds in history, cracking down on squatters. >> it's the first of its kind law giving homeowners more rights in the fight against people living without permission on their property. >> caught on camera, the wild chase this suspect clinging to a moving car while fleeing police. the diabetes and weight loss drug ozempic back in the spotlight, costing nearly $1,000 a month. >> but how much does it really cost to make a wake up call for corporate america? >> a closer look at the benefit of providing free child care to employees, as one mega lottery jackpot keeps rising, the mystery surrounding a new billion dollar jackpot winner. >> from abc news in new york. this is america this morning. >> good thursday morning everyone i'm andrew dymburt. >> good morning to you i'm rhiannon ally. we want to begin with new details in the baltimore bridge collapse investigation. >> two of the construction workers killed after a cargo ship slammed into the bridge have been recovered. o

sam bankman-fried's new lawyer giving a very compelling case to why he thinks sam bankman-fried doeso go to jail for incredibly long period of time. we are hearing familiar arguments about who sam bankman-fried is and was, that he was a math nerd and socially awkward and he has somebody who was fumbling his way through this and never sought to be the crypto king that he was said to be by those in finance. katie: it seems like also a leg of the defense is trying to portray bankman-fried as elizabeth holmes rather than a bernie made off. david: the parallel is that there are two young people who committed these frauds but they have a lot of life ahead of them. you look at the defense, there point of comparison is bernie made off -- bernie who got 150 years in prison. they are saying look at elizabeth holmes and michael, these were shorter sentences and people who stand to do good and have done good in the case of michael with his philanthropic work. this is the parallel and we will see what the judge finds more compelling. katie: i will be back for a special edition of bloomberg crypto

it's a 25—year sentence for sam bankman—fried. how the young cryptocurrency billionaire lost his and his customers' money. breaking news from south africa. at least 45 people killed as bus crashes off a bridge. also on the programme, scotland could become the first part of the uk to legalise assisted dying. we'll look at how different countries around the world approach these sensitive decisions. and we'll have the latest from the world of artificial intelligence. ai therapy, genital scans and perfect pints all explained in al decoded. we'll we�* ll start we'll start this hour with this breaking news out of south africa. 45 people at least are believed to have been killed after a bus crashed in the south african province of limpopo. these are the latest pictures we have here. just on in the ravine there the remains of the crash as the bus seemingly crashed through the barriers there and came off that road come off the bridge. into that ravine below. at least 45 people killed, another person seriously injured, bus travelling from b

maryam: we have seen sam bankman-fried convicted.there is more trust out there are not? >> i think we are seeing cryptocurrency bad actors being held to account. with bitcoin surging over the past year, greed starts to set in. maryam: so good to talk to you. thank you. if you are in the u.k., you can watch the full program, nine crypto craze moments, right now on bbc. but don't go and watch it right now, because you want to watch me, don't you? king charles has spoken with great sadness about missing the traditional monday thursday service. he is having treatment for cancer but recorded a message played at the service today. >> more than a thousand people braved the cold today. many had been waiting hours to grab the best spots. >> it has been the custom for the king to give arms on monday thursday. x it is an ancient tradition. historically, it took place in or near london. >> here are some of the recipients. >> queen elizabeth change that, and it was held around the country. this was the last time it happened in worchester. the cro

sam bankman-fried sentenced to 25 years in prison for massive fraud.e rooney is outside the courthouse with more for us. kate, 25 years is the number >> reporter: that's right. sam bankman-fried, the former ceo of ftx, seen as the legitimate face of the cryptocurrency industry, now sentenced to 25 years, capping off what prosecutors call one of the largest financial frauds in u.s. history, ordering him to forfeit $11 billion, recommending jail in the san francisco bay area the defense team, key lawyer, said there will be an appeal we also have a statement from sam bankman-fried's family saying we are heart broken and will continue to fight for our son. the judge today talked about the enormous harm sam bankman-fried did, and his exceptional flexibility with the truth and an apparent lack of any real remorse, which we got some of the reasoning behind his sentencing one of the key parts, perjury and lack of remorse played into the sentencing >> what was the emotion in the courtroom? you were outside as people were leaving, but what was the emotion from h

bankman-fried has said he will appeal.ok at this case, i'm joined by david yaffe-bellany. he's covered this saga for years for the new york times. david, thank you so much for being here. you were in the courtroom today when that sentence was handed down. i wonder, what stood out to you the most from the judge's sentence? david: i think what i was struck by the most with some of the language that the judge used to kind of justify the length of the sentence. he didn't just say these were really serious crimes. he said that sam bankman-fried had to go to prison for 25 years because if he was let out any earlier he might commit more crimes. basically, there's this sense that he hasn't really expressed remorse for what happened. in were he to get out, he might pitch a new company and try to commit a similar fraud to the one that brought down ftx. william: is this because all along bankman-fried really hasn't expressed a great deal of remorse about this, which i know judges love to see. david: yeah, i mean, it's complicated. he

the former cryptocurrency billionaire sam bankman—fried is jailed for 25 years for stealing $8 billionm his customers, one of the biggest financial frauds in us history could scotland become the first nation in the uk to allow terminally ill people to have help to end their lives? the king speaks of his sadness at missing the annual royal maundy thursday service, as the queen takes his place. as india's general election looms, we report on the growing anxiety among the country's muslim population. and the british boom in country music, as beyonce becomes the latest star to embrace it. on newsnight at 10.30, we'll go deeper behind the headlines and speak live to key players on today's big stories, plus a look tomorrow's front pages. good evening. it has emerged the post office spent £100 million of public money fighting wrongly accused sub—postmasters in court, even though it knew its case was untrue. the bbc has uncovered a draft report that reveals that by 2017 the post office had seen evidence showing that the losses at post office branches could have been caused by remote access to

with people like sam bankman—fried, shaking _ with people like sam bankman—fried, shaking hands— withng hands with people _ with people like sam bankman—fried, shaking hands with people in- with people like sam bankman—fried, shaking hands with people in the - shaking hands with people in the politics— shaking hands with people in the politics world _ shaking hands with people in the politics world come _ shaking hands with people in the politics world come he _ shaking hands with people in the politics world come he was - shaking hands with people in the politics world come he was a - shaking hands with people in the politics world come he was a big| politics world come he was a big figure~ _ our panel tonight is — justine greening, former conservative mp and a minister for women and equalities. and anneke green who's a founding partner at reach global strategies and a former speech writer for president george w. bush. first — the latest headlines.

sam bankman—fried, the 32—year—old once known as the crypto king, is sentenced to prison.hite house approves money to help the us state of maryland respond to the deadly collpase of a bridge in baltimore. hello. i'm caitriona perry. you've very welcome. let's start in the middle east, where the syrian defence ministry says israel carried out an air strike on the city of aleppo. reports say at least 36 people — including some hezbollah fighters — were killed. syrian officials say aleppo had also come under fire from drones launched by what it called "terrorist groups". a british—based monitoring group the syrian observatory for human rights said the strikes targeted weapons stores near aleppo international airport. contacted by the afp news agency, the israeli military said it would "not comment on reports in the foreign media". the international court ofjustice has ordered israel to take all necessary action to ensure that basic food supplies reach palestinians facing hunger in gaza. thejudges said the israeli military must not violate the international convention on genoc

bankman-fried says that he plans to appeal his conviction and sentence.e in the studio, gloria rodriguez, abc seven news, kumasi. >> thank you, gloria. greenhouse gas may soon have nowhere to hide. coming up, the new technology that can help track methane down anywhere. >> the trend of dead gray whales washing ashore in the bay area appears to be over, or at least a lot less frequent. what experts have recently learned about the massive mammals and the threats they still face along the california coast. the fear. >> but first, here's drew heim this morning and we're taking a look at temperatures. right now we have partly to mostly cloudy skies. some damp roadways and numbers beginning in the 40s and the low 50s. live doppler seven. there's no real organized showers, just some isolated chances along the coast and in parts of the north bay. and we're not even having a number on the storm impact scale. today. we will find just a mix of sun and clouds throughout the afternoon. we still have a winter storm warning in effect for the west slope of the sierra. st

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a bay area native and former crypto king sam bankman-fried.d sentenced for fleecing billions from investors. >> and the new plan to keep you safe from ar business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. the go-tos that keep us going. the places we cheer. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. see why comcast business powers more small businesses than anyone else. get started for $49.99 a month plus ask how to get up to an $800 prepaid card. don't wait- call today. and bankman freed was sentenced to 25 years for a multi-billion dollar fraud scheme. abc news reporter reena roy has the details. >> he was once called the king of cryptocurrency. sam bankman-fried, wearing a prison shirt and pants, is now sentenced to 25 years behind bars for what prosecutors call one of the biggest financial frauds in american history. a billionaire at 30, bankman freed learning his fate after the collapse of

how long sam bankman-fried will spend behind bars for his role in defrauding ftx investors. >>> a split-screen moment in new york city. donald trump attends the wake of a fallen police officer, while president obama and president clinton seek to help president biden in a fundraiser. >>> and can anybody else literally get into the 2024 race? >>> and from one texan to another, beyonce's act two is finally here. the meg a stars who collaborate with queen bey on cowboy carter. "early today" starts right now. good morning to you. i'm frances rivera. we again begin with the latest developments in baltimore. the white house announcing the release of $60 million to help with rebuilding the francis scott key bridge. special equipment has been sent to help clear the blocked channel, while the search for the remains of the four missing workers continues. here's alice barr. >> reporter: the impact that struck the heart of baltimore. >> the whole bridge just fell down. >> reporter: now rippling across the country, as americans grieve the six lives lost. >> to all the families, we are so sorry for this trag

the players like sam bankman—fried might be new.it is as old as time, and we have no patience for it. the court case saw his former staff and even his girlfriend testify against him. his chief crime was that he illegally used customer deposits from ftx to fund his other business. prosecutors are asking the judge to sentence him to 50 years in prison, but his defence team want around five years. they argue that most of the billions of dollars bankman—fried lost have now been recovered, but critics say he shows no remorse. in an interview in his luxury apartment complex in the bahamas just before he was arrested, he admitted to making mistakes but claimed it wasn't deliberate. were you incompetent or were you fraudulent? i didn't knowingly commit fraud. i don't think i committed fraud. i didn't want any of this to happen. i was certainly not nearly as competent as i thought i was. but a convicted criminal he now is. and it's up to a judge to decide how long he'll be behind bars for one of the biggest financial crimes in us history. jo

sam bankman-fried is now doing time for cryptocurrency crimes a judge is centered. the former ceo of the collapsed crypto exchange, ftx today, to 25 years in prison after jurors found him guilty of stealing $8 billion in savings from his customers. us attorney for the southern district of new york summed it up this way, quote the scale of bankman-fried's crimes is measured not just by the amount of money that was stolen, but by the extraordinary horse harm caused victims who in some cases had their life savings wiped out overnight and his crimes did not just impact people who are involved in his own businesses. the ftx bankruptcy in 2022 had a ripple effect on the market. several other cryptocurrency companies quickly went belly up as a result, his lawyer painted him as a misunderstood, awkward, math nerd who loves video games, animals, and vegans but the judge saw very differently saying bankman-fried was politically motivated and there is a risk he would be in a position to do something very bad. again in the future before the judge delivered the senate's bankman-