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AdvertisementMy son was on life support for two weeksMy friend gave Yori CPR, and then I stepped in. Black children like Yori are more than 2.5 times more likely than their white peers to drown. AdvertisementChezik Tsunoda still allows her three living sons to swim, but has taught them water safety. When someone is drowning, reach toward them, throw them a flotation device, but — unless it's a very small child — don't go to them. Stick with swim lessonsJust weeks before Yori drowned, he tried swimming lessons and hated them.
Persons: Chezik, Yori, Tsunoda, , Yori's, Tim Gbunblee, tucking, hadn't, aren't, I'd Organizations: Service Locations: Washington,
Three months of inflation data have brought those expectations back down to earth. "Not that you've put a pin in inflation getting to the Fed's target, but it's not happening imminently." The 2-year Treasury note , which is especially sensitive to Fed rate moves, jumped to 4.93%, an increase of nearly 0.2 percentage point. The pricing in of seven rate cuts earlier this year was completely at odds with indications from Fed officials. However, when policymakers in December raised their "dot plot" indicator to three rate cuts from two projected in September, it set off a Wall Street frenzy.
Persons: Michael M, Liz Ann Sonders, Charles Schwab, you've, There's, Today's, Phillip Neuhart, Joseph LaVorgna, Schwab's Sonders, Sonders Organizations: New York Stock Exchange, Santiago, Getty, Federal, Labor, CPI, Fed, Traders, First, Bank Wealth, Dow Jones, Treasury, Nikko Securities, Atlanta Fed Locations: New York City
Israel’s account of its attack on a World Central Kitchen convoy raises significant legal questions even if the strike was the result of a series of mistakes, experts say. The Israeli military announced on Friday that its preliminary investigation had revealed a string of errors that led to the deaths of seven aid workers. It took responsibility for the failure, saying that there were “no excuses” and citing “a mistaken identification, errors in decision-making and an attack contrary to the standard operating procedures.”But the description of events that has emerged raises broader questions about the military’s ability to identify civilians and its procedures for protecting them, legal experts told The New York Times — including new concerns about whether Israel has been complying with international law in its conduct of the war in Gaza more generally. The law: When in doubt, presume civilian status, and give humanitarian aid heightened protectionThe first, most basic principle of international humanitarian law is that civilians cannot be targets of a military attack. Militaries must have procedures in place to distinguish between civilians and legitimate military targets.
Persons: Organizations: New York Times Locations: Israel, Gaza
When we first moved to Los Angeles, our two-bedroom apartment had more than enough room for our family of five. My husband, son, and I shared a king-sized bed in our small bedroom, while my three teens shared the second bedroom. My aunt got the living room. Lastly, my aunt got a comfy reclining chair and a bed in the living room. After a certain time of night, the living room becomes her bedroom.
Persons: we're Organizations: Service, Business Locations: Los Angeles, LA, Chicago, California
CNN —Three people died after typhoon-like winds pulled them out through their apartment windows in southern China, as extreme weather battered the region over the past week. A total of seven people had died in Jiangxi province since the exceptionally strong winds began on Sunday, state broadcaster CCTV reported on Thursday. A 60-year-old woman from the same building was also swept out of the window by extreme wind. Air conditioners were blown out of high-rises in the city, while more than 2,000 trees were toppled, state media said. China has been hit by a series of extreme weather events in recent years.
Persons: yanked Organizations: CNN Locations: China, Jiangxi, Nanchang, Heilongjiang
And yet, Netanyahu’s grip on power doesn’t appear to be in any imminent danger of slipping away. Never betray your natural allies, the other parties in the right wing.”That concept has never been truer for Netanyahu than in this current governing coalition, the most right-wing in Israel’s history. But Israeli political analysts now estimate it will likely be months before the issue comes to a head and presents any real threat to his government. But a Gantz departure from the government could shatter the image of wartime unity that has already begun to fray. “The more you squeeze Netanyahu, the more firm Netanyahu… shows that he is strong.”
Persons: Benjamin Netanyahu’s, Joe Biden, , , , Aviv, Netanyahu, ” Netanyahu, Bibi, ” Bushinsky, truer, Benny Gantz, Netanyahu’s, ” Gantz, Gantz, Netanyahu … Organizations: Jerusalem CNN, Israeli, , Former, Biden White House Locations: Jerusalem, Gaza, Israel, , Tel Aviv
During the call, Mr. Biden threatened to condition future support for Israel on how it addresses his concerns about civilian casualties and the humanitarian situation in Gaza. The Israeli statement did not give a timing for when the crossing would be reopened. Mr. Biden has grown increasingly critical of Israel’s approach to the war against Hamas in Gaza, saying that more must be done to protect civilians. Image Palestinians gathering to receive food in the town of Jabaliya in northern Gaza last month. Israel has rejected accusations that it is responsible for delays in the delivery of aid.
Persons: Israel, Biden, Benjamin Netanyahu, Jordan — “, Erez, Adrienne Watson, , , Netanyahu, , Ms, Watson, Mahmoud Issa, Kerem, Lloyd J, Austin III, Patrick Kingsley Organizations: Israel, National Security Council, United, Defense, Pentagon, International Court of Justice Locations: Gaza, Ashdod, Israel, United Nations, , Jabaliya, Kerem Shalom, Rafah, The Hague
Mr. Biden replied that he understood. Mr. Biden’s staunch support of Israel has put him at odds with many Democrats. Mr. Biden is scheduled to speak with Prime Minister Benjamin Netanyahu of Israel on Thursday, according to a senior administration official. That official, who was not authorized to speak publicly, said that Mr. Biden’s anger and frustration had hit a peak in recent weeks. At other events that month, in Wisconsin and Vermont, people gathered outside of Democratic Party offices and homes of donors to protest American support for the war.
Persons: Jill Biden, Biden, Mr, Salima Suswell, , Suswell, White, , ” Elizabeth Alexander, , Biden’s, Chris Coons, Avishag Shaar, Beau Biden, George W, Dr, Beau, Benjamin Netanyahu, Israel Organizations: House, White, Israel, Black Muslim Leadership Council, Al, Shifa, Credit, Yashuv, The New York, Delaware Army National Guard, New York Times, Democratic, Central, Biden, Democratic Party Locations: Gaza, Israel, Delaware, Iraq, Afghanistan, Michigan, Wisconsin, Arizona, Vermont, Los Angeles
President Biden threatened on Thursday to condition future support for Israel on how it addresses his concerns about civilian casualties and the humanitarian crisis in Gaza, trying for the first time to leverage American aid to influence the conduct of the war against Hamas. During a tense 30-minute call with Prime Minister Benjamin Netanyahu of Israel, Mr. Biden went further than ever in pressing for change in the military operation that has inflamed many Americans and others around the world. Within hours, White House officials said Israel would speed aid into Gaza as part of an agreement meant to placate the president. “President Biden emphasized that the strikes on humanitarian workers and the overall humanitarian situation are unacceptable,” according to a White House summary of the call. “He made clear the need for Israel to announce and implement a series of specific, concrete, and measurable steps to address civilian harm, humanitarian suffering, and the safety of aid workers.
Persons: Biden, Benjamin Netanyahu, Israel, , Netanyahu, Organizations: Israel, Hamas, White Locations: Gaza, Israel
Opinion | Amid Tragedy, Anguished Pleas for Gaza
  + stars: | 2024-04-04 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Just Let People Eat,” by José Andrés, a chef and the founder of World Central Kitchen (Opinion guest essay, April 4):What a humane, heartfelt and balanced essay by Mr. Andrés after the tragic death of seven World Central Kitchen aid workers in Gaza. Now if only the Israeli people will hear his plea and require the government to open more humanitarian aid routes into Gaza. He beautifully points out the commonality across religions and cultures of our need for food. To the Editor:Re “Is Biden Willing to Use America’s Leverage With Israel?,” by David E. Sanger and Peter Baker (news analysis, April 4):President Biden is “outraged and heartbroken” over the deaths of the seven aid workers in Gaza. David Cameron, the British foreign secretary, says Israel must “make major changes to ensure the safety of aid workers.”
Persons: José Andrés, Mr, Andrés, James Berkman Boston, Elena Reyes Fort, Biden, David E, Sanger, Peter Baker, , , David Cameron Organizations: World, Kitchen, Israel Locations: Gaza, Elena Reyes Fort Myers, Fla, British, Israel
And when Russia invades Ukraine, he immediately decided it was time for World Central Kitchen to step into a war zone. michael barbaroAfter the break, my colleague Adam Rasgon on what happened to the World Central Kitchen workers in that caravan. So Adam, what ends up happening to this convoy that our colleague Kim Severson just described from World Central Kitchen? adam rasgonSo what we know is that members of the World Central Kitchen had been at a warehouse in Deir al-Balah in the Central Gaza Strip. michael barbaroAnd so what is the reaction from not just World Central Kitchen, but from the rest of the world to this airstrike?
Persons: michael barbaro, ” I’m Michael Barbaro, Kim Severson, Adam Rasgon, Kim, kim, José Andrés, you’re, kim severson, tapas, He’s, severson, he’s, kim severson He’s, Hurricane Sandy, Hurricane Harvey, Maria, Hurricane Maria, José, he’d, Goya, couldn’t, Nobody, there’s, they’ve, — michael barbaro, Chef Olivier, We’re, we’ve, Michael Jordan, Adam, adam rasgon, Al Rashid, Israel, adam rasgon There’s, adam rasgon President Biden, , David Cameron —, david cameron, adam rasgon —, benjamin netanyahu, adam rasgon — Benjamin Netanyahu, Herzi Halevi, WCK, rasgon, that’s, michael barbaro Adam, it’s Organizations: The New York Times, Hurricane, Army, Federal Emergency Management Agency, FEMA, National Guard, Kitchen, Central, Central Kitchen, Gaza, UN, Red Crescent, White, British, IDF, Jerusalem Bureau Locations: Gaza, Haiti, Spanish, America, Washington ,, New York, DC, Miami, Hurricane, Houston, Puerto Rico, José, Russia, Ukraine, Poland, Lviv, Israel, North Gaza, Great Britain, Asia, Central America, Deir al, Rafah, Palestine, Jerusalem, Cyprus
During a 30-minute call with Prime Minister Benjamin Netanyahu of Israel, President Biden went further than ever in pressing for change in the military operation. Credit... Fatima Shbair/Associated PressBy the middle of the night in Jerusalem, Israel made its first gestures to Mr. Biden. The reported agreement came as American officials held out the prospect of consequences if Mr. Netanyahu resisted. But Mr. Kirby would not outline specific metrics for judging Israel’s response or what Mr. Biden would do if not satisfied. Mr. Biden called himself “outraged and heartbroken” over the incident and made a point of calling Mr. Andrés to express his condolences.
Persons: Benjamin Netanyahu, Israel, President Biden, Biden, Biden’s, , Netanyahu, , Fatima Shbair, Mr, Antony J, Blinken, ” Mr, Chris Coons, Coons, Kamala Harris, Jake Sullivan, Biden “, William J, Burns, Mohammed Saber, John F, Kirby, emboldening, John Hannah, José Andrés, Andrés, Zomi Frankcom, Damian Soból, Barack Obama, Bibi, ” Ben Rhodes, Obama, ” Jon Favreau, doesn’t, , , aggravation, Jill Biden, Joe, ” Julian E, Barnes, Katie Rogers, David E, Sanger, Lara Jakes Organizations: Israel, Hamas, Credit, Associated, U.S . National Security Council, NATO, Democratic, CNN, Republican, American Israel Public Affairs Committee, Iran, Central Kitchen, Shutterstock, Jewish Institute for National Security of America, Biden, Mr, Israel Defense Forces, White Locations: Gaza, Israel, Rafah, Jerusalem, Ashdod, Jordan, Brussels, Michigan, Washington, Delaware, Iran, Syria, United States, Cairo, “ Hamas, Haiti, Cyprus, U.S,
Despite repeatedly expressing its frustration with Israeli tactics, the White House has been unwilling or unable to impose any leverage on the prime minister. There was no immediate response from the prime minister, who held a cabinet meeting after the call that he used to warn that Israel will defend itself against Iran. The Israeli prime minister is a consummate Washington player and has been engaging with Biden’s Republican foes on Capitol Hill, in an alliance that could increase political complications for the president if he creates deeper fractures with the Israeli prime minister. If Biden eventually assesses his warnings are falling on deaf ears, his credibility will depend on him publicly imposing a cost on the Israeli prime minister. But Biden’s political imperatives and the increasing humanitarian price of the war in Gaza mean he’s approaching a fateful crossroads.
Persons: Joe Biden, Benjamin Netanyahu, Netanyahu, Biden, , Antony Blinken, Delaware Sen, Chris Coons, Blinken, Israel, John Kirby, Israel –, fulsomely, Biden didn’t, Leon Panetta, CNN’s Jake Tapper, , Independent Sen, Bernie Sanders, Tapper, , ” Sanders, ” Netanyahu’s, ” Netanyahu, ” Kirby, Mike Johnson Organizations: CNN, Arab, Israel, Israel Defense Forces, Democrat, White, Democratic, White House, National Security Communications, Independent, Hamas, Islamic, Islamic Revolutionary Guard Corps, United, Washington, Republican, GOP Locations: Israel, Gaza, United States, Delaware, Palestinian American, Brussels, Washington, Vermont, Iran, Islamic Republic, Damascus, Rafah
During a 30-minute call with Prime Minister Benjamin Netanyahu of Israel, President Biden went further than ever in pressing for change in the military operation. “President Biden emphasized that the strikes on humanitarian workers and the overall humanitarian situation are unacceptable,” according to a White House summary of the call. But Mr. Kirby would not outline specific metrics for judging Israel’s response or what Mr. Biden would do if not satisfied. Mr. Biden called himself “outraged and heartbroken” over the incident and made a point of calling Mr. Andrés to express his condolences. Bibi obviously doesn’t care what the U.S. says, its about what the U.S. does.”Jon Favreau, a former chief speechwriter for Mr. Obama, was even more derisive of Mr. Biden.
Persons: Benjamin Netanyahu, Israel, President Biden, Biden, , Netanyahu, , Fatima Shbair, Antony J, Blinken, ” Mr, Biden’s, Chris Coons, Mr, Coons, Kamala Harris, Jake Sullivan, Biden “, Mohammed Saber, John F, Kirby, emboldening, John Hannah, José Andrés, Andrés, Zomi Frankcom, Damian Soból, Barack Obama, Bibi, ” Ben Rhodes, Obama, ” Jon Favreau, doesn’t, , , aggravation, Jill Biden, Joe, Katie Rogers, David E, Sanger, Lara Jakes Organizations: Israel, Hamas, Credit, Associated, NATO, Democratic, CNN, Republican, American Israel Public Affairs Committee, Iran, Central Kitchen, Shutterstock, Jewish Institute for National Security of America, Biden, Mr, Israel Defense Forces, White Locations: Gaza, Israel, Rafah, Brussels, Michigan, Washington, Delaware, Jerusalem, Iran, Syria, United States, “ Hamas, Haiti, Cyprus, U.S,
The conversation will also take place with both leaders under enormous domestic pressure and amid signs their political priorities are irreconcilable. Biden badly needs the war to end to ease anger among progressives that is threatening his weakened political coalition ahead of November’s election. The backdrop to the call is US fury over the killings of seven aid workers from World Central Kitchen in an Israeli strike in Gaza. And the killings of the aid workers threatens to halt a vital lifeline needed to mitigate famine in the Hamas-run Gaza Strip. The strike on Damascus also heaped more domestic political pressure on Biden from inside the Democratic Party.
Persons: Joe Biden’s, Benjamin Netanyahu, , Biden, Netanyahu, It’s, Xi Jinping, Biden’s, , Israel, John Kirby, José Andrés, , Rishi Sunak, Donald Trump, Thaer Ahmad, Nahreen Ahmed, , Biden “, Benny Gantz, Ro Khanna, Mark Esper, ” Esper, CNN’s Jake Tapper, Netanyahu – Organizations: CNN, Israeli, National Security Communications, Hamas, World, Reuters, Navy, America, Gaza Health Ministry, Israel Defense Forces, Republicans, Capitol, British, Democratic, White, Black, Islamic Revolutionary Guard Corps, Democratic Party, , Democrats, California Democrat, Americans, Iranian Locations: Gaza, Israel, Rafah, Washington, Syria, China, America, Britain, Australia, Canada, Wisconsin, Michigan, Palestinian American, Palestine, Damascus, Iran, Iraq, Yemen, Iranian, Damascus –, United States, Lebanon, California, Jordan
When President Biden said he was “outraged and heartbroken” about the killing of seven World Central Kitchen aid workers in Gaza, his forceful language raised a natural question: Would this strike, even if a tragic error, lead him to put conditions on the weapons he sends to Israel? So far, the White House has been silent on whether Mr. Biden’s anger is leading to a breaking point with Prime Minister Benjamin Netanyahu, with whom every interaction has been tense. But in public, at least, Mr. Biden has limited his responses to ever more indignant declarations. Launching a bombing campaign on the southern city of Rafah would cross a “red line,” Mr. Biden has insisted, without laying out the consequences. The attack on the World Central Kitchen convoy is more evidence that Israel “has not done enough to protect aid workers,” he said on Tuesday, without specifying how its behavior should change.
Persons: Biden, , Benjamin Netanyahu, Mr, Israel “, Chris Van Hollen, “ Netanyahu Organizations: Kitchen, White Locations: Gaza, Israel, Rafah, Maryland, United States
CNN —A federal judge on Wednesday blasted a convicted January 6 rioter for downplaying the US Capitol attack and using the kind of revisionist rhetoric that former President Donald Trump often uses on the campaign trial. “This cannot become normal… We cannot condone the normalization of the January 6 US Capitol riot,” US District Judge Royce Lamberth said while sentencing Taylor James Johnatakis to more than seven years in prison. He did not reference Trump by name while sentencing Johnatakis, but the comparisons were clear. According to evidence presented at trial, Johnatakis attended Trump’s rally on January 6 and then threatened to “break down doors” while marching toward the Capitol. He has been defiant about his actions, saying in a recent interview that “we did nothing” on January 6, and writing about the “injustice” that he and other Capitol riot defendants are facing behind bars.
Persons: Donald Trump, Royce Lamberth, Taylor James Johnatakis, Johnatakis, ” Trump, , , Martin Luther King Jr, Henry David Thoreau, ” Lamberth, Ronald Reagan, ” Johnatakis Organizations: CNN, Capitol, Trump, Sovereign, Prosecutors Locations: Washington ,
Sam Bankman-Fried says he's "haunted, every day" by what happened at FTX. The disgraced crypto mogul told ABC News that he never thought what he was doing was illegal. Bankman-Fried was convicted of seven criminal counts and sentenced to 25 years in prison last week. AdvertisementFormer FTX CEO Sam Bankman-Fried says he "never intended to hurt anyone or take anyone's money." Bankman-Fried was convicted of seven criminal counts, including fraud and money laundering, and sentenced to 25 years in prison on Thursday.
Persons: Sam Bankman, Fried, Organizations: ABC News, Service, Business Locations: FTX
You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. How José Andrés and His Corps of Cooks Became Leaders in Disaster AidLong before the killings of seven workers in Gaza, World Central Kitchen pioneered a new way to deliver emergency relief, using local labor and recipes. Share full articleJosé Andrés, the Spanish chef who founded World Central Kitchen, delivering food in Kherson, Ukraine, in 2022. Credit... AP Photo/Efrem Lukatsky
Persons: José Andrés Organizations: Disaster, AP Locations: Gaza, Spanish, Kherson, Ukraine
A record number of US cities have an average home price of more than $1 million. AdvertisementA record number of US cities have an average home value of more than $1 million — a sign that the housing market is becoming increasingly out-of-reach for some Americans as prices continue to soar. The US has 550 cities where the typical home value is north of seven figures, according to a recent Zillow report. That's the highest number of so-called "million-dollar" cities ever recorded, the real-estate-listings site said, up from 491 a year ago. This story is available exclusively to Business Insider subscribers.
Persons: Zillow, Organizations: Service, Business Locations: California
Hong Kong CNN —Picture Vladimir Putin, Angela Merkel and George W. Bush as 7-year-olds. Noemi Cassanelli/CNNAsia’s largest art fair, which concludes Saturday, has returned to “pre-pandemic scale,” as organizers put it. Hong Kong artist Mak2's installation in the fair's "Encounters" section. A colorful booth by Dvir Gallery, based in Paris, Tel Aviv and Brussels, which participated in the Hong Kong fair for the first time. So while Art Basel is a “very international platform,” Chan said, it still provides the chance to showcase homegrown talent.
Persons: Vladimir Putin, Angela Merkel, George W, Bush, , Noemi Cassanelli, Hong, Hong Kong’s, , William Leung, fairgoer, , Ivy Haldeman, François Ghebaly, It’s, it’s, “ It’s, Victoria Miro, Wirth, Mark Bradford, Philip Guston, Ed Clark, ” Keith Tsuji, Willem de Kooning’s, Kooning, Fuyuhiko Takata, Yoko Ono’s, Takata, Fuyuhiko, Louise Delmotte, I’m, ” Takata, fairgoers, Jaume Plensa, Mary Sabbatino, Sabbatino, Mak2, Teppei, Maho Kubota, Alexie, Kantor, Trevor Yeung, Stephen Wong, people’s, Hilda Chan, London’s, ” Chan Organizations: Hong Kong CNN, Art Basel, CNN, , Hauser, Hauser & Wirth, Galerie Lelong, The, Hong, Dvir, Hong Kong, CNN Hong, London’s Tate Locations: Hong Kong, Beijing, Hong Kong ., China, New York, Art Basel Hong Kong, Los Angeles, Asia, American, Spanish, York, Paris, Australian, Paris , Tel Aviv, Brussels, Hong
The S & P 500 is closing out the first quarter on an epic win streak: The index is up 10% year to date and an amazing 25% in the past five months. Select S & P 500 sectors YTD Communication Services up 15% Technology up 12% Energy up 11% Financials up 11% Industrials up 10% Health Care up 8% The only sector down this quarter is real estate, off by 3% in the period. About 70% of the S & P 500 is in the green this year. The S & P 500 advance/decline has been on a tear since the middle of January, with far more stocks advancing on a daily basis than declining. "We saw persistent strength with the S & P 500 up every month from November through February, and this has nearly always been followed by more months of strength," he said.
Persons: Todd Sohn, Strategas, It's, Russell, Ned Davis, Davis, Alec Young Organizations: Communication Services, Technology, Energy, Care
watch nowFTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research. FTX founder Sam Bankman-Fried leaves the U.S. courthouse in New York City on July 26, 2023. Instead, "He's an awkward math nerd" with a "tireless work ethic," said the lawyer, who also compared the FTX founder to "a beautiful puzzle." In this courtroom sketch, FTX founder Sam Bankman-Fried attends his sentencing hearing at federal court in New York City on March 28, 2024. Barbara Fried and Allan Joseph Bankman, parents of FTX co-founder Sam Bankman-Fried, arrive at court in New York on March 28, 2024.
Persons: Sam Bankman, Fried, Lewis Kaplan, Kaplan, FTX, District Judge Lewis Kaplan, Jane Rosenberg, Bankman, convicting, Prosecutors, Amr Alfiky, It's, Marc Mukasey, Torrey Young, Nicolas Roos, scoffed, Roos, Mukasey, Sam, Sunil Kavuri, Damian Williams, Samuel Bankman, " Williams, General Merrick Garland, Joseph Bankman, Barbara Fried, Allan Joseph Bankman, Yuki Iwamura, Caroline Ellison, Nishad Singh, Gary Wang Organizations: Alameda Research, ., U.S, District, Reuters, Republicans, Manhattan U.S, Stanford Law, Bloomberg, Getty, Bankman Locations: Manhattan, New York City, U.S, FTX, Kavuri, New York
It's sentencing day for Sam Bankman-Fried
  + stars: | 2024-03-28 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
In today's big story, disgraced crypto executive Sam Bankman-Fried finds out how long he's going to prison . Sam Bankman-Fried, the ex-CEO of FTX and former face of crypto, will be sentenced in a Manhattan courtroom today. An FTX debtor lawyer told the bankruptcy court that FTX customers and creditors "will eventually be paid in full." AdvertisementGetty Images; Alyssa Powell/BIBut according to some, FTX customers getting their money back is despite SBF, not because of him. Almost a third of young people reported using ChatGPT "for tasks at work."
Persons: , Sam Bankman, Fried, Chelsea Jia Feng, Lewis Kaplan, E, Jean Carroll, Donald Trump, Insider's Jacob Shamsian, FTX, Alyssa Powell, John J, Ray III, SBF, What's, Bernstein, Toni Sacconaghi, they've, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Prosecutors, Big Tech, Companies, Pew, ChatGPT, Microsoft, League Baseball's Locations: Manhattan, New York, London, Chicago
Sam Bankman-Fried Was Sentenced to 25 Years in Prison
  + stars: | 2024-03-28 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, who was convicted of stealing $8 billion from his customers, was sentenced today to 25 years in prison. Bankman-Fried, 32, was convicted last fall of seven counts of fraud, conspiracy and money laundering. His prison sentence marks the finale of a sweeping fraud case that exposed greed and risk-taking across the loosely regulated world of cryptocurrencies. Just 18 months ago, Bankman-Fried was considered a corporate titan and one of the youngest billionaires on the planet. But in his remarks during his sentencing hearing in New York City today, he appeared to accept that he would be in prison for some time.
Persons: Sam Bankman, Fried, FTX, Organizations: Locations: New York City
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