SEC charges former FTX CEO Sam Bankman-Fried with defrauding crypto investors
CBSN
The U.S. Securities and Exchange Commission has charged the former CEO of failed cryptocurrency firm FTX with orchestrating a scheme to defraud investors.
An SEC complaint filed Tuesday alleges that Sam Bankman-Fried raised more than $1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets.
The complaint says Bankman-Fried diverted customer funds to Alameda Research LLC, his privately-held crypto fund, without telling them. The complaint also says Bankman-Fried commingled FTX customers' funds at Alameda to make undisclosed venture investments, lavish real estate purchases, and large political donations.
Immigration and Customs Enforcement agents began deploying to some U.S. airports on Monday as a partial government shutdown causes shortages of Transportation Security Administration officers who have resigned or called out of work. Skyler Henry contributed to this report. In:
London — Police in London are investigating a suspected antisemitic hate crime after vehicles belonging to a Jewish ambulance service were set on fire early Monday morning. In:
Washington — The Supreme Court is considering Monday a major elections dispute involving whether federal law bars states from counting mail ballots that are postmarked by, but received after Election Day.
Stocks look set to surge in early trading on Monday after President Trump postponed an ultimatum for Iran to reopen the Strait of Hormuz, saying that the U.S. is engaged in "good and productive" negotiations with Tehran. Edited by Alain Sherter In:
New York's La Guardia Airport was closed late Sunday night after an arriving Air Canada Express plane and ground vehicle collided, according to flight tracking service FlightRadar24.
Savannah Guthrie is renewing pleas to neighbors, friends and residents of Tucson, Arizona, to jog their memories in the hopes of sparking new leads in the disappearance of her mother, Nancy. In:
Officials at Immigration and Customs Enforcement have been scrambling to carry out a weekend directive from President Trump to have immigration agents provide security at airports amid the partial government shutdown, multiple sources familiar with the internal deliberations told CBS News. In:
Fentanyl was found inside Barbie doll packages being sold at a discount store in Missouri, police said on Saturday. In:
New Jersey Senator Cory Booker hasn't been the mayor of Newark since 2013. But when he walks around his neighborhood, you'd never know it. One passer-by yelled out, "The best mayor ever!" In:
Fentanyl was found inside Barbie doll packages being sold at a discount store in Missouri, police said on Saturday. In:
CBS News contributor Arthur C. Brooks is the author of a new book, "The Meaning of Your Life: Finding Purpose in an Age of Emptiness." This morning, he's charting an unlikely path to happiness:
When gauging a war, Americans consider at least two important things: what the goals are overseas and its impact back home. In:
The peace and tranquility of Muir Woods, just north of San Francisco – home to 500+ acres of old-growth redwoods – make it just about the last place you'd expect to find a fight brewing. "The fact that they're taking down whole groups of signs about climate change and our nation's history is disappointing, and embarrassing," said retired U.S. Park Ranger Lucy Scott In: