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BBCNEWS World July 2, 2024

one of the biggest financial frauds in american history that s how a new york prosecutor described the actions of sam bankman fried, the former cryptocurrency boss, who, in the last few hours, has been convicted of defrauding investors. as you ve been hearing, mr bankman fried was arrested a year ago, when his cryptocurrency exchange, ftx, and his investment fund, alameda research, went bankrupt. prosecutors said he had used money stolen from ftx customers to prop up alameda and to fund his lavish lifestyle. after a month long trial, a jury agreed. late on thursday, they found him guilty of all seven counts of fraud and conspiracy. as the bbc s erin delmore explains, the collapse of ftx and the crimes of bankman fried are posing all kinds of uncomfortable questions for the crypto industry. after more than four weeks in court, thenjust four and after more than four weeks in court, then just four and a half hours of deliberations, a jury half hours of deliberations, a ....

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BBCNEWS BBC July 2, 2024

good afternoon. israel says its troops in gaza are engaged in face to face combat with fighters from hamas, designated a terrorist organisation by the uk government. israel says its troops have now completely encircled gaza city, here in the north of the territory. meanwhile, 92 british nationals are on a list which means they could escape the fighting and leave gaza today through the rafah crossing into egypt. jon donnison reports from jerusalem. israel says it s at the height of its battle with hamas. its ground offensive in northern gaza is pushing forward, with the military claiming gaza city is now completely encircled. translation: we discovered encircled. translation: - discovered today a recording call with a health official in gaza who spoke with our forces and described how hamas controls fuel supplies and a hospital. while supplies are running out, they are stealing from sick patients for terror aims. we will continue to expose to the world the act of hamas ....

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BBCNEWS BBC July 2, 2024

a self made entrepreneur who promised customers that his crypto exchange ftx was an safe and easy way into crypto currency. he exchange ftx was an safe and easy way into crypto currency. way into crypto currency. he was ro elled way into crypto currency. he was propelled into way into crypto currency. he was propelled into an way into crypto currency. he was propelled into an a-list - way into crypto currency. he was propelled into an a-list social. propelled into an a list social network of celebrities. imilli propelled into an a-list social network of celebrities. with ftx i have everything network of celebrities. with ftx i have everything i network of celebrities. with ftx i have everything i need network of celebrities. with ftx i have everything i need to - network of celebrities. with ftx i have everything i need to buy - network of celebrities. with ftx i | have everything i need to buy and sell. he charmed washington politicians calling for greater t ....

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BBCNEWS World July 2, 2024

let s talk about those job numbers. lower than expected. what is your analysis? lower than expected. what is your anal sis? , ., ., analysis? they were lower than exected analysis? they were lower than exnected but analysis? they were lower than expected but we analysis? they were lower than expected but we see analysis? they were lower than expected but we see the - analysis? they were lower than l expected but we see the markets analysis? they were lower than - expected but we see the markets will be celebrating this because this means that the policy tightening that we have seen for so many months is really beginning to work. and what that means is that the market has now mainly decided that the federal reserve does not need to hike interest rates any more. there was a big over whether or not there would be another interest rate height development height and that has been brushed aside by some data showing some slowing. if you like, this is pretty good news. we ....

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BBCNEWS World July 2, 2024

thenjust 4.5 hour top deliberations, a jury convicted sam bankman fried of fraud and conspiracy charges, likely dealing him are lifetime prison sentence. a warning was given at all would be fraudsters that could be hurt as the particular warning for other fraudsters operating in the crypto sector. it fraudsters operating in the crypto sector. , ., fraudsters operating in the crypto sector. , . . fraudsters operating in the crypto sector. , ., ., ., sector. it is also a message, a warnin: sector. it is also a message, a warning this sector. it is also a message, a warning this case, sector. it is also a message, a warning this case, to - sector. it is also a message, a warning this case, to every - sector. it is also a message, a i warning this case, to every single fraudster out there who thinks that they are untouchable, or that their crimes are too complex for us to catch. or that they are too powerful for us to prosecute. or that they could try to talk their way ....

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