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His sudden implosion. he lost billions in just days. he was supposed to testify and now this. so what exactly happened? christine romans? reporter: just an amazing fall from grace and people wondering where their money is. instead of facing congress facing a court appearance in the bahamas. a stunning fall once considered crypto s golden boy. sam bankman-fried, the embattled founder and former ceo of the cryptocurrency giant ftx, arrested in the bahamas monday after u.s. prosecutors filed criminal charges against him. u.s. attorney damian williams confirms the arrest was placed on a sealed indictment filed by the southern division of new york. the new york times were told includes wire fraud. wire fraud conspiracy. securities fraud. ....
Across georgia by thursday morning. and then theoo driving unto thrtheast, where it becomes a rain, wind, and snow several inches likely there, but nothing like what the midwest has endured. more blizzard warnings that include minnesota. we could see two feet of snow on top of what has already fallen. and into the weekend. more wind-driven blinding snow there. by far, the most life-threatening weather tonight and tomorrow will be right here in louisiana. david? no question, rob, we saw a lot of yellow and red in that radar map. we ll take this very seriously along with you. thank you, rob. in the meantime, we turn next to the other major headlines this tuesday night. federal prosecutors unsealing the indictment against the former ceo of crypto-currency exchange giant ftx. tonight, he s now jailed in the bahamas, fighting extradition to the u.s. and this evening, authorities say this has been a massive years-long fraud, billions lost. will customers, investors get any of their money ....
Ceo of the cryptocurrency giant ftx. he s arrested, he s been charged with defrauding investors. farming money to his private hedge fund. he reportedly now in the will not waive extradition. so there is a process and do we have an extradition treaty with the bahamas? it s an independent country now. it s not no longer part of the commonwealth. part of the commonwealth, no longer part of england. the uk. he ll be able perhaps to delay extradition but ultimately it s unlikely that hill succeed in avoiding some form of extradition that will return him to the united states. he faces not only those criminal charges, andrea, there is also a parallel fcc proceeding. a civil proceeding. he ultimately faces both bankruptcy and the possibility of criminal conviction. bankruptcy beyond what ftx has gone through but something that will extend all of his personal ....
Giant ftx. sam bank man fried. authorities calling this a massive years-long fraud, losing billions. will customers, investors get any of their money back? rebecca jarvis standing by. less than two weeks until christmas, the flu, covid, and rsv. tonight, the hospital where they re now building triage tents outside. some states now transferring patients out of state for care. tonight, the story on this home. frosty the snowman, christmas lights outside. authorities now describing a plot inside, right out of the americans kwtsz tv show. authorities say the man accused of sending sensitive technology and equipment to russia, operating right out of this home. pierre thomas standing by. the war in ukraine tonight. president biden and the pentagon set to take a major step forward in helping ukraine defend itself. we have late reporting. the historic moment at the white house today. president biden signing the landmark bipartisan respect for marriage act, protecting ....
did you know that ftx deposits were used to pay off at alley ma creditors. reporter: ftx customers alone were defrauded over $8 billion according to federal authorities. are you worried about going to jail? there are a lot of things that are worrying me right now. let whatever, you know, regulatory and legal processes play out as they will. reporter: the 30-year-old once celebrated as the poster child for transparency in crypto. his company valued at $32 billion earlier this year, attracting amateur investors and partners with celebs like steph curry and tom brady. but imploding nearly a month ago, with ftx filing for bankruptcy and bankman-fried stepping down as ceo. this is just taking money from customers and using it if your own purpose. not sophisticated at all. a lot more to this story to come. ....