Misusing Customer Funds News Today : Breaking News, Live Updates & Top Stories | Vimarsana

in kharkiv. they are blaming each other for serious deconstruction. what do we know about what happened and what is being done i guess to save lives and property here? >> reporter: the exact cause of a substantial explosion that destroyed this hydroelectric power dam that holds up the dnipro river remains under investigation. of course ukrainians say russian pre-mined it, in other words set explosives on that dam. and that the ukrainian side of the dam had been regularly subjected to shelling. rather the ukrainian bank. so that had been under russian control. but nonetheless 80 settl...

Founder sam bankman-fried remaining in the custody tonight because a judge denied his offer to pay a quarter million in cash bail, even though he said he had no money. the judge deeming him a flight risk. misusing customer funds and campaign finance violations. carlos suarez is "outfront." >> this is one of the biggest financial frauds in american history. >> reporter: ftx founder and former ceo samuel bankman-fried appeared before a judge in the bahamas at his extradition hearing. he was arrested at his home in the bahamas monday night at the request of the u.s. government. >> from 2019 until...

Sam bankman—fried was the front man of his $32 billion ftx empire. nicknamed the king of crypto, he was one of the industry's biggest personalities. but since his empire collapsed, leaving more than a million customers out of pocket, he has faced numerous accusations of misusing customer funds. now in custody in the bahamas, the us accuses him of, in their words, building a house of cards on a foundation of deception. in multiple interviews, most recently with the bbc last week, he admitted to mismanaging ftx. were you incompetent or were you fraudulent? i didn't knowingly commit fraud, i do...

Fergus walsh, bbc news. the founder of the collapsed crypto currency exchange ftx, sam bankman—fried, has been charged with defrauding customers of billions of dollars. ftx was the world's second largest crypto exchange — allowing customers to buy and sell cryptocurrencies such as bitcoin. the us securities and exchange commission allege he misused funds belonging to its trading customers. joe tidy has more. sam bankman—fried was the front man of his $32 billion ftx empire. nicknamed the king of crypto, he was one of the industry's biggest personalities. but since his empire collapsed le...

That he will fight extradition to the united states, where the authorities have filed eight separate criminal charges against him. he's accused of wire fraud, money laundering and conspiracy to defraud. he also faces civil charges including misleading investors who put over a billion dollars into the company. damian williams is the us attorney for the south district of new york. it's fair to say that this is one of the biggest financialfrauds in the biggest financial frauds in american the biggest financialfrauds in american history. this report from our cyber reporterjoe tidy. sam bankman—f...