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FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers

Published Sat, 01 Feb 2025 15:36:38 GMT

NEW YORK (AP) — A federal jury convicted FTX founder Sam Bankman-Fried on Thursday of fraud charges accusing him of stealing about $10 billion from customers and investors in what a prosecutor says was one of the biggest frauds in U.S. history.The verdict came quickly after a Manhattan federal court jury began deliberating midway through the afternoon. YouTube opens new offices in San Bruno Bankman-Fried, 31, could face decades in prison after prosecutors said he cheated thousands of customers of billions of dollars before the collapse of his companies in November, 2022. Prosecutors said he spent the money on investments, real estate, promotions for his cryptocurrency exchange and political contributions.He was extradited from the Bahamas to the United States in December. Originally freed on a $250 million personal recognizance bond to live with his parents in Palo Alto, California, he was jailed in August after Judge Lewis A. Kaplan concluded that he had tried to tamper with poss...

Antioch man remains missing days after vehicle went into Sacramento River, CHP says

Published Sat, 01 Feb 2025 15:36:38 GMT

(FOX40.COM) — Sacramento County-area authorities are searching for a man who has not been seen since the vehicle he was allegedly driving went into the Sacramento River near the community of Locke on Oct. 27. California Highway Patrol said a single vehicle went into the river near River Road and Twin Cities Road, just north of Locke, which is located approximately 30 miles south of Sacramento. Suspect who led police on chase from SF to Martinez identified Officers determined that the vehicle was heading southbound on River Road when it left the west roadway edge and entered the water, becoming fully submerged. CHP said a man and a woman were found along the river's edge who said they had escaped from the vehicle. Smoke in San Francisco today is from prescribed burn in North Bay Both people, who are from Yolo County, told officers that a 35-year-old man from Antioch had been driving the vehicle. CHP said that a search took place, but the driver was not found. The vehicle was ta...

Gun store owner convicted in Santa Clara County sheriff CCW scandal

Published Sat, 01 Feb 2025 15:36:38 GMT

(KRON) -- A Milpitas business owner pleaded guilty to conspiracy to solicit a bribe, the latest development in a bombshell case that led to former Santa Clara County Sheriff Laurie Smith’s resignation, prosecutors said Thursday.Gun shop owner Michael Nichols, 48, of Milpitas, will serve one year in county jail for his role in a gun permit scheme allegedly orchestrated under Smith's administration. According to prosecutors, members of the sheriff's office traded concealed carry weapon permits, also known as CCWs, in exchange for various donations, including some donations made to Smith’s re-election campaign.Nichols was an "important middleman in the scheme," prosecutors said.Smith, the sheriff for more than two decades, resigned last year. Days after she stepped down, Smith was found guilty in a civil trial that relied on the evidence compiled by the District Attorney's criminal probe. The DA’s Office said its investigation has resulted in four convictions so far, as well as Sm...

Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago

Published Sat, 01 Feb 2025 15:36:38 GMT

NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, expects shoppers will spend more this year than last year, but their spending pace will slow given all the economic uncertainty.The group forecast Thursday that U.S. holiday sales will rise 3% to 4% for November through December, compared with a 5.4% growth of a year ago. Sales for the two-month period will increase to between $957.3 billion and $966.6 billion, the group predicted. The pace is consistent with the average annual holiday increase of 3.6% from 2010 to pre-pandemic 2019. Americans ramped up spending during the pandemic, which accounted for some outsized sales numbers. For the holiday 2021 season, sales for the two-month period surged 12.7%.The forecast comes as shoppers keep spending, powered by sturdy hiring, low unemployment and healthy household finances. That’s despite still higher prices — though inflation has eased — and higher interest rates that make getting a mortgage...

Giants not exactly facing the team they expected in the Raiders

Published Sat, 01 Feb 2025 15:36:38 GMT

LAS VEGAS (AP) — When the week began, the New York Giants thought they were preparing for a Josh McDaniels-coached team quarterbacked by Jimmy Garoppolo.But after a rough Monday night performance at Detroit on national TV, the Las Vegas Raiders fired McDaniels — and others — and benched Garoppolo.Antonio Pierce, who played for the Giants in 2005-09, will be the Raiders’ interim coach and rookie Aidan O’Connell the starting QB when the teams meet Sunday.“I’ve been on the other side of that, too,” New York coach Brian Daboll said. “You have to really focus on your team and getting prepared and watching all the games. You can only do so much.”The Giants (2-6) get back starting quarterback Daniel Jones and hope his return and a defense that has allowed 34 points over three games can lead the way to a victory over Las Vegas (3-5). That could be quite a challenge to a Raiders offense that hasn’t scored 20 points this season — Las Vegas scored 21 points against the New En...

AES: Q3 Earnings Snapshot

Published Sat, 01 Feb 2025 15:36:38 GMT

ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — The AES Corp. (AES) on Thursday reported third-quarter earnings of $231 million.On a per-share basis, the Arlington, Virginia-based company said it had net income of 32 cents. Earnings, adjusted for non-recurring costs, came to 60 cents per share.The power company posted revenue of $3.43 billion in the period.AES expects full-year earnings in the range of $1.65 to $1.75 per share.AES shares have fallen 46% since the beginning of the year, while the S&P’s 500 index has climbed 12%. In the final minutes of trading on Thursday, shares hit $15.50, a decline of 40% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AES at https://www.zacks.com/ap/AESSource

Western Copper: Q3 Earnings Snapshot

Published Sat, 01 Feb 2025 15:36:38 GMT

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Western Copper and Gold Corp. (WRN) on Thursday reported a loss of $614,000 in its third quarter.The Vancouver, British Columbia-based company said it had a loss of 1 cent per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WRN at https://www.zacks.com/ap/WRNSource

Silvercrest: Q3 Earnings Snapshot

Published Sat, 01 Feb 2025 15:36:38 GMT

NEW YORK (AP) — NEW YORK (AP) — Silvercrest Asset Management Group Inc. (SAMG) on Thursday reported net income of $3.2 million in its third quarter.On a per-share basis, the New York-based company said it had net income of 34 cents. Earnings, adjusted for non-recurring costs, came to 36 cents per share.The investment company posted revenue of $29.7 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAMG at https://www.zacks.com/ap/SAMGSource

Ohtani, Bellinger, Montgomery, Snell head free agent market. Players can start contract talks Monday

Published Sat, 01 Feb 2025 15:36:38 GMT

NEW YORK (AP) — Shohei Ohtani, Cody Bellinger, Jordan Montgomery, Blake Snell and Aaron Nola were among the 130 players who became free agents Thursday as baseball’s business season began the day following the Texas Rangers’ first World Series title.Max Muncy, Joe Jiménez and Colin Rea gave up a chance to go free and agreed to new contracts with their teams.That free agent market also includes Sonny Gray, Josh Hader, Matt Chapman, Jorge Soler and J.D. Martinez.Minnesota prevented outfielder Max Kepler and infielder Jorge Polanco from going free, exercising a $10 million option on Kepler and and $10.5 million option on Polanco. Each would have been owed a $1 million buyout had the option been declined.At the start of the day, 61 additional players had the potential to go free by Monday, depending on decisions on options and opt outs.Players may start negotiating with any team at 5 p.m. EST Monday, also the deadline for teams to make qualifying offers. Players may receive ...

Migrantes se cosen la boca en reclamo de documentos de tránsito en el sur de México

Published Sat, 01 Feb 2025 15:36:38 GMT

HUIXTLA, México – La caravana de miles de migrantes que se ha estacionado en Huixtla, Chiapas, en el sur de México, realizó este jueves una manifestación pacífica, donde casi una decena de ellos se cosieron los labios como una medida de presión para pedir Fórmulas Migratorias Múltiples (FMM) al gobierno mexicano.Tres mujeres y seis hombres provenientes de Honduras, El Salvador y República Dominicana realizaron la protesta a manos de una enfermera de la Organización Madre Tierra, quien se encargó de suturar los labios de cada uno de los extranjeros que forman parte de este éxodo de personas migrantes.Rafael Cruz, migrante de Honduras, fue uno de los primeros extranjeros que accedió a coser sus labios de manera voluntaria en forma de sacrificio por todos los miles de migrantes que viajan en esta caravana y quienes estuvieron dos meses varados en Tapachula, pero ya se les terminó el dinero y se vieron obligados a salir en caravana. Más de 8,000 migrantes avanzan en ...