US NATIONAL NEWS
FTX’s Bankman-Fried faces new charges in updated indictment
Published
3 years agoon
NEW YORK (AP) — FTX founder Sam Bankman-Fried faced new fraud charges Thursday, as prosecutors accused him of cheating thousands of investors out of billions of dollars while casting himself as a trustworthy ”savior of the cryptocurrency industry” — an image boosted by celebrity-studded Super Bowl advertising and big donations to political figures.
New charges, including securities fraud and conspiracy fraud counts, were unveiled with the unsealing of the refreshed indictment in Manhattan federal court.
In a statement, U.S. Attorney Damian Williams hinted, as he has several times previously, that prosecutors were not finished building their case.
“We are hard at work and will remain so until justice is done,” he said.
A spokesperson for Bankman-Fried’s attorneys declined comment.
The new charges raised the prison sentence Bankman-Fried could face if convicted from 115 years to 155 years, authorities said.
It also boosted the number of counts in the indictment to 12, as prosecutors more thoroughly and eloquently told their story of what happened to FTX, Bankman-Fried’s global cryptocurrency exchange, and its affiliated cryptocurrency trading hedge fund, Alameda Research.
The description cast FTX customers, investors, financial institutions, lenders and the Federal Election Commission as victims of fraudulent schemes Bankman-Fried allegedly carried out from 2019 until last November.
Prosecutors said Bankman-Fried stole billions of dollars in FTX customer deposits to support the operations and investments of FTX and Alameda and to fund speculative venture investments, make charitable donations and spend tens of millions of dollars on illegal campaign donations to Democrats and Republicans in an attempt to buy influence over cryptocurrency regulation in Washington.
They said Bankman-Fried cast himself as a “figurehead of a trustworthy and law-abiding segment of the cryptocurrency industry” that sought to protect investors and clients.
“As recently as late 2022, Bankman-Fried boasted about FTX’s profits and portrayed himself as a savior of the cryptocurrency industry, making venture investments and acquisitions purportedly to assist struggling industry participants,” the new indictment says.
Meanwhile, he spent millions of dollars on celebrity advertisements during the 2022 Super Bowl that promoted FTX as the “safest and easiest way to buy and sell crypto” and “the most trusted way to buy and sell” digital assets, it states.
In reality, prosecutors wrote, Bankman-Fried routinely tapped FTX customer assets to provide interest-free capital for his and Alameda’s private expenditures and in the process “exposed FTX customers to massive, undisclosed risk.” They said Bankman-Fried controlled both companies and “used them to prop each other up, notwithstanding conflicts of interest and outright lies to the contrary.”
It was not known when Bankman-Fried would return to Manhattan for an arraignment. Twice in the last two weeks, he has appeared in court after prosecutors expressed concern that he might be communicating online in ways they cannot trace. They have also said his communications indicate that he might be trying to influence a witness with incriminating evidence against him.
A judge is deciding how to toughen Bankman-Fried’s bail requirements to prevent any improper communications. Last week, he even suggested that Bankman-Fried might have to be incarcerated prior to trial if his communications cannot be monitored to ensure he is not tampering with witnesses.
Bankman-Fried has already pleaded not guilty to charges that he cheated investors and looted customer deposits at FTX, his cryptocurrency platform. The charges accuse him of diverting money from his investors in part to finance political donations and make risky trades through his cryptocurrency trading hedge fund, Alameda Research.
Bankman-Fried was arrested in the Bahamas in December and was brought to the United States soon afterward. FTX filed for bankruptcy on Nov. 11, when it ran out of money after the cryptocurrency equivalent of a bank run.
He is free on a $250 million personal recognizance bond. The bail arrangement allows him to live with electronic monitoring at his parents’ home in Palo Alto, California.
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Politics
State Rep. Angie Nixon Condemns Deadly ICE Shooting, Calls for Independent Investigation
Published
6 days agoon
July 10, 2026
JACKSONVILLE, Fla. (FNN NEWS) — Following the fatal shooting of 52-year-old father and construction worker Lorenzo Salgado Araujo by an Immigration and Customs Enforcement (ICE) agent in Houston, Democratic U.S. Senate candidate and Florida State Representative Angie Nixon released the following statement:
Statement from Rep. Angie Nixon
“Lorenzo Salgado Araujo was a father who spent decades building homes and providing for his family. He was fatally shot in the street by an ICE agent operating from an unmarked vehicle. My heart breaks for his wife and three sons.
“Our nation faces a moral choice. We must stop investing billions of taxpayer dollars in an agency that, in my view, terrorizes communities, operates with too little accountability, and often conducts enforcement actions without body cameras or clear identification. Those resources should instead be invested in strengthening our communities and helping families meet their basic needs. I believe ICE should be abolished.
“I stand in full solidarity with Lorenzo’s family in calling for a fully independent and transparent investigation into his death. I also call for the immediate release of his brother and the other individuals who were detained during this incident if they are being held without legal justification.”
Key Points
- Rep. Angie Nixon expressed condolences to the family of Lorenzo Salgado Araujo.
- She called for a fully independent and transparent investigation into the fatal shooting.
- Nixon criticized ICE’s enforcement practices and renewed her call to abolish the agency.
- She urged the release of Lorenzo’s brother and others detained during the incident if their continued detention is not legally justified.
US NATIONAL NEWS
U.S. Expands Sanctions Targeting Iran’s Financial Networks and Regime Financiers
Published
6 days agoon
July 10, 2026
WASHINGTON (FNN NEWS) — The Trump administration announced a new round of sanctions Friday targeting individuals and businesses accused of helping finance Iran’s ruling elite and facilitating international financial transactions on behalf of the Iranian regime.
The sanctions, announced by the U.S. Department of the Treasury, target a global financial network that U.S. officials say supports Iran’s Supreme Leader and other senior regime officials.
Global Financial Network Targeted
According to the administration, the sanctions focus on Ali Ansari, a Dubai-based Iranian national accused of managing an extensive network of real estate and commercial holdings across multiple countries on behalf of Mojtaba Khamenei, the son of Iran’s Supreme Leader, and other regime insiders.
U.S. officials said the network includes assets and business interests in:
- Germany
- United Kingdom
- Spain
- Cyprus
- United Arab Emirates
- Other international jurisdictions
The administration alleges the network has been used to help Iranian regime officials maintain access to international financial markets.
Currency Exchange Houses Sanctioned
The Treasury Department also imposed sanctions on three Iran-based currency exchange firms and their associated leadership:
- Mohammad Darbani and Partners
- Lavasani and Partners
- Mohsen Khandan and Partners
The sanctions also extend to the firms’ managing partners and affiliated front companies.
According to the administration, these entities allegedly enabled Iran to obtain foreign currency and conduct international financial transactions despite existing U.S. sanctions.
Administration Cites Maximum Pressure Campaign
The White House said the latest designations are part of President Donald Trump’s broader strategy to increase economic pressure on Iran.
Administration officials said they will continue targeting individuals, businesses and financial institutions—including foreign entities—that facilitate illicit Iranian commerce or assist the regime in evading U.S. sanctions.
The administration maintains that the sanctions are intended to pressure Iran to end what it describes as destabilizing activities in the region and to hold accountable those who enable corruption within the Iranian government.
Authorities Used for Sanctions
The sanctions were imposed under multiple executive authorities, including:
- Executive Order 13902, targeting Iran’s financial and petroleum sectors.
- Executive Order 13876, focusing on Iran’s Supreme Leader and affiliated individuals.
- Executive Order 13224, as amended by Executive Order 13886, which provides counterterrorism sanctions authority.
Treasury officials said the latest designations build upon previous actions by the Office of Foreign Assets Control (OFAC) targeting Iran’s shadow banking system and currency exchange networks.
US NATIONAL NEWS
White House: Trump Administration Deports Convicted Child Sex Offender After Minnesota Pardon
Published
6 days agoon
July 10, 2026
WASHINGTON (FNN NEWS) — The White House announced Friday that the Trump administration deported a Laotian national convicted of sexually abusing a child after Minnesota officials granted him a pardon.
Conviction and Deportation
According to the White House, Tou Lue Vang, a Laotian national, was convicted in Minnesota of repeatedly sexually abusing a 10-year-old girl. An immigration judge ordered his removal from the United States in 2006.
The White House said Secretary of State Marco Rubio terminated Vang’s legal status, allowing the U.S. Department of Homeland Security (DHS) to carry out his deportation.
White House Criticizes Minnesota Leaders
The administration sharply criticized Minnesota Gov. Tim Walz and Attorney General Keith Ellison, alleging they attempted to prevent Vang’s deportation by granting him a pardon.
In a statement, the White House accused the two Democratic leaders of placing the interests of a convicted child sex offender ahead of public safety and federal immigration enforcement.
The administration argued the deportation demonstrates President Donald Trump’s commitment to removing noncitizens convicted of serious crimes from the United States.
Administration Statement
The White House said the case underscores the administration’s immigration enforcement priorities.
“Under President Trump, criminal illegal aliens who rape children will be found, arrested, and removed,” the White House said.
The administration also asserted that state actions would not prevent federal immigration authorities from enforcing U.S. immigration law.
Political Dispute
The case has become part of the broader national debate over immigration enforcement and the relationship between state criminal justice decisions and federal immigration authority.
Minnesota officials have not been included in the White House announcement, and any response from Gov. Walz, Attorney General Ellison or their offices was not immediately available.
