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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Sports
GM Brands Dominate Detroit as Cadillac and Corvette Capture IMSA Chevrolet Detroit Sports Car Classic Wins
Published
4 days agoon
May 31, 2026DETROIT (FNN SPORTS) — Cadillac and Chevrolet celebrated a historic hometown sweep Saturday as both General Motors brands captured class victories in the IMSA WeatherTech SportsCar Championship’s Chevrolet Detroit Sports Car Classic.
Competing in the shadow of General Motors’ Renaissance Center headquarters along the Detroit Riverwalk, the No. 31 Cadillac Whelen Cadillac V-Series.R driven by Jack Aitken and Earl Bamber dominated the 100-minute race to secure the overall victory and Grand Touring Prototype (GTP) class win.
In Grand Touring Daytona Pro (GTD PRO), Antonio Garcia and Alexander Sims powered the No. 3 Corvette Racing by Pratt Miller Motorsports Corvette Z06 GT3.R to victory, giving Chevrolet a celebrated win on its home turf.
Cadillac Continues Detroit Dominance
The No. 31 Cadillac controlled the race from start to finish, executing a near-flawless performance in front of General Motors executives, employees, and supporters.
The victory marked Cadillac’s fifth IMSA triumph in Detroit, adding to previous wins in 2017, 2018, 2021, and 2022. The result also extended the No. 31 team’s streak to seven consecutive GTP podium finishes.
“To do it here at the home of GM and Cadillac with so many friends and family with us, my team absolutely nailed it,” Aitken said after the race.
The No. 25 BMW M Team WRT BMW M Hybrid V8 finished second in class, while the No. 10 Cadillac Wayne Taylor Racing Cadillac V-Series.R completed the GTP podium.
Meanwhile, the No. 93 Acura Meyer Shank Racing with Curb Agajanian Acura ARX-06 earned the IMSA Michelin Sustainability in Racing Award with its fourth-place finish.
Corvette Capitalizes on Late-Race Drama
While Cadillac’s victory was largely under control, the GTD PRO race featured significant late-race drama.
Garcia nearly lost the lead when Jack Hawksworth attempted a pass entering Turn 1 in the No. 14 Vasser Sullivan Racing Lexus RC F GT3. Contact between the two cars triggered a penalty against Hawksworth, whose Lexus received a drive-through penalty for incident responsibility.
Despite the pressure, Garcia maintained control on the final restart to secure his first IMSA victory in Detroit and the 32nd IMSA win of his career.
“Super happy to be in victory lane in Chevrolet land,” Garcia said. “I think all the big bosses will be very happy, as we are. It was a fantastic drive by Alex, who put the car on pole and opened a big gap early.”
The late-race chaos opened the door for the No. 9 Pfaff Motorsports Lamborghini Temerario GT3 driven by Andrea Caldarelli and Sandy Mitchell to earn the new car’s first podium finish in second place.
The No. 65 Ford Mustang GT3 driven by Christopher Mies and Frederic Vervisch rounded out the GTD PRO podium in third.
Championship Battle Tightens Heading to Watkins Glen
Both class winners started from the Motul Pole Award position and successfully converted pole into victory despite two late caution periods that reshuffled the field and intensified competition during the closing laps.
The victory unofficially moves Aitken into the lead of the GTP championship standings, while the No. 4 Corvette pairing of Nicky Catsburg and Tommy Milner maintains the GTD PRO points lead, though by a reduced margin.
The IMSA WeatherTech SportsCar Championship returns June 28 for the Sahlen’s Six Hours of The Glen at Watkins Glen International, one of the premier endurance races on the North American sports car calendar.
Tech
NASA Rolls Out Massive SLS Rocket Stage for Artemis III Mission to Kennedy Space Center
Published
2 months agoon
April 13, 2026By
Willie DavidNEW ORLEANS (FNN) — NASA will roll out the largest section of its Space Launch System rocket on Monday, April 20, marking a major milestone for the Artemis III mission.
The section, representing the top four-fifths of the SLS core stage, is being moved from NASA’s Michoud Assembly Facility in New Orleans. It includes the liquid hydrogen tank, liquid oxygen tank, intertank and forward skirt. The structure will be loaded onto NASA’s Pegasus barge for transport to Kennedy Space Center in Florida.
CORE STAGE DELIVERY AND INTEGRATION
Once the core stage arrives at Kennedy Space Center, teams will complete final outfitting and vertical integration. The hardware will then be transferred to NASA’s Exploration Ground Systems Program for stacking and launch preparation.
The Artemis III engine section and boat-tail, which protects the engines during launch, were previously moved to the Vehicle Assembly Building in July 2025. The four RS-25 engines are scheduled to arrive from Stennis Space Center in Mississippi no later than July 2026 for integration.
POWERING THE ARTEMIS III MISSION
Equipped with four RS-25 engines, the SLS core stage will generate more than 2 million pounds of thrust, enabling the launch of astronauts aboard the Orion spacecraft.
Artemis III is currently targeted for launch in 2027, following the successful Artemis II mission, which completed a crewed flight around the Moon on April 10.
NASA’S MOON-TO-MARS STRATEGY
The Artemis III mission is part of NASA’s broader Artemis program, aimed at returning astronauts to the Moon and establishing a sustained human presence.
The mission will test critical capabilities, including rendezvous and docking between the Orion spacecraft and commercial systems needed for future lunar landings, currently planned for 2028.
NASA is working in partnership with Boeing, the SLS core stage lead contractor, and L3Harris Technologies, the lead contractor for the RS-25 engines. The core stage remains the backbone of the SLS rocket and is manufactured at the Michoud Assembly Facilit
Tech
NASA’s Artemis II Astronauts Begin Historic Journey Around the Moon After Key Orion Engine Burn
Published
2 months agoon
April 3, 2026By
Willie DavidCAPE CANAVERAL, Fla. (FNN) — For the first time in more than 50 years, astronauts on a NASA mission are headed around the Moon after successfully completing a critical burn of the Orion spacecraft’s main engine.
The approximately six-minute firing of Orion’s service module engine Thursday — known as the translunar injection burn — accelerated the spacecraft and its crew beyond Earth’s orbit, placing them on a trajectory toward the Moon.
Aboard the spacecraft are NASA astronauts Reid Wiseman, Victor Glover and Christina Koch, along with Canadian Space Agency astronaut Jeremy Hansen.
“Today, for the first time since Apollo 17 in 1972, humans have departed Earth orbit,” said Dr. Lori Glaze, acting associate administrator for NASA’s Exploration Systems Development Mission Directorate. “Reid, Victor, Christina and Jeremy now are on a precise trajectory toward the Moon. Orion is operating with crew for the first time in space, and we are gathering critical data and learning from each step.”
NASA’s Space Launch System rocket and Orion spacecraft lifted off from Launch Pad 39B at Kennedy Space Center at 6:35 p.m. EDT on April 1, beginning a planned 10-day test mission around the Moon and back.
Successful Launch and Spacecraft Activation
Shortly after reaching space, Orion deployed its four solar array wings, allowing the spacecraft to generate power from the Sun. The crew and mission controllers then began transitioning the spacecraft from launch to normal flight operations while checking critical onboard systems.
About 49 minutes into the flight, the rocket’s upper stage fired to place Orion into an elliptical orbit around Earth. A second burn propelled the spacecraft — named “Integrity” by the crew — into a high Earth orbit extending roughly 46,000 miles above the planet for nearly 24 hours of system testing.
Following the maneuver, Orion separated from the upper stage and began flying independently.
System Tests and Crew Operations in Space
During the early phase of the mission, the astronauts conducted a manual piloting demonstration to evaluate Orion’s handling capabilities using the Interim Cryogenic Propulsion Stage as a docking target.
After the test, Orion executed an automated departure burn to safely move away from the stage. The propulsion stage later performed a disposal burn before re-entering Earth’s atmosphere over a remote area of the Pacific Ocean.
Before its re-entry, four small CubeSats were deployed from the rocket’s Orion stage adapter to conduct separate scientific missions.
Mission teams also transitioned communications to NASA’s Deep Space Network while the crew adjusted to the space environment. Astronauts completed their first rest periods, performed onboard exercise routines, restored the spacecraft’s toilet to normal operations and prepared the spacecraft for the translunar injection burn.
Lunar Flyby and Artemis Program Goals
The crew is scheduled to conduct a lunar flyby Monday, April 6, when astronauts will capture high-resolution images and make observations of the Moon’s surface — including portions of the lunar far side rarely seen directly by humans.
Although the far side will only be partially illuminated during the flyby, the lighting conditions are expected to cast long shadows across the terrain, highlighting ridges, slopes and crater rims that are difficult to observe under full sunlight.
After completing the flyby, the astronauts will return to Earth and splash down in the Pacific Ocean off the coast of San Diego.
The mission marks a major milestone for NASA’s Artemis program, which aims to send astronauts on increasingly ambitious missions to explore the Moon, advance scientific discovery, stimulate economic growth and prepare for the first crewed missions to Mars.
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