US NATIONAL NEWS
FTX’s Bankman-Fried faces new charges in updated indictment
Published
4 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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Florida
Trump Plans Fort Myers Rally as Byron Donalds Seeks to Become Florida’s First Black Governor
Published
1 week agoon
October 17, 2026FORT MYERS, Fla. (FNN) — President Donald Trump is scheduled to hold a midterm rally in Fort Myers on Friday, Oct. 23, bringing his campaign efforts to the congressional district represented by his endorsed candidate for Florida governor, U.S. Rep. Byron Donalds.
Donalds, the Republican nominee, faces Democrat David Jolly in the Nov. 3 election. If elected, Donalds would become Florida’s first Black governor, succeeding term-limited Republican Gov. Ron DeSantis.
U.S. Rep. Byron Donalds speaks at a Turning Point Action event in Florida. Photo by Roman Garay / Florida National News.
Rally Set for Oct. 23
Trump’s remarks are scheduled to begin at 2 p.m., with doors opening at 10:30 a.m., according to the Republican Party’s event registration page. All times are Eastern.
Gulf Coast News reports that the rally will take place at Alico Arena at Florida Gulf Coast University. However, the official GOP registration page still lists the venue as “To Be Announced.” Attendees should check that page for confirmation and updates.
Prominent conservative figures, including Tucker Carlson, then-former President Donald Trump, U.S. Rep. Byron Donalds and Megyn Kelly, rallied Republican voters during the Turning Point Action Conference at the Palm Beach County Convention Center, July 15-16, 2023.
Photo by Roman D. Garay / Florida National News.
Trump’s Endorsement Connects President to Historic Bid
Trump has endorsed Donalds, whose campaign lists the president among its prominent Republican supporters. The Fort Myers visit places Trump in Donalds’ Southwest Florida political base during the closing weeks of the election.
Following his primary victory, Donalds acknowledged Trump’s influence among Republican voters.
“Obviously, he has the strongest following of anybody in our party,” Donalds said, according to Associated Press reporting.
A Donalds victory would give Florida its first Black governor and extend Republican leadership in the governor’s office. Trump’s endorsement connects the president to that potentially historic outcome, although the rally announcement does not identify the event as exclusively supporting Donalds.
Republican Unity and Voter Turnout
Donalds called for Republicans to unite after the primary, telling supporters, “Tonight we are one united Republican Party,” according to the AP.
The Fort Myers rally will provide Trump another platform to address supporters ahead of the Nov. 3 midterm elections. The published event announcement confirms his appearance but does not list additional speakers.
Politics
RNC Chairman Joe Gruters Calls Trump an ‘Absolute Machine’ Ahead of Midterm Elections
Published
1 week agoon
October 17, 2026WASHINGTON (FNN) — Republican National Committee Chairman Joe Gruters is urging Republicans to focus on voter turnout ahead of the Nov. 3 midterm elections, praising President Donald Trump’s campaign appearances and arguing that the party’s success depends on getting supporters to the polls.
In a Fox News appearance highlighted in an RNC news release, Gruters described Trump as an “absolute machine” and pointed to the president’s rallies as a central part of Republicans’ election strategy.
Gruters: ‘It’s All About Turnout Now’
Gruters expressed confidence in Republican candidates while sharply criticizing their Democratic opponents.
“We have strong candidates; [Democrats] have incredibly weak candidates. It’s all about turnout now. That’s why the president’s going to all these rallies. He’s an absolute machine, getting the job done,” Gruters said, according to the release.
His remarks emphasized voter mobilization as Republicans seek to protect and expand their congressional majorities.
RNC Chairman Highlights Trump’s Policies
Gruters also praised the administration’s policies, particularly its approach to the southern border, presenting those efforts as reasons voters should support Republican candidates.
“This president deserves a lot of credit. He deserves a lot of praise for all these great things that he has done,” he said.
The release included broader claims about border enforcement and drug trafficking but did not provide supporting data. Those statements represent Gruters’ assessment of the administration’s record.
Florida Connection to National GOP Leadership
Gruters, a former chairman of the Republican Party of Florida, now leads the national party’s effort to rally Republican voters. The Florida GOP described him as a longtime Trump ally when announcing his election as RNC chairman.
His national role places a political leader with Florida party experience at the forefront of Republicans’ midterm turnout campaign.
Closing Message: Get Supporters to the Polls
“This race all comes down to turnout,” Gruters said.
He framed the election as a choice about the country’s direction and urged voters to continue supporting Trump and conservative leadership.
“If you believe in the American dream, and you still have hope that you or your children could achieve it, then you’ve got to continue the leadership of the conservative party and this president, Donald J. Trump.”
Business
Dallas Mayor Eric Johnson Listed as Speaker for Global AI, Supply Chain Summit
Published
3 weeks agoon
October 9, 2026Organizers say the Oct. 26–27 conference will bring together business leaders, policymakers and technology professionals for discussions on global commerce, digital transformation and industry innovation.
DALLAS, TX (FNN) — Dallas Mayor Eric L. Johnson is listed as an invited speaker for the Global Procurement, Supply Chain, AI & Logistics Summit and Global Recognition Awards 2026, scheduled for Oct. 26–27 in Dallas, according to an announcement from the event’s organizer.
The American Association of Procurement, Supply Chain and Tourism Management, known as AAPSCM, said the two-day summit will take place at the AC Hotel & Residence Inn Dallas by the Galleria, 5460 James Temple Drive.
The conference will focus on artificial intelligence, supply chain resilience, innovation and the future of global commerce.
Mayor listed among international speakers
Organizers identified Johnson among the invited speakers joining executives, policymakers, academics, consultants and professionals in procurement, supply chain management, technology and logistics.
The announcement describes participants as coming “from the United States and around the world.”
According to the release, Johnson is listed among speakers participating in the Oct. 27 program. The announcement does not specify the subject or time of his remarks.
AI, forecasting and digital transformation
The second day’s agenda includes a session on artificial intelligence and machine learning in inventory management, forecasting, and sales and operations planning.
An executive leadership session titled “Driving Innovation & Digital Transformation” is scheduled to follow.
The program will examine technology’s role in procurement, logistics and supply chain operations, with an emphasis on how leaders respond to changing business conditions.
Awards to recognize industry achievement
The summit will also include procurement and supply chain awards, followed by Global Excellence Awards recognizing individuals, organizations and industry leaders.
Organizers said the awards program includes more than 35 categories spanning procurement, supply chain management, artificial intelligence and logistics.
The announcement describes the awards as recognizing “achievement, innovation and leadership.”
Executives and decision-makers expected
AAPSCM said it expects attendees to include chief executives, chief procurement officers, chief supply chain officers, chief operating officers and technology leaders.
The anticipated audience also includes procurement directors, logistics professionals, government representatives and specialists in AI and digital transformation.
About the organizer
AAPSCM describes itself as a U.S.-based nonprofit professional organization that supports professional development through certification, education, training, membership, conferences and international collaboration.
Event and registration information
- Event: 2nd Global Procurement, Supply Chain, AI & Logistics Summit & Global Recognition Awards 2026
- Dates: Oct. 26–27, 2026
- Venue: AC Hotel & Residence Inn Dallas by the Galleria
- Address: 5460 James Temple Drive, Dallas, Texas 75240
- Organizer: American Association of Procurement, Supply Chain and Tourism Management
- Registration: aapscm-conferences.org
- Organization: aapscm.org
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