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‘Lied to the World’ or Acted in ‘Good Faith’: Sam Bankman-Fried’s Trial Opens

Published Fri, 15 Nov 2024 02:14:04 GMT

NEW YORK — Federal prosecutors on Wednesday opened the criminal trial of Sam Bankman-Fried, founder of the failed cryptocurrency exchange FTX, with a simple message: He deliberately “lied to the world,” leading to one of the biggest financial frauds of a generation.Bankman-Fried’s lawyer advanced a far different narrative. The former crypto mogul, the lawyer said, was simply a well-intentioned entrepreneur who acted “in good faith” to make his firm successful, with no intention to defraud anyone.The dueling arguments are at the crux of Bankman-Fried’s trial, which has become the highest-profile reckoning for a business executive since Theranos founder Elizabeth Holmes was convicted of fraud early last year.A onetime crypto wunderkind, Bankman-Fried, 31, became a tousle-haired billionaire overnight, only to see his company collapse last year and his fortune evaporate. He has been charged with orchestrating a conspiracy to use $10 billi...

Fleeing robbery suspect causes violent crash; 3 critical

Published Fri, 15 Nov 2024 02:14:04 GMT

SOUTH LOS ANGELES - An armed robbery suspect trying to escape arrest caused a collision that sent seven people, including three children, to the hospital Wednesday, authorities said.Three of the victims were in critical condition.The crash occurred just after 1 p.m. at Broadway and West 81st Street.According to Los Angeles Police, officers with LAPD's Community Safety Unit were trying to arrest a man on an armed robbery warrant when he sped away in a BMW."The officers were in proximity but not behind him," Lt. Kenneth Busiere told KTLA. “Their lights and sirens were not activated … The helicopter was overhead, and he may have been aware of the helicopter’s presence."The scene of a four-car crash in South L.A. that sent seven people to the hospital. Oct. 4, 2023. (Citizen)When the suspect reached the intersection of Broadway and West 81st, he slammed into a silver Hyundai Elantra carrying three adults and three children, Busiere said.Another vehicle was also damaged in the collision....

The top 10 most expensive home sales in San Jose, reported the week of Sep. 18

Published Fri, 15 Nov 2024 02:14:04 GMT

A house that sold for $3.9 million tops the list of the most expensive residential real estate sales in San Jose in the past week.In total, 45 residential real estate sales were recorded in the area during the past week, with an average price of $2.2 million, $1,049 per square foot.The prices in the list below concern real estate sales where the title was recorded during the week of Sep. 18 even if the property may have been sold earlier.10. $2.8 million, single-family home in the 18500 block of Annie LaneThe property in the 18500 block of Annie Lane in San Jose has new owners. The price was $2,800,000. The house was built in 1978 and has a living area of 3,111 square feet. The price per square foot is $900. The house features four bedrooms and three bathrooms.Annie Lane9. $2.9 million, detached house in the 1500 block of Newport Ave.A sale has been finalized for the single-family house in the 1500 block of Newport Ave. in San Jose. The price was $2,850,000 and the new owners took o...

Deadly 2018 car crash referenced in Sen. Menendez indictment

Published Fri, 15 Nov 2024 02:14:04 GMT

By Celina Tebor | CNNNadine Arslanian Menendez, wife of Sen. Bob Menendez, hit and killed a pedestrian in a 2018 car crash, according to a police report. That car crash, which took place prior to her marriage to the New Jersey Democrat, is alleged to be the inception of a bribe in the federal indictment against the couple.According to a report from the Bogota, New Jersey, police department, Nadine Menendez struck 49-year-old Richard Koop with her Mercedes-Benz sedan in Bogota in December 2018, killing him. She was driving alone.Police questioned Nadine Menendez and concluded she was not at fault for the crash, the report says, and she was released without a summons and allowed to leave the scene of the crash. The pedestrian, Koop, had been jaywalking, according to the police report.According to The New York Times, Nadine Menendez was never tested for drugs or alcohol. Authorities must demonstrate probable cause a driver was impaired before testing for alcohol immediately after a cra...

How you can get thousands back from the government for buying an EV

Published Fri, 15 Nov 2024 02:14:04 GMT

(KRON) -- In California, the cost of a gallon of regular gas has gone from an average of $5.28 roughly one month ago to $5.97 per gallon, as of this week, according to AAA. As of Wednesday, the Bay Area's cheapest average price for a gallon is in Santa Clara County at about $5.79 per gallon -- the national average is $3.78. Tired of rising gas prices? Perhaps you may want to switch to an electric vehicle (EV). The federal government and the state of California are offering thousands of dollars in cash incentives for drivers to switch from a gasoline vehicle to an EV or fuel cell electric vehicle (FCV).Overview of Government IncentivesThe federal government, via the Internal Revenue Service (IRS), is offering up to $7,500 back in your federal tax return for purchasing a battery-powered car. The program is part of the Inflation Reduction Act of 2022, which is a 10-year plan. The maximum tax credit of $7,500 is "likely" to be reduced by Jan. 1, 2024, according to Tesla. California, via...

Amtrak train involved in fatal crash in Berkeley

Published Fri, 15 Nov 2024 02:14:04 GMT

(KRON) -- One person is dead after they were struck by an Amtrak train in Berkeley on Wednesday, the Berkeley Police Department confirmed. The crash happened at about 5:35 p.m. near Harrison Street. The victim died at the scene. The train stopped after the crash, blocking Gilman Street. There is no estimated time for the street to reopen. Amtrak police will investigate the crash.

San Francisco officials apologize to hot dog vendor for pushing incident

Published Fri, 15 Nov 2024 02:14:04 GMT

SAN FRANCISCO (KRON) -- City officials issued an apology Wednesday following an incident involving a man selling hot dogs and an overzealous public works employee.A witness recorded cellphone video that was uploaded onto Instagram. The video shows a man donning a fluorescent San Francisco Public Works vest as he darts toward a hot dog vendor and pushes a cart over. Buns, hot dogs, peppers, and other ingredients spilled out of the cart and onto the sidewalk.The October 1 incident reportedly happened at Pier 39, where food vendors frequently sell tasty food to tourists and locals on the weekends. The video spurred a backlash on social media. One Instagram user commented, "If only they put that much energy into the people stealing and breaking into cars!"The San Francisco Public Works department told KRON4 that the employee in the video was part of a multi-agency operation targeting unpermitted food vendors.SFPW officials told KRON4, "We train our employees in de-escalation techniques ...

Former NHL coach Kevin Constantine suspended indefinitely by WHL as coach of Wenatchee Wild

Published Fri, 15 Nov 2024 02:14:04 GMT

CALGARY, Alberta (AP) — Former NHL coach Kevin Constantine was suspended indefinitely by the Western Hockey League on Wednesday as coach of the Wenatchee Wild.The major junior league said an independent investigation determined Constantine violated WHL regulations and policies by making what it called “derogatory comments of a discriminatory nature.”The WHL said Constantine will not be eligible to apply to the commissioner for reinstatement until 2025 at the earliest. Constantine was previously suspended Sept. 24 pending the independent investigation.The 64-year-old Constantine coached in the NHL from 1993-2002 with the San Jose Sharks, Pittsburgh Penguins and New Jersey Devils. He coached in Austria last season, directing Szekeshfehervar Alba Volan.“The WHL holds our players and staff to a very high standard of conduct at all times,” WHL Commissioner Ron Robison said in a statement. “We have extensive programming which emphasizes the importance of always treating players and staff ...

Ecuador’s Liga de Quito and Brazil’s Fortaleza will play in the Copa Sudamericana soccer final

Published Fri, 15 Nov 2024 02:14:04 GMT

BUENOS AIRES (AP) — Ecuador’s Liga de Quito and Brazil’s Fortaleza will play for the Copa Sudamericana title on Oct. 28 in Uruguay. The Ecuadorians advanced on Wednesday after a goalless draw with Argentina’s Defensa y Justicia in Buenos Aires. Liga won the first leg 3-0 at home last week.Fortaleza reached the decider after 2-0 win against local rivals Corinthians on Tuesday. The first leg ended 1-1 in Sao Paulo.Liga won the tournament in 2009 after beating Brazil’s Fluminense in a two-leg final.Fortaleza’s historic win made it the first team from Brazil’s impoverished Northeast region to play an international club final.The decider of South America’s second most prestigious club tournament will take place in the Uruguayan city of Punta del Este, outside the capital Montevideo.The 20,000-seat Domingo Burgueño Miguel Stadium is more than 5,000 kilometers (3,100 miles) from the cities where Liga and Fortaleza are based.___AP soccer: https://ap...

Hombre de Virginia enfrenta cargos de asesinato en el choque que mató a su novia e hija

Published Fri, 15 Nov 2024 02:14:04 GMT

Un hombre del norte de Virginia enfrenta cargos de asesinato por presuntamente conducir en contra vía y estrellarse, causando la muerte de su hija de 5 años y su novia, la madre de la pequeña.Mustafa Aljazairi, de 33 años, originalmente fue acusado de homicidio involuntario por la colisión en Dumfries Road en abril. Las autoridades dicen que creen que Aljazairi intencionalmente impactó a vehículos que se aproximaban después de un argumento con su novia. Dorothy Fontain, de 33 años, y su hija Empress Fontain murieron. Una mujer de 46 años en un vehículo que se aproximaba fue herida de gravedad. Alkazairi fue arrestado y acusado dos días después del choque el 5 de abril. Esta semana, un gran jurado cambió los dos cargos en su contra de homicidio involuntario a asesinato en segundo grado, junto con otros cargos. La familia de Aljazairi le dijo a nuestra cadena hermana News4 que no creen que quiso herir a Dorothy o Empress. A Dorothy la sobreviven otros cin...