The Latest Breaking News from Damian Williams

Former cryptocurrency exchange entrepreneur Sam Bankman-Fried hugged his parents as he was denied bail after being charged with “one of the biggest financial frauds in American history”.

WASHINGTON: Sam Bankman-Fried faces up to 115 years in prison if he’s convicted on all eight charges filed by the US Department of Justice on Tuesday — though he’s unlikely to be sentenced to that long a term.

Company founder was arrested and charged with running a ‘house of cards’ in ‘one of the biggest financial frauds in US history’

Federal prosecutors warn crypto companies to get in line, lest Sam Bankman-Fried and FTX’s fate befall them.

The arrest was made Monday after the U.S. filed criminal charges that are expected to be unsealed Tuesday, according to U.S. Attorney Damian Williams. Bankman-Fried had been under criminal investigation by U.S. and Bahamian authorities following the collapse last month of FTX.

Sam Bankman-Fried was arrested in the Bahamas, based on a criminal indictment that was unsealed Tuesday. Authorities say he improperly diverted billions of dollars.

The Bahamian government said the U.S. has filed criminal charges against Bankman-Fried.

Bahamas authorities arrested Sam Bankman-Fried on Monday at the request of the U.S., which has filed charges against the former FTX CEO.

In what is one of the biggest Bitcoin busts of all time, police found the stash hidden in the home of 32-year-old James Zhong, who had stored the cryptocurrency on computer devices

NEW YORK — Steve Bannon associate Timothy Shea was convicted by a New York City jury on Friday for defrauding thousands of donors in the “We Build the Wall” fundraising scam.

NEW YORK — One of the country’s most aggressive prosecutor’s offices is launching a new conviction integrity committee that could aid innocent people serving time for crimes they didn’t commit.