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Thursday, March 28, 2024

From crypto mogul to prison sentence

FTX founder Sam Bankman-Fried's crypto fraud lands him 25 years in prison. It's Thursday's news. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Short List

Thu Mar 28 2024

 

Laura L. Davis Audience Editor

@lauradavis

FTX founder Sam Bankman-Fried's crypto fraud lands him 25 years in prison. The U.S. says it warned Russia "in writing" about a terrorist threat before a concert shooting in Moscow. And could the solar eclipse be dangerous? 👀

👋 Hi! Laura Davis here. It's that time again: Thursday's news! Let's get to it. 

But first: Congratulations are in order! 🥳 Punxsutawney Phil is a dad! See the 2 groundhog pups welcomed by Phil and his wife, Phyllis.

FTX founder sentenced for $8 billion crypto fraud

Sam Bankman-Fried was sentenced to 25 years in prison Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.

From the courtroom: U.S. District Judge Lewis Kaplan handed down the sentence after rejecting Bankman-Fried's claim that FTX customers did not actually lose money and accusing him of lying during his testimony.

How we got here: A jury in November found Bankman-Fried, 32, guilty on seven fraud and conspiracy counts stemming from FTX's 2022 collapse in what prosecutors have called one of the biggest financial frauds in U.S. history. Kaplan said he had found that FTX customers lost $8 billion, FTX's equity investors lost $1.7 billion, and lenders to the Alameda Research hedge fund Bankman-Fried founded lost $1.3 billion. 👉 Everything that happened in court.

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Sam Bankman-Fried testifies before the House Financial Services Committee in 2021. Bankman-Fried was sentenced to 25 years in prison after being convicted on fraud and conspiracy charges.

Alex Wong, Getty Images

Massive cleanup challenge in Baltimore

Authorities forged ahead Thursday with a salvage operation to remove the mangled wreckage from the Patapsco River before recovering the bodies of four construction workers and clearing the waterway so the Port of Baltimore, a crucial East Coast shipping hub, can resume operations.

Victims recovered: On Wednesday, rescuers found the bodies of two men trapped in a red pickup around the bridge's middle span, officials said. According to authorities, the workers were from Mexico, Guatemala, El Salvador and Honduras. Four were still missing.

Massive efforts: The piles of wreckage in the water, as well as the 984-foot-long cargo ship, forced authorities to shut down the port, which handles more cars and farm equipment than any other port in the nation. Addressing the close collaboration between local, state and federal officials, Maryland Gov. Wes Moore called it a "global crisis." 📍 More updates.

$2 million a day: The sweeping costs for workers.
Deadly dangers: Highway workers face peril on the job at any time.
Could tugboats have prevented the bridge disaster?
With hot meals and donations, Baltimore residents pile on the help.

53616105179_8ed9def993_o.jpg

NTSB investigators on the cargo vessel Dali, which struck and collapsed the Francis Scott Key Bridge on March 26, 2024.

Peter Knudson/NTSB

Real quick

'Too young to retire': Why they were forced to quit before they were ready.
Principals' latest headache? AI-generated nude photos.
A star lost her virginity at 35. It's nothing to be ashamed of.
'How dare you?' Kenan Thompson reacts to 'Quiet on Set' doc. 
Man sees faces as 'demonic' because of a rare condition.
Hot or not: Sriracha lovers say the sauce has lost its heat.

Like it? Support the Short List and become a USA TODAY digital subscriber today.

😎 Watch out for danger during the eclipse

The upcoming solar eclipse, as exciting and fun as it promises to be, also comes with a growing number of safety warnings – both for what will happen in the sky and on the ground April 8. 

What we've heard so far: Warnings are spreading about potentially dangerous fake eclipse glasses, the possibility for increased car crashes around the time of the eclipse – even air travel headaches because of delayed or canceled flights.

Look out: Safety is always a concern around solar eclipses, when millions of people will look to the sky as the moon passes in front of the sun. You have to wear special glasses – and you should probably stand still to avoid tripping over something. ☀️ Some other things to watch out for.

Where you can score free eclipse glasses.
Solar eclipse: Your guide to glasses, where to watch.

Syndication Arizona Republic

People watch the Aug. 21, 2017, solar eclipse with their protective glasses at Arizona State's Tempe campus. Proper protective eyewear is essential for safely viewing the upcoming eclipse on April 8.

Nick Oza/The Republic / USA TODAY NETWORK

US: Russia was warned before terrorist attack

The U.S. had warned Russia "in writing" about the terrorist attack at the Moscow concert venue that left at least 143 dead, the White House said Thursday.

The warning: John Kirby, a White House spokesman on national security, condemned Russian President Vladimir Putin for blaming others even after the Islamic State had claimed responsibility for the attack. He said the U.S. provided "clear, detailed information" about a terrorist threat in Russia two weeks before the March 22 massacre at Moscow's Crocus City Hall.

Blame game: Russian officials have "sought to deflect blame onto Ukraine, the United States and everyone else who suits their political narratives," Kirby said. 👉 More about the warning.

Russia Shooting

Smoke rises above the burning Crocus City Hall concert venue following a reported shooting incident, outside Moscow, Russia, March 22, 2024.

Maxim Shemetov, REUTERS

A break from the news

🍎🍏 The internet's latest controversy? Apple juice.
⛷️❤️ Family stunned by surprise guest on their ski trip.
🧢⚾️ Pass the peanuts and Cracker Jack! Baseball swag for MLB opening day. 

Support quality journalism like this? Subscribe to USA TODAY here.

A view during the national anthem before the game between the Washington Nationals and the Cincinnati Reds at Great American Ball Park.

The march to the World Series starts Thursday with Major League Baseball's 2024 season getting underway. Stay tuned for highlights.

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Republican presidential candidate, former U.S. President Donald Trump, gestures while speaking during the 2024 NRB International Christian Media Convention Presidential Forum on February 22, 2024 in Nashville, Tennessee.
 

High-flying Trump stock hits turbulence

Truth Social's parent company soared out of the gate Tuesday but volatile trading shook Trump's namesake social media company Thursday.

Michigan Republican Party co-chair Meshawn Maddock and State Rep. Matt Maddock walk around before a Save America rally at the Michigan Stars Sports Center in Washington Township on April 2, 2022.
 

A lawmaker said he saw buses of 'illegal invaders.' They were NCAA basketball teams.

Matthew Maddock, a Republican lawmaker is feeling the heat after referring to student athletes traveling to Detroit for March Madness.

President Barack Obama and US President Joe Biden participate in a rally in support of Democratic US Senate candidate John Fetterman in Philadelphia, Pennsylvania, on November 5, 2022.
 

Obama, Clinton to show up − and shore up $25M − as Biden looks to unite Dems

The rare showing of three presidents presents a united Democratic front for Joe Biden and will haul in at least $25 million for the Biden campaign.

Louie is the first-ever raccoon rescue to be crowned Cadbury Bunny.
 

2024 Cadbury Bunny is Louie the Raccoon, a 1st for Hershey

The Hershey Company announced Monday that Louie, a raccoon from South Florida, was crowned 2024 Cadbury Bunny. He has earned a starring role in a commercial and a cash prize.

Mar 1, 2024; Indianapolis, IN, USA; Southern California quarterback Caleb Williams (QB14) talks to the media during the 2024 NFL Combine at Lucas Oil Stadium. Mandatory Credit: Trevor Ruszkowski-USA TODAY Sports
 

Who cares that Caleb Williams has painted nails, pink phone?

Likely No. 1 pick in the 2024 NFL Draft, Caleb Williams, riled up some fans after it was revealed that he had painted nails at basketball game.

A police officer rolls out crime scene tape on Wednesday, March 27, 2024, near Cleveland Avenue in Rockford.
 

Suspect in custody after stabbing in Illinois leaves 4 dead, 7 injured

Police confirmed that four people are dead and seven are injured after a violent rampage Wednesday in a northern Illinois neighborhood.

Beyoncé Knowles Carter is releasing her new album, "Act II: Cowboy Carter," on March 29, 2024.
 

Beyoncé's country critique cuts through a culture of industry silence

Beyoncé calls out country for making her feel unwelcome in her new album, which releases March 29. She breaks a long-standing culture of silence.

Connecticut forward Alex Karaban (11) goes up for a rebound against San Diego State during the national championship game of the 2023 NCAA men's tournament at NRG Stadium.
 

March Madness today: Everything to know about men's Sweet 16 games

The first day of the Sweet 16 brings four matchups from the East and West Regions on Thursday. A breakdown of the key points and who might advance.

Kim Kardashian arrives at the Vanity Fair Oscar Party on Sunday, March 10, 2024, at the Wallis Annenberg Center for the Performing Arts in Beverly Hills, Calif.
 

Kim Kardashian sued for promoting alleged 'knockoff' Donald Judd tables

Kim Kardashian has been sued by the foundation of the late Donald Judd, who claims the reality star promoted "knockoff" versions of his work.

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