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Ken Sweet

A LED sphere screen shows information inside the new location of the prediction market online platform Polymarket called 'The Situation Room,' during its opening day in Washington, DC, March 20, 2026. (Théo Marie-Courtois/AFP)
April 18, 2026, 12:51 am
‘Dystopian’ Iran war bets spark US crackdown on prediction markets
American lawmakers sound alarm over wagers on US-Israel war against Iran and rescue mission for stranded airman, raising concerns over insider trading and public trust
By STEVEN SLOAN and Ken Sweet
File: Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court, New York City, on August 11, 2023. (Michael M. Santiago/Getty Images/AFP)
March 29, 2024, 6:18 am
Fallen FTX mogul Bankman-Fried handed 25 years in jail for massive crypto fraud
Judge says former CEO of cryptocurrency exchange failed to express remorse, dodged questions, but sentence falls short of recommendations from prosecutors and probation officers
By Ken Sweet and Larry Neumeister
FTX founder Sam Bankman-Fried leaves Federal court, in New York, on July 26, 2023. (Mary Altaffer/AP)
March 28, 2024, 2:16 pm
Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors
Prosecutors have recommended digital currency mogul be jailed for at least 50 years; defense attorney says he is unlikely to re-offend, seeks around six years behind bars
By Larry Neumeister and Ken Sweet
File: Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court, New York City, on August 11, 2023. (Michael M. Santiago/Getty Images/AFP)
October 26, 2023, 6:40 pm
FTX founder Bankman-Fried set to testify on dramatic fall of crypto empire
Prosecutors rest in trial of crypto CEO, paving way for lawyers to present defense of Californian entrepreneur, who has pleaded not guilty to conspiracy charges
By Larry Neumeister and Ken Sweet
In this courtroom sketch, FTX founder Sam Bankman-Fried, foreground, sits at the defense table while Judge Lewis Kaplan and attorneys discuss final jury selection in his trial, Oct. 4, 2023, in New York. (AP Photo/Elizabeth Williams)
October 5, 2023, 7:43 pm
Sam Bankman-Fried trial kicks off with showcase of star-studded FTX Super Bowl ads
Former roommate and co-worker Adam Yedidia testifies under immunity order as evidentiary portion of fraud trial against ex-crypto wunderkind begins in New York
By Ken Sweet and Larry Neumeister
FILE — FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, February 16, 2023. (AP Photo/John Minchillo, File)
October 3, 2023, 4:16 am
Sam Bankman-Fried must convince jury that the former crypto king was not a crook
Head of failed cryptocurrency exchange FTX starts trial Tuesday, with prosecutors alleging he defrauded customers of billions
By Ken Sweet
Jeffrey Epstein, on March 28, 2017. (New York State Sex Offender Registry via AP, File)
September 26, 2023, 9:25 pm
JPMorgan to pay $75 million over claims it enabled Jeffrey Epstein’s sex crimes
Bank to pay US Virgin Islands to settle lawsuit alleging it abetted ‘operation and concealment’ of pedophile’s trafficking activity
By Ken Sweet
File: A pedestrian walks past a First Republic Bank in San Francisco on April 26, 2023. (AP Photo/Jeff Chiu)
May 1, 2023, 1:13 pm
US seizes assets of First Republic Bank, third to collapse in 2 months
JPMorgan Chase acquires bank’s assets, set to reopen branches under its name, after bank failed to recover from $100 billion loss in year’s first quarter
By Ken Sweet
US President Joe Biden speaks about the banking system in the Roosevelt Room of the White House in Washington, March 13, 2023. (AP Photo/Andrew Harnik)
March 13, 2023, 4:50 pm
Biden insists US banking system safe after collapse of 2 banks
As markets reopen, president says country’s financial systems are sound, taxpayers won’t bear the brunt after stunning breakdown of Silicon Valley Bank and Signature Bank
By Ken Sweet, CHRISTOPHER RUGABER, CHRIS MEGERIAN and Cathy Bussewitz
People look at signs posted outside of an entrance to Silicon Valley Bank in Santa Clara, California, March 10, 2023. (Jeff Chiu/AP)
March 13, 2023, 3:30 am
US promises Silicon Valley Bank customers can recoup funds after stunning collapse
New York’s Signature Bank follows California institution in being seized as Fed scrambles to contain fallout from liquidity crunch, head off more bank runs
By Ken Sweet, CHRISTOPHER RUGABER, CHRIS MEGERIAN and Cathy Bussewitz
FTX founder Sam Bankman-Fried, is escorted from the Magistrate Court in Nassau, Bahamas, December 21, 2022, after agreeing to be extradited to the US. (AP Photo/Rebecca Blackwell)
December 22, 2022, 3:46 am
Associates of FTX founder Bankman-Fried cop to charges as he’s extradited to US
Disgraced crypto mogul expected to appear Thursday before a judge in NY, where he’s been indicted on federal charges over the cryptocurrency exchange’s collapse
By Ken Sweet and Rebecca Blackwell
FTX founder Sam Bankman-Fried, center, is escorted from a Corrections Department van as he arrives at the Magistrate Court building for a hearing, in Nassau, Bahamas Dec. 21, 2022.(AP/Rebecca Blackwell)
December 21, 2022, 8:31 pm
FTX founder Sam Bankman-Fried could be sent to US after extradition hearing
Pending Bahamian court approval, cryptocurrency exchange chief could be back stateside within hours, potentially spend the rest of his life in jail
By Ken Sweet
Screen capture from video of Larry David featuring in a commercial for cryptocurrency exchange FTX, in 2021. (YouTube. Used in accordance with Clause 27a of the Copyright Law)
November 16, 2022, 11:48 pm
Larry David, Tom Brady, other celebrities named in class-action lawsuit against FTX
Hollywood and sports stars accused of being culpable for using their celebrity in promoting firm’s multi-billion dollar failed business model
By Ken Sweet
The FTX logo appears on a jacket at a baseball game with the Minnesota Twins on Tuesday, Sept. 27, 2022, in Minneapolis. (AP/Bruce Kluckhohn)
November 12, 2022, 5:05 am
Crypto exchange giant FTX collapses, files for bankruptcy
Embattled company, short billions of dollars, seeks protection after a tumultuous week; founder and CEO resigns
By Ken Sweet
A woman walks by an exchange office screen showing the currency exchange rates of US Dollar and Euro to Russian Rublesin Moscow, on February 22, 2022. (AP Photo/Alexander Zemlianichenko Jr)
February 25, 2022, 10:50 am
US and Europe hold off imposing key financial sanction against Moscow
Some officials and experts say kicking Russia from SWIFT banking system could make international trade more difficult and encourage alternatives with less oversight
By FATIMA HUSSEIN, Josh Boak and Ken Sweet
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