Shooting at Michigan splash pad leaves 'nine, maybe 10 victims': authorities
Gunfire erupted at a splash pad in the Detroit suburb of Rochester Hills, leaving as many as 10 people wounded, authorities said.
Sam Bankman-Fried got a test run at testifying at his fraud trial Thursday when a judge sent jurors home so he could hear snippets of testimony and decide what the FTX founder will be allowed to tell the jury.
Bankman-Fried has decided to testify Friday to tell his version of how his multibillion-dollar cryptocurrency empire grew into a giant in the industry and then collapsed, causing billions of dollars in losses that prosecutors blame on his extravagant spending on investments, donations and a lavish lifestyle.
It seemed on Thursday that Bankman-Fried was about to start his testimony before the jury after lunch when Judge Lewis A. Kaplan changed the plans, saying he'd prefer to make rulings on what Bankman-Fried can testify about before he starts. He had previously said he'd conduct a hearing and make those rulings on Friday.
"We're in the home stretch," Kaplan told jurors as he sent them home for the day, saying he knew it was a little surprise for them to have the rest of the afternoon off. He told them they were likely to get the case in the first few days of next week.
Since early October, prosecutors have presented their case through witnesses and dozens of exhibits including financial records.
After prosecutors rested Thursday, defense lawyers immediately asked Kaplan to acquit Bankman-Fried on the grounds that prosecutors had failed to present sufficient evidence. The judge rejected the request.
The California entrepreneur has pleaded not guilty to conspiracy charges accusing him of diverting billions of dollars from his clients and investors to make risky investments, buy luxury housing, engage in a star-studded publicity campaign and make large political and charitable donations.
Bankman-Fried, 31, has remained quiet through a three-week trial as several members of his executive inner circle have testified against him in cooperation deals they made with the government before pleading guilty to criminal charges.
In their testimony, the executives insisted that Bankman-Fried directed them to spend billions of dollars taken from the accounts of FTX customers and funneled through Alameda Research, a hedge fund he started in 2017, two years before he created the FTX cryptocurrency exchange.
Bankman-Fried was arrested in the Bahamas and extradited to the United States last December, a month after his businesses collapsed.
Initially, he was freed on a US$250 million personal recognizance bond and required to remain at the Palo Alto, California, home of his parents, longtime Stanford University law professors.
Kaplan revoked the bail in August after concluding that Bankman-Fried had tried to influence potential trial witnesses and ordered him jailed.
Those testifying against Bankman-Fried have included Caroline Ellison, his former girlfriend who was chief executive of Alameda before it was publicly revealed that billions of dollars were missing last November.
She told jurors that the collapse of the businesses brought her "relief that I didn't have to lie anymore" and she blamed Bankman-Fried for corrupting her moral compass by creating justifications for doing things that she knew to be wrong and illegal.
She also admitted doctoring financial balance sheets to try to hide that Alameda was borrowing about US$10 billion from FTX customers by June 2022, a discrepancy that was revealed when customers rushed to withdraw deposits last November as word got out that their money was not safe.
Gunfire erupted at a splash pad in the Detroit suburb of Rochester Hills, leaving as many as 10 people wounded, authorities said.
The Edmonton Oilers' offence exploded in Game 4 to beat the Florida Panthers 8-1.
Canadians would get more than $1 billion in unclaimed benefits each year through an automatic tax filing system, according to a report published by the Parliamentary Budget Officer (PBO).
Donald Trump blamed immigrants for stealing jobs and government resources as he courted separate groups of Black voters and hardcore conservatives in battleground Michigan on Saturday.
The owner of a northern Ont. camp is continuing to clean up after an intense storm that prompted a tornado warning Thursday ripped through the area breaking his dock and downing trees.
The City of Calgary declared a local state of emergency Saturday morning in response to the latest developments in a major water main break that is impacting the city.
Toronto police are appealing for witnesses and information as they deploy a “significant amount of resources” into the investigation of the fatal shooting of a 16-year-old boy in Scarborough on Saturday afternoon.
Prime Minister Justin Trudeau says he has concerns with how conclusions were gathered in a spy watchdog report.
London put on a display of birthday pageantry Saturday for King Charles III, a military parade that marked the Princess of Wales ' first public appearance since her cancer diagnosis early this year.
Fancy Pokket owner Mike Timani has decided to create a 220-foot long flat bread to celebrate its 35th anniversary.
If certain goals that are in the Paris Climate Accord aren't met, the existence of polar bears in the Hudson Bay may come to an end.
In an attempt to invite one of the most popular recording artists in the world to the land of living skies – the City of Swift Current has offered to rename itself in honour of Taylor Swift.
More than a dozen dogs arrived by Cargojet early Thursday morning to the People for Animal Wellbeing Shelter to find a permanent place to call home in New Brunswick.
Peggy's Cove, N.S., is one of the most famous locations in the Maritimes. Recent visitors were treated to more than just the iconic landmark.
Hundreds of fans lined up to meet the Trailer Park Boys in Dartmouth, N.S., Tuesday, as Ricky, Bubbles and Julian promoted their new brand of potato chips.
Car break-ins plague Canadians across the country, but instead of worrying about theft, a northern Ontario woman is cleaning up a big mess that she says will not be covered by insurance after a black bear broke into her Honda Civic and took a nap.
Members of a Hutterite colony in southern Alberta have potentially built the world's tallest structure made of Popsicle sticks.
A dog who spent the first three-and-a-half years of his life suffering and almost a year at a shelter has found his forever home, according to the BC SPCA.