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By KEN SWEET and LARRY NEUMEISTER (Associated Press)
NEW YORK (AP) — Former crypto mogul Sam Bankman-Fried faces the potential of decades in prison when he is sentenced Thursday for his role in the 2022 collapse of FTX, once one of the world’s most popular platforms for trading digital currency.
Bankman-Fried, 32, was convicted in November of fraud and conspiracy — a dramatic fall from a year earlier when he and his companies seemed to be riding a crest of success that resulted in a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady and comedian Larry David.
A jury found that Bankman-Fried illegally used money from FTX depositors to cover his expenses, which included purchasing luxury properties in the Caribbean, alleged bribes to Chinese officials and private planes.
Prosecutors recommended a prison sentence of 40 to 50 years.
“The defendant victimized tens of thousands of people and companies, across several continents, over a period of multiple years.
By COLLEEN BARRY (Associated Press)
FLORENCE, Italy (AP) — Michelangelo’s David has been a towering figure in Italian culture since its completion in 1504. But in the current era of the quick buck, curators worry the marble statue’s religious and political significance is being diminished by the thousands of refrigerator magnets and other souvenirs sold around Florence focusing on David’s genitalia.
The Galleria dell’Accademia’s director, Cecilie Hollberg, has positioned herself as David’s defender since her arrival at the museum in 2015, taking swift aim at those profiteering from his image, often in ways she finds “debasing.”
In that way, she is a bit of a David herself against the Goliath of unfettered capitalism with its army of street vendors and souvenir shop operators hawking aprons of the statue’s nude figure, T-shirts of it engaged in obscene gestures, and ubiquitous figurines, often in Pop Art neon.
At Hollberg’s behest, the state’s attorney office in Florence has launched a series of court cases invoking Italy’s landmark cultural heritage code, which protects artistic treasures from disparaging and unauthorized commercial use.
By REESE DUNKLIN, RYAN J. FOLEY, JEFF MARTIN, JENNIFER McDERMOTT, HOLBROOK MOHR and JOHN SEEWER (Associated Press)
Carl Grant, a Vietnam veteran with dementia, wandered out of a hospital room to charge a cellphone he imagined he had. When he wouldn’t sit still, the police officer escorting Grant body-slammed him, ricocheting the patient’s head off the floor.
Taylor Ware, a former Marine and aspiring college student, walked the grassy grounds of an interstate rest stop trying to shake the voices in his head.
By MIKE SCHNEIDER (Associated Press)
ORLANDO, Fla. — For the first time in 27 years, the U. S. government is changing how it categorizes people by race and ethnicity, an effort that federal officials believe will more accurately count residents who identify as Hispanic and of Middle Eastern and North African heritage.
The revisions to the minimum categories on race and ethnicity, announced Thursday by the Office of Management and Budget, are the latest effort to label and define the people of the United States.
By FRANCIS KOKUTSE and JESSSICA DONATI (Associated Press)
ACCRA, Ghana (AP) — Shoppers may get a bitter surprise in their Easter baskets this year. Chocolate eggs and bunnies are more expensive than ever as changing climate patterns eat into global cocoa supplies and the earnings of farmers in West Africa.
About three-quarters of the world’s cocoa — the main ingredient in chocolate — are produced on cacao trees in Ghana, Ivory Coast, Nigeria and Cameroon.
Denver police are investigating after a man was shot and killed in the city’s East Colfax neighborhood Wednesday night.
Officers responded to reports of a shooting that came in at 8:04 a.m. and were on scene — near the intersection of East Colfax Avenue and Spruce Street — at 8:08 p.m., said Siena Riley, a spokesperson for the Denver Police Department.
The police department first posted about the shooting on X at 8:21 p.m., after paramedics transported one man to the hospital.