FTX founder Sam Bankman-Fried is found guilty of all charges including fraud
1 year, 1 month ago

FTX founder Sam Bankman-Fried is found guilty of all charges including fraud

NPR  

FTX founder Sam Bankman-Fried is found guilty of all charges including fraud A jury in New York found the so-called crypt king guilty of securities fraud and six other criminal counts. A jury in New York found Sam Bankman-Fried guilty of seven criminal counts, including securities fraud and money laundering. Prosecutors said a fraudster is a fraudster, and they pushed back hard against Bankman-Fried's defense that he was just trying to figure out how to navigate this new kind of finance, an industry in its infancy. GURA: And, A, Damian Williams said he wants Bankman-Fried's conviction to send a message to other fraudsters, as he put it, a message to people who think they're untouchable.

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History of this topic

FTX's Gary Wang avoids prison after cooperating in crypto fraud case
1 month ago

FTX's Gary Wang avoids prison after cooperating in crypto fraud case

Salon  

Gary Wang, co-founder and chief technology officer of FTX, was sentenced to no time in prison on Wednesday, two years after the cryptocurrency firm collapsed and faced accusations of defrauding customers. Wang testified over several days last year at the trial of FTX founder Sam Bankman-Fried, who was convicted of fraud and conspiracy and sentenced to 25 years in prison. …

Former FTX Lieutenant Nishad Singh Gets Probation in Crypto Fraud Case
Top News
1 month, 3 weeks ago

Former FTX Lieutenant Nishad Singh Gets Probation in Crypto Fraud Case

Live Mint  

Former FTX Lieutenant Nishad Singh avoids prison time in the FTX case. Singh, one of the three top executives who turned on Bankman-Fried, pleaded guilty to a six count indictment, including fraud and campaign finance law violations, in the hope of receiving a lighter punishment. Singh spent a lot of time thinking about what he should have done differently and …

Ex-FTX Exec's Cooperation Wins Him a Mercy Sentence
1 month, 3 weeks ago

Ex-FTX Exec's Cooperation Wins Him a Mercy Sentence

Associated Press  

An ex-FTX executive, Nishad Singh, who testified against Sam Bankman-Fried at his trial, was spared a prison sentence by a federal judge. Singh provided information that helped prosecutors learn about crimes they might otherwise have never discovered, including campaign finance violations and private conversations between Bankman-Fried and his associates.

How Sam Bankman-Fried’s ex-girlfriend helped topple the crypto king
3 months ago

How Sam Bankman-Fried’s ex-girlfriend helped topple the crypto king

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “He said that he was a …

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing
3 months, 1 week ago

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing

Associated Press  

NEW YORK — Caroline Ellison, a former top executive in FTX founder Sam Bankman-Fried ’s collapsed cryptocurrency empire and his former girlfriend, is seeking no prison time at her sentencing later this month. The lawyers cited her immediate and extensive cooperation with U.S. authorities when FTX and related companies collapsed in November 2022, and they noted that the court’s Probation …

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing
3 months, 1 week ago

Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Caroline Ellison, a former top …

Top FTX executive jailed over connections to collapsed crypto empire
6 months, 3 weeks ago

Top FTX executive jailed over connections to collapsed crypto empire

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prison
6 months, 3 weeks ago

Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prison

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A federal judge on Tuesday …

Ryan Salame, part of the ‘inner circle’ at collapsed crypto exchange FTX, sentenced to prison
6 months, 3 weeks ago

Ryan Salame, part of the ‘inner circle’ at collapsed crypto exchange FTX, sentenced to prison

Associated Press  

NEW YORK — A federal judge on Tuesday sentenced former FTX executive Ryan Salame to more than seven years in prison, the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange. While Salame was a high-level executive at FTX, he was not a major …

Former FTX executive Ryan Salame sentenced to 7.5 years in US prison
6 months, 3 weeks ago

Former FTX executive Ryan Salame sentenced to 7.5 years in US prison

Al Jazeera  

Ryan Salame pled guilty to tens of millions of dollars in unlawful campaign donations to boost causes supported by his boss. Ryan Salame, the former co-CEO of FTX’s Bahamian subsidiary and a top lieutenant of the bankrupt cryptocurrency exchange’s founder, Sam Bankman-Fried, has been sentenced to 90 months in prison, United States federal prosecutors have said. Prosecutors say Salame, Bankman-Fried …

FTX’s Sam Bankman-Fried appeals conviction and 25-year sentence for fraud
8 months, 1 week ago

FTX’s Sam Bankman-Fried appeals conviction and 25-year sentence for fraud

Al Jazeera  

Bankman-Fried faces steep odds in bid to overturn conviction stemming from the collapse of his cryptocurrency exchange. FTX founder Sam Bankman-Fried has appealed his conviction and 25-year prison sentence for stealing billions of dollars from customers of his defunct cryptocurrency exchange. “I made a series of bad decisions.” US District Court Judge Lewis Kaplan said that Bankman-Fried had not shown …

Column: The legal system is closing in on crypto, and things may only get worse
8 months, 2 weeks ago

Column: The legal system is closing in on crypto, and things may only get worse

LA Times  

Crypto fraudster Sam Bankman-Fried is screened in a New York courtroom as he prepared to face charges related to the collapse of his FTX crypto exchange. What’s important about Failla’s ruling is that she dismissed out of hand Coinbase’s argument, which is that cryptocurrencies are novel assets that don’t fall within the SEC’s jurisdiction — in short, they’re not “securities.” …

What does Sam Bankman-Fried’s sentencing mean for crypto? | Explained
8 months, 3 weeks ago

What does Sam Bankman-Fried’s sentencing mean for crypto? | Explained

The Hindu  

The story so far: Sam Bankman-Fried, the former CEO of the collapsed cryptocurrency exchange FTX, was sentenced to 25 years in prison on March 28, having been found guilty of multiple counts of fraud in 2023 after the spectacular crash of his crypto exchange and business. “Samuel Bankman-Fried orchestrated one of the largest financial frauds in history, stealing over $8 …

Sam Bankman-Fried sentenced to 25 years in jail over FTX fraud
8 months, 3 weeks ago

Sam Bankman-Fried sentenced to 25 years in jail over FTX fraud

ABC  

In short: Former FTX boss Sam Bankman-Fried has been sentenced to 25 years in jail. Former FTX boss Sam Bankman-Fried has been sentenced to 25 years in jail. Sam Bankman-Fried has been sentenced to 25 years in jail for stealing $US8 billion from customers of the now-bankrupt FTX exchange he founded. A jury found 32-year-old Bankman-Fried guilty in November on …

A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX
8 months, 3 weeks ago

A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX

Associated Press  

Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry’s collapse. 2022 Nov. 2: Coindesk reports Alameda Reseach, Bankman-Fried’s cryptocurrency trading firm, holds a large amount of FTT, a token issued by FTX, suggesting the finances of the two are intertwined and Alameda faces a cash crunch. Nov. 17: Ray gives a damning description of FTX’s operations …

The Bankman-Fried verdict, explained
8 months, 3 weeks ago

The Bankman-Fried verdict, explained

Associated Press  

NEW YORK — Sam Bankman-Fried co-founded the FTX crypto exchange in 2019 and quickly built it into the world’s second most popular place to trade digital currency. FTX had two lines of business: a brokerage where customers could deposit, buy, and sell cryptocurrency assets on the FTX platform, and an affiliated hedge fund known as Alameda Research, which took speculative …

Sam Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
8 months, 3 weeks ago

Sam Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud

The Hindu  

Sam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 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. U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers …

FTX founder Sam Bankman-Fried sentenced to 25 years for multi-billion dollar crypto fraud
8 months, 3 weeks ago

FTX founder Sam Bankman-Fried sentenced to 25 years for multi-billion dollar crypto fraud

Hindustan Times  

Sam Bankman-Fried was sentenced to 25 years in prison by a judge on 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. U.S. District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried's claim that FTX customers did …

Sam Bankman-Fried 25-year sentence: Why the judge sentenced the founder of FTX so harshly.
8 months, 3 weeks ago

Sam Bankman-Fried 25-year sentence: Why the judge sentenced the founder of FTX so harshly.

Slate  

A federal judge sentenced Sam Bankman-Fried to 25 years in prison on Thursday. Before imposing the sentence, Judge Lewis Kaplan dismissed the most potent arguments by Bankman-Fried’s defense team and made clear his anger at Bankman-Fried’s behavior leading up to and during his trial. There was another plausible reason for lowering the sentence, though: A recent rebound in crypto prices …

Ex-'Crypto King' Sam Bankman-Fried gets 25 years in jail for massive fraud
8 months, 3 weeks ago

Ex-'Crypto King' Sam Bankman-Fried gets 25 years in jail for massive fraud

Raw Story  

Disgraced former cryptocurrency mogul Sam Bankman-Fried is going to be spending the next quarter of a century behind bars. Matthew Russell Lee of Inner City Press reports that Judge Lewis Kaplan on Thursday hit Bankman-Fried with a 300-month prison sentence for allegedly defrauding investors in his FTX cryptocurrency exchange, which collapsed in 2022. In his initial indictment, Bankman-Fried was slapped …

FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison
54 years, 11 months ago

FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison

Wired  

A US federal judge in the Southern District of New York has sentenced Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, to 25 years in prison. In a court filing, the US government described the affair as “one of the largest financial frauds in history.” Bankman-Fried had demonstrated “unmatched greed and hubris” and a “brazen disrespect for the rule of …

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
8 months, 3 weeks ago

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Associated Press  

NEW YORK — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. Assistant U.S. Attorney Nicolas Roos had recommended a prison sentence of 40 to 50 years, saying …

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
8 months, 3 weeks ago

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

LA Times  

Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. And it’s not a trivial risk at all.” He added that it was “for the purpose of disabling him to the extent that can appropriately …

Ex-crypto mogul Sam Bankman-Fried due to be sentenced for defrauding FTX
8 months, 3 weeks ago

Ex-crypto mogul Sam Bankman-Fried due to be sentenced for defrauding FTX

Al Jazeera  

The 32-year-old illegally used money from depositors of one of the world’s most popular platforms for trading digital currency to cover his expenses. Former crypto mogul Sam Bankman-Fried is due to be sentenced for his role in the 2022 collapse of FTX, once one of the world’s most popular platforms for trading digital currency. “Mr Bankman-Fried continues to live a …

Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors
8 months, 3 weeks ago

Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors

New Indian Express  

Two weeks ago, Bankman-Fried attorney Marc Mukasey attacked a probation office recommendation of 100 years in prison, saying a sentence of that length would be “grotesque” and “barbaric.” He urged the judge to sentence Bankman-Fried to a term of five to 6 1/2 years in prison. "Sam is not the ‘evil genius’ depicted in the media or the greedy villain …

Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors
8 months, 3 weeks ago

Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors

New Indian Express  

NEW YORK: 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 …

Former crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
8 months, 3 weeks ago

Former crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Al Jazeera  

Bankman-Fried, 32, sentenced for fraud on customers of the FTX cryptocurrency exchange he founded. Former crypto tycoon Sam Bankman-Fried has been sentenced to 25 years in United States federal prison for stealing $8bn from customers of the now-bankrupt FTX cryptocurrency exchange he founded. A jury found Bankman-Fried, 32, guilty on November 2 on seven fraud and conspiracy counts stemming from …

“Lack of any remorse”: Judge tears into Sam Bankman-Fried as he sentences him to 25 years
8 months, 3 weeks ago

“Lack of any remorse”: Judge tears into Sam Bankman-Fried as he sentences him to 25 years

Salon  

FTX founder Sam Bankman-Fried was sentenced to 25 years on Thursday after he was convicted of defrauding the company’s customers. U.S. District Judge Lewis Kaplan ordered the crypto billionaire to more than two decades in prison after Bankman-Fried’s lawyers recommended a sentence of five to seven years, according to Axios. "He knew it was wrong," Kaplan said, rejecting SBF’s claims …

Sam Bankman-Fried sentenced to 25 years in prison for his FTX crimes
8 months, 3 weeks ago

Sam Bankman-Fried sentenced to 25 years in prison for his FTX crimes

NPR  

Sam Bankman-Fried sentenced to 25 years in prison for his FTX crimes Enlarge this image toggle caption Michael M. Santiago/Getty Images Michael M. Santiago/Getty Images 25 years. Bankman-Fried's lawyers, however, had pushed back aggressively against the prosecutors sentence recommendation, saying it incorrectly paints the former FTX head as a "depraved super villain." Enlarge this image toggle caption Leon Neal/Getty Images …

Column: Sam Bankman-Fried will be sentenced Thursday for his crypto fraud. Throw the book at him
8 months, 4 weeks ago

Column: Sam Bankman-Fried will be sentenced Thursday for his crypto fraud. Throw the book at him

LA Times  

Sam Bankman-Fried after a court appearance in his federal fraud case last year. are expected to get back all of their money.” FTX, according to Bankman-Fried’s attorneys, “was solvent at the time of the bankruptcy petition. The harm to customers, lenders, and investors is zero.” The government and Ray, the experienced corporate rescuer who became the chief executive of FTX …

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer
9 months ago

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer

Associated Press  

NEW YORK — The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player on Wednesday in a letter to a federal judge scheduled to sentence him next week, saying his claim that customers, lenders and investors were not harmed was callously false and he was living a “life of delusion.” FTX Trading Limited CEO …

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer
9 months ago

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The chief executive of the …

Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud
9 months, 1 week ago

Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud

Associated Press  

NEW YORK — FTX founder Sam Bankman-Fried’s orchestration of one of history’s largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge. They said crimes reflecting a “brazen disrespect for the rule of law” had depleted the retirement funds and nest eggs …

Sam Bankman-Fried makes court appearance to switch lawyers before March sentencing
10 months ago

Sam Bankman-Fried makes court appearance to switch lawyers before March sentencing

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Sam Bankman-Fried will not face a second fraud trial, DoJ announces
11 months, 3 weeks ago

Sam Bankman-Fried will not face a second fraud trial, DoJ announces

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sam Bankman-Fried won’t face …

US prosecutors opt out of second trial for crypto tycoon Sam Bankman-Fried
11 months, 3 weeks ago

US prosecutors opt out of second trial for crypto tycoon Sam Bankman-Fried

Al Jazeera  

United States prosecutors have chosen not to pursue a second trial for FTX cryptocurrency exchange founder Sam Bankman-Fried, who has already been found guilty of fraud and money laundering, and proceed instead to sentencing. Prosecutors said in a letter filed in a New York court on Friday that pursuing a second trial for the disgraced tycoon would only serve to …

Failed crypto exchange FTX’s debtors and liquidators reach a global settlement
1 year ago

Failed crypto exchange FTX’s debtors and liquidators reach a global settlement

The Hindu  

The debtors and liquidators of the failed crypto exchange FTX have reached a global settlement, that is due to be approved by a U.S. bankruptcy court and the Supreme Court of the Bahamas Court. According to the agreement, the FTX debtors and FTX Digital Markets are to “pool assets and coordinate the establishment of reserves and the timing and amount …

PROFILE | Sam Bankman-Fried: Fraud conviction in FTX crash caps stunning fall for ‘Crypto King’
1 year, 1 month ago

PROFILE | Sam Bankman-Fried: Fraud conviction in FTX crash caps stunning fall for ‘Crypto King’

The Hindu  

Prosecutors accused the founder of the Bahamas-based FTX crypto exchange of creating a “pyramid of deceit” built on lies and false promises. ‘Pyramid of deceit’ Prosecutors said Bankman-Fried directed the transfer of FTX customer money into Alameda Research, an affiliated hedge fund, for risky investments, political donations, and expensive real estate before both companies collapsed into bankruptcy in 2022. Ari …

FTX fraudster Sam Bankman-Fried convicted of all charges in $8bn case
1 year, 1 month ago

FTX fraudster Sam Bankman-Fried convicted of all charges in $8bn case

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy FTX founder Sam Bankman-Fried …

FTX’s Sam Bankman-Fried found guilty. A timeline of the events
1 year, 1 month ago

FTX’s Sam Bankman-Fried found guilty. A timeline of the events

Live Mint  

Sam Bankman-Fried, co-founder and former CEO of cryptocurrency exchange FTX, is convicted on seven charges of fraud and money laundering by a New York jury, as per an AP report. Speaking to reporters after the hearing, US Attorney Damian Williams said the FTX fraud perpetrated by Bankman-Fried is "one of the biggest financial frauds in American history". " A timeline …

Sam Bankman-Fried: All you need to know about FTX founder
1 year, 1 month ago

Sam Bankman-Fried: All you need to know about FTX founder

Live Mint  

Sam Bankman-Fried has been found guilty on all seven counts related to fraud and money laundering. Hence, the son of two Stanford Law School professors resigned from his Wall Street position and launched a cryptocurrency hedge fund in 2017, which sparked a series of events that led to his criminal conviction on Thursday for participating in what federal prosecutors have …

Ex-crypto mogul Sam Bankman-Fried convicted of defrauding FTX customers
1 year, 1 month ago

Ex-crypto mogul Sam Bankman-Fried convicted of defrauding FTX customers

The Hindu  

November 03, 2023 07:40 am | Updated 08:55 am IST - NEW YORK FTX founder Sam Bankman-Fried was found guilty on Thursday of defrauding customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace. Once the darling of the crypto world, Bankman-Fried — who …

Sam Bankman-Fried Has Been Found Guilty of Fraud
54 years, 11 months ago

Sam Bankman-Fried Has Been Found Guilty of Fraud

Wired  

Sam Bankman-Fried has been found guilty of fraud and conspiracy by a jury in a court in New York. Bankman-Fried stood to hear the jury's verdict and, once found guilty on all charges, sat back down without much sign of emotion. The US government had accused Bankman-Fried of overseeing a multibillion-dollar fraud, whereby money belonging to FTX customers was swept …

Ex-crypto mogul Sam Bankman-Fried convicted for FTX collapse, faces 110 years in prison
1 year, 1 month ago

Ex-crypto mogul Sam Bankman-Fried convicted for FTX collapse, faces 110 years in prison

Hindustan Times  

FTX founder Sam Bankman-Fried was found guilty on Thursday of defrauding customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire's fall from grace. Once the darling of the crypto world, Bankman-Fried - who was known for his mop of unkempt curly hair and for wearing shorts …

Column: Sam Bankman-Fried’s seven guilty verdicts expose crypto as a swindle through and through
1 year, 1 month ago

Column: Sam Bankman-Fried’s seven guilty verdicts expose crypto as a swindle through and through

LA Times  

Crypto scamster Sam Bankman-Fried at the Manhattan courthouse where he was convicted Thursday on seven criminal counts. “The cryptocurrency industry might be new; the players like Sam Bankman-Fried might be new, but this kind of fraud, this kind of corruption, is as old as time,” he said. In an interview broadcast on “60 Minutes” on Oct. 1, just before Bankman-Fried’s …

What to know about the Sam Bankman-Fried trial verdict
1 year, 1 month ago

What to know about the Sam Bankman-Fried trial verdict

Al Jazeera  

The FTX founder has been found guilty on seven charges, and he may face decades in prison. Sam Bankman-Fried’s fraud trial has ended with a guilty verdict for the crypto tycoon and the possibility that he spends decades behind bars. On Thursday, a New York federal court jury found Bankman-Fried guilty on all seven charges for fraud and conspiracy that …

Crypto tycoon Sam Bankman-Fried found guilty on all charges in fraud trial
1 year, 1 month ago

Crypto tycoon Sam Bankman-Fried found guilty on all charges in fraud trial

Al Jazeera  

Bankman-Fried faces up to 110 years behind bars following guilty verdict. Former crypto tycoon Sam Bankman-Fried has been found guilty on all charges after orchestrating what authorities have described as one of the biggest financial frauds in US history. Prosecutors accused Bankman-Fried, once the poster boy for virtual currencies, of stealing about $10bn, using customers’ funds to make risky investments, …

FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers
1 year, 1 month ago

FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers

Associated Press  

NEW YORK — FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl After the monthlong trial, jurors rejected Bankman-Fried’s claim during testimony in Manhattan federal court that he never committed fraud or meant to cheat customers before FTX, once the world’s second-largest crypto exchange, collapsed …

Sam Bankman-Fried created a 'pyramid of deceit' prosecutor tells jury
1 year, 1 month ago

Sam Bankman-Fried created a 'pyramid of deceit' prosecutor tells jury

Daily Mail  

Sam Bankman-Fried created a 'pyramid of deceit' with his crypto empire which collapsed, prosecutors claimed in the closing statements of his $8billon fraud trial. Roos said he was able to perfectly recall what the inside of the Alameda Research offices looked like and the thought process behind renaming NBA team Miami Heat's arena to incorporate the FTX name. He didn't …

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