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Sam Bankman-Fried - Disgraced crypto mogul
Time
|December 04, 2023
IT TOOK ONE YEAR FOR SAM BANKMAN-Fried to transform from beloved billionaire entrepreneur to convicted felon.
On Nov. 2, a New York jury found Bankman-Fried guilty on all seven counts he was charged with by the Department of Justice, including defrauding customers and investors of his cryptocurrency exchange FTX. Bankman-Fried, the jurors decided, was part of a conspiracy to extract more than $8 billion from FTX customers, funnel it to his trading firm Alameda Research, and then spend it on a penthouse in the Bahamas, investments in AI companies, and political donations.
Diese Geschichte stammt aus der December 04, 2023-Ausgabe von Time.
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