Tag Archives: FTX

Former billionaire crypto boss, Sam Bankman-Fried, who was convicted of fraud and money laundering, will be sentenced today for his crimes. Bankman-Fried, 32, was convicted last November of fraud and conspiracy by a jury that found that he illegally used money from FTX depositors to cover his expenses, which included …

A federal jury in New York has convicted FTX founder Sam Bankman-Fried of defrauding customers of his now-bankrupt cryptocurrency exchange.      The 31-year-old former billionaire was accused of stealing billions from FTX customers and investors in one of the biggest financial frauds in US history.     Bankman-Fried, who will be …

Sam Bankman-Fried’s crypto fraud trial gained steam on Thursday when the co-founder of his fallen exchange, Gary Wang, took the stand as a government witness in Manhattan federal court. His testimony came as the highly anticipated trial entered its third day. Bankman-Fried faces seven counts on fraud and conspiracy charges …

Cryptocurrency mogul, Sam Bankman-Fried has been accused of making tens of millions of dollars of illegal campaign contributions to elected officials. The new 12-count indictment adds four more charges related to the collapse of the cryptocurrency exchange FTX, which prosecutors say was a “multibillion-dollar fraud.” Bankman-Fried, 30, became one of …

FTX crypto boss, Sam Bankman-Fried will be released on a $ 250 million bond after a deal was struck today in a New York City courtroom.    He was arrested in the Bahamas last week on a range of fraud and money laundering charges for what prosecutors described as one of the biggest financial crimes …

By Casey Harper (The Center Square) The Democrats Senate Majority Political Action Committee announced Tuesday it would be returning about $3 million in donations from Sam Bankman-Fried, the disgraced FTX CEO who faces criminal charges, including campaign finance charges, after his multi-billion dollar digital asset company collapsed. “Following the serious …

Most of the customers of failed crypto exchange FTX were institutions but the effects of its collapse are still likely to reverberate across the sector and may affect small retail investors, MPs have been told. “What we’re hearing … is that the majority of the funds in that platform were …