Date: 2025-04-26 Page is: DBtxt003.php txt00025575
CRYPTO
THE SAGA OF FTX AND SAM BANKMAN FRIED
Patrick Boyle: The Case Against Sam Bankman-Fried ... December 2022
THE SAGA OF FTX AND SAM BANKMAN FRIED
Patrick Boyle: The Case Against Sam Bankman-Fried ... December 2022
Original article: https://www.youtube.com/watch?v=WFpYTCD7asc
Peter Burgess COMMENTARY
Peter Burgess
Patrick Boyle
Premiered Dec 14, 2022 (Accessed October 2023)
582K subscribers ... 559,063 views ... 21K likes
Sam Bankman-Fried has been arrested, accused of engineering 'one of the biggest financial frauds in American history.'
In a Department of Justice indictment unsealed on Tuesday, Bankman-Fried has been charged with eight counts including conspiracy to commit wire fraud on customers and lenders, money laundering and violations of campaign finance laws. Bankman-Fried, who was arrested in the Bahamas on Monday, faces years in prison if convicted.
The charges point to a long-running scheme to misappropriate the deposits of exchange customers to pay debts and expenses of Bankman-Fried’s private trading firm Alameda Research and to make investments. The conspiracy ran from 2019 — the year he founded FTX — until its collapse last month, according to the complaint.
The SEC and The CFTC have also charged Sam Bankman-Fried
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