Failed crypto exchange FTX is asking politicians and charities to return the millions of dollars in donations they received from former CEO Sam Bankman-Fried in order to help pay off its mounting debts. In a press release on Dec. 19, the company said that it has already been approached by a number of recipients of contributions or other…
FTX Asks Politicians to Voluntarily Return Billions in Sam Bankman-Fried Donations Amid Mounting Debts
December 22, 2022
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Sam Bankman-Fried in Custody in US, to Appear Before Judge ‘As Soon as Possible’
FTX founder Sam Bankman-Fried has been extradited from the Bahamas and is now in federal custody in the United States, according to a U.S. prosecutor and media reports, with the accused fraudster expected to appear in front of a judge in relatively short order. Manhattan U.S. Attorney Damian Williams said in a video posted on…
Sam Bankman-Fried Associates Plead Guilty to Charges in FTX Collapse
December 22, 2022
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Two associates of failed FTX boss Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange. Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, who co-founded FTX along with Bankman-Fried, pleaded guilty to charges in connection with “their roles in the fraud that contributed to FTX’s collapse,”…
FTX Founder Sam Bankman-Fried Officially Agrees to Be Extradited to US
FTX founder Sam Bankman-Fried on Wednesday agreed to be extradited to the United States on fraud charges, according to an affidavit his lawyer read aloud during a court hearing in the Bahamas, where he has been since being charged by federal prosecutors. During the court hearing Wednesday, Bankman-Fried stepped up to the witness box in…
LIVE NOW: FTX Founder Bankman-Fried Leaves Bahamas Court
Former FTX CEO Sam Bankman-Fried leaves a Bahamas court after signing papers paving the way for his extradition to the United States to face fraud charges over the collapse of his crypto exchange. …
FTX Founder Sam Bankman-Fried Agrees to Extradition to US: Attorney
Sam Bankman-Fried has agreed to be extradited to the United States, where he faces criminal charges linked to the collapse of his cryptocurrency firm FTX, according to his lawyer. Attorney Jerone Roberts, who represented Bankman-Fried in a Bahamas Court on Monday, told reporters the extradition paperwork is being prepared by lawyers, The New York Times…
Insurance Companies Shun Clients With Links to FTX Due to High Contagion Risks
December 19, 2022
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Insurance companies are now denying or limiting coverage to any clients who were exposed to FTX, after the cryptocurrency exchange collapsed last month, leaving creditors with more than $3 billion in losses. This has left many digital currency traders and exchanges uninsured from any losses due to hacks, theft, or lawsuits, as insurers propose new policy…
The Fruits of Liberal Parenting
Commentary For some time, I have been wanting to write about the fruits of liberal/left-wing parenting, originally because of the job Joe Biden did with Hunter. When your son has serious drug and fidelity problems, rewarding him with a trip to China on Air Force Two and the opportunity to make lucrative deals with communist…
FTX Dust Settles, Soiling Everyone
December 19, 2022
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Alternative InvestmentsBrightBusiness & MarketscryptocurrencyFTXinvestingInvestmentMarketspersonal financeSam Bankman-FriedUS
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After weeks of speculation as to whether former billionaire, now hapless participant, Sam Bankman-Fried would be arrested for fraud surrounding FTX, the cryptocurrency exchange he ran into the ground, the mystery is over. The crypto exchange founder surrendered to Bahamian custody last week and is now awaiting extradition to the United States. Following a grand…
The SBF Scandal: The Players and the Money
News Analysis The complexities of the FTX scandal with Sam Bankman-Fried at the helm boggles the mind. Unlike the Madoff scandal, which was incredibly simple, the funding, influence, and political networks sounding the $32 billion collapse of FTX is byzantine by design. Just have a look at the org chart of the company to get…
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