Sam Bankman-Fried convicted of $10 billion
fraud, capping crypto king’s epic fall
Posted By: Dreadnought, 11/2/2023 8:08:54 PM
Now you can call him “Sam Bankman-Fraud.” A Manhattan federal jury has convicted Sam Bankman-Fried of stealing $10 billion from users of his crypto exchange and lying to lenders and investors — capping a fall from grace for an ex-billionaire who was once viewed as one of the crypto world’s brightest stars. The 31-year-old disgraced tech mogul was found guilty of all seven fraud and conspiracy charges stemming from a scheme to swipe money from users of his FTX exchange to pay off debts at his failing hedge fund Alameda Research and purchase lavish real estate. Bankman-Fried, wearing a gray suit and purple tie, stood calmly
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Now you can call him “Sam Bankman-Fraud.”
A Manhattan federal jury has convicted Sam Bankman-Fried of stealing $10 billion from users of his crypto exchange and lying to lenders and investors — capping a fall from grace for an ex-billionaire who was once viewed as one of the crypto world’s brightest stars. The 31-year-old disgraced tech mogul was found guilty of all seven fraud and conspiracy charges stemming from a scheme to swipe money from users of his FTX exchange to pay off debts at his failing hedge fund Alameda Research and purchase lavish real estate.
Bankman-Fried, wearing a gray suit and purple tie, stood calmly
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Leader Vows to Take Revenge on U.S. for
Supporting Israel 18 replies
Leader Vows to Take Revenge on U.S. for
Supporting Israel 18 replies
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In a sentimental Instagram post Thursday, which included old footage of the very first Amazon office located in Bezos' former garage in the Seattle suburb of Bellevue, the billionaire said he's moving to Miami. His reasons for relocating include a desire to be closer to his parents; his partner, Lauren Sanchez; and Cape Canaveral, where operations for his space exploration company Blue Origin "are increasingly shifting," according to the post.
"As exciting as the move is, it's an emotional decision for me," Bezos said in the post. "Seattle, you will always have a piece of my heart."