What we’re reading (12/13)
“Sam Bankman-Fried’s ‘House Of Cards’ Teeters” (DealBook). “The spectacular rise and fall of Sam Bankman-Fried, the founder of the failed crypto exchange FTX, came full circle on Monday, with his arrest in the Bahamas at the request of U.S. authorities, followed by the S.E.C. filing its own charges on Tuesday.”
“FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy” (Wall Street Journal). “FTX founder Sam Bankman-Fried oversaw one of the biggest financial frauds in American history, a top federal prosecutor said in charging that the former chief executive stole billions of dollars from the crypto exchange’s customers while misleading investors and lenders.”
“FTX ‘One Of The Biggest Financial Frauds’ In History, SDNY Says” (Axios). “Federal prosecutors on Tuesday called the stunning collapse of FTX ‘one of the biggest financial frauds in American history,’ charging that founder and former CEO Sam Bankman-Fried (SBF) defrauded investors while enriching himself.”
“FTX Founder Sam Bankman-Fried Made Political Contributions Under Other People’s Names, US Authorities Allege” (Insider). “US authorities allege that former FTX CEO and co-founder Sam Bankman-Fried violated multiple campaign finance laws, including by sending donations to politicians ‘in the names of other persons.’”
“‘Depressed’ Sam Bankman-Fried Hugs His Parents As He Is DENIED Bail And Sent To Overcrowded Hellhole Bahamas Jail As Prosecutors Say He Hid $300m In Brazilian Firm Before Collapse Of FTX Exchange” (The Daily Mail). “Disgraced FTX founder Sam Bankman-Fried has been denied bail as he fights extradition to the United States in the Bahamas after being charged with one of the ‘biggest financial frauds in American history’.”
