Gary Wang (executive) News & Breaking Stories

Sam Bankman-Fried, founder of cryptocurrency exchange FTX, has been convicted of one of the biggest financial frauds in US history. Bankman-Fried, who amassed a net worth of $26 billion before turning 30, used his wealth to gain political influence and hired celebrities to promote FTX as safe. However, prosecutors claim that his responsible image was a cover for embezzling customer funds. Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy.

Former billionaire and FTX cryptocurrency exchange founder, Sam Bankman-Fried, may be jailed pending his October fraud trial for witness tampering. Prosecutors argue that Bankman-Fried shared personal Google documents with the press to intimidate witnesses. Bankman-Fried has pleaded not guilty to stealing billions of dollars in customer funds.