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Sam Bankman-Fried: Unraveling the Story of the Convicted Fraudulent Ex-Crypto Mogul
  • 3rd Nov 2023

Sam Bankman-Fried: Unraveling the Story of the Convicted Fraudulent Ex-Crypto Mogul

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.

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