Published
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, has been charged with defrauding investors of billions of dollars by the US Securities and Exchange Commission (SEC).
The SEC said Mr Bankman-Fried, who was arrested in the Bahamas on Monday, had “built a house of cards on a foundation of deception”.
It is alleged Mr Bankman-Fried used FTX customers’ funds for his privately-held crypto hedge fund, Alameda Research LLC.
A court filing shows FTX owed its 50 largest creditors almost $3.1bn.
Please subscribe HERE http://bit.ly/1rbfUog
#BBCNews
The SEC said Mr Bankman-Fried, who was arrested in the Bahamas on Monday, had “built a house of cards on a foundation of deception”.
It is alleged Mr Bankman-Fried used FTX customers’ funds for his privately-held crypto hedge fund, Alameda Research LLC.
A court filing shows FTX owed its 50 largest creditors almost $3.1bn.
Please subscribe HERE http://bit.ly/1rbfUog
#BBCNews
Sign in or sign up to post comments.
Be the first to comment
Up Next
Autoplay
-
09:20
US charges crypto tycoon Bankman-Fried with massive fraud | DW News
-
05:04
Elon Musk accused of defrauding Tesla investors over privatization tweet
-
15:33
GIANT Private Equity Firm Suspected Of Defrauding Investors
-
02:19
Sam Bankman-Fried guilty of defrauding crypto customers out of billions of dollars
-
02:46
FTX trial begins: Bankman-Fried charged with fraud, money laundering
-
04:22
'Crypto King' Sam Bankman-Fried faces lengthy jail term | BBC News
-
03:39
FTX founder Sam Bankman-Fried charged with fraud l GMA
-
12:22
Crypto-King Sam Bankman-Fried sentenced to 25 years in prison | DW News
-
05:33
Disgraced FTX boss Sam Bankman-Fried says he hopes to ‘pay people back’ - BBC News
-
03:16
Theranos founder Elizabeth Holmes was found guilty on four counts of defrauding investors | ABC News
-
04:00
Sam Bankman-Fried sentenced to 25 years in prison for defrauding FTX
-
1:59:12
LIVE: Latest news on Trump fraud trial, FTX boss Sam Bankman-Fried, Ukraine, Russia and more
-
02:42
FTX founder Sam Bankman-Fried convicted of defrauding crypto customers
-
06:56
Sam Bankman-Fried Paid Little Heed to Risk, Say Alameda Ex-Staff | Tech News Briefing Podcast | WSJ
-
04:36
'Crypto King' Sam Bankman-Fried jailed for 25 years I BBC News
-
04:25
FTX boss Sam Bankman-Fried signs extradition papers - BBC News
-
03:39
'Crypto King' Sam Bankman-Fried guilty of FTX fraud - BBC News
-
05:03
News Wrap: Sam Bankman-Fried pleads not guilty to fraud charges related to FTX collapse
-
03:16
SEC charges Sam Bankman-Fried with defrauding investors
-
02:02
FTX crypto exchange founder Sam Bankman-Fried charged after Bahamas arrest
-
00:58
FTX founder Sam Bankman-Fried trial explained #news #ftx #legal
-
22:56
Author Michael Lewis on writing, grief, and Sam Bankman-Fried | BBC News
Loading...