Sam Bankman-Fried Could Get 100 Years in Prison. What Is Fair?
The founder of the failed FTX cryptocurrency exchange was found guilty of seven counts of fraud and conspiracy.
Posted inBanking and Financial Institutions Checks and Checking Accounts Credit Cards Customer Relations Frauds and Swindling JPMorgan Chase & Company Money Laundering Personal Finances
Why Banks Are Suddenly Closing Down Customer Accounts
Surprised individuals and small-business owners can’t pay rent or make payroll, and no one ever explains what they did wrong.
Posted inBankman-Fried, Sam Decisions and Verdicts Ellison, Caroline (1994- ) Frauds and Swindling HK FTX Trading Ltd (Futures Exchange) Virtual Currency
Bankman-Fried’s Guilty Convictions Complete His Fall From Grace
The verdict in the FTX founder’s fraud trial leaves the crypto industry’s onetime poster child facing a lifetime behind bars.
Posted inBankman-Fried, Sam Belfort, Jordan Ross Financial District (Manhattan, NY) Frauds and Swindling HK FTX Trading Ltd (Futures Exchange) Kaplan, Lewis A Milken, Michael R Virtual Currency
Sam Bankman-Fried Was a Grown Up Criminal, Not an Impulsive Man-Child
Investors bought into the perception of the FTX founder as an unkempt boy genius. The jury didn’t buy it.