The fallout from the crypto controversy is widely spread — and it has hit both parties. Story Published at: December 22, 2022 at 12:00AM Continue Reading…
Why No One in Politics Wants to Talk About the Sam Bankman-Fried Scandal
Sam Bankman-Fried Sent Back to Prison After Chaotic Hearing
The disgraced FTX founder, who has been in a Bahamas prison for the past week, was expected to agree to extradition to the United States, before a court hearing descended into confusion. Story Published at: December 19, 2022 at 06:36PM Continue Reading…
The Week in Business: The FTX Founder’s Rapid Fall
Elon Musk suspends several journalists’ Twitter accounts, then reinstates them. The Fed is continuing to raise interest rates. And inflation is affecting the mind-set of holiday shoppers. Story Published at: December 18, 2022 at 12:00PM Continue Reading…
Restaurateur, Political Donor, Tipster: The Many Roles of FTX’s Ryan Salame
The co-chief executive of an FTX unit who told regulators about wrongdoing at the exchange was a big Republican donor. He also bought restaurants. Story Published at: December 17, 2022 at 08:00AM Continue Reading…
A Traditional Exchange? FTX Was Anything But.
FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued. Story Published at: December 16, 2022 at 08:00AM Continue Reading…
A Traditional Exchange? FTX Was Anything But.
FTX called itself an exchange. But it was vastly different from stock exchanges, which are highly regulated and barred from engaging in many of the activities FTX pursued. Story Published at: December 16, 2022 at 08:00AM Continue Reading…
FTX chief: Company Appeared to Use ‘Old-Fashioned Embezzlement’
The man charged with recovering customer funds from the collapsed crypto exchange described an ‘unprecedented’ lack of record keeping. Story Published at: December 13, 2022 at 07:55PM Continue Reading…
Prosecutors Charge That FTX Was Engaged in Fraud From the Beginning
A criminal indictment unsealed on Tuesday and a complaint by the S.E.C. describe years of wrongdoing in Sam Bankman-Fried’s crypto empire. Story Published at: December 13, 2022 at 04:02PM Continue Reading…
Sam Bankman-Fried’s ‘House of Cards’ Teeters
Now under arrest, the fallen crypto mogul faces a barrage of charges, including defrauding investors out of billions. Story Published at: December 13, 2022 at 01:21PM Continue Reading…
S.E.C. Charges Sam Bankman-Fried With Defrauding FTX Investors
The founder of the collapsed crypto exchange was accused of “orchestrating a scheme to defraud equity investors” who put more than $1.8 billion into the company. Story Published at: December 13, 2022 at 11:59AM Continue Reading…