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Sam Bankman-Fried: FTX founder and ‘crypto king’ has bail revoked for alleged witness tampering | US News
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Disgraced FTX founder Sam Bankman-Fried has had his $250m (£197m) bail revoked and has been sent to jail after alleged witness tampering. US District Judge Lewis Kaplan made the decision after prosecutors said Bankman-Fried had tried to harass a key witness in his fraud case last month. The 31-year-old was charged with defrauding investors in…
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FTX’s Sam Bankman-Fried charged with bribing Chinese officials | Business News
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Disgraced FTX founder Sam Bankman-Fried has been charged with bribing Chinese officials with payments of at least $40m (£32.4m). Prosecutors have accused him of directing the payment to unfreeze accounts belonging to his hedge fund linked to FTX. The accounts of his trading firm Alameda Research, which Chinese authorities had frozen, are said to have…
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Disgraced FTX founder Sam Bankman-Fried pleads not guilty to fraud | Science & Tech News
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Disgraced FTX founder Sam Bankman-Fried has pleaded not guilty to stealing billions of dollars of customer money in his first court appearance since he was released on a record $250m pretrial bail. Bankman-Fried, 30, entered his plea before US district judge Lewis Kaplan at a court in Manhattan, after spending the Christmas period under house…
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Disgraced ‘crypto king’ Sam Bankman-Fried released on $250m bail – the largest in pre-trial history | Science & Tech News
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Disgraced cryptocurrency tycoon Sam Bankman-Fried has been released on a $250m (£208m) bond package as he awaits fraud charges – the largest ever pretrial bond in history. The bond was signed by his parents who agreed to keep him under house arrest at their home in Palo Alto, California while he awaits trial. Federal prosecutors…
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Cryptocurrency tycoon Sam Bankman-Fried extradited to US from The Bahamas | Science & Tech News
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Sam Bankman-Fried has been extradited to the US from The Bahamas as he faces criminal charges relating to the collapse of cryptocurrency exchange FTX. Authorities in the Bahamas said the FTX founder had waived his right to challenge the extradition and Bankman-Fried was witnessed leaving a magistrate court in Nasssau in a dark SUV. According…
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Sam Bankman-Fried: Arrested crypto boss hugs parents as he is denied bail over ‘one of biggest financial frauds in US history’ | Science & Tech News
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Former cryptocurrency exchange boss Sam Bankman-Fried hugged his parents after being denied bail on charges relating to “one of the biggest financial frauds in American history”. The 30-year-old founder of FTX, has been charged by the US Securities and Exchange Commission (SEC) with fraud and violating campaign finance laws. He is also being sued. Following…
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Sam Bankman-Fried: This crypto entrepreneur saw his £21bn empire crumble in just three days – what happened at FTX? | Science & Tech News
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Sam Bankman-Fried looked unstoppable. The 30-year-old had built a £21bn business empire and was the CEO of FTX, the world’s second-largest cryptocurrency exchange. More than one million customers worldwide were using his platform to buy assets like Bitcoin – enticed by star-studded adverts that made everything look simple and safe. Image: Naomi Osaka appeared in…
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Founder of bankrupt crypto firm FTX Sam Bankman-Fried breaks his silence, with thousands locked out of savings | Business News
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A crypto entrepreneur says his net worth has fallen from more than $26bn to $100,000 after his company imploded. Sam Bankman-Fried admitted it has been a “bad month” after FTX collapsed into bankruptcy, leaving thousands of people frozen out of their savings. The 30-year-old, who once positioned himself as a saviour for stricken firms, has…