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Sam Bankman-Fried: Disgraced ‘crypto king’ jailed for 25 years after stealing billions of dollars from FTX customers | Business News
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Disgraced crypto entrepreneur Sam Bankman-Fried has been sentenced to 25 years in prison after being convicted of stealing billions of dollars from his customers. He was the chief executive of FTX, which suddenly went bankrupt in November 2022 – leaving millions of users frozen out of their accounts and unable to make withdrawals. The 32-year-old…
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Sam Bankman-Fried: Disgraced FTX boss ‘donated stolen customer funds to politicians’ | Science & Tech News
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Disgraced crypto entrepreneur Sam Bankman-Fried used stolen customer money to make political donations, prosecutors have alleged. The 31-year-old, whose £21bn FTX empire collapsed last year, is accused of making north of $100bn (£79bn) in campaign contributions during the 2022 US midterms. He is said to have directed two of his company’s executives to send cash…
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Elizabeth Holmes: Disgraced Theranos founder delays going to jail after winning appeal | Business News
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Elizabeth Holmes, the disgraced tech billionaire convicted of fraud, has avoided starting her 11-year jail term on Thursday after a judge backed her appeal to delay it. Holmes, 39, who founded Theranos, was sentenced to 11 years and three months after being found guilty of three counts of investor fraud and one count of conspiracy…
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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…