Skip to Main Content
Sam Bankman-Fried
The disgraced entrepreneur was found guilty on sweeping fraud charges.
He could face decades in prison after prosecutors said he cheated thousands of cryptocurrency customers out of billions of dollars.
Ellison pleaded guilty to seven counts of fraud, money laundering and conspiracy after the collapse of FTX last fall.
Prosecutors allege the 31-year-old stole funds from FTX, a crypto exchange he founded, both for personal use and to cover losses at a separate hedge fund.
WHAT'S HAPPENING
The FTX founder, who's on trial for fraud, gave Brady and Steph Curry an hourly rate that boggles the mind, said "Going Infinite" author Michael Lewis.
In a new book, Lewis said the disgraced crypto billionaire floated the idea of paying off Trump to neutralize the "existential" risk he posed to democracy.
Barbara Fried and Joe Bankman allegedly used their access and influence within the FTX enterprise to enrich themselves by misappropriating customer funds.
Bankman-Fried allegedly directed FTX executives to evade contribution limits to Democrats and Republicans and to conceal where the money came from.
Allegedly tamper with witnesses? Straight to jail.
I would really love to reconnect and see if theres a way for us to have a constructive relationship," Bankman-Fried wrote to a witness working at FTX.
_(720p).jpg)
 OFFICIAL HD MUSIC VIDEO.jpg)
.jpg)
