Founder of cryptocurrency exchange FTX (29) arrested in the Bahamas for large-scale fraud
According to the SEC complaint, Bankman-Fried raised more than $1.8 billion through an “orchestrated scheme to defraud investors.” He would use the money for risky investments, property purchases, and large political donations. The SEC speaks of ‘years of fraud’ through the construction of a house of cards. More than a year ago, the flag was … Read more