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After the November collapse of FTX, the cryptocurrency exchange he founded in 2019, Bankman-Fried unexpectedly gave a series of interviews intended to present his version of events.
Source: https://www.artesianews.com/2136730/ftx-founder-keeps-talking-ignoring-typical-legal-strategy.html
Alameda, at the direction of FTX founder Sam Bankman-Fried, had paid $25 million to acquire a stake in Modulo and contributed $450 million to an investment fund managed by Modulo, according to the filings.
Another adviser who worked closely with Gabe Bankman-Fried was Keenan Lantz, a top executive at Guarding Against Pandemics who helped handle paperwork for political donations and other operational matters, said two people familiar with his role.
Source: https://www.nytimes.com/2023/03/24/business/ftx-gabe-bankman-fried.html
As per the terms of his extradition, Bankman-Fried was freed on $250 million bond and ordered to surrender his passport.
Source: https://nypost.com/2023/01/27/sam-bankman-frieds-dog-can-attack-on-command-using-secret-word/
Bankman-Fried, 30, has pleaded not guilty to charges that he illegally diverted massive amounts of customer money from FTX to Alameda Research, his cryptocurrency hedge fund trading firm.
Bankman-Fried, 31, had earlier pleaded not guilty to eight counts of fraud and conspiracy for allegedly stealing billions in FTX customer funds to plug losses at his hedge fund, Alameda Research.
Bankman-Fried allegedly paid the first bribe just two months after two top Chinese regulators, including the People’s Bank of China (PBOC), took harsh measures to end cryptocurrency mining and trading in September 2021.
Source: https://chinadigitaltimes.net/2023/03/us-crypto-executive-charged-with-bribing-chinese-official/
Bankman-Fried, along with Gary Wang, co-founder of FTX, and Caroline Ellison, the former head of FTX's sister hedge fund Alameda Research, have all pleaded guilty in the ongoing case.
Bankman-Fried and FTX decamped to the Bahamas the same year.
Bankman-Fried contributed $5,800 to Maine Sen. Susan Collins’ campaign on various occasions.
Bankman-Fried had contended on the stand that he never asked employees to do anything illegal.
Source: https://www.newser.com/story/342198/jury-finds-ftx-founder-guilty-in-historic-fraud-case.html
Bankman-Fried has recently lost a lot of weight, was wearing far smarter clothes than his trademark shorts and t-shirt and cut the sides of his hair short.
Bankman-Fried is accused of authorizing the payment of $40 million to one or more Chinese government officials in order to get them to…
Bankman-Fried is awaiting trial on criminal charges of stealing billions of dollars from FTX customers.
Bankman-Fried is expected to face cross-examination by government prosecutors on Monday.
Bankman-Fried is likely to face far less than the maximum 110 years at a sentencing set for March 28. Ellison has pleaded guilty to he role in the collapse and will be hoping for a reduced sentence thanks to her co-operation with prosecutors.
Bankman-Fried made a sizeable financial gift to his father, Stanford Law professor Joseph Bankman, in 2021 while still acting as CEO of FTX.
Bankman-Fried struggles on the stand.
Source: https://createsend.com/t/d-28A957EA9AFFA8C42540EF23F30FEDED
Bankman-Fried, the son of two Stanford law professors, was released on a $250 million bond secured by the Craftsman-style house.
Bankman-Fried told the jury that when he started his first company, Alameda Research, he knew “basically nothing.”