Everand Logo

Welcome to Everand!

  • Los Angeles Times

    Emails reveal Sam Bankman-Fried’s courtship of federal regulators

    by Freddy Brewster, Los Angeles Times Dec 26, 2022 3 minutes
    FTX co-founder Sam Bankman-Fried is escorted by corrections officers to the Magistrate's Court on Dec. 21, 2022, in Nassau, Bahamas.

    ALAMEDA, Calif. — Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader who sought more regulation of cryptocurrency and wanted his industry to be part of the mainstream financial system.

    But now that the Commodity Futures Trading Commission, the Securities and Exchange Commission, and the Justice Department are prosecuting the 30-year-old for fraud, the extensive professional relationships he cultivated with current and former federal regulators risk embarrassment for all involved.

    As CEO of FTX, a crypto exchange, Bankman-Fried hired multiple former federal regulators who

    You’re reading a preview, subscribe to read more.

    More from Los Angeles Times

    Los Angeles Times6 min readAmerican Government
    Young Voters Don't Give Biden Credit For Passing The Biggest Climate Bill In History
    President Joe Biden spent his Earth Day in a national forest this year with an explicit pitch to young people: a climate jobs corps intended to excite Gen Z the way John F. Kennedy's Peace Corps inspired their grandparents. Biden took a selfie with R
    Los Angeles Times3 min readAmerican Government
    LZ Granderson: Trump's Racist 'Welfare' Dog Whistle Is Nonsense Just Like Reagan's
    Donald Trump took his dog whistle down to Florida last weekend, where he reportedly told a room full of donors: "When you are Democrat, you start off essentially at 40% because you have civil service, you have the unions and you have welfare." He the
    Los Angeles Times6 min read
    A Tale Of Two Downtowns In LA: As Offices Languish, Apartments Thrive
    By many measures, downtown Los Angeles’ newest apartment tower is over the top with such gilded flourishes as stone tiles from Spain lining the elevator cabs and hand-troweled Italian plaster on interior walls. Hummingbirds have somehow found the fru

    Related Books & Audiobooks