52 min listen
The Case Against Sam Bankman-Fried
ratings:
Length:
28 minutes
Released:
Dec 14, 2022
Format:
Podcast episode
Description
Sam Bankman-Fried has been arrested, accused of engineering “one of the biggest financial frauds in American history.”In a Department of Justice indictment unsealed on Tuesday, Bankman-Fried has been charged with eight counts including conspiracy to commit wire fraud on customers and lenders, money laundering and violations of campaign finance laws. Bankman-Fried, who was arrested in the Bahamas on Monday, faces years in prison if convicted.The charges point to a long-running scheme to misappropriate the deposits of exchange customers to pay debts and expenses of Bankman-Fried’s private trading firm Alameda Research and to make investments. The conspiracy ran from 2019 — the year he founded FTX — until its collapse last month, according to the complaint.The SEC and The CFTC have also charged Sam Bankman-FriedPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle YouTube ChannelDavid C Barnett Small Business and Deal Making M&A SMBI discuss buying, selling, financing and managing small and medium sized businesses...Listen on: Apple Podcasts Spotify Support the show
Released:
Dec 14, 2022
Format:
Podcast episode
Titles in the series (100)
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