Tag: fraud
SBF on trial: Is he a math nerd or was his empire built on lies?
Former FTX CEO, Sam Bankman-Fried, on Monday pleaded not guilty to seven charges of fraud and money laundering. Bankman-Fried is facing trial in New York for allegedly running a Ponzi scheme and defrauding customers, investors and lenders by selling stock in FTX and borrow millions from lenders by lying. Bankman-Fried’s former roommate Adam Yedidia also testified at the trial.
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