The judge said Bankman-Fried had lied during his testimony and had shown no remorse for stealing $8 billion from customers of his now-bankrupt FTX cryptocurrency exchange.
As a rugby union who’s who gathered for lunch this week,the future of the embattled club was on everyone’s lips. How do you save a loss-making operation without leaving a sour taste in anyone’s mouth?
Creditnet Bank Internationale has no office and does not take deposits from consumers. Yet the group has found itself at the centre of controversial moments in Australian corporate history and an attempted $25 billion fraud on the nation of Palau.
Sam Bankman-Fried is facing a sentence of up to 100 years for orchestrating the fraud that brought down the cryptocurrency exchange.
Joe Lewis admitted to passing inside information to his private pilots and girlfriend,putting a black mark on the 86-year-old’s spectacular rise to become one of Britain’s richest men.
Mitchell Atkins once promised investments in high-end vehicles and successful share funds. Now,he’s been banned from managing other people’s money for 10 years.
Sam Bankman-Fried’s rise and fall is the subject of Michael Lewis’ latest book.
For a time,everyone loved Sam Bankman-Fried. Everyone kept insisting he was off-the-charts brilliant,the entrepreneur who would create the future.
Gary Hardgrave said he took immediate action to terminate all involvement with Changjiang Currency Exchange after a sting operation by the Australian Federal Police.
Police swooped on suspected members of the “Long River” Australia-wide crime syndicate,accusing them of serious financial crime.
The fraud against an investment house tied to one of America’s biggest companies,TPG Capital,sounds more suited to the pages of a modern-day financial crime thriller.