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Sam Bankman-Fried: Sam Bankman-Fried's wealth was 'built on lies,' prosecutor says at trial

Prosecutors with the U.S. Attorneys office in Manhattan say Bankman-Fried used FTX customer money from the exchanges 2019 launch until its November 2022 bankruptcy in order to prop up his hedge fund, Alameda Research, buy luxury real estate, and donate to U.S. political campaigns and candidates.
Caroline Ellison Nishad Singh Donald Trump Sam Bankman Anthony Scaramucci Gabriel Bankman

Sam Bankman-Fried: Sam Bankman-Fried never received plea offer, prosecutor says as trial kicks off

Federal prosecutors say the 31-year-old former billionaire embezzled from FTX customers since its founding in 2019 through its November 2022 bankruptcy in order to prop up his hedge fund Alameda Research, buy luxury properties and donate more than $100 million to US political candidates.
New York United States Mark Cohen Lewis Kaplan Gary Wang Sam Bankman

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