BBCNEWS World July 2, 2024
"one of the biggest financial frauds in american history" — that's how a new york prosecutor described the actions of sam bankman—fried, the former cryptocurrency boss, who, in the last few hours, has been convicted of defrauding investors. as you've been hearing, mr bankman—fried was arrested a year ago, when his cryptocurrency exchange, ftx, and his investment fund, alameda research, went bankrupt. prosecutors said he had used money stolen from ftx customers to prop up alameda and to fund his lavish lifestyle. after a month—long trial, a jury agreed. late on thursday, they ...
Source: archive.org