FTX Fraud
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A judge sentenced former cryptocurrency executive Caroline Ellison to two years in prison on Tuesday for her role in helping her former boyfriend, Sam Bankman-Fried, steal $8 billion in customer funds from the bankrupt FTX exchange. Despite her extensive cooperation with prosecutors, U.S. District Judge Lewis Kaplan emphasized the seriousness of the case. He expressed…
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Sam Bankman-Fried, convicted of defrauding customers of the now-bankrupt FTX cryptocurrency exchange he founded, has appealed his conviction and 25-year prison sentence. Defense lawyer Marc Mukasey announced the appeal during Bankman-Fried’s sentencing hearing. Prosecutors labeled the case one of the largest financial frauds in U.S. history. Bankman-Fried’s appeal could be lengthy, with his legal team…
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Former billionaire and FTX cryptocurrency exchange founder, Sam Bankman-Fried, faced the denouement of his meteoric rise as a judge sentenced him to 25 years in prison on Thursday. This sentence followed his conviction on seven counts of fraud and conspiracy related to the collapse of FTX in 2022, described by prosecutors as one of the…
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