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FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers
FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit rock bottom Thursday when a New York jury convicted him of fraud for stealing at least $10 billion from customer and investors. Stephanie Magallon reports.
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FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers
FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit rock bottom Thursday when a New York jury convicted him of fraud for stealing at least $10 billion from customer and investors.
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A closer look: Sam Bankman-Fried found guilty in FTX trial
Bay Area CEO Sam Bankman-Fried, was found guilty of fraud charges Thursday and is now facing up to 115 years in prison. NBC Bay Area’s Raj Mathai spoke to business and tech reporter Scott Budman for some insight.
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Sam Bankman-Fried found guilty on all counts at fraud trial
The former crypto billionaire was charged with fraud after his crypto exchange FTX and hedge fund Alameda Research collapsed.
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Jailed Sam Bankman-Fried can't prepare for trial without vegan diet, meds, lawyers say
FTX founder Sam Bankman-Fried can’t adequately prepare for trial in six weeks while in jail without proper access to computers, necessary medications to help him concentrate, and a better diet, his lawyers told a magistrate judge Tuesday.
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Jailed Sam Bankman-Fried can't prepare for trial without vegan diet, meds, lawyers say
FTX founder Sam Bankman-Fried can’t adequately prepare for trial in six weeks while in jail without proper access to computers, necessary medications to help him concentrate, and a better diet than bread, water and peanut butter, his lawyers told a magistrate judge Tuesday.
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Judge sends FTX founder Sam Bankman-Fried to jail, says crypto mogul tampered with witnesses
FTX founder Sam Bankman-Fried has been sent to jail after a bail hearing in New York City. Federal Judge Lewis A. Kaplan issued the order Friday, saying there was probable cause that Bankman-Fried had tried to tamper with two key witnesses against him and maybe others. Bankman-Fried was taken from a courtroom in handcuffs. Prosecutors had pushed for his incarceration....
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Bankman-Fried's Lawyers Say Car Hit Barricade Outside Home
A car with three occupants recently drove into a barricade outside the California home owned by Sam Bankman-Fried’s parents.
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Florida Judge Terminates FTX's Naming-Rights for Miami Heat Arena
The naming rights deal between FTX and Miami-Dade County has been terminated by a federal bankruptcy court. The move allows the collapsed cryptocurrency exchange’s brand to be stripped from the arena where the NBA’s Miami Heat play. The order means that before long all FTX signage and advertising at the arena will be removed. That will be a massive undertaking....
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FTX Founder Sam Bankman-Fried Faces Arraignment in New York
FTX founder Sam Bankman-Fried will be arraigned in a Manhattan federal court Tuesday on charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.
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FTX Founder Sam Bankman-Fried Pleads Not Guilty in New York
FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.
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Disgraced FTX Founder Sent Back to the Bay Area
He’s accused of perpetrating one of the biggest cases of fraud in American history. But Sam Bankman-Fried got to come home to Palo Alto to await his next court appearance, and not all neighbors are happy. Business and Tech Reporter Scott Budman reports from his Stanford neighborhood with the latest.
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FTX Founder Sam Bankman-Dried Heading Back to Bay Area
Disgraced Bay Area cryptocurrency founder, Sam Bankman-Fried, is expected to arrive at his parents’ Palo Alto home to await trial as early as Friday. Kris Sanchez reports.
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Disgraced FTX Co-Founder Out on Bond, Heading Home to the Bay Area
Disgraced crypto entrepreneur Sam Bankman-Fried, accused of misappropriating money in the amount of billions, is free on bond and headed home to the Bay Area.
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FTX Co-Founder Headed Home to the Bay Area
Disgraced crypto entrepreneur Sam Bankman-Fried, accused of misappropriating money in the amount of billions, is back on U.S. soil from the Bahamas and just on Thursday, free on bond. He will spend the rest of his days until trial in Palo Alto. Gia Vang reports.
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FTX Founder Allowed $250M Bond, House Arrest at Parents' Palo Alto Home
Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse Thursday with his parents after they agreed to sign a $250 million bond and keep him at their California home while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform. Scott Budman reports.
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FTX Founder Allowed $250M Bond, House Arrest at Parents' Palo Alto Home
Cryptocurrency entrepreneur Sam Bankman-Fried has left Manhattan federal court after his parents signed a $250 million personal recognizance bond. He wore an electronic monitoring bracelet as he rushed to a car Thursday to head with his parents to their California home to await trial. Bankman-Fried is accused of swindling investors and looting customer deposits on his FTX trading platform. Assistant...
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Sam Bankman-Fried Released on $250M Bond
The founder of FTX must live in his parent’s California home, not open any new lines of credit and wear an electronic monitoring device.
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Sam Bankman-Fried's Ex-Girlfriend, and Other FTX Execs Plead Guilty to Criminal Charges
A federal prosecutor says two associates of Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange FTX.