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Ex-CEO of Alameda Research sentenced to 2 years for participation in FTX crypto exchange fraud scheme

A federal judge in Manhattan sentenced Caroline Ellison, the former head of Alameda Research and hedge fund FTX, to 2 years in prison on September 24, along with the forfeiture of $11 billion. The judge acknowledged that she played a significant rol...

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Sam Benkman-Fried's parents say he's "too naive" for prison and pleaded with the judge to commute his sentence

Relatives of the former owner of the bankrupt cryptocurrency exchange FTX begged the judge to reduce the sentence, claiming that Sam's naivety could pose an "extraordinary danger" for him behind bars, Business Insider reported. "I sincerely fear for...

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Sam Benkman-Fried found guilty of fraud - FTX founder faces up to 110 years in prison

Benkman-Fried was detained in December 2022 in the Bahamas after the collapse of the cryptocurrency exchange FTX he founded. A jury found Sam Bankman-Fried guilty on all 7 counts of fraud and conspiracy. According to The New York Times, he faces a m...

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Bankman-Fried's biographer says the crypto entrepreneur was thinking of paying Trump $5 billion not to run for president

The current prisoner, former FTX owner, believed that Donald Trump threatened democracy. Writer Michael Lewis, tracing the rise and fall of Sam Bankman-Fried in his new book "Going Infinite," said that the crypto entrepreneur considered paying Donald...

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FTX founder Sam Bankman-Fried wanted to buy the island nation of Nauru with investor funds and build a bunker there

The latest lawsuit from FTX Trading reveals new details of massive fraud and personal desires of Bankman-Fried. In particular, the complaint states that the former director of the company's subsidiary hedge fund Alameda Research (and Bankman-Fried's...

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