Madoff

Sam Bankman-Fried's Crypto 'Fraud' Joins Hall of Shame With Madoff, Holmes

Sam Bankman-Fried’s Crypto ‘Fraud’ Joins Hall of Shame With Madoff, Holmes

It may be a little too soon to lump Sam Bankman-Fried into the same boat as infamous fraudster Bernie Madoff — or maybe not. The full post-mortem of his epic meltdown from crypto prodigy and billionaire to broke crypto villain extraordinaire won’t be ready for some time. Prosecutors for the US Attorney for the Southern …

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FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair |  CNN Business

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business

New York CNN Business — In just three years, Sam Bankman-Fried has transformed FTX into a massive crypto exchange backed by big-name investors and valued at $32 billion. It only took a few days for it all to implode into a sprawling bankruptcy filing. Sheila Bair, a top regulator during the 2008 financial crisis, told …

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business Read More »