All you need to know about the disgraced founder Sam Bankman\u002DFried and the demise of his crypto empire.
An indictment unsealed on Tuesday alleges Bankman-Fried knowingly misrepresented FTX to investors and customers in a multi-year scheme that defrauded them of billions of dollars.Sign up to receive the daily top stories from the National Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.
It’s a stunning fall for the one-time billionaire, who was arrested at his luxury apartment in the Bahamas on Monday night, and is currently awaiting extradition.Article contentRecommended from EditorialWho is Bankman-Fried? Bankman-Fried was a leading proponent of so-called ‘effective’ altruism, a philanthropic theory that uses scientific thinking to do societal good. He was a member of the Giving pledge, for which wealthy people and families vow to donate most of their fortunes before they die.
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