Bankman-Fried, Sam – Page 2

What Sam Bankman-Fried’s Conviction Says About the Fight Against Financial Fraud

The Justice Department has been losing ground in the fight against financial fraud for years.

The founder of the failed FTX cryptocurrency exchange was found guilty of seven counts of fraud and conspiracy.

Sam Bankman-Fried’s conviction reminds us of the real talent behind the schemes — knowing what people yearn for.

Investors bought into the perception of the FTX founder as an unkempt boy genius. The jury didn’t buy it.

The case against the founder of the failed FTX exchange had come to symbolize the excesses of the volatile cryptocurrency industry.