The Downfall of Sam Bankman-Fried | How the Crypto Giant Earned Himself a 25 Year Sentence скачать в хорошем качестве

The Downfall of Sam Bankman-Fried | How the Crypto Giant Earned Himself a 25 Year Sentence

It all began with a tweet trying to assure the crypto market that FTX was stable...and ohhhh how it spiraled from there. The downfall of FTX and the charging and ultimate conviction of Samuel Bankman-Fried (SBF), Ex-CEO of FTX and crypto-giant. SBF was arrested in the Bahamas on December 12, 2022. A Federal Grand Jury Indictment was filed in the U.S. District Court for the Southern District of New York along with complaints have been filed by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). All of this happened on the eve of a hearing before the U.S. House of Representatives Committee on Financial Services, at which John J. Ray III (replacement CEO) testified. It also appears that SBF's written testimony was provided to the Committee in advance of the hearing, and the remarks he intended to deliver are pretty unbelievable. SBF ultimately agreed to extradition to the U.S., and you have to admire the gamesmanship by the prosecution in announcing they had charged and already reached plea agreements with Caroline Ellison and Gary Wang after SBF was en route to New York. SBF, Ellison, and Wang were all granted bail, and SBF...well, he received bail with some pretty limiting conditions...at first... The government dismissed it's campaign finance charge against Bankman-Fried and conspiracy theories are running rampant. At the same time, Bankman-Fried has put himself in hot water with the Court after contact nearly everyone under the sun with inside information on those who might be called to testify against him at trial. Ultimately, Judge Lewis A. Kaplan revoked bond for FTX founder Sam Bankman-Fried after finding "probable cause to believe that the defendant has committed the federal crime of attempted witness tampering". SBF left the courtroom in handcuffs and will be incarcerated pending his criminal trial. A trial that saw SBF take the stand (less than effectively) and a trial that resulted in a conviction and sentence of 25 years.