Every Monday and Wednesday host Kelly O’Grady speaks with plugged in experts to discuss the latest twists and turns in the case against the FTX CEO.
Sam Bankman-Fried, FTX founder, was arrested in the Bahamas a day before he was to testify before the House Financial Services Committee.
Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said beginning in 2019, he diverted their money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment.
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Every Monday and Wednesday host Kelly O’Grady speaks with plugged in experts to discuss the latest twists and turns in the case against the FTX CEO.
Sam Bankman-Fried, FTX founder, was arrested in the Bahamas a day before he was to testify before the House Financial Services Committee.
Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said beginning in 2019, he diverted their money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment.
"Where Did Our Money Go?": What Happens To The FTX Victims
The Trial of Sam Bankman-Fried
25 minutes
1 year ago
"Where Did Our Money Go?": What Happens To The FTX Victims
SBF now awaits his sentencing for several financial crimes related to defrauding his FTX exchange customers. Despite authorities working to track down customers' stolen funds, some are sure they may never recover what they lost.
Evan Luthra is a tech entrepreneur, angel investor, and FTX customer who lost nearly $2 million after the exchange's collapse.
He joins the podcast to share the moment he realized his money was essentially gone and the difficult and unlikely process of getting it back. He explains how, as a longtime believer in the future of cryptocurrency, he believes cryptocurrency will bounce back strong after the fall of SBF.
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The Trial of Sam Bankman-Fried
Every Monday and Wednesday host Kelly O’Grady speaks with plugged in experts to discuss the latest twists and turns in the case against the FTX CEO.
Sam Bankman-Fried, FTX founder, was arrested in the Bahamas a day before he was to testify before the House Financial Services Committee.
Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said beginning in 2019, he diverted their money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment.