Sam Bankman-Fried

FILE - The FTX logo appears on home plate umpire Jansen Visconti's jacket at a baseball game with the Minnesota Twins on Sept. 27, 2022, in Minneapolis. Failed cryptocurrency exchange FTX says that nearly all of its customers will receive the money back that they are owed, and some will get more than that, according to its reorganization plan. FTX said in a court filing Tuesday, May 7, 2024 that it owes about $11.2 billion to its creditors. (AP Photo/Bruce Kluckhohn, File)

FTX will return money to most customers less than 2 years after catastrophic crypto collapse

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.
 
FILE - FTX founder Sam Bankman-Fried, center left, is escorted out of Magistrate Court following a hearing in Nassau, Bahamas, Dec. 19, 2022. Bankman-Fried, charged with a host of financial crimes, was arrested in the Bahamas on Dec. 12, 2022. (AP Photo/Rebecca Blackwell, File)

A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX

 
FILE - FTX founder Sam Bankman-Fried leaves Federal court on July 26, 2023, in New York. The former crypto mogul faces the potential of decades in prison when he is sentenced Thursday, March 28, 2024, for his role in the 2022 collapse of FTX, once one of the world's most popular platforms for trading digital currency. (AP Photo/Mary Altaffer, File)

The Bankman-Fried verdict, explained

 
In this courtroom sketch, Sam Bankman-Fried, second from right, stands while making a statement during his sentencing in Manhattan federal court, Thursday, March. 28, 2024, in New York. Crypto entrepreneur Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency. (Elizabeth Williams via AP)

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

 
FILE - FTX founder Sam Bankman-Fried leaves Manhattan federal court, June 15, 2023, in New York. The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player on Wednesday, March 20, 2024, in a letter to a federal judge scheduled to sentence him next week, saying his claim that customers, lenders and investors were not harmed was callously false and he was living a “life of delusion.” (AP Photo/Bebeto Matthews, File)

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer

 

The rise and fall of FTX founder Sam Bankman-Fried

Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry’s collapse. The founder and former CEO of the massive cryptocurrency exchange FTX was sentenced to 25 years in prison after being convicted of fraud. (AP Video: Marissa Duhaney)
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Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison, AP Explains

FTX founder Sam Bankman-Fried convicted of fraud

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FILE - FTX founder Sam Bankman-Fried leaves Federal court, Wednesday, July 26, 2023, in New York. Prosecutors asked a New York judge on Friday, March 15, 2024 to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes they described as a “historic fraud.”(AP Photo/Mary Altaffer)

Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried for cryptocurrency fraud

Federal prosecutors are asking a New York judge to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes they described as a “historic fraud.”
 
FILE - A man passes by a screen showing the prices of bitcoin at a virtual currency exchange office in Seoul, South Korea, Tuesday, Jan. 16, 2018. When cryptocurrencies collapsed and companies failed last year, Congress considered multiple approaches for how to regulate cryptocurrencies in the future. However, most of those efforts have gone nowhere, especially in this chaotic year that has been dominated by geopolitical tensions, inflation and the upcoming 2024 election. (AP Photo/Ahn Young-joon, File)

Bankman-Fried’s trial exposed crypto fraud but Congress has not been eager to regulate the industry

The conviction of former cryptocurrency mogul Sam Bankman-Fried for stealing at least $10 billion from customers and investors is the latest black mark for the crypto industry.
 

Business Highlights: Low jobless claims signal healthy economy; Bankman-Fried fate in hands of jury

Business Highlights: A summary of the day’s top stories in the business world.
 
FILE - FTX founder Sam Bankman-Fried arrives at Manhattan federal court, Friday, Aug. 11, 2023, in New York. A lawyer for Bankman-Fried said Wednesday, Oct. 25, 2023, the FTX founder plans to testify at his fraud trial. (AP Photo/Bebeto Matthews, File)

Prosecutor cites ‘pyramid of deceit’ by Sam Bankman-Fried; Defense lawyer says he’s no monster

In a closing argument, a prosecutor told a New York jury to follow overwhelming evidence and the “pyramid of deceit” that FTX founder Sam Bankman-Fried constructed to conclude he’s guilty of fraud charges.
 
In this courtroom sketch, FTX founder Sam Bankman-Fried, right, testifies as Judge Lewis Kaplan, upper left, presides during Bankman-Fried's trial in Manhattan federal court, Tuesday, Oct. 31, 2023, in New York. A pie chart showing where all the customer funds were spent is displayed on monitors. (Elizabeth Williams via AP)

Closing arguments next in FTX founder Sam Bankman’s fraud trial after his testimony ends

FTX founder Sam Bankman-Fried has undergone a final barrage of questions from a prosecutor aimed at showing that he’s not being honest about how $8 billion of his customers’ funds disappeared, setting the stage for final arguments.
 
In this courtroom sketch, FTX founder Sam Bankman-Fried, background center, is cross examined by U.S. Assistant Attorney Danielle Sassoon, left, while Judge Lewis Kaplan listens, background second left, in Manhattan federal court, Monday, Oct. 30, 2023, in New York. Members of the jury are seated at right. (Elizabeth Williams via AP)

Prosecutor takes aim at Sam Bankman-Fried’s credibility at trial of FTX founder

A prosecutor has attacked the credibility of Sam Bankman-Fried’s testimony at his fraud trial, confronting him over whether he was truthful during his public appearances after FTX filed for bankruptcy last year.
 
In this courtroom sketch, Sam Bankman-Fried testifies on the witness stand in Manhattan federal court, Friday, Oct. 27, 2023, in New York. (Elizabeth Williams via AP)

FTX founder Sam Bankman-Fried acknowledges in court customers were hurt

FTX founder Sam Bankman-Fried finished his first day of testimony at his fraud trial after saying the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead.
 

Ex-FTX exec was ‘horrified’ last year when he learned of $13 billion shortfall

A former FTX executive and onetime billionaire has testified against the cryptocurrency exchange’s founder, Sam Bankman-Fried, at his New York City federal fraud trial.
 
Caroline Ellison former CEO of Alameda Research founded by Sam Bankman-Fried exits the Manhattan federal court after testifying on Tuesday, Oct. 10, 2023, in New York. (AP Photo/Eduardo Munoz Alvarez)

Sam Bankman-Fried’s lawyer fails to hurt credibility of the government’s star witness at fraud trial

Sam Bankman-Fried’s lawyer did little to dent the credibility of the government’s key witness in the former crypto mogul’s fraud trial Thursday, meandering through a cross-examination of Caroline Ellison that at times left even the judge puzzled and impatient.
 
Caroline Ellison, former CEO of Alameda Research founded by Sam Bankman-Fried, exits Manhattan federal court after testifying, Tuesday, Oct. 10, 2023, in New York. (AP Photo/Eduardo Munoz Alvarez)

Caroline Ellison, saying Sam Bankman-Fried corrupted her values, found relief when truth came out

Sam Bankman-Fried’s former top executive has blamed the FTX founder of corrupting her values so that she could lie and steal and create false balance sheets.
 
Caroline Ellison, former CEO of Alameda Research founded by Sam Bankman-Fried, exits Manhattan federal court after testifying, Tuesday, Oct. 10, 2023, in New York. (AP Photo/Eduardo Munoz Alvarez)

Star witness Caroline Ellison says FTX founder Sam Bankman-Fried hoped to be US president someday

FTX founder Sam Bankman-Fried’s trial has taken a star turn. His former fellow top executive and ex-girlfriend Caroline Ellison testified against him on Tuesday in Manhattan federal court.
 
FILE - FTX founder Sam Bankman-Fried leaves Manhattan federal court, June 15, 2023, in New York. Bankman-Fried authorized the illegal use of FTX customers' funds and assets to plug financial gaps at an affiliated hedge fund from the exchange's earliest days, FTX's co-founder Gary Wang told a New York jury on Friday, Oct. 6, 2023, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S. history. (AP Photo/Bebeto Matthews, File)

Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange’s co-founder tells jury

Sam Bankman-Fried authorized the illegal use of FTX customers’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days, FTX’s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind beh
 
FILE - FTX founder Sam Bankman-Fried leaves Federal court, July 26, 2023, in New York. Jury selection begins Tuesday, Oct. 3 in a case in which the 31-year-old crypto mogul faces the possibility of a long prison term if convicted. Prosecutors say he cheated thousands of people who deposited cryptocurrency on the FTX exchange by illegally diverting massive sums of their money for his personal use, including making risky trades at his cryptocurrency hedge fund. (AP Photo/Mary Altaffer, File)

FTX co-founder testifies against Sam Bankman-Fried, saying they committed crimes and lied to public

FTX’s co-founder has begun to tell a New York jury that he and Sam Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year.
 
FILE - FTX founder Sam Bankman-Fried leaves Federal court, July 26, 2023, in New York. Jury selection begins Tuesday, Oct. 3 in a case in which the 31-year-old crypto mogul faces the possibility of a long prison term if convicted. Prosecutors say he cheated thousands of people who deposited cryptocurrency on the FTX exchange by illegally diverting massive sums of their money for his personal use, including making risky trades at his cryptocurrency hedge fund. (AP Photo/Mary Altaffer, File)

Jury sees FTX ads with Tom Brady, Larry David, as fraud case is rolled out against Sam Bankman-Fried

Splashy advertising featuring football star Tom Brady and comedian Larry David was shown to jurors as prosecutors launched a historic fraud case against cryptocurrency maven Sam Bankman-Fried.
 
In this courtroom sketch, FTX founder Sam Bankman-Fried, right, sits at the defense table next to his attorney Christian Everdell as jury selection began in his fraud trial, Tuesday, Oct. 3, 2023. (AP Photo/Elizabeth Williams)

Jury selection begins in trial of fallen cryptocurrency mogul Sam Bankman-Fried

Sam Bankman-Fried’s trial on charges that he defrauded thousands of customers and investors in his FTX digital coin exchange began with a full day of jury selection.
 

Business Highlights: Sam Bankman-Fried’s trial set to begin, Fed chief hears about inflation woes

Business Highlights: A summary of the day’s top stories in the business world.
 
File - Sam Bankman-Fried leaves Manhattan federal court in New York on Feb. 16, 2023. The fraud trial of Bankman-Fried, the founder of failed cryptocurrency brokerage FTX, begins Tuesday with jury selection. (AP Photo/Seth Wenig, File)

Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook

For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan.
 
FILE - People walk on the Stanford University campus beneath Hoover Tower, March 14, 2019, in Stanford, Calif. Following a lawsuit filed Monday, Sept. 18, 2023, that alleges Stanford University received millions of dollars in donations from FTX Trading, the school said Wednesday, Sept. 20, that it will return the funds of all gifts collected from the now-collapsed cryptocurrency exchange. (AP Photo/Ben Margot, File)

Stanford says it will return all gifts from FTX following suit against Sam Bankman-Fried’s parents

Following a lawsuit that alleges Stanford University received millions of dollars in donations from FTX Trading, the school says it will return the funds of all gifts collected from the now-collapsed cryptocurrency exchange.
 

Business Highlights: The UAW prepares to expand its strike, Sam Bankman-Fried’s parents are sued

Business Highlights: A summary of the day’s top stories in the business world.
 
FILE - Barbara Fried, mother of FTX founder Sam Bankman-Fried, arrives at court, Dec. 22, 2022, in New York. On Monday, Sept. 18, 2023, lawyers for collapsed cryptocurrency exchange FTX Trading filed a lawsuit accusing Allan Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, of exploiting their access to and influence over their son and the company he founded to enrich themselves by millions of dollars. (AP Photo/Yuki Iwamura, File)

FTX attorneys accuse Sam Bankman-Fried’s parents of unjustly enriching themselves with company funds

Lawyers for collapsed cryptocurrency exchange FTX Trading are accusing Sam Bankman-Fried’s parents of exploiting their influence over their son and the company he founded to enrich themselves by millions of dollars.
 
Ryan Salame leaves Federal court, Thursday, Sept. 7, 2023, in New York. Salame, the former top executive at the failed FTX cryptocurrency exchange pleaded guilty Thursday to making tens of millions of dollars in illegal campaign contributions to U.S. politicians and engaging in a criminal conspiracy to operate an unlicensed money transfer business. (AP Photo/Mary Altaffer)

Former FTX crypto executive pleads guilty to making millions in illegal campaign contributions

A former top executive at the failed FTX cryptocurrency exchange pleaded guilty Thursday to making tens of millions of dollars in illegal campaign contributions to U.S. politicians and engaging in a criminal conspiracy to operate an unlicensed money transfer business.
 
FILE — FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Feb. 16, 2023. Prosecutors said Monday, Aug. 14, they'll use testimony from Bankman-Fried's “trusted inner circle” of former executives at his collapsed cryptocurrency empire against him at an October trial. (AP Photo/John Minchillo, File)

Testimony from Sam Bankman-Fried’s trusted inner circle will be used to convict him, prosecutors say

Prosecutors say they’ll use testimony from FTX founder Sam Bankman-Fried’s “trusted inner circle” of former executives at his collapsed cryptocurrency empire against him at an October trial.
 
FILE - FTX founder Sam Bankman-Fried leaves Federal court, Wednesday, July 26, 2023, in New York. Lawyers for FTX founder Bankman-Fried said Tuesday, Aug. 1, that prosecutors are wrong to seek his detention prior to trial because their arguments are built on “innuendo, speculation, and scant facts.” The written submission in Manhattan federal court was a response to the prosecution’s claim last week that no bail conditions can stop the onetime cryptocurrency powerbroker from trying to improperly influence the potential jury pool for his Oct. 2 trial. (AP Photo/Mary Altaffer, File)

FTX founder Sam Bankman-Fried’s lawyers say attempt to jail him before trial is wrong

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”
 
FTX founder Sam Bankman-Fried leaves Federal court, Wednesday, July 26, 2023, in New York. (AP Photo/Mary Altaffer)

Sam Bankman-Fried should be jailed until trial, prosecutor says, citing bail violations

A judge is weighing whether to revoke Sam Bankman-Fried’s bail. It’s under consideration after prosecutors said Wednesday that the FTX founder used the press to harass a key witness against him and should be locked up until trial.
 
FILE - FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Feb. 16, 2023. Bankman-Fried is harassing a key witness against him at his upcoming trial by giving a newspaper personal things she wrote while she was the chief executive of his cryptocurrency hedge fund trading firm, prosecutors say, Thursday, July 20.(AP Photo/John Minchillo, File)

Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness at his upcoming trial

Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness against him at his upcoming trial by publicly disclosing personal things she wrote while she was the chief executive at his cryptocurrency hedge fund trading firm.
 
FILE - FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Feb. 16, 2023. Bankman-Fried sought a dismissal of criminal charges against him in a court filing late Monday, May 8, saying prosecutors have improperly made federal crimes out of civil and regulatory issues that resulted from an industrywide collapse of cryptocurrency markets. (AP Photo/John Minchillo, File)

FTX founder Sam Bankman-Fried seeks dismissal of indictment

FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes.
 
FILE — FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Feb. 16, 2023. On Tuesday, Bankman-Fried is accused in new indictment of paying $40 million bribe to unlock frozen crypto in China. (AP Photo/John Minchillo, File)

FTX founder Bankman-Fried charged with paying $40M bribe

A new indictment charges FTX founder Sam Bankman-Fried with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business.
 

Ex-FTX executive is 3rd to plead guilty in cooperation deal

A former FTX executive is pleading guilty to conspiracy and wire fraud charges as part of a deal to cooperate with federal prosecutors building their case against FTX founder Sam Bankman-Fried.
 
FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Thursday, Feb. 16, 2023. The FTX founder returned to a New York courtroom for the second time in two weeks to explain why he keeps accessing parts of the internet that the government can't monitor and how it might affect his bail (AP Photo/John Minchillo)

FTX’s Bankman-Fried faces new charges in updated indictment

FTX founder Sam Bankman-Fried faces additional fraud charges in a rewritten indictment that was unsealed in New York federal court.
 
FTX founder Sam Bankman-Fried, left, arrives at Manhattan federal court, Thursday, Feb.16, 2023, in New York. The FTX founder returned to a New York courtroom for the second time in two weeks to explain why he keeps accessing parts of the internet that the government can't monitor and how it might affect his bail. (AP Photo/John Minchillo)

FTX founder’s bail signatories include 2 family friends

Two Stanford University academics signed on to FTX founder Sam Bankman-Fried’s $250 million bail package, enabling him to live with his parents while awaiting trial on fraud charges.
 
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