Legal trouble brews for Sam Bankman-Fried over financial misconduct

Entrepreneur Sam Bankman-Fried, formerly celebrated for his role in founding the cryptocurrency trading platform FTX, has been convicted and sentenced to 25 years in prison. Prosecutors labeled his actions as one of the most severe financial frauds in U.S. history. Judge Lewis Kaplan announced the verdict, also ordering Bankman-Fried to forfeit an astounding $11 billion … Continue reading Legal trouble brews for Sam Bankman-Fried over financial misconduct