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News Forum - FTX founder Sam Bankman-Fried arrested in Bahamas for fraud


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FTX founder Sam Bankman-Fried has been arrested for fraud in the Bahamas with a judge denying his bail. US prosecutors allege he committed fraud and violated campaign finance laws. His bail was denied based on the grounds that he is considered a “great” flight risk. A judge ordered him to be sent to the Bahamas’ department of corrections until February 8, 2023. Bankman-Fried is accused of making illegal campaign contributions to Democrats and Republicans with “stolen customer money” in what is considered to be one of the “biggest financial frauds in American history.” US attorney Damian Williams says the FTX […]

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