Find Your Daily Voice
Suffolk
Your Local News for Suffolk County, Massachusetts
Monday, may 27
70°
Follow
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Real Estate
Tags
Jobs
Shop
Support Us
Suffolk
Follow
Find Your Daily Voice
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Real Estate
Tags
Jobs
Shop
Support Us
Home
About us
All sites
Advertise with us
Contact us
Terms of use
Privacy policy
Code of ethics
Site Map
© 2024 Cantata Media
70°
Monday, may 27
Tag:
Gary Gensler
News
Former FTX CEO, MIT Grad Sam Bankman-Fried Charged With Defrauding Investors Of $1.8 Billion
The former CEO of what used to be one of the world's largest cryptocurrency companies has been charged with defrauding investors of almost two billion dollars, authorities said. The Securities and Exchange Commission (SEC) charged Samuel Bankman-Fried on Tuesday, Dec. 13, with defrauding FTX investors out of more than $1.8 billion. The SEC alleges that Bankman-Fried raised the funds – including $1.1 billion from 90 US-based investors – by falsely promoting a safe, responsible cryptocurrency since May 2019. "We allege that Sam Bankman-Fried built a house of cards on a foundation of dece…