By Rodney Williams January 12, 2024 Sam Bankman Fried, former founder and CEO of cryptocurrency exchange FTX, was found guilty of wire fraud, conspiracy, and stealing as much as $10 billion in customer money. Elizabeth Holmes, founder of Theranos, is serving an 11-year sentence for fraud and conspiracy over false claims she made to … Continue reading Op-ed: Why do VCs fund founders like Sam Bankman-Fried and Elizabeth Holmes but not Black entrepreneurs?
Nikola founder Trevor Milton convicted on three charges of fraud Karissa Bell @karissabe Trevor Milton, the founder and former executive chairman of Nikola, has been found guilty on three counts of fraud for misleading the electric vehicle company’s investors about its business and technology. In total, he was found guilty on one count … Continue reading US prosecutors are reportedly investigating FTX founder Sam Bankman-Fried for fraud
By Matt Stoller November 11, 2022 This article is republished with permission from BIG, a newsletter on the history and politics of monopoly power. Subscribe here. “I’m sorry. That’s the biggest thing. I fucked up, and should have done better.”—Sam Bankman-Fried, 2022 “Recklessness and deceit do not automatically excuse themselves by notice of repentance.”—Louis … Continue reading Gary Gensler is the sheriff of Wall Street, so why couldn’t he rein in Sam Bankman-Fried?
By Talib Visram November 11, 2022 Effective altruism, we hardly knew ye. Following the collapse of FTX, Sam Bankman-Fried’s crytocurrency exchange that was once valued at $32 billion and is now effectively worthless, the founders of the company’s philanthropic arm resigned Thursday. Reporter Teddy Schleifer tweeted the resignation letter cosigned by the FTX Future … Continue reading Sam Bankman-Fried and Elon Musk just killed effective altruism
