Bill Ackman maintains that Sam Bankman-Fried didn’t commit fraud, that he didn’t knowingly commingle funds, and that he was surprised by how large the position of the hedge fund Alameda he owned was.
Sam Bankman-Fried has convinced at least one person with his media tour following the collapse of the cryptocurrency exchange FTX — the hedge-fund manager Bill Ackman.
Bankman-Fried has spoken to multiple outlets, from Axios to the New York Times, and an interview with Good Morning America was set to be aired early on Thursday. In those interviews, he maintains he didn’t commit fraud, that he didn’t knowingly commingle funds, and that he was surprised by how large was the position of the hedge fund Alameda that he owned.
“I think that there is a substantial discrepancy between what the financials were, what the auditing financials were, the true financials, what the exchange understood — all of that was consistent — versus what the dashboards that we had displayed for Alameda’s account there, which substantially underdisplayed the size of that position.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beto O’Rourke returned $1 million check from FTX’s Sam Bankman-FriedO’Rourke’s campaign said they gave the money back before the company’s scandals became widely public, because they were taken aback by such a large unsolicited donation.
Read more »
Beto O’Rourke returned $1 million check from FTX’s Sam Bankman-FriedO’Rourke’s campaign said they gave the money back before the company’s scandals became widely public, because they were taken aback by such a large unsolicited donation. betoorourke decision2022 kprc2 click2houston texas
Read more »
Sam Bankman-Fried Aimed to Outpace George Soros as Largest Democrat DonorDisgraced former FTX CEO Sam Bankman-Fried tried to build up a political empire to rival Democrat megadonor George Soros.
Read more »
Bankrupt BlockFi Sues Sam Bankman-Fried Over Robinhood Shares: FTCryptocurrency lender BlockFi, which filed for Chapter 11 bankruptcy protection on Monday, on the same day sued FTX founder Sam Bankman-Fried's Emergent Fidelity Technologies holding company for Robinhood Markets (HOOD) shares held by the company and pledged to BlockFi as collateral, the Financial Times reported, citing loan documents it had seen. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De dicusses the latest developments.
Read more »
Disgraced FTX founder Sam Bankman-Fried ghosted his legal team over bankruptcy: reportHours before the FTX bankruptcy, an attorney was reportedly still begging SBF to sign the papers.
Read more »