Lawmakers are expected to be on the warpath Tuesday after FTX founder and former CEO Sam Bankman-Fried was arrested over the actions leading to his company's collapse.
Former U.S. Justice Department fraud section federal prosecutor David Maria discusses the legal consequences of Sam Bankman-Fried's alleged fraud on 'Cavuto: Coast to Coast.'
Representative Maxine Waters, a Democrat from California and chairwoman of the House Financial Services Committee, during a hearing in Washington, D.C., US, on Wednesday, Sept. 21, 2022. KEVIN O'LEARY EXPLAINS HOW HE WENT FROM CALLING CRYPTO ‘GARBAGE’ TO THE ‘MURDER’ OF HIS MONEY IN FTX COLLAPSE The new FTX CEO said his investigation is still ongoing but has found several "unacceptable management practices" so far that the "very small group of grossly inexperienced and unsophisticated individuals" running the exchange engaged in.
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