Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 92%

Canada Headlines News

Canada Latest News,Canada Headlines

Founder and former CEO of now-bankrupt crypto exchange FTX says he didn’t attempt to commit fraud

Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestion of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totalling billions of dollars.

Bankman-Fried told Reuters the company did not “secretly transfer” but rather misread its “confusing internal labelling. Bankman-Fried added that he “didn’t ever try to commit fraud” and that he doesn’t personally think he has any criminal liability.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This guy is so talented! He wasn't even trying.

How is this guy not in jail?

globebusiness Never “try”, only “do”.

Ignorance is not a form or defence

Well he succeeded without trying.

Mens Rae

They told him the entire thing was based on hopes and dreams, and hopes and dreams could never be fraudulent! 🥺

So he committed fraud effortlessly?

There is no try, there is only do

Nice try!

Bullshit

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX's Sam Bankman-Fried still hasn't answered these questions(Bloomberg) — The collapse of FTX was one of the crypto industry’s biggest and most stunning failures. It transformed Sam Bankman\u002DFried from a billionaire… Why has this puke not been arrested ? Millions to the Democrats. That's why Really?
Source: TheTorontoSun - 🏆 23. / 68 Read more »

BlockFi sues FTX’s Sam Bankman-Fried hours after bankruptcy filingBlockFi has sued Sam Bankman-Fried for his shares in Robinhood, which was used as collateral This comes in on the same day as its chapter 11 bankruptcy protection filing in New Jersey court BlockFi has sued Sam Bankman-Fried for his shares in Robinhood, an American financial services provider. Interestingly, this news comes hours after BlockFi […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

SBF claims to have only thousands of dollars left in bank after FTX’s collapseSBF claims to be down to a hundred thousand dollars, with almost all of his wealth wiped out with FTX’s collapse The former CEO also expressed that there could have been a 50-50 chance for FTX had CZ not expressed concerns The founder of the infamous crypto exchange, FTX – Sam Bankman-Fried has spilled quite […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

Opinion | RBC investing in younger wave of stars, and more bits and bites in the golf worldThe sponsorship signings of Sam Burns, Cameron Young and Sahith Theegala last week represented a philosophical shift by RBC for its roster of players.
Source: TorontoStar - 🏆 60. / 55 Read more »

Diane Sawyer’s ‘Love Actually’ Interview Is Cut Short After Police Threaten To Arrest HerAfter he ran from airport security in the beloved holiday classic, 'Love Actually', former child star Thomas Brodie-Sangster found himself on the run from the law again while taping the film's 20th anniversary reunion special with Diane Sawyer. The 32-year-old actor, who played lovesick kid drummer Sam in the 2003 film, returned to the iconic…
Source: ETCanada - 🏆 67. / 51 Read more »

Here are the top holiday scams in Canada you should be on the lookout for this seasonAs the holiday season approaches, the Canadian Anti-Fraud Centre Is warning of common scams that could dampen both people’s spirits and their wallets. Here are the top holiday scams in Canada you should be on the lookout for this season. Still a micro fraction of the billions in missing infustructure monies that the tax payers were frauded. Then some. The anti fraud center is useless. These scams should even be obvious to the brain dead.
Source: TorontoStar - 🏆 60. / 55 Read more »