Disgraced FTX founder Sam Bankman-Fried has been denied bail as he fights extradition to the United States in the Bahamas after being charged with one of the ‘biggest financial frauds in American history’.
Bankman-Fried is accused of defrauding investors out of $1.8billion by convincing them his trading platform FTX was safe to use. He has been holed up in the Bahamas for weeks, but today was denied bail after prosecutors argued in court that he was a flight risk.
Read Full Story Here: https://www.dailymail.co.uk/news/article-11532899/SEC-charges-shamed-Sam-Bankman-Fried-defrauding-FTX-equity-investors-1-8BILLION.html
