Sam Bankman-Fried

American entrepreneur convicted of fraud

Follow Sam Bankman-Fried on Notably News to receive short updates to your email — rarely!

September 2024 As of late September, Sam Bankman-Fried was reported to be in the same dormitory-style cell as Sean Combs.
April 11 2024 Sam Bankman-Fried appealed his conviction and the 25-year prison sentence handed down by the court.
March 2024 A second trial for Sam Bankman-Fried was originally scheduled to be held on five charges, including bank fraud and bribery.
March 28 2024 Bankman-Fried was sentenced to 25 years in prison and ordered to forfeit $11 billion as a result of his conviction for fraud and related crimes.
February 2024 Bankman-Fried's mother, Barbara Fried, wrote a letter to the judge advocating for lenient sentencing, citing concerns for his safety in prison.
December 30 2023 Prosecutors announced they would not proceed to a second trial against Sam Bankman-Fried on charges including bank fraud and bribery.
November 2023 Reports indicated that Sam Bankman-Fried had access to a vegetarian diet and prescription drugs while in custody, and he was participating in the prison's economy by trading mackerel for services.
November 2 2023 The trial of Sam Bankman-Fried concluded with the jury finding him guilty on all seven counts.
October 2023 In October 2023, FTX and its affiliated debtors announced a proposed settlement of customer-property disputes, which was to be presented for approval to the bankruptcy court, estimating that customers of FTX.com and FTX US would collectively receive over 90% of distributable value.
October 2023 Caroline Ellison testified against Sam Bankman-Fried in court, claiming that his appearance was part of a calculated image he wanted to project.
October 3 2023 The trial of Sam Bankman-Fried commenced at the Daniel Patrick Moynihan United States Courthouse in Manhattan, where he faced seven counts of fraud and conspiracy.
August 2023 Bankman-Fried was indicted for using $100 million in stolen funds from FTX customers to contribute to 2022 U.S. elections campaign contributions.
August 22 2023 Bankman-Fried's counsel reported that he was not receiving a vegan diet and that his medications for ADHD and depression were running low while incarcerated.
August 11 2023 Judge Kaplan revoked Sam Bankman-Fried's bail, concluding that witness tampering had likely occurred. Bankman-Fried was led from the courtroom in handcuffs and remanded into custody at the Metropolitan Detention Center, Brooklyn.
July 2023 Allegations emerged that Bankman-Fried had considered purchasing the island country of Nauru for use as a bunker.
July 2023 Prosecutors dropped a campaign finance charge against Bankman-Fried, which was filed prior to his extradition due to treaty obligations with the Bahamas.
July 26 2023 Prosecutors alleged witness tampering against Sam Bankman-Fried after he provided personal writings of former Alameda Research CEO Caroline Ellison to a reporter.
July 20 2023 An Insiders Avoidance Complaint was filed against Sam Bankman-Fried and three former FTX/Alameda senior executives, seeking to recover hundreds of millions of dollars that were misappropriated.
April 2023 By April 2023, FTX had recuperated $7.3 billion of the original $8 billion in missing funds in liquid assets.
March 2023 An indictment was issued accusing Bankman-Fried and others of directing the transfer of at least $40 million in cryptocurrency to Chinese government officials to unfreeze accounts of Alameda Research.
February 23 2023 Four additional criminal charges were announced against Bankman-Fried, primarily related to over 300 illegal political donations.
February 1 2023 Judge Lewis Kaplan tightened the bail conditions for Bankman-Fried, forbidding him from contacting current or former employees of FTX without attorneys present due to concerns about potential witness tampering.
January 3 2023 Bankman-Fried pled 'not guilty' to multiple charges including fraud in a court hearing in the United States.
2022 Bankman-Fried was the second-largest individual donor to Democratic causes for the 2022 U.S. elections, donating a total of $39.8 million, with $27 million allocated to the Protect Our Future PAC.
2022 In late 2022, Sam Bankman-Fried claimed he confirmed that Alameda had taken $8 billion from FTX customer funds, a fact he had not been previously aware of.
2022 Between October 2021 and May 2022, Bankman-Fried contributed $35 million to the Guarding Against Pandemics initiative, which has faced criticism for failing to prevent pandemics.
December 2022 In December 2022, FTX's new management began efforts to 'claw back' donations made to politicians, celebrities, and charities as part of its bankruptcy proceedings.
December 2022 Bankman-Fried's parents expressed their support for him, stating in a letter that he is innocent, around the time of his arrest.
December 2022 Bankman-Fried's name was removed from the Giving Pledge list after his arrest.
December 12 2022 Sam Bankman-Fried was arrested in the Bahamas and later extradited to the United States, where he faced indictment on seven criminal charges related to fraud.
November 12 2022 Bankman-Fried was interviewed by the Royal Bahamas Police Force following the bankruptcy declaration.
November 11 2022 Bankman-Fried resigned as CEO of FTX and was replaced by John J. Ray III during the bankruptcy proceedings.
November 8 2022 FTX, Alameda Research, and over 130 associated legal entities declared bankruptcy, amid revelations of financial mismanagement.
November 8 2022 On this date, Sam Bankman-Fried tweeted that 'FTX is fine. Assets are fine.' This statement was later contradicted by an FTX executive, who described it as misleading.
October 2022 In October 2022, it was revealed that Sam Bankman-Fried had begun investigating the legality of directly paying Donald Trump not to run for president in 2024, with Trump's team suggesting a figure of $5 billion.
October 2022 Bankman-Fried revised his spending pledge for the 2024 presidential election, describing a previous statement as a 'dumb quote on my part.'
October 2022 Bankman-Fried's $1 million donation to Beto O'Rourke's campaign in October 2022 was returned early in November, prior to the election.
May 2022 Sam Bankman-Fried announced plans to spend 'north of $100 million' in the 2024 presidential election with a potential 'soft ceiling' of $1 billion.
May 2022 It was disclosed that Emergent Fidelity Technologies, majority-owned by Bankman-Fried, had acquired 7.6 percent of Robinhood Markets stock.
May 15 2022 FTX announced a donation of $18 million to support the 'TOGETHER Trial,' a private international research consortium conducting clinical trials for various conditions, including COVID-19.
April 25 2022 On this date, messages revealed Bankman-Fried was willing to commit up to $5 billion to help fund Elon Musk's purchase of Twitter, although no investment ultimately took place.
April 15 2022 Sam Bankman-Fried's relationship with Alameda Research CEO Caroline Ellison ended.
February 2022 Sam Bankman-Fried stated that his political contributions were not aimed at influencing his policy goals for the cryptocurrency ecosystem, despite FTX circulating a list of suggestions to policymakers.
2021 Bankman-Fried was included in the Forbes 30 Under 30 list.
2021 Sam Bankman-Fried donated $27 million to Protect Our Future, a Democratic Political Action Committee (PAC).
2021 Bankman-Fried made donations totaling $262,200 to Republican Party campaigns in the 2021-22 election cycle.
2021 During the 2021-22 election cycle, Bankman-Fried contributed $990,000 to Democrat candidates and $38.8 million to outside groups.
September 2021 Bankman-Fried and the senior staff of FTX relocated from Hong Kong to the Bahamas.
2020 During the 2020 U.S. elections, Bankman-Fried contributed $5.2 million to two super PACs that supported Joe Biden's presidential campaign.
May 2019 FTX opened for business following its founding by Bankman-Fried.

We are only showing the most recent entries for this topic.

This contents of the box above is based on material from the Wikipedia article Sam Bankman-Fried, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.

See Also