Sam Bankman-Fried
American entrepreneur convicted of fraud
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| 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. |
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