FTX

Updated ET, Sat ,

Sam Bankman-Fried's multibillion-dollar crypto empire was run primarily by "grossly inexperienced and unsophisticated individuals" who failed to institute basic corporate controls and even relied on QuickBooks to do their accounting, according to investigators. ...
“As a New England Patriots fan my entire life, you can imagine the influence that Tom Brady would have,” the 56-year-old legal clerk said. ...
The House held a hearing this past Tuesday to investigate the collapse of FTX following founder Sam Bankman-Fried‘s arrest on charges of fraud, money laundering and improper use of customer funds. Rep. Jim Himes is on the Financial Services Committee and joins Katie Phang to discuss.   ...
Millions of FTX donations to Democrat candidates could be at risk of needing to be repaid to the failed cryptocurrency exchange. ...

( )