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Democrat mega-donor Sam Bankman-Fried, whose cryptocurrency platform FTX just collapsed in a hail of fraud allegations, pretty well walks around free to do what he pleases, out in the palmy Bahamas.
That raises questions as to what is going on here, why that guy isn’t, like Bernie Madoff or the assorted Enron characters, in jail for his misappropriation of customer funds from his cryptocurrency exchange, FTX, through a secret “back-door,” to his Alameda Research hedge fund, run by his kinky-weird ex-girlfriend, Caroline Ellison .
FTX did, after all, insist to its cryptocurrency platform customers that it would never use their deposits for speculative trading purposes.According to Coindesk, an industry publication of the cryptocurrency and related fields : …FTX and other crypto exchanges are not banks. […]