Sam Bankman-Fried ran a $32 billion crypto exchange, then lost all the money and is now sitting in a Bahamian jail, facing several fraud charges.
Legal and ethical questions are now being asked about others around his company, including his parents, both Stanford professors.
With him now in custody, his former company, FTX, and his reputation is being discussed in New York and in his hometown of Palo Alto. "I would say SBF eclipses what Elizabeth Holmes and Sunny Balwani did to their investors combined,” said Aron Solomon, legal analyst for Esquire Digital.Sign up for NBC Bay Area’s Housing Deconstructed newsletter.He ran a $32 billion crypto exchange and lost all of his investors' money. As Sam Bankman-Fried sits in a Bahamian jail facing several fraud charges, attention is now also turning to those around him. Scott Budman reports.
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