What you should know of Sam Bankman\u002DFried and the demise of his crypto empire.
An indictment unsealed on Tuesday alleges Bankman-Fried knowingly misrepresented FTX to investors and customers in a multi-year scheme that defrauded them of billions of dollars.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
It’s a stunning fall for the one-time billionaire, who was arrested at his luxury apartment in the Bahamas on Monday night, and is currently awaiting extradition.Article contentRecommended from EditorialWho is Bankman-Fried? Bankman-Fried was a leading proponent of so-called ‘effective’ altruism, a philanthropic theory that uses scientific thinking to do societal good. He was a member of the Giving pledge, for which wealthy people and families vow to donate most of their fortunes before they die.
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