FTX founder part of “one of the biggest financial frauds” in U.S. history

Published

3 years ago

December 14, 2022

Brittany Coles

FTX founder Sam Bankman-Fried is accused of eight offences including wire fraud and violation of campaign finance laws

The US Securities and Exchange Commission has charged Bankman-Fried with “orchestrating a scheme to defraud investors”

It’s believed the U.S. will now extradite the fallen crypto founder.

The SEC chair said Bankman-Fried built a “house of cards on a foundation of deception”

Meanwhile, The U.S. Attorney who filed the charges, called it “one of the biggest financial frauds” in U.S. history

Attorney Williams accused the former crypto king of illegally using money in politics

'Bankman-Fried and his co-conspirators stole billions of dollars from FTX customers. He used that money for his personal benefit.' — U.S. Attorney for the Southern District of NY Damian Williams explained the charges FTX's founder is facing pic.twitter.com/ygXplbqSi4
— NowThis (@nowthisnews) December 13, 2022

The 30-year-old went from billionaire to broke overnight in November, stunning the crypto community.

According to bankruptcy filings, FTX now owes top investors over USD$3 billion.

Bankman-Fried denies the fraud and also faces civil action from two U.S. financial watchdogs.

Related Topics:Featured Politics trending

Up Next

Users set to leave Twitter by the millions

Don't Miss

Songwriters agree to shake off Taylor Swift copyright case

Brittany Coles

Stocks slide and Trump cancels talks: What’s next for markets and Greenland?

U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.

Published

20 hours ago

January 15, 2026

Harvey Vargas

U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.

U.S. stocks fell for a second day on Wednesday, with the S&P 500 dropping 0.9% and the Dow Jones losing 164 points. Investors are reassessing record-high levels as major banks report weaker-than-expected earnings.

Wells Fargo shares tumbled more than 5% after disappointing revenue results, while Bank of America is down roughly 7% week to date. Citigroup and Wells Fargo have both seen declines of about 8%, highlighting volatility in the banking sector.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#StockMarket #SP500 #DowJones #BankEarnings #TrumpNews #Iran #Greenland #Geopolitics

Money

U.S. budget deficit falls to $1.67 trillion

US budget deficit falls to $1.67 trillion amid tariffs; implications of corporate taxes and Supreme Court rulings discussed.

Published

21 hours ago

January 15, 2026

Harvey Vargas

US budget deficit falls to $1.67 trillion amid tariffs; implications of corporate taxes and Supreme Court rulings discussed.

The US budget deficit has dropped to $1.67 trillion in 2025, the lowest in three years, driven by record customs revenue from President Donald Trump’s tariffs. While this marks a positive shift for the economy, challenges loom with potential Supreme Court rulings on tariffs and falling corporate tax receipts.

David Scutt from StoneX explains the key factors behind the decline in the deficit and what December’s figures reveal about the overall fiscal health of the US.

We also explore the potential implications of upcoming Supreme Court decisions and how the One Big Beautiful Bill Act could impact future deficits. Stay informed on what these changes mean for the economy and markets.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#USBudget #DeficitUpdate #TrumpTariffs #FiscalPolicy #Economy2025 #SupremeCourtImpact #CorporateTaxes #FinancialNews

Money

How to position investments for 2026: Expert advice on market cycles

As 2026 begins, strategic investment positioning and understanding market cycles are crucial for navigating today’s evolving financial landscape.

Published

2 days ago

January 14, 2026

Harvey Vargas

As 2026 begins, strategic investment positioning and understanding market cycles are crucial for navigating today’s evolving financial landscape.

As 2026 begins, investors are navigating an evolving market landscape. Experts stress that positioning your investments strategically is far more important than trying to predict market movements.

Key factors include focusing on quality companies, maintaining strong cash flow, and diversifying intelligently.

Dale Gillham from Wealth Within Group joins us to break down what defines a major market cycle and why understanding it can shape your investment approach. From identifying inflation-resilient businesses to selectively tapping into growth themes like AI, this discussion covers essential strategies for the year ahead.

We also explore the role of risk management, the importance of an exit strategy, and how emotional decision-making can impact your portfolio. For anyone looking to strengthen their investing education and skills, this episode offers actionable insights to gain an edge in 2026.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Investing2026 #MarketCycles #WealthManagement #AIInvesting #FinancialStrategy #RiskManagement #InvestmentTips #TickerNews