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Sam Bankman-Fried convicted in FTX collapse

Published

11 months ago

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The verdict comes after a lengthy legal battle that began when FTX abruptly shut down last year, leaving thousands of investors in the lurch.

The court found Bankman-Fried guilty of multiple charges, including fraud, embezzlement, and securities violations. The collapse of FTX resulted in billions of pounds in losses for its users, many of whom had entrusted their savings to the exchange. Bankman-Fried’s conviction marks a significant development in the ongoing investigation into the cryptocurrency industry’s regulation and accountability.

During the trial, prosecutors argued that Bankman-Fried had knowingly misled investors about the financial health of FTX and had siphoned off funds for personal gain. His defense team claimed that he was unaware of the extent of the financial problems at the exchange and had acted in good faith.

The verdict has sent shockwaves through the cryptocurrency community and raised questions about the need for stricter regulation in the industry. Many are now calling for increased oversight and transparency to prevent similar incidents in the future.

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Niche accountants proving essential to e-commerce success

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6 hours ago

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October 9, 2024

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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11 hours ago

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October 9, 2024

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Money

Financial stress deemed a leading cause of relationship breakdowns

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2 days ago

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October 8, 2024

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Expert insights on preventing financial conflicts and keeping relationships thriving

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s Way, Andrew Woodward.

In this episode, Andrew is joined by Dee Tozer, Couples Master Coach.

#investment insights

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