{"id":336419,"date":"2022-11-20T04:22:50","date_gmt":"2022-11-20T04:22:50","guid":{"rendered":"https:\/\/omni48.com\/?p=336419"},"modified":"2022-11-20T08:32:28","modified_gmt":"2022-11-20T08:32:28","slug":"sam-bankman-fried-s-crypto-fraud-joins-hall-of-shame-with-madoff-holmes","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/sam-bankman-fried-s-crypto-fraud-joins-hall-of-shame-with-madoff-holmes","title":{"rendered":"Sam Bankman-Fried\u2019s crypto \u2018fraud\u2019 joins Hall of Shame with Madoff, Holmes"},"content":{"rendered":"<p>It may be a bit too early to lump Sam Bankman-Fried into the same bucket as the infamous fraudster Bernie Madoff &#8212; or maybe not. The full post-mortem of his epic collapse from crypto wunderkind and billionaire to broke crypto villain extraordinaire won&#8217;t be ready for some time. Prosecutors in the US attorney for the Southern District are eyeing possible charges before the end of the year, I am told, so barring exculpatory evidence we can&#8217;t label him a criminal yet. The bankruptcy trustee is just starting to get into the mess. He calls what went down &#8212; the disappearance of billions, massive losses in allegedly segregated accounts in Bankman-Fried&#8217;s FTX crypto exchange &#8212; &#8220;unprecedented.&#8221; But he has stopped short of calling it a fraud. Quicksand fortune At the very least, the 30-year-old man-child known by his initials as &#8220;SBF&#8221; can be best described as a world-class schemer. Armed with the benefit of hindsight, you can see how cultivating his<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It may be a bit too early to lump Sam Bankman-Fried into the same bucket as the infamous fraudster Bernie Madoff &#8212; or maybe not.&#160; The full post-mortem of his<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[313,1],"tags":[],"class_list":["post-336419","post","type-post","status-publish","format-standard","hentry","category-crypto","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/336419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=336419"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/336419\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=336419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=336419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=336419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}