![]() As an MIT student he lived in a coeducational group house called Epsilon Theta. He graduated from the Massachusetts Institute of Technology in 2014 with a bachelor's degree in physics and a minor in mathematics. He attended high school at Crystal Springs Uplands School in Hillsborough, California. īankman-Fried attended Canada/USA Mathcamp, a summer program for mathematically talented high-school students. His parents admit Sam gave them the assets, as gifts, but deny wrongdoing, and are in court to make their case. Both of his parents are also being sued by the new owners of FTX, to return assets Sam had given them, in the form of cash and a home, valued at over $32 million. 1995), previously worked as a legislative assistant, Wall Street trader, and director of the non-profit Guarding Against Pandemics and its associated political action committee, which came under scrutiny by Federal investigators after it was discovered that much of the US$35 million on its books had been stolen by his older brother, Sam, from Alameda Research accounts. His younger brother, Gabriel Bankman-Fried (b. ![]() Fried is the dean of Columbia University Mailman School of Public Health. He is the son of Barbara Fried and Joseph Bankman, both professors at Stanford Law School. Early life and education īankman-Fried was born on March 5, 1992, in Stanford, California. His sentencing, where experts say he faces decades in prison, is scheduled for March 28, 2024. Bankman-Fried, he was convicted of all seven counts of fraud, conspiracy, and money laundering. ![]() On November 2, 2023, in the case of United States v. On December 12, 2022, Bankman-Fried was arrested in the Bahamas and extradited to the United States, where he was indicted on seven criminal charges including wire fraud, commodities fraud, securities fraud, money laundering, and campaign finance law violations. The public persona of Bankman-Fried masked significant problems at FTX, and in November 2022 when evidence of potential fraud began to surface, depositors quickly withdrew their assets, forcing the company into bankruptcy. At the peak of his success, he was ranked the 41st-richest American in the Forbes 400. Bankman-Fried founded the FTX cryptocurrency exchange and was celebrated as a " poster boy" for crypto. Samuel Benjamin Bankman-Fried (born March 5, 1992), or SBF, is an American entrepreneur who was convicted of fraud and related crimes in November 2023.
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