Inside Edition
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FTX Founder Allegedly Used Investor Funds for His Lifestyle
Posted
December 13, 2022
Views
128,339
Likes
1,952
Comments
522
Engagement
1.93%
December 13, 2022
128,339
1,952
522
1.93%
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2:13Now PlayingOnce hailed as a genius, Sam Bankman-Fried's cryptocurrency exchange FTX was valued at $32 billion and was promoted by celebrities including Larry David. However, Bankman-Fried's empire came crashing down after he was arrested in the Bahamas for fraud. He lived in a luxury penthouse at a marina in the Bahamas with his girlfriend, Caroline Ellison, and eight other friends. Ellison fled the island and is believed to be hiding out in Manhattan.
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