Tag: bail

  • Silicon Valley fell for frauds

    Silicon Valley fell for frauds

    US-based FTX Group Founder Sam Bankman-Fried, who is accused of using customers’ funds without their knowledge to plug a multibillion-dollar hole in the firm’s balance sheet, has been sent to jail after violating the terms of his bail. Prosecutors allege Bankman-Fried and other former executives used customers’ money without their knowledge to plug a multibillion-dollar…