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Revealed: Bankman-Fried’s high-profile meetings before FTX collapse

Boohoo: SBF's people say he is a nerd, not a thief

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TL;DR

  • Former FTX CEO Sam Bankman-Fried is on trial facing fraud charges after the exchange’s November 2022 collapse.
  • FBI’s Richard Busick provides evidence of Bankman-Fried’s meetings with political and business figures.
  • Records show Bankman-Fried met with former President Bill Clinton and NY Governor Kathy Hochul in September.

In Sam Bankman-Fried’s intense trial, significant revelations about his meetings with political and business powerhouses have surfaced. The former FTX CEO is facing fraud charges following the collapse of the exchange in November 2022.

Richard Busick, an FBI special agent, shed light on Bankman-Fried’s busy schedule. He revealed details about the CEO’s mobile phone locations from June 2021 to November 2022, which, combined with retrieved emails, painted a vivid picture of Bankman-Fried’s engagements.

Hence, on September 20, the records indicate a meeting between Bankman-Fried and former President Bill Clinton at a Hilton hotel in New York. Moreover, four days earlier, Bankman-Fried met New York State Governor Kathy Hochul at a restaurant, likely the Capital Grille on East 42nd Street. However, this particular location still needs to be confirmed by Hochul’s office.

Additionally, in the following two days, meetings with Yasir bin Othman Al-Rumayyan, chairman of Saudi Aramco, and Khalid A. Al-Falih, Saudi Arabia’s minister of investments, are also listed in the emails and phone data. Furthermore, New York City Mayor Eric Adams shared a table with Bankman-Fried earlier in March.

These revelations come in the wake of testimonies from former FTX associates. Notably, Nishad Singh, the former Head of Engineering at FTX, provided details of Bankman-Fried’s endeavors to channel political donations. The narrative of seeking political influence is also highlighted in Michael Lewis’ recent book, “Going Infinite.”

However, FTX’s downfall began in November 2022, when it faced a severe liquidity crisis. Consequently, it declared bankruptcy on November 11. By December, a U.S. grand jury leveled fraud charges against Bankman-Fried. After his arrest in the Bahamas, he was extradited to the U.S. Besides him, other key figures from FTX and Alameda Research, including Caroline Ellison and Gary Wang, have pled guilty to fraud charges and are now testifying against Bankman-Fried.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Mutuma Maxwell

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life's work is to introduce the concept of decentralization to people worldwide.

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