FTX's Sam Bankman-Fried: What to know about his arrest and the charges he faces
CBSN
In a moment of self-reflection after the collapse of his cryptocurrency exchange FTX Trading, Sam Bankman-Fried tweeted on December 9 that he considered himself a "model CEO" who nevertheless "made a lot of big mistakes this year."
Regulators now allege that the former FTX CEO is a far from a well-meaning corporate leader, instead claiming that he "willfully and knowingly" defrauded investors. Bankman-Fried was arrested on Monday in the Bahamas on federal charges filed in the U.S., which include multiple counts of wire fraud and conspiracy related to the collapse of FTX.
The rise and stunning fall of Bankman-Fried combines the get-quick-rich allure of cryptocurrencies with the breathless hype that formerly surrounded the 30-year old MIT graduate, whom Fortune magazine once called possibly the "next Warren Buffett." And in wake of FTX's bankruptcy, the entrepreneur has left investors reeling and FTX owing its creditors at least $3 billion.
After four days of voting, with more than 400 million people eligible across 27 countries, European voters have pulled the bloc's 720-seat parliament farther to the right than it has ever been. The European Parliament, for the next five years, will now have a record number of far-right legislators. Far-right parties made gains in Europe's top three economies — Germany, France and Italy — with gains by politicians who campaigned against immigration, against support for Ukraine and against climate policy.
Apple's annual Worldwide Developers Conference is typically a springboard for the company to announce new tech features for its software programs, and not as flashy as its yearly September event to trumpet its latest iPhone rollout. But this year, the WWDC could be a make-or-break moment for the tech giant.