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ftx
He could face decades in prison after prosecutors said he cheated thousands of cryptocurrency customers out of billions of dollars.
Ellison pleaded guilty to seven counts of fraud, money laundering and conspiracy after the collapse of FTX last fall.
Prosecutors allege the 31-year-old stole funds from FTX, a crypto exchange he founded, both for personal use and to cover losses at a separate hedge fund.
The FTX founder, who's on trial for fraud, gave Brady and Steph Curry an hourly rate that boggles the mind, said "Going Infinite" author Michael Lewis.
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WHAT'S HAPPENING
In a new book, Lewis said the disgraced crypto billionaire floated the idea of paying off Trump to neutralize the "existential" risk he posed to democracy.
Barbara Fried and Joe Bankman allegedly used their “access and influence within the FTX enterprise to enrich themselves” by misappropriating customer funds.
Allegedly tamper with witnesses? Straight to jail.
The pop star reportedly passed on a $100 million deal with the failed crypto company.
“I would really love to reconnect and see if there’s a way for us to have a constructive relationship," Bankman-Fried wrote to a witness working at FTX.
As the disgraced mogul attempted to influence federal lawmaking, his political team was spreading money around to candidates further down the ballot.
