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Early Life
- Born March 6th, 1992
- Born & raised in Stanford California
- He has a brother named Gabriel who is 3 years younger than him
- His parents taught tax law and ethics at Stanford University
- His parents and brother became his advisors later in life
- He was diagnosed with a depressive disorder and ADHD, he is on meds for both
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Minor Education
- Attended Crystal Springs Uplands School, one of the best college prep middle/ high schools in California
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College & Degrees
Went to Massachusetts Institute of Technology (MIT) 2010-2014
- He studied physics & mathematics
- Graduated with a Bachelor of Arts/Science -
Worklife with Alameda
- He founded Alameda Research which is a quantitative trading firm
- He used the company as his "personal piggy bank"
- Was caught lying on numerous occasions
- He broke an equity arrangement made with the company
-There were Government allegations that he stole customers money for Alameda to fill the companies balance sheets and for questionable investments -
Worklife with FTX
- He started FTX Trading Ltd a cryptocurrency business
- He became the founder and former chief executive of the business
- He plotted to bribe an official working in China to unfreeze the assets that FTX had there
- He had a disrespectful and informal personality, he played video games during meetings, always wore khaki shorts and never brushed his hair.
- He stole from FTX's future funds, a nonprofit organization that makes grants to support Effective Altruism causes -
Current day
- He is 31
- He is currently in court for 7 counts of fraud
- He has pleaded not guilty
- If found guilty he would face a lifetime in prison
- Both FTX and Alameda are bankrupt -Involved in one of the biggest financial fraud in US history
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Claim
Sam Bankman-Fried is both unethical and socially irresponsible, he is accused of 7 counts of fraud, he stole customer funds, and was the target of many complaints for being a liar and unprofessional, the matters got so bad he even caused people to quit