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Why Sam Bankman-Fried is charged with perpetuating one of the biggest frauds in US history

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  • Sam Bankman-Fried was released on $250 million bail.
  • He is charged with eight counts of fraud, conspiracy, money laundering, and illegal campaign contributions.
  • Two of Bankman-Fried’s former friends and coworkers have pleaded guilty to fraud charges.

Sam Bankman-Fried was released on $250 million bail after carrying out one of the biggest frauds in US history.

Read the original article on Business Insider
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