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Top related persons:
Zeke Faux - 2 CNN Business ’ - 1 Donald Trump - 1 Faryar Shirzad - 1 “ - 1 we’ve - 1 ” Trump - 1 ” - 1
Top related locs:
New York Fort Silicon America cryptocurrency
Top related orgs:
CNN Business - 1 New York CNN - 1 Securities and Exchange Commission - 1 SEC - 1 Vanderbilt University - 1 Apple - 1

Search resuls for: "Zeke Faux"


3 mentions found


☆ Analysis: A Trump bitcoin promise is what crypto fans once fought against. They love it anyway
  + stars: | 2024-11-13 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
New York CNN —The crypto industry, an institution founded on the principle of getting the government’s greedy hands off the people’s currency, is booming. They may have finally convinced the government to get its hands on bitcoin. And second: He would create a national bitcoin reserve by preventing the government from selling the assets it has seized in criminal cases. I asked several experts this week about that apparent inconsistency in the crypto ethos. “This, by itself, represents an enormous symbolic win for the crypto industry that two years ago was being spoken of as dead in the water.”
Persons: CNN Business ’, Donald Trump, Faryar Shirzad, “, we’ve, ” Trump, ”, Sam Bankman, Trump, Gary Gensler, can’t, Gensler, Robert F, Kennedy Jr, Fort Knox ”, Sam, shouldn’t, Molly White, ’, Zeke Faux, ” Yesha Yadav Organizations: CNN Business, New York CNN, Securities and Exchange Commission, SEC, Vanderbilt University Locations: New York, Fort
☆ Reading List: Scams and Scammers
  + stars: | 2023-11-08 | by ( Amanda Taub | ) www.nytimes.com   time to read: +2 min
In financial frauds, the core promise is always essentially the same: profit without risk. But the details of how that promise gets packaged are telling. Madoff and Holmes profited by promising wealth and validation to elites who feared that not having enough of one meant they couldn’t really have the other. Bankman-Fried, by contrast, seems to have invented himself as the fulfillment of a very different desire: success outside the bounds of powerful institutions. In retrospect it was a perfect pitch for cryptocurrency speculators who wanted to believe that they, too, could make a fortune without any traditional financial background or connections.
Persons: Bernie Madoff’s, Elizabeth Holmes, John Carreyrou, meritocracy, Madoff, Holmes, Zeke Faux Organizations: Apple Locations: Silicon, America, cryptocurrency
☆ Sam Bankman-Fried says he 'misaccounted' $8 billion after FTX customers wired money to hedge fund Alameda and the cash was counted twice
  + stars: | 2022-12-02 | by ( Pete Syme | ) www.businessinsider.com   time to read: +3 min
Sam Bankman-Fried showed a Bloomberg reporter a spreadsheet of company finances. The former billionaire – who now says he's down to his last $100,000 – showed Bloomberg's Zeke Faux a spreadsheet of FTX and Alameda's accounts. When the Bloomberg reporter asked Bankman-Fried if he had "misplaced $8 billion," the FTX founder replied: "Misaccounted." Then, FTX's internal accounting system counted this money twice by crediting it to both companies. Ray, who also handled Enron's bankruptcy, said FTX is full of "inexperienced" executives and demonstrates a "complete failure of corporate controls."
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