Sam Bankman-Fried invested billions into startups and venture capital funds. Many of those recipients are now wondering: What happens next?
Sam Bankman-Fried was a prolific investor in the two years prior to FTX's collapse, pumping billions of dollars into startups and venture capital funds.Many of those recipients are wondering what happens next, and if the money could be clawed back.Bankman-Fried's investment portfolio is complex, and likely not yet entirely known.Zoom out:
After Bernie Madoff went down, many of his clients had investment returns clawed back, even though they themselves had done nothing wrong. In short, they had received what lawyers call "fraudulent conveyances," or proceeds transferred for less than fair market value.
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Disgraced crypto exec Sam Bankman-Fried spent big in two SoCal Congress racesBefore his business empire imploded, Bankman-Fried was the world’s youngest billionaire and the second-biggest donor to Democrats in the 2022 midterm.
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