Unscrupulous Crypto Promotion
Was FTX Just Another Madoff Ponzi Scheme?
Mr. Madoff came to mind this morning when we heard that Sam Bankman-Fried of FTX fame was taken into custody by Federal Agents. The SEC has issued a statement in a parallel civil complaint saying that there was massive fraud for years. So, was FTX just another Madoff Ponzi scheme or simply a business mismanaged by its owner?