Fall of Sam Bankman-Fried, Jewish cryptocurrency CEO, brings echoes of Bernie Madoff

Cryptocurrency maverick Sam Bankman-Fried, who famously became a billionaire under 30, is immersed in a reversal of fortune so vast and abrupt it has hit record proportions. Once considered a financial wunderkind, Bankman-Fried now faces legal battles, possible extradition and bankruptcy in a sudden shift from his previous high-profile status as a mythic entrepreneur, political…

Israel’s ‘most wanted man,’ a criminal ‘gang leader,’ nabbed in South Africa

A criminal described by South African media as Israel’s “most wanted gang leader” was arrested near Johannesburg on Thursday. The suspect, a 46-year-old man, was not initially identified by name but numerous reports later identified him as notorious fugitive Yaniv Ben Simon, a close associate of jailed crime boss Yitzhak Abergil. Simon, who is known as the world’s…

Sam Bankman-Fried Hires the Go-to Lawyer for Financial Fraudsters

There are several barometers indicating just how much trouble FTX founder Sam Bankman-Fried is facing after incinerating billions of dollars of client money — his company’s balance sheet from hell, the deeply sketchy-sounding back channel for moving his customers’ funds around, the reported SEC and Bahamian probes. But the best measurement might just be his…