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The Guardian - US
The Guardian - US
Business
Edward Helmore

UNBELIEVABLE: Fraud cons and ponzi schemes did sam bankman fried use madoff tactics - Caught on Camera

Bernie Madoff Sam Bankman-Fried FTX SBF Crypto John Ray John Ray III Damian Williams Joseph Bankman
Former FTX CEO Sam Bankman-Fried is currently languishing in jail in the Bahamas, from where he will likely be extradited to the US.
Former FTX CEO Sam Bankman-Fried is currently languishing in jail in the Bahamas, from where he will likely be extradited to the US. Photograph: FTX/Reuters

At first glance, Sam Bankman-Fried bears little resemblance to Bernie Madoff. One is a smartly-suited, grey-haired financial titan with a 40-year career on Wall Street, and the other a 30-year-old millennial king of crypto in shorts and T-shirt.

But almost 14 years to the day since Madoff was arrested and charged with fraud in New York for orchestrating a long-running pyramid scheme, the FTX crypto scandal is being compared to Madoff’s criminal enterprise.

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