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On December 13th, U.S. prosecutors charged FTX founder Sam Bankman-Fried with eight counts of fraud and conspiracy. I think its fair to say that by anyones life, this is one of the biggest financial frauds in American history. The charges were announced amid a series of events playing out across two countries that also included an arrest in the Bahamas, a criminal indictment, and a congressional hearing on the crypto exchanges sudden demise. Bahamian police said they took Bankman-Fried into custody at his apartment in Nassau on December 12th for charges of various financial offenses against laws of the United States, which are also offenses against laws of the Commonwealth of the Bahamas. Authorities said the arrest was made based on an indictment filed by the U.S. Attorneys Office for the Southern District of New York. Bankman-Fried and his co-conspirators stole billions of dollars from FTX customers. The indictment accuses Bankman-Fried of misappropriating FTX.com customers d