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In January 2022, FCX was worth 32 billion dollars, with its founder and CEO Sam Bangly Freed being regarded as one of the most charitable billionaires. However, less than a year later, most major figures in the company were arrested for major fraud after FTX lost billions of customers' money. This video explains the full story of what happened to Sam, who came from a privileged background with Stanford law professor parents and chose a career in finance, leading to his downfall.
