When Sam Bankman-Fried bought a nearly 7.6% stake in Robinhood, the popular stock-trading app, earlier this year, he financed the deal with more than half a billion dollars borrowed from the his own hedge fund — the entity that prosecutors say was illegally funneling customer funds from its affiliated platform, FTX.
https://ift.tt/OiSLjKF Sam Bankman-Fried borrowed $546M from his hedge fund to buy a Robinhood stake CNN.com - RSS Channel - HP Hero
Home Breaking News Sam Bankman-Fried borrowed $546M from his hedge fund to buy a Robinhood stake
Sam Bankman-Fried borrowed $546M from his hedge fund to buy a Robinhood stake
By Canada94news At December 28, 2022 0
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