Sam Bankman Fried's Bankruptcy

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Peter Spiegel: The thing we'll be watching for most is going to be Tuesday morning. We are awaiting the Southern District of New York, which is the federal prosecutors here in Manhattan to unseal indictment. Most of the bankruptcy proceedings and a lot of focus has been on this training firm almost like a Sam Bankman Fried's own hedge fund called Alameda Research. So it's sort of misappropriation of customer funds.

Sam Bankman-Fried, the former chief executive of bankrupt crypto exchange FTX has been arrested in the Bahamas, Goldman Sachs is considering cutting hundreds of jobs, Belgian police raided a European parliamentary office in a widening corruption scandal involving World Cup host Qatar, and Germany’s reliance on Russian gas has exposed a weakness that could derail the country’s economic success.

Mentioned in this podcast:

FTX founder Sam Bankman-Fried arrested in the Bahamas

Goldman considers hundreds of job cuts at consumer business

Fresh raids as Qatar corruption scandal rocks Brussels

Germany confronts a broken business model

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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