By Brendan Hart 1 min read

Visualizing FTX's Ponzi Scheme

The graft must be visualized to be believed.
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Visualizing FTX's Ponzi Scheme

Sam Bankman-Fried, FTX's notorious founder, ran a modern-day ponzi scheme. Rather than retirees, his victims were sycophantic believers in cryptocurrency.

Like Trump, Bankman-Fried has only disdain for his most loyal supporters. How else could one explain how customer deposits (lefthand side) were used as a personal slush fund?

The graft must be visualized to be believed.

Flow chart with dozens of entries, with many green lines showing commingled funds

White-collar pain

Sam Bankman-Fried, currently detained in a Brooklyn prison, is not doing well these days. And, despite his deep pockets, Bankman-Fried's nightmare is likely just starting.

Properly delivered, justice can be long and harsh.

Brendan Hart

About the Author

Brendan Hart

Brendan Hart is the founder of The Power Curve, an independent platform publishing economic intelligence for a complex world.

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