Tag Archives: balance sheet

Sam Bankman-Fried: The fall of a Crypto Robinhood

In May 2019 the MIT graduate Sam Bankman-Fried together with Gary Wang founded FTX cryptocurrency exchange headquartered in The Bahamas. Within years, sometime early this year, his net worth passed $26 billion. By the way he is just 30 years old, born March 6, 1992. (more…)

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How the Big Three forgot Accounting 101

EAST LANSING, Mich. — The Big Three were so driven by short-term profits that they forgot – or ignored – basic accounting practices that could have guarded against production decisions with long-term damage, according to an award-winning study by Michigan State University and Maastricht University in the Netherlands. (more…)

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