When money disappears, and criminal fraud charges are filed, there’s a single question that always manages to surface shortly thereafter: Who’s to blame?
There are the founders and CEOs, obviously. Sam Bankman-Fried, who is currently under house arrest at his parent’s home on the Stanford University campus, could be sentenced to up to 115 years in prison. Other founders have faced repercussions for their actions: Elizabeth Holmes of Theranos, who was sentenced to more than 11 years in prison at the end of 2022; Ozy Media’s Carlos Watson, who was arrested at the end of last week for allegedly defrauding investors and identity theft; or former MoviePass chairman Ted Farnsworth, who has been charged with artificially inflating the startup’s parent company stock price, to name a few.
