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The Conversation

Amy Froide, Professor of History, University of Maryland, Baltimore County

FTX's collapse mirrors an infamous 18th century British financial scandal

FTX Sam Bankman-Fried Bernie Madoff United States John Thomson

Sam Bankman-Fried, once considered a star in the freewheeling world of cryptocurrency, has been charged with conspiracy, fraud and money laundering. Stefani Reynolds/AFP via Getty Images

Enron. Bernie Madoff. FTX.

In modern capitalism, it seems as if stories of companies and managers who engage in fraud and swindle their investors occur like the changing of the seasons.

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