Asian Spectator

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

  • Written by Amy Froide, Professor of History, University of Maryland, Baltimore County
FTX's collapse mirrors an infamous 18th century British financial scandalSam 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...

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