Why Sam Bankman-Fried is charged with perpetuating one of the biggest frauds in US history

• Sam Bankman-Fried was released on $250 million bail.
• He is charged with eight counts of fraud, conspiracy, money laundering, and illegal campaign contributions.
• Two of Bankman-Fried's former friends and coworkers have pleaded guilty to fraud charges.

Sam Bankman-Fried was released on $250 million bail after carrying out one of the biggest frauds in US history.