Sam Bankman-Fried borrowed $546 million from his hedge fund to buy a Robinhood stake | Business

Sam Bankman-Fried borrowed $546 million from his hedge fund to buy a Robinhood stake | Business

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When Sam Bankman-Fried bought a nearly 7.6% stake in Robinhood, the popular stock-trading app, earlier this year, he financed the deal with more than half a billion dollars borrowed from his own hedge fund — the entity that prosecutors say was illegally funneling customer funds from its affiliated…

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