Reportedly, billionaire oil tycoon Robert Belfer has been affected by investment fraud in three major scandals: Enron’s corruption, Bernie Madoff’s Ponzi scheme, and now the collapse of cryptocurrency exchange FTX.
Belfer, 87, has survived multiple financial frauds, including losses of tens of millions of dollars from Madoff and billions of dollars from Kenneth Lay’s energy company. As reported by the Financial Times, Belfer is now at risk of losing a total of $34.5 million in Sam Bankman-Fried’s cryptocurrency company.
