SEC, Justice Department charge FTX’s Sam Bankman-Fried


bitcoin 1 worthyministries

(Worthy News) – The U.S. Securities and Exchange Commission and the Justice Department on Tuesday charged the founder and former CEO of the defunct cryptocurrency firm FTX, Sam Bankman-Fried, with multiple counts, including defrauding investors.

Southern District of New York federal prosecutors indicted Bankman-Fried on eight criminal charges, including conspiracy and wire fraud, CNN reported.

Shortly before the Justice Department charges, the SEC filed a complaint alleging that Bankman-Fried raised more than $1.8 billion from investors since May 2019, but he secretly diverted the funds to his private crypto group, The Associated Press reported. [ Source: Just the News (Read More…) ]

SDNY Drops Eight Indictments Against Top Dem Donor. He Says There May Be More To Come

Bankman-Fried, who pledged $1 billion to Democratic candidates in this year’s midterms, founded the cryptocurrency firm FTX, which went bankrupt last month. Prosecutors now charge Bankman-Fried with defrauding customers of FTX, investors in FTX, and lenders to his hedge fund, as well as violating campaign finance laws. [ Source: Washington Free Beacon (Read More…) ]

Sam Bankman-Fried diverted FTX customer funds to donate to political campaigns, authorities charge

Federal authorities on Tuesday charged FTX co-founder Sam Bankman-Fried with using what they said was tens of millions of dollars of misappropriated customer funds to make illegal political donations to both Democratic and Republican candidates.

Prosecutors said one of the reasons he made those contributions was to influence the direction of policies and laws affecting the cryptocurrency industry. [ Source: CNBC (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News