FILE - The FTX Arena logo is seen where the Miami Heat basketball team plays on Nov. 12, 2022, in Miami. The former CEO of failed crypto firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of the U.S. government, the U.S. attorney’s office in New York said Monday, Dec. 12.
Bankman-Fried was arrested Monday in the Bahamas at the request of the U.S. government, which charged him with eight criminal violations, ranging from wire fraud to money laundering to conspiracy to commit fraud. Bankman Fried, one of the largest political donors this year, was also charged with making illegal campaign contributions.
Bankman-Fried has fallen hard and fast from the top of the cryptocurrency industry he helped to evangelize. FTX filed for bankruptcy on Nov. 11, when it ran out of money after the cryptocurrency equivalent of a bank run. The criminal indictment against Bankman-Fried and “others” at FTX is on top of civil charges announced Tuesday by the Securities and Exchange Commission and the Commodity Futures Trading Commission. The SEC alleges Bankman-Fried defrauded investors and illegally used their money to buy real estate on behalf of himself and his family.
John Ray III told members of the House Financial Services Committee that the collapse of FTX, resulting in the loss of more than $7 billion, was the culmination of months, or even years, of bad decisions and poor financial controls.He added: “This is just plain, old-fashioned embezzlement, taking money from others and using it for your own purposes.”
We need to find out how that young jew got the money to start the scam? Who gave him that money to get started? One man can't raise all that money; who helped him out? Was he really staying in Israel or Ukraine?
What was he thinking? Sad to say, but it takes one to know one. As a former convicted felon white collar criminal, I have spent decades studying the mind of the white collar fraudster. He's still in the fog of his crime, a crime that will cost him most, if not all, of his life
So will all the Dems who took money get in trouble or be forced to give it back. Haha of course not lmao
No, they want to keep him quiet. Lots of DEMs are screwed if he talks.
But yet..
Fraud. Conspiracy. DemocRat. 🐁 Democrat DNC Biden POTUS HunterBiden TheBigGuy JoeBiden TheVig
Why didn’t he have to speak to congress He would’ve cut the throats of all those corrupt politicians that he paid off to do this. Our government is a disgrace. termlimits
String him up!
But didn’t Musk and other right wing trolls say he wouldn’t be prosecuted because he donated to the democrats (at the same time he donated to republicans)
Next they will get him epsteined
While I’m glad he was arrested, interesting that he was scooped up just before he was to testify on capitol hill.
They REALLY didn’t want him testifying in front of Congress.
Karma is a biaatch
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