, ranging from wire fraud to money laundering, conspiracy to commit fraud and making illegal campaign contributions.
Since May 2019, the SEC alleged, Mr Bankman-Fried raised more than $US1.8 billion from equity investors by promoting FTX as a safe, responsible platform for trading crypto assets. Meanwhile, a federal prosecutor called Mr Bankman-Fried's actions a "fraud of epic proportions" that included allegedly using customer funds to support his Alameda Research crypto-trading platform.
Mr Bankman-Fried has not yet entered a plea and was released on a $US250 million bond last week that included restrictions on his travel.The proposed group in the class action — which wants to represent more than 1 million FTX customers in the US and abroad — wants a declaration that traceable customer assets are not FTX property.
FTX was a heavy donor to the Biden Administration - I wonder if the Democrats will return the money to all those victims? 🤡🤡🤡
Fully investigating SBF will expose the corruption of the Democrat Party so it will never happen. Good chance he'll end up being Epsteined anyway
Several bail bonds worth.
the wonderful thing about Blockchain is that we can see it all whether or not sbf goes to prison he will face justice both his parents will be charged, too even from protective custody, caroline found a way to screw him one last time...
With a name like Bankman-Fried I think that they would have seen it coming
Those getting caught up in a Ponzi Scheme always surprised when it turns out its a Ponzi Scheme and collapses and they got robbed
👇
You buy fraud expect fraud. Crypto was always going to be dodgy
Mr Bankman-Fried has not yet entered a plea and was released on a $US250 million...and who money is the government eating..all are fraudster..keep in jail and pay back the investors.
Fraudster needs to go to jail and all people who took money from the fraudster including the politicians should return the stolen money.
Looks like crypto currency is just a Ponzi scheme afterall. I hope the suckers who invested hard earned and genuine legal tender realise 'if it's too good to be true, it probably is.'
lol good luck
Crypto Crapto
This is probably a case so big that no one jurisdiction can handle it. And yet, the main alleged instigator has been allowed to post a massive bail bond to stay with Mom. If he has access to that sort of money he's a flight risk.
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Business partners turn on Sam Bankman-FriedThe stunning collapse of one of crypto's most prominent firms has quickly morphed into a legal battle pitting former executives and ex-romantic partners against one another. 9News
Source: 9NewsSyd - 🏆 23. / 51 Read more »