DOJ Filed Eight (8) Charges Against Sam Bankman-Fried
Indeed, the former FTX CEO was charged on eight counts including fraud on customers, lenders, and investors. SBF also faces money laundering charges and campaign finance violations.
BREAKING: SBF has been charged with violating campaign finance laws.
He has given $42 million to Democrats & "dark money" to Republicans.
But there hasn't been a full list of the politicians he paid.
Until now.
Click here to see who SBF gave money to: https://t.co/araVgIs4Qv pic.twitter.com/8LxzSogHsb
The Commodity Futures Trading Commission (CFTC) also filed a complaint against SBF with damning allegations. CFTC officials accused Sam Bankman-Fried of diverting billions in customer funds to Alameda Research, his trading giant.
According to the CFTC, Alameda was already insolvent by May/June 2022 when Terra collapsed. The CFTC alleged that Alameda’s use of customer funds drastically increased after Luna and UST’s $40 billion wipeout.
Also, the Securities and Exchange Commission (SEC) charged Sam Bankman-Fried with defrauding users and lenders alike.
Source: Read Full Article
-
What Went Wrong With FTX and Binance Behind Closed Doors – Here's The Truth – Coinpedia Fintech News
-
China's Role in Bitcoin's Recent Surge: A Global Game Changer – Coinpedia Fintech News
-
Gala Games founders biff over $130M theft, corporate waste allegations
-
Former Goldman Sachs banker explains why Wall Street gets Bitcoin wrong
-
XRP Lawsuit: SEC Pleads With Court to Grant Appeal against Ripple