This afternoon, the US Attorney’s Office for the Southern District of New York held a press conference discussing the indictment of Sam Bankman-Fried, the one-time CEO of FTX and now the alleged perpetrator of one of the largest frauds in history.
As the details emerge, it appears that Bankman-Fried orchestrated the fraud since the launch of FTX back in 2019. Effectively, he used the crypto exchange as a piggy bank, pumping up FTX, buying real estate, and doling out millions of dollars in political contributions to curry legislative and regulatory favor.
www.crowdfundinsider.com
As the details emerge, it appears that Bankman-Fried orchestrated the fraud since the launch of FTX back in 2019. Effectively, he used the crypto exchange as a piggy bank, pumping up FTX, buying real estate, and doling out millions of dollars in political contributions to curry legislative and regulatory favor.
Watch: United States Attorney, Southern District New York, Press Conference On Sam Bankman-Fried Indictment, FTX Bankruptcy | Crowdfund Insider
This afternoon, the US Attorney's Office for the Southern District of New York held a press conference discussing the indictment of Sam Bankman-Fried, the
www.crowdfundinsider.com
