Bankman-Fried is accused of illegally using FTX customer deposits to support his Alameda Research hedge fund, buy real estate and make millions of dollars in political contributions.
Bankman-Fried has been free on $250 million bond following his extradition last month from the Bahamas, where he lived and where the exchange was based. The Massachusetts Institute of Technology graduate has been charged with two counts of wire fraud and six conspiracy counts, including to launder money and commit campaign finance violations. He could face up toBankman-Fried has admitted to making mistakes running FTX but said he did not believe he was criminally liable.
I don't see that there's a crime committed, intangible so called currency purchased by a non-gold backed colored paper also called currency. It's like buying land on venus in exchange for land on pluto
Is that not reason enough to ban all crypto currencies world wide ASAP?
Why did he have meetings with Whitehouse officials this year? Biden lovers at Reuters will ignore this fact.
Jail for this MF
This man should be in jail for the rest of his sordid life.
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How much more proof do you need to see that the rich are accelerating their wealth directly at the direct expense of working class misery? It is a game we are all involved in but have not been invited to play.
He and his lawyers will go for a plea deal which won’t satisfy their investors who lost their money 💰
What’s his racial background?
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