Over $600M in assets seized from FTX founder: Court filing

Federal prosecutors provided on Friday a list of assets subject to forfeiture as a result of the criminal charges, including cash held in various banks and accounts along with more than 55 million Robinhood shares.

The most recent seizure came on Thursday, when the government took $94,570,490.63 in U.S. currency held at Silvergate Bank, according to the filing. Several Binance accounts have also been seized, the filing shows, though their values were not included. Bankman-Fried has been charged with eight counts of fraud and conspiracy. Federal prosecutors have alleged Bankman-Fried orchestrated one of the "biggest financial frauds in American history" by steering billions in FTX customer and investor money and funneling it to his privately controlled hedge fund Alameda Research.

Other funds were used to buy lavish real estate and to make tens of millions in political donations, court records stated., where he lived in a multimillion-dollar mansion, on Dec. 21.one with ABC NewsIn the ABC News interview, Bankman-Fried told George Stephanopoulos that he has just one ATM card and "$100,000 left in my bank account."Copyright © 2023 ABC News Internet Ventures.

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Feds seize more than $600 million in assets from FTX founder Sam Bankman-Fried: Court filingThe seizures are part of the criminal case against Bankman-Fried, 30, who has pleaded not guilty to fraud and conspiracy charges linked to the alleged theft of billions of dollars from customers of and investors in FTX. You guys should right another puff piece on SBF... or are you too busy writing another article supporting Ray Epps? Surrre. Not guilty for being caught!!!!!!!!! In the past several re-election campaigns, the Senate Democrats led by Schumer and the House Democrats led by Pelosi obtained a lot of black money from such cryptocurrency companies!
Source: ABC - 🏆 471. / 51 Read more »

‘You won’t keep us out’: Car drove into barricade outside Sam Bankman-Fried’s houseThe family hired a $10,000-a-week, armed security detail to guard the house after the accused cryptocurrency fraudster received death threats. Same way he couldn’t keep his hands off customer funds. He'll freak out when he hits prison. No amount of barricades will protect him from 'eratic drivers' attempting to penetrate his personal space. there are a lot of upset people who want their money back, not surprising
Source: nypost - 🏆 91. / 67 Read more »