SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude – Bitcoin News

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Two civil lawsuits against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete.

The CFTCthat customer deposits at FTX, including both fiat currencies and cryptocurrencies, were “appropriated by Alameda for its own use” throughout the relevant period. This week, Damian Williams, the U.S. attorney for the Southern District of New York, filed a motion to stay and asked the government entities to pause the lawsuits until the criminal case is settled.

The New York judge deferred the SEC and CFTC cases until the trial in Manhattan concludes. Bankman-Fried’s trial in Manhattan is scheduled to begin on Oct. 3, 2023. The FTX co-founder is charged with , including conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election Commission and commit campaign finance violations.

 

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He won't get anything. He is Jewish and lives in the United States, that's all you need to know. All you see is a show they have planned in advance... blah, blah, blah until people calm down.

Lotsa time coming

Plz do something bankman

Years of litigation ahead.

😅

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Brilliant, but using ChiefraFba for signals and analysis

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U.S. judge puts SEC, CFTC cases against FTX's Sam Bankman-Fried on holdA U.S. judge on Monday put two regulators' civil lawsuits against Sam Bankman-Fried on hold until the conclusion of the Department of Justice's criminal case against the founder of the now-bankrupt FTX cryptocurrency exchange. Sam Bankman-Fried should be facing life in prison, similar to Bernie Madoff. Hairy plotter on the spot ! Why on hold? Throw the bum in prison.
Source: Reuters - 🏆 2. / 97 Read more »

CFTC, SEC cases against Bankman-Fried to be pushed back until criminal case endsA New York judge decided Monday to push back cases against the former FTX CEO brought by the Securities and Exchange Commission and the Commodity Futures Trading Commission. A judge decided Monday to delay cases brought against former FTX CEO Sam Bankman-Fried by U.S. regulators until after a criminal case finishes up.
Source: TheBlock__ - 🏆 464. / 53 Read more »