Sam Bankman-Fried, founder of troubled crypto exchange FTX, faces up to 115 years in prison if found guilty on all eight counts of the US Department of Justice. Photos from open sources Bloomberg specifiesthat we are talking about conspiracy to defraud customers and creditors, money laundering and violation of campaign finance laws. Bankman-Fried’s actions were called “one of the biggest financial scams in American history” by Manhattan Attorney Damian Williams. The complex tangle of machinations is unraveled by the FBI, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), who work around the clock. According to
Go to Source
Author: NixCoin