Failed FTX CEO Sam Bankman-Fried (SBF) faces new criminal charges, including conspiracy to commit bank fraud. Writes about it The Block. The number of crimes incriminated to him increased from 8 to 12. A conspiracy to manage an unlicensed money transfer business was also added to the clarified position of the court. Regarding banking fraud, the document states that SBF “intentionally and knowingly” informed the financial institution that the account was for trading and market making. In reality, it was used to receive and transfer funds from the exchange’s clients. In the aggregate of all the previous points, Bankman-Fried faces
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Author: NixCoin