The New York Times, a news agency from the United States Reports that a court in the Bahamas has denied his petition for temporary release.Sam Bankman-Fried Mr Founder of FTX (FTX), a cryptocurrency exchange in the United States in case of its escape
The United States Attorney for the Southern District of New York has filed eight criminal charges, including fraud. conspiracy to launder money and conspiracy to defraud the US government and violate the law on donations to political parties, including
The eight allegations came after the US Securities and Exchange Commission (SEC) filed a civil charge against the 30-year-old banker of defrauding investors.
Damian Williams, United States Attorney for the Southern District of New York commented “This is one of the biggest financial frauds in the history of the United States.”
Bahamian court refuses bail and notice of this criminal allegation. It happened after police in the Bahamas arrested Bankman-Fried. Monday (Dec. 12) local time After receiving an official notification from the United States
In addition to these allegations Bankerman-Fried was also accused of using money invested by clients to pay debts and bills. Not only that, but also allegations that Bankman-Fried and others conspired to violate the US Federal Contributions Act.
before the company went bankrupt Bankman-Fried is a major donor to the Democrats. But the former billionaire has also revealed that he also gave to the Republican Party as “dark money”, or money deposited in foreign banks without notice or paying taxes. It allows people or FTX affiliates to give money to both sides lobbying politicians to enact legislation or regulations that favor the cryptocurrency business.