US Probes FTX Founder for Fraud, Examines Cash Flows to Bahamas

Bloomberg2022-12-10

Scope of inquiry includes transfers around time of bankruptcyIt’s part of broad effort by prosecutors to track client fundsUS prosecutors, laying the groundwork for a potential fraud case against Sam ...

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Comments

andrew123
2022-12-12
andrew123
Great
YJ Lee
2022-12-12
YJ Lee
Ok
TSY123
2022-12-12
TSY123
Ok
sunshine138
2022-12-12
sunshine138
Ok
Targarean
2022-12-11
Targarean
Send the bugger to jail. That's how all fraudsters should be treated
PhilipGoh
2022-12-11
PhilipGoh
Wow!

Leave a comment

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They’re also digging into whether FTX broke the law by transferring funds to Alameda Research, the bankrupt investment firm also founded by Bankman-Fried, an area of inquiry that has been reported previously.Bankman-Fried, who’s in the Bahamas and hasn’t been charged with any crimes, has admitted to grievous managerial errors at FTX but steadfastly denied that he ever knowingly misused customers’ funds. A spokesperson for Bankman-Fried declined to comment on Friday.The New York Times reported this week that federal prosecutors are also examining whether Bankman-Fried engaged in market manipulation by orchestrating trades that led to the collapse of the TerraUSD ecosystem earlier this year.Prosecutors in the Southern District of New York, including Assistant US Attorney Nicolas Roos, met for about two hours this week in a conference room in lower Manhattan with dozens of people investigating FTX’s collapse. Potential charges were not discussed at the organizational meeting. 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On Friday, he said on Twitter that he’s willing to testify at a Dec. 13 hearing before the US House Financial Services Committee about the disintegration of his crypto empire.Bahamas-based FTX and more than 100 related entities, including the company’s US arm, sent shock waves across the crypto ecosystem with their bankruptcy filing last month. 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That's how all fraudsters should be treated","listText":"Send the bugger to jail. That's how all fraudsters should be treated","text":"Send the bugger to jail. That's how all fraudsters should be treated","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929747725","repostId":1162956047,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9929733841,"gmtCreate":1670728806284,"gmtModify":1676538424540,"author":{"id":"3574730309796268","authorId":"3574730309796268","name":"PhilipGoh","avatar":"https://static.tigerbbs.com/d6085185a57dcb9a222e871338387428","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":7,"crmLevelSwitch":1,"idStr":"3574730309796268","authorIdStr":"3574730309796268"},"htmlText":"Wow!","listText":"Wow!","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929733841","repostId":1162956047,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":695,"commentSize":53,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1162956047"}