1 year ago
The U.S. Department of Justice (DOJ) has asked victims of erstwhile FTX CEO Sam Bankman-Fried (SBF)’s fraud to travel forward. The erstwhile FTX enforcement has been charged with “defrauding customers of FTX.com, investors successful FTX.com, and lenders to Alameda Research,” the Justice Department noted.
DOJ Urges Victims of SBF Fraud to Come Forward
The U.S. Department of Justice (DOJ) reached retired to victims of Sam Bankman-Fried (SBF)’s fraud via its website Friday, explaining their rights and asking them to travel forward. Bankman-Fried co-founded FTX and served arsenic its CEO erstwhile the crypto speech filed for bankruptcy successful November past year.
The DOJ wrote:
If you judge that you whitethorn person been a unfortunate of fraud by Samuel Bankman-Fried, a/k/a ‘SBF,’ delight interaction the victim/witness coordinator astatine the United States Attorney’s Office … for assistance successful verifying whether you are a unfortunate successful this case.
The Justice Department explained that connected Dec. 13, 2022, “an eight-count indictment was unsealed charging Samuel Bankman-Fried with defrauding customers of FTX.com, investors successful FTX.com, and lenders to Alameda Research.”
The DOJ detailed: “Bankman-Fried is charged with ligament fraud, conspiracy to perpetrate ligament fraud, conspiracy to perpetrate commodities fraud, conspiracy to perpetrate securities fraud, conspiracy to perpetrate wealth laundering, and conspiracy to defraud the United States and interruption the run concern laws.”
List of national transgression victims’ rights outlined by the Department of Justice. Source: DOJProsecutors are required by national instrumentality to interaction imaginable transgression victims to pass them of their rights.
However, successful tribunal papers filed connected Friday, national prosecutors successful Manhattan asked U.S. District Judge Lewis A. Kaplan, who has been assigned to the SBF case, for support to usage a website to notify victims, alternatively than contacting each individually. They claimed that the collapsed crypto speech FTX could beryllium wealth to much than 1 cardinal people, making it “impracticable” to interaction each person.
Bankman-Fried, who is presently astatine his parents’ location connected a $250 cardinal bond, has pleaded not guilty to fraud charges. Meanwhile, the DOJ has moved to seize shares of Robinhood Markets (Nasdaq: HOOD), worthy astir $460 million, linked to the erstwhile FTX boss.
What bash you deliberation astir the DOJ asking victims of Sam Bankman-Fried’s fraud to travel forward? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.
English (US) 